WEBVTT - Bonus: What made this market dip different with Bryce from Equity Mates

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<v Speaker 1>Welcome to Shared Lunch, brought to you by Chairsas at

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<v Speaker 1>Cheers EA's. We're on a mission to crack financial empowerment

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<v Speaker 1>for everyone, and these convos are a part of that,

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<v Speaker 1>a chance for us to take a deeper dive into

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<v Speaker 1>what's going on in the world of wealth. I'm a

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<v Speaker 1>Sonya Williams, co founder and co CEO at Chairs EAS

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<v Speaker 1>and today we're joined by Bryce from Equity Mates to

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<v Speaker 1>discuss what's going on in the markets and how investors

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<v Speaker 1>should be navigating these times.

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<v Speaker 2>Investing involves for risk you might lose the money you

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<v Speaker 2>start with. We recommend talking to a licensed financial advisor.

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<v Speaker 2>We also recommend reading product disclosure documents before deciding to invest.

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<v Speaker 2>Everything you're about to see and hear is current at

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<v Speaker 2>the time of recording.

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<v Speaker 1>Before we get started, I want to acknowledge the Getigal

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<v Speaker 1>people of the Ura nation, the traditional custodians of the land,

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<v Speaker 1>water and sky where we're filming from today, and pay

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<v Speaker 1>respects to elders, past, present and emerging.

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<v Speaker 3>Welcome Bryce, Thanks for having me. Great to have you here.

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<v Speaker 1>So there's been so much interesting stuff happening in the

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<v Speaker 1>markets at the moment. Can you tell us a bit

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<v Speaker 1>about what's going on.

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<v Speaker 4>You're right, there has been a lot. It's been a

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<v Speaker 4>pretty it's been a pretty active period of time over

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<v Speaker 4>the last few weeks, and it's all been driven by

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<v Speaker 4>some of the big announcements that Donald Trump, President of

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<v Speaker 4>the United States, has made regarding his policy on tariffs.

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<v Speaker 4>And so there's now this global trade war going on

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<v Speaker 4>with real serious fears that it is going to lead

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<v Speaker 4>to a global recession. And of course when we're in

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<v Speaker 4>a recession, it's going to slow down economies around the world,

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<v Speaker 4>and a lot of the companies that we're invested in

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<v Speaker 4>are going to be impacted. You think Apple, you know,

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<v Speaker 4>it imports a lot of its products from China or

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<v Speaker 4>its parts for its iPhones, and so everyone is uncertain

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<v Speaker 4>about what is going to happen because Trump is a

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<v Speaker 4>very unpredictable person, and so markets are now reacting and

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<v Speaker 4>there's a.

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<v Speaker 1>Huge sell off and because we can see that you know,

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<v Speaker 1>you're talking about the tariff being a cost of exporting,

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<v Speaker 1>so that drives cost to business, but it would also

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<v Speaker 1>mean that the cost of goods go up, so would

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<v Speaker 1>hurt consumers too.

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<v Speaker 4>Absolutely. Yeah, So there's I mean, that is how businesses

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<v Speaker 4>deal with it, they don't necessarily absorb that cost. Let's

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<v Speaker 4>use Apple as another example. They're likely to increase the

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<v Speaker 4>cost of iPhones, They're likely to increase the cost of

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<v Speaker 4>MacBook pros. That is going to impact us, and that's

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<v Speaker 4>going to flow it. That's going to have impact on inflation.

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<v Speaker 4>And we know we've spent the last three or four

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<v Speaker 4>years globally trying to push down inflation, and there's real

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<v Speaker 4>fears again that this is just going to push inflation

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<v Speaker 4>back up. And central banks are now uncertain about the

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<v Speaker 4>future and what to do there. So it's not a

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<v Speaker 4>pretty picture, that's for sure, but that this is this

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<v Speaker 4>is markets.

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<v Speaker 3>Yeah, so with all of that, is now a good

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<v Speaker 3>time to elist.

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<v Speaker 4>I think I would couch it and say the only

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<v Speaker 4>certainty is uncertainty at the moment. And this is not

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<v Speaker 4>an unusual thing to happen in markets. So we've seen

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<v Speaker 4>a pullback in one of the big indexes over in

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<v Speaker 4>the state. It's the Nasdaq, which is a tech heavy

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<v Speaker 4>home to some of the biggest tech companies. But over

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<v Speaker 4>the long term, this is part of a market cycle.

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<v Speaker 4>So every sort of four to five years you will

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<v Speaker 4>see are twenty percent full or thereabouts and so you know,

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<v Speaker 4>personally taking these opportunities to get into the market or

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<v Speaker 4>to add to my portfolio, is it's an opportunistic point

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<v Speaker 4>or time to do it. And we are seeing our

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<v Speaker 4>community really sort of rallying around this moment. That's not

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<v Speaker 4>to say though, that we're anywhere near the bottom. It

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<v Speaker 4>could get completely worse. It could bounce from here. You

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<v Speaker 4>cannot time the market. It is impossible to time the market.

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<v Speaker 4>And so I think the more important thing is if

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<v Speaker 4>you are looking at the markets now and getting engaged,

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<v Speaker 4>it's actually thinking about how you can build a long

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<v Speaker 4>term investing strategy that sees you through these market sort

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<v Speaker 4>of movements and you don't have to worry about is

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<v Speaker 4>now a good time to buy or sell?

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<v Speaker 1>Yeah, Like we often talk about how envisting in itself

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<v Speaker 1>is inherently optimistic. You know, leave that things like you

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<v Speaker 1>believe in growth or you believe that people are going

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<v Speaker 1>to be successful through that. But often it's like what

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<v Speaker 1>changes or the uncertainty is what changes, like our assumptions

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<v Speaker 1>around how that business is going to operate in the

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<v Speaker 1>short term. But there's a belief that people will adapt

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<v Speaker 1>and people will find a new way to be successful

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<v Speaker 1>in the new circumstance.

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<v Speaker 4>Absolutely. I think there's a stat that I always remind

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<v Speaker 4>myself in these times when the market has just been

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<v Speaker 4>wiped and I'm looking at my portfolio and I've lost

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<v Speaker 4>a lot of money. It's that there is no twenty

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<v Speaker 4>year period on the S and P five hundred where

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<v Speaker 4>if you had invested in year one and stuck through

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<v Speaker 4>the year twenty that you would have lost money. There

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<v Speaker 4>is just no instance where the market has not recovered.

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<v Speaker 4>So despite the wall of worry that the world has

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<v Speaker 4>gone through over the last hundred years, world wars, disease,

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<v Speaker 4>you know, COVID, changes in presidency, like, there has been

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<v Speaker 4>so many reasons for the market to not perform well,

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<v Speaker 4>there is no instance where it hasn't recovered and gone

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<v Speaker 4>on to hit new highs. And so I look at

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<v Speaker 4>this period. You know, I've gone through the COVID crash,

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<v Speaker 4>twenty twenty two, there was a pullback two thousand and

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<v Speaker 4>seven global financial crisis. I was in high school, and

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<v Speaker 4>through all of those moments, I always look back and go, Damn,

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<v Speaker 4>that was actually a really good buying opportunity, and I

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<v Speaker 4>wish I'd been more active and not as fearful as

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<v Speaker 4>the markets sort of make you feel. And so that's

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<v Speaker 4>kind of how I'm trying to approach this now.

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<v Speaker 1>Yeah, Like you know, you talk about your experience, but

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<v Speaker 1>you've been in visting since you were five, haven't.

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<v Speaker 4>You very young?

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<v Speaker 2>Yeah?

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<v Speaker 1>Yeah, and so you would have seen like these moments

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<v Speaker 1>as you say, they kind of happen around every five years,

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<v Speaker 1>and you know, our platform has been around now, you know,

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<v Speaker 1>through the COVID pandemic things like that.

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<v Speaker 3>Is there anything you're observing about.

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<v Speaker 1>How people are reacting this time versus the times that

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<v Speaker 1>have happened over the last free while.

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<v Speaker 4>I think this time there is a real feeling of

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<v Speaker 4>excitement from our community and A and from what I'm seeing,

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<v Speaker 4>their investing behavior is the right investing behavior, which is

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<v Speaker 4>either I'm not going to do anything. I'm just going

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<v Speaker 4>to stick to my strategy and know that if I'm

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<v Speaker 4>investing every month two hundred dollars a month, I'm just

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<v Speaker 4>going to keep doing that and know that I'm going

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<v Speaker 4>to get the market as it falls and if it recovers,

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<v Speaker 4>I'm going to get it because trying to time it

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<v Speaker 4>is just a fool's game. Or it's like I'm going

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<v Speaker 4>to continue doing my strategy. But take this exciting moment

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<v Speaker 4>knowing that I can pick up some of the stocks

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<v Speaker 4>that I've been looking out on my watch list for

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<v Speaker 4>cheaper than they were three months ago. I think I

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<v Speaker 4>look back at COVID and that there was a real

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<v Speaker 4>not so much fear, but a lot more a lot

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<v Speaker 4>more uncertainty, and people very scared of what was going on.

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<v Speaker 4>But I think we've now had five or six years

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<v Speaker 4>post that where people have sort of looked back at

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<v Speaker 4>that and said, I wish, knowing what I know now,

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<v Speaker 4>I wish I'd actually been more strategic and put some

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<v Speaker 4>money in so our community is excited at the moment. Yeah,

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<v Speaker 4>it's like you could easily sell out and be fearful.

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<v Speaker 4>That's the worst thing you can do. But yeah, I

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<v Speaker 4>think you probably see it on shares this platform as well,

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<v Speaker 4>like huge engagement levels and investing in those core long

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<v Speaker 4>term ETFs as well, not sort of punting on individual

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<v Speaker 4>you know, gold specky stocks.

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<v Speaker 1>Yeah, like we've seen still more people buying and selling

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<v Speaker 1>through the platform and people really sticking at that strategy.

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<v Speaker 1>As you say, Like what we have noticed over the

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<v Speaker 1>last few months as a shift from maybe investing in

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<v Speaker 1>individual companies into putting more into ETFs.

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<v Speaker 3>Why do you think that would be happening. Is that

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<v Speaker 3>something you're noticing as well.

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<v Speaker 1>Or like what you talked about, you know, investing for

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<v Speaker 1>the time, you know, how does that kind of play

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<v Speaker 1>into it? Do you think?

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<v Speaker 2>Well?

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<v Speaker 4>I think like if you look back over the last

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<v Speaker 4>sort of two or three years, the market's done incredibly

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<v Speaker 4>well overall. Like you know, we've seen in video push

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<v Speaker 4>the market to sort of record high as a lot

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<v Speaker 4>of the tech companies have pushed well. So if you've

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<v Speaker 4>just been exposed generally to the market, you've done incredibly well.

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<v Speaker 4>There hasn't really been a need to invest in individual stocks.

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<v Speaker 4>I think we've seen a huge influx of new ETFs

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<v Speaker 4>to market as well that are really interesting for a

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<v Speaker 4>lot of our investors or our community. But I think

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<v Speaker 4>like at the end of the day, ETFs are just

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<v Speaker 4>such a nice wrapper and a nice stress free way

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<v Speaker 4>of investing long term in the market, and people are

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<v Speaker 4>sort of looking at the opportunity that has been really

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<v Speaker 4>playing out since the start of the year, which is

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<v Speaker 4>the market has been pulling back. This isn't just something

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<v Speaker 4>that's happened over the last few weeks. Although it's been accelerated,

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<v Speaker 4>and so you know, you know, we talk about the

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<v Speaker 4>opportunity or dollar cost averaging, and so now is that

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<v Speaker 4>time where our audience is sort of saying, well, hey,

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<v Speaker 4>there's an opportunity here, I might start topping up the portfolio,

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<v Speaker 4>and the best way to do that is low cost,

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<v Speaker 4>well diversified ETFs that are going to give me global exposure.

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<v Speaker 4>And so yeah, we love that.

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<v Speaker 1>Yeah, yeah, on dollar cost averaging. And I think especially

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<v Speaker 1>like a good reminder that it's a pretty poor strategy

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<v Speaker 1>if you don't keep investing while it's while the market

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<v Speaker 1>is going down. So it's like important if that is

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<v Speaker 1>your strategy to kind of stick with.

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<v Speaker 4>It one hundred percent, Like this is the moment that

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<v Speaker 4>you want to be dollar cost averaging, Like there's no

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<v Speaker 4>point thinking you're a hero when the market is going

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<v Speaker 4>up and putting money in every month as the market

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<v Speaker 4>goes up, and then as it starts to fall, you

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<v Speaker 4>stop doing that because it's when it's falling that you're

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<v Speaker 4>really getting the benefit of dollar cost averaging, because you're

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<v Speaker 4>getting more for the money that you're putting in than

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<v Speaker 4>on the other way. And I think doing that it

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<v Speaker 4>removes any emotion from your investing strategy. I think one

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<v Speaker 4>of the biggest things I've learned. I look back at COVID,

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<v Speaker 4>I look back at global financial crisis, and like it

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<v Speaker 4>can be paralyzing. You can make some really bad decisions

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<v Speaker 4>when you're going through a traumatic experience, whereas having a

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<v Speaker 4>strategy that is just clear takes out the emotion. You

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<v Speaker 4>know what you're investing in and you just stick to it.

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<v Speaker 4>You could actually turn off the news and not know

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<v Speaker 4>what is going on and still have an incredibly effective

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<v Speaker 4>investing strategy over the long term and have a very

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<v Speaker 4>healthy outcome because things can change so quickly. I mean

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<v Speaker 4>the stats show after a market fall of twenty percent

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<v Speaker 4>in the following three months, it can rebound incredibly quickly.

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<v Speaker 4>We look at COVID, it was the fastest rebound in history.

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<v Speaker 4>If you tried to time that, you would have missed it.

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<v Speaker 4>And the stats also show that if you miss that rebound,

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<v Speaker 4>then the difference in investing outcomes can be significant, so

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<v Speaker 4>you you don't want to try and sell out. And

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<v Speaker 4>that's why a dollar cost averaging, which is effectively putting

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<v Speaker 4>in the same amount of money at the same cadence,

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<v Speaker 4>is approven strategy.

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<v Speaker 1>Yeah, and so like I mean it's very real, like

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<v Speaker 1>when you see your portfolio going down, you know, like

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<v Speaker 1>there's that feeling like there's you know, it's kind of

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<v Speaker 1>important to acknowledge that that sucks. It's like a really

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<v Speaker 1>hardly to see and like, but what I'm kind of

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<v Speaker 1>noticing is like there's more of a cinema of like, yeah,

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<v Speaker 1>that feels like that.

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<v Speaker 3>But do I need to do anything about that? And

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<v Speaker 3>I mean do people need to do anything different?

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<v Speaker 4>No? No, no, no is the answer. Like do not sell.

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<v Speaker 4>If you have cash and you want to be opportunistic,

0:11:16.559 --> 0:11:19.640
<v Speaker 4>of course buy, but also be cautious of what you're

0:11:19.679 --> 0:11:22.560
<v Speaker 4>buying and how much you're putting in because, as we said,

0:11:22.600 --> 0:11:24.839
<v Speaker 4>we don't know what's going to happen from here. Trump

0:11:24.920 --> 0:11:26.520
<v Speaker 4>might come out and say, you know what, We're going

0:11:26.600 --> 0:11:29.720
<v Speaker 4>to put more tariffs on everyone around the world, and

0:11:29.760 --> 0:11:31.880
<v Speaker 4>you can expect the markets are not going to appreciate that.

0:11:32.040 --> 0:11:33.920
<v Speaker 4>And so if you have cash sitting on the side

0:11:33.920 --> 0:11:35.840
<v Speaker 4>and you put the whole lot in now, do so

0:11:36.200 --> 0:11:39.240
<v Speaker 4>knowing that it could fall further, but you've still got

0:11:39.240 --> 0:11:42.920
<v Speaker 4>in at an opportunistic time. Or take that lump some

0:11:43.080 --> 0:11:45.560
<v Speaker 4>of cash and say, okay, let's just see how it

0:11:45.559 --> 0:11:47.120
<v Speaker 4>plays out. But every month, I'm going to put a

0:11:47.160 --> 0:11:50.080
<v Speaker 4>little bit more in. But I think to answer the

0:11:50.120 --> 0:11:51.720
<v Speaker 4>first part of that question, it's like, no, you don't

0:11:51.760 --> 0:11:54.840
<v Speaker 4>have to do anything except turn the app off. If

0:11:54.920 --> 0:11:57.079
<v Speaker 4>you are one of those people and I have been there,

0:11:57.280 --> 0:11:59.600
<v Speaker 4>who looks at it and seize the red and you

0:11:59.640 --> 0:12:02.760
<v Speaker 4>think and five or six years of work down the drain,

0:12:02.880 --> 0:12:06.080
<v Speaker 4>I've just lost all this money. Don't look at it

0:12:06.120 --> 0:12:08.960
<v Speaker 4>and know that over time, your strategy has been successful

0:12:08.960 --> 0:12:11.160
<v Speaker 4>and it's proven over the last hundred years to be

0:12:11.240 --> 0:12:15.160
<v Speaker 4>a successful strategy. Just investing low cost into the market,

0:12:17.080 --> 0:12:19.439
<v Speaker 4>try and like tune out of the noise. I think

0:12:19.480 --> 0:12:21.520
<v Speaker 4>as well, like it goes back to the foundations of

0:12:21.559 --> 0:12:23.880
<v Speaker 4>setting up a good investment strategy, which is you shouldn't

0:12:23.880 --> 0:12:27.920
<v Speaker 4>be investing any money that you need, like you don't

0:12:27.920 --> 0:12:30.840
<v Speaker 4>want to. I don't have any money in my portfolio

0:12:30.960 --> 0:12:33.400
<v Speaker 4>now when I'm like, okay, I'm going to need to

0:12:33.440 --> 0:12:35.160
<v Speaker 4>sell some of this to pay my mortgage. I'm going

0:12:35.160 --> 0:12:36.920
<v Speaker 4>to need to sell some of this if I have

0:12:37.000 --> 0:12:39.720
<v Speaker 4>an emergency. And that kind of gives a bit of

0:12:39.720 --> 0:12:41.920
<v Speaker 4>comfort because I can sit back and say, you know,

0:12:41.920 --> 0:12:45.200
<v Speaker 4>I've lost twenty thirty, forty percent whatever, But that's okay

0:12:45.480 --> 0:12:47.520
<v Speaker 4>because if I zoom out, I know that it's going

0:12:47.600 --> 0:12:50.040
<v Speaker 4>to go up. And I also don't need this right now.

0:12:50.280 --> 0:12:51.319
<v Speaker 3>Yeah, that's an important point.

0:12:51.400 --> 0:12:54.520
<v Speaker 1>Like we're saying it's a good time to invest, you know,

0:12:54.559 --> 0:12:56.880
<v Speaker 1>through this, but it's like if you need cash on hand,

0:12:56.920 --> 0:12:58.760
<v Speaker 1>like it's a good time to invist if you can

0:12:58.800 --> 0:13:00.960
<v Speaker 1>kind of write out the long term, like we're not saying,

0:13:01.320 --> 0:13:03.760
<v Speaker 1>and that's completely how we see investing is like that

0:13:03.840 --> 0:13:05.959
<v Speaker 1>it is for the long term. Yes, And so I

0:13:05.960 --> 0:13:07.760
<v Speaker 1>think that's an important, you know thing, just to tack

0:13:07.840 --> 0:13:10.800
<v Speaker 1>on the end there. Do you have any kind of

0:13:10.880 --> 0:13:13.400
<v Speaker 1>pills of wisdom that you are keen to share with

0:13:13.440 --> 0:13:16.000
<v Speaker 1>people about kind of going through these times or through

0:13:16.120 --> 0:13:18.160
<v Speaker 1>you know, the experience that you've had investing today.

