1 00:00:01,760 --> 00:00:03,560 Speaker 1: She's on the Money. 2 00:00:03,720 --> 00:00:14,880 Speaker 2: She's on the Money. 3 00:00:18,440 --> 00:00:21,560 Speaker 1: Hello, and welcome to She's on the Money, the podcast 4 00:00:21,560 --> 00:00:25,160 Speaker 1: for Millennials who Want Financial Freedom. Today is part two 5 00:00:25,280 --> 00:00:28,080 Speaker 1: of our four part deep dive series into investing, and 6 00:00:28,600 --> 00:00:32,519 Speaker 1: ever so excitingly, today's focus is all on fixed interest. 7 00:00:32,600 --> 00:00:34,800 Speaker 3: Don't be dream, Georgia King, Well, it is a. 8 00:00:34,800 --> 00:00:37,639 Speaker 1: Dream and judging from the conversations being had in our 9 00:00:37,640 --> 00:00:40,080 Speaker 1: Facebook group, this is the form of investing. Of the 10 00:00:40,080 --> 00:00:42,160 Speaker 1: four that we're going to be talking about that collectively, 11 00:00:42,200 --> 00:00:44,519 Speaker 1: we just seem to know the very least about so 12 00:00:45,400 --> 00:00:48,720 Speaker 1: big things ahead now. I know, I definitely have a 13 00:00:48,760 --> 00:00:51,400 Speaker 1: lot to learn in this space. As full disclosure, when 14 00:00:51,400 --> 00:00:53,200 Speaker 1: we were having this chat with Ryan, John and Jess 15 00:00:53,400 --> 00:00:55,920 Speaker 1: a couple of weeks back, when you spoke about bonds, 16 00:00:55,960 --> 00:00:58,960 Speaker 1: I was like, does she mean like house rental bonds? 17 00:00:59,000 --> 00:01:01,200 Speaker 1: Don't ask that question. That question, that's a question. 18 00:01:02,840 --> 00:01:06,240 Speaker 3: So in the bond that I give for my Prodigy legit. 19 00:01:06,360 --> 00:01:08,400 Speaker 1: So if you're listening and you're like, that's where your 20 00:01:08,440 --> 00:01:11,440 Speaker 1: mind went, I'm with you. But by the end of today, 21 00:01:11,720 --> 00:01:15,240 Speaker 1: you will be a certified fixed interest pro rattling off 22 00:01:15,280 --> 00:01:17,920 Speaker 1: the difference between corporate and government bonds as well as 23 00:01:17,920 --> 00:01:21,720 Speaker 1: why their face value price can fluctuate. People will genuinely 24 00:01:21,959 --> 00:01:24,840 Speaker 1: mistake you as a financial advisor, so that could be 25 00:01:24,880 --> 00:01:25,280 Speaker 1: in trouble. 26 00:01:25,920 --> 00:01:27,839 Speaker 3: Yeah, I could get in a whole heap of trouble. 27 00:01:27,880 --> 00:01:31,600 Speaker 3: Imagine if they actually thought that crazy. I feel like 28 00:01:31,640 --> 00:01:32,839 Speaker 3: it's a dead giveaway though. 29 00:01:33,000 --> 00:01:35,920 Speaker 1: Yeah. Having a disclaimer at the end of the podcast. Yeah, 30 00:01:35,959 --> 00:01:38,760 Speaker 1: that's true. That's okay, true, that's okay, okay. So we 31 00:01:38,760 --> 00:01:41,679 Speaker 1: should get into introductions. In case you don't know who 32 00:01:41,800 --> 00:01:44,160 Speaker 1: we are. My name is Georgia King. I'm a copywriter 33 00:01:44,240 --> 00:01:48,120 Speaker 1: and journalism student, and as always I'm joined by financial 34 00:01:48,160 --> 00:01:51,200 Speaker 1: advisor millennial money expert Victoria Define. 35 00:01:51,280 --> 00:01:54,240 Speaker 3: Thank you legit financial advisor. By the way, if you 36 00:01:54,320 --> 00:01:55,560 Speaker 3: knew around here, friend. 37 00:01:55,760 --> 00:01:58,800 Speaker 1: We promise as we say at the end of every episode. 38 00:01:59,040 --> 00:02:03,680 Speaker 1: We're also joined by odds Delightful community engagement specialist Lucy 39 00:02:03,720 --> 00:02:07,000 Speaker 1: the sheep Doodle, who is in the background wolfing along 40 00:02:07,880 --> 00:02:10,280 Speaker 1: his she is let's get her on. How are you Liz? 41 00:02:10,480 --> 00:02:13,760 Speaker 1: Just kidding? She can't talk, She's a dog anyway, great 42 00:02:13,760 --> 00:02:16,440 Speaker 1: start to today's show. To kick us off, Fee, can 43 00:02:16,440 --> 00:02:18,959 Speaker 1: you give us a little recap of what fixed interest 44 00:02:19,080 --> 00:02:21,480 Speaker 1: is before we get right into it. As I said, 45 00:02:21,600 --> 00:02:22,239 Speaker 1: what a dream. 46 00:02:22,360 --> 00:02:25,480 Speaker 3: Of course I can so fixed interest it refers to 47 00:02:25,600 --> 00:02:29,720 Speaker 3: fixed interest income assets friends, and they are government and 48 00:02:29,760 --> 00:02:33,720 Speaker 3: corporate bonds which are generally colassified as pretty damn stable, 49 00:02:33,840 --> 00:02:36,600 Speaker 3: low risk returns to the basic gist of these bonds 50 00:02:36,600 --> 00:02:39,079 Speaker 3: is you basically can lend money to the government. It's 51 00:02:39,120 --> 00:02:41,400 Speaker 3: not when you pay money for your bond when you 52 00:02:41,560 --> 00:02:43,960 Speaker 3: get your first rental property and then you might not 53 00:02:44,000 --> 00:02:45,639 Speaker 3: get it back if you forgot to steam clean the 54 00:02:45,680 --> 00:02:49,119 Speaker 3: car or your dog chewed the wall. But they pay 55 00:02:49,240 --> 00:02:52,000 Speaker 3: back with interest and that interest is paid back in 56 00:02:52,120 --> 00:02:55,359 Speaker 3: regular installments over the life of that bond. So in 57 00:02:55,400 --> 00:02:59,320 Speaker 3: the ASX Russell Investment Report, Australian bonds average six point 58 00:02:59,400 --> 00:03:02,639 Speaker 3: two percent in gross returns per year over the last 59 00:03:02,680 --> 00:03:03,240 Speaker 3: ten years. 60 00:03:03,360 --> 00:03:03,960 Speaker 1: That's pretty good. 61 00:03:04,000 --> 00:03:07,320 Speaker 3: I think that's not bad, not bad. So I think 62 00:03:07,360 --> 00:03:09,079 Speaker 3: it's one of those things that we don't know a 63 00:03:09,120 --> 00:03:12,320 Speaker 3: lot about but could actually be a really powerful asset 64 00:03:12,400 --> 00:03:15,240 Speaker 3: to us in our investment portfolios if it matches our 65 00:03:15,320 --> 00:03:19,079 Speaker 3: risk profiles. So these are super popular because they commonly 66 00:03:19,120 --> 00:03:21,880 Speaker 3: have super high liquidity, which is just a fancy word 67 00:03:21,880 --> 00:03:23,720 Speaker 3: for being able to pull your money out quickly, as 68 00:03:23,760 --> 00:03:26,920 Speaker 3: they're easy to sell, and I think that that's really important. 69 00:03:26,960 --> 00:03:29,040 Speaker 3: So liquidity is going to be the word of the 70 00:03:29,080 --> 00:03:31,960 Speaker 3: week this week because it's one of those words that 71 00:03:32,000 --> 00:03:35,000 Speaker 3: people throw around because it does actually have an impact 72 00:03:35,080 --> 00:03:39,800 Speaker 3: on the stability of your investment portfolio. For example, if 73 00:03:39,840 --> 00:03:42,800 Speaker 3: you have property that's pretty hard to pull your money 74 00:03:42,880 --> 00:03:45,920 Speaker 3: straight out, you can't just sell a bathroom and be like, hey, 75 00:03:46,240 --> 00:03:48,480 Speaker 3: I'd like another twenty thousand dollars, So I can I 76 00:03:48,520 --> 00:03:50,920 Speaker 3: go on a holiday or I have an emergency that 77 00:03:51,000 --> 00:03:53,400 Speaker 3: I do require a large amount of cash for and 78 00:03:54,240 --> 00:03:55,880 Speaker 3: can I sell the kitchen sink? 79 00:03:55,960 --> 00:03:56,040 Speaker 4: Like? 80 00:03:56,080 --> 00:03:59,280 Speaker 3: That's not an option with property. In fact, property is 81 00:03:59,400 --> 00:04:02,640 Speaker 3: only word what somebody is going to pay you for it, 82 00:04:03,240 --> 00:04:06,040 Speaker 3: and that's at point of sale. So you could have 83 00:04:06,080 --> 00:04:08,720 Speaker 3: to go through an entire real estate campaign once or 84 00:04:08,720 --> 00:04:10,800 Speaker 3: twice to even sell a property. And I think that's 85 00:04:11,160 --> 00:04:14,520 Speaker 3: really worthy of taking into consideration. Where with a bond 86 00:04:14,640 --> 00:04:17,200 Speaker 3: you can essentially just elect to sell it and in 87 00:04:17,240 --> 00:04:20,360 Speaker 3: three business days on average that money will be back 88 00:04:20,400 --> 00:04:24,200 Speaker 3: in your account. Worth taking to consideration. So the level 89 00:04:24,200 --> 00:04:27,159 Speaker 3: of risk is small in this space. However, when choosing 90 00:04:27,160 --> 00:04:31,160 Speaker 3: a company rather than an Australian government, that risk does increase, 91 00:04:31,440 --> 00:04:33,400 Speaker 3: so as we said before, there are like corporate and 92 00:04:33,480 --> 00:04:36,039 Speaker 3: government bonds. Government bonds are where you lend money to 93 00:04:36,040 --> 00:04:39,040 Speaker 3: the government. Corporate bonds are where you lend money to corporates. 