Wesfarmers, BHP highs and what investors should do next

In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith move from the market headlines into the real forces shaping investor behaviour right now. They start with Wesfarmers pushing higher, BHP printing fresh highs and Macquarie continuing to attract attention, then ask the question behind the moves: are these quality businesses still buys, or are investors paying up for comfort in an uncertain market? The discussion widens quickly into small-business CGT concessions, SpaceX euphoria, and the squeeze households are still feeling as wages struggle to keep pace with living costs. Owen and Drew also unpack why underemployment matters more than the headline jobs number, what the market is getting wrong about media noise, and how retail investors should think about leverage, ETF portfolios and stock selection when the rules keep shifting. There is also a practical discussion on GHHF, Megaport versus WiseTech, and whether younger investors should be chasing property, businesses or listed assets first. If you want one episode that blends ASX ideas, portfolio thinking and macro frustration without losing the practical angle, this is a sharp listen. There is plenty here for investors trying to separate temporary hype from durable business quality while still making sensible decisions with real money. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices