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Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

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Speaker 1: woman and I'm here to acknowledge country t Glenn Young

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Speaker 1: Ganya Niana, Kaka yah Ya bin Ahaka Nian our gay

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Speaker 1: In Nimbina, yakarum jar Dominyama, Domaghawakaman, damon Imlan Bumba bang

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Speaker 1: Gadabomba in and now in wakah ghana on yakarrum jar Watnadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank acknowledge and respect the Abiginal people's land that

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Speaker 1: we're gathering on today. Take pleasure in all the land

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Speaker 1: and respect all that you see. She's on the Money

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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 1: knowledge and resources for you to thrive.

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Speaker 2: She's on the Money. She's on the Money.

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Speaker 3: Hello and welcome to She's on the Money, the podcast

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Speaker 3: that's here to show you that investing isn't just for

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Speaker 3: the rich, it is for you too. I'm your host,

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Speaker 3: Victoria Devine, and recently one of our very own team

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Speaker 3: members gave us a little peek into her investing diary. Yes,

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Speaker 3: she makes our Tiktoks builds our courses and is responsible

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Speaker 3: for the chaotic memes that you see on our feed.

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Speaker 3: But plot twist, she's actually a very seriously impressive investor.

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Speaker 3: You loved that episode and our dms blew up for more,

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Speaker 3: so I flew her over back from Perth, and because

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Speaker 3: I'm all about giving our community exactly what they want,

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Speaker 3: Brook is back today, and this time we're getting Pervy

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Speaker 3: on the shares and ETFs on her watch list.

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Speaker 2: So Brook, welcome back to the show. Hello divers.

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Speaker 3: I'm very excited about this. We're also going out for

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Speaker 3: dinner after.

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Speaker 2: This, so you no, I've actually re looked at the menu,

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Speaker 2: have you like.

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Speaker 3: Picked everything that you want? It was how I got

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Speaker 3: her to come from Perth to Milt.

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Speaker 4: I mean the correct time zone. I got up at

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Speaker 4: five am. We're here, but it's worth it.

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Speaker 2: I love it all.

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Speaker 3: Right, Before we dive into this, I feel like we

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Speaker 3: need to be like responsible human beings, and just like

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Speaker 3: the last episode you and I did, we probably need

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Speaker 3: to do a little bit of a disclaimer. So past

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Speaker 3: performance is not a reliable indicator of future performance, and

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Speaker 3: the advice that is being given isn't actually advice. We're

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Speaker 3: just two girls having a yap. Like guys, I'm a

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Speaker 3: retired financial advisor, not a current financial advisor, so everything

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Speaker 3: that I say and do has to be taken with

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Speaker 3: a grain of salt. We are sharing information that is

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Speaker 3: available at the time of recording, like something could happen

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Speaker 3: tomorrow and we drop this episode and you go, well,

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Speaker 3: that share price isn't accurate.

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Speaker 2: Yes, so please don't take what.

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Speaker 3: We're saying as gospel, because as we know, in the

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Speaker 3: world of investing, things can change literally overnight, and I

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Speaker 3: think that it is a very important thing that we

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Speaker 3: kind of stay on top of that. So these are

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Speaker 3: just like our personal thoughts and feelings. And Brook might

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Speaker 3: say her favorite color is blue, but you go, well,

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Speaker 3: my favorite colors red, and that doesn't really matter. We

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Speaker 3: just having a chat, right, Lucky you're wearing red today.

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Speaker 2: Though I know, and I have blue nails at all,

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Speaker 2: so everything is matchy matchy.

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Speaker 3: Before we jump in and get started, I need to

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Speaker 3: know how do you personally like to research? Because I

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Speaker 3: feel like this is the number one question, or not

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Speaker 3: the number one, but one of the number one questions

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Speaker 3: we get. People are like me, you say, do your

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Speaker 3: research the heck does that mean? How do you keep

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Speaker 3: up with the share market?

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Speaker 4: I think for me, I pretty much only invest in

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Speaker 4: things that I'm interested in. So the things that I

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Speaker 4: care about it a pretty much oil, your crude oil

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Speaker 4: is number one.

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Speaker 2: What do you mean I love fuel?

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Speaker 4: No, Like, if things don't interest me, I'm not going

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Speaker 4: to research them, Like if it's boring, why would anyone

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Speaker 4: research it? So it's more so just looking at industries

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Speaker 4: I'm really interested in. So say it's the tech sector. Well,

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Speaker 4: I'm following the news and the tech sector, and if

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Speaker 4: I hear a company mention a couple of times, I

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Speaker 4: might go then search it and see how it shares

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Speaker 4: and performed for the last five years. Obviously, past performance

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Speaker 4: isn't on an indicator of future performance, but sometimes it

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Speaker 4: can tell you a lot about Oh well, if they've

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Speaker 4: grown x amount in five years.

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Speaker 3: And it's been sustainable, yeah, and what are they doing?

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Speaker 4: And then you can look in you can read up

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Speaker 4: about those companies. You can do a little google on tiktoks,

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Speaker 4: even one's talking about them.

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Speaker 2: Read the reports.

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Speaker 4: Because people are really interested in so many random things,

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Speaker 4: so someone else besides you is definitely interested.

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Speaker 2: So if you searched up.

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Speaker 4: There's probably someone that's made a video about it, and

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Speaker 4: you can just watch, learn a bit, and then learn

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Speaker 4: a little bit more exactly.

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Speaker 3: And I think obviously don't take tiktoks as gospel, But

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Speaker 3: I don't know about you, Brook. I find that TikTok

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Speaker 3: seems to be my number one search engine. Yes, I

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Speaker 3: want a new vacuum call. I'm looking it up on

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Speaker 3: TikTok first to see what other people think, and like

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Speaker 3: you want to see a video, yeah, exactly, like the

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Speaker 3: amount of robot vacuum videos that I have watched recently

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Speaker 3: of krange that and duck videos. But what does it

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Speaker 3: take for something to go from like you being oh,

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Speaker 3: I'm kind of interested in that. I'm looking it up

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Speaker 3: on TikTok, I'm looking it up on line, I'm googling it.

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Speaker 3: I'm reading their reports to actually going you know, I'm

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Speaker 3: going to put some money where my mouth is. I

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Speaker 3: want to make an actual investment.

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Speaker 2: How do you do that? Yeah? So, well, I guess

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Speaker 2: it depends.

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Speaker 4: Like I'm sure we'll do another episode on my Core

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Speaker 4: Versse satellite, but it's a different approach for both. So

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Speaker 4: if I'm looking at like an ETF. I feel less

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Speaker 4: concerned about researching it really, really, really heavily because it's

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Speaker 4: quite low risk. Whereas if I'm looking at a direct share,

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Speaker 4: I'm researching at heaps and then I'll pop it on

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Speaker 4: my watch list, and I pretty much will never buy

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Speaker 4: something within twenty four hours of putting on my watch list.

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Speaker 4: I'll put on my watch list always apply. Yeah, the

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Speaker 4: shopping was applied to investing, for sure, and it's going

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Speaker 4: to be things that I'm actually interested in. So say

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Speaker 4: it's like a random shop. Let's say looking at Bunnings.

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Speaker 4: If I'm interested in Bunnings, I had Bunning to my

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Speaker 4: watch list.

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Speaker 2: You wouldn't you dyed? West Farmers?

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Speaker 4: Yeah, well I don't know what. Yeah, perfect, So say

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Speaker 4: I add West Farmers my watch list. I'll wait a

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Speaker 4: couple of months. I'll go back and check, and if

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Speaker 4: the stock price has gone up a little bit and

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Speaker 4: their annual reports are still looking good, their price to

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Speaker 4: earnings ratio is good, I might go, Okay, maybe this

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Speaker 4: is something I'm interested in. Put a little bit of

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Speaker 4: money in. I would never dump heaps of money in.

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Speaker 4: Put a little bit of money, test the water, and

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Speaker 4: then go okay. I feel comfortable, everything looks good and

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Speaker 4: continue on.

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Speaker 3: Yeah, And I feel like that's my strategy as well.

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Speaker 3: And I think a lot of people historically when I've

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Speaker 3: talked about that, go but it's increased in price, brook

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Speaker 3: do you still want it? It's kind of like I'm

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Speaker 3: actually happy to buy in at a slightly higher price

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Speaker 3: if I feel like it's still going to be sustainable,

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Speaker 3: Like I don't want to go back in time and

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Speaker 3: then realize I made a terrible investment because I was

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Speaker 3: getting foumo and I just wanted to put my money

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Speaker 3: where my mouth was at SAP. So I think it's

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Speaker 3: an important thing to not I guess get worried about

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Speaker 3: increasing share prices. Just the right time to invest is

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Speaker 3: the right time for you, not the right time for you,

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Speaker 3: And you can't time the market.

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Speaker 4: So I'd rather get in now when it's maybe a

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Speaker 4: dollar more than it was last week, but then in

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Speaker 4: ten weeks it might be ten dollars more. So I

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Speaker 4: should be happy that I got in when I got in. Yeah,

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Speaker 4: and we're yeah, we're going time in.

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Speaker 3: I'm chasing the longest those or the highest highs, like

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Speaker 3: we just girls happy with that beverage exactly all right,

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Speaker 3: should we start maybe talking about our eat. Yes, When

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Speaker 3: you add an ETF to your watch list, what are

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Speaker 3: you actually looking for?

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Speaker 5: Like?

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Speaker 3: Are we looking at distribution of different companies? Are you

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Speaker 3: looking at a particular sector because that's interesting to you?

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Speaker 1: Like?

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Speaker 3: Are you just looking for a top two hundred? I

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Speaker 3: feel like there's so many different ETFs yep.

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Speaker 4: I think for ETFs is definitely the two different realms

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Speaker 4: you can go down, which is like the index fund

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Speaker 4: side of things, you know, the average of everything, or

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Speaker 4: a thematic ETF. And in recent times most of my

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Speaker 4: core portfolio is like index ETFs and managed funds. But

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Speaker 4: in recent times I've been dabbling a lot more in

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Speaker 4: thematic ETFs because there's so many different sectors that obviously

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Speaker 4: are in those other ETFs, but they're they're really interesting

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Speaker 4: to me, and I think they're growing really rapidly.

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Speaker 3: Track a lot of people are going to be like, girl,

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Speaker 3: we've only just started to dabble in ETFs. What the

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Speaker 3: hell is a thematic ATF. Thematic ETF That sounds scary, yep.

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Speaker 3: So thematic ETF.

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Speaker 4: So let's go with for example, what my first one

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Speaker 4: would be that's on my watch list is the crypto

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Speaker 4: innovation is ETF. So it's an ETF entirely around the

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Speaker 4: crypto industry, but it is not it's not big coin,

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Speaker 4: it's none of those is companies that are building infrastructure

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Speaker 4: for that. So platforms that you would buy crypto on

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Speaker 4: that would be in a thematic ETF for crypto, like

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Speaker 4: different infrastructures surrounding that topic. So then you might go

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Speaker 4: get like a beauty ETF and it's all beauty companies

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Speaker 4: or like search engineering, like there is an ETF for everything,

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Speaker 4: So that really.

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Speaker 3: Just means yeah, niche small two hundred. It's a like

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Speaker 3: industry specific ETF.

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Speaker 4: Like if you were going to go for like a

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Speaker 4: fruit salad ETF, it would just have fruits and it's

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Speaker 4: going to have no vegetables. Like that's what a thematic

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Speaker 4: ETF is. It's just those small things specific. Yeah, tick

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Speaker 4: those boxes and they're yeah, typically made by a bunch

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Speaker 4: of different companies like Beta shares do some vandguard do

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Speaker 4: some I shareses, so your hat companies do them. And

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Speaker 4: there is a thematic ETF for everything, and.

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Speaker 3: I think that that's where and you know not to

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Speaker 3: try and sell thematic ETFs, but you might go Oh, well,

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Speaker 3: I want to ETF and I've maybe gone and bought

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Speaker 3: like the high growth Banguard Top two hundred whatever ADHD. Yeah,

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Speaker 3: and we are excited about that. But then you're like,

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Speaker 3: but I want to be really specific, maybe I should

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Speaker 3: hold tech. And then you get a little bit confused,

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Speaker 3: and you're like, maybe I should like go and like

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Speaker 3: do some research into tech companies. Maybe if you're an

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Speaker 3: ETF girlie like we kind of are, we're not doing

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Speaker 3: specific research into the individual companies we could research. We're

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Speaker 3: doing research into a thematic ETF where you kind of go,

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Speaker 3: all right, so I know that I'm interested in tech,

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Speaker 3: and I think that that's going to be good for

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Speaker 3: my portfolio, good for my personal interests. I'm going to

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Speaker 3: get a professional who's picked literally everyone's their full time job, yep,

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Speaker 3: every tech company in that so I can say I've

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Speaker 3: got exposure to tech. That's what I wanted, that's what

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Speaker 3: I'm interested in. But the person who's picked all of

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Speaker 3: those individual companies, we.