94 00:04:39,960 --> 00:04:42,600 Speaker 3: So all bonds have what we call a face value, 95 00:04:42,640 --> 00:04:45,640 Speaker 3: which is essentially the set value when they are first distributed, 96 00:04:45,680 --> 00:04:46,880 Speaker 3: and that is how much you're going to pay for 97 00:04:46,920 --> 00:04:49,239 Speaker 3: the bond. So that could typically be between one hundred 98 00:04:49,279 --> 00:04:53,000 Speaker 3: and thousand dollars per bond, and you'll get that amount 99 00:04:53,160 --> 00:04:56,520 Speaker 3: back plus the interest when the bond has reached maturity. 100 00:04:56,680 --> 00:04:59,160 Speaker 3: So when I say reached maturity, we're talking about if 101 00:04:59,160 --> 00:05:01,200 Speaker 3: you buy a three your bond, you're just. 102 00:05:01,240 --> 00:05:02,760 Speaker 1: Finishing that entire term. 103 00:05:03,360 --> 00:05:06,039 Speaker 3: So if you sell early, though, you'll just receive the 104 00:05:06,120 --> 00:05:08,400 Speaker 3: market value back. So if you buy one hundred dollar 105 00:05:08,440 --> 00:05:11,240 Speaker 3: bond and you're expecting you know, three percent return, you'll 106 00:05:11,240 --> 00:05:14,839 Speaker 3: get you three dollars on that bond. But if you 107 00:05:14,920 --> 00:05:17,640 Speaker 3: cancel it and want your money back early, yes it's liquid, 108 00:05:17,640 --> 00:05:19,560 Speaker 3: but you won't get that three dollars. You'll just get 109 00:05:19,560 --> 00:05:22,159 Speaker 3: what you put in back, which more or less puts 110 00:05:22,200 --> 00:05:24,159 Speaker 3: you in the position you started in initially. 111 00:05:24,360 --> 00:05:30,560 Speaker 1: So not the worst outcome is literally chewing the table, 112 00:05:30,680 --> 00:05:32,800 Speaker 1: chewing the table, girl, do your job. You meant to 113 00:05:32,839 --> 00:05:34,279 Speaker 1: be monitoring the community. 114 00:05:35,920 --> 00:05:38,279 Speaker 3: You guys said you wanted a community manager. You did 115 00:05:38,320 --> 00:05:40,640 Speaker 3: not say what type of community manager you want it. 116 00:05:40,640 --> 00:05:42,120 Speaker 3: You've got to be more specific. 117 00:05:42,200 --> 00:05:43,520 Speaker 1: At least she's stunning, you know. 118 00:05:43,600 --> 00:05:45,840 Speaker 3: So the price of the bond comes down to supply 119 00:05:45,839 --> 00:05:49,000 Speaker 3: and demand essentially, with market interest rates impacting the price 120 00:05:49,120 --> 00:05:52,360 Speaker 3: most significantly. The duration of a bond and the credit 121 00:05:52,440 --> 00:05:54,800 Speaker 3: risk of the issuer also play a part in the 122 00:05:54,800 --> 00:05:57,719 Speaker 3: price of the bond, which is important as well. So 123 00:05:57,839 --> 00:06:01,120 Speaker 3: fixed interest bonds and indexed bonds in the other direction 124 00:06:01,200 --> 00:06:04,200 Speaker 3: to the market interest rates. So if market interest rates rise, 125 00:06:04,320 --> 00:06:08,080 Speaker 3: the price of these bonds full and vice versa, which 126 00:06:08,120 --> 00:06:09,040 Speaker 3: is kind of interesting. 127 00:06:09,240 --> 00:06:12,159 Speaker 1: So how long do these bonds? How long do you 128 00:06:12,200 --> 00:06:14,200 Speaker 1: need to be locked into them? Is it a one 129 00:06:14,279 --> 00:06:18,000 Speaker 1: year thing like a term deposit kind of duration, or 130 00:06:18,040 --> 00:06:19,360 Speaker 1: is it like twenty years? 131 00:06:19,760 --> 00:06:24,760 Speaker 3: So this actually varies significantly based on which bond you purchase. So, 132 00:06:24,839 --> 00:06:27,040 Speaker 3: I know, you can purchase bonds which are one year, 133 00:06:27,120 --> 00:06:29,000 Speaker 3: you could purchase a five year bond, or you could 134 00:06:29,000 --> 00:06:29,880 Speaker 3: even purchase. 135 00:06:29,520 --> 00:06:30,159 Speaker 1: A ten year bond. 136 00:06:30,279 --> 00:06:34,159 Speaker 3: It completely depends on what bond that was issued for 137 00:06:34,480 --> 00:06:35,920 Speaker 3: and how that actually works. 138 00:06:35,960 --> 00:06:36,159 Speaker 4: Out. 139 00:06:36,200 --> 00:06:38,240 Speaker 3: So there are lots and lots of them on the market. 140 00:06:38,520 --> 00:06:39,320 Speaker 3: You just have to know. 141 00:06:39,279 --> 00:06:42,120 Speaker 1: Where to look. Okay, So well, speaking of, how do 142 00:06:42,160 --> 00:06:44,400 Speaker 1: you actually do it? If someone is like this sounds 143 00:06:44,400 --> 00:06:47,200 Speaker 1: like a hot deal. Bonds aren't what I thought. They 144 00:06:47,240 --> 00:06:49,599 Speaker 1: weren't double O seven Yeah, what do they do? 145 00:06:49,640 --> 00:06:51,400 Speaker 3: A bit more setty than you thought. 146 00:06:51,160 --> 00:06:53,400 Speaker 1: My friends? Speaking of I had a Martini over the weekend. 147 00:06:53,560 --> 00:06:56,880 Speaker 1: Course putrid, but really it hit me hard anyway, that's 148 00:06:57,000 --> 00:06:57,640 Speaker 1: beside the board. 149 00:06:57,800 --> 00:07:01,600 Speaker 3: Actually like Martini's olives in something. 150 00:07:01,600 --> 00:07:05,480 Speaker 1: I had it was Olive Brian Formooth olives and gin. 151 00:07:05,760 --> 00:07:07,240 Speaker 3: I you drank that. 152 00:07:07,480 --> 00:07:11,240 Speaker 1: I felt sophisticated, but after five minutes I was pretty 153 00:07:11,320 --> 00:07:13,080 Speaker 1: much passed out on the couch. They are strong. 154 00:07:13,760 --> 00:07:16,400 Speaker 3: I don't want to drink Olive Brian like that's the 155 00:07:16,400 --> 00:07:20,760 Speaker 3: stuff was the best part, though, serious, I'm not terrible. 156 00:07:21,200 --> 00:07:22,160 Speaker 1: They're not great. I am. 157 00:07:22,240 --> 00:07:25,440 Speaker 3: I am partial to Margarita, though I feel like that's yeah, 158 00:07:25,560 --> 00:07:28,160 Speaker 3: that's a better option, and maybe next time you should. 159 00:07:27,920 --> 00:07:31,680 Speaker 1: Have remove yes for our Friday drink episode. 160 00:07:31,760 --> 00:07:34,920 Speaker 3: Yeah exactly. I mean it is a Bond episode though, 161 00:07:34,920 --> 00:07:36,000 Speaker 3: so you probably should stick to them. 162 00:07:36,080 --> 00:07:36,840 Speaker 1: Yeah, you're right, all right? 163 00:07:36,880 --> 00:07:40,120 Speaker 3: Back to I'm sorry, so when it comes to starting 164 00:07:40,160 --> 00:07:42,240 Speaker 3: with bonds, the first thing you need to do is 165 00:07:42,400 --> 00:07:44,960 Speaker 3: choose what way you're going to do it, and you 166 00:07:45,000 --> 00:07:47,800 Speaker 3: do have a few options. You can invest in individual bonds, 167 00:07:48,000 --> 00:07:51,600 Speaker 3: you can also invest in ETFs, which sometimes hold bonds, 168 00:07:52,040 --> 00:07:53,880 Speaker 3: and you can also do it with your super or 169 00:07:53,880 --> 00:07:56,320 Speaker 3: you can do it in managed funds. There are lots 170 00:07:56,320 --> 00:07:58,680 Speaker 3: and lots of different ways. There is not just one way. 171 00:07:58,720 --> 00:08:01,560 Speaker 3: And I'm going to recap what because I think that 172 00:08:01,600 --> 00:08:04,480 Speaker 3: when over the heads of a lot of people, first 173 00:08:04,520 --> 00:08:07,840 Speaker 3: thing that I think we maybe wouldn't have understood, not 174 00:08:07,880 --> 00:08:11,559 Speaker 3: because we're idiots, literally, just because we've never spoken about 175 00:08:11,600 --> 00:08:14,680 Speaker 3: this properly on the podcast before and it's not something 176 00:08:14,760 --> 00:08:17,760 Speaker 3: that we discussed regularly at all in our community. And 177 00:08:17,840 --> 00:08:21,640 Speaker 3: that is a managed fund. This is different to an ETF. 178 00:08:21,720 --> 00:08:24,480 Speaker 3: These are not the same things. The method is similar 179 00:08:24,480 --> 00:08:27,440 Speaker 3: to bond ETFs, the only difference being you have a 180 00:08:27,480 --> 00:08:30,440 Speaker 3: fund manager looking after you and selecting the bonds and 181 00:08:30,480 --> 00:08:33,520 Speaker 3: other securities to suit your needs. So an ETF often 182 00:08:33,559 --> 00:08:36,600 Speaker 3: follows an index or follows you know, a market average, 183 00:08:36,760 --> 00:08:39,880 Speaker 3: or is a collective of a lot of different shares 184 00:08:39,920 --> 00:08:42,960 Speaker 3: that make up that portfolio. A managed fund is more 185 00:08:43,040 --> 00:08:46,520 Speaker 3: active and it has a specific fund manager running it. 186 00:08:46,640 --> 00:08:50,439 Speaker 3: That's a person who runs the fund and they are 187 00:08:50,760 --> 00:08:54,319 Speaker 3: in charge of essentially getting really good performance. But the 188 00:08:54,360 --> 00:08:58,600 Speaker 3: fees on these funds are often higher than the fees on. 189 00:08:58,640 --> 00:09:00,559 Speaker 1: ETF because you're paying for that service. 190 00:09:00,760 --> 00:09:04,359 Speaker 3: Yes, And so an ETF is often a more accessible 191 00:09:04,400 --> 00:09:08,760 Speaker 3: way to start investing, whereas a managed fund often has 192 00:09:08,920 --> 00:09:11,679 Speaker 3: higher prices that you need to be paying to get in. 193 00:09:11,960 --> 00:09:14,520 Speaker 3: So a managed fund might have a minimum investment of 194 00:09:14,559 --> 00:09:17,880 Speaker 3: ten thousand dollars to begin, whereas an ETF you can 195 00:09:17,960 --> 00:09:20,520 Speaker 3: kind of just go and buy into an ETF for 196 00:09:20,559 --> 00:09:21,839 Speaker 3: a very low price. 197 00:09:21,640 --> 00:09:24,600 Speaker 1: Point, right, And is that so managed funds do you 198 00:09:24,640 --> 00:09:26,920 Speaker 1: access those on the ASX as well or do you 199 00:09:26,960 --> 00:09:28,480 Speaker 1: need is your financial advisor? 200 00:09:28,640 --> 00:09:32,480 Speaker 3: So your financial advisor or broker, So a financial advisor 201 00:09:32,559 --> 00:09:35,640 Speaker 3: is not your fund manager. Yeah, they had different. Your 202 00:09:35,679 --> 00:09:38,880 Speaker 3: financial advisor will help you pick a managed fund that 203 00:09:39,000 --> 00:09:41,920 Speaker 3: is right for you, and they will actually oversee the 204 00:09:41,960 --> 00:09:43,960 Speaker 3: whole process and make sure that fund managers doing what 205 00:09:44,000 --> 00:09:46,199 Speaker 3: they're doing, and they will compare the fund managers together 206 00:09:46,240 --> 00:09:47,920 Speaker 3: and make sure that you're always getting the best deal. 207 00:09:48,280 --> 00:09:51,600 Speaker 3: So for me, managed funds are really cool, but they 208 00:09:51,640 --> 00:09:55,280 Speaker 3: are more expensive. They definitely have a higher level of, 209 00:09:55,920 --> 00:10:00,840 Speaker 3: you know, activeness. They're actually a lot more active than 210 00:10:01,040 --> 00:10:03,760 Speaker 3: what an ETF is in terms of switching things out 211 00:10:03,800 --> 00:10:06,760 Speaker 3: and changing things and you know what's going on internally. 212 00:10:07,120 --> 00:10:10,400 Speaker 3: You do pay a premium for it, though, however, more 213 00:10:10,440 --> 00:10:13,800 Speaker 3: often than not, performance is there. Okay, it's completely up 214 00:10:13,880 --> 00:10:15,640 Speaker 3: to you, but I think it's important to understand the 215 00:10:15,679 --> 00:10:18,760 Speaker 3: difference between the two. So individual bonds are the next 216 00:10:18,760 --> 00:10:21,080 Speaker 3: thing I want to talk about, where you buy directly 217 00:10:21,120 --> 00:10:23,680 Speaker 3: from the issuer or the company. This is a similar 218 00:10:23,720 --> 00:10:27,559 Speaker 3: purchase to purchasing an IPO, which I know you're looking at. 219 00:10:27,360 --> 00:10:31,760 Speaker 1: Me strangely, don't know what that is. That's a lot 220 00:10:31,800 --> 00:10:35,240 Speaker 1: of this episode I don't know, but now I'm understanding. 221 00:10:35,280 --> 00:10:37,920 Speaker 3: So to talk me through, I'm trying to start introducing 222 00:10:38,240 --> 00:10:41,160 Speaker 3: more words that you guys will see because I know 223 00:10:41,240 --> 00:10:43,880 Speaker 3: that we distill things down, but there's a lot. 224 00:10:43,800 --> 00:10:44,800 Speaker 1: Of jargon in this set. 225 00:10:44,880 --> 00:10:47,560 Speaker 3: This reason we're talking about investment, and if we're going 226 00:10:47,600 --> 00:10:49,720 Speaker 3: to start talking about investment, we need to use the 227 00:10:49,800 --> 00:10:52,840 Speaker 3: right terms and you guys need to understand them properly. 228 00:10:53,160 --> 00:10:56,600 Speaker 3: So an IPO is an initial public offering, So that 229 00:10:56,720 --> 00:11:00,199 Speaker 3: is the process of offering shares from a private company 230 00:11:00,440 --> 00:11:01,640 Speaker 3: to the public. 231 00:11:01,320 --> 00:11:02,880 Speaker 1: In a new stock issuance. 232 00:11:03,240 --> 00:11:06,040 Speaker 3: So it's like if they're being listed, like that's super 233 00:11:06,040 --> 00:11:08,120 Speaker 3: exciting for them, but it will be the very first 234 00:11:08,160 --> 00:11:09,880 Speaker 3: time that they'd list on the market. 235 00:11:10,200 --> 00:11:11,720 Speaker 1: Therefore, more often than. 236 00:11:11,559 --> 00:11:15,000 Speaker 3: Not, people see a really great opportunity to buy a 237 00:11:15,040 --> 00:11:17,640 Speaker 3: share of a company that is just listing on the 238 00:11:17,640 --> 00:11:20,520 Speaker 3: market for the very first time because they feel like 239 00:11:20,559 --> 00:11:23,360 Speaker 3: maybe that shares either undervalued or going to perform really well, 240 00:11:23,559 --> 00:11:25,760 Speaker 3: or there might be some other really shiny benefits to 241 00:11:26,240 --> 00:11:29,280 Speaker 3: buying into an IPO. But an IPO is an initial 242 00:11:29,320 --> 00:11:31,600 Speaker 3: public offering and it's essentially buying a share for the 243 00:11:31,720 --> 00:11:32,479 Speaker 3: very first. 244 00:11:32,200 --> 00:11:35,800 Speaker 1: Time it hits the share market. Cool, yeah, it kinder, Yeah, 245 00:11:36,000 --> 00:11:36,640 Speaker 1: kind of fun. 246 00:11:36,760 --> 00:11:40,560 Speaker 3: Anyway, it's fun following stuff like that because seeing companies 247 00:11:40,800 --> 00:11:43,920 Speaker 3: list on the share market is literally so exciting because 248 00:11:43,920 --> 00:11:45,760 Speaker 3: the growth behind them, and like I'm going to get 249 00:11:45,800 --> 00:11:48,880 Speaker 3: off on a tangent because I'm genuinely just passionate about 250 00:11:48,920 --> 00:11:49,679 Speaker 3: this area. 251 00:11:49,760 --> 00:11:51,679 Speaker 1: But like last year, Adore. 252 00:11:51,320 --> 00:11:55,000 Speaker 3: Beauty listed on the share market, so they went through 253 00:11:55,000 --> 00:11:58,439 Speaker 3: the IPO process and just really fun to watch and 254 00:11:58,520 --> 00:12:01,720 Speaker 3: just other people getting involved talking about what shares they're buying. 255 00:12:01,760 --> 00:12:03,599 Speaker 3: And how many you can buy, and often there's like 256 00:12:03,640 --> 00:12:06,840 Speaker 3: a cap of what initial investors can actually purchase in 257 00:12:06,880 --> 00:12:10,480 Speaker 3: with So to me as a financial advisor and someone 258 00:12:10,480 --> 00:12:13,200 Speaker 3: who is really interested in this space, like I wanted 259 00:12:13,240 --> 00:12:15,319 Speaker 3: to know the n needy gritty. What are they offering? 260 00:12:15,360 --> 00:12:17,880 Speaker 3: Why are they only offering that? Like what's their initial 261 00:12:17,920 --> 00:12:20,480 Speaker 3: share price? How does that work? Like what does that 262 00:12:20,840 --> 00:12:23,680 Speaker 3: compare to in comparison to other companies that might be 263 00:12:23,760 --> 00:12:24,600 Speaker 3: somewhat similar. 264 00:12:24,760 --> 00:12:27,680 Speaker 1: I remember when we were doing our beauty episode with 265 00:12:27,720 --> 00:12:30,280 Speaker 1: Hannah and Joe. You were talking to Hannah or Joe 266 00:12:30,360 --> 00:12:32,200 Speaker 1: can't remember, and I think I assumed you were talking 267 00:12:32,200 --> 00:12:34,800 Speaker 1: about a beauty product and I was just like glazed over. 268 00:12:34,840 --> 00:12:37,440 Speaker 1: But there you go it with stock stuff, there you go. 269 00:12:38,559 --> 00:12:41,240 Speaker 3: But it is actually really cool. Anyway, that's a bit 270 00:12:41,280 --> 00:12:43,480 Speaker 3: off tangent, But my friends, you now know what an 271 00:12:43,480 --> 00:12:47,280 Speaker 3: IPO is, right, and it's actually a really cool process. 272 00:12:47,360 --> 00:12:51,160 Speaker 3: Like and if we start putting examples into what these 273 00:12:51,240 --> 00:12:54,080 Speaker 3: terms are, I think they make more sense to uses. 274 00:12:54,120 --> 00:12:55,800 Speaker 3: Like it's one of those things where you might have 275 00:12:55,960 --> 00:12:58,760 Speaker 3: heard that before or you might have seen it somewhere, 276 00:12:58,760 --> 00:13:01,720 Speaker 3: but you just go hell, like I don't understand, Like 277 00:13:01,920 --> 00:13:03,800 Speaker 3: who cares about an IPO like it was all over 278 00:13:03,800 --> 00:13:06,880 Speaker 3: the news. Nobody explains it or lets you know why 279 00:13:06,920 --> 00:13:09,120 Speaker 3: that might be actually of interest to you, or why 280 00:13:09,160 --> 00:13:10,680 Speaker 3: that might be of interest in general. 