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• Australia’s second largest private hospital operator, Healthscope, has been put into receivership by its lenders as it is unable to service its $1.6 billion in debt. A last-minute $100 million lifeline by Commonwealth Bank will ensure Healthscope’s 37 private hospitals can continue to operate as the company looks for a buyer. (AFR)
  
  

• Demand for Healthscope appears quite strong. The company has reportedly already received 10 non-binding offers to buy the private hospital operator. (Reuters)
  
  

• Australian logistics software giant WiseTech has made its largest acquisition to date, spending $3.25 billion to buy Texas-based software firm e2open. WiseTech has a track record of buying logistics software companies to add capability to its CargoWise software platform, and with this acquisition founder Richard White is looking to reset after stories of his personal conduct threw the company into turmoil. (AFR)
  
  

• Uranium stocks are having a moment after US President Trump’s executive order intended to accelerate the expansion of nuclear energy in the US. Yesterday, Australian uranium miners Deep Yellow (+14%), Boss Energy (+7%) and Paladin Energy (+9%) were some of the ASX’s best performers. (Capital Brief)
  
  

• The Australian dollar hit a 6-month high against the US dollar as the US dollar loses some of its shine. Investors are selling US dollars as further tariff threats create uncertainty and the ‘Big Beautiful Bill’ (yes, thats its official name) moves through Congress which would add trillions of dollars to the US government debt. (Capital Brief)
  
  

• Russia’s latest strikes on Ukraine were reportedly its largest drone-and-missile attack of the war so far and killed at least 12 people. These strikes have apparently motivated President Trump to take a harder line against Putin. Trump told reporters, “I’m not happy with what Putin’s doing. He’s killing a lot of people” before later posting on social media that Putin has “gone absolutely CRAZY!” Trump confirmed the US would be considering further sanction against Russia. (AFR)
  
  

• The US Department of Justice and Boeing have reached a settlement that will allow the company and its executives to avoid any prosecutions over a pair of 7-3-7 Max crashes in 2018 and 2019. Instead, the company will pay a $1.1 billion fine to settle allegations it had misled regulators and will set aside $445 million for the families of the 346 people killed in the two crashes in Indonesia and Ethiopia. (Quartz)

What the…?

The left side of the happiness curve is collapsing. When researchers chart happiness over a lifetime, it traditionally takes a U-shape: people are happiest when they are young, it dips in middle age, before peaking once again in old age (example below).

A recent study of 200,000 people in over 20 countries has found that the left-side of the curve, young people, are reporting far lower levels of happiness and life satisfaction. This finding cuts across countries, wealth, education and other demographic factors. Another sign that young people are not alright. (NY Times)

Investing is a lifelong journey

Here’s what you can learn today.

How to start investing with $1,000

Community Question: How do I get started investing with limited funds? Are there beginner-friendly options?

We put this question to Luke Laretive, financial adviser and CEO of Seneca Financial Solutions.

If you have under $1,000: Look at micro-investing/round up apps, like Raiz or CommSec Pocket.

If you have over $1,000:

• Get a HIN [unique number that is issued by the Australian Securities Exchange (ASX) when you become a client of a broker, that connects your shares to your unique number] at a discount broker – Stake, Commsec, NabTrade, Selfwealth

• Buy a multi-asset ETF aligned to your risk profile – these are the ETF’s that are labelled “Conservative”, “Balanced”, “Growth” and “High Growth”. Most of the major ETF providers have them (Vanguard, Blackrock iShares, State Street, Betashares)

• Set yourself up dividend reinvestment plans - this is where any dividends from the ETF is reinvested back into the portfolio

• Set up a regular saving plan to make regular contributions to your investment (I’d say every time you accumulate $500-$1,000 as a rough guide)

• Don’t try and time the market, invest as soon as you’ve got an investable amount spare

• Don’t buy anything else or change your strategy

• Discipline, diversification & patience are your edge over everyone else

Interested in speaking to Luke or another of our hand-picked financial advisers? Fill out the form on our website and we’ll put you in touch.

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