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Speaker 4: Really knows what they're doing, yep. And it diversifies your

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Speaker 4: risk as well. So say you're investing in one tech company,

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Speaker 4: your risk for that company is one hundred percent you've

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Speaker 4: got one. So if it fluctuates, if it goes down, okay,

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Speaker 4: well all your portfolio is going down. But if you've

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Speaker 4: got your investing in a tech ETF that's got twenty

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Speaker 4: companies in it, your risk per share is five percent.

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Speaker 4: So it's those five companies. If one goes down or

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Speaker 4: the other, nineteen might be up, you don't know. So

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Speaker 4: like it kind of helps you without diversifying as well.

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Speaker 4: So if you're a bit scared to do direct shares,

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Speaker 4: it's like, okay, well you can just still pick a

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Speaker 4: thematic ETF and it's kind of like a direct share,

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Speaker 4: just with a little bit less risk, but also it's

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Speaker 4: still quite risky.

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Speaker 3: Yeah, And I feel like in twenty twenty five, with

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Speaker 3: the changing nature of technology social media, I used to

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Speaker 3: pick so back when I was giving financial advice, I

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Speaker 3: used to have basically all of my clients that had

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Speaker 3: an investment portfolio with me owned direct shares, and we

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Speaker 3: would hold between eight and maybe twelve direct shares.

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Speaker 2: We would diversify in that.

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Speaker 3: But I feel like now because it moves even more

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Speaker 3: radically personally, I've moved away from that. So my old

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Speaker 3: investing portfolio used to be I think eleven different shares,

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Speaker 3: and then I started picking up an ETF, and I

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Speaker 3: mean that was my first investment, but it kind of

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Speaker 3: went to the wayside when I thought I knew better.

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Speaker 3: And then now I would say ninety percent of my

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Speaker 3: portfolio is just different ETFs. I've got one specific ETF

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Speaker 3: that takes up fifty percent of my portfolio because I go, sorry, yep,

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Speaker 3: I trust this thangard high growth.

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Speaker 2: Love you like you're just making me feel safe.

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Speaker 4: Like you're middle aligns with your goals and you don't.

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Speaker 4: It's like a it's not low risk, but it's like

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Speaker 4: you really trust what's in there. Yeah, so you can

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Speaker 4: put it in there and not have to stress as much.

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Speaker 3: And like, my investing goals are long term. I'm not

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Speaker 3: here to try and find the next unicorn that shoots

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Speaker 3: the lights out and makes me really rich because the

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Speaker 3: probability of that happening is incredibly low.

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Speaker 4: Gambling like that, you're looking for that tiny little lotto ticket,

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Speaker 4: but you're not going to get that.

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Speaker 2: So with ETF, it's low and slow and that's that's

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Speaker 2: what we're doing.

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Speaker 3: So I asked you to come with a list of

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Speaker 3: your ETFs and shares that are on your watch list,

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Speaker 3: and I want you to tell me that, what's the

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Speaker 3: first cab off the It was.

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Speaker 4: Mentioned in my investing dough because it's my best performing ETF,

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Speaker 4: but I thought I would bring it back because it's

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Speaker 4: a good coals want to know about it, and I

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Speaker 4: mentioned it before, which is the Beta Shares Crypto Innovatus

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Speaker 4: ETFE with the ticket code CRYP if you want to

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Speaker 4: give it a Google. It offers exposure to global companies

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Speaker 4: building the crypto ecosystem, including coinbased right platforms, and micro strategy.

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Speaker 2: So it's not it's big, it's crypto.

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Speaker 3: No, it's the frameworks that are supporting cryptocurrency development.

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Speaker 4: Which I think is why I chose it, because obviously crypto'

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Speaker 4: is so risky and I consider crypto a bit of gambling.

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Speaker 2: I'm sure you do too, And I really wanted to

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Speaker 2: exposure to that industry.

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Speaker 4: But I don't want to go buy bitcoin because I

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Speaker 4: don't really alive to my investing goals.

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Speaker 2: But if that industry is going to boom, all the things.

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Speaker 4: Are around that of it, yea, all that, all the

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Speaker 4: things around these, I'm gonna do well. So that's why

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Speaker 4: my watch list I have been buying it for a

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Speaker 4: little while and it's up pretty good. So I've kept

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Speaker 4: on my watch list, and every time I'm like, okay, well,

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Speaker 4: I know it's going to crash because there's a very

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Speaker 4: like niche thematic ETF, I'm like, oh, I probably shouldn't

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Speaker 4: trust it.

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Speaker 2: It keeps going up, and I think, gosh, maybe I

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Speaker 2: am a financial advisor, so I mean.

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Speaker 3: It doesn't take much Like look where I've come from.

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Speaker 4: I know if you can do, anyone can. The ETF, though,

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Speaker 4: is incredibly high risk.

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Speaker 3: So that is always to one where everybody's kind of going, oh,

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Speaker 3: I'm a really interested in that, but like, sorry, we're

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Speaker 3: really pervy about individuals investing journeys. Have you got one

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Speaker 3: that's maybe a little bit more low risk on your

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Speaker 3: watch list that we could dive into.

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Speaker 2: The next one I have is Global x Fang.

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Speaker 4: It's a Global Xfang plus the Tiger Coade is FANNG.

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Speaker 2: I own this.

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Speaker 4: It tracks an equal weighted index of ten global tech giants,

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Speaker 4: including Apple, Meta, Amazon, Microsoft, Navidia, and Tesla.

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Speaker 3: So I picked this because I wanted to the international

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Speaker 3: market and I didn't want a top two hundred.

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Speaker 4: Yeah, I think with like obviously being Australian we have

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Speaker 4: ETFs in the ASX two hundred and things like that.

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Speaker 4: But I don't really like index investing in America because

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Speaker 4: I don't really know those American companies that don't really

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Speaker 4: care about them, like the lower ones on the big dogs,

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Speaker 4: but I want the big dogs.

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Speaker 2: So having an ETF like this is good because you're

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Speaker 2: still really popular in our community. For this reason, you

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Speaker 2: get still get that.

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Speaker 4: Exposure to those top companies that we know and use.

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Speaker 4: Like all those companies on the list we all know,

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Speaker 4: we either use or we've all been in a Tesla

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Speaker 4: in on an uber, which we hated.

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Speaker 2: Because we hate electric cars. But it gives you exposure.

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Speaker 4: In twenty twenty four, the index returned over fifty percent,

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Speaker 4: outperforming the broader S and P five hundred, So those

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Speaker 4: ten companies outperformed by fifty percent.

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Speaker 2: So that's pretty good.

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Speaker 3: And if you break down, like me being a bit nerdy,

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Speaker 3: if you break down any of the top two hundred ETFs,

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Speaker 3: so like we always talk about diversifying your risk, and

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Speaker 3: if you purchase a top two hundred or a top

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Speaker 3: one hundred, or even a top five hundred, right, you're

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Speaker 3: getting exposure to all of those two hundred companies, but

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Speaker 3: most of the performance is actually driven by usually the

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Speaker 3: top TWENTYEP so you'll see that they're blowing the lights out.

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Speaker 3: But the thing is, you can't pick one hundred companies

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Speaker 3: and then I sit down with you and go, all right, brook,

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Speaker 3: let's pick who's going to perform.

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Speaker 2: Well, you don't know. You don't know. I wish I

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Speaker 2: had like a magic crystal ball and could tell you

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Speaker 2: because I'd be so rich. I know, actually i'd be

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Speaker 2: so rich. Should you just pick companies that you know?

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Speaker 4: Like, I know those companies, I kind of believe in

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Speaker 4: what they're doing, so I can put my money where

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Speaker 4: my mouth is and invest in something like that.

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Speaker 3: Yeah, So what's its performance look like more long term?

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Speaker 3: Obviously recently it's done really well, but we're always saying, look,

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Speaker 3: that's really sexy, but we need to zoom out chat

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Speaker 3: a little bit.

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Speaker 2: What's this like five year performance?

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Speaker 4: So in five years it's up get this one hundred

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Speaker 4: and fifty eight percent.

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Speaker 3: I knew that because that's what minds me looking pretty good.

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Speaker 2: I'm not mad about that. Call me an investor.

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Speaker 4: So I haven't purchased this yet because I have so

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Speaker 4: many eating like I accidentally have too much overlap. Yeah,

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Speaker 4: I'm sure we'll get into that in another episode about

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Speaker 4: what you do if you have overlap. But I have

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Speaker 4: too much overlap in this sector. So I haven't invested

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Speaker 4: in this yet. But year to date it's up four

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Speaker 4: point six two percent, so it's not doing that well.

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Speaker 4: But that means that there's still time for me to

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Speaker 4: jump in because it's not a bad No, it's not

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Speaker 4: bad because we're looking for the average over long term.

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Speaker 2: And also I think it's important as well.

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Speaker 3: These companies pay dividends, and they pay pretty consistent dividends,

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Speaker 3: which is another reason why I am quite interested in

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Speaker 3: this because as much as performance is really good, and

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Speaker 3: I think that we've really focused on that for this

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Speaker 3: part of the episode, we haven't really talked about you know,

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Speaker 3: dividend yield yet, but something that I'm looking at when

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Speaker 3: I am investing is like, yeah, I want to see

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Speaker 3: good performance over time. I want them to see I

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Speaker 3: want to see consistent growth, but I also want to

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Speaker 3: get paid. Like I don't care about dividends, see, I do,

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Speaker 3: because then I reinvest in. Like my my plan is

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Speaker 3: any money that my investment portfolio makes. I have one

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Speaker 3: hundred percent dividend reinvestment plan on and I don't pull

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Speaker 3: it out. And for me, I go, well, that's kind

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Speaker 3: of it's secretly building in the background and me, like

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Speaker 3: for Fang, for example, I know I want to continue

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Speaker 3: to own that. But when I put my little packet

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Speaker 3: of my investment money into my investment platform on a

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Speaker 3: monthly basis, that doesn't actually go to Fang.

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Speaker 2: Oh you're a monthly investor. I'm a monthly investor. That's

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Speaker 2: very interesting, do you know why?

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Speaker 3: And like I think a lot of people would assume, oh,

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Speaker 3: Victoria must invest like on a weekly.

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Speaker 2: I thought you would do a weekly.

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Speaker 3: I don't do weekly because I sometimes don't know what

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Speaker 3: my income can be. So like I, yeah, this is

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Speaker 3: like this is like the pervy stuff that I don't

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Speaker 3: think anyone in our business knows about how I get paid.

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Speaker 2: And do you know what, it's not a silver in

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Speaker 2: personal finances. But that's not like it's not a secret.

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Speaker 2: No one's just asked.

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Speaker 3: But the way that my income works is I pay

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Speaker 3: myself of like a really base minimum wage, like I

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Speaker 3: can cover my bills, I can cover my stuff, like

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Speaker 3: my husband and I have a budget. And then depending

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Speaker 3: on what's happening that month in our business, like whether

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Speaker 3: we've you know, for example, invested a whole heap in

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Speaker 3: marketing or branding or you know, and we don't do

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Speaker 3: these things that often, but like or we've hired someone new,

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Speaker 3: or we've you know, gone on a big work trip overseas.

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Speaker 4: Manifesting everyone in iNeST with me, we're going at a

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Speaker 4: big work trip overseas.

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Speaker 2: Sorry, I believe that you already have. I got a

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Speaker 2: presentation tonight.

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Speaker 3: Okay. Whenever the girls like side note, whenever the girls

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Speaker 3: want to go to like, uh, you know, a conference,

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Speaker 3: a conference or something which in our industry, because we're

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Speaker 3: in podcasting and in finance, it's really niche. Like there

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Speaker 3: are many conferences in Australia that are like, oh conference

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Speaker 3: for finance content creators, like they have to go overseas,

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Speaker 3: And I say, sorry, if you really want.

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Speaker 2: To go to that, you shall make a pay pay

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Speaker 2: for it. But I want a presentation. What am I

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Speaker 2: getting out of you?

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Speaker 1: Wait?

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Speaker 2: Do you say it is a delight? I'll share it

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Speaker 2: with the internet.

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Speaker 3: But when we talk about these things, that means that

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Speaker 3: I go, oh, well, I don't really want to personally

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Speaker 3: add any financial burden to my business by taking out

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Speaker 3: some money and because I only know that twelve times.

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Speaker 2: Singer back in the business. Yes, and that's actually my polarity.

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Speaker 3: So my priority is actually reinvesting in the business and

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Speaker 3: having that growth as opposed to my personal investment platform.

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Speaker 2: So I only invest on a monthly basis.

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Speaker 3: In some months, I can be like, oh, my god,

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Speaker 3: I did really well, Like maybe I've done like an

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Speaker 3: extra six speaking events, like we've you know, done a

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Speaker 3: whole heap of advertising on the podcast, and we've launched

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Speaker 3: a new course.

436
00:19:36,240 --> 00:19:38,840
Speaker 2: I might go, Okay, well i'll take you've got more budgets,

437
00:19:39,040 --> 00:19:39,560
Speaker 2: We'll take.