281 00:13:10,920 --> 00:13:11,560 Speaker 1: Do you know what I mean? 282 00:13:11,600 --> 00:13:14,160 Speaker 3: Like, it's actually really fun when you get down to it, 283 00:13:14,240 --> 00:13:16,120 Speaker 3: you know what it means. Yeah, And people actually take 284 00:13:16,160 --> 00:13:17,880 Speaker 3: away the dug and they go, Okay, cool, this is 285 00:13:17,880 --> 00:13:18,560 Speaker 3: what it's called. 286 00:13:18,559 --> 00:13:23,240 Speaker 1: But this is actually how it works. Moving on, Yeah, 287 00:13:23,280 --> 00:13:26,120 Speaker 1: So individual bonds can anyone buy them? 288 00:13:26,240 --> 00:13:28,079 Speaker 3: Yes, you can go and purchase a bond. If you've 289 00:13:28,120 --> 00:13:29,960 Speaker 3: got some money and you'd like to put it into 290 00:13:30,000 --> 00:13:33,679 Speaker 3: a bond. You can buy direct from the person issuing 291 00:13:33,720 --> 00:13:36,440 Speaker 3: them or the company issuing them, and it is a 292 00:13:36,440 --> 00:13:37,079 Speaker 3: non issue. 293 00:13:37,240 --> 00:13:40,000 Speaker 1: Beautiful all right? So what would the other two ways? 294 00:13:40,000 --> 00:13:41,880 Speaker 1: We have super ETFs? I think we do. 295 00:13:42,120 --> 00:13:45,160 Speaker 3: We've got superannuation, so you can access bonds through your 296 00:13:45,200 --> 00:13:49,199 Speaker 3: super and it's also highly probable that you already own 297 00:13:49,240 --> 00:13:52,720 Speaker 3: a bond in your superannuation because a lot of super 298 00:13:52,720 --> 00:13:56,160 Speaker 3: companies see bonds is a really stable way to introduce 299 00:13:56,160 --> 00:14:00,440 Speaker 3: some income into your portfolio with less risk and a 300 00:14:00,440 --> 00:14:03,720 Speaker 3: lot of you I know because there's a very popular 301 00:14:03,760 --> 00:14:07,880 Speaker 3: finance book that exists that recommends a certain super fund 302 00:14:08,000 --> 00:14:12,400 Speaker 3: that also recommends a certain profile. That profile has bonds 303 00:14:12,440 --> 00:14:15,600 Speaker 3: in it, and it's not a bad thing at all. 304 00:14:15,720 --> 00:14:18,800 Speaker 3: It gives you a bit more stability. So often and 305 00:14:18,840 --> 00:14:21,080 Speaker 3: I talk about risk profiling all the time, and I 306 00:14:21,120 --> 00:14:23,840 Speaker 3: get so many messages about it. It is coming friends. 307 00:14:23,880 --> 00:14:26,680 Speaker 3: I'm putting something together about risk profiling so we can 308 00:14:26,720 --> 00:14:31,560 Speaker 3: fully understand it together. But essentially, if you have a 309 00:14:32,160 --> 00:14:35,040 Speaker 3: if you have a share portfolio, right, I'm going off 310 00:14:35,080 --> 00:14:37,560 Speaker 3: on a tangent again because this is like, this is 311 00:14:37,600 --> 00:14:40,960 Speaker 3: my time to shine, friends, Like I love this stuff. 312 00:14:41,600 --> 00:14:44,360 Speaker 3: If you have a share portfolio and you're a high 313 00:14:44,480 --> 00:14:47,520 Speaker 3: risk investor, it sounds risky, I promise you it's not 314 00:14:48,040 --> 00:14:51,840 Speaker 3: often your portfolio is just made up of a lot 315 00:14:51,880 --> 00:14:54,640 Speaker 3: of shares. You maybe won't have too many bonds, you 316 00:14:54,680 --> 00:14:58,040 Speaker 3: won't have much cash sitting in there. Because risk means 317 00:14:58,400 --> 00:15:01,480 Speaker 3: you're more willing to put your money into the share 318 00:15:01,560 --> 00:15:04,680 Speaker 3: market than you are to put it in cash. Whereas 319 00:15:04,720 --> 00:15:07,720 Speaker 3: someone who is a more conservative investor, like they don't 320 00:15:07,720 --> 00:15:11,040 Speaker 3: actually want all their money exposed to the share market. 321 00:15:11,160 --> 00:15:14,440 Speaker 3: They want their money, you know, very very well diversified. 322 00:15:14,520 --> 00:15:17,080 Speaker 3: It's not to say the high risk person is not diversified, 323 00:15:17,080 --> 00:15:20,080 Speaker 3: because they'd be diversified well in the share market. But 324 00:15:20,160 --> 00:15:23,960 Speaker 3: when you are a lower risk person or profile, you 325 00:15:24,400 --> 00:15:26,400 Speaker 3: get put into this bucket where you have just a 326 00:15:26,480 --> 00:15:29,920 Speaker 3: different mix of assets that provide a lower income. 327 00:15:29,600 --> 00:15:31,320 Speaker 1: But hold low lower risk. 328 00:15:31,600 --> 00:15:34,880 Speaker 3: So often someone who is low risk will actually hold 329 00:15:35,000 --> 00:15:38,880 Speaker 3: identical shares to someone who is high risk. It's just 330 00:15:39,000 --> 00:15:42,400 Speaker 3: that that high risk person holds let's say ninety nine 331 00:15:42,440 --> 00:15:46,040 Speaker 3: percent shares, and maybe your share portfolio only holds thirty percent, 332 00:15:46,080 --> 00:15:48,120 Speaker 3: and then you maybe have thirty percent bonds and like 333 00:15:48,280 --> 00:15:50,280 Speaker 3: the rest of your portfolio is made up in cash. 334 00:15:50,800 --> 00:15:55,320 Speaker 3: So I think it's important to understand that just because 335 00:15:55,320 --> 00:15:58,160 Speaker 3: someone is high risk, it doesn't mean they're buying risky shares. 336 00:15:58,520 --> 00:16:00,840 Speaker 3: And that's why, and I say this to my clients. 337 00:16:00,920 --> 00:16:03,840 Speaker 3: That's why I say I am a very conservative high 338 00:16:03,920 --> 00:16:08,840 Speaker 3: risk investor. So I am high risk because I want 339 00:16:08,920 --> 00:16:10,840 Speaker 3: a lot of my assets and my wealth to be 340 00:16:10,880 --> 00:16:13,240 Speaker 3: exposed to the shed market because i want that growth, 341 00:16:13,320 --> 00:16:16,840 Speaker 3: and I've got time to actually put behind that. But 342 00:16:17,560 --> 00:16:20,720 Speaker 3: I only want to buy tried, true tested companies. I'm 343 00:16:20,720 --> 00:16:22,960 Speaker 3: not here to take a punt. I'm not here to 344 00:16:23,040 --> 00:16:26,360 Speaker 3: buy into new companies because to me that risk is 345 00:16:26,480 --> 00:16:29,680 Speaker 3: far too great. I actually just want to see capital 346 00:16:29,720 --> 00:16:33,320 Speaker 3: stable businesses that have really great future prospects that give 347 00:16:33,400 --> 00:16:36,520 Speaker 3: me growth and income, even if that means that share 348 00:16:36,640 --> 00:16:37,960 Speaker 3: isn't Tesla. 349 00:16:37,800 --> 00:16:41,440 Speaker 1: Or everything you've done matches your risk profile, right. Yes, 350 00:16:41,720 --> 00:16:43,640 Speaker 1: I just feel like I've never really thought about it 351 00:16:43,760 --> 00:16:45,600 Speaker 1: like that. I wouldn't have thought of you as like 352 00:16:45,640 --> 00:16:47,720 Speaker 1: a high risk investor. But you're saying that it's in 353 00:16:47,760 --> 00:16:50,120 Speaker 1: a conservative way. It just makes so much more sense now. 354 00:16:50,240 --> 00:16:52,840 Speaker 3: Yeah, Like I am very conservative because I'm here for 355 00:16:52,880 --> 00:16:55,480 Speaker 3: the long term and I actually want things to be stable, 356 00:16:55,720 --> 00:16:59,640 Speaker 3: but I want a higher level of return than having 357 00:16:59,720 --> 00:17:02,040 Speaker 3: just a bond. And that's why we're talking about these things, 358 00:17:02,080 --> 00:17:04,400 Speaker 3: because I think it's important for you to understand they 359 00:17:04,480 --> 00:17:06,840 Speaker 3: suit me because I do own bonds, but I own 360 00:17:06,840 --> 00:17:09,800 Speaker 3: a small percentage of bonds in comparison to shares. But 361 00:17:09,960 --> 00:17:12,680 Speaker 3: I also have clients who solely own bonds, like I 362 00:17:12,720 --> 00:17:15,400 Speaker 3: was doing a webinar last week with Glenn James from 363 00:17:15,400 --> 00:17:18,320 Speaker 3: my Millennial Money. One of my friends love him to death, 364 00:17:18,640 --> 00:17:23,320 Speaker 3: but he owns bonds because that suits him. His entire 365 00:17:23,400 --> 00:17:26,440 Speaker 3: investment portfolio is majority bonds. 