Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we
Speaker 1: get started on She's on the Money podcast, I would
Speaker 1: like to acknowledge the traditional custodians of the land of
Speaker 1: which this podcast is recorded on a wondery country, acknowledging
Speaker 1: the elders, the ancestors and the next generation coming through
Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 1: the storytelling of you to make a difference for today
Speaker 1: and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money, the podcast
Speaker 4: that makes personal finance a lot less daunting and a
Speaker 4: lot more doable. I know investing can be an emotional ride.
Speaker 4: Every drop in the market can feel like a crisis.
Speaker 4: Those market swings can trigger all kinds of reactions, but
Speaker 4: making snap decisions can throw you completely off course. Today
Speaker 4: we're going to dive into how to keep your cool,
Speaker 4: ride out the turbulence, and stay on track with your
Speaker 4: long term goals. And I am very lucky to be
Speaker 4: joined by my very good friend Brooke Roberts from Cheesys,
Speaker 4: the investing platform that's helped everyone start small and think big.
Speaker 4: Brook with faced face. Finally no more Zoom Records. Welcome
Speaker 4: to the show.
Speaker 5: Yeah, it's so good to be here and see you
Speaker 5: face to face too.
Speaker 2: I love it.
Speaker 4: So I feel like everyone in our community knows who
Speaker 4: you are, or they should know who you are. But
Speaker 4: for those of you who might not have met you, Brook,
Speaker 4: who are you?
Speaker 2: What do you do?
Speaker 1: Yes?
Speaker 2: How do you get on a Chase's podcasts? Yeah? How
Speaker 2: did I?
Speaker 5: So? I'm I see a mum of two, which is
Speaker 5: heaps of fun of a four and six year old,
Speaker 5: and they keep me very entertained actually in this day
Speaker 5: and age, and it's quite cool teaching them things. And
Speaker 5: outside of that, Yeah, one of the co founders and
Speaker 5: Coco's the Cheersy's, so there's Late and Sonya and I
Speaker 5: who are all CEOs. So we called ourselves the three Eohs.
Speaker 4: I got to go on your podcast the other day actually,
Speaker 4: and Sonya came into the office and that was very
Speaker 4: exciting and I was like, guess what I get?
Speaker 2: Brook in here?
Speaker 4: I just feel like I'm banking the Chasia's content. But
Speaker 4: you know, what everyone has been asking for it, And
Speaker 4: I was thinking back to the last time that you
Speaker 4: were on the show, which was honestly too long ago,
Speaker 4: and I know our community loved hearing your story because
Speaker 4: we dived more into that. We'll put it in the
Speaker 4: show notes so that we don't have to recub old territory.
Speaker 4: But it is incredible to have you back. So if
Speaker 4: you haven't listened to that episode, we will link it
Speaker 4: in the show notes and you guys can dive right
Speaker 4: into it. But Phil simp Brook, now we know exactly
Speaker 4: who you are. We've given them some more info so
Speaker 4: that they can dive further into you in your journey.
Speaker 4: But like what's been going on at Chasyas, I feel
Speaker 4: like there's been so much.
Speaker 5: There's been heaps going on at shares He's As. So
Speaker 5: you know, we set out to create financial apartment for
Speaker 5: everyone and there's a lot to do. We started with investing,
Speaker 5: and we see heaps more opportunities in creating, you know,
Speaker 5: more accessible money opportunities for people. We've got the ability
Speaker 5: to all to invest and roundup and heaps more coming
Speaker 5: in that space. And then we also are starting to
Speaker 5: do more with partnering with companies. So we have firm
Speaker 5: believers that in order to improve well for more people,
Speaker 5: they should be getting shares and the companies are working
Speaker 5: for so staffhold equal shareholders and that's a key thing
Speaker 5: that we're working on at the moment too.
Speaker 4: And that's Boogie. Did you ever think that it would
Speaker 4: get his bee? I mean, you don't set out to
Speaker 4: create an investing platform that has nobody investing, so you
Speaker 4: clearly thought like this is a good idea, but like
Speaker 4: this big Brook.
Speaker 5: Well yeah, there's like seven hundred thousand people that use
Speaker 5: shares Ease and have invested five billion all up. Oh yeah,
Speaker 5: we're managing over five billion, but there's so much more
Speaker 5: to go, like this is this So it honestly still
Speaker 5: feels that day for us.
Speaker 2: I love following a story.
Speaker 4: I'm more piercely an investor on the chaseas platform, and
Speaker 4: I feel like every time I do a money diaries
Speaker 4: like which are my favorite episodes of the show, I'm like, oh, okay,
Speaker 4: it's not a planted question. I'm always like do invest
Speaker 4: and they're like, oh, I'm with Sharezeas, and I'm like,
Speaker 4: here we go. More free plugs for shazas because everybody
Speaker 4: in the community.
Speaker 2: Is just obsessed and I am too.
Speaker 4: But investing is exactly what Shareseas is all about, and
Speaker 4: we are here today to talk about that. And I
Speaker 4: feel like long term investment is something we talk about
Speaker 4: a lot, but it can be really scary. Like at
Speaker 4: the end of the day, I think that we need
Speaker 4: to acknowledge that investing can be really overwhelming. But it's
Speaker 4: also not about the numbers. Investing is actually really emotional.
Speaker 4: In fact, I was talking about you today. Literally, I
Speaker 4: was talking about you today. I went to MCROB, which
Speaker 4: is a girls' school in Melbourne, and I was talking
Speaker 4: about the importance of financial literacy to a bunch of
Speaker 4: Grade tens, which is exactly what I want to be doing.
Speaker 4: And I was talking about how investing nowadays is so
Speaker 4: much more accessible, Like historically I was so scared to
Speaker 4: invest because the minimum investment amounts or like five hundred dollars.
Speaker 4: And don't get me wrong, a lot of people might go,
Speaker 4: be like five hundred dollars, that's not much for me.
Speaker 4: At that point in my life, that was like the
Speaker 4: most amount of money I'd ever had in my bank account.
Speaker 2: And I was saying to these girls.
Speaker 4: Like investing is not for the rich, like there is
Speaker 4: this platform shares this you can invest with as little
Speaker 4: as one cent.
Speaker 2: It is little. You're not even old enough to invest yet,
Speaker 2: but when you are, you're going to love this.
Speaker 4: And then I realized I get to see Brook later,
Speaker 4: so that was very cool. But it is such an
Speaker 4: emotional journey. It's literally your hard earned cash, your dreams,
Speaker 4: and all of your I guess future wrapped up in
Speaker 4: one which then feels overwhelming. Whether you're saving for your
Speaker 4: first home that's a few years away, or your kid's education,
Speaker 4: which I'm now thinking about and that's really overwhelming, or
Speaker 4: building a like retirement nest egg. Your investments are representative
Speaker 4: of I guess, all your dreams and hopes and goals,
Speaker 4: and when you're asked to make a plan for that
Speaker 4: overwhelming Brook. That's why literally every market move can make
Speaker 4: me feel sick. I am an ex financial advisor, as
Speaker 4: you know, and I still log into my investing platform
Speaker 4: and if it is down, like if I log into
Speaker 4: chairs EA's and see that I've lost some money on
Speaker 4: the shed market, I still get that twang in the bottom.
Speaker 2: Of my stomach.
Speaker 4: I'm like oh, and then I'm like Victoria you're smarter
Speaker 4: than this, but I experience it, so I have no
Speaker 4: doubt that our community is. And I mean when my
Speaker 4: portfolio is up, I'm like, yeah, I'm a big dog investor.
Speaker 2: Look at that, look at that.
Speaker 4: But when it's down, it feels like, oh my gosh,
Speaker 4: what have I done? Have I like on the absolute
Speaker 4: wrong thing. So, Brooke, in your experience as an investor yourself,
Speaker 4: I'm assuming on Charez eas where do you see this
Speaker 4: emotional rollercoaster getting people completely off track?
Speaker 5: Yeah, so investing money is emotional. You know, money, like
Speaker 5: you said, creates opportunities in life or doesn't. You know,
Speaker 5: We've got the beliefs we have around money from what
Speaker 5: we've watched and the households when we're growing up, and
Speaker 5: how how we feel about it is really tied to
Speaker 5: a lot of emotions really, and when it comes to
Speaker 5: an investing often there's a whole barrage of new emotions
Speaker 5: in a way, like there's a lot of excitement thinking
Speaker 5: about your future and it's exciting getting into investing and
Speaker 5: feeling like, oh, you're taking control of your money or
Speaker 5: you're doing something that's going to help future you. But
Speaker 5: the other part, too is investing can be quite overwhelming.
Speaker 5: There's hundreds of thousands options out there now, like you said,
Speaker 5: there it used to be like a minimum of ten
Speaker 5: thousand dollars needed. Now it's not.
Speaker 4: You're literally changing it so that we can all have
Speaker 4: the same opportunities.
Speaker 5: Yeah, that was a core belief of you know, one
Speaker 5: thing we just would not walk past is that we
Speaker 5: had to make sure there was no minimum investment so
Speaker 5: everybody could feel like they're an investor and also just
Speaker 5: invest the way that you expect, Like, if you want
Speaker 5: to put a certain amount of money into it, you can.
Speaker 5: You don't have to have to calculate a share or
Speaker 5: you know, like and have random scenes on that stuff.
Speaker 4: But like, I love it because I just remember Baby
Speaker 4: Victoria trying to invest for the first time, and it
Speaker 4: was really overwhelming because I was a financial advisor, and
Speaker 4: I feel like it's the story of like the plumber
Speaker 4: always has a leaky type, right, So, like, as a
Speaker 4: financial advisor, I knew what I should be doing, and
Speaker 4: I knew what we were advising our clients to do.
Speaker 4: But I didn't have ten million dollars like my clients.
Speaker 4: So my clients had these beautiful well diversified portfolios of
Speaker 4: like you know, ten to twelve direct shares. I couldn't
Speaker 4: give myself instant diversification. I didn't have any cash brook
Speaker 4: I was like five hundred dollars still too much. I
Speaker 4: remember seeing like some managed funds that had minimum investments
Speaker 4: of ten grand, and they'd be like, must be nice,
Speaker 4: Like that'll.
Speaker 5: Never be me.
Speaker 4: But now I can literally buy that same managed fund
Speaker 4: on your platform for literally one cent and get that
Speaker 4: same exposure, and like that to me is kind of wild.
Speaker 4: And I have looked up managed funds that were previously
Speaker 4: out of reach and like bought them on Chares's just
Speaker 4: cause like you can buy man Like, does it make
Speaker 4: up most of my strategy? No, it absolutely does not.
Speaker 4: Is it really fun to feel like I own that? Yes,
Speaker 4: Like I'm a little shareholder in that.
Speaker 6: Ha.
Speaker 4: But you didn't see that coming, baby, Victoria.
Speaker 5: Yeah, it's funny when you say, like I had this
Speaker 5: thing when we first started, there's this thing, and when
Speaker 5: you're creating companies to your own dog food, like it's like,
Speaker 5: when you're creating something, make sure that you're a real
Speaker 5: mega user of it so you can see the areas
Speaker 5: where it's not working. Well or it's working really well.
Speaker 5: But I had this thing around empathy. So as we
Speaker 5: rolled up more and more investment options, I have this
Speaker 5: thing where I was like, oh, I need a bit
Speaker 5: of everything nearly because I want to if somebody comes
Speaker 5: up to me and starts talking about this investment, I
Speaker 5: want to feel the empathy and know like the journey
Speaker 5: that I've been on and now I have, you know,
Speaker 5: simplified it a lot because it started to get a
Speaker 5: bit extreme.
Speaker 2: That's literally.
Speaker 4: Like if you showed me your platform and you had
Speaker 4: something that I didn't have, a be like, oh, she's
Speaker 4: real smart. Maybe I should have that too, Like is
Speaker 4: there any logic to it? No, because I literally know
Speaker 4: my stuff when it comes to investing, but like that looks.
Speaker 5: Cool, and what we both know is consistency pays off
Speaker 5: over time, and time is the most value ware spect
Speaker 5: of money. I think when we started Cheesy's, we really
Speaker 5: built it around that philosophy, and we would do heaps
Speaker 5: of content and education in terms of trying to counteract
Speaker 5: what people call behavioral five. So like the loss of version,
Speaker 5: feeling like off it goes down that you've lost, but
Speaker 5: actually you don't lock in a loss until you decide
Speaker 5: to sell, and I need.
Speaker 2: To be reminded of that. It's crazy.
Speaker 4: We talk about it a lot obviously at She's on
Speaker 4: the Money. It's only a loss if you're choosing to
Speaker 4: take it. Yeah, I don't choose that right now, Like
Speaker 4: I'm walking away from that brook. We talk a lot
Speaker 4: about strategy at Cheese on the Money and just buying
Speaker 4: random shares not a good strategy. Orbit it can be
Speaker 4: fun and literally when they're one scent like you can,
Speaker 4: but I want to know more about yours, Like, tell
Speaker 4: me about your strategy. How do you keep your emotions
Speaker 4: in check when you're investing? Because I feel like you
Speaker 4: and I are both just inherently emotional people. I don't
Speaker 4: want to lose something, but like what happens when you
Speaker 4: see that you maybe are a little bit down?
Speaker 5: Yeah, share, So the key thing is, Yeah, investing is
Speaker 5: for the long term. And I think the key strategy
Speaker 5: that we really designed Cheeses for early on too was
Speaker 5: dollar cost averaging, So investing every pay day and that's
Speaker 5: you can't afford and it builds over time. As you know,
Speaker 5: there's massive power in compound interest, in compounding returns, and
Speaker 5: literally that time just pays off. So I invest like
Speaker 5: that for my children and I never do anything else.
Speaker 5: It's automatically every week money going into the investment portfolios,
Speaker 5: and they consistently upperform me because because I do majority
Speaker 5: dollar cost averaging. But there's things where I'm just like, oh,
Speaker 5: I actually want to know what that's like, you know,
Speaker 5: and I will invest a little bit. But the important
Speaker 5: thing for me though, and the way that I manage
Speaker 5: my emotions is I don't take big bets, Like I
Speaker 5: make sure that I'm building over time, I'm not over
Speaker 5: exposed in one area and that I'm just sticking to
Speaker 5: a habit and in anything else on top is something
Speaker 5: where I'm willing to take a bit more risk potentially
Speaker 5: more return, but I know that that consistency is going
Speaker 5: to work in the long run, no matter the peaks
Speaker 5: and flows of the market at the time.
Speaker 4: Yeah, I feel like everyone's always surprised when I talk
Speaker 4: about my investment strategy because I think that there's this
Speaker 4: expectation that you know, if I gave you the log
Speaker 4: into my shares these platform, you'd probably see this really
Speaker 4: comprehensive list of six million different options. And like Victoria's
Speaker 4: so smart and like knows what to pick, and you'd
Speaker 4: actually log in, you'd see some really weird stock picks.
Speaker 4: You'd be like, why has she got this? And I
Speaker 4: can share them with you later because we don't make
Speaker 4: recommendations on the podcast. But then a majority of my
Speaker 4: portfolio is split among two ETFs. Yeah, and I think
Speaker 4: people are always like, wait, what, like you just invest
Speaker 4: in ETFs, and I'm like yes, because I would love
Speaker 4: to think that I'm intelligent, but I am not smarter
Speaker 4: than the people that pull together ets. I've got one International,
Speaker 4: I've got one Australian, and that is currently where most
Speaker 4: of my wealth sits. And then I have my little satellite.