438
00:19:39,480 --> 00:19:41,920
Speaker 3: Five grand this month, because like I really want to

439
00:19:42,280 --> 00:19:45,320
Speaker 3: like obviously still be self sustaining, so something for me

440
00:19:46,040 --> 00:19:48,560
Speaker 3: or something that I get quite anxious about. Complete side

441
00:19:48,640 --> 00:19:51,480
Speaker 3: note is that the business cash flow what Yeah, no,

442
00:19:51,640 --> 00:19:55,040
Speaker 3: not just business cash flow. How long's podcasting gonna last? Yeah,

443
00:19:55,440 --> 00:19:58,280
Speaker 3: Like I feel like I'm made of shining, But I

444
00:19:58,400 --> 00:20:00,680
Speaker 3: also need to make sure that, like well, if she'd

445
00:20:00,720 --> 00:20:04,560
Speaker 3: hit the fan, like, I'm still financially individually stable. So

446
00:20:05,040 --> 00:20:07,080
Speaker 3: some months I might go, oh, take five grand, and

447
00:20:07,160 --> 00:20:09,120
Speaker 3: other months I'll go, oh, it's.

448
00:20:09,119 --> 00:20:11,240
Speaker 2: One hundred years and yeah, some.

449
00:20:11,440 --> 00:20:13,320
Speaker 3: Months, I'm like, we're just going to do the bare

450
00:20:13,400 --> 00:20:15,840
Speaker 3: minimum stick and it's okay. I think that's okay, But

451
00:20:16,359 --> 00:20:17,240
Speaker 3: for me it's not.

452
00:20:17,440 --> 00:20:18,120
Speaker 2: It's realistic.

453
00:20:18,840 --> 00:20:20,760
Speaker 3: Yeah, for me, it's not about like, oh, I have

454
00:20:20,960 --> 00:20:22,800
Speaker 3: this plan and I stick to it. It's kind of

455
00:20:22,880 --> 00:20:26,040
Speaker 3: like my priorities are first as a business owner, and

456
00:20:26,119 --> 00:20:29,480
Speaker 3: then second does an individual investor who can create individual

457
00:20:29,560 --> 00:20:33,560
Speaker 3: wealth because like, hopefully by making that decision, my business

458
00:20:33,600 --> 00:20:35,280
Speaker 3: will then in the future make more money and all

459
00:20:35,320 --> 00:20:35,480
Speaker 3: of that.

460
00:20:35,840 --> 00:20:38,720
Speaker 2: Right, So you're investing in other ways, and so that's

461
00:20:38,760 --> 00:20:40,439
Speaker 2: why it fluctuates.

462
00:20:40,480 --> 00:20:42,480
Speaker 3: Like if you looked at my investment contributions, I think

463
00:20:42,520 --> 00:20:45,800
Speaker 3: I did twelve hundred dollars last month total. Yeah, and

464
00:20:45,960 --> 00:20:48,600
Speaker 3: that was just because that's as you know, we've invested

465
00:20:48,640 --> 00:20:50,760
Speaker 3: a fair bit in lots of different things in the business.

466
00:20:51,800 --> 00:20:55,000
Speaker 2: And it's not a bad thing, No, it's just meat

467
00:20:55,119 --> 00:20:55,960
Speaker 2: like different priorities.

468
00:20:56,040 --> 00:20:58,879
Speaker 3: And we're so lucky, right, Like I share quite openly,

469
00:20:59,000 --> 00:21:01,040
Speaker 3: like we're our business flow is at with the team

470
00:21:01,119 --> 00:21:03,080
Speaker 3: because we're a small team and I never want anyone

471
00:21:03,119 --> 00:21:03,360
Speaker 3: to feed.

472
00:21:03,400 --> 00:21:04,960
Speaker 2: You don't feel in the dark. We feel like we

473
00:21:05,119 --> 00:21:05,520
Speaker 2: know a lot.

474
00:21:05,680 --> 00:21:07,680
Speaker 3: Yeah, but I do that because I don't want you

475
00:21:07,720 --> 00:21:09,520
Speaker 3: to go, oh, she's a small business. I don't want

476
00:21:09,560 --> 00:21:11,879
Speaker 3: to ask for things, or she's a small business. You know,

477
00:21:12,080 --> 00:21:14,480
Speaker 3: is my job secure? Like I want you to feel secure,

478
00:21:14,880 --> 00:21:17,000
Speaker 3: and I'd prefer to be sitting on a fair bit

479
00:21:17,040 --> 00:21:19,280
Speaker 3: of cash and just take a little bit from my staff.

480
00:21:19,720 --> 00:21:22,080
Speaker 3: So last month, I think it was like twelve hundred

481
00:21:22,119 --> 00:21:25,399
Speaker 3: dollars and then I added some more stuff from whatever

482
00:21:25,480 --> 00:21:27,720
Speaker 3: that I had in my bank account from not spending

483
00:21:27,760 --> 00:21:30,639
Speaker 3: because I didn't have time. So I was impressed, right,

484
00:21:30,840 --> 00:21:32,560
Speaker 3: But then there have been months where I'm doing five

485
00:21:32,720 --> 00:21:36,080
Speaker 3: or even seven thousand dollars because I'm like, okay, well

486
00:21:36,160 --> 00:21:37,560
Speaker 3: I've got comfortable.

487
00:21:37,160 --> 00:21:38,520
Speaker 2: Taking that out. Yeah.

488
00:21:38,960 --> 00:21:39,159
Speaker 5: Does that?

489
00:21:39,320 --> 00:21:41,520
Speaker 3: I feel like that gives good context to the community

490
00:21:41,560 --> 00:21:43,440
Speaker 3: as well, because they would be like, she must invest

491
00:21:43,480 --> 00:21:46,119
Speaker 3: every single week. Maybe one day when I feel a

492
00:21:46,160 --> 00:21:47,160
Speaker 3: little bit more secure.

493
00:21:47,400 --> 00:21:50,280
Speaker 2: Yes, So what else is on your financial watch list?

494
00:21:50,480 --> 00:21:53,360
Speaker 3: I've brought a few niche ones and I haven't purchased

495
00:21:53,400 --> 00:21:55,560
Speaker 3: these ones. I know that I think your watch list

496
00:21:55,640 --> 00:21:57,320
Speaker 3: you've got things that you're like, I'm still watching it

497
00:21:57,400 --> 00:22:00,840
Speaker 3: because I'm still consistently investing in it. Yeah, invest plan

498
00:22:01,200 --> 00:22:04,080
Speaker 3: is every single time I dump that money into my

499
00:22:04,200 --> 00:22:07,480
Speaker 3: investment portfolio. It goes fifty percent to the one share

500
00:22:07,600 --> 00:22:09,879
Speaker 3: that I have a lot of conviction in, and then

501
00:22:09,920 --> 00:22:12,440
Speaker 3: I diversify kind of drip feed it to the rest.

502
00:22:13,080 --> 00:22:15,320
Speaker 3: These are shares that are on my watch list because

503
00:22:15,320 --> 00:22:17,040
Speaker 3: I'm not sure if I want to buy in or not.

504
00:22:18,040 --> 00:22:22,480
Speaker 3: So the first one is ASX ticker code mote vote yep.

505
00:22:22,520 --> 00:22:26,080
Speaker 3: So it's VANK morning Star wide mote okay, And I

506
00:22:26,200 --> 00:22:29,360
Speaker 3: find this to be a relatively interesting share. So it's

507
00:22:29,400 --> 00:22:33,760
Speaker 3: a us ATF that owns companies morning Star. So morning

508
00:22:33,800 --> 00:22:38,000
Speaker 3: Star is like another VATA Shares or Vanguard. They're very

509
00:22:38,119 --> 00:22:41,040
Speaker 3: well known, so morning Star is, you know, as reputable.

510
00:22:41,040 --> 00:22:42,760
Speaker 3: I feel like we don't talk about it as much.

511
00:22:44,080 --> 00:22:49,120
Speaker 3: But they believe that these companies have durable competitive advantages

512
00:22:49,720 --> 00:22:52,520
Speaker 3: in investing. That's actually known as having like a really

513
00:22:52,560 --> 00:22:54,920
Speaker 3: wide moat, so if you think about a castle, it's

514
00:22:55,000 --> 00:22:59,200
Speaker 3: like a protective barrier. Thus the name of share. And

515
00:22:59,680 --> 00:23:03,840
Speaker 3: they think that those shares look undervalued. So they're kind

516
00:23:03,880 --> 00:23:05,359
Speaker 3: of like, oh, we're going to go and like have

517
00:23:05,480 --> 00:23:08,480
Speaker 3: a little lega code ATMAT.

518
00:23:08,640 --> 00:23:09,879
Speaker 2: I had Google the wrong one.

519
00:23:09,920 --> 00:23:13,119
Speaker 3: So basically and you're going to love this. Basically, it

520
00:23:13,240 --> 00:23:17,840
Speaker 3: follows the Warren Buffett style of investment, and we've discussed before. Yeah,

521
00:23:17,960 --> 00:23:20,600
Speaker 3: so I think you'll be relatively interested in this. I

522
00:23:20,600 --> 00:23:23,560
Speaker 3: would say it's a bit more of a like refined

523
00:23:23,640 --> 00:23:26,520
Speaker 3: approach to equity investing, so like you're not buying based

524
00:23:26,600 --> 00:23:28,679
Speaker 3: on the size or like the hype of a company.

525
00:23:28,920 --> 00:23:35,160
Speaker 3: You're actually buying based on quality and plast discipline, which

526
00:23:35,200 --> 00:23:37,280
Speaker 3: is why I've still got it on my list because

527
00:23:37,320 --> 00:23:41,400
Speaker 3: it's like not as shiny as like a fang where

528
00:23:41,400 --> 00:23:43,040
Speaker 3: you're kind of like, I know what I get it like,

529
00:23:43,160 --> 00:23:45,120
Speaker 3: but you will know some of the companies in here.

530
00:23:45,280 --> 00:23:49,000
Speaker 3: So the portfolio is relatively dynamic, and it has like

531
00:23:49,560 --> 00:23:51,600
Speaker 3: I would say, a fair few household names, so it

532
00:23:51,720 --> 00:23:58,840
Speaker 3: owns like Disney, it owns a Yep, Boweling, Pfizer, Nike, Yep.

533
00:23:59,000 --> 00:24:00,760
Speaker 3: So there's a fair few. But then there are a

534
00:24:00,880 --> 00:24:03,600
Speaker 3: whole heap of niche yet that I've never heard of,

535
00:24:03,680 --> 00:24:05,680
Speaker 3: and that I can always guarantee you've never heard of.

536
00:24:05,920 --> 00:24:07,600
Speaker 4: Well, that's kind of the thing that I don't really

537
00:24:07,680 --> 00:24:09,440
Speaker 4: have in my watch thiss is things I don't know,

538
00:24:09,600 --> 00:24:11,320
Speaker 4: because I feel like if I don't know, I shouldn't

539
00:24:11,320 --> 00:24:13,200
Speaker 4: trust it. But that's not true because some of the

540
00:24:13,280 --> 00:24:15,200
Speaker 4: best performing companies are companies I don't know.

541
00:24:15,480 --> 00:24:18,000
Speaker 3: Well, the reason this came onto my radar obviously, like

542
00:24:18,160 --> 00:24:20,119
Speaker 3: I'll tell you about share price and performance, but the

543
00:24:20,200 --> 00:24:23,360
Speaker 3: reason it came onto my radar was because of their

544
00:24:23,520 --> 00:24:28,040
Speaker 3: investment style. And I'm a nerd, so I really I know, right,

545
00:24:28,160 --> 00:24:30,200
Speaker 3: Like I was reading the Financial Review the other day

546
00:24:30,640 --> 00:24:32,199
Speaker 3: or no, actually a couple of months ago. It's been

547
00:24:32,200 --> 00:24:34,920
Speaker 3: sitting there for ages, But they were talking about the

548
00:24:35,080 --> 00:24:39,560
Speaker 3: investment styles being adopted by different ETF companies, and this

549
00:24:39,720 --> 00:24:42,040
Speaker 3: one fell under the Warren Buffett.

550
00:24:41,640 --> 00:24:42,439
Speaker 2: Style of investing.

551
00:24:43,200 --> 00:24:46,440
Speaker 3: Oh, that's relatively interesting because obviously I've said time and

552
00:24:46,520 --> 00:24:48,760
Speaker 3: time again I love that investing.

553
00:24:48,359 --> 00:24:50,879
Speaker 2: Style that tually is the best in history, so we

554
00:24:50,920 --> 00:24:51,639
Speaker 2: should enjoy that.

555
00:24:51,920 --> 00:24:54,480
Speaker 3: But if you'd shown me the list of companies have

556
00:24:54,520 --> 00:24:59,160
Speaker 3: probably been like, oh, I'm not entirely sure, because essentially

557
00:25:00,080 --> 00:25:02,760
Speaker 3: their analysts are consistently looking.

558
00:25:02,600 --> 00:25:06,320
Speaker 2: For what they call mote strength. Right, I've been kind

559
00:25:06,320 --> 00:25:08,240
Speaker 2: of loving the branding of all of them. I'm trying.