366 00:17:26,760 --> 00:17:27,600 Speaker 1: Did you talk about that. 367 00:17:27,680 --> 00:17:29,680 Speaker 3: Yeah, we spoke about that on the webinar, but also 368 00:17:30,000 --> 00:17:35,440 Speaker 3: just giving away his financial situation. No, so he loves bonds, 369 00:17:35,480 --> 00:17:38,200 Speaker 3: but there's also just different types of bonds. 370 00:17:37,840 --> 00:17:38,600 Speaker 1: That are issued. 371 00:17:39,040 --> 00:17:42,760 Speaker 3: So they are a really great option. If shares maybe 372 00:17:42,880 --> 00:17:45,000 Speaker 3: scare you a little bit too much and you want 373 00:17:45,000 --> 00:17:47,199 Speaker 3: to be a little bit more conservative, these are an 374 00:17:47,240 --> 00:17:49,800 Speaker 3: option that I want you to take into consideration. Not 375 00:17:49,840 --> 00:17:51,760 Speaker 3: because I'm here selling them being like, oh my god, 376 00:17:51,840 --> 00:17:55,000 Speaker 3: buy a bond. I'm actually here saying, could you please 377 00:17:55,160 --> 00:18:00,119 Speaker 3: understand every single aspect of your opportunity so that you 378 00:18:00,240 --> 00:18:03,120 Speaker 3: make the right decision for you. You might say, look, 379 00:18:03,160 --> 00:18:05,400 Speaker 3: shares aren't my thing, Victoria, but you know what, my friend. 380 00:18:05,520 --> 00:18:07,600 Speaker 3: At least you know they exist, and that is an 381 00:18:07,680 --> 00:18:10,639 Speaker 3: active choice. I do not want any of you getting 382 00:18:10,640 --> 00:18:13,879 Speaker 3: to sixty five and going, oh, I'm considering retiring. Oh 383 00:18:13,960 --> 00:18:16,440 Speaker 3: my gosh, I wish i'd known about investment. You're making 384 00:18:16,480 --> 00:18:18,800 Speaker 3: the right choice for you and only you can do that. 385 00:18:19,240 --> 00:18:22,600 Speaker 1: Feeling inspired over here, The last one is ETFs that 386 00:18:22,640 --> 00:18:24,320 Speaker 1: we want to chat about quickly. B give us a 387 00:18:24,320 --> 00:18:26,159 Speaker 1: little summary ATF. 388 00:18:26,760 --> 00:18:29,439 Speaker 3: I feel like you could give me a spiel on 389 00:18:29,520 --> 00:18:33,879 Speaker 3: this that is okay. So an ETF is an exchange 390 00:18:33,960 --> 00:18:38,080 Speaker 3: traded fund and they are a low cost way to 391 00:18:38,240 --> 00:18:42,160 Speaker 3: start investing in a well diversified way. Did that rhymes? 392 00:18:42,400 --> 00:18:44,800 Speaker 3: That was pretty good, Thank you, thank you. But it's 393 00:18:44,920 --> 00:18:48,040 Speaker 3: essentially you buying a basket of shares or assets that 394 00:18:48,080 --> 00:18:52,560 Speaker 3: are already pre allocated and already pre diversified. So if 395 00:18:52,600 --> 00:18:55,720 Speaker 3: you go and purchase one individual share, you've only got 396 00:18:55,760 --> 00:19:00,280 Speaker 3: exposure to that one company and that one industry, Whereas 397 00:19:00,320 --> 00:19:02,520 Speaker 3: if you go and buy an ETF, that's often made 398 00:19:02,600 --> 00:19:04,920 Speaker 3: up of a lot of different shares from a lot 399 00:19:04,960 --> 00:19:08,159 Speaker 3: of different industries. So if like mining, for example, and 400 00:19:08,240 --> 00:19:10,399 Speaker 3: I don't actually invest in mining, so that's probably a 401 00:19:10,440 --> 00:19:14,040 Speaker 3: really bad example. We'll also do an episode on ethical 402 00:19:14,119 --> 00:19:17,679 Speaker 3: investing because that's something I'm really wildly passionate about. But 403 00:19:18,760 --> 00:19:21,280 Speaker 3: let's just say, for example, you're investing in mining, because 404 00:19:21,320 --> 00:19:23,320 Speaker 3: I think when we say investment, a lot of people 405 00:19:23,359 --> 00:19:26,800 Speaker 3: think that if that's not performing well, another part of 406 00:19:26,800 --> 00:19:29,880 Speaker 3: our economy usually is and vice versa. When you buy 407 00:19:29,920 --> 00:19:33,280 Speaker 3: an individual share in mining, right, you are not getting 408 00:19:33,320 --> 00:19:36,160 Speaker 3: exposure to the rest of it. So if mining crashes 409 00:19:36,200 --> 00:19:40,080 Speaker 3: for some reason, your entire share portfolio crashes because that's 410 00:19:40,119 --> 00:19:42,919 Speaker 3: all you hold. Whereas if you hold a whole range 411 00:19:42,920 --> 00:19:45,560 Speaker 3: of different shares from different industries, which is what you 412 00:19:45,600 --> 00:19:50,000 Speaker 3: get access to when you purchase an ETF and mining crashes, Well, 413 00:19:50,040 --> 00:19:52,280 Speaker 3: that was only two or three percent of your portfolio, 414 00:19:52,400 --> 00:19:55,000 Speaker 3: and there's other things that are performing at all evens out, 415 00:19:55,080 --> 00:19:58,119 Speaker 3: so that you don't feel all of the highs and 416 00:19:58,400 --> 00:20:01,679 Speaker 3: super lows of the market, but you get generally a 417 00:20:01,680 --> 00:20:02,879 Speaker 3: pretty stable return. 418 00:20:03,320 --> 00:20:06,520 Speaker 1: That summary, Yeah, that was great, Thank you. Thank good 419 00:20:06,520 --> 00:20:08,560 Speaker 1: way of not having all of your eggs in one basket. 420 00:20:08,600 --> 00:20:10,320 Speaker 1: I think that's how you put it in our overview 421 00:20:10,359 --> 00:20:11,400 Speaker 1: episodes a few weeks ago. 422 00:20:11,400 --> 00:20:14,199 Speaker 3: No eggs, no baskets. We'll get into ETFs again though, 423 00:20:14,240 --> 00:20:16,920 Speaker 3: because I think that we really need an entire episode 424 00:20:16,960 --> 00:20:20,119 Speaker 3: on that. But summarizing all of that, how do you 425 00:20:20,160 --> 00:20:22,000 Speaker 3: do it? We've spoken about the ways to do it. 426 00:20:22,440 --> 00:20:24,280 Speaker 3: If you're going to go down the corporate bond route, 427 00:20:24,320 --> 00:20:27,119 Speaker 3: you can buy them when they're on the primary market, 428 00:20:27,160 --> 00:20:29,480 Speaker 3: aka when they're first issued, or you could go buy 429 00:20:29,480 --> 00:20:32,240 Speaker 3: ones that are listed on the stock exchange and just 430 00:20:32,280 --> 00:20:34,480 Speaker 3: purchase them as you normally would a share, which is 431 00:20:34,600 --> 00:20:37,359 Speaker 3: kind of cool. Government bonds are also able to be 432 00:20:37,440 --> 00:20:39,560 Speaker 3: purchased on the AX, which you can do through your 433 00:20:39,560 --> 00:20:42,560 Speaker 3: broker or financial advisor, or just buy yourself via your 434 00:20:42,600 --> 00:20:45,520 Speaker 3: online share trading account if you have one, and you 435 00:20:45,560 --> 00:20:48,280 Speaker 3: can see what is available at the ASX website, which 436 00:20:48,320 --> 00:20:50,480 Speaker 3: we're going to put in the show notes of our 437 00:20:50,600 --> 00:20:53,480 Speaker 3: show this week because that, to me is a really 438 00:20:53,520 --> 00:20:57,119 Speaker 3: reliable source of information because the AX is essentially the 439 00:20:57,160 --> 00:21:01,760 Speaker 3: Australian Stock Exchange and this is like the place that 440 00:21:01,800 --> 00:21:05,080 Speaker 3: you get shares here in Australia and if you haven't 441 00:21:05,080 --> 00:21:07,760 Speaker 3: heard of it, living under a rock, because every single 442 00:21:07,800 --> 00:21:10,760 Speaker 3: day on the TV they will talk about the AX, 443 00:21:10,960 --> 00:21:12,960 Speaker 3: and they will talk about the Dow Jones and all 444 00:21:13,000 --> 00:21:16,040 Speaker 3: of that, but essentially it is the Australian version of 445 00:21:16,040 --> 00:21:19,080 Speaker 3: Wall Street or the Dow Jones, which is an overseas version. 446 00:21:19,359 --> 00:21:21,960 Speaker 1: Yeah see, I always used to tune out and cosh 447 00:21:22,000 --> 00:21:24,320 Speaker 1: you chatted about that on Sunrise, But now. 448 00:21:24,240 --> 00:21:26,840 Speaker 3: Koshi, I'm coming for your job. Watch out Sunrise. 449 00:21:27,160 --> 00:21:29,640 Speaker 1: Is there anything else we need to take into account 450 00:21:29,640 --> 00:21:30,480 Speaker 1: with bonds? V? 451 00:21:31,080 --> 00:21:35,439 Speaker 3: Absolutely? There are a number of things quickly. Time frame. 452 00:21:35,720 --> 00:21:38,000 Speaker 3: How long do you want to be invested for? So 453 00:21:38,000 --> 00:21:41,160 Speaker 3: we said that some bonds can be ten years. Are 454 00:21:41,200 --> 00:21:43,320 Speaker 3: you happy to lock your money away for a whole 455 00:21:43,359 --> 00:21:46,119 Speaker 3: ten years or are you wanting to access that early 456 00:21:46,160 --> 00:21:48,159 Speaker 3: because if you do access it early, you're actually going 457 00:21:48,240 --> 00:21:52,040 Speaker 3: to lose the interest that you would have earned. Interest rates. 