1 00:00:05,680 --> 00:00:08,520 Speaker 1: Welcome to the Fear and Greed Business Interview. I'm Sean Almer. 2 00:00:08,760 --> 00:00:11,280 Speaker 1: Every Friday, over the last six weeks, we've worked with 3 00:00:11,320 --> 00:00:14,480 Speaker 1: the team at training platform Moomoo to explore some of 4 00:00:14,520 --> 00:00:17,360 Speaker 1: the technology and data that investors can use to make 5 00:00:17,400 --> 00:00:21,479 Speaker 1: smarter decisions. Today, we're putting it all together. Remember, the 6 00:00:21,480 --> 00:00:24,400 Speaker 1: information in this episode is general in nature and doesn't 7 00:00:24,440 --> 00:00:27,880 Speaker 1: take into account your own circumstances. Michael McCarthy is the 8 00:00:27,960 --> 00:00:31,880 Speaker 1: chief commercial officer and market strategistic trading platform Moumou, a 9 00:00:31,880 --> 00:00:34,840 Speaker 1: great supporter of this podcast. Michael, welcome back to Fear 10 00:00:34,880 --> 00:00:36,919 Speaker 1: and Greed. I feel like we're old friends, really, aren't we. 11 00:00:37,240 --> 00:00:40,240 Speaker 2: It's been quite a journey, Sean. Quite the journ has 12 00:00:40,280 --> 00:00:41,160 Speaker 2: most enjoyable. 13 00:00:41,440 --> 00:00:43,720 Speaker 1: Now. The purpose of a trading platform isn't just to 14 00:00:43,840 --> 00:00:47,040 Speaker 1: facilitate the buying and selling of shares. There's a lot 15 00:00:47,080 --> 00:00:51,680 Speaker 1: more to it than that. It's about research, education, developing 16 00:00:51,720 --> 00:00:52,400 Speaker 1: as an investor. 17 00:00:52,440 --> 00:00:56,400 Speaker 2: Michael, Absolutely, Sean, and that's one of the keys to it. 18 00:00:56,880 --> 00:00:58,560 Speaker 2: You've got to have all the basics here. You've got 19 00:00:58,600 --> 00:01:00,280 Speaker 2: to be able to transact, You've got to be able 20 00:01:00,320 --> 00:01:02,520 Speaker 2: to find the information you need and to have the 21 00:01:02,520 --> 00:01:04,280 Speaker 2: tools that you want to use. But one of the 22 00:01:04,360 --> 00:01:07,640 Speaker 2: toughest parts about investing is that it can be a 23 00:01:07,800 --> 00:01:12,120 Speaker 2: very lonely life. It's your business and your investments and 24 00:01:12,200 --> 00:01:15,440 Speaker 2: it's you against the market. And to have a community 25 00:01:15,480 --> 00:01:18,520 Speaker 2: to work with in that scenario can really help. And 26 00:01:18,560 --> 00:01:21,880 Speaker 2: that's one of the real strengths of the moumoo platform. 27 00:01:21,920 --> 00:01:25,720 Speaker 2: We have twenty three million news as worldwide and they 28 00:01:25,800 --> 00:01:28,600 Speaker 2: come together around the markets they're interested in, whether it's 29 00:01:28,640 --> 00:01:33,440 Speaker 2: stocks or broader market, and share their views, share the conversation, 30 00:01:33,800 --> 00:01:36,520 Speaker 2: share a few jokes too. I I won't kid you 31 00:01:36,560 --> 00:01:39,440 Speaker 2: that it's all serious, but it's an opportunity to share 32 00:01:39,480 --> 00:01:42,440 Speaker 2: the investing journey. So while you must have the tools, 33 00:01:42,480 --> 00:01:44,840 Speaker 2: you must have a good value broker, you must be 34 00:01:44,880 --> 00:01:46,840 Speaker 2: able to get the information you need, and you must 35 00:01:46,840 --> 00:01:49,560 Speaker 2: be able to learn about investing. Being able to share 36 00:01:49,600 --> 00:01:52,520 Speaker 2: the journey is one of the keys, because, as I say, 37 00:01:52,800 --> 00:01:56,720 Speaker 2: investing in trading can be a lonely journey, and sharing 38 00:01:56,720 --> 00:01:59,960 Speaker 2: it with others who are like minded individuals can easey 39 00:02:00,000 --> 00:02:02,400 Speaker 2: it's the burden. I don't even make it fun at times. 