Speaker 4: It's that core satellite approach where I've got those satellite
Speaker 4: ones because brook it's fun. Like there's this like biopharmaceutical
Speaker 4: company that I've been following since twenty twenty is not
Speaker 4: done well.
Speaker 5: This is why you.
Speaker 2: Shouldn't recommend Yeah, exactly exactly.
Speaker 4: But I got this biofarmer company and would I recommend it?
Speaker 1: No?
Speaker 4: But I put money in it and I'm not going
Speaker 4: to pull it out at a loss. I don't need
Speaker 4: that money right now, but I look at it and
Speaker 4: I just go I'm glad that I didn't make that
Speaker 4: recommendation because that was a punt, and I'm so glad.
Speaker 4: I just have that core portfolio that every month I
Speaker 4: just add two and it kind of tracks along, and
Speaker 4: I know future me is going to be okay, but
Speaker 4: I'm not always chasing. Okay, Well, what's the next thing
Speaker 4: I should invest in to create wealth? Like I'm going
Speaker 4: to be screwed if I don't. Yeah, I know, I'm fine,
Speaker 4: but I do still like to have a little bit
Speaker 4: of fun.
Speaker 5: Yeah, and we're in the industry, right, so of course,
Speaker 5: like we're a bit more tuned in some ways to
Speaker 5: what you know.
Speaker 2: I thought I was a genius.
Speaker 4: I'll talk to you about this off air, but I
Speaker 4: read all of their annual reports. I did a deep
Speaker 4: dive into who their CEO was, where he used to work.
Speaker 4: The fact that this biopharmaceutical company deals with this particular
Speaker 4: health condition and the CEO has it like he is
Speaker 4: using their treatment.
Speaker 2: I'm just like I've cracked. Yeah, it's gone down.
Speaker 4: I think I bought in it like a dollar thirteen
Speaker 4: per share and it's like a twenty six cents or something.
Speaker 2: So is that a good share for you to buy?
Speaker 6: No?
Speaker 2: You might be though.
Speaker 5: When we studied finance and when we were getting access
Speaker 5: to this world, I remember all of my research saying
Speaker 5: in all of the academic papers saying that buying and
Speaker 5: holding up performs that buys us out buy and women
Speaker 5: typically are way better at investing and taking a long
Speaker 5: term approach with it. And we know that that strategy
Speaker 5: pays off significantly more over time than somebody who's are
Speaker 5: actively trading. And so I think that that hopefully helps
Speaker 5: relieve some of that comfort when you've got those feelings
Speaker 5: around haven't made the right choice of it? You know,
Speaker 5: it's are you happy with the investments you've made? Are
Speaker 5: you diversified enough to wither storms? And is it money
Speaker 5: that you're happy to invest in the long term? Knowing
Speaker 5: that markets will go up and down, but traditionally over
Speaker 5: time they are trending up in the long term, do you.
Speaker 4: Put some blinkers on, like are you looking at what
Speaker 4: other people are doing? Are you looking at what your
Speaker 4: investors are doing? I feel like blinkers for me are
Speaker 4: really helpful, but other people using their strategy.
Speaker 5: Yeah, so a lot of people on Cheesy's aort to
Speaker 5: invest that to invest and abording their portfolio over time.
Speaker 5: That's the vast majority. I don't get caught up in
Speaker 5: the hypeie things. I just know that I feel like
Speaker 5: it's all over social media.
Speaker 4: Yeah, have you seen the most recent stuff about the
Speaker 4: day trading and how that's going to create ultimate wealth?
Speaker 1: Oh?
Speaker 4: It kills me because you see these posts from people
Speaker 4: who genuinely think that they're helping, they have no finance background,
Speaker 4: and then you see people commenting like, oh my gosh, yes,
Speaker 4: please tell me more.
Speaker 2: I'd love to.
Speaker 4: Create wealth, and you just go, this is a scam. Like, yes,
Speaker 4: some people can create money in day trading, but it
Speaker 4: is not a long term solution. In fact, most people
Speaker 4: who day trade lose more money than they make. And
Speaker 4: you just go, if you're so worried, go down a
Speaker 4: very classic pathway. Like the best type of investments I've
Speaker 4: seen over my career have been the most boring ones.
Speaker 5: Yeah.
Speaker 4: Like I remember one client brook, I inherited them from
Speaker 4: another financial advisor who'd retired, and they had BHP shares,
Speaker 4: and like that could be a little bit topical because OBVIOUSLYHP,
Speaker 4: like it's a fossil fuel company and a lot of
Speaker 4: people might not agree with that, and the person I
Speaker 4: was advising was actually morally not okay with it. I mean,
Speaker 4: there's a bigger conversation. He'd inherited them from his grandfather,
Speaker 4: but when we looked at it, it was just this tried,
Speaker 4: true blue chip stock that had paid off over time,
Speaker 4: and the way that he held them was really complicated
Speaker 4: for me as a financial advisor because they'd bought them
Speaker 4: when you bought them in British pounds, like way back
Speaker 4: when they had originally listed, and you could see from
Speaker 4: that period of time like how much it had grown,
Speaker 4: how many dividends it had brought in, and it was
Speaker 4: a bigger conversation, but it was just incredible to see
Speaker 4: such a long term portfolio and how it had provided
Speaker 4: wealth for this family, and it was like, this is genius.
Speaker 4: But I can still do it today because these companies
Speaker 4: are still growing, like these options are still on the table,
Speaker 4: and I just remember thinking, yeah, maybe I.
Speaker 2: Do need to invest a little bit more.
Speaker 4: After seeing that, it wasn't impressed that I had to
Speaker 4: do the currency conversion from way back in the day though.
Speaker 4: That was a little bit of a meth around, but
Speaker 4: it was fun nonetheless.
Speaker 5: And it's interesting the emotional side of that legacy left too,
Speaker 5: and going, well, this is what my grandparents believed in. Yeah,
Speaker 5: you know, should I continue because it's their essets that
Speaker 5: I'm getting on, or should I got my way? And
Speaker 5: I think that's another interesting element. You know, there's a
Speaker 5: lot of emotion when it's passed down.
Speaker 4: And I think it's important to remember that your values
Speaker 4: can control how you invest. I mean, that's what that
Speaker 4: conversation was about. Like, the BHP shares was something that
Speaker 4: my client was not that happy with because he was like,
Speaker 4: that's not ethical. I don't want to have my wealth
Speaker 4: being generated by this company. But to dispose of those
Speaker 4: shares after such a significant time holding them, the capital
Speaker 4: gains tax was astronomical, and so it just didn't make
Speaker 4: sense to sell an asset because you would have to
Speaker 4: pay so much in tax. But what strategy can we
Speaker 4: implement to counteract that? And we ultimately ended up having,
Speaker 4: you know, any new acquisitions were all very ethical, and
Speaker 4: he started investing some of the money he was making
Speaker 4: from BHP into environmental charities which were then working against BHP,
Speaker 4: which was quite funny because it was like, eh, swighing
Speaker 4: it up, and you feel good about this. We've got
Speaker 4: a strategy, but everyone's strategy is going to be different, right, Like,
Speaker 4: at the end of the day, we have been chatting
Speaker 4: for a while and I could talk underwater with a
Speaker 4: mouthful of marbles about investing, and I.
Speaker 2: Know that you could too.
Speaker 4: We've covered why investing can feel a bit like an
Speaker 4: emotional rollercoaster and how it can completely derail. Let's be honest,
Speaker 4: even the best laid plans, like you just get overly
Speaker 4: emotional and then you're like, I should sell brook. One
Speaker 4: of the things that we say on this podcast all
Speaker 4: the time is when in doubt, zoom out, Like when
Speaker 4: in doubt, look at the bigger picture, like it could
Speaker 4: feel trash. I was looking at a chart this morning
Speaker 4: and one of my favorite resources. Sorry it's not the
Speaker 4: Chesy's website, but you can replicate this or create your
Speaker 4: own version for me. It is the Vanguard Interactive Index Chart.
Speaker 2: Have you seen that? Adore it?
Speaker 4: So it's on their website and you can kind of
Speaker 4: put in your own dates and your own asset classes
Speaker 4: and shows how it would perform over time and historicals
Speaker 4: and if you put in any thirty year period, you
Speaker 4: can see that long term investors have never lost so
Speaker 4: any thirty year period. But then you know, if I
Speaker 4: put in my birthday, which was the thirtieth of June
Speaker 4: nineteen ninety one, great date for a finance girly literally, right,
Speaker 4: I put that in, and over that period of time,
Speaker 4: you can see the drop in the share market when
Speaker 4: the global financial crisis happened. And we know that that
Speaker 4: is spoken about. You know, two thousand and eight was
Speaker 4: obviously horrific. People lost their homes, people lost their money,
Speaker 4: like that's the worst thing ever. You might even listen
Speaker 4: to your parents' generation. They're like that ruined us, that
Speaker 4: you know, ruined my friend. But then when you zoom out,
Speaker 4: that's actually just now a blip in the performance chart,
Speaker 4: like our economy has recovered and then some and when
Speaker 4: you look back, obviously there was some really big flaws
Speaker 4: in the American financial system for that to happen.
Speaker 2: But the and you know that a lot.
Speaker 4: Of people during that period of time lost a lot
Speaker 4: of money because of their emotions. It wasn't because they
Speaker 4: were poorly invested. It was because they saw all of
Speaker 4: this housing stuff happen and they started to freak out.
Speaker 4: And because the market was reflective of other people's poor decisions.
Speaker 4: Even really good performing stocks started to dip because market
Speaker 4: sentient was that, oh, this is scary, So good quality
Speaker 4: shares were dropping, and those people that owned those good
Speaker 4: quality shares were freaking out and they were like, oh
Speaker 4: my gosh, Brook, I'm just going to sell today because
Speaker 4: I'm going to put all in my savings account and
Speaker 4: then I will feel secure. But you can see this
Speaker 4: chart and how it completely rebounds and some more so,
Speaker 4: a lot of people that lost a lot of money
Speaker 4: during the global financial crisis weren't actually impacted, but they
Speaker 4: were scared. And I think that that's a really good
Speaker 4: story to tell. To go, well, you need to zoom
Speaker 4: out and have a look at the bigger picture, Like
Speaker 4: is this just another situation where so many people are terrified.
Speaker 4: So many people are so scared to lose their wealth,
Speaker 4: which makes sense, like we do have to do some
Speaker 4: education around this, But they actually shot themselves in the
Speaker 4: foot by transferring their wealth that was going to recover
Speaker 4: into cash which then hasn't really performed.
Speaker 5: Yeah, I think that's an interesting important part that people
Speaker 5: should understand. It's like the reason markets move is purely
Speaker 5: because of our and our motions, you know, it's actually
Speaker 5: not mad some information and you're well, now do I
Speaker 5: believe in this company or the fun?
Speaker 3: Now?
Speaker 2: Yes?
Speaker 1: No?
Speaker 5: And your buy sale. And I think there's obviously the
Speaker 5: big companies at play and institutions, but as individuals too,
Speaker 5: it's like, yeah, zoom out, do we believe in this
Speaker 5: investment we're making in the long term? Do we believe
Speaker 5: in this fun, this country, whatever it might be where
Speaker 5: you're exposed all these companies. You know, we are actually
Speaker 5: typically good at just buying and holding and not being
Speaker 5: to a motive. And that was a lot of the
Speaker 5: like crap would get at the start of chesies, to
Speaker 5: be honest, is that people don't know what to do,
Speaker 5: and you know they've got to be sophistcurated.
Speaker 2: It's like, well, now you seven people that know what
Speaker 2: to do.
Speaker 5: It's ophisticated when the majority of their mar which is
Speaker 5: you know, like that because it's.
Speaker 2: Brook you are female, jeez, Louise.
Speaker 5: Yeah, we never get to ten thousand customers and all
Speaker 5: that sort of jebs.
Speaker 4: I mean, you don't have ten thousand. We've got seven
Speaker 4: hundred two thousand growing.
Speaker 2: Oh, I love it.
Speaker 4: Yeah, all right, let's go to a really quick break
Speaker 4: on the flip side. We're going to dive into some
Speaker 4: practical steps you can take to keep those emotions in
Speaker 4: check and make sure that you're on the right path
Speaker 4: to reaching your financial goal.
Speaker 2: So guys, stay tuned, Welcome back.
Speaker 4: So we've been talking about the emotional ups and downs
Speaker 4: of investing, but now Brook, it is time that we
Speaker 4: get practical. I'm not a podcast that just motivates people, like,
Speaker 4: we actually need to give them practical steps and things
Speaker 4: that they can do to implement this. Do you know
Speaker 4: there's nothing worse and you've probably done it because like
Speaker 4: I feel like you are a ted talk early, Like
Speaker 4: you're the same as me. Like I love a motivational talk.
Speaker 4: I love watching other people speak, love going to a conference.
Speaker 4: There is nothing worse than walking out of a conference
Speaker 4: being like, I'm so motivated, she was so great. I
Speaker 4: don't know what to do, Like, we need to give
Speaker 4: people the tips and tricks that they can implement to
Speaker 4: actually get stuff done. I mean you're clearly doing it,
Speaker 4: because not only are you empowering people to invest, you're like,
Speaker 4: here's the actual investment platform, like you lead a horse.
Speaker 5: To Yeah, yeah, I like it.
Speaker 4: I like it Picasso. So now it's super easy to say,
Speaker 4: you know, we need to be investing for long term.
Speaker 4: We're talking about that before. But let's be really real,
Speaker 4: it's tough to stay motivated. Like you can walk out
Speaker 4: of the motivational presentation, you can listen to the podcast,
Speaker 4: you can be like investing Brook it's for me, yeah,
Speaker 4: And then life gets in the way and you just
Speaker 4: feel like the payoff is so far down the road.
Speaker 4: What's it going to take to compound nicely? Like seven
Speaker 4: to ten years? Like that just feels so far off.
Speaker 4: But how did you keep yourself pushing forward when you
Speaker 4: first started your investing journey and what helped you stay
Speaker 4: engaged and don't lose any focus even when progress sometimes
Speaker 4: feels slow And like I checked it yesterday and I've
Speaker 4: earned nothing.
Speaker 5: Honestly, the best thing to keep me on track is automation.
Speaker 5: Like that's literally about investing all the time.
Speaker 4: Why not I do, Welcome to the money. It's not
Speaker 4: that sexy though, No, no, no, not everybody you.
Speaker 5: Know and for most people too. It's just like the
Speaker 5: best way of managing money is having really good habits, essentially,
Speaker 5: and for me, it's about automation. So I have my
Speaker 5: autumn best set up if I was here in Australia,
Speaker 5: I'd be definitely doing roundups. We don't have that in
Speaker 5: New Zealand yet.
Speaker 4: But in New Zealand you also have investing for kids,
Speaker 4: and we don't have that. Exactly is we could do
Speaker 4: a little bit of a swat seat, let them have
Speaker 4: roundups and they can let us have investing for kids.
Speaker 5: That's exactly what we're working on the structure on at
Speaker 5: the moment. Yeah, and so just automatic investing, because I
Speaker 5: really want to make sure we're giving back because when
Speaker 5: you're investing, you're helping, you know, companies create jobs and
Speaker 5: for all this vision they have for the world that
Speaker 5: you want to have, you know, come to life. And
Speaker 5: also on funds too, you know. And so I think
Speaker 5: their automation for me is the biggest way that just
Speaker 5: makes me relax. I'm like, well, I know I'm putting
Speaker 5: a ctona amount of where I'm happy to every payday,
Speaker 5: and that's fine.