560
00:25:08,280 --> 00:25:10,080
Speaker 2: I'm trying, so you're selling it to me.

561
00:25:10,240 --> 00:25:13,920
Speaker 3: They define mote strength as like the brand power company

562
00:25:14,000 --> 00:25:20,760
Speaker 3: has switching costs, network effects and cost advantages, and those

563
00:25:20,880 --> 00:25:24,040
Speaker 3: that are then like weighted on their scale. And please

564
00:25:24,040 --> 00:25:25,320
Speaker 3: don't ask me, because I don't know what the hell

565
00:25:25,359 --> 00:25:27,640
Speaker 3: their scale is. I've just trusted that because their analysts

566
00:25:27,680 --> 00:25:30,640
Speaker 3: they know what they're talking about. Yes, the index then

567
00:25:30,800 --> 00:25:35,720
Speaker 3: picks what they rate as wide, and then of those

568
00:25:35,880 --> 00:25:39,440
Speaker 3: wide companies, it makes it to what morning Star thinks

569
00:25:39,600 --> 00:25:43,680
Speaker 3: is a fair trade value. So they're not looking for

570
00:25:43,760 --> 00:25:46,520
Speaker 3: companies like you know, Apple, which is blowing the lights out.

571
00:25:46,560 --> 00:25:48,520
Speaker 3: You're not going to find that on there because they're like, well,

572
00:25:48,760 --> 00:25:52,680
Speaker 3: we actually lookably think Yeah, but they obviously think that

573
00:25:52,960 --> 00:25:55,600
Speaker 3: like that might actually be overvalued because there's got too

574
00:25:55,680 --> 00:25:57,119
Speaker 3: much hype associated with it.

575
00:25:57,400 --> 00:25:59,879
Speaker 2: Yeah, so they're trying to do things that can be

576
00:26:00,080 --> 00:26:02,200
Speaker 2: bought at a reasonable price. Bowings boring.

577
00:26:02,359 --> 00:26:06,399
Speaker 4: Yeah, I'm not saying it actually has interesting like eleven

578
00:26:06,480 --> 00:26:08,760
Speaker 4: year backlog or something. They have something like six billion

579
00:26:08,800 --> 00:26:10,680
Speaker 4: dollars on the waitlist.

580
00:26:10,320 --> 00:26:13,200
Speaker 3: Of No one's talking about it, but like as an investment,

581
00:26:13,240 --> 00:26:15,280
Speaker 3: I'm sorry, they've got good cash flow coming up for

582
00:26:15,359 --> 00:26:16,760
Speaker 3: the next ten plus years.

583
00:26:16,840 --> 00:26:19,359
Speaker 2: Yeah, they've got a duopoly. I am that's a very

584
00:26:19,400 --> 00:26:22,080
Speaker 2: cool word. A duopoly. Well, because there's only two main

585
00:26:22,359 --> 00:26:24,160
Speaker 2: It's true, people, it's very true.

586
00:26:24,560 --> 00:26:29,119
Speaker 3: But essentially they are picking those companies, and then I

587
00:26:29,320 --> 00:26:33,560
Speaker 3: trust those analysts to have picked companies that they're like, oh,

588
00:26:33,600 --> 00:26:35,720
Speaker 3: if they think they're undervalued, that's going to be a

589
00:26:35,800 --> 00:26:37,280
Speaker 3: better recommendation than the Victoria DEVI.

590
00:26:37,280 --> 00:26:38,440
Speaker 2: I'm thinking it's undervalue.

591
00:26:38,640 --> 00:26:41,000
Speaker 4: And that's what people are working on these ETFs and

592
00:26:41,080 --> 00:26:42,760
Speaker 4: these managed funds full time.

593
00:26:42,880 --> 00:26:45,280
Speaker 2: That's what I trust these nerds. They live off love it,

594
00:26:45,600 --> 00:26:47,640
Speaker 2: I know, and we love that. We love an R. Yeah.

595
00:26:47,720 --> 00:26:52,120
Speaker 3: And they also rebalance the portfolio relatively consistently. So while

596
00:26:52,160 --> 00:26:55,280
Speaker 3: it's been on my watch list, I've seen things drop

597
00:26:55,359 --> 00:26:58,600
Speaker 3: off and come onto the ETF, which happens a fair

598
00:26:58,680 --> 00:27:00,840
Speaker 3: bit in things like top two hundreds where they have

599
00:27:00,960 --> 00:27:03,119
Speaker 3: to be like in the top two hundred performing, But

600
00:27:03,320 --> 00:27:05,920
Speaker 3: like this is more active than just and that's why.

601
00:27:05,840 --> 00:27:07,600
Speaker 2: You pay that management fee with an ETF for an

602
00:27:07,600 --> 00:27:08,040
Speaker 2: index vis.

603
00:27:08,200 --> 00:27:08,360
Speaker 1: Yeah.

604
00:27:08,480 --> 00:27:12,680
Speaker 3: So essentially they rebalance on a pretty regular schedule, so

605
00:27:12,840 --> 00:27:16,040
Speaker 3: holdings turn over as prices move and then ratings evolve.

606
00:27:16,240 --> 00:27:18,280
Speaker 3: So it's not just like they're the top two hundred

607
00:27:18,320 --> 00:27:19,400
Speaker 3: and then stay there.

608
00:27:19,680 --> 00:27:19,880
Speaker 1: Yeah.

609
00:27:19,920 --> 00:27:22,240
Speaker 3: But also like the performance is the reason they're on

610
00:27:22,320 --> 00:27:25,120
Speaker 3: that list, yep. It's also like there's mating of their

611
00:27:25,240 --> 00:27:28,720
Speaker 3: mote and they might go, oh, you're getting a little.

612
00:27:28,560 --> 00:27:30,359
Speaker 2: Bit too popular. I'm got to use the word mote.

613
00:27:30,440 --> 00:27:32,560
Speaker 3: Now, do you know what's interesting as well? And this

614
00:27:32,720 --> 00:27:34,879
Speaker 3: is where ETFs become a little bit more complex. If

615
00:27:34,920 --> 00:27:37,600
Speaker 3: I buy it today, I'll get everything in that portfolio.

616
00:27:38,000 --> 00:27:40,679
Speaker 3: But just because an ETF company drops it from your

617
00:27:40,720 --> 00:27:43,920
Speaker 3: portfolio doesn't mean you won't like still hold it, Like

618
00:27:44,000 --> 00:27:46,160
Speaker 3: they sell it on your behalf, but you're still having

619
00:27:46,280 --> 00:27:47,639
Speaker 3: had exposure.

620
00:27:47,119 --> 00:27:47,800
Speaker 2: To that company.

621
00:27:48,119 --> 00:27:50,000
Speaker 3: Yeah, and then it will be switched with something that

622
00:27:50,080 --> 00:27:51,200
Speaker 3: they think is actually a better.

623
00:27:51,119 --> 00:27:51,600
Speaker 2: Option for you.

624
00:27:51,800 --> 00:27:53,679
Speaker 4: Like if you bought it today and I bought it tomorrow,

625
00:27:53,760 --> 00:27:55,680
Speaker 4: we might actually be holding different things. Say, if you

626
00:27:55,720 --> 00:27:57,640
Speaker 4: sold it tomorrow, we would have hold different things. You're

627
00:27:57,640 --> 00:27:58,360
Speaker 4: the same et.

628
00:27:58,359 --> 00:28:00,320
Speaker 3: Because of the way that they transact, want to make

629
00:28:00,320 --> 00:28:02,560
Speaker 3: sure that their response all about it. So in mode

630
00:28:02,680 --> 00:28:06,840
Speaker 3: interesting they only have fifty four holdings. And if we

631
00:28:06,920 --> 00:28:10,520
Speaker 3: talk about share price, it's currently one hundred and twenty

632
00:28:10,640 --> 00:28:14,080
Speaker 3: four dollars and eighty three cents per individual share, which

633
00:28:14,080 --> 00:28:15,760
Speaker 3: I would say is actually relatively.

634
00:28:15,960 --> 00:28:18,880
Speaker 4: It's eight percent risk per company that it has. Oh,

635
00:28:18,960 --> 00:28:21,720
Speaker 4: look at you just on the mass you've.

636
00:28:21,560 --> 00:28:24,840
Speaker 3: Got your calculator, Yes, and I feel like that makes

637
00:28:24,880 --> 00:28:25,520
Speaker 3: me feel quite.

638
00:28:25,400 --> 00:28:28,000
Speaker 2: Sick because it's diversified. Yeah, and we love diversity.

639
00:28:28,080 --> 00:28:31,679
Speaker 3: If we look at its performance over a long period

640
00:28:31,680 --> 00:28:33,359
Speaker 3: of time, I feel like me explaining this.

641
00:28:33,880 --> 00:28:35,639
Speaker 2: I'm like, why haven't I bought this? Yes, I'm like

642
00:28:35,720 --> 00:28:37,440
Speaker 2: trying to do you selling it to yourself? I think

643
00:28:37,480 --> 00:28:39,920
Speaker 2: I'm selling it to myself. But also we should go

644
00:28:39,960 --> 00:28:42,760
Speaker 2: shopping after this. We should let's go to Mecca. We're

645
00:28:42,800 --> 00:28:46,480
Speaker 2: getting on the ETF mark. Okay, sorry, sorry, that's yeah.

646
00:28:46,600 --> 00:28:47,240
Speaker 2: I was excited.

647
00:28:48,360 --> 00:28:51,440
Speaker 3: It's interesting because, like, I'm also relatively hesitant because I

648
00:28:51,560 --> 00:28:54,600
Speaker 3: do have a relatively ETF heavy portfolio.

649
00:28:54,720 --> 00:28:56,400
Speaker 2: So when it comes like adding another one, I'm like,

650
00:28:56,680 --> 00:28:57,960
Speaker 2: is this worth my investment?

651
00:28:58,160 --> 00:28:58,360
Speaker 5: Yeah?

652
00:28:58,480 --> 00:29:01,920
Speaker 3: And also if I add it, what percentage am I doing?

653
00:29:02,160 --> 00:29:04,840
Speaker 3: What am I diverting? Because it's not like, oh, I'm

654
00:29:04,840 --> 00:29:06,920
Speaker 3: going to find an extra one hundred and fifty bucks

655
00:29:06,960 --> 00:29:09,480
Speaker 3: a month or something to add this and consistently contribute.

656
00:29:09,680 --> 00:29:11,400
Speaker 3: Am I dropping down something to add it?

657
00:29:11,440 --> 00:29:13,040
Speaker 2: Is it worth it to replace something I already have

658
00:29:13,160 --> 00:29:16,200
Speaker 2: my portfolio with XYZ ETF. Yeah.

659
00:29:16,320 --> 00:29:19,520
Speaker 3: So the performance is really good. I won't say it's

660
00:29:19,560 --> 00:29:21,680
Speaker 3: blow the lights out in the same way.

661
00:29:21,600 --> 00:29:24,400
Speaker 2: That it's no fang no, but that's for a reason.

662
00:29:24,680 --> 00:29:28,200
Speaker 3: It's ten year return has been fourteen point seventy nine percent, which.

663
00:29:28,040 --> 00:29:30,200
Speaker 4: Is still above the market average, which in America is

664
00:29:30,280 --> 00:29:32,680
Speaker 4: thirteen percent. In Australia it's like eleven or nine.

665
00:29:33,040 --> 00:29:37,280
Speaker 3: Yeah, and five year performance is looking at sixteen yes,

666
00:29:37,360 --> 00:29:39,640
Speaker 3: that's good. Yeah yeah yeah, and then over the last

667
00:29:39,720 --> 00:29:42,080
Speaker 3: year it was eight point six which is still better

668
00:29:42,200 --> 00:29:42,840
Speaker 3: than inflation.

669
00:29:42,960 --> 00:29:44,520
Speaker 4: Yeah. But then it's like if people like, oh that

670
00:29:44,640 --> 00:29:46,960
Speaker 4: might maybe that's too risky for me. That's why we're

671
00:29:47,000 --> 00:29:48,760
Speaker 4: okay with that a that's why we're okay with a

672
00:29:48,840 --> 00:29:51,640
Speaker 4: normal ETF. That's like looking at the ASEX two hundred

673
00:29:51,800 --> 00:29:52,320
Speaker 4: or the SMP.

674
00:29:52,560 --> 00:29:52,720
Speaker 2: Yeah.

675
00:29:53,000 --> 00:29:55,560
Speaker 3: And the income yield has been really good as well.

676
00:29:55,720 --> 00:29:59,760
Speaker 3: So in addition to it increasing in value on average

677
00:30:00,000 --> 00:30:02,960
Speaker 3: over the last ten years, it has returned three point

678
00:30:03,040 --> 00:30:07,120
Speaker 3: four to seven percent, which is just nice, like because

679
00:30:07,160 --> 00:30:10,960
Speaker 3: that's in addition and then more recently, if like go

680
00:30:11,160 --> 00:30:13,640
Speaker 3: down to five years, it's seven point nine four percent.

681
00:30:13,760 --> 00:30:16,120
Speaker 2: So I'm quite interested.

682
00:30:16,680 --> 00:30:18,760
Speaker 3: I'm quite happy with that because, as I said before,

683
00:30:18,920 --> 00:30:21,760
Speaker 3: like I don't know, call me greedy, I want to

684
00:30:21,760 --> 00:30:22,160
Speaker 3: get paid.

685
00:30:22,320 --> 00:30:25,440
Speaker 2: You're greedy, yeah, but like I want your hold. I

686
00:30:25,520 --> 00:30:27,040
Speaker 2: want that's what you want hold.

687
00:30:27,000 --> 00:30:29,360
Speaker 3: And I also want you collect and I want that

688
00:30:29,520 --> 00:30:32,600
Speaker 3: collection of my dividends to then be reinvested. So like

689
00:30:32,880 --> 00:30:35,400
Speaker 3: the money that my money is making is being reinvested

690
00:30:35,400 --> 00:30:38,040
Speaker 3: and making you more money. And like that's where I

691
00:30:38,120 --> 00:30:41,080
Speaker 3: guess you know, the magic of compounding interest comes from,

692
00:30:41,160 --> 00:30:44,600
Speaker 3: because right now, if I looked at your strategy, you

693
00:30:44,920 --> 00:30:46,560
Speaker 3: like you do actually hold a lot of stuff that

694
00:30:46,640 --> 00:30:50,040
Speaker 3: I hold, but you're not so interested in the dividends.

695
00:30:50,400 --> 00:30:54,400
Speaker 3: Your compounding interest is coming from your regular contributions. And

696
00:30:54,520 --> 00:30:58,160
Speaker 3: in a perfect world, I actually get thirty years in advance,

697
00:30:58,600 --> 00:31:02,720
Speaker 3: and my evidends is your salary is my salary that

698
00:31:02,920 --> 00:31:05,840
Speaker 3: I can reinvest or I can get.

699
00:31:06,520 --> 00:31:07,920
Speaker 2: She's happy, she's growing.

700
00:31:08,160 --> 00:31:10,280
Speaker 3: I don't have to sell down a single share, and

701
00:31:10,360 --> 00:31:12,240
Speaker 3: then all the dividends that get paid out on a

702
00:31:12,280 --> 00:31:14,000
Speaker 3: monthly basis I start living off.

703
00:31:14,240 --> 00:31:14,400
Speaker 5: Yeah.

704
00:31:14,400 --> 00:31:17,320
Speaker 4: See, I think my investing strategy might change where we

705
00:31:17,440 --> 00:31:19,240
Speaker 4: have a little bit of not a big age gap,

706
00:31:19,320 --> 00:31:20,640
Speaker 4: but a small edge gap between us, like.

707
00:31:20,640 --> 00:31:23,080
Speaker 3: Mass if it feels massive, she feels like a gen Z.

708
00:31:23,520 --> 00:31:25,040
Speaker 2: I am a gen Z, I know, but like you

709
00:31:25,160 --> 00:31:29,640
Speaker 2: feel like twenty seven everyone, she feels like a gen z.

710
00:31:29,800 --> 00:31:31,440
Speaker 2: I feel like a gen Z. I know all the slang.

711
00:31:31,560 --> 00:31:32,320
Speaker 2: I'm a TikToker.

712
00:31:32,840 --> 00:31:34,560
Speaker 4: Like what I think is my investing strategy is probably

713
00:31:34,560 --> 00:31:36,280
Speaker 4: going to change as I get a bit older, as

714
00:31:36,320 --> 00:31:39,280
Speaker 4: I'm getting closer to the mid thirties to the forties.

715
00:31:39,280 --> 00:31:41,720
Speaker 2: I'm sure my investing strategy we kind of go hold

716
00:31:41,800 --> 00:31:44,080
Speaker 2: on and I a shift. Yeah.

717
00:31:44,120 --> 00:31:45,360
Speaker 3: I think a lot of us when we have a

718
00:31:45,440 --> 00:31:50,520
Speaker 3: really good investment portfolio, we become relative really protective of it.

719
00:31:50,680 --> 00:31:52,160
Speaker 3: Like I don't know, like if I like it, I

720
00:31:52,200 --> 00:31:54,800
Speaker 3: don't want to have to sell something, especially if I know, oh,

721
00:31:55,040 --> 00:31:57,040
Speaker 3: I'm going to have to live off that investment portfolio

722
00:31:57,120 --> 00:31:58,920
Speaker 3: one day, but like what if it's still performing, Like

723
00:31:59,000 --> 00:32:01,800
Speaker 3: I don't want to something that's doing well so that

724
00:32:01,920 --> 00:32:04,200
Speaker 3: I can pay my bills, like I want them to

725
00:32:04,280 --> 00:32:04,920
Speaker 3: pay my bills.

726
00:32:05,000 --> 00:32:07,600
Speaker 2: Yep, that's my little plan.

727
00:32:07,840 --> 00:32:09,960
Speaker 3: So that's why I think whenever I'm looking at something,

728
00:32:10,000 --> 00:32:12,160
Speaker 3: I'm like, well, what's divid and yield as well? And

729
00:32:12,920 --> 00:32:14,680
Speaker 3: I think a lot of people in our community are

730
00:32:14,680 --> 00:32:15,640
Speaker 3: going to be interested in that.

731
00:32:15,800 --> 00:32:17,280
Speaker 2: Do you have any more on your watch list?

732
00:32:17,480 --> 00:32:17,640
Speaker 1: Yes?

733
00:32:18,000 --> 00:32:19,600
Speaker 2: I have another one. I used to hold her.

734
00:32:19,880 --> 00:32:24,840
Speaker 3: It was a morning Star Asian All Stars ETF and

735
00:32:25,080 --> 00:32:27,280
Speaker 3: that doesn't exist anymore. And I used to love it

736
00:32:27,760 --> 00:32:31,040
Speaker 3: because it like had all of these Asian companies that

737
00:32:31,280 --> 00:32:33,720
Speaker 3: essentially blew the lights out, and then they just decided,

738
00:32:33,800 --> 00:32:36,040
Speaker 3: we're not going to focus on that, We're going to rediversify.

739
00:32:36,600 --> 00:32:39,680
Speaker 3: So on my watch list is another Asia ETF because

740
00:32:39,800 --> 00:32:42,720
Speaker 3: I want to get back into that sector. I do

741
00:32:42,880 --> 00:32:44,880
Speaker 3: have like little bits and drips and drabs, but like

742
00:32:45,040 --> 00:32:48,520
Speaker 3: I want a specific Asia one. I don't know everything

743
00:32:48,560 --> 00:32:52,920
Speaker 3: that comes out of China. Yeah, sorry, like basically everything

744
00:32:52,960 --> 00:32:54,680
Speaker 3: we own, where's it come from?

745
00:32:54,960 --> 00:32:55,760
Speaker 2: Asia? Yep?

746
00:32:56,440 --> 00:32:59,640
Speaker 3: So it's on my watch list. But the ETF that

747
00:32:59,720 --> 00:33:03,800
Speaker 3: I had picked the ASEX code get this Asia.

748
00:33:04,720 --> 00:33:07,080
Speaker 4: Really I love that they got that, you know, I

749
00:33:07,200 --> 00:33:09,320
Speaker 4: do wonder. I don't know how this works. How do

750
00:33:09,480 --> 00:33:10,240
Speaker 4: they get a ticker code?

751
00:33:10,280 --> 00:33:10,920
Speaker 2: Do they have to apply?

752
00:33:11,080 --> 00:33:11,640
Speaker 1: Is it like a.

753
00:33:13,200 --> 00:33:17,160
Speaker 2: So they don't get allocate? You can request a specific

754
00:33:17,240 --> 00:33:17,960
Speaker 2: ticker cort.

755
00:33:19,160 --> 00:33:22,000
Speaker 3: You might have seen different companies that have specific ticker

756
00:33:22,040 --> 00:33:24,560
Speaker 3: codes that are related to their name, and some of

757
00:33:24,600 --> 00:33:28,400
Speaker 3: them are groovy, yeah, but they also have to be free,

758
00:33:29,200 --> 00:33:31,239
Speaker 3: as in, if the chicker coder exists with someone else,

759
00:33:31,280 --> 00:33:32,680
Speaker 3: they're going to have to be a little bit creative,

760
00:33:32,800 --> 00:33:34,720
Speaker 3: so every other Asia ETF.

761
00:33:34,480 --> 00:33:35,840
Speaker 2: Is not going to be able to have that. Asia

762
00:33:36,080 --> 00:33:37,080
Speaker 2: is very groovy.

763
00:33:37,320 --> 00:33:39,440
Speaker 3: Yeah, anyway, I think that's cool. But it's owned by

764
00:33:39,640 --> 00:33:43,120
Speaker 3: Beta Shares. It's the Beta Shares Technology Tigers ETF.

765
00:33:43,280 --> 00:33:44,080
Speaker 2: That's a beautiful name.

766
00:33:44,120 --> 00:33:46,560
Speaker 3: I think it sounds real cute. It does, but it

767
00:33:46,840 --> 00:33:51,400
Speaker 3: is an ETF. Again, we're well over Japan. It does

768
00:33:51,880 --> 00:33:56,560
Speaker 3: because Japan has very different performance goals, especially when it

769
00:33:56,680 --> 00:33:59,800
Speaker 3: comes to I'll explain it and you'll go, oh, this

770
00:34:00,000 --> 00:34:03,160
Speaker 3: makes sense. So it's got fifty different companies in it,

771
00:34:03,280 --> 00:34:05,840
Speaker 3: so again a bit of a smaller ETF, and it

772
00:34:05,960 --> 00:34:09,600
Speaker 3: has fifty of the biggest tech and online retail companies

773
00:34:09,719 --> 00:34:12,160
Speaker 3: across Asia, not including Japan.

774
00:34:12,280 --> 00:34:13,600
Speaker 2: Yeah, they have some very interesting companies.

775
00:34:13,600 --> 00:34:18,440
Speaker 3: I'm talking now Samsung, They've got TSMC, They've got Tencent,

776
00:34:19,160 --> 00:34:20,840
Speaker 3: they've got Ali Barber, which I.

777
00:34:20,840 --> 00:34:22,520
Speaker 2: Think a lot of US would have already heard of.

778
00:34:23,239 --> 00:34:26,120
Speaker 3: And it's essentially a way to invest in global tech

779
00:34:26,280 --> 00:34:29,239
Speaker 3: that's not just US. So like I own Fang and

780
00:34:29,360 --> 00:34:32,960
Speaker 3: that gives me access to global tech that is American.

781
00:34:33,160 --> 00:34:35,200
Speaker 2: So like the big dogs we're talking.

782
00:34:35,320 --> 00:34:38,520
Speaker 4: Apple has Coacao too, which is a Korean maps app,

783
00:34:38,600 --> 00:34:39,279
Speaker 4: which is very cool.

784
00:34:39,320 --> 00:34:41,960
Speaker 2: If you've been to Korea, you'll know Cacao. But I

785
00:34:42,000 --> 00:34:44,560
Speaker 2: think that that's a favor. Yeah, there's some very cool

786
00:34:44,560 --> 00:34:45,160
Speaker 2: companies in there.

787
00:34:45,239 --> 00:34:50,040
Speaker 3: Yes, So essentially it covers really fast growing sectors. That's

788
00:34:50,080 --> 00:34:53,040
Speaker 3: why it kicks out Japan because Japan's a little bit

789
00:34:53,080 --> 00:34:55,799
Speaker 3: more I would say sustainable things.

790
00:34:55,600 --> 00:35:00,279
Speaker 2: Like Samsung was Japanese? No, am I wrong? Yes? Does

791
00:35:00,320 --> 00:35:01,919
Speaker 2: that feel good? Yes?

792
00:35:03,640 --> 00:35:06,239
Speaker 3: But it has like e commerce as we said before,

793
00:35:06,719 --> 00:35:11,520
Speaker 3: things like semiconductors and social media in ok, sorry that's

794
00:35:11,560 --> 00:35:12,720
Speaker 3: social media, not in Japan.

795
00:35:12,920 --> 00:35:15,960
Speaker 4: Social media, Yeah, because Cacao and Nava are two very

796
00:35:16,239 --> 00:35:17,560
Speaker 4: massive platforms in Korea.

797
00:35:17,760 --> 00:35:19,720
Speaker 2: So and also you've be into Korea.

798
00:35:19,840 --> 00:35:23,560
Speaker 3: I love no Facebook, No they have to Facebook, No Google,

799
00:35:23,680 --> 00:35:25,600
Speaker 3: No TikTok, No they TikTok?

800
00:35:25,840 --> 00:35:27,879
Speaker 2: Do they actually have tik tok? But is it China?

801
00:35:28,640 --> 00:35:29,120
Speaker 2: China doesn't have.

802
00:35:29,200 --> 00:35:33,120
Speaker 3: China doesn't have TikTok? But you want like when you

803
00:35:33,200 --> 00:35:37,800
Speaker 3: start thinking about that, these are massive economies and huge economies.