40 00:02:02,800 --> 00:02:06,400 Speaker 1: It's twenty three million, you said, that's quite a phenomenal number. 41 00:02:06,480 --> 00:02:08,560 Speaker 1: Where are they from. I mean, it's great to actually 42 00:02:08,600 --> 00:02:11,520 Speaker 1: have a community, but that's more than a community. That's 43 00:02:11,560 --> 00:02:14,160 Speaker 1: a lot of people, presumably with a lot of great ideas. 44 00:02:14,600 --> 00:02:17,280 Speaker 2: We're a global broker, Sean. We're all around the world, 45 00:02:17,320 --> 00:02:19,919 Speaker 2: So Hong Kong and Singapore are major hubs for US, 46 00:02:19,960 --> 00:02:23,679 Speaker 2: but we're in Malaysia, Japan, Canada, the US, and of 47 00:02:23,760 --> 00:02:27,560 Speaker 2: course here in Australia, and amongst all of those countries, 48 00:02:27,840 --> 00:02:30,440 Speaker 2: we have a very strong presence around the globe. 49 00:02:31,040 --> 00:02:34,560 Speaker 1: Fantastic, Okay. Now, AI has been Artificial intelligence has been 50 00:02:34,680 --> 00:02:37,120 Speaker 1: a theme throughout the past few weeks. We've talked a 51 00:02:37,120 --> 00:02:40,160 Speaker 1: lot about it during the series. It seems pretty self 52 00:02:40,200 --> 00:02:42,559 Speaker 1: evident to me that if you're not using a platform 53 00:02:42,680 --> 00:02:48,000 Speaker 1: with AI, well you're kind of you're behind the game already. 54 00:02:48,840 --> 00:02:51,400 Speaker 2: I'd have to agree with that, Sean. The reality is 55 00:02:51,440 --> 00:02:54,200 Speaker 2: that AI is a tool or a suite of tools 56 00:02:54,480 --> 00:02:57,079 Speaker 2: that help us provide you with what you need when 57 00:02:57,120 --> 00:02:58,760 Speaker 2: you need it. And that's one of the keys in 58 00:02:58,800 --> 00:03:03,080 Speaker 2: the market is no not only what's important, but accessing 59 00:03:03,120 --> 00:03:06,639 Speaker 2: that information in good time, so as results are dropping 60 00:03:06,720 --> 00:03:10,200 Speaker 2: and other people are typing the numbers into spreadsheets, you'll 61 00:03:10,200 --> 00:03:13,680 Speaker 2: be able to compare the expectations that are already listed 62 00:03:13,720 --> 00:03:16,640 Speaker 2: for you on the platform against the numbers as they're falling, 63 00:03:16,880 --> 00:03:20,000 Speaker 2: and react instantly while everybody else is still figuring out 64 00:03:20,040 --> 00:03:21,360 Speaker 2: their financial ratios. 65 00:03:21,639 --> 00:03:23,119 Speaker 1: And I suppose that's one of the things I've learned 66 00:03:23,160 --> 00:03:25,200 Speaker 1: through this is the ability to move quickly is where 67 00:03:25,280 --> 00:03:28,440 Speaker 1: memou helps, but also the ability to get ideas and 68 00:03:28,520 --> 00:03:33,119 Speaker 1: strategies from others, right from famous investors like Warren Buffett 69 00:03:33,160 --> 00:03:35,240 Speaker 1: right through to anyone on the platform. 