Speaker 2: You know.
Speaker 5: Yes, I might dabble on the side and do the
Speaker 5: satellite approach as we're talking about before, but that is
Speaker 5: the consistency and that is why I just sleep easy.
Speaker 4: And I think that's why I'm so clear about the
Speaker 4: approach I take because I don't want people hearing me go,
Speaker 4: oh my gosh, yeah, I did this research into this
Speaker 4: like farmer company or whatever. I'm thinking that that's the
Speaker 4: investing journey. It's not like my portfolio is so boring.
Speaker 4: But then I do some fun things and the fun
Speaker 4: things happen, not because you have to do that, but
Speaker 4: because Brookware on cheese on the money. I'm obsessed with
Speaker 4: the sher market. I love chatting about it. I love
Speaker 4: seeing what's going on. I really love good companies yeah people,
Speaker 4: and I really love reading an annual report. But that's
Speaker 4: not for everybody. And that's why I I guess Chazy's exists.
Speaker 4: And I feel like I'm a walking like billboard for
Speaker 4: Chass because whenever people are like, so what should I do,
Speaker 4: I'm like, well, sit down, so have you heard of Chazy? Literally,
Speaker 4: because I'm just like, not everybody wants to be as technical,
Speaker 4: and you can be, but sometimes you just want the
Speaker 4: spark notes version. I want you to tell me what
Speaker 4: does this company do, how does it do it? Where
Speaker 4: can I find it? You know, what are the spark
Speaker 4: notes of this? And that's what the Chasi's platform does.
Speaker 4: And then all of this other stuff I'm doing in
Speaker 4: the background. I guess a good question that I have
Speaker 4: for you. I mean, I think it's good because it's
Speaker 4: my question. It's going to be great.
Speaker 2: You're a CEO. That's pretty big dog.
Speaker 4: Are you investing differently now that you're a CEO than
Speaker 4: when you were just a salary and wage earning employee.
Speaker 4: Is there like some kind of like I'm cracking the
Speaker 4: code because now I have lots of money coming in?
Speaker 4: Or am I cracking the code because now I have
Speaker 4: a you know, really fancy career. I feel like people
Speaker 4: seem to think that because you have a very fancy
Speaker 4: job title, your investment portfolio must be oodle's more complicated.
Speaker 5: I would say it's changed more from being a founder
Speaker 5: and going through the process of starting a company that
Speaker 5: then I'm more exposed to other startups and things like
Speaker 5: that that I want to, you know, in a small
Speaker 5: way with a group of friends, we are trying to
Speaker 5: get more female shareholders and companies. We're going to talk
Speaker 5: about this offer. Honestly, I wanted to invest. I looked
Speaker 5: at platforms in New Zealand, but my first investments were
Speaker 5: through staff share scheme. So zero I got shares from
Speaker 5: working there, and that was my first actual ownership of
Speaker 5: a share, And so it wasn't till Chares is that
Speaker 5: I got to start investing and then we got to
Speaker 5: create it the way that But that's really cool. Yeah,
Speaker 5: but I was so ashamed that it wasn't there when
Speaker 5: we were younger. But I'm just so stoked it.
Speaker 2: But it wasn't as accessible.
Speaker 5: I mean, I did the same calculations you did, and
Speaker 5: I was just like, the cost of the transaction wasn't
Speaker 5: going to be worth the amount.
Speaker 4: Of money Anchorage was astronomical, Like, there's no way that
Speaker 4: when I started, I could have afforded to invest in
Speaker 4: the way that we recommend now, right, Like you spoke
Speaker 4: before about dolar cost averaging. For those of you who
Speaker 4: are like, oh my gosh, like I have not listened
Speaker 4: to enough Sheese on the money. That's essentially where you
Speaker 4: invest consistently and regularly, so that even if it's a
Speaker 4: good time in the market, you're investing. When it's a
Speaker 4: bad time in the market, you're investing, so that on
Speaker 4: average we can get access to all of the best
Speaker 4: days in the market. Whereas if I could time the
Speaker 4: market brook I'd be so rich, so would you like,
Speaker 4: we wouldn't even have to have investing platforms because we
Speaker 4: would be Warren Buffett.
Speaker 2: But we're not.
Speaker 4: Nobody can time the market, and the second best thing
Speaker 4: to timing the market is time in the market. So
Speaker 4: dolar cost averaging is literally making sure that you're investing
Speaker 4: consistently so that you know, if the market goes down,
Speaker 4: you get the little discount. If it's up, it's not
Speaker 4: so worrying because last month you got the discount and
Speaker 4: all averages out. But when I started my journey, that
Speaker 4: wasn't an option. I had to like get my money together.
