BHP Hits Record High; JBH, CGF & TWE Reports 📈

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss:
– Reporting season highlights: BHP, Challenger, Treasury Wine Estates and JB Hi-Fi
– BHP’s record high and the copper narrative
– AI disruption and personal financial resilience
– Listener questions: VDHG + alternatives, CGT transfer to partner, gearing in super
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Topics Covered
– Reporting season: BHP, Challenger, Treasury Wine Estates, JB Hi-Fi
– Why BHP’s copper pivot is front and centre
– The ASX “two-speed” feel: banks/resources up, pockets in between struggling
– AI disruption and the case for financial resilience
– The 2026 stock market game leaderboard update
– Hypotheticals: only greater than $10b vs less than $1b market caps; $1m to invest with no US exposure
– Listener Q&A: VDHG + alternatives, transferring ETFs for tax, gearing in super

Listener questions answered
1) 51-year-old simplifying: 80% VDHG + 20% alternatives?
Key points:
– VDHG can be a simple starting point, but it’s a blunt tool for retirement planning
– 20% in “alternatives” is a big call without clear objective, income needs and fee awareness
– The underlying message: start with goals and desired outcomes (income, volatility, control), then build
2) Transfer ETFs to partner in a lower tax bracket?
General principles discussed:
– It depends on future income paths (partner returning to work, changing brackets, etc.)
– Don’t make a purely short-term tax decision without considering longer-term structure
– For larger future portfolios, structures like family trusts may come into consideration (seek advice)
3) Gearing inside super at age 43
Highlights:
– Modest gearing can make sense for some with a long horizon and ability to keep contributing
– It’s not a free lunch: when rates rise, borrowing costs rise — and markets can fall at the same time
– Gearing strategies require a stronger stomach and a clear plan for bad markets

Resources for This Episode
Learn more about: reporting season, portfolio strategy and super
– Rask community: https://community.rask.com.au
– Ask a question (select Australian Investors Podcast): https://bit.ly/R-quest
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DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg.
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