804
00:35:38,239 --> 00:35:41,000
Speaker 3: We also know them on social media. So what are

805
00:35:41,040 --> 00:35:42,920
Speaker 3: they creating that I could get in on?

806
00:35:43,480 --> 00:35:46,320
Speaker 4: And they're like very intuitive, like those sort of systems

807
00:35:46,360 --> 00:35:49,239
Speaker 4: like Cacao and Nava. You can pay for things through them,

808
00:35:49,320 --> 00:35:51,839
Speaker 4: you can do shopping, you can book appointments, you can

809
00:35:51,880 --> 00:35:54,520
Speaker 4: get like their equivalent of Uber eats, and they're all

810
00:35:54,640 --> 00:35:57,279
Speaker 4: those systems and I didn't know they existed until.

811
00:35:57,000 --> 00:35:58,440
Speaker 2: I was there and I was like, wow, they're massive,

812
00:35:58,480 --> 00:36:01,479
Speaker 2: the massive market, and you might.

813
00:36:01,440 --> 00:36:04,600
Speaker 3: Not have heard of them because yeah, they're not on

814
00:36:04,719 --> 00:36:08,600
Speaker 3: your like yeah, but you're going to be surprised here.

815
00:36:09,400 --> 00:36:11,800
Speaker 3: This ETF does not have good dividends.

816
00:36:12,280 --> 00:36:13,799
Speaker 2: Okay, that's fine for me because that's kind.

817
00:36:14,160 --> 00:36:16,439
Speaker 3: But I think it's really interesting because again, it gives

818
00:36:16,480 --> 00:36:19,759
Speaker 3: you access to investments.

819
00:36:19,239 --> 00:36:21,480
Speaker 2: That are just not on your radar, not on your radar,

820
00:36:21,520 --> 00:36:23,799
Speaker 2: but also like have become on my radar. Like I'm

821
00:36:23,800 --> 00:36:24,319
Speaker 2: such a nerd.

822
00:36:24,360 --> 00:36:26,480
Speaker 3: I'm looking up so like and that I don't even

823
00:36:26,520 --> 00:36:28,520
Speaker 3: think it's nerdy. I think it's pervy. It's market research.

824
00:36:28,560 --> 00:36:29,720
Speaker 3: If it's free on the internet.

825
00:36:30,520 --> 00:36:32,960
Speaker 2: We love, we love a gossip, so like looking at

826
00:36:33,000 --> 00:36:35,200
Speaker 2: these sort of things is gossip. What are you guys doing?

827
00:36:35,560 --> 00:36:35,840
Speaker 2: Give us?

828
00:36:36,160 --> 00:36:38,640
Speaker 3: And then I'm looking these companies up on TikTok and

829
00:36:38,719 --> 00:36:40,960
Speaker 3: being like, what are other people saying about them? Just

830
00:36:41,040 --> 00:36:43,040
Speaker 3: so I get an understanding of what the hell that

831
00:36:43,120 --> 00:36:45,480
Speaker 3: ETFs made up? Of course I'm not gonna lie. The

832
00:36:45,560 --> 00:36:47,879
Speaker 3: companies that you're talking about I now know of because

833
00:36:47,920 --> 00:36:50,080
Speaker 3: of this ETF, but I had no idea before.

834
00:36:50,680 --> 00:36:52,600
Speaker 2: They're not on your experience.

835
00:36:53,040 --> 00:36:55,400
Speaker 4: And then like you look at things like Samsung in Australia,

836
00:36:55,520 --> 00:36:57,560
Speaker 4: like everyone has either an iPhone or a Samsung, but

837
00:36:57,600 --> 00:37:00,120
Speaker 4: it's more on the iPhone side of things, but a

838
00:37:00,200 --> 00:37:03,480
Speaker 4: lot of Asian countries it is Samsung. It's androids, it's

839
00:37:03,600 --> 00:37:05,840
Speaker 4: those Yeah, it's those sort of systems, and it's okay

840
00:37:06,360 --> 00:37:08,359
Speaker 4: you want to be touching in that area because it's

841
00:37:08,400 --> 00:37:10,160
Speaker 4: like okay, otherwise I'm not going to have exposure to

842
00:37:10,200 --> 00:37:11,520
Speaker 4: that because I only know this here.

843
00:37:11,920 --> 00:37:13,680
Speaker 3: Yeah, and I don't know if you know this, because

844
00:37:13,680 --> 00:37:16,040
Speaker 3: I know that most people don't know this, but Samsung

845
00:37:16,080 --> 00:37:18,680
Speaker 3: are actually suppliers to Apple for their internal tech.

846
00:37:19,000 --> 00:37:21,239
Speaker 2: Really a lot of the Apple's internal tech.

847
00:37:21,440 --> 00:37:23,600
Speaker 3: This is the kind of goss has been made by

848
00:37:23,760 --> 00:37:27,440
Speaker 3: Samsung and then shared with Apple, so like not the

849
00:37:27,600 --> 00:37:30,360
Speaker 3: patented stuff, but like just a lot of.

850
00:37:30,360 --> 00:37:31,680
Speaker 2: Their tech, a lot of their batteries.

851
00:37:31,840 --> 00:37:33,479
Speaker 3: Like there used to be or there was a whole

852
00:37:33,560 --> 00:37:35,719
Speaker 3: like thing on social media probably like five years ago

853
00:37:35,719 --> 00:37:38,319
Speaker 3: where people would break open their iPhones and like find

854
00:37:38,400 --> 00:37:42,200
Speaker 3: Samsung batteries and shit tea. Anyway, I think that's really interesting.

855
00:37:42,280 --> 00:37:45,200
Speaker 3: But it's not a dividend yielding ETF. It's more of

856
00:37:45,239 --> 00:37:48,440
Speaker 3: a growth focused ETF, which is why I'm interested in

857
00:37:48,560 --> 00:37:50,800
Speaker 3: it because I'm still at that young phase of my

858
00:37:50,960 --> 00:37:52,319
Speaker 3: like investing career.

859
00:37:52,360 --> 00:37:54,359
Speaker 2: You've got time for that compound interest and I want

860
00:37:54,400 --> 00:37:54,640
Speaker 2: the tea.

861
00:37:54,640 --> 00:37:56,279
Speaker 3: I want to know what's going on. I feel like

862
00:37:56,320 --> 00:38:02,640
Speaker 3: it's so interesting. So returns are more dependent on those

863
00:38:02,760 --> 00:38:06,319
Speaker 3: businesses growing and increasing and popularity, which is my.

864
00:38:06,440 --> 00:38:07,480
Speaker 2: Far sel of investing.

865
00:38:07,840 --> 00:38:11,280
Speaker 3: Yeah, and like I haven't invested yet. I'm being pervy

866
00:38:12,040 --> 00:38:14,359
Speaker 3: on it because I'm interested. But I think it's also

867
00:38:14,520 --> 00:38:18,400
Speaker 3: important to note that it is an unhedged fund, so

868
00:38:19,040 --> 00:38:22,560
Speaker 3: there's a number of currency risks that are involved, and.

869
00:38:23,320 --> 00:38:26,239
Speaker 4: The hedged means that the currency risk is not involved. Yes,

870
00:38:26,360 --> 00:38:30,120
Speaker 4: so it's based on yes, so currency risk applies to this.

871
00:38:31,080 --> 00:38:34,040
Speaker 3: So essentially what that means is if the Australian dollar moves,

872
00:38:34,200 --> 00:38:37,719
Speaker 3: it actually impacts your returns, and like that's something that

873
00:38:38,280 --> 00:38:38,879
Speaker 3: you have to find.

874
00:38:39,560 --> 00:38:42,680
Speaker 2: Yeah, we factor it in and like, I actually love.

875
00:38:42,600 --> 00:38:45,600
Speaker 3: Something that's hedged, but I also love unhedged because sometimes

876
00:38:45,840 --> 00:38:48,800
Speaker 3: it does give you better returns. And like these companies

877
00:38:48,840 --> 00:38:51,200
Speaker 3: when they're putting together an ETF, they're not like, oh,

878
00:38:51,320 --> 00:38:52,040
Speaker 3: we can't.

879
00:38:51,800 --> 00:38:54,200
Speaker 2: Hedge this, yep, because they're the more edged.

880
00:38:54,280 --> 00:38:56,760
Speaker 3: Yeah, they're more likely to say, well, we won't hedge

881
00:38:56,800 --> 00:38:59,439
Speaker 3: this because you know it doesn't something matter and they're

882
00:38:59,480 --> 00:39:03,120
Speaker 3: smashing lights out anyway. So if currency risk is involved, like,

883
00:39:03,440 --> 00:39:06,680
Speaker 3: let's just put that back onto our individual investors, because

884
00:39:06,719 --> 00:39:10,399
Speaker 3: that's another layer of usually risk for them to take

885
00:39:10,440 --> 00:39:13,880
Speaker 3: on because like they're hedging, but also another layer of

886
00:39:14,000 --> 00:39:16,960
Speaker 3: fees because there's so much more like admin and organizing

887
00:39:17,040 --> 00:39:19,160
Speaker 3: that they have to do, so they kind of look

888
00:39:19,200 --> 00:39:20,800
Speaker 3: at it and go, well, maybe it's not worth it

889
00:39:20,880 --> 00:39:25,360
Speaker 3: for that. So it's an emerging market's risk. Obviously, we

890
00:39:25,520 --> 00:39:29,120
Speaker 3: know that Asian countries have I don't know, there's just

891
00:39:29,200 --> 00:39:31,279
Speaker 3: a lot going on with their government. There's a lot

892
00:39:31,360 --> 00:39:36,280
Speaker 3: going on with regulation, a lot going on with political tension.

893
00:39:36,000 --> 00:39:38,520
Speaker 2: And they have such good food. Yes they do. They

894
00:39:38,680 --> 00:39:39,520
Speaker 2: just know their shit.

895
00:39:40,680 --> 00:39:43,200
Speaker 3: But I think it's important to note all of that

896
00:39:43,320 --> 00:39:45,279
Speaker 3: because it does make this ETF a little bit more

897
00:39:45,360 --> 00:39:49,239
Speaker 3: risky or like volatile share PRICEO, you're going to be happy.

898
00:39:49,320 --> 00:39:52,280
Speaker 3: My last one was relatively expensive. What's this one twelve

899
00:39:52,320 --> 00:39:53,879
Speaker 3: dollars and twenty five cents.

900
00:39:53,960 --> 00:39:56,200
Speaker 2: I fear that's cheaper than a big mat male it is.

901
00:39:56,360 --> 00:39:58,200
Speaker 3: I don't have ten year returns for you because it's

902
00:39:58,239 --> 00:39:58,960
Speaker 3: actually only.

903
00:39:58,840 --> 00:40:01,760
Speaker 2: Exists for five years. It's a baby, she's just a baby.

904
00:40:01,960 --> 00:40:04,279
Speaker 3: And in the first five years they or over the

905
00:40:04,400 --> 00:40:07,759
Speaker 3: last five years, they've returned eight point three percent, which

906
00:40:07,880 --> 00:40:09,800
Speaker 3: is something that I wouldn't have been interested in.

907
00:40:10,640 --> 00:40:13,040
Speaker 2: You see the future for it. Sorry, last year thirty

908
00:40:13,120 --> 00:40:15,919
Speaker 2: point three. Okay, so if we zoom out, it doesn't

909
00:40:15,920 --> 00:40:17,680
Speaker 2: look that good. But if we're zooming in a little bit,

910
00:40:17,719 --> 00:40:17,960
Speaker 2: it does.

911
00:40:18,040 --> 00:40:19,520
Speaker 4: I just had a little look and there was a

912
00:40:19,600 --> 00:40:21,960
Speaker 4: dip in twenty twenty three, so I do wonder what

913
00:40:22,040 --> 00:40:23,759
Speaker 4: happened there. But we're not going to look at that

914
00:40:23,840 --> 00:40:25,560
Speaker 4: for now because we thinking about the future because the

915
00:40:25,600 --> 00:40:28,719
Speaker 4: past performance that five years, it doesn't matter because that's

916
00:40:28,760 --> 00:40:29,760
Speaker 4: not going to affect the future.

917
00:40:29,920 --> 00:40:33,200
Speaker 2: Yes, income has not been good. No, so like this

918
00:40:33,320 --> 00:40:34,200
Speaker 2: that's on your watch list.

919
00:40:34,520 --> 00:40:37,080
Speaker 3: Yeah, And that's why I'm kind of like I make

920
00:40:37,200 --> 00:40:39,520
Speaker 3: these rules up and like, guys, I've made them up

921
00:40:39,560 --> 00:40:41,680
Speaker 3: in my head based on what I'm comfortable with, and

922
00:40:41,800 --> 00:40:43,960
Speaker 3: this is what I want you to do, not based

923
00:40:44,000 --> 00:40:45,080
Speaker 3: on how Victoria.

924
00:40:44,760 --> 00:40:46,960
Speaker 2: Said, you should know you have to have your own metrics.