70 00:03:35,280 --> 00:03:38,040 Speaker 2: Really well, that's right, and so you can go where 71 00:03:38,080 --> 00:03:40,960 Speaker 2: your style is best suited. Everyone is different as an 72 00:03:41,040 --> 00:03:43,320 Speaker 2: investor or trader, we all come to the market with 73 00:03:43,440 --> 00:03:46,720 Speaker 2: different attributes, whether it's our age, our goals, the amount 74 00:03:46,760 --> 00:03:49,440 Speaker 2: of capital we have, our risk appetites. They're all different 75 00:03:49,480 --> 00:03:52,440 Speaker 2: and they're all individual. But you can find other individuals 76 00:03:52,520 --> 00:03:55,600 Speaker 2: who share some of your attributes and share some ideas 77 00:03:55,640 --> 00:03:56,000 Speaker 2: with them. 78 00:03:56,480 --> 00:04:02,240 Speaker 1: Say with me, Michael, we'll be back in a minute. 79 00:04:05,400 --> 00:04:09,560 Speaker 1: My guest this morning is Michael McCarthy from moumouve. So 80 00:04:10,160 --> 00:04:12,760 Speaker 1: is there someone that's best suited to the momoo platform 81 00:04:12,920 --> 00:04:15,240 Speaker 1: or is it general enough to sit pretty much everyone. 82 00:04:15,600 --> 00:04:18,200 Speaker 2: It's the real strength of the platform, Sean, is that 83 00:04:18,279 --> 00:04:20,960 Speaker 2: it's designed to be easy to use, so even a 84 00:04:21,080 --> 00:04:24,520 Speaker 2: first time a newcomer to the market can open up 85 00:04:24,520 --> 00:04:28,160 Speaker 2: the platform, type in a code and get some information 86 00:04:28,240 --> 00:04:32,680 Speaker 2: that they can use immediately. But even sophisticated traders and 87 00:04:32,760 --> 00:04:36,560 Speaker 2: investors with decades of experience in the market can use 88 00:04:36,640 --> 00:04:39,800 Speaker 2: the really deep and rich information and tools on the 89 00:04:39,800 --> 00:04:42,960 Speaker 2: platform to come up with something special. So there is 90 00:04:43,440 --> 00:04:46,159 Speaker 2: something for everybody on the platform, and there is also 91 00:04:46,600 --> 00:04:49,440 Speaker 2: a path to take. You can start at the very beginning. 92 00:04:49,760 --> 00:04:52,200 Speaker 2: You might start with one of the pre made screeners 93 00:04:52,200 --> 00:04:54,159 Speaker 2: that we have to show you the sort of stocks 94 00:04:54,160 --> 00:04:56,280 Speaker 2: you might be interested in, and then you can start 95 00:04:56,320 --> 00:04:59,720 Speaker 2: tweaking those screen as. Before you know, you're trading algorithms 96 00:04:59,720 --> 00:05:02,599 Speaker 2: in our paper trading competition and matching it with the 97 00:05:02,600 --> 00:05:04,800 Speaker 2: best of them around the globe. So there is a 98 00:05:04,920 --> 00:05:08,400 Speaker 2: path through the platform to better investment practices. 99 00:05:09,320 --> 00:05:13,560 Speaker 1: So what's your favorite tool on the Momove platform, Michae, 100 00:05:13,560 --> 00:05:15,240 Speaker 1: if you had to pick one, In fact, you're allowed 101 00:05:15,279 --> 00:05:18,440 Speaker 1: to pick tool through. 102 00:05:17,440 --> 00:05:20,279 Speaker 2: All right, Well, I'll go for it. Well, I've mentioned before, 103 00:05:20,640 --> 00:05:23,560 Speaker 2: I'm an options trader by background, I'm a derivative specialist, 104 00:05:23,640 --> 00:05:27,400 Speaker 2: and for me, the options chain tool is really powerful. 105 00:05:27,600 --> 00:05:32,160 Speaker 2: It allows me to select exactly the option that I want, 106 00:05:32,200 --> 00:05:35,480 Speaker 2: the leverage that I want, the exposure, the delta, all 107 00:05:35,520 --> 00:05:38,880 Speaker 2: those Greek letters that we use to describe option exposures. 