1 00:00:00,200 --> 00:00:09,080 Speaker 1: She's on the Money. She's on the Money. 2 00:00:12,680 --> 00:00:15,480 Speaker 2: Hello and welcome to She's on the Money, the podcast 3 00:00:15,520 --> 00:00:19,239 Speaker 2: for millennials who want financial freedom. My name is Georgia King. 4 00:00:19,280 --> 00:00:22,239 Speaker 2: I'm a copywriter and journalism student and every week I 5 00:00:22,280 --> 00:00:25,680 Speaker 2: sit down to chat finance and money things with Victoria 6 00:00:25,800 --> 00:00:29,040 Speaker 2: to find Melbourne based financial advisor Guru Lady. 7 00:00:29,280 --> 00:00:32,320 Speaker 3: Do you lucky lucky lady? But there's two other people 8 00:00:32,320 --> 00:00:35,320 Speaker 3: in the room that you haven't intruder. That's exactly delicious ways. 9 00:00:36,720 --> 00:00:40,560 Speaker 2: We are also joined by the lovely Ryan John and 10 00:00:40,920 --> 00:00:44,479 Speaker 2: the wonderful Jessica. Thank our community manager. We're all here 11 00:00:44,520 --> 00:00:47,159 Speaker 2: around the table. It's quite it's quite nice. This is 12 00:00:47,159 --> 00:00:48,200 Speaker 2: my first one with everyone. 13 00:00:49,600 --> 00:00:53,360 Speaker 3: Really fun, you improved, She's on the Money right now. 14 00:00:53,400 --> 00:00:55,800 Speaker 2: Today on our deep Dive episode, we're going to be 15 00:00:55,840 --> 00:00:59,120 Speaker 2: talking through the four key ways to invest property, the 16 00:00:59,120 --> 00:01:02,400 Speaker 2: share market, and fixed interest. So that'll give you an 17 00:01:02,400 --> 00:01:04,600 Speaker 2: overview of all of the ways you can invest in 18 00:01:04,640 --> 00:01:07,679 Speaker 2: twenty twenty one. Kick us off with property. 19 00:01:07,920 --> 00:01:10,920 Speaker 3: So property is obviously the most popular type of asset, 20 00:01:11,160 --> 00:01:13,479 Speaker 3: but the reason it is a good asset is because 21 00:01:13,520 --> 00:01:17,560 Speaker 3: it generates regular income from rent and also as an 22 00:01:17,600 --> 00:01:20,119 Speaker 3: asset it can increase in value and my favorite types 23 00:01:20,120 --> 00:01:22,440 Speaker 3: of investments and investments that kind of do both of 24 00:01:22,480 --> 00:01:24,080 Speaker 3: those for you. And I'll get into that in a 25 00:01:24,080 --> 00:01:26,160 Speaker 3: little bit more detail, But there are a number of 26 00:01:26,200 --> 00:01:29,120 Speaker 3: pros with property, right so, like capital growth over the 27 00:01:29,120 --> 00:01:32,200 Speaker 3: long term really important. You've got the ability to leverage, 28 00:01:32,240 --> 00:01:35,039 Speaker 3: which means that you can borrow against that property to 29 00:01:35,080 --> 00:01:37,440 Speaker 3: get another investment property, and it can kind of act 30 00:01:37,480 --> 00:01:41,160 Speaker 3: as a tool for you. You've got asset produced regular income, 31 00:01:41,319 --> 00:01:43,600 Speaker 3: so rent you get an income stream that can help 32 00:01:43,640 --> 00:01:45,840 Speaker 3: you pay off that mortgage if you've got a mortgage 33 00:01:45,840 --> 00:01:47,960 Speaker 3: that essentially can be paid off with that, or it 34 00:01:48,000 --> 00:01:50,560 Speaker 3: can help you along the way. And one of the 35 00:01:50,600 --> 00:01:52,600 Speaker 3: things that I think is really important to take into 36 00:01:52,600 --> 00:01:55,840 Speaker 3: consideration is that that asset is a physical asset, like 37 00:01:55,880 --> 00:01:57,280 Speaker 3: you can see it, you can touch it, you can 38 00:01:57,360 --> 00:01:59,040 Speaker 3: taste it, like you can sit on the front lawn 39 00:01:59,080 --> 00:02:01,320 Speaker 3: and you can eat a pizza. It is not something 40 00:02:01,440 --> 00:02:03,640 Speaker 3: like a share in that kind of feels a little 41 00:02:03,640 --> 00:02:06,720 Speaker 3: bit elusive, and often it's a more attractive asset purely 42 00:02:06,760 --> 00:02:09,600 Speaker 3: because people love physical things. And at the end of 43 00:02:09,600 --> 00:02:11,360 Speaker 3: the day, a house is worth a house if you 44 00:02:11,480 --> 00:02:12,600 Speaker 3: ask every baby booter. 45 00:02:13,040 --> 00:02:15,799 Speaker 1: Yeah, So we're obviously going to do a deep dive 46 00:02:15,840 --> 00:02:17,960 Speaker 1: episode into property investing in the next month or so, 47 00:02:18,080 --> 00:02:21,480 Speaker 1: but just quickly, what would be the one biggest pro 48 00:02:21,840 --> 00:02:24,120 Speaker 1: of property investing and maybe the one biggest con or 49 00:02:24,160 --> 00:02:26,040 Speaker 1: just something to keep in mind or to look out for. 50 00:02:26,240 --> 00:02:29,920 Speaker 3: So biggest pro would be the ability to generate income 51 00:02:30,120 --> 00:02:33,160 Speaker 3: via rent and capital growth and the ability for it 52 00:02:33,200 --> 00:02:36,000 Speaker 3: to increase in value over time. The biggest con for 53 00:02:36,080 --> 00:02:39,360 Speaker 3: me would actually be liquidity, which fancy word just means 54 00:02:39,360 --> 00:02:41,640 Speaker 3: you can get your cash out. It takes a while 55 00:02:41,720 --> 00:02:43,960 Speaker 3: to get cash out. And as much as people like, 56 00:02:43,960 --> 00:02:47,200 Speaker 3: oh my gosh, the share prices fluctuates so often, what 57 00:02:47,240 --> 00:02:49,720 Speaker 3: we don't see is property prices fluctuating because there's not 58 00:02:49,880 --> 00:02:51,920 Speaker 3: like dollar sign over the top of each house that 59 00:02:51,960 --> 00:02:54,600 Speaker 3: fluctuates and says, oh, this week, you know, something bad 60 00:02:54,680 --> 00:02:57,040 Speaker 3: happened on the streets, so it's you know, decreased in 61 00:02:57,120 --> 00:03:00,320 Speaker 3: value by fifty grand like that doesn't happen. The house 62 00:03:00,360 --> 00:03:02,680 Speaker 3: is only ever worth what somebody is willing to pay 63 00:03:02,680 --> 00:03:04,560 Speaker 3: for it at the time of sale, so you actually 64 00:03:04,560 --> 00:03:06,520 Speaker 3: have to have a buyer, whereas you can just sell 65 00:03:06,600 --> 00:03:09,560 Speaker 3: shares and be out within three business days, and often 66 00:03:09,600 --> 00:03:11,880 Speaker 3: it takes upwards of ninety days for you to even 67 00:03:11,919 --> 00:03:14,040 Speaker 3: get any of your capital back from a property, and 68 00:03:14,080 --> 00:03:17,600 Speaker 3: that's assuming you have a really smooth sailing sale. 69 00:03:18,160 --> 00:03:20,880 Speaker 2: Is there a basic rule V when it comes to property? 