925
00:40:47,080 --> 00:40:50,640
Speaker 3: I want dividend yield because I feel like, in a

926
00:40:50,680 --> 00:40:53,200
Speaker 3: perfect world, like I pick all these shares and like

927
00:40:53,239 --> 00:40:55,440
Speaker 3: I'm going to continue playing with it, but like I

928
00:40:55,600 --> 00:40:58,920
Speaker 3: just want that dividend income to become my income one day.

929
00:40:59,400 --> 00:41:01,800
Speaker 3: So this doesn't provide that. And I'm kind of like,

930
00:41:01,960 --> 00:41:03,920
Speaker 3: am I going to give myself exposure to this in

931
00:41:04,000 --> 00:41:06,560
Speaker 3: the short term? And then at what point, Like they

932
00:41:06,640 --> 00:41:09,160
Speaker 3: don't have any information online about the fact that they

933
00:41:09,280 --> 00:41:11,120
Speaker 3: might become dividend yielding.

934
00:41:11,360 --> 00:41:12,400
Speaker 2: Yeah, you know, I'm kind of.

935
00:41:12,480 --> 00:41:14,520
Speaker 3: Like, oh, like how good if they are just in

936
00:41:14,640 --> 00:41:17,239
Speaker 3: growth phase and then all of a sudden it will

937
00:41:17,320 --> 00:41:19,360
Speaker 3: change and that happens sometimes, Like.

938
00:41:19,480 --> 00:41:22,239
Speaker 4: Yeah, investment like eachfs and stuff are not set and

939
00:41:22,480 --> 00:41:25,120
Speaker 4: they're not going to change their strategy. Yeah, it's going

940
00:41:25,160 --> 00:41:26,879
Speaker 4: to grow and evolve with the different people that manage

941
00:41:26,880 --> 00:41:27,160
Speaker 4: that point.

942
00:41:27,280 --> 00:41:28,879
Speaker 3: Yeah, And that's where I want you guys to sit

943
00:41:28,960 --> 00:41:31,560
Speaker 3: down and like you've done this Brook, but like sit

944
00:41:31,640 --> 00:41:33,960
Speaker 3: down and go okay, before I even look at like ETFs,

945
00:41:34,360 --> 00:41:36,080
Speaker 3: what do I want out of this? And like, for me,

946
00:41:36,440 --> 00:41:39,000
Speaker 3: I want dividend yield. I want consistent growth I'm happy

947
00:41:39,040 --> 00:41:42,239
Speaker 3: if that consistent growth comes at the cost of dividend yield.

948
00:41:42,600 --> 00:41:44,960
Speaker 3: So like I'd prefer like if you said, v like,

949
00:41:45,320 --> 00:41:47,080
Speaker 3: what does your ETF perform and I go, oh, it

950
00:41:47,200 --> 00:41:48,680
Speaker 3: was like nine and a half percent. You go, but

951
00:41:48,760 --> 00:41:50,600
Speaker 3: this one's fourteen and I go, yeah, but this one

952
00:41:50,640 --> 00:41:52,480
Speaker 3: also has dividend yield, And for me.

953
00:41:52,840 --> 00:41:53,600
Speaker 2: That's more important.

954
00:41:54,000 --> 00:41:57,840
Speaker 3: Like that over the long term fits into my investment strategy.

955
00:41:58,719 --> 00:42:01,399
Speaker 4: I could not care less if I never got a dividend. Ever,

956
00:42:01,560 --> 00:42:05,200
Speaker 4: if I just got really good growth yield, I'm like Bobbler.

957
00:42:04,920 --> 00:42:06,040
Speaker 2: And called that's what I want.

958
00:42:06,560 --> 00:42:08,480
Speaker 3: So I think for me, it's sitting on my watch

959
00:42:08,560 --> 00:42:13,360
Speaker 3: list still because income is not incredible. But total returns

960
00:42:13,440 --> 00:42:15,440
Speaker 3: have been pretty good. I mean, over the last one

961
00:42:15,520 --> 00:42:17,719
Speaker 3: month has done seven point nine to five, over the

962
00:42:17,800 --> 00:42:20,279
Speaker 3: last three months nine point one two. Like she's being

963
00:42:20,400 --> 00:42:23,320
Speaker 3: consistent now work and over time. But I mean in

964
00:42:23,400 --> 00:42:26,840
Speaker 3: twenty twenty three there was a dit. It was just

965
00:42:26,920 --> 00:42:28,600
Speaker 3: because of like economic tension.

966
00:42:28,680 --> 00:42:31,000
Speaker 2: Yeah, but that's also that's also the fact that you

967
00:42:31,080 --> 00:42:31,680
Speaker 2: have to consider.

968
00:42:32,080 --> 00:42:35,400
Speaker 3: Yeah, so let's probably stop talking about this, because I

969
00:42:35,400 --> 00:42:37,600
Speaker 3: could keep talking about it until the cows come home

970
00:42:37,640 --> 00:42:39,719
Speaker 3: and we can take a little quick break and when

971
00:42:39,760 --> 00:42:42,560
Speaker 3: we come back, we're going to Yeah, maybe we'll go shopping.

972
00:42:43,120 --> 00:42:44,640
Speaker 3: I'll open my app and you can open yours and

973
00:42:44,680 --> 00:42:46,560
Speaker 3: we can look at our whole watch lists, and then

974
00:42:46,560 --> 00:42:49,200
Speaker 3: we're going to get back into some more juicy stuff.

975
00:42:49,200 --> 00:42:51,919
Speaker 3: But I think we should like pivot and talk maybe

976
00:42:51,920 --> 00:42:54,839
Speaker 3: a little bit more about direct shares the companies we're

977
00:42:54,880 --> 00:42:59,920
Speaker 3: actually watching and might invest in it work individually.

978
00:42:59,200 --> 00:43:00,320
Speaker 2: So guys don't go anywhere.

979
00:43:04,360 --> 00:43:07,640
Speaker 3: All right, we are back, and I feel like you

980
00:43:07,760 --> 00:43:10,680
Speaker 3: and I have investing strategies that are really based around

981
00:43:10,840 --> 00:43:14,320
Speaker 3: ETFs and managed funds and we're not so much direct

982
00:43:14,360 --> 00:43:17,400
Speaker 3: shared galies. But like, sorry, last time you were on

983
00:43:17,480 --> 00:43:18,960
Speaker 3: the show, I was telling you about my.

984
00:43:21,200 --> 00:43:24,000
Speaker 2: Yeah, I did google that afterwards, did you? And did

985
00:43:24,080 --> 00:43:28,080
Speaker 2: you see why I was? She doesn't look good. They're like, sorry,

986
00:43:28,239 --> 00:43:29,480
Speaker 2: it's not my journey. That's not going on.

987
00:43:29,920 --> 00:43:32,279
Speaker 3: You read all of their annual reports. I won't be

988
00:43:33,560 --> 00:43:36,640
Speaker 3: if she wanted to, you'd be impressed. Jess is also

989
00:43:36,760 --> 00:43:39,319
Speaker 3: into powering, you know, That's what I giggled. I don't

990
00:43:39,360 --> 00:43:41,480
Speaker 3: know if Jess is into paradigm because I was into

991
00:43:42,040 --> 00:43:42,360
Speaker 3: I was like.

992
00:43:42,360 --> 00:43:44,520
Speaker 4: A you and Jess thing, and it's not going to

993
00:43:44,560 --> 00:43:46,200
Speaker 4: be my journey. I'm going to let you have that one,

994
00:43:46,360 --> 00:43:47,960
Speaker 4: but I'm not you know what, that's.

995
00:43:47,880 --> 00:43:49,680
Speaker 2: Good and I think that people need to hear that.

996
00:43:49,840 --> 00:43:52,840
Speaker 2: Just because I said different investing and we can have

997
00:43:52,960 --> 00:43:56,000
Speaker 2: differing opinions. It makes up less than one percent of

998
00:43:56,040 --> 00:43:59,080
Speaker 2: my portfolio at this point. I'm glad. But Brooke, I

999
00:43:59,280 --> 00:44:02,600
Speaker 2: want to know do you hold any direction shes.

1000
00:44:02,719 --> 00:44:05,160
Speaker 4: I own a heap of direct shares, mostly in America,

1001
00:44:05,239 --> 00:44:07,840
Speaker 4: some in Australia, all that jazz, but I have a

1002
00:44:07,960 --> 00:44:10,840
Speaker 4: rule with direct shares. I need to be personally interested

1003
00:44:10,960 --> 00:44:13,920
Speaker 4: because I don't have time to research a random company

1004
00:44:13,960 --> 00:44:15,600
Speaker 4: that I don't know and I don't care about. So

1005
00:44:15,800 --> 00:44:18,480
Speaker 4: my direct shares and anything that's are my direct shares watch, Liz,

1006
00:44:18,760 --> 00:44:21,560
Speaker 4: are pretty much companies I love and know.

1007
00:44:21,960 --> 00:44:25,440
Speaker 2: And if you know me, you know that I love Costco.

1008
00:44:25,960 --> 00:44:27,200
Speaker 2: I adore Costco.

1009
00:44:27,800 --> 00:44:30,360
Speaker 4: Every country that's what you've picked a share, yes or

1010
00:44:30,800 --> 00:44:33,040
Speaker 4: share every country that I go to, I check before

1011
00:44:33,080 --> 00:44:34,600
Speaker 4: I go that there's a Costco. I'm going to Europe

1012
00:44:34,600 --> 00:44:35,920
Speaker 4: the end of the year for three months. Please send

1013
00:44:35,920 --> 00:44:38,000
Speaker 4: me your tips. But me and my partner have already

1014
00:44:38,120 --> 00:44:40,000
Speaker 4: looked at all the different costcos that we can.

1015
00:44:39,960 --> 00:44:40,840
Speaker 2: Go to to Korea.

1016
00:44:41,040 --> 00:44:43,920
Speaker 3: We are very lucky. We've been on a few overseas

1017
00:44:44,000 --> 00:44:47,200
Speaker 3: trips with World bless yet, but every single time we go,

1018
00:44:47,760 --> 00:44:49,959
Speaker 3: we actually have to build in like either a morning

1019
00:44:50,120 --> 00:44:51,239
Speaker 3: or an afternoon trip for.

1020
00:44:51,360 --> 00:44:54,440
Speaker 2: Brook to Costco. It's mandatrue. It's amazing.

1021
00:44:54,560 --> 00:44:58,480
Speaker 4: I'm so passionate about Costco, especially because in America, Costco

1022
00:44:58,640 --> 00:45:01,759
Speaker 4: has other kind of competitors. In Australia we don't really

1023
00:45:01,800 --> 00:45:04,760
Speaker 4: have Costco competitors. Costco is its own thing here, whereas

1024
00:45:04,760 --> 00:45:08,000
Speaker 4: in America there's Sam's Club, there's fedmat like, there's those

1025
00:45:08,040 --> 00:45:10,440
Speaker 4: sort of competitors. And it's just such an interesting like

1026
00:45:10,680 --> 00:45:12,480
Speaker 4: concept of a store that you're going to pay a

1027
00:45:12,560 --> 00:45:15,520
Speaker 4: membership to go to a grocery store. And for me,

1028
00:45:16,120 --> 00:45:18,800
Speaker 4: I love the membership. I pay that fee every year. Happily,

1029
00:45:18,920 --> 00:45:21,640
Speaker 4: I've probably paid double. But it's on my watch list.

1030
00:45:21,680 --> 00:45:24,120
Speaker 4: I don't own Costco as a shared just yet.

1031
00:45:24,160 --> 00:45:25,160
Speaker 2: But I will watch list.

1032
00:45:25,239 --> 00:45:27,920
Speaker 3: But why, Like, we know what the company is. I

1033
00:45:27,960 --> 00:45:30,200
Speaker 3: think everyone listening knows what it is. But like, Pete,

1034
00:45:30,280 --> 00:45:34,200
Speaker 3: why are you interested in making an investment in Costco?

1035
00:45:34,640 --> 00:45:36,760
Speaker 4: Well, when we think about it, Costco has an annual

1036
00:45:36,800 --> 00:45:39,400
Speaker 4: membership to the annual membership fee in Australia is sixty

1037
00:45:39,440 --> 00:45:39,920
Speaker 4: five dollars.

1038
00:45:39,920 --> 00:45:41,360
Speaker 3: It's just an income. We love to see it.

1039
00:45:41,440 --> 00:45:42,720
Speaker 2: It's consistent income for Costco.

1040
00:45:42,920 --> 00:45:45,560
Speaker 4: Regardless if I shop there, I still pay my membership fee,

1041
00:45:45,960 --> 00:45:48,520
Speaker 4: and so that sixty five dollars I pay is probably

1042
00:45:48,560 --> 00:45:51,600
Speaker 4: equivalent around the world. And they had seventy six point

1043
00:45:51,719 --> 00:45:53,600
Speaker 4: two million paid members worldwide.

1044
00:45:53,719 --> 00:45:55,280
Speaker 2: Stop it. That is crazy.

1045
00:45:55,320 --> 00:45:58,319
Speaker 3: I don't even need to sell any five dollars those chicks.