108 00:05:39,000 --> 00:05:41,800 Speaker 2: I can analyze on the platform and create my strategy 109 00:05:42,120 --> 00:05:45,240 Speaker 2: and even check out the pricing on it before I execute. 110 00:05:45,279 --> 00:05:48,560 Speaker 2: And that's very important part of my option strategy. But 111 00:05:48,600 --> 00:05:51,560 Speaker 2: there's plenty of other great tools. I'm a chartist from 112 00:05:51,600 --> 00:05:53,560 Speaker 2: way back, and I like our chart package. But the 113 00:05:53,600 --> 00:05:56,479 Speaker 2: one that I don't see anywhere else is our industry 114 00:05:56,600 --> 00:05:59,760 Speaker 2: chains tool, where if you think of an idea or 115 00:06:00,080 --> 00:06:01,720 Speaker 2: doc your life, but you think you might be a 116 00:06:01,760 --> 00:06:04,280 Speaker 2: little behind the game and it's already moved, you can 117 00:06:04,320 --> 00:06:06,880 Speaker 2: look up and down the industry chain to see what 118 00:06:06,960 --> 00:06:09,520 Speaker 2: other companies might be affected by the changes you're seeing 119 00:06:09,560 --> 00:06:12,400 Speaker 2: in the market, and perhaps find a better investment that 120 00:06:12,440 --> 00:06:15,200 Speaker 2: way in the related company. So that's a tool I 121 00:06:15,200 --> 00:06:18,360 Speaker 2: don't see on other platforms. I've used many platforms over 122 00:06:18,360 --> 00:06:21,039 Speaker 2: the years, both as a professional trader and as a 123 00:06:21,080 --> 00:06:25,160 Speaker 2: personal investor, and the Momove platform has the most powerful 124 00:06:25,200 --> 00:06:27,760 Speaker 2: tools available to individuals I've ever seen. 125 00:06:28,600 --> 00:06:30,520 Speaker 1: So most of us aren't like you, Michael. Most of 126 00:06:30,600 --> 00:06:33,160 Speaker 1: us probably don't understand what driven's trading is about and 127 00:06:33,200 --> 00:06:35,800 Speaker 1: the underlying risk in that. But how does Mumu help 128 00:06:35,880 --> 00:06:39,839 Speaker 1: you understand? It doesn't have to be derivatives training, but 129 00:06:39,960 --> 00:06:41,239 Speaker 1: other products in the market. 130 00:06:41,880 --> 00:06:44,240 Speaker 2: I think the important part for me Sean is that 131 00:06:44,279 --> 00:06:47,240 Speaker 2: it's always trying to put the relevant information in front 132 00:06:47,240 --> 00:06:50,200 Speaker 2: of you. In the information age, where there's floods of 133 00:06:50,240 --> 00:06:53,839 Speaker 2: information available, it's not about getting the information, it's about 134 00:06:53,880 --> 00:06:56,400 Speaker 2: sorting it and getting the right piece of information at 135 00:06:56,440 --> 00:06:59,960 Speaker 2: the right time. And that's what we use artificial intelligence 136 00:07:00,200 --> 00:07:03,279 Speaker 2: on the platform. We analyze the sorts of results that 137 00:07:03,320 --> 00:07:06,919 Speaker 2: are coming out and use our algorithms to predict what 138 00:07:07,000 --> 00:07:10,080 Speaker 2: will be the most powerful pieces of information out of 139 00:07:10,080 --> 00:07:12,320 Speaker 2: a given and result. Now, if it's a resource company, 140 00:07:12,480 --> 00:07:15,600 Speaker 2: it might be its quarterly production. If it's a finance 141 00:07:15,600 --> 00:07:18,560 Speaker 2: group or a bank, it might be its return on investment. 