70 00:03:20,919 --> 00:03:24,160 Speaker 2: You know, with investing, you can kind of generally say 71 00:03:24,200 --> 00:03:26,720 Speaker 2: that whatever you invest in in ten years will what 72 00:03:26,800 --> 00:03:27,560 Speaker 2: is it double double? 73 00:03:27,800 --> 00:03:28,160 Speaker 1: Yeah? 74 00:03:28,200 --> 00:03:30,160 Speaker 2: So is that similar with property or is it just 75 00:03:30,200 --> 00:03:31,239 Speaker 2: a completely different space. 76 00:03:31,360 --> 00:03:33,800 Speaker 3: So it's interesting and we'll definitely get into it in 77 00:03:33,840 --> 00:03:37,360 Speaker 3: the property investing episode. But it's not what it used 78 00:03:37,400 --> 00:03:39,160 Speaker 3: to be. Over the last thirty years, we've seen the 79 00:03:39,160 --> 00:03:42,320 Speaker 3: property market have a raga of a time in Australia 80 00:03:42,360 --> 00:03:43,720 Speaker 3: and I think it's been really great. 81 00:03:44,160 --> 00:03:47,160 Speaker 1: I do great for people older than us, great for 82 00:03:47,240 --> 00:03:48,600 Speaker 1: us want to buy it exactly. 83 00:03:48,640 --> 00:03:51,280 Speaker 3: It's great for people older than us who are not 84 00:03:51,360 --> 00:03:54,120 Speaker 3: currently looking for their first homes. But I also think 85 00:03:54,160 --> 00:03:57,440 Speaker 3: it's really interesting because I do think property is still 86 00:03:57,440 --> 00:03:59,560 Speaker 3: a really great asset if you're buying the right thing, 87 00:03:59,760 --> 00:04:03,000 Speaker 3: and that is harder to do than it is to say. 88 00:04:03,320 --> 00:04:05,640 Speaker 1: All right. The next one, which is probably the biggest, 89 00:04:05,720 --> 00:04:07,960 Speaker 1: the juiciest, the most asked about, is shares. 90 00:04:08,120 --> 00:04:10,760 Speaker 3: So these are arguably my favorite, and I don't think 91 00:04:10,760 --> 00:04:14,600 Speaker 3: that that is a surprise to anybody. Shares are an 92 00:04:14,640 --> 00:04:17,920 Speaker 3: asset class which is very exciting. A share is when 93 00:04:17,960 --> 00:04:21,280 Speaker 3: you become a tiny stakeholder in a company. So a 94 00:04:21,360 --> 00:04:24,440 Speaker 3: share is you buying into that company and let's call 95 00:04:24,480 --> 00:04:26,599 Speaker 3: you a shareholder, and you become like a mini owner. 96 00:04:26,839 --> 00:04:29,200 Speaker 3: So when you become a mini owner, that means that 97 00:04:29,320 --> 00:04:31,479 Speaker 3: you are entitled to some of the profit that that 98 00:04:31,560 --> 00:04:35,080 Speaker 3: company generates, but you are also entitled to the growth 99 00:04:35,120 --> 00:04:37,719 Speaker 3: of that company. So say you bought Sheese on the 100 00:04:37,760 --> 00:04:40,359 Speaker 3: money a couple of years ago when everybody was like, 101 00:04:40,400 --> 00:04:43,120 Speaker 3: oh my gosh, lam your Facebook group has five friends 102 00:04:43,160 --> 00:04:46,520 Speaker 3: and three of them are your family. You bought it then, 103 00:04:46,680 --> 00:04:49,440 Speaker 3: and then over time it's increased in value. You would 104 00:04:49,440 --> 00:04:52,320 Speaker 3: be eligible for that growth should you sell your share 105 00:04:52,400 --> 00:04:55,040 Speaker 3: in that business. So that is one of the reasons 106 00:04:55,040 --> 00:04:57,480 Speaker 3: why it is my favorite type of asset because you 107 00:04:57,520 --> 00:05:00,720 Speaker 3: actually have both of those things. Obviously, there are a 108 00:05:00,800 --> 00:05:03,520 Speaker 3: number of pros liquid it is high. Back to what 109 00:05:03,560 --> 00:05:05,680 Speaker 3: we're saying, it's easy to dispose of a share, and 110 00:05:05,760 --> 00:05:07,800 Speaker 3: I know that saying something like dispose of a share 111 00:05:07,839 --> 00:05:10,240 Speaker 3: sounds a little bit complicated, but it just means selling 112 00:05:10,279 --> 00:05:12,560 Speaker 3: a share and you can have your money back in 113 00:05:12,600 --> 00:05:15,560 Speaker 3: your bank account within three business days, which is very cool. 114 00:05:15,880 --> 00:05:18,839 Speaker 3: Your capital actually grows and you don't actually have to 115 00:05:18,880 --> 00:05:21,039 Speaker 3: have a lot of capital to start, So a lot 116 00:05:21,080 --> 00:05:23,040 Speaker 3: of people will say, oh, my gosh, I'm saving for 117 00:05:23,120 --> 00:05:25,920 Speaker 3: my first home, like I need to get to x 118 00:05:25,960 --> 00:05:27,680 Speaker 3: amount or I need to save one hundred thousand dollars 119 00:05:27,720 --> 00:05:30,120 Speaker 3: before I can get into that, Whereas you can start 120 00:05:30,279 --> 00:05:32,480 Speaker 3: investing on the share market with as little as five dollars, 121 00:05:32,520 --> 00:05:35,200 Speaker 3: which I think is really cool. The value of shares 122 00:05:35,279 --> 00:05:38,360 Speaker 3: is also always known, like the share market is going 123 00:05:38,400 --> 00:05:41,120 Speaker 3: to tell you exactly what your share portfolio is worth. 