0:13:18.480 --> 0:13:21.240
<v Speaker 4>I think just like stick with it, read as much

0:13:21.280 --> 0:13:25.600
<v Speaker 4>as you can. And I think, you know, we were

0:13:25.640 --> 0:13:29.079
<v Speaker 4>talking off about Buffet and one of one sort of

0:13:29.160 --> 0:13:31.600
<v Speaker 4>quote that rings true at this time is he says

0:13:31.640 --> 0:13:35.000
<v Speaker 4>the most important behavior or the most important characteristic for

0:13:35.080 --> 0:13:38.120
<v Speaker 4>an investor is temperament, not intellect. And I think this

0:13:38.320 --> 0:13:42.360
<v Speaker 4>moment is all about managing your behavior and managing your emotions.

0:13:42.679 --> 0:13:46.160
<v Speaker 4>And if you are starting from scratch right now, that's

0:13:46.200 --> 0:13:49.360
<v Speaker 4>great because you've recognized that this might be an opportunity

0:13:49.400 --> 0:13:51.760
<v Speaker 4>to get in. But make sure that you are setting

0:13:51.800 --> 0:13:54.880
<v Speaker 4>up a strategy that you know automates as much of

0:13:54.920 --> 0:13:58.240
<v Speaker 4>your process as possible, because I think if you can

0:13:58.640 --> 0:14:01.720
<v Speaker 4>automate from getting paid through to investing in ETF, you

0:14:01.720 --> 0:14:05.000
<v Speaker 4>don't even have to look. So I think automating it

0:14:05.040 --> 0:14:10.640
<v Speaker 4>takes out the emotions and just being conscious of the

0:14:10.679 --> 0:14:12.880
<v Speaker 4>opportunity that we have and that the worst thing you

0:14:12.920 --> 0:14:16.880
<v Speaker 4>can be doing is selling right now. But look, as

0:14:16.880 --> 0:14:20.000
<v Speaker 4>I said, remind me that this is this is not

0:14:20.040 --> 0:14:23.240
<v Speaker 4>an uncommon thing to happen. This happens every four or

0:14:23.320 --> 0:14:28.160
<v Speaker 4>five years. It's how markets are supposed to work. And

0:14:28.680 --> 0:14:32.080
<v Speaker 4>as I said, there's so many instances in history where

0:14:32.360 --> 0:14:35.200
<v Speaker 4>the market has not only recovered but gone to hit

0:14:35.280 --> 0:14:38.120
<v Speaker 4>new highs. So stick with it. It might not be

0:14:38.200 --> 0:14:40.360
<v Speaker 4>for another twelve or twenty four months, we don't know,

0:14:40.640 --> 0:14:42.720
<v Speaker 4>but it eventually will get back to where it was.

0:14:43.040 --> 0:14:44.200
<v Speaker 3>Hey, thanks heaps, Bryce.

0:14:44.600 --> 0:14:46.920
<v Speaker 1>Definitely an interesting chat with everything going on as well,

0:14:47.000 --> 0:14:48.040
<v Speaker 1>so I appreciate you.

0:14:48.040 --> 0:14:50.320
<v Speaker 4>Having us and I think good to see that the

0:14:50.560 --> 0:14:53.560
<v Speaker 4>shares is community as well getting around it and buying.

0:14:53.600 --> 0:14:55.160
<v Speaker 4>I think it's an exciting time.

0:14:55.360 --> 0:14:58.720
<v Speaker 1>Hey, thanks Haepspryce and thanks everyone for tuning in. You

0:14:58.720 --> 0:15:01.600
<v Speaker 1>can watch your lunch on YouTube well, follow Long on

0:15:01.640 --> 0:15:04.400
<v Speaker 1>your favorite podcast app. Leave us a rating and comment

0:15:04.480 --> 0:15:13.760
<v Speaker 1>of what you'd like to hear about next m