458 00:21:52,119 --> 00:21:53,800 Speaker 3: What is the interest rate that is going to be 459 00:21:53,880 --> 00:21:56,879 Speaker 3: paid if you purchase this bond? And is it going 460 00:21:56,920 --> 00:21:58,679 Speaker 3: to be fixed? Like is it a set rate or 461 00:21:58,720 --> 00:22:02,199 Speaker 3: does that change based on industry or performance or something 462 00:22:02,280 --> 00:22:05,560 Speaker 3: like that. Interest payments? How often are you getting paid? 463 00:22:05,720 --> 00:22:08,639 Speaker 3: Do you have to wait until the bond matures i e. 464 00:22:08,920 --> 00:22:11,200 Speaker 3: The end of the bond, So if it's a three 465 00:22:11,240 --> 00:22:12,760 Speaker 3: year bond, you have to wait three years to get 466 00:22:12,800 --> 00:22:16,919 Speaker 3: paid or will you be paid throughout the year based 467 00:22:16,960 --> 00:22:21,080 Speaker 3: on how much your bond is worth? Diversification Does the 468 00:22:21,119 --> 00:22:24,600 Speaker 3: bond actually help diversify your investment portfolio? So this is 469 00:22:24,720 --> 00:22:29,920 Speaker 3: really important here regardless of whether you are a conservative 470 00:22:29,920 --> 00:22:33,520 Speaker 3: investor or a high risk investor. Diversification is the key. 471 00:22:33,880 --> 00:22:35,560 Speaker 3: And you want to make sure that you don't have 472 00:22:35,640 --> 00:22:37,399 Speaker 3: all your eggs in one basket and you own a 473 00:22:37,520 --> 00:22:41,159 Speaker 3: number of different assets. And then how safe is the issuer? 474 00:22:41,560 --> 00:22:44,560 Speaker 3: The company needs to be financially strong enough to maintain 475 00:22:44,600 --> 00:22:46,920 Speaker 3: the interest payments back to you, Like if you're buying 476 00:22:46,920 --> 00:22:49,439 Speaker 3: a bond, let's just be dramatic for a second. If 477 00:22:49,440 --> 00:22:52,040 Speaker 3: you're buying a bond from a really dodgy company gonna 478 00:22:52,040 --> 00:22:54,840 Speaker 3: pay you back. So yeah, Like, I think you just 479 00:22:54,920 --> 00:22:59,080 Speaker 3: need to be thoughtful when purchasing a bond. Government bonds 480 00:22:59,080 --> 00:23:02,880 Speaker 3: in Australia triple A rated, which is a really good thing, 481 00:23:03,080 --> 00:23:07,240 Speaker 3: but it's also something that you know doesn't not carry risk. 482 00:23:07,680 --> 00:23:12,040 Speaker 3: But Australia has never not paid back its government bonds. Yeah, 483 00:23:12,080 --> 00:23:14,680 Speaker 3: so that's a pretty good track record. That's a pretty 484 00:23:14,760 --> 00:23:18,040 Speaker 3: nice thing to know, especially if you are conservative. You 485 00:23:18,080 --> 00:23:22,080 Speaker 3: want to know with certainty that something has happened. Whereas 486 00:23:22,119 --> 00:23:24,520 Speaker 3: you look at the economic environment, let's say in Greece, 487 00:23:24,680 --> 00:23:27,800 Speaker 3: which a couple of years ago that absolutely went through 488 00:23:27,800 --> 00:23:30,600 Speaker 3: the fall, Like I would not be buying bonds from 489 00:23:30,640 --> 00:23:34,439 Speaker 3: a government like Greece's government because there's no guarantee they 490 00:23:34,480 --> 00:23:37,600 Speaker 3: even have any money. They're in lots and lots of debt. 491 00:23:38,280 --> 00:23:41,760 Speaker 3: And then market value, So how will you be impacted 492 00:23:42,200 --> 00:23:46,200 Speaker 3: by changes in market value? Will that increase, will that decrease? 493 00:23:46,520 --> 00:23:47,960 Speaker 3: Is this the right thing for you? 494 00:23:48,680 --> 00:23:51,000 Speaker 1: Before we do get to the second part of today's 495 00:23:51,080 --> 00:23:53,480 Speaker 1: show and hear from some of our listeners who have 496 00:23:53,560 --> 00:23:56,639 Speaker 1: a couple of questions. Let's hear a quick word from 497 00:23:56,680 --> 00:24:05,680 Speaker 1: the friends who made today's show possible. Alrighty guys, now, 498 00:24:05,680 --> 00:24:09,160 Speaker 1: before we do dive straight back into our fixed interest chat, 499 00:24:09,240 --> 00:24:11,840 Speaker 1: please do remember that conversations like the one Vicki D 500 00:24:11,960 --> 00:24:13,040 Speaker 1: and I are having it right now. 501 00:24:13,160 --> 00:24:15,919 Speaker 3: You just stop calling me Vicki D. All right, you 502 00:24:15,960 --> 00:24:17,600 Speaker 3: don't care, you have no respect. 503 00:24:17,680 --> 00:24:19,879 Speaker 1: It's just kind of stuck. Now, it's stuck. People in 504 00:24:19,880 --> 00:24:24,280 Speaker 1: the Facebook group are calling you that as Wow, I'm aware. Anyway, 505 00:24:24,359 --> 00:24:26,560 Speaker 1: do join us over there if you're not there already. 506 00:24:26,600 --> 00:24:28,720 Speaker 1: There's one hundred and twenty probably like one hundred and 507 00:24:28,800 --> 00:24:30,400 Speaker 1: fifty zousand by the time, you know. 508 00:24:30,480 --> 00:24:33,440 Speaker 3: This year wildly dramatic. Also, just to be a little 509 00:24:33,440 --> 00:24:36,600 Speaker 3: bit more specific, because I'm obsessed with my own community. Yeah, 510 00:24:36,680 --> 00:24:37,840 Speaker 3: it's one hundred and twenty five. 511 00:24:37,960 --> 00:24:41,040 Speaker 1: One hundred and twenty five. Okay, that's not bad? Is 512 00:24:41,080 --> 00:24:41,680 Speaker 1: it not bad? 513 00:24:41,720 --> 00:24:41,880 Speaker 3: Good? 514 00:24:41,920 --> 00:24:45,119 Speaker 1: So anyway, we're also on Instagram, TikTok, YouTube, We've got 515 00:24:45,119 --> 00:24:48,080 Speaker 1: a newsletter. What else we got just everything. We've got 516 00:24:48,119 --> 00:24:51,080 Speaker 1: just a dog. We got an office dog. So yeah, 517 00:24:51,119 --> 00:24:54,080 Speaker 1: get involved, guys, because there is much more Tsheese on 518 00:24:54,080 --> 00:24:56,320 Speaker 1: the Money than just the little old podcast. 519 00:24:56,680 --> 00:24:57,080 Speaker 3: Now V. 520 00:24:57,320 --> 00:24:59,520 Speaker 1: I know you told us last week that you do 521 00:24:59,600 --> 00:25:01,640 Speaker 1: invest in bonds, and you told us just before as well. 522 00:25:01,680 --> 00:25:03,919 Speaker 1: So can you explain why you've chosen to do that, 523 00:25:04,320 --> 00:25:06,000 Speaker 1: and is this something that you actually see a lot 524 00:25:06,000 --> 00:25:07,919 Speaker 1: of your client's doing. Glenn James is doing it. 525 00:25:07,960 --> 00:25:09,639 Speaker 3: Glen James is doing it, and here he's doing it. 526 00:25:09,640 --> 00:25:11,880 Speaker 3: It must be the right thing, right, he's the OG. 527 00:25:12,680 --> 00:25:14,919 Speaker 3: It is actually just really important for you to understand 528 00:25:14,960 --> 00:25:16,679 Speaker 3: what your risk profile is and if it's something that 529 00:25:16,720 --> 00:25:19,760 Speaker 3: actually suits you, and bonds is something that do make 530 00:25:19,840 --> 00:25:22,120 Speaker 3: up a really great part of a portfolio to help 531 00:25:22,160 --> 00:25:25,200 Speaker 3: diversify it and lower the risk and all of those 532 00:25:25,280 --> 00:25:29,080 Speaker 3: other things. I think people get really caught up in 533 00:25:29,760 --> 00:25:34,520 Speaker 3: high return shares and it frustrates me slightly because I 534 00:25:34,560 --> 00:25:37,639 Speaker 3: can see that you're excited about it, and that's really great, 535 00:25:37,960 --> 00:25:42,880 Speaker 3: But the euphoria associated with you seeing an epic share return, 536 00:25:43,160 --> 00:25:45,840 Speaker 3: we need to make it consistent. And that is why 537 00:25:46,040 --> 00:25:47,840 Speaker 3: when people are like, oh my gosh, did you see 538 00:25:47,880 --> 00:25:50,560 Speaker 3: how much Tesla has increased? I've made so much money, Like, 539 00:25:50,600 --> 00:25:55,000 Speaker 3: I'm not envious because I'm very comfortable and very happy 540 00:25:55,040 --> 00:25:58,280 Speaker 3: with the decision I've made for my share portfolio, which 541 00:25:58,359 --> 00:25:59,840 Speaker 3: you know, over the last couple of years, I think 542 00:26:00,080 --> 00:26:03,280 Speaker 3: returned about eleven percent, which I think is pretty damn good. 543 00:26:04,000 --> 00:26:07,120 Speaker 3: I'm really happy with consistent returns over taking the risk 544 00:26:07,160 --> 00:26:09,280 Speaker 3: of having massive returns and maybe not having it the 545 00:26:09,280 --> 00:26:12,000 Speaker 3: next year. And when you start to educate yourself and 546 00:26:12,119 --> 00:26:16,359 Speaker 3: understand what is right for you personally, you'll actually not 547 00:26:16,560 --> 00:26:18,719 Speaker 3: feel that sense of fomo that we get when other 548 00:26:18,760 --> 00:26:21,960 Speaker 3: people talk about this opportunity that they seized, because for 549 00:26:22,040 --> 00:26:25,560 Speaker 3: every opportunity that someone seeses, there's also an opportunity that 550 00:26:25,600 --> 00:26:28,800 Speaker 3: someone lost. Yeah, so you know, they might have invested 551 00:26:28,800 --> 00:26:31,040 Speaker 3: in Tesla, but like what other things have they invested 552 00:26:31,040 --> 00:26:33,160 Speaker 3: in historically that actually have failed? 