124 00:05:41,400 --> 00:05:44,080 Speaker 3: Really important to mention there is that when you're talking 125 00:05:44,160 --> 00:05:47,559 Speaker 3: about what a share is worth, it is only worth 126 00:05:47,640 --> 00:05:50,320 Speaker 3: that if you sell that. So I think it's really 127 00:05:50,360 --> 00:05:53,080 Speaker 3: important to understand that if the market dips and you 128 00:05:53,360 --> 00:05:56,760 Speaker 3: currently have ten shares, you still own ten shares. They're 129 00:05:56,800 --> 00:05:59,520 Speaker 3: just currently valued it less should you exit the market 130 00:05:59,560 --> 00:06:02,560 Speaker 3: and sell. And a lot of people and that obviously 131 00:06:02,560 --> 00:06:04,920 Speaker 3: gets into emotional investing, which I'm super passionate about and 132 00:06:04,920 --> 00:06:06,640 Speaker 3: we're going to do an episode this season about it. 133 00:06:06,960 --> 00:06:09,520 Speaker 3: But I think that that's really important and back to 134 00:06:09,720 --> 00:06:12,679 Speaker 3: my favorite part. It does produce income and it has growth, 135 00:06:12,760 --> 00:06:14,640 Speaker 3: so that's pretty sexy outcome. 136 00:06:14,800 --> 00:06:16,840 Speaker 1: A pretty common question in the group. A lot of 137 00:06:16,839 --> 00:06:20,000 Speaker 1: people start investing by using the micro investing apps like 138 00:06:20,080 --> 00:06:22,120 Speaker 1: Spaceship and rays, which are really great, but a lot 139 00:06:22,160 --> 00:06:24,840 Speaker 1: of people say things like, oh, and when I get 140 00:06:24,960 --> 00:06:26,600 Speaker 1: enough from that, or I save up a bit more, 141 00:06:26,600 --> 00:06:30,200 Speaker 1: I'll start investing in inverted commas properly or into actual companies. 142 00:06:30,240 --> 00:06:31,960 Speaker 1: So what would be and I know there's maybe not 143 00:06:32,000 --> 00:06:34,839 Speaker 1: a hard fixed it, what would be the minimum that 144 00:06:34,880 --> 00:06:38,440 Speaker 1: people need to actually invest that's not micro investing, that's 145 00:06:38,560 --> 00:06:41,880 Speaker 1: you know, what's the what are we calling that proper investing. 146 00:06:41,560 --> 00:06:45,120 Speaker 3: Or yeah, like it's kind of like graduating from micro investing. 147 00:06:45,560 --> 00:06:48,240 Speaker 3: I think it's really important to note that micro investing 148 00:06:48,360 --> 00:06:51,200 Speaker 3: is really investing, and it is one of those things 149 00:06:51,240 --> 00:06:53,440 Speaker 3: that I think a lot of people aren't too clear 150 00:06:53,520 --> 00:06:56,239 Speaker 3: on that, Like, you are actually investing. It is money 151 00:06:56,240 --> 00:06:58,240 Speaker 3: that you're putting into the share market. It's just on 152 00:06:58,279 --> 00:07:01,800 Speaker 3: a different platform, and that platform is just owned by 153 00:07:01,839 --> 00:07:04,760 Speaker 3: lots and lots of people. So the next step would 154 00:07:04,800 --> 00:07:08,440 Speaker 3: be to I would say, have about five thousand dollars saved. 155 00:07:08,880 --> 00:07:11,600 Speaker 3: But the important thing there is to be able to 156 00:07:11,680 --> 00:07:14,760 Speaker 3: regularly commit to investing, So whether that is on a 157 00:07:14,760 --> 00:07:17,960 Speaker 3: monthly basis or a quarterly basis, having an amount that 158 00:07:18,000 --> 00:07:20,960 Speaker 3: you are putting into the share market, whether that is 159 00:07:21,040 --> 00:07:23,320 Speaker 3: five hundred dollars or three hundred dollars or even one 160 00:07:23,360 --> 00:07:25,640 Speaker 3: hundred dollars, like, you just need to make it a 161 00:07:25,680 --> 00:07:28,320 Speaker 3: priority because that is what is going to play into 162 00:07:28,320 --> 00:07:31,200 Speaker 3: the magic of compound interest and help your money grow 163 00:07:31,280 --> 00:07:32,800 Speaker 3: over time significantly. 164 00:07:33,160 --> 00:07:35,800 Speaker 2: So atfs V they come up in the Facebook group 165 00:07:35,840 --> 00:07:38,200 Speaker 2: a lot as well. Can you flush that throws out 166 00:07:38,200 --> 00:07:38,840 Speaker 2: a little bit more? 167 00:07:38,960 --> 00:07:41,880 Speaker 3: I can. Atfs are one of my favorite ways to invest. 168 00:07:41,880 --> 00:07:43,840 Speaker 3: I'd be like all shares are, like they're just a 169 00:07:43,880 --> 00:07:47,560 Speaker 3: really fun asset class. So an ETF is an exchange 170 00:07:47,680 --> 00:07:51,200 Speaker 3: traded fund, and an exchange traded fund is a low 171 00:07:51,240 --> 00:07:53,720 Speaker 3: cost way of earning a return that is very similar 172 00:07:53,720 --> 00:07:56,520 Speaker 3: to an index or a commodity, which is essentially just 173 00:07:56,560 --> 00:07:59,400 Speaker 3: a share, right, So they also really help you to 174 00:07:59,440 --> 00:08:03,320 Speaker 3: diversify your investment portfolio immediately. So when you buy a 175 00:08:03,360 --> 00:08:06,440 Speaker 3: direct share, so say I went and bought Woolworths, I 176 00:08:06,480 --> 00:08:09,600 Speaker 3: would not be well diversified because I would have one 177 00:08:09,640 --> 00:08:13,000 Speaker 3: asset in one asset class, and I would only be 178 00:08:13,120 --> 00:08:18,280 Speaker 3: exposed to one type of industry in Australia and whilst 179 00:08:18,360 --> 00:08:20,680 Speaker 3: that's not the worst thing, I would feel everything So 180 00:08:20,760 --> 00:08:23,960 Speaker 3: say will worst went completely bust, we would find ourselves 181 00:08:23,960 --> 00:08:25,640 Speaker 3: in a position where we lost to all that money. 182 00:08:25,880 --> 00:08:28,680 Speaker 3: And ETF is essentially a basket and this is what hey, 183 00:08:28,760 --> 00:08:30,960 Speaker 3: I always explain it is not because it's dumb down, 184 00:08:30,960 --> 00:08:33,120 Speaker 3: it's literally it is what it is. But essentially, an 185 00:08:33,120 --> 00:08:37,040 Speaker 3: ETF is a big basket that is full of different 186 00:08:37,080 --> 00:08:39,880 Speaker 3: shares that is run by a fund manager and he 187 00:08:40,080 --> 00:08:42,679 Speaker 3: has or she has or they have filled their basket 188 00:08:42,720 --> 00:08:44,839 Speaker 3: full of different shares that they've picked for really good 189 00:08:44,920 --> 00:08:48,680 Speaker 3: reasons to create diversification. So because they have heaps and 190 00:08:48,679 --> 00:08:50,880 Speaker 3: heaps of money to play with, they have been put 191 00:08:50,920 --> 00:08:52,800 Speaker 3: in a position where they are able to have a 192 00:08:52,840 --> 00:08:55,680 Speaker 3: whole heap of different industries and asset classes and often 193 00:08:55,840 --> 00:08:59,120 Speaker 3: global versus Australian shares. So when you buy into an 194 00:08:59,120 --> 00:09:03,320 Speaker 3: ETF with the one hundred dollars, you instantly get diversification. 195 00:09:03,720 --> 00:09:06,719 Speaker 3: And diversification is really important because we never want to 196 00:09:06,760 --> 00:09:09,839 Speaker 3: put all of our eggs in one basket because if 197 00:09:09,840 --> 00:09:11,840 Speaker 3: we do and we drop that basket, we've broken all 198 00:09:11,880 --> 00:09:12,360 Speaker 3: of our eggs. 199 00:09:12,480 --> 00:09:14,560 Speaker 2: Yeah, so that kind of makes it easier. I guess 200 00:09:14,600 --> 00:09:17,280 Speaker 2: if someone's kind of diversifying it for you, it takes 201 00:09:17,320 --> 00:09:20,440 Speaker 2: the thinking out of it. Is that what happens when 202 00:09:20,440 --> 00:09:24,200 Speaker 2: we invest in those microinvesting platforms is that are they ETFs? 203 00:09:24,920 --> 00:09:27,280 Speaker 3: Yes and no? So it depends on where you're going 204 00:09:27,320 --> 00:09:29,920 Speaker 3: and what you're doing. The two most popular platforms in 205 00:09:29,920 --> 00:09:32,840 Speaker 3: the Shees on the money community are Raise and Spaceship. 206 00:09:33,200 --> 00:09:36,319 Speaker 3: Raise operates with ETFs and has a number of different 207 00:09:36,320 --> 00:09:40,120 Speaker 3: ones in their portfolios, whereas spaceship is a managed fund. 208 00:09:40,360 --> 00:09:42,439 Speaker 2: Like it sounds like almost too good to be true, 209 00:09:42,440 --> 00:09:44,800 Speaker 2: like are they making are they getting a cut out 210 00:09:44,840 --> 00:09:45,120 Speaker 2: of it? 211 00:09:45,240 --> 00:09:45,520 Speaker 1: Okay? 212 00:09:45,520 --> 00:09:46,640 Speaker 2: So what the books that look like? 213 00:09:46,760 --> 00:09:50,280 Speaker 3: So fees on an ETF often you'll have to pay brokerage, 214 00:09:50,320 --> 00:09:52,880 Speaker 3: So it depends on how you've purchased them. And the 215 00:09:52,920 --> 00:09:55,520 Speaker 3: way you purchase these funds is through a platform, right, 216 00:09:55,559 --> 00:09:58,840 Speaker 3: So it could be through like comsac or nab trade, 217 00:09:58,880 --> 00:10:01,160 Speaker 3: it could be through things open markets, it could be 218 00:10:01,160 --> 00:10:04,400 Speaker 3: through a number of different just platforms. Those aren't recommended platforms, 219 00:10:04,400 --> 00:10:06,200 Speaker 3: by the way, they're just platforms that I've thought of, 220 00:10:06,600 --> 00:10:09,720 Speaker 3: But essentially you can buy an ETF through them. You'll 221 00:10:09,720 --> 00:10:12,160 Speaker 3: have to pay brokerage for that platform, but then you'll 222 00:10:12,160 --> 00:10:15,880 Speaker 3: also pay a fee. Now, fees on ETFs are usually 223 00:10:15,960 --> 00:10:18,720 Speaker 3: below one percent, but they will definitely depend on how 224 00:10:18,800 --> 00:10:21,680 Speaker 3: the ETF is structured and who manages it, and what 225 00:10:21,720 --> 00:10:24,440 Speaker 3: their expected performance is going to be, So they would 226 00:10:24,559 --> 00:10:27,840 Speaker 3: vary from anywhere between point two percent. And they call 227 00:10:27,920 --> 00:10:30,679 Speaker 3: these basis points, but we just call them percent So 228 00:10:30,840 --> 00:10:33,680 Speaker 3: point two percent of your portfolio all the way up 229 00:10:33,760 --> 00:10:36,480 Speaker 3: to like maybe zero point nine percent of your portfolio. 230 00:10:36,520 --> 00:10:39,559 Speaker 3: Anything above that for ANYTF I'd think is wildly ridiculous. 231 00:10:39,880 --> 00:10:43,000 Speaker 1: Does that mean obviously their percentages, But is that why 232 00:10:43,040 --> 00:10:45,040 Speaker 1: it's important to have a fair bit to get started, 233 00:10:45,320 --> 00:10:47,720 Speaker 1: because that can eat away your money if you don't 234 00:10:47,720 --> 00:10:48,319 Speaker 1: have much in there. 235 00:10:48,400 --> 00:10:51,280 Speaker 3: Yeah, absolutely, and so can brokerage. So brokerage on some 236 00:10:51,320 --> 00:10:54,000 Speaker 3: platforms can be like thirty dollars. So I think it's 237 00:10:54,120 --> 00:10:56,400 Speaker 3: really important to make sure that you know, if you're 238 00:10:56,440 --> 00:10:58,880 Speaker 3: putting one hundred dollars into the share market but you're 239 00:10:58,880 --> 00:11:01,480 Speaker 3: paying thirty dollars brokerae, well you just lost thirty percent 240 00:11:01,520 --> 00:11:05,320 Speaker 3: of your portfolio by investing, and it just doesn't make sense, 241 00:11:05,320 --> 00:11:08,040 Speaker 3: which is why we would recommend higher amounts so if 242 00:11:08,080 --> 00:11:11,520 Speaker 3: you're then investing one thousand dollars instead, for example, that 243 00:11:11,559 --> 00:11:15,600 Speaker 3: becomes three percent. And obviously things decrease when you introduce scale, 244 00:11:15,600 --> 00:11:17,160 Speaker 3: which is why it's really important to also have a 245 00:11:17,200 --> 00:11:21,400 Speaker 3: platform that doesn't charge exorbitant brokerage fees because you don't 246 00:11:21,440 --> 00:11:24,000 Speaker 3: want essentially to buy yourself in the butt before you 247 00:11:24,080 --> 00:11:24,680 Speaker 3: even start. 248 00:11:24,880 --> 00:11:27,600 Speaker 2: So a lot of pros with investing in the stock 249 00:11:27,640 --> 00:11:30,640 Speaker 2: market v but what about the negatives or of the cons. 250 00:11:30,600 --> 00:11:34,199 Speaker 3: So obviously it can make you feel emotionally a little 251 00:11:34,200 --> 00:11:36,520 Speaker 3: bit taxed. Seeing what something is worth all the time 252 00:11:36,640 --> 00:11:39,040 Speaker 3: can induce a number of levels of stress. It can 253 00:11:39,080 --> 00:11:41,400 Speaker 3: make you feel anxious or you know, if you feel 254 00:11:41,440 --> 00:11:43,319 Speaker 3: like your friends are getting into something, you can have 255 00:11:43,400 --> 00:11:45,200 Speaker 3: a little bit of fomo. I think it's really important 256 00:11:45,240 --> 00:11:47,640 Speaker 3: to take that into consideration. But then when it comes 257 00:11:47,679 --> 00:11:51,240 Speaker 3: to things like ETFs, the important thing to remember there 258 00:11:51,320 --> 00:11:54,960 Speaker 3: is they are fantastic for diversification, but you are not 259 00:11:55,080 --> 00:11:58,880 Speaker 3: the underlying owner of that asset. So say you decied 260 00:11:58,920 --> 00:12:01,400 Speaker 3: you don't want to own a Z for some reason anymore, 261 00:12:01,480 --> 00:12:03,880 Speaker 3: you don't actually have the option of removing that from 262 00:12:03,920 --> 00:12:07,040 Speaker 3: your ETF. It just is a part of that ETF. 263 00:12:07,440 --> 00:12:10,240 Speaker 3: But not being the underlying owner means you could also 264 00:12:10,360 --> 00:12:13,120 Speaker 3: own something that you love and have it sold without 265 00:12:13,400 --> 00:12:15,800 Speaker 3: you having any say in it, but also something that 266 00:12:15,840 --> 00:12:18,120 Speaker 3: you don't like could have been added to your portfolio. 267 00:12:18,360 --> 00:12:20,640 Speaker 3: So I think it's really important to understand that. Whereas 268 00:12:20,679 --> 00:12:23,719 Speaker 3: with direct shares it's completely in your control, like you 269 00:12:23,760 --> 00:12:26,960 Speaker 3: would be the underlying owner of that, with ETFs it 270 00:12:27,000 --> 00:12:29,040 Speaker 3: can be a little bit more murky. I think maybe 271 00:12:29,080 --> 00:12:31,520 Speaker 3: murky is a little bit too dramatic, but it definitely 272 00:12:31,679 --> 00:12:34,840 Speaker 3: is that you are not the underlying owner of that asset. 273 00:12:35,160 --> 00:12:38,480 Speaker 3: And for me as an investor, ETFs are great. Yes, 274 00:12:38,520 --> 00:12:41,680 Speaker 3: I currently do own ETFs, but in the future, once 275 00:12:41,760 --> 00:12:44,160 Speaker 3: things do get larger, I do really want to move 276 00:12:44,200 --> 00:12:46,520 Speaker 3: to owning direct shares because it means that I can 277 00:12:46,800 --> 00:12:49,559 Speaker 3: one own less companies and have a little bit more 278 00:12:49,600 --> 00:12:52,120 Speaker 3: conviction in the companies. I'm not talking about just owning 279 00:12:52,120 --> 00:12:54,480 Speaker 3: two or three I'm talking maybe like ten or eleven 280 00:12:54,559 --> 00:12:58,200 Speaker 3: or twelve different companies, but I have complete control over 281 00:12:58,520 --> 00:13:01,240 Speaker 3: every single one of those. That will only be after 282 00:13:01,400 --> 00:13:03,600 Speaker 3: I have a couple of one hundred thousand dollars invested 283 00:13:03,600 --> 00:13:05,280 Speaker 3: in my friends. We are not there yet. 284 00:13:06,800 --> 00:13:09,200 Speaker 1: You often talk about you need to be willing to 285 00:13:09,440 --> 00:13:12,240 Speaker 1: invest in the long term to ride the ups and downs. Yes, 286 00:13:12,320 --> 00:13:14,839 Speaker 1: just real quick in your definition and when you talk 287 00:13:14,880 --> 00:13:18,079 Speaker 1: to your clients, what's your definition of short term, midterm, 288 00:13:18,120 --> 00:13:20,800 Speaker 1: long term? How long is actually long term? 289 00:13:20,800 --> 00:13:23,840 Speaker 3: So short term i'd be talking like less than three years, 290 00:13:23,840 --> 00:13:25,880 Speaker 3: in which case I would say, please don't invest, go 291 00:13:25,960 --> 00:13:27,800 Speaker 3: look for a high interest savings account if you can 292 00:13:27,800 --> 00:13:30,840 Speaker 3: find one that is still high interest in this current 293 00:13:30,960 --> 00:13:34,680 Speaker 3: market place. Medium term would be like five to seven years, 294 00:13:34,679 --> 00:13:37,920 Speaker 3: in which case investing is a bit risky because we 295 00:13:38,000 --> 00:13:40,880 Speaker 3: don't have a whole heap of exposure to time to 296 00:13:41,080 --> 00:13:43,840 Speaker 3: you know, compensate for the risk that we are taking. 297 00:13:44,080 --> 00:13:46,200 Speaker 3: And then I would say long term investing is anything 298 00:13:46,200 --> 00:13:46,960 Speaker 3: above ten years. 299 00:13:47,280 --> 00:13:49,400 Speaker 1: We'll get to cash and fixed interest in a moment, 300 00:13:49,440 --> 00:13:51,440 Speaker 1: But first, a message from some friends of the show. 301 00:13:55,600 --> 00:13:59,599 Speaker 2: Alrighty VSA, we've chatted property, stock market. We've got a 302 00:13:59,640 --> 00:14:02,080 Speaker 2: few more want to get to to continue these conversations 303 00:14:02,120 --> 00:14:05,280 Speaker 2: as well. Guys, don't forget about our amazing Facebook group 304 00:14:05,280 --> 00:14:07,000 Speaker 2: which is popping off. How many people are in there now, 305 00:14:07,040 --> 00:14:09,560 Speaker 2: like two hundred thousand. We're getting there, we get at it. 306 00:14:09,679 --> 00:14:12,760 Speaker 3: We're definitely not there yet, but we are at one twenty. 307 00:14:13,000 --> 00:14:16,080 Speaker 3: That's pretty uguly. Yeah, and we officially guys have a 308 00:14:16,120 --> 00:14:22,000 Speaker 3: community manager Jessica say hello, Hello, that's so dramatic, probably 309 00:14:22,040 --> 00:14:23,200 Speaker 3: because she's busy managing it. 310 00:14:25,640 --> 00:14:28,480 Speaker 1: So the next one, are we doing cash or fixed interests? 311 00:14:28,520 --> 00:14:28,800 Speaker 1: All right? 