Speaker 4: I worked out out what brokerage was going to cost,
Speaker 4: and it was going to be way too astronomical to
Speaker 4: do dollar cost averaging, and so then I had this
Speaker 4: additional stress of working out, well I can only afford
Speaker 4: to basically invest. I think it was like four times
Speaker 4: a year because of the amount of money I was investing,
Speaker 4: and I'm like, when's the best time? And then I
Speaker 4: get analysis paralysis. I remember one year being like I
Speaker 4: haven't invested at all because like I just couldn't find
Speaker 4: a time and dumping all my money in. And then
Speaker 4: something happened and I was like great, Like I didn't
Speaker 4: get that control. The idea that you can just do
Speaker 4: this for so cheap and so easy now to me
Speaker 4: is kind of wild brook. We've covered a lot today,
Speaker 4: from I guess the highs of market gains to the
Speaker 4: loads of like the nerve wracking dips. I still get
Speaker 4: that pit in the bottom of my stomach. But here
Speaker 4: are the golden rules. So keep your cool when in doubt,
Speaker 4: throom out, stay focused on the long term game, and
Speaker 4: let compound interest do what it does best, and that's
Speaker 4: making your money make even more money.
Speaker 5: Like I love that saying. It's like you can't work
Speaker 5: twenty four seven, but your money can. And it's like
Speaker 5: that's what happens. Your money starts earning money, that creates money,
Speaker 5: and it's incredible. Over time, you've typically compounded more money.
Speaker 5: Your money's made more money than you ever started putting
Speaker 5: in or even put in. I wish I could show
Speaker 5: that graf visually right now, but it's so important, like
Speaker 5: I think, for people to understand.
Speaker 2: So sorry, no, no, no, no, I love it.
Speaker 4: In the presentation that I did this morning, I was
Speaker 4: talking to the group of girls and I was so
Speaker 4: excited about it, and I was like, would anyone say
Speaker 4: no to a million dollars of free money? And they're
Speaker 4: all like no, obviously, because like we're not crazy, Like
Speaker 4: that's fine. But I was like, if you invest every
Speaker 4: single month for your entire career, five hundred dollars each
Speaker 4: and every single month, whether that is in your Keywi
Speaker 4: saver or it is in your superannuation, like, or you
Speaker 4: just want to do it externally, five hundred dollars every
Speaker 4: single month over that period of time, that becomes two
Speaker 4: hundred and forty thousand dollars. And they're all like, oh,
Speaker 4: that's a lot of money, and I'm like, yeah, I know,
Speaker 4: but that's just if you saved it. If you invested
Speaker 4: it with an average rate of return of seven and
Speaker 4: a half percent, which we know it's not it's more
Speaker 4: than that, but we like to be conservative, that becomes
Speaker 4: one point two to five million dollars. So I'm telling
Speaker 4: you that if you invested instead of saved that same
Speaker 4: amount of money, you could have a million dollars for
Speaker 4: free just by waiting.
Speaker 2: I love money.
Speaker 4: I want a million dollars for free, brook And I
Speaker 4: guess that's why to me it's so powerful, because that's
Speaker 4: what gives women in particular power, And I've never met
Speaker 4: anyone who's like, oh, yeah, when women get financially literate,
Speaker 4: world's a worst place. Like every time a woman becomes
Speaker 4: more financially literate, our entire world becomes a better place.
Speaker 4: Women help women. I'm seeing it literally in you. You're like,
Speaker 4: oh my gosh, now that I am a CEO, I
Speaker 4: have the funds to get together with my friends and
Speaker 4: help other women get into business or get them funded,
Speaker 4: Like this is happening around the world. Isn't that cool
Speaker 4: that you get to not only be a part of
Speaker 4: it in that aspect, but your investing platform is going
Speaker 4: to create these women into millionaires.
Speaker 5: I love that saying a rising time floats all boats,
Speaker 5: you know, And I think the there's so much more
Speaker 5: to do to empower more people to have more excess
Speaker 5: to opportunities.
Speaker 2: And yeah, I say that all the time.
Speaker 4: I feel like you and I are just like you're
Speaker 4: the blonde version of my brunette, because like I always say,
Speaker 4: a rising tide lifts all shits. Oh no, and like
Speaker 4: I'm always like no, no, no, Like it doesn't matter.
Speaker 4: We're all on the same page. Like there's more than
Speaker 4: enough out there like and that quote about like you
Speaker 4: don't make your light shine brighter by dimming somebody else's.
Speaker 4: I really like that one too. But now we've moved
Speaker 4: on to quotes, I think it's time to move off
Speaker 4: the show because I want to talk about investing for kids,
Speaker 4: which you know watch this space She's on the Money community.
Speaker 4: But Brooke, as always, it has been an absolute pleasure
Speaker 4: having you on the show.
Speaker 2: Thank you so much for sharing your wisdom with our community.
Speaker 4: Before you say goodbye, though, I obviously have to do
Speaker 4: a completely shameless plug. If you haven't joined chares E's,
Speaker 4: please don't forget that. If you sign up to Shares's
Speaker 4: using the code STM, you get a free ten dollars
Speaker 4: in your account to invest with. And did you see
Speaker 4: Brook the other day, our co host on our Wednesday episodes.
Speaker 4: Beck started investing and she now has eleven dollars invested,
Speaker 4: and I am so excited because ten of that was free.
Speaker 5: Be for real.
Speaker 4: We basically funded her entire investment portfolio so fast. I
Speaker 4: loved that, all right, Thank you, Brook, It has.
Speaker 2: Been a pleasure.
Speaker 5: Thank you so much. Appreciate it.
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