142 00:07:19,080 --> 00:07:21,680 Speaker 2: If it's an industrial stock, it might be its price 143 00:07:21,720 --> 00:07:23,960 Speaker 2: to earnings ratio. And we try and make sure that 144 00:07:24,080 --> 00:07:27,520 Speaker 2: our algorithms are searching for the most relevant pieces of 145 00:07:27,600 --> 00:07:31,640 Speaker 2: information and presenting them to our investors in a very 146 00:07:31,640 --> 00:07:32,400 Speaker 2: timely manner. 147 00:07:33,000 --> 00:07:36,280 Speaker 1: Okay, so someone listening who hasn't used movement, what's the 148 00:07:36,320 --> 00:07:38,080 Speaker 1: next step, what's the first thing they should be. 149 00:07:38,040 --> 00:07:41,040 Speaker 2: Doing download the platform or download the app. We find 150 00:07:41,080 --> 00:07:43,400 Speaker 2: a lot of people like to start on the phone app. 151 00:07:43,840 --> 00:07:48,560 Speaker 2: It's very straightforward, it's streamlined, it's very intuitive. So download 152 00:07:48,600 --> 00:07:52,200 Speaker 2: the app, open it up, create an ID, and once 153 00:07:52,240 --> 00:07:55,160 Speaker 2: you have that ID, you've started your journey. You can 154 00:07:55,200 --> 00:07:58,200 Speaker 2: then go on as you learn to work out what 155 00:07:58,240 --> 00:07:59,960 Speaker 2: it is you'd like to do. You can test your 156 00:08:00,160 --> 00:08:02,480 Speaker 2: ideas with our paper trading modules. 157 00:08:02,560 --> 00:08:03,440 Speaker 1: Yeah, I love this fun. 158 00:08:03,600 --> 00:08:06,480 Speaker 2: Yeah, that's a very powerful tool for a lot of people. 159 00:08:06,960 --> 00:08:09,360 Speaker 2: It's great to get the ideas, to chat with people 160 00:08:09,400 --> 00:08:11,320 Speaker 2: and to work it out, but until you actually go 161 00:08:11,400 --> 00:08:13,720 Speaker 2: to put on a trade and see how it performs 162 00:08:13,760 --> 00:08:15,760 Speaker 2: in the market, you just don't know how well your 163 00:08:15,800 --> 00:08:19,000 Speaker 2: strategy is formulated. Being able to do that without taking 164 00:08:19,040 --> 00:08:21,640 Speaker 2: any risk, that is, trading it on paper rather than 165 00:08:21,680 --> 00:08:24,560 Speaker 2: with real money, means that you can test your ideas 166 00:08:24,600 --> 00:08:27,520 Speaker 2: in the market before you actually put any money on 167 00:08:27,560 --> 00:08:30,360 Speaker 2: the line, and that's a very important step in every 168 00:08:30,400 --> 00:08:34,800 Speaker 2: investor's journey to becoming successful as an investor is starting 169 00:08:34,840 --> 00:08:37,080 Speaker 2: out at a lower risk end of the spectrum. 170 00:08:37,360 --> 00:08:39,240 Speaker 1: So in any sense, you can jump in there and 171 00:08:39,440 --> 00:08:42,800 Speaker 1: educate yourself without putting any money at risk, literally any 172 00:08:42,800 --> 00:08:45,679 Speaker 1: money at risk until you are confident that you know 173 00:08:45,760 --> 00:08:46,360 Speaker 1: what you're doing. 174 00:08:47,720 --> 00:08:50,000 Speaker 2: So I want to take you back. I was studying 175 00:08:50,160 --> 00:08:54,480 Speaker 2: applied finance at Macquarie University and the professor who is 176 00:08:54,520 --> 00:08:58,920 Speaker 2: teaching us about mathematical calculation said, just get the calculator book. 177 00:08:58,960 --> 00:09:01,440 Speaker 2: Now we don't have lads anymore. It's all done on computers. 