312 00:14:28,840 --> 00:14:31,440 Speaker 3: So let's do cash next, because I feel like everybody 313 00:14:31,520 --> 00:14:35,760 Speaker 3: understands cash at a base level. Cash is literally what 314 00:14:35,800 --> 00:14:38,280 Speaker 3: I'm saying it is. It is cash. It is a 315 00:14:38,320 --> 00:14:40,880 Speaker 3: great asset to hold when you need easy access to 316 00:14:40,920 --> 00:14:43,480 Speaker 3: your capital really quickly. So we're talking about if you're 317 00:14:43,520 --> 00:14:45,560 Speaker 3: planning on buying a home in the next two years, 318 00:14:45,840 --> 00:14:48,200 Speaker 3: I get this message a lot. Actually, Hey, Victoria, what's 319 00:14:48,200 --> 00:14:50,320 Speaker 3: only you investing for the next two years? I want 320 00:14:50,320 --> 00:14:52,880 Speaker 3: to buy a property. It's like, do not invest that cash. 321 00:14:52,920 --> 00:14:54,560 Speaker 3: It needs to be sitting in your bank account so 322 00:14:54,600 --> 00:14:56,680 Speaker 3: that you have easy access to it. I want you 323 00:14:56,720 --> 00:14:59,040 Speaker 3: to have a high interest bank account where possible. And 324 00:14:59,080 --> 00:15:01,000 Speaker 3: if you've got fees on you bank account, my friend, 325 00:15:01,040 --> 00:15:04,240 Speaker 3: it is twenty twenty one review that asap, go visit 326 00:15:04,240 --> 00:15:06,040 Speaker 3: my friends at our bank. That's not sponsored. I'm just 327 00:15:06,080 --> 00:15:06,920 Speaker 3: obsessed with them. 328 00:15:07,040 --> 00:15:09,280 Speaker 1: Or usually if you call and just say, oh, another 329 00:15:09,320 --> 00:15:11,160 Speaker 1: bank's got no fees, that would waive them like it's 330 00:15:11,160 --> 00:15:11,920 Speaker 1: pretty flexible. 331 00:15:12,240 --> 00:15:15,480 Speaker 3: Yeah, I just feel like, ask and you won't. Don't 332 00:15:15,520 --> 00:15:18,200 Speaker 3: ask and you won't get. Don't get Yeah, don'tuts, don't 333 00:15:18,200 --> 00:15:20,120 Speaker 3: get Go ask them to take their fees away, or 334 00:15:20,160 --> 00:15:22,160 Speaker 3: you will take your business away goodbye. 335 00:15:22,280 --> 00:15:25,520 Speaker 1: Just to confirm, cash means cash in banks and savings account. 336 00:15:25,520 --> 00:15:26,560 Speaker 1: It doesn't mean under the matter. 337 00:15:27,200 --> 00:15:29,520 Speaker 3: No, it doesn't mean under the mattress. That is very 338 00:15:29,880 --> 00:15:33,040 Speaker 3: nineteen seventies of you. But I also think it's really 339 00:15:33,040 --> 00:15:36,800 Speaker 3: important to note that cash is a really important part 340 00:15:36,880 --> 00:15:40,640 Speaker 3: of a well diversified investment portfolio. So cash could be 341 00:15:40,720 --> 00:15:43,720 Speaker 3: cash in your bank account that you currently have, whether 342 00:15:43,800 --> 00:15:46,080 Speaker 3: that is you know, just what's in your savings account 343 00:15:46,120 --> 00:15:48,640 Speaker 3: or what is just in your transaction account. But it 344 00:15:48,760 --> 00:15:51,560 Speaker 3: is also an asset class that in an investment portfolio 345 00:15:51,600 --> 00:15:53,920 Speaker 3: we would hope we would hold as well. But it 346 00:15:53,960 --> 00:15:56,240 Speaker 3: would depend on your risk profile. So when I talk 347 00:15:56,240 --> 00:15:58,480 Speaker 3: about your risk profile, that's you know, how risky you 348 00:15:58,480 --> 00:16:01,280 Speaker 3: want to be. Are you conservative or are you a 349 00:16:01,400 --> 00:16:04,000 Speaker 3: risk taker who wants to take over the world and 350 00:16:04,040 --> 00:16:06,200 Speaker 3: you don't particularly care about the ebbs and flows of 351 00:16:06,240 --> 00:16:09,560 Speaker 3: the share market. So first, before we invest, we really 352 00:16:09,600 --> 00:16:11,680 Speaker 3: need to understand that we're going to do an Entiger 353 00:16:11,800 --> 00:16:14,880 Speaker 3: episode so that we can understand our risk profiles together. 354 00:16:15,560 --> 00:16:18,240 Speaker 3: But cash can also be a part of that. And 355 00:16:18,320 --> 00:16:21,520 Speaker 3: some ETFs actually carry cash, so you might see on 356 00:16:21,800 --> 00:16:24,520 Speaker 3: their list of what they actually hold, they might just 357 00:16:24,560 --> 00:16:27,440 Speaker 3: say cash three or four percent, and that is literally 358 00:16:27,600 --> 00:16:29,680 Speaker 3: money sitting in their account so that they can have 359 00:16:30,000 --> 00:16:32,480 Speaker 3: a really low return, but it kind of makes things 360 00:16:32,520 --> 00:16:33,840 Speaker 3: a little bit more stable. 361 00:16:34,080 --> 00:16:35,840 Speaker 1: Is there anything like? Cash is pretty basic? 362 00:16:35,920 --> 00:16:38,960 Speaker 3: R Cash is super basic, But it's something that I 363 00:16:39,000 --> 00:16:41,360 Speaker 3: think you guys need to understand because when you do 364 00:16:41,520 --> 00:16:44,360 Speaker 3: get into investing, it is an important part of an 365 00:16:44,360 --> 00:16:47,920 Speaker 3: investment portfolio, and you will see it on things like ETFs. 366 00:16:48,120 --> 00:16:49,600 Speaker 3: You will see you know, if you go see a 367 00:16:49,640 --> 00:16:52,160 Speaker 3: financial advisor, they might recommend that you hold a certain 368 00:16:52,200 --> 00:16:54,760 Speaker 3: percent of cash because of your risk profile, and you 369 00:16:54,840 --> 00:16:57,000 Speaker 3: might go, yeah, okay, that makes sense, all right. 370 00:16:57,040 --> 00:17:01,360 Speaker 1: So the final one is fixed interest? What is in general? 371 00:17:01,360 --> 00:17:03,680 Speaker 1: And then I guess people who are considering this as 372 00:17:03,680 --> 00:17:05,640 Speaker 1: an investment choice, what are they looking at it for? 373 00:17:05,960 --> 00:17:09,159 Speaker 3: So fixed interest is also a really interesting asset. Is 374 00:17:09,320 --> 00:17:12,320 Speaker 3: very similar to cash in that it is lower risk 375 00:17:12,400 --> 00:17:15,879 Speaker 3: and lower return. The most well known types of fixed 376 00:17:15,880 --> 00:17:18,680 Speaker 3: interest is a bond. So a bond is essentially when 377 00:17:18,840 --> 00:17:21,639 Speaker 3: the government or companies borrow money from investors and then 378 00:17:21,640 --> 00:17:24,440 Speaker 3: they pay them a rate of interest in return. Now, 379 00:17:24,480 --> 00:17:27,080 Speaker 3: we are known in Australia for having really good returns 380 00:17:27,119 --> 00:17:30,280 Speaker 3: on bonds because the Australian government has never to date 381 