553 00:26:33,200 --> 00:26:34,680 Speaker 1: They're not talking about that, are they. 554 00:26:34,760 --> 00:26:37,280 Speaker 3: And it's like Zoom, right, Like I wish I had 555 00:26:37,320 --> 00:26:40,000 Speaker 3: invested in Zoom and toilet paper, oh my gosh, like 556 00:26:40,160 --> 00:26:42,639 Speaker 3: so many things that we could have invested in, But 557 00:26:42,840 --> 00:26:45,920 Speaker 3: for me, financial security was more important than doing that. 558 00:26:46,280 --> 00:26:46,680 Speaker 1: Yeah. 559 00:26:46,720 --> 00:26:48,639 Speaker 3: Please, don't get me wrong. I have said that I 560 00:26:48,720 --> 00:26:51,200 Speaker 3: do sometimes like to take a little bit of a punt, 561 00:26:51,680 --> 00:26:54,919 Speaker 3: but when I do purchase a share that is not 562 00:26:55,840 --> 00:26:59,959 Speaker 3: within my share portfolio, I'm not purchasing it in the portfolio, 563 00:27:00,160 --> 00:27:02,879 Speaker 3: not risking that I'm not changing that. It's actually just 564 00:27:03,160 --> 00:27:04,879 Speaker 3: an amount of money that I will put on something 565 00:27:05,080 --> 00:27:08,200 Speaker 3: because I genuinely believe in that business and I genuinely 566 00:27:08,240 --> 00:27:10,880 Speaker 3: think it is going to over the long term, succeed. 567 00:27:11,240 --> 00:27:14,000 Speaker 3: So I'm not talking about short term stuff here. 568 00:27:14,040 --> 00:27:15,320 Speaker 1: I'm talking about long term. 569 00:27:15,440 --> 00:27:17,520 Speaker 3: And the reason I do that is because I would 570 00:27:17,680 --> 00:27:20,840 Speaker 3: argue that I'm very well educated in this space, and 571 00:27:20,880 --> 00:27:24,240 Speaker 3: I'm surrounded by people who are also very well educated 572 00:27:24,240 --> 00:27:27,840 Speaker 3: in this space. It is definitely not something for everybody. 573 00:27:27,560 --> 00:27:31,360 Speaker 1: As a financial advisor. Are you checking the AX every day? 574 00:27:31,480 --> 00:27:33,399 Speaker 3: Yeah? Absolutely, the first thing I look at. 575 00:27:33,600 --> 00:27:36,360 Speaker 1: But we don't let it impact your emotions if you're like, ah, 576 00:27:36,480 --> 00:27:38,720 Speaker 1: that's not performing that well because you're in it for 577 00:27:38,800 --> 00:27:39,280 Speaker 1: like ten years. 578 00:27:39,680 --> 00:27:42,560 Speaker 3: No, No, absolutely not, And I think it's important to 579 00:27:42,680 --> 00:27:46,199 Speaker 3: understand that as a financial advisor, I have clients that 580 00:27:47,000 --> 00:27:49,199 Speaker 3: I want to make sure I'm always on top of things. 581 00:27:49,440 --> 00:27:52,480 Speaker 3: So right now we're recording, it's eight fifty seven am, 582 00:27:52,520 --> 00:27:55,880 Speaker 3: Georgia King and the ASEX is actually closed, so the 583 00:27:55,880 --> 00:27:57,399 Speaker 3: market is only open from ten to. 584 00:27:57,480 --> 00:27:58,240 Speaker 1: Four every day. 585 00:27:58,480 --> 00:28:01,359 Speaker 3: Betched in know that did not know that in Australia 586 00:28:01,400 --> 00:28:04,200 Speaker 3: that's the only time you can officially train each good hours. 587 00:28:04,200 --> 00:28:05,760 Speaker 1: Everyone should operate by those hours. 588 00:28:05,800 --> 00:28:07,320 Speaker 3: I'm not going to change the shase on the many 589 00:28:07,320 --> 00:28:07,959 Speaker 3: hours your job. 590 00:28:08,280 --> 00:28:12,159 Speaker 1: Good try. Okay, very good answer there. Let's move on 591 00:28:12,359 --> 00:28:15,640 Speaker 1: to a couple of questions from our community. First one 592 00:28:15,680 --> 00:28:18,119 Speaker 1: here is from m loved this one. How do you 593 00:28:18,200 --> 00:28:21,159 Speaker 1: keep track of all of your investments feed when you 594 00:28:21,240 --> 00:28:24,640 Speaker 1: have a micro trading platform here, a few shares there, etcetera, etcetera. 595 00:28:25,040 --> 00:28:27,240 Speaker 1: I'd love to know suggestions on how to keep it 596 00:28:27,280 --> 00:28:29,120 Speaker 1: all straight. I feel like there is no better person 597 00:28:29,200 --> 00:28:30,240 Speaker 1: to ask this question too. 598 00:28:30,640 --> 00:28:35,440 Speaker 3: So yeah, literally, So this is really tricky because when 599 00:28:35,480 --> 00:28:40,440 Speaker 3: you are micro trading or micro investing, you're choosing their platform, 600 00:28:41,080 --> 00:28:43,800 Speaker 3: and if you have a number of different platforms, like, 601 00:28:43,840 --> 00:28:46,240 Speaker 3: there's no actual real way to bring them all together 602 00:28:46,360 --> 00:28:49,960 Speaker 3: because they are their own entities. So for me, I've 603 00:28:49,960 --> 00:28:53,280 Speaker 3: got a spreadsheet, so I understand what's everywhere. But at 604 00:28:53,320 --> 00:28:55,360 Speaker 3: the same time, that's where it does get really messy. 605 00:28:55,520 --> 00:28:58,920 Speaker 3: So personally, if you looked at my stuff, you'd be like, Victoria, 606 00:28:59,000 --> 00:29:01,719 Speaker 3: you're a shamble. Because I do have race, I do 607 00:29:01,760 --> 00:29:03,640 Speaker 3: have Spaceship, I do play with those things. I have 608 00:29:03,680 --> 00:29:06,480 Speaker 3: a number of other investment apps that I've been playing 609 00:29:06,480 --> 00:29:08,680 Speaker 3: around with and trying, and I've got fifty dollars here 610 00:29:08,760 --> 00:29:11,000 Speaker 3: or one hundred dollars there, because I want to know 611 00:29:11,040 --> 00:29:13,120 Speaker 3: what is going on in our community, and if you 612 00:29:13,120 --> 00:29:15,560 Speaker 3: guys recommend something, it's very likely that I'll go and 613 00:29:15,680 --> 00:29:17,080 Speaker 3: you know, give it a crack, just so that I 614 00:29:17,080 --> 00:29:21,120 Speaker 3: can understand their portfolio, is their investment methodologies, their fees 615 00:29:21,160 --> 00:29:23,560 Speaker 3: and charges, and actually get a feel for the platform. 616 00:29:23,920 --> 00:29:28,040 Speaker 3: Because while I never make recommendations for personally specific products, 617 00:29:28,240 --> 00:29:30,400 Speaker 3: I think it's important that you guys get a real 618 00:29:30,440 --> 00:29:32,600 Speaker 3: opinion from me, not just like, oh yeah, I read 619 00:29:32,600 --> 00:29:35,240 Speaker 3: the website and like that's just not good enough, because 620 00:29:35,280 --> 00:29:37,240 Speaker 3: you guys do genuinely look to me, and I'm so 621 00:29:37,280 --> 00:29:39,320 Speaker 3: grateful for it, but you look to me for guidance 622 00:29:39,320 --> 00:29:41,600 Speaker 3: on these things. And if I say I don't know, 623 00:29:41,720 --> 00:29:45,280 Speaker 3: it's genuinely because I actually don't feel educated enough to 624 00:29:45,280 --> 00:29:47,120 Speaker 3: have an opinion on that topic. And I think that 625 00:29:47,120 --> 00:29:49,480 Speaker 3: that's really important for me to point out. I'm not 626 00:29:49,520 --> 00:29:52,160 Speaker 3: going to joke about it or just make it up 627 00:29:52,240 --> 00:29:54,040 Speaker 3: because I think it makes me sound smart, like I'll 628 00:29:54,080 --> 00:29:56,640 Speaker 3: just be like, I don't know, I've never used that. 629 00:29:56,720 --> 00:29:59,600 Speaker 3: Let me get back to you. So for me, it 630 00:29:59,640 --> 00:30:01,800 Speaker 3: is the very hard to keep track of all of 631 00:30:01,840 --> 00:30:06,200 Speaker 3: your different portfolios if you're using different platforms. For me personally, 632 00:30:06,240 --> 00:30:09,360 Speaker 3: my main investment is on one platform and I just 633 00:30:09,480 --> 00:30:13,360 Speaker 3: transact there, so I would say that a majority of 634 00:30:13,400 --> 00:30:16,800 Speaker 3: my wealth is sitting there, whereas these micro investment platforms 635 00:30:16,800 --> 00:30:19,800 Speaker 3: for me are playing around with investment, and that's why 636 00:30:19,840 --> 00:30:22,200 Speaker 3: it looks like a bit of a shamble. But