1 00:00:00,240 --> 00:00:02,840 Speaker 1: Welcome back to Sugar Mama's Fireplay Today. 2 00:00:02,960 --> 00:00:05,160 Speaker 2: I'm so excited to bring you an episode that I 3 00:00:05,200 --> 00:00:07,560 Speaker 2: know will resonate with so many of you who are 4 00:00:07,600 --> 00:00:11,039 Speaker 2: ready to take your first steps into investing. 5 00:00:10,920 --> 00:00:12,440 Speaker 1: Or even if you're just a little bit. 6 00:00:12,320 --> 00:00:16,440 Speaker 2: Hesitant, because let's be honest, investing feels overwhelming, especially when 7 00:00:16,480 --> 00:00:20,439 Speaker 2: we first begin. I'll be joined by Jessica Emir, a 8 00:00:20,440 --> 00:00:25,560 Speaker 2: market strategist at MoMu, an innovative online trading platform designed 9 00:00:25,560 --> 00:00:31,400 Speaker 2: to make investing accessible and empowering for everyday people. Jessica 10 00:00:31,400 --> 00:00:34,040 Speaker 2: will share her personal story of how she got started 11 00:00:34,159 --> 00:00:37,960 Speaker 2: in investing, her journey to finding the right investments, and 12 00:00:38,000 --> 00:00:41,440 Speaker 2: how she uses Mumu to research and buy her shares. 13 00:00:42,080 --> 00:00:44,840 Speaker 2: If you've been wondering about how to start building your 14 00:00:44,840 --> 00:00:48,240 Speaker 2: investment portfolio or you want to actually elevate your own 15 00:00:48,280 --> 00:00:51,600 Speaker 2: investing game, today's episode is the perfect. 16 00:00:51,200 --> 00:00:51,680 Speaker 1: One for you. 17 00:00:52,120 --> 00:00:54,360 Speaker 2: And of course, a huge thank you to MUMO for 18 00:00:54,440 --> 00:00:57,440 Speaker 2: sponsoring this episode and helping us bring these tools to 19 00:00:57,520 --> 00:01:05,040 Speaker 2: you right now and of course those valuable in sites directly. 20 00:01:06,440 --> 00:01:08,800 Speaker 2: All right, Jessica, thank you so much for coming in today. 21 00:01:09,280 --> 00:01:11,800 Speaker 2: I like to ask everyone how you are not just 22 00:01:11,840 --> 00:01:14,119 Speaker 2: a surface level how are you? But how are you? 23 00:01:18,080 --> 00:01:19,560 Speaker 3: I think I'm feeling a little bit sore. 24 00:01:19,560 --> 00:01:22,240 Speaker 4: I've been training, doing a lot of doing a litle 25 00:01:22,280 --> 00:01:26,600 Speaker 4: sport and exercise ladies, so physically i'm sore. But yeah, 26 00:01:26,640 --> 00:01:32,080 Speaker 4: I'm excited. I'm excited November Decembo's around the corner. Twenty 27 00:01:32,160 --> 00:01:33,960 Speaker 4: twenty five is going to be an awesome year. 28 00:01:34,040 --> 00:01:35,320 Speaker 3: So yeah, I'm pretty good. 29 00:01:35,360 --> 00:01:35,880 Speaker 1: How are you? 30 00:01:36,240 --> 00:01:36,839 Speaker 3: Yeah, I'm good. 31 00:01:36,880 --> 00:01:38,280 Speaker 1: I know that feeling about being sore. 32 00:01:38,800 --> 00:01:40,240 Speaker 2: It's funny. I took a bit of a break from 33 00:01:40,280 --> 00:01:42,160 Speaker 2: training that I just got back into it recently, and 34 00:01:42,680 --> 00:01:44,760 Speaker 2: I kind of like that feeling of being sore because 35 00:01:44,760 --> 00:01:47,560 Speaker 2: you're like, Okay, I didn't just have like a flaky workout. 36 00:01:47,560 --> 00:01:50,720 Speaker 2: I actually work those muscles efficiently. Sure, And I'm so 37 00:01:50,760 --> 00:01:52,840 Speaker 2: excited to about the year coming to an end and 38 00:01:52,920 --> 00:01:56,880 Speaker 2: having just a moment to finally press pause and you know, 39 00:01:57,440 --> 00:01:59,520 Speaker 2: just take stock or what's happened during the year and 40 00:01:59,560 --> 00:02:01,480 Speaker 2: think about, you know, what I want to do for 41 00:02:01,520 --> 00:02:04,680 Speaker 2: twenty twenty five. So I hear you loud and clear. 42 00:02:05,400 --> 00:02:08,400 Speaker 2: I'm really keen to hear about you and your personal 43 00:02:08,440 --> 00:02:11,600 Speaker 2: story around investing and more importantly getting started, because I 44 00:02:11,600 --> 00:02:14,320 Speaker 2: feel like for so many people. That's the biggest block 45 00:02:14,360 --> 00:02:16,800 Speaker 2: for people is actually getting started. Once they've bought their 46 00:02:16,840 --> 00:02:19,200 Speaker 2: first puzzle shares or they bought a couple of different shares, 47 00:02:19,240 --> 00:02:22,720 Speaker 2: they're kind of sailing away smoothly, but it's that initial 48 00:02:22,840 --> 00:02:26,840 Speaker 2: hurdle that really freezes people, like you know, that analysis paralysis. 49 00:02:26,880 --> 00:02:29,480 Speaker 2: So I want to break down, most importantly how you 50 00:02:29,560 --> 00:02:32,640 Speaker 2: got started and obviously then where you're going. So my 51 00:02:32,800 --> 00:02:35,560 Speaker 2: first question to you, and again I should probably remind 52 00:02:35,600 --> 00:02:38,280 Speaker 2: everyone that obviously everything in this episode, as is all 53 00:02:38,360 --> 00:02:41,800 Speaker 2: of my episodes are general and advice only and obviously 54 00:02:41,840 --> 00:02:45,520 Speaker 2: for your educational purposes only. But Jessica, how did you 55 00:02:45,560 --> 00:02:49,640 Speaker 2: personally get started with investing in shares? And like, was 56 00:02:49,639 --> 00:02:52,280 Speaker 2: there a defining moment in your life where you went, 57 00:02:52,320 --> 00:02:55,120 Speaker 2: all right, this is the asset class for me, this 58 00:02:55,200 --> 00:02:56,440 Speaker 2: is what I want to invest in. 59 00:02:56,800 --> 00:02:58,799 Speaker 3: Yeah, so a great question. 60 00:02:59,480 --> 00:03:03,360 Speaker 4: So I think you know, the word asset class may 61 00:03:03,400 --> 00:03:05,799 Speaker 4: not be synonymous to. 62 00:03:05,800 --> 00:03:06,360 Speaker 3: A lot of people. 63 00:03:06,440 --> 00:03:08,320 Speaker 4: A lot of people might not know what even an 64 00:03:08,400 --> 00:03:12,280 Speaker 4: asset class is. So when I first started investing, I 65 00:03:12,280 --> 00:03:16,280 Speaker 4: think I was twenty one, and it was simply because 66 00:03:16,360 --> 00:03:19,720 Speaker 4: my uncle said to me, jess you're really need to 67 00:03:19,760 --> 00:03:20,600 Speaker 4: start investing. 68 00:03:20,720 --> 00:03:23,640 Speaker 3: So I was like, okay, and then I was like 69 00:03:23,680 --> 00:03:24,560 Speaker 3: what do I pick? 70 00:03:26,200 --> 00:03:28,320 Speaker 4: And I didn't know what on earth I was doing. 71 00:03:29,360 --> 00:03:32,919 Speaker 4: So yeah, back in the day, it was all you. 72 00:03:32,840 --> 00:03:33,799 Speaker 3: Know, over the phone. 73 00:03:34,960 --> 00:03:37,640 Speaker 4: So I, you know, I found a broker and then 74 00:03:37,640 --> 00:03:41,680 Speaker 4: I simply picked up the phone and then I literally, 75 00:03:41,800 --> 00:03:44,280 Speaker 4: you know, was asking my uncle what do I buy? 76 00:03:44,520 --> 00:03:48,080 Speaker 4: And he was like, just buy, just buy one of 77 00:03:48,120 --> 00:03:50,040 Speaker 4: the biggest companies that you can think of, Like what 78 00:03:50,120 --> 00:03:50,720 Speaker 4: can you think of? 79 00:03:51,240 --> 00:03:52,640 Speaker 3: And that was probably. 80 00:03:53,720 --> 00:03:56,720 Speaker 4: You know, like the antithesis of you know, stock picking, 81 00:03:56,840 --> 00:04:01,280 Speaker 4: like becoming observational and then thinking about what I could 82 00:04:01,360 --> 00:04:04,840 Speaker 4: possibly invest in. That resonated with me. So I don't know, 83 00:04:04,880 --> 00:04:06,720 Speaker 4: that probably doesn't really answer your question. 84 00:04:07,760 --> 00:04:09,040 Speaker 1: Yeah, no, it does. 85 00:04:09,120 --> 00:04:12,600 Speaker 2: I mean, you know, it's so interesting you say that 86 00:04:12,680 --> 00:04:16,200 Speaker 2: because the conversations I've had with people who have substantial, 87 00:04:16,320 --> 00:04:21,080 Speaker 2: you know, seven figure even eight figure share portfolios. Most 88 00:04:21,080 --> 00:04:24,039 Speaker 2: of those portfolios were born out of the recommendation of 89 00:04:24,080 --> 00:04:28,120 Speaker 2: a family member who told them the same advice, buy shares, 90 00:04:28,600 --> 00:04:31,680 Speaker 2: buy and hold the shares, and stick with the companies 91 00:04:31,720 --> 00:04:34,200 Speaker 2: that you know, you know, the big blue chip in 92 00:04:34,200 --> 00:04:36,880 Speaker 2: investments and companies that you'll you know, see and use 93 00:04:36,920 --> 00:04:40,560 Speaker 2: every single day, and that seems to be the common denominator. 94 00:04:40,600 --> 00:04:43,480 Speaker 2: So I think, you know, there's something some very wise 95 00:04:43,520 --> 00:04:46,000 Speaker 2: advice that a lot of people have been really appreciative 96 00:04:46,040 --> 00:04:49,039 Speaker 2: that they've heard and actually acted on. Now, obviously the 97 00:04:49,040 --> 00:04:50,800 Speaker 2: world has changed. You know, you don't ring up a 98 00:04:50,800 --> 00:04:53,599 Speaker 2: stockbroker anymore like you know you would in the past. 99 00:04:53,720 --> 00:04:56,680 Speaker 2: There were so many obviously online platforms. What are the 100 00:04:56,680 --> 00:05:00,040 Speaker 2: most sort of first and most important practical steps you 101 00:05:00,040 --> 00:05:02,279 Speaker 2: would recommend that someone take if they want to start 102 00:05:02,320 --> 00:05:05,800 Speaker 2: investing in shares? And you know, obviously you work for 103 00:05:05,880 --> 00:05:08,599 Speaker 2: moomou and obviously moomom is a proud sponsored today's episode. 104 00:05:08,800 --> 00:05:12,640 Speaker 2: How do we make this whole process less intimidating for 105 00:05:12,760 --> 00:05:16,279 Speaker 2: just the average person who just wants to build realistic 106 00:05:16,320 --> 00:05:17,200 Speaker 2: financial freedom. 107 00:05:17,360 --> 00:05:20,000 Speaker 4: So it's a great question. I guess there's many ways 108 00:05:20,040 --> 00:05:23,719 Speaker 4: to answer that. But for people who don't know where 109 00:05:23,760 --> 00:05:27,080 Speaker 4: to start, or they don't know where to begin, I'd 110 00:05:27,080 --> 00:05:32,159 Speaker 4: say just breathe because investing nowadays is so different to 111 00:05:32,200 --> 00:05:34,839 Speaker 4: when you and I first started, like eighteen years ago. 112 00:05:34,880 --> 00:05:35,800 Speaker 3: It was very different. 113 00:05:35,800 --> 00:05:39,720 Speaker 4: It was all physical paper, and now with the advent 114 00:05:39,800 --> 00:05:43,280 Speaker 4: of technology and apps such as ours as mumour, you 115 00:05:43,320 --> 00:05:46,920 Speaker 4: can literally buy a stock that you like, or buy 116 00:05:46,960 --> 00:05:49,240 Speaker 4: a name that you know. So, for example, if you've 117 00:05:49,240 --> 00:05:52,080 Speaker 4: got a smartphone, you can buy shares in Apple with 118 00:05:52,120 --> 00:05:55,720 Speaker 4: as little as five dollars. So there's this thing called 119 00:05:55,800 --> 00:06:00,359 Speaker 4: fractional shares. And I guess my advice would be to 120 00:06:00,480 --> 00:06:05,080 Speaker 4: start out small, invest often and as often as you can, 121 00:06:05,880 --> 00:06:10,839 Speaker 4: and whenever you get a lump some say a tax return, 122 00:06:11,440 --> 00:06:12,960 Speaker 4: then to think about investing in that. 123 00:06:13,200 --> 00:06:16,800 Speaker 2: Yeah, any sort of additional windfalls that do happen to 124 00:06:16,920 --> 00:06:19,239 Speaker 2: everyone in the reut of life, make sure you don't 125 00:06:20,080 --> 00:06:22,159 Speaker 2: if you know, succumb to the lifestyle creep, use that 126 00:06:22,200 --> 00:06:23,640 Speaker 2: to build that portfolio further. 127 00:06:23,920 --> 00:06:24,760 Speaker 3: Yeah. Absolutely. 128 00:06:25,200 --> 00:06:26,800 Speaker 4: And then so a lot of people, a lot of 129 00:06:26,800 --> 00:06:30,960 Speaker 4: my friends and some family members, younger members like cousins, 130 00:06:31,000 --> 00:06:32,480 Speaker 4: They will ask me, how do I how do I 131 00:06:32,520 --> 00:06:35,880 Speaker 4: pick a stock like or how do I actually buy 132 00:06:35,920 --> 00:06:36,320 Speaker 4: a share? 133 00:06:36,920 --> 00:06:38,120 Speaker 3: So after you've set up. 134 00:06:38,000 --> 00:06:41,159 Speaker 4: The app, let's say, if you joined Murmur, you signed up, 135 00:06:41,400 --> 00:06:43,680 Speaker 4: you literally search for the company that you want in 136 00:06:43,720 --> 00:06:48,200 Speaker 4: the search field, and it's as easy as buying you know, nappies. 137 00:06:49,200 --> 00:06:51,520 Speaker 3: With cogs or wool worse app. 138 00:06:51,839 --> 00:06:53,680 Speaker 4: You literally just search for what you want, you click 139 00:06:53,760 --> 00:06:56,679 Speaker 4: buy and then it'll ask you to fund your account 140 00:06:56,800 --> 00:06:59,920 Speaker 4: so you can either buy you know, Apple, or you 141 00:07:00,160 --> 00:07:02,600 Speaker 4: can buy in Video, which is the world's biggest company. 142 00:07:02,640 --> 00:07:05,400 Speaker 4: You can buy that with five dollars and then if 143 00:07:05,440 --> 00:07:07,720 Speaker 4: you want, you just keep on buying into that each 144 00:07:07,760 --> 00:07:12,280 Speaker 4: and every month. So I personally would also recommend that 145 00:07:12,480 --> 00:07:16,040 Speaker 4: people at home or listening to this would use investing 146 00:07:16,280 --> 00:07:19,320 Speaker 4: as a saving tool. That's how I personally did it, 147 00:07:19,680 --> 00:07:22,320 Speaker 4: and that's how I fast track my wealth and got 148 00:07:22,360 --> 00:07:27,000 Speaker 4: a six six figure portfolio as well, because it means 149 00:07:27,000 --> 00:07:30,119 Speaker 4: if you're investing regularly and often, you're also buying into 150 00:07:30,160 --> 00:07:33,480 Speaker 4: the dips, so the markets go up over time. You 151 00:07:33,520 --> 00:07:36,200 Speaker 4: know the S and P five hundred, the world's biggest 152 00:07:36,520 --> 00:07:39,239 Speaker 4: five hundred companies, that's the S and P five hundred. 153 00:07:39,720 --> 00:07:42,680 Speaker 4: That index is up twenty five percent this year, and 154 00:07:42,880 --> 00:07:47,200 Speaker 4: it's had falls throughout the year of like say five percent, 155 00:07:47,240 --> 00:07:50,480 Speaker 4: so it's fallen and then it's rebounded again. But the 156 00:07:50,560 --> 00:07:53,160 Speaker 4: fact that you're investing each and every month, whether it's 157 00:07:53,200 --> 00:07:55,960 Speaker 4: five dollars or one hundred dollars or five hundred dollars, 158 00:07:56,400 --> 00:07:59,360 Speaker 4: you're consistently buying in your dollar cost averaging into the market, 159 00:07:59,480 --> 00:08:02,960 Speaker 4: So you're buying stocks at cheap prices when the market falls. 160 00:08:03,840 --> 00:08:07,440 Speaker 4: So that would be another tip for someone to, yeah, 161 00:08:07,480 --> 00:08:09,520 Speaker 4: to get ahead quicker and sooner. 162 00:08:10,280 --> 00:08:13,840 Speaker 2: I have to say, like that, talking of habits and savings, 163 00:08:13,880 --> 00:08:16,840 Speaker 2: you know that habit of regularly investing on a consistent 164 00:08:16,880 --> 00:08:19,280 Speaker 2: basis and understanding that it is a long term game plan. 165 00:08:19,360 --> 00:08:21,800 Speaker 2: It's not you know, this is money that you're investing 166 00:08:21,840 --> 00:08:24,440 Speaker 2: for your financial future. It's going to be volatile, and 167 00:08:24,560 --> 00:08:27,400 Speaker 2: it's naturally volatile, and it's not necessarily a bad thing. 168 00:08:27,480 --> 00:08:31,480 Speaker 2: But showing up consistently for your financial goals, particularly when 169 00:08:31,520 --> 00:08:34,559 Speaker 2: it comes to investing in shares, is so incredibly important. 170 00:08:34,600 --> 00:08:38,439 Speaker 2: And if you can create that organic habit system, your 171 00:08:38,480 --> 00:08:42,280 Speaker 2: whole journey is so much easier. But also you're increasing 172 00:08:42,280 --> 00:08:46,320 Speaker 2: your opportunities for success. Like on a sort of the 173 00:08:46,400 --> 00:08:50,360 Speaker 2: magnitude level is huge when it come came to you 174 00:08:50,400 --> 00:08:53,400 Speaker 2: actually finding the right investments. Obviously you know your your uncle, 175 00:08:53,440 --> 00:08:59,199 Speaker 2: it was theested like how did you pick the right investments? 176 00:08:59,360 --> 00:09:02,000 Speaker 2: And did you ever get scared that you were going 177 00:09:02,040 --> 00:09:05,320 Speaker 2: to make a bad investment and you know you'd feel 178 00:09:05,320 --> 00:09:07,920 Speaker 2: completely overwhelmed and you know, frozen with fear. 179 00:09:08,440 --> 00:09:10,640 Speaker 1: So the answer is no, I didn't. 180 00:09:10,960 --> 00:09:13,720 Speaker 4: I didn't have a fear because I was so young 181 00:09:14,559 --> 00:09:16,680 Speaker 4: and I was just told to get started. 182 00:09:16,920 --> 00:09:17,800 Speaker 1: Ignorance is bliss. 183 00:09:18,600 --> 00:09:20,040 Speaker 3: Ignorance place. 184 00:09:21,120 --> 00:09:25,400 Speaker 4: But also my family come from a property rich background, 185 00:09:26,080 --> 00:09:29,439 Speaker 4: and you know they preached at the dinner table that 186 00:09:29,520 --> 00:09:32,200 Speaker 4: the property market is very similar to the share market. 187 00:09:32,440 --> 00:09:34,360 Speaker 3: Over time, they go up. 188 00:09:35,040 --> 00:09:39,840 Speaker 4: And so you know, we've had the GFC, we've had 189 00:09:39,880 --> 00:09:44,920 Speaker 4: the financial another significant financial crisis in eighty seven after 190 00:09:45,000 --> 00:09:45,360 Speaker 4: I was. 191 00:09:45,320 --> 00:09:49,080 Speaker 3: Born, and so markets have always recovered. And so if 192 00:09:49,120 --> 00:09:49,600 Speaker 3: we take a. 193 00:09:49,559 --> 00:09:52,360 Speaker 4: Long term approach, my uncles don't just just take a 194 00:09:52,360 --> 00:09:54,560 Speaker 4: long term approach. When the market's down, just buy more 195 00:09:55,120 --> 00:09:56,360 Speaker 4: and that'll fast track you wealth. 196 00:09:56,400 --> 00:09:58,800 Speaker 2: It's like a stock take clear, it's like Black Friday sales, 197 00:09:59,120 --> 00:10:01,960 Speaker 2: jump on board, or able to buy the same quality 198 00:10:02,000 --> 00:10:05,520 Speaker 2: asset but at a substantial discount and obviously access an 199 00:10:05,559 --> 00:10:09,480 Speaker 2: even better yield YEP Absolutely, So what advice would you 200 00:10:09,480 --> 00:10:12,240 Speaker 2: give to beginners who are feeling overwhelmed, you know, by 201 00:10:12,400 --> 00:10:15,440 Speaker 2: that sheer number of options out there, Like would you say, 202 00:10:15,440 --> 00:10:17,080 Speaker 2: all right, stick with something like an EATIR for a 203 00:10:17,080 --> 00:10:19,640 Speaker 2: listed investment company where you've got that immediate diversification and 204 00:10:19,679 --> 00:10:22,320 Speaker 2: a good solid base to build your portfolio from, or 205 00:10:22,559 --> 00:10:24,920 Speaker 2: would you say, no, go and invest in the companies 206 00:10:24,920 --> 00:10:26,760 Speaker 2: that you're familiar with, that you know that you want 207 00:10:26,800 --> 00:10:29,760 Speaker 2: to be a part business owner of. Like, what would 208 00:10:29,760 --> 00:10:33,640 Speaker 2: you recommend people who just stuck in making that initial 209 00:10:33,720 --> 00:10:35,800 Speaker 2: first decision on what to invest in. 210 00:10:36,480 --> 00:10:39,440 Speaker 4: It's a great question, many ways to answer that, but 211 00:10:39,520 --> 00:10:42,800 Speaker 4: I would say what I tell my friends is to 212 00:10:42,920 --> 00:10:45,959 Speaker 4: invest in the company that they know and that they 213 00:10:45,960 --> 00:10:48,600 Speaker 4: can think of. And then they're like, well, I don't 214 00:10:48,600 --> 00:10:50,040 Speaker 4: know what to pick. I don't know what to think of. 215 00:10:50,840 --> 00:10:55,000 Speaker 4: And then so I might refer them to some of 216 00:10:55,040 --> 00:10:59,360 Speaker 4: the things that we've been speaking to Mermo clients about 217 00:11:00,200 --> 00:11:04,200 Speaker 4: investors about. But before I just embark on that, I 218 00:11:04,360 --> 00:11:08,440 Speaker 4: normally tell people how to pick a stock so they can, 219 00:11:08,720 --> 00:11:10,839 Speaker 4: you know, fish for themselves, because I don't just want 220 00:11:10,880 --> 00:11:12,920 Speaker 4: to provide someone on a tip or they shouldn't just 221 00:11:12,920 --> 00:11:16,240 Speaker 4: hear something on the news hear Alan Cole to speak 222 00:11:16,280 --> 00:11:19,160 Speaker 4: on the news. It's not about that. It's about teaching 223 00:11:19,240 --> 00:11:21,480 Speaker 4: people how to fish so that they can comfortably do 224 00:11:21,520 --> 00:11:24,040 Speaker 4: it for themselves and have confidence in that. 225 00:11:24,320 --> 00:11:25,480 Speaker 3: So how do you pick a stock? 226 00:11:25,559 --> 00:11:28,040 Speaker 4: Well, it's really basic, and you can make it as 227 00:11:28,080 --> 00:11:30,160 Speaker 4: complex or as simple as your mindset is. 228 00:11:30,640 --> 00:11:33,760 Speaker 3: So Peter Lynch said, become observational. What does that mean? 229 00:11:33,880 --> 00:11:36,679 Speaker 4: So just be observant what is going what is going 230 00:11:36,760 --> 00:11:39,280 Speaker 4: on the street. If you simply do this, you can 231 00:11:39,320 --> 00:11:43,240 Speaker 4: have a leg up on Wall Street and potentially perform 232 00:11:43,320 --> 00:11:43,720 Speaker 4: the market. 233 00:11:43,800 --> 00:11:44,720 Speaker 3: So what do I mean by that? 234 00:11:44,960 --> 00:11:46,839 Speaker 4: Well, if you see more evs on the street, more 235 00:11:46,840 --> 00:11:50,040 Speaker 4: electric vehicles, more Tesla, maybe that would prompt you for 236 00:11:50,200 --> 00:11:53,040 Speaker 4: hang on a minute. You know, the world, even Australia, 237 00:11:53,080 --> 00:11:56,640 Speaker 4: who's quite behind in EV policies, are increasingly moving to 238 00:11:57,559 --> 00:12:00,960 Speaker 4: you know, push more evs. And then I I go, okay, 239 00:12:01,080 --> 00:12:03,560 Speaker 4: well do I look at Tesla? And then I might 240 00:12:03,640 --> 00:12:06,320 Speaker 4: use an app like Murmur. I'll go on and I'll 241 00:12:06,360 --> 00:12:09,400 Speaker 4: search on our app, on memos app, and then I'll 242 00:12:09,559 --> 00:12:12,439 Speaker 4: literally search for Tesla. And then I want to see 243 00:12:12,600 --> 00:12:15,000 Speaker 4: the next and most important thing that I can about 244 00:12:15,000 --> 00:12:18,040 Speaker 4: the company, not that it's physically out and about in 245 00:12:18,080 --> 00:12:20,720 Speaker 4: front of me physically, but also that it's growing its 246 00:12:20,760 --> 00:12:23,439 Speaker 4: revenue and earnings. And so people say that stock picking 247 00:12:23,520 --> 00:12:24,680 Speaker 4: is gambling, it's not. 248 00:12:25,280 --> 00:12:25,640 Speaker 3: It's not. 249 00:12:26,520 --> 00:12:29,360 Speaker 4: So revenue and earnings drive share price growth. If you 250 00:12:29,520 --> 00:12:32,480 Speaker 4: have a stock in your portfolio that's read, I can 251 00:12:32,559 --> 00:12:36,560 Speaker 4: guarantee that its earnings and revenue might be forming. So 252 00:12:36,760 --> 00:12:40,319 Speaker 4: use memos app as a great example. You can easily 253 00:12:40,360 --> 00:12:43,080 Speaker 4: see on a pictorial format if their revenue and earnings 254 00:12:43,200 --> 00:12:46,360 Speaker 4: are expected to grow. If Wall Street thinks that they're 255 00:12:46,440 --> 00:12:49,000 Speaker 4: going to continue to grow, then that might be a 256 00:12:49,040 --> 00:12:52,160 Speaker 4: really good sign to buy into the company. So stocks 257 00:12:52,160 --> 00:12:55,199 Speaker 4: don't always go up in a straight line. So tip 258 00:12:55,280 --> 00:13:00,160 Speaker 4: hip number three would be to think about buying into pullbacks. 259 00:13:00,920 --> 00:13:03,559 Speaker 4: And also, like the tip number four, would be to 260 00:13:03,640 --> 00:13:08,040 Speaker 4: validate your trend. So validate the sector that you've picked 261 00:13:08,120 --> 00:13:11,880 Speaker 4: rather and validate the stock that you've picked. So if 262 00:13:11,880 --> 00:13:15,920 Speaker 4: you've seen that it's earnings and projected revenue is projected 263 00:13:15,960 --> 00:13:20,560 Speaker 4: to continue to rise over time. Remember earnings drives share 264 00:13:20,559 --> 00:13:23,600 Speaker 4: price growth. Revenue drive share price growth, then you want 265 00:13:23,640 --> 00:13:26,960 Speaker 4: to see, okay, what do investment banks think about this stock? 266 00:13:27,600 --> 00:13:30,439 Speaker 4: What does Morgan, Stanley, Goldman, Sachs, the biggest banks in 267 00:13:30,480 --> 00:13:33,600 Speaker 4: the world, What do they reckon about Tessa? Is it 268 00:13:33,720 --> 00:13:36,160 Speaker 4: shares going to be higher? And twelve months from now, 269 00:13:36,480 --> 00:13:40,000 Speaker 4: If the answer is yes, you've kind of validated and 270 00:13:40,160 --> 00:13:43,800 Speaker 4: given yourself, you know, that confidence boost and that assurance 271 00:13:43,840 --> 00:13:48,160 Speaker 4: that you've actually picked a stock that will probably be 272 00:13:48,280 --> 00:13:51,719 Speaker 4: much higher in a year, five years from now, ten 273 00:13:51,800 --> 00:13:54,679 Speaker 4: years from now. So never invest in a company if 274 00:13:54,720 --> 00:13:58,520 Speaker 4: you don't believe in its long term success. So yeah, 275 00:13:58,760 --> 00:14:01,840 Speaker 4: stock picking stip and then back it up with with 276 00:14:02,040 --> 00:14:04,120 Speaker 4: data for example, from the Moves app. 277 00:14:04,600 --> 00:14:07,400 Speaker 2: People say that, you know, gambling or investing is gambling, 278 00:14:07,440 --> 00:14:11,480 Speaker 2: but it's only gambling when you haven't done your research totally. Now, 279 00:14:11,559 --> 00:14:12,960 Speaker 2: I'm going to ask you a couple of I guess 280 00:14:12,960 --> 00:14:15,400 Speaker 2: personal questions. I want to know, how do you personally 281 00:14:16,000 --> 00:14:19,000 Speaker 2: use the Moomoo app to make your investment decisions as 282 00:14:19,040 --> 00:14:21,680 Speaker 2: to what's the next asset class or not asset class, 283 00:14:21,680 --> 00:14:23,720 Speaker 2: but the next I guess stock you're going to invest in. 284 00:14:24,320 --> 00:14:26,800 Speaker 2: And to be a little bit cheeky under obviously the 285 00:14:28,120 --> 00:14:30,960 Speaker 2: premise of general advice, only what are you investing in 286 00:14:31,040 --> 00:14:33,640 Speaker 2: right now? Like, what's really you know, catching your eye? 287 00:14:34,000 --> 00:14:35,240 Speaker 3: That's a really good question. 288 00:14:36,200 --> 00:14:39,720 Speaker 2: Sorry, it's a little bit cheaky of me your ip, 289 00:14:39,920 --> 00:14:42,760 Speaker 2: But I'm fascinated and I think a lot of people 290 00:14:43,000 --> 00:14:45,720 Speaker 2: you know, introduced to hear what are people investing in 291 00:14:45,800 --> 00:14:46,080 Speaker 2: right now? 292 00:14:46,080 --> 00:14:47,800 Speaker 1: Particularly you know, experts like yourself. 293 00:14:48,600 --> 00:14:52,160 Speaker 4: So my self managed a super fund which I pick 294 00:14:52,240 --> 00:14:56,560 Speaker 4: my own stocks and ETFs. That's I fully managed that myself. 295 00:14:56,560 --> 00:14:58,800 Speaker 4: That's more long term, so I won't talk about that 296 00:14:58,840 --> 00:15:05,320 Speaker 4: one for now, but happy too. It's mainly dividend companies 297 00:15:05,760 --> 00:15:10,680 Speaker 4: long term, thematics, one of which my biggest position is 298 00:15:11,640 --> 00:15:15,800 Speaker 4: a gold company and is Newmont. And my other big 299 00:15:15,840 --> 00:15:20,760 Speaker 4: position is BHP, which is one of Australia's biggest dividend 300 00:15:21,040 --> 00:15:26,240 Speaker 4: payers and also the world's biggest resources company. But that's 301 00:15:26,360 --> 00:15:28,920 Speaker 4: just a tip of the iceberg. But if I think 302 00:15:28,960 --> 00:15:32,680 Speaker 4: about my personal portfolio, just answering your question directly, my 303 00:15:32,840 --> 00:15:37,160 Speaker 4: biggest position is in video. And then the other thing 304 00:15:37,200 --> 00:15:39,840 Speaker 4: that I'm holding that have quite a large position in 305 00:15:40,280 --> 00:15:44,920 Speaker 4: is the world's biggest bitcoin ETF called ib ib it. 306 00:15:46,000 --> 00:15:49,200 Speaker 4: And so why have I invested in those? And how 307 00:15:49,240 --> 00:15:53,040 Speaker 4: would you come about even to think about considering investing 308 00:15:53,080 --> 00:15:57,000 Speaker 4: in those yourself. Well, we spoke about the trend, you know, 309 00:15:57,120 --> 00:16:00,360 Speaker 4: thinking about big picture. Where can you see the world's 310 00:16:00,400 --> 00:16:03,880 Speaker 4: pivoting too, So you might see on the news, you 311 00:16:03,960 --> 00:16:06,920 Speaker 4: might look at Memos app, for example, you might look 312 00:16:06,960 --> 00:16:08,520 Speaker 4: on our featured lists. 313 00:16:09,000 --> 00:16:11,480 Speaker 3: So if you click on. 314 00:16:10,680 --> 00:16:13,640 Speaker 4: On markets on the Market's tap on our app and 315 00:16:13,680 --> 00:16:17,080 Speaker 4: then you click on us, We've got a section that's 316 00:16:17,120 --> 00:16:22,800 Speaker 4: called heat list, and this basically illustrates the most talked 317 00:16:22,840 --> 00:16:26,400 Speaker 4: about stocks and the most traded stocks on Murmos platform, 318 00:16:26,840 --> 00:16:29,560 Speaker 4: and number one is in VideA. That's my biggest position 319 00:16:29,720 --> 00:16:32,320 Speaker 4: in my portfolio. And as we were saying earlier, that 320 00:16:32,440 --> 00:16:35,720 Speaker 4: is the world's biggest company. And so last week they 321 00:16:35,960 --> 00:16:41,280 Speaker 4: reported their revenue grew ninety four percent. So remember speaking 322 00:16:41,320 --> 00:16:44,760 Speaker 4: about earnings growth and revenue growth drive share price growth. 323 00:16:45,000 --> 00:16:48,600 Speaker 4: So in VideA is actually not only the world's biggest company, 324 00:16:48,600 --> 00:16:51,520 Speaker 4: but they're growing their earnings at ninety four percent, which 325 00:16:51,560 --> 00:16:54,120 Speaker 4: is astronomical. There's no other company of this size in 326 00:16:54,160 --> 00:16:57,080 Speaker 4: the world like it that's growing their revenue by that much. 327 00:16:58,000 --> 00:16:59,880 Speaker 4: And because of that, they've been able to be a 328 00:17:00,080 --> 00:17:03,880 Speaker 4: top performer on the New York Stock Exchange. And so 329 00:17:04,000 --> 00:17:06,240 Speaker 4: if you invested in them in the beginning of the year, 330 00:17:06,720 --> 00:17:09,240 Speaker 4: your shares would have gone up by about one hundred 331 00:17:09,240 --> 00:17:14,399 Speaker 4: and seventy four percent. So that's an example of a 332 00:17:14,440 --> 00:17:17,920 Speaker 4: stock that's in my portfolio. So then the question might be, 333 00:17:18,240 --> 00:17:20,760 Speaker 4: could you use memos app to kind of validate is 334 00:17:20,800 --> 00:17:21,640 Speaker 4: it too late. 335 00:17:21,440 --> 00:17:23,560 Speaker 3: To buy in Yeah, well the answer is no. 336 00:17:24,119 --> 00:17:26,520 Speaker 4: So if you go onto the if you go onto 337 00:17:26,520 --> 00:17:29,359 Speaker 4: that heatless section, and then you were to click on 338 00:17:29,680 --> 00:17:33,320 Speaker 4: in Video, a click on the company section and you 339 00:17:33,480 --> 00:17:37,720 Speaker 4: scroll down and then you'd have a look and you'd 340 00:17:37,760 --> 00:17:41,680 Speaker 4: see that it's revenue and earnings are projected to continue 341 00:17:41,720 --> 00:17:45,679 Speaker 4: to grow. And so Jensen Wong actually said, the CEO 342 00:17:45,760 --> 00:17:49,960 Speaker 4: of the company, so that they're seeing unprecedented growth for 343 00:17:50,040 --> 00:17:54,640 Speaker 4: their latest fandangle chip. It's called Blackwell, but they're saying 344 00:17:54,720 --> 00:17:58,280 Speaker 4: unprecedented growth from the world's biggest company. So you don't 345 00:17:58,280 --> 00:18:00,600 Speaker 4: have to reinvent the rule book, you don't need to 346 00:18:00,800 --> 00:18:05,199 Speaker 4: search for stock tips. But what's really assuring to me 347 00:18:05,560 --> 00:18:09,400 Speaker 4: is that forty percent of in Video's revenue is actually 348 00:18:10,040 --> 00:18:15,080 Speaker 4: underpinned reoccurring from the world's biggest companies. So the world's 349 00:18:15,080 --> 00:18:21,959 Speaker 4: biggest companies are buying in video chips, So Microsoft, Meta, Amazon, Alphabet, 350 00:18:22,280 --> 00:18:25,080 Speaker 4: which is the owner of Google, so they make up 351 00:18:25,119 --> 00:18:28,000 Speaker 4: forty percent of Invidia's chips, and they're buying more and 352 00:18:28,119 --> 00:18:31,840 Speaker 4: more chips every single year. So if you're looking for 353 00:18:31,880 --> 00:18:34,280 Speaker 4: a stock pick, you don't have to go far. Look 354 00:18:34,280 --> 00:18:37,119 Speaker 4: at the world's biggest company when it shares pullback, and 355 00:18:37,160 --> 00:18:39,800 Speaker 4: there will be pullbacks. Remembering stocks don't go up in 356 00:18:39,840 --> 00:18:45,960 Speaker 4: a straight line, so buy into the pullback. And I'm 357 00:18:45,960 --> 00:18:48,000 Speaker 4: not a betting person, but I can say you might 358 00:18:48,040 --> 00:18:49,640 Speaker 4: guarantee that their shares. 359 00:18:49,320 --> 00:18:52,280 Speaker 3: Will be higher in twelve months from now. 360 00:18:52,880 --> 00:18:57,359 Speaker 4: And that's because yeah, that's because like two hundred billion 361 00:18:57,400 --> 00:19:01,320 Speaker 4: dollars has been touted to be spent in Nvidia from 362 00:19:01,440 --> 00:19:04,480 Speaker 4: these companies that we spoke about, those magnificent seven companies. 363 00:19:05,040 --> 00:19:07,679 Speaker 2: Gosh, look a reminder everyone that this is obviously not 364 00:19:07,720 --> 00:19:10,360 Speaker 2: product device. You've got to use, do your research beforehand, 365 00:19:10,400 --> 00:19:14,440 Speaker 2: and obviously understand your situation and obviously the timeframe available 366 00:19:14,480 --> 00:19:16,400 Speaker 2: to invest. But we're going to take a very quick 367 00:19:16,440 --> 00:19:17,920 Speaker 2: break because I want to really want to talk about 368 00:19:18,000 --> 00:19:21,320 Speaker 2: empowering I guess the baby investors, the new investors, the 369 00:19:21,320 --> 00:19:23,080 Speaker 2: ones that are still stuck. 370 00:19:23,520 --> 00:19:24,720 Speaker 1: So we'll take a quick. 371 00:19:24,520 --> 00:19:28,400 Speaker 2: Break and talk about something that makes investing simple accessible 372 00:19:28,520 --> 00:19:31,200 Speaker 2: for everyone, and that is Moomom. With moomoom, you can 373 00:19:31,240 --> 00:19:34,359 Speaker 2: trade over twenty two thousand shares, ETFs and more across 374 00:19:34,400 --> 00:19:37,680 Speaker 2: the ax US and Hong Kong markets with low fees 375 00:19:37,720 --> 00:19:40,880 Speaker 2: and great tools designed to help you make confident investing decisions. 376 00:19:40,880 --> 00:19:43,240 Speaker 2: And if you ever get stuck, Moo's twenty four or 377 00:19:43,280 --> 00:19:45,679 Speaker 2: five customer supporter is here. To help guide you, and 378 00:19:45,760 --> 00:19:49,879 Speaker 2: the apps vibrant community will inspire you, led by experts 379 00:19:49,880 --> 00:19:52,680 Speaker 2: such as Jessica and Michael, who you will meet in 380 00:19:52,720 --> 00:19:56,240 Speaker 2: the following episode. This offers live stream and insights to 381 00:19:56,280 --> 00:19:59,480 Speaker 2: help keep you informed as an educated investor. It is 382 00:19:59,520 --> 00:20:02,320 Speaker 2: no oneder that mumu is backed by a Nasdaq list 383 00:20:02,359 --> 00:20:05,520 Speaker 2: of companies with a market cap of over ten billion 384 00:20:05,720 --> 00:20:09,000 Speaker 2: US dollars and has earned rec mission from Cancer for 385 00:20:09,200 --> 00:20:12,760 Speaker 2: it's outstanding value. So if you're ready to invest, download 386 00:20:12,760 --> 00:20:15,320 Speaker 2: the Mumu app today and join a community that supports 387 00:20:15,400 --> 00:20:27,320 Speaker 2: your financial growth and dreams. Jessica, thank you so much 388 00:20:27,359 --> 00:20:28,840 Speaker 2: for being on the show, And I really want to 389 00:20:28,840 --> 00:20:31,959 Speaker 2: continue on our conversation about just really empowering people out 390 00:20:32,000 --> 00:20:35,520 Speaker 2: there to take their financial future seriously and start investing, 391 00:20:35,560 --> 00:20:38,880 Speaker 2: because you and I both know that saving isn't going 392 00:20:38,920 --> 00:20:41,800 Speaker 2: to get you to where you want to be long term. 393 00:20:41,840 --> 00:20:43,399 Speaker 2: It's not going to keep you that give you that 394 00:20:43,440 --> 00:20:48,640 Speaker 2: longevity and that stability with inflation and the rising cost 395 00:20:48,720 --> 00:20:51,000 Speaker 2: of living. So what I want to talk about is 396 00:20:51,040 --> 00:20:55,200 Speaker 2: actually finding that inner confidence to actually do this, and 397 00:20:55,240 --> 00:20:57,560 Speaker 2: a lot of people sort of are so scared of 398 00:20:57,600 --> 00:21:03,000 Speaker 2: making mistakes. What is your for actually building your confidence 399 00:21:03,200 --> 00:21:05,720 Speaker 2: as a big as a let's call them a beginner investor, 400 00:21:06,280 --> 00:21:09,359 Speaker 2: and overcoming that fear of losing money because you know, 401 00:21:10,480 --> 00:21:12,840 Speaker 2: we always have to remind people that obviously investing is 402 00:21:13,200 --> 00:21:15,280 Speaker 2: you know, it's a long term game plan. There are risks, 403 00:21:15,280 --> 00:21:17,760 Speaker 2: there is you know, a high level of volatility. You 404 00:21:17,800 --> 00:21:20,400 Speaker 2: know that can get cues. People often stuck and they're 405 00:21:20,400 --> 00:21:23,560 Speaker 2: missing obviously the opportunity. So I guess what would you 406 00:21:23,600 --> 00:21:26,720 Speaker 2: say to that person who is hearing all these different 407 00:21:26,720 --> 00:21:30,720 Speaker 2: things but can't find I guess the faith and the 408 00:21:30,760 --> 00:21:32,520 Speaker 2: hope in themselves to actually do this. 409 00:21:33,880 --> 00:21:37,280 Speaker 4: So just start, So start now, but start small, and 410 00:21:37,320 --> 00:21:40,639 Speaker 4: then once you see how much your investment has gone 411 00:21:40,720 --> 00:21:44,560 Speaker 4: up by let's say, for example, or if you picked 412 00:21:44,600 --> 00:21:48,480 Speaker 4: to buy you if you bought a stock tomorrow, we'd 413 00:21:48,480 --> 00:21:52,119 Speaker 4: say five dollars. Taking that start small approach, using the 414 00:21:52,160 --> 00:21:53,120 Speaker 4: fractional shares. 415 00:21:53,560 --> 00:21:54,520 Speaker 3: Have you bought five. 416 00:21:54,359 --> 00:21:56,520 Speaker 4: Dollars of Nvideo or if you bought five dollars of 417 00:21:56,560 --> 00:22:00,359 Speaker 4: Tesla and then you didn't look at your portfolio for 418 00:22:00,400 --> 00:22:02,680 Speaker 4: a couple of months, come back and look at it 419 00:22:03,040 --> 00:22:06,600 Speaker 4: and if it's gone up by say five percent, six percent, 420 00:22:07,119 --> 00:22:09,480 Speaker 4: then you might have that assurance like Okay, I think. 421 00:22:09,520 --> 00:22:13,840 Speaker 3: I think I know what I'm doing. And maybe even. 422 00:22:13,720 --> 00:22:16,520 Speaker 4: If you looked at it, say in six months from now, 423 00:22:17,240 --> 00:22:20,439 Speaker 4: then then then also you might get that assurance. But 424 00:22:20,640 --> 00:22:23,200 Speaker 4: even if you didn't want to stop pick, like why 425 00:22:23,240 --> 00:22:26,239 Speaker 4: would you stop pick when you wouldn't trust where the 426 00:22:26,240 --> 00:22:29,000 Speaker 4: most funds in the world are, and that's in the 427 00:22:29,080 --> 00:22:33,280 Speaker 4: S and P five hundred, the world's biggest ETF called SPY. 428 00:22:34,320 --> 00:22:35,360 Speaker 3: If you invested in. 429 00:22:35,359 --> 00:22:38,440 Speaker 4: That earlier in the year and you put in five dollars, 430 00:22:38,520 --> 00:22:41,040 Speaker 4: it'd be up by twenty six percent by now. So 431 00:22:42,000 --> 00:22:45,320 Speaker 4: if you just even took that, you know, keep it 432 00:22:45,400 --> 00:22:51,280 Speaker 4: simple approach, put in five dollars, you probably will Probably 433 00:22:51,320 --> 00:22:54,520 Speaker 4: there's a ninety nine percent chance if you invest five 434 00:22:54,560 --> 00:22:56,760 Speaker 4: dollars today, it's probably going to be higher in six 435 00:22:56,800 --> 00:23:00,600 Speaker 4: months from now. So start small, build up your confidence 436 00:23:00,640 --> 00:23:02,520 Speaker 4: that way and go okay, cool, and I see what 437 00:23:02,520 --> 00:23:04,000 Speaker 4: I'm doing definitely. 438 00:23:04,040 --> 00:23:06,120 Speaker 2: And also I think in between those periods of times 439 00:23:06,160 --> 00:23:08,120 Speaker 2: where you're ready to invest again, like make sure you're 440 00:23:08,200 --> 00:23:11,159 Speaker 2: educating yourself like read you know, the movie app I 441 00:23:11,160 --> 00:23:13,159 Speaker 2: think is one of the best apps I've come across. 442 00:23:13,200 --> 00:23:15,600 Speaker 2: You know, there's so much information, But more importantly, it's 443 00:23:15,600 --> 00:23:18,480 Speaker 2: not intimidating, it's very easy to read, it's very easy 444 00:23:18,480 --> 00:23:21,840 Speaker 2: to understand. Like, you invest five dollars, close off, you know, 445 00:23:21,880 --> 00:23:24,040 Speaker 2: don't look at your portfolio, and in the meantime, for 446 00:23:24,040 --> 00:23:26,679 Speaker 2: the next two three months, keep learning, keep learning. And 447 00:23:26,720 --> 00:23:29,600 Speaker 2: I'm always learning all the time. It doesn't stop. And 448 00:23:29,640 --> 00:23:31,160 Speaker 2: then when you feel like, Okay, I feel a bit 449 00:23:31,200 --> 00:23:33,400 Speaker 2: more confident about what I'm doing and you've got another 450 00:23:33,440 --> 00:23:35,720 Speaker 2: five dollars ready to invest, do it again. As that 451 00:23:35,720 --> 00:23:38,520 Speaker 2: that consistency and that habit system is just is so 452 00:23:38,600 --> 00:23:41,160 Speaker 2: powerful and it really does get you sort of on 453 00:23:41,200 --> 00:23:44,960 Speaker 2: your way. Can can we talk about just mistakes, because 454 00:23:44,960 --> 00:23:47,600 Speaker 2: that you know, I know I've made plenty of investing mistakes. 455 00:23:47,600 --> 00:23:49,840 Speaker 2: I don't think there's a perfect investor out there, and 456 00:23:49,880 --> 00:23:51,840 Speaker 2: I think we people learned to understand, you know, I 457 00:23:51,840 --> 00:23:54,440 Speaker 2: think people wait until everything's perfect before they actually make 458 00:23:54,480 --> 00:23:58,000 Speaker 2: that leap. But of course that scenario doesn't exist. What 459 00:23:58,080 --> 00:24:00,640 Speaker 2: are some of the mistakes you've made when it investing 460 00:24:00,720 --> 00:24:04,600 Speaker 2: or challenges that you've had to really overcome and what 461 00:24:04,720 --> 00:24:07,640 Speaker 2: did you take away from those experiences? 462 00:24:08,440 --> 00:24:11,000 Speaker 4: So I think, for me, to be completely honest, one 463 00:24:11,040 --> 00:24:13,920 Speaker 4: of the biggest mistakes that I've ever had is being greedy. 464 00:24:14,720 --> 00:24:18,200 Speaker 4: And so Warren Buffett talks about talks about this a lot. 465 00:24:18,320 --> 00:24:21,720 Speaker 4: He said, you need to be fearful when others are greedy, 466 00:24:21,720 --> 00:24:23,040 Speaker 4: and greedy when others are fearful. 467 00:24:23,040 --> 00:24:23,640 Speaker 3: What does that mean? 468 00:24:24,160 --> 00:24:26,600 Speaker 4: So when you see the stock market, let's say, for example, 469 00:24:26,640 --> 00:24:29,840 Speaker 4: in video earlier this year, its stock was down twenty percent, 470 00:24:30,760 --> 00:24:33,520 Speaker 4: but when it was down ten percent, then there was 471 00:24:33,600 --> 00:24:34,200 Speaker 4: max fear. 472 00:24:34,320 --> 00:24:37,240 Speaker 3: People start to sell more. People start to sell more. 473 00:24:37,680 --> 00:24:40,320 Speaker 4: And then in video from peak to trough it was 474 00:24:40,359 --> 00:24:44,240 Speaker 4: down twenty percent. People were panicking. But that's actually not 475 00:24:44,280 --> 00:24:47,200 Speaker 4: what the investment will do. That people will manage money 476 00:24:47,240 --> 00:24:50,600 Speaker 4: for a living. They're buying, they're buying into that stock 477 00:24:51,040 --> 00:24:54,359 Speaker 4: when it continues to fall, they're buying it at cheaper prices, 478 00:24:54,880 --> 00:24:57,840 Speaker 4: believing in the long term narrative. And I think if 479 00:24:57,840 --> 00:25:00,280 Speaker 4: we go back to what you were saying, if you're 480 00:25:00,400 --> 00:25:03,960 Speaker 4: upskilling yourself, if you're in if you're learning along the way, 481 00:25:04,280 --> 00:25:08,560 Speaker 4: if you're using memos app, our app actually gives access 482 00:25:08,600 --> 00:25:13,480 Speaker 4: to tools and to news websites that traditionally you might. 483 00:25:13,359 --> 00:25:15,760 Speaker 3: Have to pay for. So we'll give you access to. 484 00:25:15,760 --> 00:25:19,200 Speaker 4: Dale Jones Newswise, We'll give you access to Bloomberg, for example, 485 00:25:19,640 --> 00:25:20,200 Speaker 4: so you can. 486 00:25:20,119 --> 00:25:22,360 Speaker 3: Actually read what people what Wall. 487 00:25:22,119 --> 00:25:24,840 Speaker 4: Street are saying about in video, and then that can 488 00:25:24,880 --> 00:25:27,760 Speaker 4: give you that assurance that, Okay, even though the stock 489 00:25:27,880 --> 00:25:31,520 Speaker 4: is falling, I might be buying more. So that would 490 00:25:31,560 --> 00:25:37,080 Speaker 4: be another mistake that I might have so selling and 491 00:25:37,160 --> 00:25:41,440 Speaker 4: believing that we might not see a recovery. So what 492 00:25:41,520 --> 00:25:45,800 Speaker 4: happened earlier in the year was there were credit crunch 493 00:25:45,880 --> 00:25:49,600 Speaker 4: concerns picking up, and people were worry that Japan raised 494 00:25:49,600 --> 00:25:52,600 Speaker 4: their interest rates for the first time in seventeen years, 495 00:25:52,840 --> 00:25:55,240 Speaker 4: and it was going to cause a stock market globally 496 00:25:55,320 --> 00:25:59,520 Speaker 4: to collapse. And then the S and P five hundred fell, 497 00:26:00,440 --> 00:26:05,600 Speaker 4: and then the Nasdaq fell, Australia's market fell, and lots 498 00:26:05,640 --> 00:26:06,679 Speaker 4: of people were panicking. 499 00:26:07,320 --> 00:26:10,680 Speaker 3: I sold some of my shares. I sold some of my. 500 00:26:10,640 --> 00:26:12,760 Speaker 4: Shares, but I was still up because I bought it 501 00:26:12,800 --> 00:26:15,200 Speaker 4: a much cheaper price. But I just wasn't sure how 502 00:26:15,240 --> 00:26:17,480 Speaker 4: long the four would go for. So I wanted to 503 00:26:17,560 --> 00:26:18,200 Speaker 4: de risk. 504 00:26:18,359 --> 00:26:21,320 Speaker 2: And I say that noise, but you know, Harry heinsit 505 00:26:21,359 --> 00:26:23,959 Speaker 2: never made a bad decision. If the market obviously had 506 00:26:24,000 --> 00:26:27,159 Speaker 2: fallen and continue on falling, selling was a smart idea. 507 00:26:27,320 --> 00:26:30,120 Speaker 4: Yeah, So I think We make lots of mistakes along 508 00:26:30,160 --> 00:26:33,679 Speaker 4: the way, but it's about how quickly you adapt, and 509 00:26:33,720 --> 00:26:37,320 Speaker 4: it's the opportunity costs. So another mistake would be that 510 00:26:37,840 --> 00:26:41,240 Speaker 4: I didn't buy more because I bought back in right, 511 00:26:41,480 --> 00:26:42,000 Speaker 4: I bought. 512 00:26:42,560 --> 00:26:44,760 Speaker 3: I bought stocks when the market had fallen. 513 00:26:45,359 --> 00:26:49,280 Speaker 4: So the US SMP five hundred, the biggest five hundred 514 00:26:49,280 --> 00:26:54,040 Speaker 4: stocks that fell about seven percent, The Nasdaq fell pretty heavily, 515 00:26:54,520 --> 00:26:58,440 Speaker 4: Some big tex Tex stocks fell very, very very heavily 516 00:26:58,520 --> 00:27:04,040 Speaker 4: down twenty percent. So yeah, mistake one not buying more 517 00:27:04,080 --> 00:27:07,560 Speaker 4: when the chips were down, tongue in cheek. And then 518 00:27:07,600 --> 00:27:11,760 Speaker 4: another mistake was also being greedy, like I was saying initially. 519 00:27:13,320 --> 00:27:17,919 Speaker 4: So once I've got a stock in my portfolio and 520 00:27:17,960 --> 00:27:20,320 Speaker 4: I can literally see it because on the Momo app, 521 00:27:20,359 --> 00:27:22,320 Speaker 4: it tells you how much your stock is up by. 522 00:27:22,720 --> 00:27:24,679 Speaker 4: If I see one of my positions is up by 523 00:27:24,720 --> 00:27:27,919 Speaker 4: twenty percent, then I'll come back and look at it 524 00:27:27,960 --> 00:27:30,719 Speaker 4: next week. It might be on the up by thirteen percent. 525 00:27:31,359 --> 00:27:33,960 Speaker 4: So the reason I didn't take and sell some of that, 526 00:27:34,760 --> 00:27:38,400 Speaker 4: if I'm taking a trading approach not investing, is because 527 00:27:38,440 --> 00:27:41,399 Speaker 4: I was greedy. So I missed out on seven percent, 528 00:27:42,400 --> 00:27:47,040 Speaker 4: so I could have taken taken seven percent of my 529 00:27:47,080 --> 00:27:49,800 Speaker 4: gains off the table, and then that I could use 530 00:27:49,840 --> 00:27:50,480 Speaker 4: that to pay. 531 00:27:50,320 --> 00:27:52,000 Speaker 3: For a holiday. 532 00:27:52,119 --> 00:27:56,679 Speaker 4: So yeah, different things. There's always there's always so many scenarios. 533 00:27:56,720 --> 00:27:58,760 Speaker 3: It depends on your strategy and. 534 00:27:58,720 --> 00:28:01,560 Speaker 4: What you're really looking to do, like build long term 535 00:28:01,600 --> 00:28:05,080 Speaker 4: world but also maybe generate passive income. You can do 536 00:28:05,160 --> 00:28:08,520 Speaker 4: both of those things from investing and trading. It just 537 00:28:08,560 --> 00:28:10,479 Speaker 4: really depends on what you want to do. 538 00:28:10,680 --> 00:28:13,280 Speaker 2: Yeah, talking of what you want to do, what do 539 00:28:13,320 --> 00:28:15,679 Speaker 2: you do once you've bought your first parlicle of shares? 540 00:28:15,680 --> 00:28:17,159 Speaker 1: You know, what would you know? 541 00:28:17,359 --> 00:28:18,879 Speaker 2: I've spoken to some people and they're like, yeah, I've 542 00:28:18,880 --> 00:28:20,879 Speaker 2: bought my first parcel of shares. I'm now an investor. 543 00:28:20,920 --> 00:28:22,240 Speaker 2: I'm like, great, what are you going to do next? 544 00:28:22,320 --> 00:28:23,840 Speaker 2: I'm like, oh, I don't need to one now an investor, 545 00:28:23,840 --> 00:28:25,800 Speaker 2: I'm like no, No. As we've spoken about, you need 546 00:28:25,840 --> 00:28:28,879 Speaker 2: to consistently contribute. You need to review your portfolio, you 547 00:28:28,920 --> 00:28:31,919 Speaker 2: need to build it for it's diversified. What would you 548 00:28:31,960 --> 00:28:34,560 Speaker 2: recommend someone does who's for example, you know, just bought 549 00:28:34,880 --> 00:28:37,879 Speaker 2: an ETF for example, Like where do they go to 550 00:28:37,960 --> 00:28:40,680 Speaker 2: from there? I mean, what is your I guess general 551 00:28:40,720 --> 00:28:44,440 Speaker 2: advice to make sure that they are actually building financial 552 00:28:44,440 --> 00:28:47,240 Speaker 2: freedom for themselves. And what tools would you recommend to 553 00:28:47,240 --> 00:28:50,120 Speaker 2: help ensure people are building a diversified portfolio, because no 554 00:28:50,120 --> 00:28:52,560 Speaker 2: one talks about diversification these days. 555 00:28:53,120 --> 00:28:56,600 Speaker 4: That's a great question. So on our app you can 556 00:28:56,800 --> 00:29:00,160 Speaker 4: explore different investment themes. So just to answer that the 557 00:29:00,200 --> 00:29:03,760 Speaker 4: second part of your question about diversification, so you can 558 00:29:03,760 --> 00:29:08,080 Speaker 4: actually see what is doing particularly well in the stock market. 559 00:29:08,280 --> 00:29:10,480 Speaker 4: And so for example, you can see that the US 560 00:29:10,560 --> 00:29:15,400 Speaker 4: election investment theme is gaining a lot of popularity. So 561 00:29:15,440 --> 00:29:22,560 Speaker 4: with Trump being inaugurated on the twentieth of January, you 562 00:29:22,600 --> 00:29:24,920 Speaker 4: can click on that and you can see what stocks 563 00:29:24,920 --> 00:29:29,240 Speaker 4: are doing really well. What investors in MUMU. By the way, 564 00:29:29,280 --> 00:29:33,120 Speaker 4: we've got twenty three million. There's twenty three million globally, 565 00:29:33,280 --> 00:29:37,160 Speaker 4: so you can actually see also if they share their trades, 566 00:29:37,200 --> 00:29:39,560 Speaker 4: what they're buying and selling, and some of them might 567 00:29:39,600 --> 00:29:43,480 Speaker 4: disclose what stocks are in and how much profit they've made, etc. 568 00:29:44,280 --> 00:29:45,600 Speaker 3: But you can actually see. 569 00:29:45,400 --> 00:29:49,920 Speaker 4: Going back to that investment theme, what stocks should also 570 00:29:49,960 --> 00:29:52,520 Speaker 4: be on your radar. So you can see at the top, 571 00:29:52,600 --> 00:29:56,120 Speaker 4: you can see Tesla is doing particularly well. So you 572 00:29:56,200 --> 00:30:01,120 Speaker 4: could argue that Tesla is the biggest benefit factor of 573 00:30:01,200 --> 00:30:03,720 Speaker 4: Trump getting into the White House. And there's a good 574 00:30:03,760 --> 00:30:06,520 Speaker 4: reason for that. It's not just because Trump, Trump and 575 00:30:06,560 --> 00:30:08,480 Speaker 4: Elon Musk are our best bods. 576 00:30:08,160 --> 00:30:09,640 Speaker 3: Apparently for the timeing. 