178 00:09:01,520 --> 00:09:03,240 Speaker 2: We said, if you can work your way through the 179 00:09:03,280 --> 00:09:06,400 Speaker 2: calculator book, you will understand the mathematics we do in 180 00:09:06,400 --> 00:09:09,360 Speaker 2: this course. And the Momoo platform is very similar. If 181 00:09:09,400 --> 00:09:12,000 Speaker 2: you can work your way through the platform, understand those 182 00:09:12,000 --> 00:09:14,160 Speaker 2: tools and what they're doing for you, you'll learn a 183 00:09:14,240 --> 00:09:18,640 Speaker 2: lot about investment without ever cracking open a textbook. It's 184 00:09:18,920 --> 00:09:22,679 Speaker 2: designed to take you through all of those different principles 185 00:09:22,679 --> 00:09:26,280 Speaker 2: of investing and trading until you've found your sweet spot 186 00:09:26,320 --> 00:09:27,679 Speaker 2: and are confident in what you're doing. 187 00:09:28,120 --> 00:09:29,760 Speaker 1: Michael, I think the thing that I like most of 188 00:09:29,760 --> 00:09:32,480 Speaker 1: all it allows me to invest like Warren Buffett. The 189 00:09:32,480 --> 00:09:35,120 Speaker 1: whole idea that you can pick a Warren Buffett strategy 190 00:09:35,600 --> 00:09:37,840 Speaker 1: and for someone like me who knows a fair bit 191 00:09:37,880 --> 00:09:40,680 Speaker 1: about markets but nothing like the depth you have, the 192 00:09:40,760 --> 00:09:42,640 Speaker 1: idea that you can follow someone I think it's a 193 00:09:42,679 --> 00:09:43,880 Speaker 1: great idea, it's. 194 00:09:43,840 --> 00:09:46,199 Speaker 2: Very powerful and of course Warren Buffett is a very 195 00:09:46,200 --> 00:09:49,520 Speaker 2: popular choice for following, but many successful traders are on 196 00:09:49,520 --> 00:09:52,480 Speaker 2: our platform and we do expose a lot of professional 197 00:09:52,520 --> 00:09:55,720 Speaker 2: investment strategies so people can find the style and the 198 00:09:55,760 --> 00:09:59,840 Speaker 2: approach that best suits their aims, goals and amount of capital. 199 00:10:00,320 --> 00:10:02,040 Speaker 1: Michael, thank you for talking to Fear and Greed. 200 00:10:02,280 --> 00:10:02,920 Speaker 2: Thank you, Sere. 201 00:10:03,320 --> 00:10:05,920 Speaker 1: That was Michael McCarthy from moumou, a great supporter of 202 00:10:06,000 --> 00:10:09,400 Speaker 1: this podcast. For more information on the mumu platform, follow 203 00:10:09,520 --> 00:10:12,480 Speaker 1: the link in today's show notes. It is very easy. 204 00:10:12,520 --> 00:10:15,760 Speaker 1: I have downloaded the app genuinely for someone like me 205 00:10:15,920 --> 00:10:18,000 Speaker 1: who doesn't do it every day, it's really step by 206 00:10:18,000 --> 00:10:21,000 Speaker 1: step easy to get there. Remember the information in this 207 00:10:21,000 --> 00:10:23,440 Speaker 1: podcast is general in nature, and you should get professional 208 00:10:23,440 --> 00:10:25,200 Speaker 1: advice and make sure a product is right for you 209 00:10:25,280 --> 00:10:28,120 Speaker 1: before proceeding. This is the Fear and Greed Business Interview. 210 00:10:28,400 --> 00:10:30,320 Speaker 1: Join us every morning for the full episode of Fear 211 00:10:30,360 --> 00:10:33,000 Speaker 1: and Greed Daily businesses people who make their own decisions. 212 00:10:33,120 --> 00:10:36,040 Speaker 1: I'm chanelma Enjoy your day.