00:17:30,440 --> 00:17:34,200 Speaker 3: defaulted on a bond, which makes it quite a secure asset. Essentially, 382 00:17:34,200 --> 00:17:37,520 Speaker 3: they'll say, hey, Victoria, we really want to build some 383 00:17:37,640 --> 00:17:40,440 Speaker 3: new roads, but we need to raise some capital. Put 384 00:17:40,480 --> 00:17:43,280 Speaker 3: your money into our account, buy a bond and they 385 00:17:43,359 --> 00:17:45,879 Speaker 3: essentially hand over a certificate that says bond and the 386 00:17:45,920 --> 00:17:49,399 Speaker 3: amount that you lent them on it, and it also 387 00:17:49,440 --> 00:17:52,040 Speaker 3: says plus you'll get three or four percent. So it's 388 00:17:52,119 --> 00:17:54,440 Speaker 3: not something like the share market, which on average has 389 00:17:54,480 --> 00:17:57,080 Speaker 3: returns of about between seven and a half and eleven 390 00:17:57,119 --> 00:18:00,200 Speaker 3: percent depending on what you're investing in, but it is 391 00:18:00,240 --> 00:18:03,239 Speaker 3: a lot more secure. Often your capital is tied up 392 00:18:03,280 --> 00:18:05,000 Speaker 3: for a period of time, so a bond might be 393 00:18:05,040 --> 00:18:07,880 Speaker 3: issued and it's a ten year bond, so essentially for 394 00:18:07,920 --> 00:18:09,840 Speaker 3: you to get all the money that you're promised, you'll 395 00:18:09,880 --> 00:18:11,680 Speaker 3: have to wait ten years and it'll get paid back 396 00:18:11,680 --> 00:18:14,159 Speaker 3: at that point. But essentially the government will give you 397 00:18:14,160 --> 00:18:15,320 Speaker 3: your money back. 398 00:18:15,640 --> 00:18:19,320 Speaker 1: So what kind of person would consider fixed interest as 399 00:18:19,359 --> 00:18:21,639 Speaker 1: a good idea for them, Because I feel like, as 400 00:18:21,680 --> 00:18:24,000 Speaker 1: much as it seems simple, not a lot of people 401 00:18:24,080 --> 00:18:25,240 Speaker 1: talk about it, Like, I don't. 402 00:18:25,119 --> 00:18:27,359 Speaker 3: Know, I think bonds are really cool and there, and 403 00:18:27,400 --> 00:18:30,480 Speaker 3: I say again, a bond is a really exciting part 404 00:18:30,560 --> 00:18:33,800 Speaker 3: of a well diversified investment portfolio. I own bonds as 405 00:18:33,800 --> 00:18:36,520 Speaker 3: a part of my portfolio, and it's something that gives 406 00:18:36,560 --> 00:18:39,320 Speaker 3: me the stability in my portfolio so that, you know, 407 00:18:39,480 --> 00:18:42,000 Speaker 3: if my shares are performing, you know, not so well, 408 00:18:42,040 --> 00:18:44,000 Speaker 3: it's the thing that kind of like lifts the rest 409 00:18:44,000 --> 00:18:46,639 Speaker 3: of the portfolio up. So I don't on average ce 410 00:18:46,840 --> 00:18:49,719 Speaker 3: negative returns. But for me, a bond is a really 411 00:18:49,760 --> 00:18:52,200 Speaker 3: great way to start investing. If you're super conservative, like 412 00:18:52,280 --> 00:18:54,159 Speaker 3: if you don't want to take risks, the idea of 413 00:18:54,200 --> 00:18:56,760 Speaker 3: the share market terrifies you, Like that is something that 414 00:18:57,000 --> 00:18:59,160 Speaker 3: you know, maybe you should look into if you're still 415 00:18:59,200 --> 00:19:01,439 Speaker 3: not happy with your cash sitting in your bank account. 416 00:19:01,520 --> 00:19:03,880 Speaker 1: Yeah, ll Georgia. From all the money diaries we did 417 00:19:03,960 --> 00:19:06,200 Speaker 1: last year, how many times do you think you heard 418 00:19:06,240 --> 00:19:08,720 Speaker 1: something along the lines of I've saved up heaps, I 419 00:19:08,760 --> 00:19:10,280 Speaker 1: want to invest I'm a bit scared and don't know 420 00:19:10,280 --> 00:19:10,919 Speaker 1: where to stay r. 421 00:19:11,119 --> 00:19:12,840 Speaker 2: I feel like that was most of them. It's like, 422 00:19:12,960 --> 00:19:15,159 Speaker 2: I'm a B plus, but I give myself an A 423 00:19:15,359 --> 00:19:17,880 Speaker 2: if I knew how to invest, Like that was everyone's goal. 424 00:19:18,160 --> 00:19:19,560 Speaker 3: And that's what we're going to do this year. We 425 00:19:19,600 --> 00:19:22,320 Speaker 3: are going to get you guys so excited to invest 426 00:19:22,480 --> 00:19:25,159 Speaker 3: and so empowered to invest that you will know what 427 00:19:25,240 --> 00:19:27,960 Speaker 3: the difference between an ordinary share and a preferential share 428 00:19:28,040 --> 00:19:29,359 Speaker 3: is and you will be able to tell me. 429 00:19:29,560 --> 00:19:31,440 Speaker 1: So are we saying that fixed interest for those people 430 00:19:31,520 --> 00:19:33,159 Speaker 1: that have the money that are a bit scared is 431 00:19:33,480 --> 00:19:35,159 Speaker 1: maybe a good way to get into it because it 432 00:19:35,200 --> 00:19:36,240 Speaker 1: is a bit safer. Yeah. 433 00:19:36,280 --> 00:19:38,959 Speaker 3: Absolutely, And I think it's also I think it sounds 434 00:19:38,960 --> 00:19:42,919 Speaker 3: really lame, but it's also an older person asset because 435 00:19:42,960 --> 00:19:46,680 Speaker 3: you'll often see people who are in the retirement phases 436 00:19:46,800 --> 00:19:50,879 Speaker 3: of their lives picking things like bonds because they're super conservative, 437 00:19:50,920 --> 00:19:55,199 Speaker 3: but they have really good, generally stable returns. So if 438 00:19:55,240 --> 00:19:58,000 Speaker 3: you buy a bond, you are pretty much guaranteed and 439 00:19:58,080 --> 00:20:01,240 Speaker 3: like we say, pretty much not actually guaranteed, you know 440 00:20:01,359 --> 00:20:04,280 Speaker 3: that three or four percent return. Once these people are 441 00:20:04,400 --> 00:20:06,760 Speaker 3: at retirement age, often they're talking about, you know, maybe 442 00:20:06,760 --> 00:20:09,200 Speaker 3: having a million dollars or having three hundred thousand dollars 443 00:20:09,320 --> 00:20:11,240 Speaker 3: that they put into a bond, and they just want 444 00:20:11,280 --> 00:20:14,000 Speaker 3: consistent cash flow, and you're happy