577 00:30:10,040 --> 00:30:12,600 Speaker 4: Yeah, for the time being. But it also means that, 578 00:30:13,080 --> 00:30:17,160 Speaker 4: you know, Elon Musk's Tesla can actually wave through these 579 00:30:17,840 --> 00:30:21,640 Speaker 4: key catalysts that are likely to drive Tesla shares higher, 580 00:30:21,920 --> 00:30:25,800 Speaker 4: so self driving, full self driving and also the cyber cab. 581 00:30:26,160 --> 00:30:29,200 Speaker 4: And so once we get those approved in the US, 582 00:30:29,480 --> 00:30:32,600 Speaker 4: all they needed was regulatory approval, then that means that 583 00:30:32,640 --> 00:30:37,120 Speaker 4: tess THEA shares could march higher once Elon Musk gets 584 00:30:37,120 --> 00:30:41,280 Speaker 4: at approval from the Doge Department or rather the US 585 00:30:41,400 --> 00:30:44,000 Speaker 4: government at large. But look, I went off on a 586 00:30:44,000 --> 00:30:47,720 Speaker 4: tangent there, but bring it back home. When you're diversifying, 587 00:30:48,000 --> 00:30:50,560 Speaker 4: just have a look at other ways that that you 588 00:30:50,600 --> 00:30:53,920 Speaker 4: can spread your investment assets. And there's a lot to 589 00:30:54,000 --> 00:30:59,000 Speaker 4: be said about, you know, having a concentrated portfolio. Concentrated 590 00:30:59,040 --> 00:31:02,080 Speaker 4: portfolio is the quick way to build wealth. But if 591 00:31:02,120 --> 00:31:05,800 Speaker 4: you don't want to see losses a month in and month. 592 00:31:05,600 --> 00:31:07,680 Speaker 1: Out, volatility and risks. 593 00:31:07,360 --> 00:31:11,400 Speaker 4: And volatility, and you don't want to be checking and 594 00:31:11,440 --> 00:31:14,960 Speaker 4: trading your portfolio, if you're not a trader, then you 595 00:31:15,160 --> 00:31:17,080 Speaker 4: need to be considering diversification. 596 00:31:17,800 --> 00:31:19,000 Speaker 3: And so another. 597 00:31:18,680 --> 00:31:22,520 Speaker 4: Great way to diversify is thinking about all the other 598 00:31:22,640 --> 00:31:26,720 Speaker 4: asset classes. So gold, we know gold has done really 599 00:31:26,720 --> 00:31:31,800 Speaker 4: well this year. Are gold ETFs for example, GLD That 600 00:31:31,880 --> 00:31:35,160 Speaker 4: ETF is the world's biggest holder of gold in the world, 601 00:31:35,280 --> 00:31:38,360 Speaker 4: So it holds seven billion dollars of gold. 602 00:31:38,600 --> 00:31:41,440 Speaker 3: Wow, yeah, seven billion dollars of gold. 603 00:31:41,640 --> 00:31:45,480 Speaker 4: So most investors, when they are looking to diversify their portfolio, 604 00:31:45,640 --> 00:31:48,160 Speaker 4: they might hold US stocks, they might hold AUSIE stocks, 605 00:31:48,440 --> 00:31:51,680 Speaker 4: they might hold some gold as well. So think about, 606 00:31:52,080 --> 00:31:54,480 Speaker 4: you know, not just having higher risk asset but also 607 00:31:54,520 --> 00:31:58,320 Speaker 4: assets that do well when markets go into turbulent times. 608 00:31:58,640 --> 00:32:01,040 Speaker 4: And then also it would be remissive if we didn't 609 00:32:01,040 --> 00:32:04,440 Speaker 4: point out bitcoin. A lot of investment managers are increasingly 610 00:32:04,600 --> 00:32:08,200 Speaker 4: putting some some of investors' funds into bitcoin. 611 00:32:08,720 --> 00:32:10,960 Speaker 3: It might be five percent. 612 00:32:10,640 --> 00:32:13,600 Speaker 4: Of your portfolio. Don't put one hundred percent in your portfolio. 613 00:32:13,600 --> 00:32:16,040 Speaker 4: One hundred percent of your portfolo in bitcoin. All the 614 00:32:16,040 --> 00:32:19,560 Speaker 4: world's biggest etf IBERT don't. Don't do that unless you 615 00:32:19,600 --> 00:32:23,920 Speaker 4: want to see volatility. But think about why bitcoin will 616 00:32:23,920 --> 00:32:26,880 Speaker 4: be higher in twenty twenty five and twenty six and 617 00:32:26,920 --> 00:32:29,720 Speaker 4: twenty seven if the US government makes it a key 618 00:32:29,760 --> 00:32:30,400 Speaker 4: reserve ACCT. 619 00:32:31,560 --> 00:32:33,880 Speaker 1: I mean, it's funny listening to you. I'm like, I 620 00:32:33,920 --> 00:32:35,600 Speaker 1: feel like so dull and boring. 621 00:32:35,680 --> 00:32:39,720 Speaker 2: Like my investment strategy is very much you know, long 622 00:32:39,800 --> 00:32:44,360 Speaker 2: term buy and hold. I very rarely sell, and you know, 623 00:32:44,480 --> 00:32:47,880 Speaker 2: I use a lot of ETFs and listed investment companies 624 00:32:48,080 --> 00:32:50,960 Speaker 2: and then I will sort of cherry pick particular companies 625 00:32:50,960 --> 00:32:53,480 Speaker 2: that I really love, I really want to know have 626 00:32:53,600 --> 00:32:56,720 Speaker 2: a finger in that pie. And I am very much 627 00:32:56,720 --> 00:32:59,160 Speaker 2: someone who's you know, I'm growing my passive income that 628 00:32:59,240 --> 00:33:02,800 Speaker 2: is obviously the dividends, ideally the franked dividends, so that 629 00:33:02,840 --> 00:33:05,480 Speaker 2: I can earn enough money to be able to if 630 00:33:05,520 --> 00:33:07,600 Speaker 2: I want to quit my job. I probably would never 631 00:33:07,680 --> 00:33:09,560 Speaker 2: quit my job because I love what I do and 632 00:33:09,560 --> 00:33:11,880 Speaker 2: I don't view it as work. But it's not by force, 633 00:33:11,920 --> 00:33:14,040 Speaker 2: it's by choice working. And that's my ultimate goal is 634 00:33:14,080 --> 00:33:17,600 Speaker 2: to build you know, a serious six figure passive income 635 00:33:17,600 --> 00:33:21,920 Speaker 2: stream from dividends. Your strategy is a lot more interesting 636 00:33:22,040 --> 00:33:25,000 Speaker 2: and dare I say like sexy, because you know, it's 637 00:33:25,400 --> 00:33:27,560 Speaker 2: you know, living in the moment, you know, finger on 638 00:33:27,600 --> 00:33:30,800 Speaker 2: the pulse at all the time. But more importantly, like 639 00:33:30,920 --> 00:33:33,280 Speaker 2: making sure that you are on the money when it 640 00:33:33,280 --> 00:33:36,040 Speaker 2: comes to knowing what's going on in the market and 641 00:33:36,080 --> 00:33:37,959 Speaker 2: what the trends are. And obviously that's a great thing 642 00:33:37,960 --> 00:33:41,200 Speaker 2: about movie. It gives you just a brilliant source of 643 00:33:41,240 --> 00:33:45,200 Speaker 2: information that's easy to digest. What would you recommend to 644 00:33:45,240 --> 00:33:49,920 Speaker 2: help people really stay focused when it comes to these 645 00:33:50,160 --> 00:33:52,280 Speaker 2: busy times where there is lots of noise. There's lots 646 00:33:52,280 --> 00:33:54,920 Speaker 2: of things happening in the market, you know that those 647 00:33:55,080 --> 00:33:58,280 Speaker 2: high levels of volatility, you know, breaking news and so forth, 648 00:33:58,320 --> 00:34:01,360 Speaker 2: Like what is there? How do you focused on your goals? 649 00:34:01,480 --> 00:34:04,600 Speaker 2: And I guess not have knee jerk reactions or get 650 00:34:04,640 --> 00:34:06,560 Speaker 2: caught up in that herd mentality when it comes to 651 00:34:06,560 --> 00:34:08,160 Speaker 2: your investment decisions, I. 652 00:34:08,200 --> 00:34:10,080 Speaker 4: Think you need to think about your own goals, like 653 00:34:10,120 --> 00:34:13,560 Speaker 4: what are you actually wanting to achieve? So my personal portfolio, 654 00:34:13,680 --> 00:34:16,520 Speaker 4: I take on more risk and I treat that as 655 00:34:16,719 --> 00:34:19,319 Speaker 4: how I can build a side income for myself to 656 00:34:19,360 --> 00:34:22,719 Speaker 4: pay for my older days, to build up, to build 657 00:34:22,800 --> 00:34:24,719 Speaker 4: up money for a deposit for a property. But I 658 00:34:24,719 --> 00:34:27,800 Speaker 4: think about my self managed super fun it looks very different. 659 00:34:28,320 --> 00:34:31,000 Speaker 4: It's very long term. It's with those dividend payers like 660 00:34:31,040 --> 00:34:35,280 Speaker 4: you talked about, so bhps my biggest position, for example, 661 00:34:35,640 --> 00:34:39,040 Speaker 4: a gold stock is my biggest position. So how do 662 00:34:39,040 --> 00:34:41,400 Speaker 4: you kind of turn down the noise? So you just 663 00:34:41,440 --> 00:34:43,720 Speaker 4: need to think about your goals. What are you trying 664 00:34:43,760 --> 00:34:44,320 Speaker 4: to achieve? 665 00:34:44,880 --> 00:34:45,600 Speaker 1: Bring it back to you. 666 00:34:46,160 --> 00:34:46,600 Speaker 3: Yeah. 667 00:34:46,640 --> 00:34:51,399 Speaker 4: Absolutely, everyone has got a different strategy. So I think 668 00:34:51,440 --> 00:34:54,720 Speaker 4: maybe set a target for what you actually want to achieve. 669 00:34:54,960 --> 00:34:56,000 Speaker 3: Write it down. 670 00:34:56,400 --> 00:34:57,759 Speaker 1: And so important to write it down. 671 00:34:57,880 --> 00:34:59,880 Speaker 3: It's yeah, I have a thousand percent agree. 