as 637 00:30:22,240 --> 00:30:26,600 Speaker 3: your investment grows and you graduate off microinvesting platforms, it's 638 00:30:26,680 --> 00:30:29,720 Speaker 3: very likely that you'll choose just one share trading platform, 639 00:30:29,760 --> 00:30:32,360 Speaker 3: whether that is through your financial advisor or you choose 640 00:30:32,360 --> 00:30:36,920 Speaker 3: it personally and invest individually. It will look a lot clearer, 641 00:30:37,040 --> 00:30:39,680 Speaker 3: so I would recommend doing that. But you can hold 642 00:30:39,720 --> 00:30:41,760 Speaker 3: your bonds, You can hold your assets on the share 643 00:30:41,760 --> 00:30:44,960 Speaker 3: platform that I've got, which is only accessible through financial advisers, 644 00:30:44,960 --> 00:30:47,800 Speaker 3: so I to apologize. On that platform, I'm actually able 645 00:30:47,840 --> 00:30:50,360 Speaker 3: to add other assets, so it won't track it properly 646 00:30:50,400 --> 00:30:53,360 Speaker 3: in real time, but I can just add at the bottom, like, oh, 647 00:30:53,440 --> 00:30:55,840 Speaker 3: I have my raised portfolio and it's got two hundred 648 00:30:55,840 --> 00:30:57,400 Speaker 3: dollars in it, so I put it down the bottom 649 00:30:57,480 --> 00:30:59,760 Speaker 3: so that when I look at my quote net worth 650 00:30:59,800 --> 00:31:02,000 Speaker 3: the kind of puts it all together, which is handy, 651 00:31:02,280 --> 00:31:05,520 Speaker 3: and some other platforms have that feature, so it won't 652 00:31:05,640 --> 00:31:07,680 Speaker 3: keep track of it in real time because they don't 653 00:31:07,760 --> 00:31:11,280 Speaker 3: have access to the data. But if you've got savings, 654 00:31:11,360 --> 00:31:13,320 Speaker 3: you can put the savings there because that's part of 655 00:31:13,320 --> 00:31:14,000 Speaker 3: your net wealth. 656 00:31:14,200 --> 00:31:17,080 Speaker 1: Okay, very good. Hopefully that helped you out there. M 657 00:31:17,440 --> 00:31:20,280 Speaker 1: next question here is from jocev So, how do you 658 00:31:20,400 --> 00:31:24,160 Speaker 1: identify a good investment bond and what is reasonable to 659 00:31:24,200 --> 00:31:25,920 Speaker 1: expect for fees and returns? 660 00:31:26,240 --> 00:31:30,080 Speaker 3: So for me, that is so hard to answer because 661 00:31:30,120 --> 00:31:33,080 Speaker 3: everyone is different and every bond is going to carry 662 00:31:33,120 --> 00:31:35,680 Speaker 3: a different level of risk, It's going to carry a 663 00:31:35,760 --> 00:31:39,000 Speaker 3: different fee structure. I think you just need to look 664 00:31:39,040 --> 00:31:41,120 Speaker 3: into it. At the end of the day, some have 665 00:31:41,240 --> 00:31:43,680 Speaker 3: higher fees because they have higher returns or they're a 666 00:31:43,720 --> 00:31:46,640 Speaker 3: little bit more safe. But yeah, I can't I can't 667 00:31:46,680 --> 00:31:49,080 Speaker 3: give an actual accurate answer, and I know that that's 668 00:31:49,160 --> 00:31:52,360 Speaker 3: so frustrating, But it would just be about googling what 669 00:31:52,400 --> 00:31:55,680 Speaker 3: a bond is, how it works, what bond works for you, 670 00:31:55,800 --> 00:31:58,360 Speaker 3: and actually looking into it and weighing up whether that 671 00:31:58,480 --> 00:32:02,720 Speaker 3: benefit works. That does get really overwhelming for some people 672 00:32:02,720 --> 00:32:06,920 Speaker 3: when they start to look into fees for investments, whether 673 00:32:06,960 --> 00:32:11,719 Speaker 3: that is atfs or bonds, they feel overwhelmed because they're like, oh, 674 00:32:11,720 --> 00:32:13,640 Speaker 3: my gosh, I didn't realize fees come out of here, here, 675 00:32:13,640 --> 00:32:17,080 Speaker 3: and here. You really need to calculate that, because sometimes 676 00:32:17,080 --> 00:32:19,520 Speaker 3: they'll say, oh, there's a performance fee or oh there's 677 00:32:19,600 --> 00:32:22,680 Speaker 3: a adminal management fee, and you're like, wow, there's so 678 00:32:22,800 --> 00:32:25,880 Speaker 3: many fees. But a lot of the time when you 679 00:32:25,920 --> 00:32:28,040 Speaker 3: work it out, it actually becomes really reasonable. 680 00:32:28,200 --> 00:32:31,960 Speaker 1: Okay, well said, And okay, So to finish off here, 681 00:32:32,080 --> 00:32:35,080 Speaker 1: if the listeners had to take away just one thing 682 00:32:35,160 --> 00:32:37,040 Speaker 1: from today's episode, what would it be. 683 00:32:37,880 --> 00:32:41,600 Speaker 3: Vickid take us away obviously that a bond is a 684 00:32:42,440 --> 00:32:45,240 Speaker 3: very sexy way of investing as well, my friends, and 685 00:32:45,280 --> 00:32:48,040 Speaker 3: that it is something that you should take into consideration 686 00:32:48,120 --> 00:32:50,520 Speaker 3: when thinking about your future wealth, and it is something 687 00:32:50,560 --> 00:32:53,760 Speaker 3: that can actually really help you create a well diversified 688 00:32:53,800 --> 00:32:57,600 Speaker 3: investment portfolio. And if shares aren't, you think they might 689 00:32:57,640 --> 00:33:00,200 Speaker 3: be a really great option that sits between having a 690 00:33:00,240 --> 00:33:02,880 Speaker 3: savings account and having shares. You feel like, I'm not 691 00:33:03,760 --> 00:33:06,080 Speaker 3: sure what I want to do. Some people feel like 692 00:33:06,120 --> 00:33:07,880 Speaker 3: they are safer, and I think that they could be 693 00:33:07,920 --> 00:33:11,800 Speaker 3: something that you could look into also IPO Initial Public Offering. 694 00:33:11,600 --> 00:33:15,160 Speaker 1: Not UFO. Alright, I think it is time to wrap 695 00:33:15,160 --> 00:33:16,040 Speaker 1: it up here, VICKI. 696 00:33:15,920 --> 00:33:18,320 Speaker 3: D Just before we head off, we'd like to acknowledge 697 00:33:18,320 --> 00:33:21,960 Speaker 3: and pay respects to Australia's Aboriginal and Torres Strait islander peoples, 698 00:33:22,040 --> 00:33:24,960 Speaker 3: the traditional custodians of the lands, the waterways and the 699 00:33:24,960 --> 00:33:27,920 Speaker 3: skies all across Australia. We thank you for sharing and 700 00:33:27,960 --> 00:33:30,120 Speaker 3: for caring on the land which we are all able 701 00:33:30,160 --> 00:33:33,040 Speaker 3: to learn. We pay respects to elders past and present, 702 00:33:33,080 --> 00:33:35,240 Speaker 3: and we share our friendship and our kindness. 703 00:33:36,480 --> 00:33:38,640 Speaker 1: And now for the boring stuff that you can all 704 00:33:38,640 --> 00:33:41,040 Speaker 1: tune out for the advice shared on she is on 705 00:33:41,080 --> 00:33:43,400 Speaker 1: the Money is general in nature and does not consider 706 00:33:43,480 --> 00:33:47,040 Speaker 1: your individual circumstances. She's on the Money exists purely for 707 00:33:47,200 --> 00:33:49,959 Speaker 1: educational purposes and should not be relied upon to make 708 00:33:50,040 --> 00:33:53,840 Speaker 1: an investment or a financial decision. And we promise Victoria 709 00:33:53,880 --> 00:33:57,600 Speaker 1: Divine is an authorized representative of Australia Pacific Funds Management, 710 00:33:57,760 --> 00:34:00,320 Speaker 1: but prior Toly Limited ABN three four one three two 711 00:34:00,360 --> 00:34:02,880 Speaker 1: four six three two five seven AFS L three three 712 00:34:03,000 --> 00:34:05,840 Speaker 1: nine one five one, and a big thank you to 713 00:34:05,920 --> 00:34:10,320 Speaker 1: Ryan and Beck our producers and to the gorgeous Jessica Richie. 714 00:34:10,400 --> 00:34:12,319 Speaker 1: I think that's where we got to last week for 715 00:34:12,400 --> 00:34:14,600 Speaker 1: putting it. Also shad shout out. 716 00:34:14,480 --> 00:34:18,520 Speaker 3: To Lucy the sheer Doodle, who has slept under the 717 00:34:18,560 --> 00:34:21,000 Speaker 3: desk for a majority of this episode recording. 718 00:34:21,080 --> 00:34:22,680 Speaker 1: But if you do hear a couple of nibbles, a 719 00:34:22,680 --> 00:34:25,880 Speaker 1: couple of woof woofs that it wasn't it wasn't Georgia, 720 00:34:27,160 --> 00:34:29,880 Speaker 1: it was loose. Where else can you find us, as 721 00:34:29,880 --> 00:34:34,480 Speaker 1: we said before, Facebook, Group, Instagram, literally everywhere. 722 00:34:34,760 --> 00:34:36,080 Speaker 3: Just Google us friends. 723 00:34:36,160 --> 00:34:37,040 Speaker 1: Yeah we're on there. 724 00:34:37,440 --> 00:34:38,600 Speaker 3: Yeah, we're on Google. 725 00:34:39,239 --> 00:35:05,400 Speaker 4: See you next week, guys. 726 00:35:00,280 --> 00:35:03,600 Speaker 1: Assass