CommSec

After an incredible career at CommSec spanning over 22 years, we are both proud and emotional to announce the retirement of Craig James, our Chief Economist.   Craig has been an invaluable part of CommSec, known for his sharp economic insights, deep knowledge of the financial markets, and a dedication to educating Australians on the importance of understanding the economy.   Craig’s legacy goes beyond his economic forecasts – he’s been a trusted voice during times of uncertainty. His clear, insightful analysis has guided both everyday investors and professionals alike. Craig's impact has been immeasurable.   We thank Craig for his unwavering commitment and wish him all the best in his retirement. He leaves behind a lasting legacy that will continue to inspire our team and clients for many years to come.

“Everything in our world begins and ends with our customers – thank you to everyone who listened, we hope the share market is a more interesting and accessible place as a result.” - Tom Piotrowski, CommSec Market Analyst.   We're incredibly proud that CommSec Invest: The Share Market Simplified has been recognised as the ‘Best Branded Podcast’ in the Major category at the Radio Today 2024 Podcast Awards.   From all of us at CommSec, a heartfelt thank you to everyone who gave their energy to the Podcast, particularly our wonderful guests and our talented production partners at LiSTNR.   We can’t wait to bring you Season 2 🥳🫶 Rachel Richards Laura Besarati Steven Daghlian Ryan Felsman Craig James Todd Stevens Kelsey Menzies

Scams and fraud are continuing to rise and can happen to anyone.   Here are a few simple security features that add an extra layer of security to your CommSec account.   Security Q&A: These questions will be used to identify you if you forget your password, or whenever we need extra verification.   Trading Password: A trading password, which is different to your login password, can add an extra level of security to your account. It can be used to authenticate a user as an authorised operator on the account when placing orders via the CommSec website, CommSec mobile app or CommSec IRESS.   Phone Pin: A 6–16-digit numerical password that can be used to identify you when you call us.   SMS security: SMS-based two-factor authentication (2FA) and SMS one-time password (OTP) allows  you to verify your identity with a code, sent to you via text message.   Remember to Stop 🛑, Check 🔎 and Reject ❌ calls, emails and messages that look suspicious.

As widely expected, the #RBA has left the cash rate target unchanged for a seventh straight meeting at a near 13-year high of 4.35%.   A resilient labour market and sticky housing and services inflation continue to force the RBA Board to retain its higher-for-longer interest rate stance.   The RBA Board reiterated that monetary policy needed to stay tight, and it was not ruling out further increases if needed to control inflation.   The RBA said, "Headline inflation is expected to fall further temporarily, as a result of federal and state cost of living relief. However, our current forecasts do not see inflation returning sustainably to target until 2026."   There was limited share market response off the back of the announcement this afternoon with the S&P/ASX 200 index edging slightly lower.   CBA Group economists see the RBA on hold until the December Board meeting when we expect the RBA to commence an easing cycle. Markets are now pricing in a 59% chance of a rate cut by year-end.   To learn more about today’s interest rates decision, listen in to the evening episode of the CommSec Market Update. Available wherever you get your podcasts. 

If you’ve opened your CommSec app recently, you may have noticed it’s looking ✨fresh✨   Our new Home has arrived, here’s your wrap up of our apps biggest upgrade – ever!   ▪️Home revolutionises your trading experience – with new features to manage your portfolio on a sleek and elegant interface.   ▪️Our new Portfolio Chart allows you to track your performance of domestic holdings for up to six months.   ▪️With Home you can add, remove, and rearrange cards to feature what matters most to you. ▪️View recent orders, index movements, and keep tabs on your favourite watchlist on the go, in real-time.   To enjoy the full benefits of Home, make sure your CommSec mobile app is updated to the latest version. Happy investing!

Head to our YouTube to watch our full Executive Series interview with Partner & Portfolio Manager of Munro Partners, Qiao Ma.   You’ll find a link in the comments 👇   The information in this video is general in nature and does not consider your circumstances.   #nvidia #apple

We sat down with our Executive General Manager, James Fowle to talk about his approach to mental health and the steps we can all take to foster an open and supportive culture.   Q: What small practices do you incorporate into your day to support your mental well-being?   Most of my days are spent in meetings, so I make sure to carve out a few breaks. I’ll head to the kitchen, grab a coffee, and chat with a colleague, or just take a quiet moment to reset. It’s those little pauses that help me clear my head and get ready for what’s next." Q: How do you encourage a culture of openness around mental health at CommSec?   I try to talk openly about my own experiences and how I’m feeling, and I hope that encourages others to do the same. It’s important that people feel like it’s okay to speak up, so we make it a point to reinforce that mental health is just as important as physical health. We’re all in this together."     Let’s all make it a habit to check in with our colleagues, friends, and loved ones, not just today but every day. You never know how much a simple conversation could mean to someone 💛   #RUOKDay

Zip Co (ZIP) CEO, Cynthia Scott recently joined Tom Piotrowski in the studio for Executive Series.   Here’s a sneak peek of the conversation where they discussed how macro environmental factors impact the company.   To hear more of the interview, head to the link in the comments 👇

Woodside Energy (WDS) CEO, Meg O’Neill speaks with Tom Piotrowski on the reasoning behind the company’s recent acquisitions of Tellurian and Driftwood LNG.   To hear more from Meg’s Executive Series interview, head to the link in the comments 👇

Seven Group Holdings (SVW) CEO, Ryan Stokes joins us in the studio for our latest Executive Series interview.   The interview covers: ▪️ Company’s full year results ▪️ Performance of WesTrac ▪️ Performance of Boral   Here’s a sneak preview 👇