672 00:35:00,160 --> 00:35:02,880 Speaker 4: So whether you're trading, which is what I do with 673 00:35:02,920 --> 00:35:06,719 Speaker 4: my personal portfolio, when I mean in my self managed 674 00:35:06,760 --> 00:35:10,719 Speaker 4: super fund, I'm investing for the long term regardless. You 675 00:35:10,880 --> 00:35:15,080 Speaker 4: need to track your investments, just like you would do 676 00:35:15,239 --> 00:35:17,400 Speaker 4: your tax At the end of the financial year, you 677 00:35:17,480 --> 00:35:20,560 Speaker 4: need to write down your reason for buying a stock, 678 00:35:20,880 --> 00:35:23,880 Speaker 4: buying an ETF, Why did you go into it? Is 679 00:35:23,920 --> 00:35:27,600 Speaker 4: it because the world is phasing out petrol cars by 680 00:35:27,680 --> 00:35:30,840 Speaker 4: twenty fifty? Is that why you bought Tesla? Or is 681 00:35:30,880 --> 00:35:34,160 Speaker 4: that why you bought the ev ETF? Is that why 682 00:35:34,400 --> 00:35:37,880 Speaker 4: has it changed? If it's changed, then you might consider 683 00:35:37,920 --> 00:35:41,560 Speaker 4: that you might consider reviewing that investment, maybe you would 684 00:35:41,640 --> 00:35:44,640 Speaker 4: change it out. But I guarantee you that evs are 685 00:35:44,680 --> 00:35:47,440 Speaker 4: here to Stay is an example. But if the thesis 686 00:35:47,560 --> 00:35:50,040 Speaker 4: changes and the long term trend and your reason for 687 00:35:50,120 --> 00:35:53,600 Speaker 4: buying a stock has changed, then you would consider going 688 00:35:53,680 --> 00:35:56,120 Speaker 4: out of it at the same token as well, kind 689 00:35:56,120 --> 00:36:00,000 Speaker 4: of like if a stock falls heavily. So for example, 690 00:36:00,120 --> 00:36:05,080 Speaker 4: for wise tech Global, wise tech Global is one of Australia's. 691 00:36:04,560 --> 00:36:05,600 Speaker 3: Biggest tech companies. 692 00:36:05,680 --> 00:36:09,600 Speaker 4: If their shares fell and your thesis of the company changed, 693 00:36:09,960 --> 00:36:13,560 Speaker 4: then you might sell it. But would I personally sell 694 00:36:13,600 --> 00:36:15,960 Speaker 4: a company that's got say one hundred percent of its 695 00:36:16,000 --> 00:36:16,839 Speaker 4: money coming in. 696 00:36:16,760 --> 00:36:19,120 Speaker 3: From reoccurring revenue. Probably not. 697 00:36:19,520 --> 00:36:22,600 Speaker 4: It sounds more like Australia's version of a Microsoft if 698 00:36:22,640 --> 00:36:26,680 Speaker 4: I'm honest, So yeah, I may think about maybe even 699 00:36:26,760 --> 00:36:30,400 Speaker 4: buying more when the stock fell. That's just as an example. 700 00:36:30,800 --> 00:36:34,880 Speaker 4: Write down your trades. If it's something changes, think about 701 00:36:35,360 --> 00:36:38,440 Speaker 4: do I need to sell this investment? Should I review it? 702 00:36:38,520 --> 00:36:41,399 Speaker 4: Should I buy more when it's down? If it's if 703 00:36:41,920 --> 00:36:44,800 Speaker 4: your reason the catalyst for going into that stock has changed, 704 00:36:45,160 --> 00:36:49,080 Speaker 4: then like we're saying, consider closing out. There's opportunity costs. 705 00:36:49,120 --> 00:36:53,120 Speaker 4: There's always a ball market somewhere, a long term ballmarket, 706 00:36:53,200 --> 00:36:56,560 Speaker 4: So focus on the long term trends and user spreadsheet. 707 00:36:56,920 --> 00:36:59,040 Speaker 2: Can I ask you just one final question as we 708 00:36:59,160 --> 00:37:01,920 Speaker 2: work towards the end of this episode. You know, when 709 00:37:01,920 --> 00:37:04,200 Speaker 2: I launched Sugar Mama, which was I think ten years ago, 710 00:37:04,480 --> 00:37:06,400 Speaker 2: you know, it was born out of my passion to 711 00:37:06,840 --> 00:37:11,000 Speaker 2: help people with money, and I guess my reason for 712 00:37:11,280 --> 00:37:13,880 Speaker 2: I guess empowering people to take their financial future seriously 713 00:37:13,920 --> 00:37:15,520 Speaker 2: is the one area of our life where we actually 714 00:37:15,520 --> 00:37:18,520 Speaker 2: have so much more control than we realize, and it 715 00:37:18,560 --> 00:37:21,799 Speaker 2: takes just the simplest little things first to really have 716 00:37:21,920 --> 00:37:24,719 Speaker 2: a profound impact and improving our sense of financial wellbeing. 717 00:37:25,360 --> 00:37:28,120 Speaker 2: In your opinion, why do you think it is so 718 00:37:28,239 --> 00:37:33,960 Speaker 2: important for Australians to take their own financial wellbeing seriously 719 00:37:34,080 --> 00:37:39,759 Speaker 2: and more importantly, to actually stop lingering around the elementary 720 00:37:39,840 --> 00:37:43,759 Speaker 2: level of saving, but actually move into investing, even if 721 00:37:43,760 --> 00:37:45,360 Speaker 2: it's just you know, as you said, the small amount 722 00:37:45,360 --> 00:37:48,520 Speaker 2: through you know, the fractional investing. Why is it so 723 00:37:48,800 --> 00:37:49,760 Speaker 2: important today? 724 00:37:50,560 --> 00:37:53,840 Speaker 4: Investing can change your life. There's no ifs, there's no butts, 725 00:37:53,880 --> 00:37:57,120 Speaker 4: there's no maybes. Investing will change your life and all 726 00:37:57,160 --> 00:38:01,320 Speaker 4: it takes is one investment or one company to really 727 00:38:01,360 --> 00:38:04,520 Speaker 4: transform your life and really fast track your wealth. You 728 00:38:04,520 --> 00:38:07,319 Speaker 4: can get ahead financially quicker, You can get on the 729 00:38:07,360 --> 00:38:09,920 Speaker 4: property ladder quicker. If that's what you want to do, 730 00:38:10,040 --> 00:38:13,840 Speaker 4: you can retire earlier. Whatever it is, investing can fast 731 00:38:13,880 --> 00:38:15,960 Speaker 4: track your way to financial freedom. 732 00:38:16,320 --> 00:38:19,040 Speaker 2: And finally, what is the last piece of advice or 733 00:38:19,160 --> 00:38:21,000 Speaker 2: I guess you could say, maybe encouragement that you'd like 734 00:38:21,040 --> 00:38:23,480 Speaker 2: to leave our listeners with who are thinking about starting 735 00:38:23,480 --> 00:38:24,800 Speaker 2: their investing journey today. 736 00:38:25,200 --> 00:38:28,600 Speaker 4: Invest today, start small, Invest as often as you can 737 00:38:28,760 --> 00:38:31,000 Speaker 4: and with as much as you can, because you're investing 738 00:38:31,000 --> 00:38:35,040 Speaker 4: in you and a future you, and investing today and 739 00:38:35,080 --> 00:38:38,080 Speaker 4: reoccurring on an ongoing basis is the best way to 740 00:38:38,120 --> 00:38:39,400 Speaker 4: shore up your future self. 741 00:38:39,719 --> 00:38:42,160 Speaker 2: I couldn't agree more. Thank you so much for coming in. 742 00:38:42,719 --> 00:38:44,600 Speaker 2: I really appreciate it taking the time out of your 743 00:38:44,680 --> 00:38:46,440 Speaker 2: day to come in and share your story with us. 744 00:38:46,480 --> 00:38:50,840 Speaker 2: And also, more importantly, your wise are practical advice and 745 00:38:50,880 --> 00:38:53,080 Speaker 2: you know, I know personally from using the moomoo app 746 00:38:53,080 --> 00:38:56,000 Speaker 2: it is absolutely brilliant. I'm actually thinking of shifting a 747 00:38:56,040 --> 00:38:58,839 Speaker 2: thousand dollars project portfolio over to moomoove as well, which 748 00:38:58,880 --> 00:39:03,160 Speaker 2: is a six figure portfolio now and it's you know, 749 00:39:03,520 --> 00:39:05,920 Speaker 2: I really you know, I started that with one thousand dollars, 750 00:39:06,440 --> 00:39:09,320 Speaker 2: which and I haven't really invested anything over the last 751 00:39:09,480 --> 00:39:12,600 Speaker 2: four or five years, barely anything. I've just reinvested because 752 00:39:12,600 --> 00:39:14,880 Speaker 2: I've been focusing on paying down the margin loan and 753 00:39:14,880 --> 00:39:17,880 Speaker 2: I've had the other personal things going on. So you know, 754 00:39:17,960 --> 00:39:20,799 Speaker 2: I'm ready to turn the thousand dollars project portfolio into 755 00:39:20,960 --> 00:39:22,800 Speaker 2: seven figure one. So hopefully i can do it with 756 00:39:22,880 --> 00:39:26,080 Speaker 2: moumou you know, by my side. So thank you so much. 757 00:39:26,719 --> 00:39:28,640 Speaker 2: And finally, as a wrap up today's episode, thank you 758 00:39:28,680 --> 00:39:31,240 Speaker 2: so much of course for Mumu, who sponsored this episode 759 00:39:31,280 --> 00:39:34,200 Speaker 2: of Sugar Mama's Fireplay. If you're looking for a smarter, 760 00:39:34,400 --> 00:39:37,440 Speaker 2: easier way to invest, Mumoo has you covered with low fees, 761 00:39:37,560 --> 00:39:41,440 Speaker 2: intuitive tools and expert driven insights. I can personally tell 762 00:39:41,480 --> 00:39:45,120 Speaker 2: you how fabulous this app is. Join the Mumu community today, 763 00:39:45,239 --> 00:39:48,719 Speaker 2: download the app and start your journey towards financial freedom. 764 00:39:48,760 --> 00:39:52,480 Speaker 2: Please start with Mumu. Investing has never been simpler and 765 00:39:52,719 --> 00:39:55,960 Speaker 2: more inspiring and might I add fun All right, everyone, 766 00:39:56,000 --> 00:39:58,000 Speaker 2: thank you so much for listening today's episode. If you 767 00:39:58,000 --> 00:39:59,840 Speaker 2: could take a moment to leave a rating and review, 768 00:40:00,000 --> 00:40:02,560 Speaker 2: I would greatly appreciate it. And as always, if you 769 00:40:02,640 --> 00:40:05,680 Speaker 2: found this episode interesting and valuable, make sure you send 770 00:40:05,680 --> 00:40:06,440 Speaker 2: it to a friend. 771 00:40:06,800 --> 00:40:07,400 Speaker 1: Chaffin now and 772 00:40:07,400 --> 00:40:15,320 Speaker 2: I'll see you next Monday morning on Sugar Mamma's fireplane.