to, you know, not 445 00:20:14,119 --> 00:20:16,560 Speaker 3: be so risky because when you are in the retirement 446 00:20:16,600 --> 00:20:18,399 Speaker 3: phases of your life, you do not want to be 447 00:20:18,440 --> 00:20:21,320 Speaker 3: taking massive risks because the loss of capital is going 448 00:20:21,359 --> 00:20:24,000 Speaker 3: to significantly hurt you. Whereas if you're a twenty year 449 00:20:24,000 --> 00:20:27,600 Speaker 3: old thinking about starting to invest, taking a massive risk 450 00:20:27,680 --> 00:20:29,840 Speaker 3: and losing everything you've earned, and I know that sounds 451 00:20:29,880 --> 00:20:32,280 Speaker 3: really dramatic, but you've got five grand, You've got heaps 452 00:20:32,280 --> 00:20:33,960 Speaker 3: of time to make that back. So we actually have 453 00:20:34,040 --> 00:20:35,919 Speaker 3: the ability to be a bit more risky, not that 454 00:20:35,960 --> 00:20:38,960 Speaker 3: we want that to happen, but that's me boiling it down, 455 00:20:39,119 --> 00:20:39,480 Speaker 3: all right. 456 00:20:39,560 --> 00:20:42,359 Speaker 1: So just to recap the four main types of investments 457 00:20:42,840 --> 00:20:47,120 Speaker 1: investment properties, shares, cash, and fixed interest, and we will 458 00:20:47,160 --> 00:20:49,560 Speaker 1: be doing an individual episode on all of those. 459 00:20:49,400 --> 00:20:52,440 Speaker 3: Four as well as risk profiling so that you guys 460 00:20:52,520 --> 00:20:54,920 Speaker 3: understand what might be the best asset for you. And 461 00:20:54,960 --> 00:20:57,000 Speaker 3: I think we can make a really fun questionnaire to 462 00:20:57,040 --> 00:20:58,520 Speaker 3: go along with it that you could fill in. 463 00:20:58,680 --> 00:21:00,399 Speaker 1: Yeah, well, I was going to say, jes do you 464 00:21:00,440 --> 00:21:03,080 Speaker 1: want to put it in the Facebook group, maybe a 465 00:21:03,160 --> 00:21:04,840 Speaker 1: post about each of the for say, what are your 466 00:21:04,880 --> 00:21:06,560 Speaker 1: questions about this? So then in the episode we can 467 00:21:06,600 --> 00:21:07,480 Speaker 1: answer everyone's question. 468 00:21:07,560 --> 00:21:08,439 Speaker 3: Yes, I love that. 469 00:21:08,840 --> 00:21:10,400 Speaker 1: Let's definitely do that. Awesome. 470 00:21:10,520 --> 00:21:13,960 Speaker 2: Alrighty, fab chat today guys, And just to give you 471 00:21:13,960 --> 00:21:15,359 Speaker 2: a little bit of a tease, a little bit of 472 00:21:15,720 --> 00:21:18,200 Speaker 2: a sample of things to come, we will be all 473 00:21:18,280 --> 00:21:23,359 Speaker 2: chatting on Friday about the investments that we have. Spoilers. 474 00:21:23,520 --> 00:21:25,800 Speaker 2: I don't have many, but that's all right. We'll talk 475 00:21:25,800 --> 00:21:27,439 Speaker 2: about that on Friday. I think we've got some Guava 476 00:21:27,480 --> 00:21:30,800 Speaker 2: cruisers lined up, so I know. I'm excited, guys. 477 00:21:30,840 --> 00:21:33,359 Speaker 3: I mean, you'll be there with Belles. I knew I 478 00:21:33,400 --> 00:21:35,720 Speaker 3: had to tell you that I would organize something special 479 00:21:35,760 --> 00:21:37,600 Speaker 3: to get you there. It was just so worried that 480 00:21:37,640 --> 00:21:41,680 Speaker 3: you'd you know, yeah or a Guava Cruises have got 481 00:21:41,680 --> 00:21:43,800 Speaker 3: me back. All right, But just before we head off, 482 00:21:43,840 --> 00:21:46,719 Speaker 3: we'd really like to acknowledge and pay respects to Australia's 483 00:21:46,760 --> 00:21:50,159 Speaker 3: Aboriginal and Torres Strait islander peoples. The traditional custodians is 484 00:21:50,240 --> 00:21:53,320 Speaker 3: the lands, the waterways and the skies all across Australia. 485 00:21:53,680 --> 00:21:55,840 Speaker 3: We thank you for sharing and for caring for the land, 486 00:21:55,880 --> 00:21:58,040 Speaker 3: on which we are able to learn. We pay our 487 00:21:58,040 --> 00:22:00,399 Speaker 3: respects to elders past and present, and we share our 488 00:22:00,440 --> 00:22:01,840 Speaker 3: friendship and our kindness. 489 00:22:02,119 --> 00:22:03,960 Speaker 2: The advice sheared on she is on the Money is 490 00:22:04,040 --> 00:22:07,359 Speaker 2: general in nature and does not consider your individual circumstances. 491 00:22:07,680 --> 00:22:10,760 Speaker 2: She's on the Money exists purely for educational purposes and 492 00:22:10,760 --> 00:22:12,960 Speaker 2: should not be relied upon to make an investment or 493 00:22:13,000 --> 00:22:16,520 Speaker 2: a financial decision. And we promise Victoria Define is an 494 00:22:16,520 --> 00:22:21,160 Speaker 2: authorized representative of Australia Pacific Funds Management Propriety Limited ABM 495 00:22:21,280 --> 00:22:23,640 Speaker 2: three four one three two four six three two five 496 00:22:23,720 --> 00:22:26,200 Speaker 2: seven AFSL three three nine one five one. 497 00:22:26,480 --> 00:22:28,200 Speaker 3: The numbers make us sound really legit. 498 00:22:28,440 --> 00:22:32,040 Speaker 2: Yeah they do, and that's because you are also big. 499 00:22:32,080 --> 00:22:36,520 Speaker 2: Thanks to Ryan John and beg our producer Angels and 500 00:22:36,560 --> 00:22:38,960 Speaker 2: also just in the studio with us today. Just thanks 501 00:22:38,960 --> 00:22:39,359 Speaker 2: to everyone. 502 00:22:39,400 --> 00:22:42,680 Speaker 3: You're all pulling it all together. Absolutely sound a lot 503 00:22:42,760 --> 00:22:45,000 Speaker 3: shinier and a lot better than we really are in 504 00:22:45,040 --> 00:22:45,760 Speaker 3: real life. 505 00:22:45,880 --> 00:22:48,520 Speaker 1: Well, this comes out Wednesday morning. It's currently eight thirty 506 00:22:48,600 --> 00:22:51,400 Speaker 1: on Tuesday night, so it might not be as shy. 507 00:22:51,560 --> 00:22:55,560 Speaker 3: As we came here to party, all right, See you 508 00:22:55,760 --> 00:22:57,800 Speaker 3: on Friday, friends, See you guys, Ah 509 00:23:01,720 --> 00:23:04,359 Speaker 1: The York to the d