1046
00:45:58,200 --> 00:46:00,640
Speaker 2: And that's they have. The just the business model of

1047
00:46:00,680 --> 00:46:02,640
Speaker 2: Costco is really intelligent to me.

1048
00:46:02,840 --> 00:46:05,440
Speaker 4: So they have these things called lost Leaders, which are

1049
00:46:05,520 --> 00:46:08,040
Speaker 4: their roast chook, which in Australia is like five ninety nine,

1050
00:46:08,080 --> 00:46:09,560
Speaker 4: but in America it's even cheaper.

1051
00:46:09,560 --> 00:46:11,840
Speaker 2: I think it's four ninety or three ninety nine, and

1052
00:46:11,960 --> 00:46:12,520
Speaker 2: they make.

1053
00:46:12,400 --> 00:46:14,560
Speaker 4: It really cheap so that you will go to Costco

1054
00:46:14,719 --> 00:46:16,840
Speaker 4: to get that roast chicken because it's so much cheaper

1055
00:46:16,880 --> 00:46:19,800
Speaker 4: than everywhere else. They anticipate that when you go to

1056
00:46:19,840 --> 00:46:22,080
Speaker 4: Costco for that roastchrook, well you'll also pick up X

1057
00:46:22,160 --> 00:46:24,480
Speaker 4: y Z. They have their hot dog which is one

1058
00:46:24,520 --> 00:46:26,719
Speaker 4: dollar ninety nine. You also get a drink with that,

1059
00:46:27,320 --> 00:46:29,200
Speaker 4: and it's such a good deal. People have tried to

1060
00:46:29,200 --> 00:46:30,960
Speaker 4: make the CEO put that price up of the hot

1061
00:46:31,040 --> 00:46:33,320
Speaker 4: dog because they lose money when they sell that to you,

1062
00:46:33,560 --> 00:46:35,560
Speaker 4: but he won't because it's such a bread and.

1063
00:46:35,560 --> 00:46:36,520
Speaker 2: Butter gets people.

1064
00:46:36,680 --> 00:46:39,280
Speaker 4: It gets you on the door, and I look forward

1065
00:46:39,280 --> 00:46:41,040
Speaker 4: to going to Costco on a Sunday with my partner.

1066
00:46:41,880 --> 00:46:43,759
Speaker 4: I get a slice of pizza, he gets a hot dog,

1067
00:46:43,880 --> 00:46:45,680
Speaker 4: We get a roast chook, and we get so many

1068
00:46:45,719 --> 00:46:47,759
Speaker 4: fun little things you don't. It's like Costco's kind of

1069
00:46:47,800 --> 00:46:49,880
Speaker 4: like Camap. You walk in not knowing what you need,

1070
00:46:49,960 --> 00:46:50,800
Speaker 4: and Costco tel.

1071
00:46:50,680 --> 00:46:53,000
Speaker 3: Shit and they it's kind of like Audi yep, and

1072
00:46:53,600 --> 00:46:57,320
Speaker 3: they have like that center area. I've always got something

1073
00:46:57,400 --> 00:46:58,959
Speaker 3: different that I didn't know I needed.

1074
00:46:59,360 --> 00:46:59,560
Speaker 2: Yep.

1075
00:46:59,760 --> 00:47:02,000
Speaker 3: It's really annoying because I end up spending so much

1076
00:47:02,040 --> 00:47:02,440
Speaker 3: money and.

1077
00:47:02,480 --> 00:47:02,960
Speaker 2: It's worth it.

1078
00:47:03,120 --> 00:47:05,320
Speaker 4: But those membership fees, so that sixty five dollars you

1079
00:47:05,400 --> 00:47:08,439
Speaker 4: pay a year membership fees brought in four point eight

1080
00:47:08,800 --> 00:47:12,319
Speaker 4: billion dollars in revenue stop it. So that's a major

1081
00:47:12,400 --> 00:47:16,360
Speaker 4: chunk of their net income, which is pretty impressive. Like,

1082
00:47:16,680 --> 00:47:18,840
Speaker 4: could you imagine you have to pay a grocery Like

1083
00:47:18,920 --> 00:47:20,400
Speaker 4: you go to your local grocery store and you need

1084
00:47:20,440 --> 00:47:21,799
Speaker 4: to pay six five dollars a year to shop there.

1085
00:47:22,000 --> 00:47:24,279
Speaker 4: People would think that was absurd, but for Costco, no

1086
00:47:24,320 --> 00:47:25,400
Speaker 4: one about tone, No.

1087
00:47:25,880 --> 00:47:26,520
Speaker 2: That's crazy.

1088
00:47:26,760 --> 00:47:30,439
Speaker 3: Yeah, so that's their like income and income is great,

1089
00:47:30,920 --> 00:47:34,480
Speaker 3: but I want to know performance, like are they performing well?

1090
00:47:34,560 --> 00:47:37,040
Speaker 2: What does their share price actually look like? Because what you.

1091
00:47:37,040 --> 00:47:39,960
Speaker 3: Could tell me, Oh, they're earning billions fee, but then

1092
00:47:40,000 --> 00:47:42,000
Speaker 3: it also costs them billions.

1093
00:47:41,960 --> 00:47:44,440
Speaker 2: And like their profits like a dollar you know, like

1094
00:47:44,600 --> 00:47:45,040
Speaker 2: that's good.

1095
00:47:45,520 --> 00:47:47,839
Speaker 3: So tell me about the business and why you go, Oh,

1096
00:47:47,880 --> 00:47:50,000
Speaker 3: it's on my watch list as an actual investment, not

1097
00:47:50,160 --> 00:47:51,560
Speaker 3: just their income is sexy.

1098
00:47:51,840 --> 00:47:55,120
Speaker 4: Well, over the last five years, Costco is up one

1099
00:47:55,200 --> 00:47:57,799
Speaker 4: hundred and seventy six percent and they do you.

1100
00:47:57,840 --> 00:47:59,719
Speaker 3: Think that that's driven by cost of living crisis and

1101
00:48:00,200 --> 00:48:02,280
Speaker 3: turning towards bulk shopping.

1102
00:48:03,440 --> 00:48:06,160
Speaker 4: No, I think that the people that shop at Costco

1103
00:48:06,400 --> 00:48:09,160
Speaker 4: are not doing it for the bulk idea, Like I

1104
00:48:09,200 --> 00:48:11,200
Speaker 4: don't think they're doing it to save money, Like obviously

1105
00:48:11,239 --> 00:48:12,840
Speaker 4: I think the idea is that you would do that,

1106
00:48:13,160 --> 00:48:16,640
Speaker 4: But I think Costco shoppers are like Costco shoppers, Like

1107
00:48:16,880 --> 00:48:19,359
Speaker 4: I don't think I never checked to see if something

1108
00:48:19,480 --> 00:48:20,080
Speaker 4: cheaper at Costco.

1109
00:48:20,160 --> 00:48:22,680
Speaker 2: I go to Costco tro pesto that they have.

1110
00:48:22,840 --> 00:48:25,560
Speaker 3: It's called Cilantro pesto because it's America and otherwise it's.

1111
00:48:27,040 --> 00:48:28,000
Speaker 2: It is so good.

1112
00:48:28,120 --> 00:48:29,880
Speaker 4: I just think that the people that shop at Costco

1113
00:48:30,040 --> 00:48:34,120
Speaker 4: trust Costco and Costco does their own sort of products

1114
00:48:34,160 --> 00:48:36,360
Speaker 4: as well. So they have Kirkland Signature, which is like

1115
00:48:36,480 --> 00:48:39,720
Speaker 4: their version of home brand. But their idea with Kirkland

1116
00:48:39,760 --> 00:48:42,360
Speaker 4: Signature is to make a product that is equal or

1117
00:48:42,400 --> 00:48:45,440
Speaker 4: better to the competitor in the market and cheaper, so

1118
00:48:45,560 --> 00:48:47,960
Speaker 4: they won't bring something out unless they can do it cheaper.

1119
00:48:47,840 --> 00:48:49,120
Speaker 2: And better smart.

1120
00:48:49,239 --> 00:48:51,279
Speaker 4: So all of those sort of products do really well,

1121
00:48:51,360 --> 00:48:53,600
Speaker 4: and they're like some of the number one performing products

1122
00:48:53,640 --> 00:48:55,400
Speaker 4: in Costco because one you can only get them at

1123
00:48:55,440 --> 00:48:59,520
Speaker 4: Costco and two they're cheaper than like the standard product

1124
00:49:00,040 --> 00:49:02,799
Speaker 4: people go for that like people buy Kirkland Signature merch

1125
00:49:03,160 --> 00:49:06,080
Speaker 4: Every year, Costco will come out with Kirkland Signature jumpers.

1126
00:49:06,320 --> 00:49:07,800
Speaker 2: And I've considered getting the tracksuit.

1127
00:49:07,800 --> 00:49:10,600
Speaker 3: I've considered it, and that's because I'm a loyalist tracksuit,

1128
00:49:10,680 --> 00:49:11,840
Speaker 3: so you don't need to know I've.

1129
00:49:11,680 --> 00:49:13,520
Speaker 4: Got I've got one really good tracksuit, so I don't

1130
00:49:13,560 --> 00:49:15,360
Speaker 4: need another one. I'm not in the market, but just

1131
00:49:15,600 --> 00:49:17,239
Speaker 4: I can't imagine you're wearing the hat, though.

1132
00:49:17,160 --> 00:49:19,000
Speaker 2: I would one hundred percent with the hat. Do you

1133
00:49:19,080 --> 00:49:20,320
Speaker 2: know Quantus gave me a hat yesterday?

1134
00:49:20,520 --> 00:49:23,080
Speaker 3: Quantus gave you a hat and they didn't make it

1135
00:49:23,160 --> 00:49:23,919
Speaker 3: to your watch list.

1136
00:49:24,040 --> 00:49:25,800
Speaker 4: They did make my watch list. I don't believe in

1137
00:49:25,840 --> 00:49:27,600
Speaker 4: the brand on the watch list, but no, they gave

1138
00:49:27,640 --> 00:49:27,960
Speaker 4: me a hat.

1139
00:49:28,080 --> 00:49:30,440
Speaker 3: So why haven't you bought it yet? You're obsessed with Costco.

1140
00:49:30,840 --> 00:49:33,480
Speaker 3: You obviously have got really great performance. Why haven't you

1141
00:49:33,520 --> 00:49:34,400
Speaker 3: been in the bullet.

1142
00:49:34,200 --> 00:49:37,000
Speaker 4: I generally just didn't consider it until like a couple

1143
00:49:37,040 --> 00:49:38,600
Speaker 4: of months ago, and I was like looking at different

1144
00:49:38,600 --> 00:49:41,600
Speaker 4: companies to buy because I have like the regular things

1145
00:49:41,719 --> 00:49:44,239
Speaker 4: on my direct shares list.

1146
00:49:44,600 --> 00:49:46,000
Speaker 2: And then I thought, what would I buy if I

1147
00:49:46,080 --> 00:49:46,920
Speaker 2: had to buy something now?

1148
00:49:46,960 --> 00:49:48,560
Speaker 4: If I could buy a share in that, And I thought,

1149
00:49:48,560 --> 00:49:50,359
Speaker 4: what are my favorite companies? Like, what is a company

1150
00:49:50,400 --> 00:49:52,480
Speaker 4: that I truly believe in? And that would be Costco.

1151
00:49:52,640 --> 00:49:54,520
Speaker 4: So I think within the next few months I might

1152
00:49:54,560 --> 00:49:57,520
Speaker 4: pull the trigger on Costco. But I definitely own Costco

1153
00:49:57,760 --> 00:49:59,960
Speaker 4: in some of my ATMs. I'm not too worried about

1154
00:50:00,160 --> 00:50:03,240
Speaker 4: having it. But I think in twenty years time, Costco

1155
00:50:03,320 --> 00:50:04,239
Speaker 4: will still be doing good.

1156
00:50:04,320 --> 00:50:07,399
Speaker 2: So that's why I would buy it. That's really fun. Yes,

1157
00:50:08,120 --> 00:50:10,919
Speaker 2: So what is your direct share on your watch list?

1158
00:50:11,239 --> 00:50:13,440
Speaker 3: So this is an Australian company, tell me about it

1159
00:50:13,480 --> 00:50:16,000
Speaker 3: that I just this is going to sound really bad.

1160
00:50:16,080 --> 00:50:18,400
Speaker 3: But I didn't care too much about before.

1161
00:50:19,480 --> 00:50:23,279
Speaker 2: And then I had a baby and I was like

1162
00:50:23,560 --> 00:50:25,640
Speaker 2: a baby. I know, it's crazy. I don't even think

1163
00:50:25,680 --> 00:50:26,560
Speaker 2: you should have mentioned him.

1164
00:50:26,600 --> 00:50:30,560
Speaker 3: I'm a mom your mother, I'm a momosita exactly. And

1165
00:50:31,040 --> 00:50:33,520
Speaker 3: I realized that going out for coffee every single day

1166
00:50:34,120 --> 00:50:37,480
Speaker 3: is not like viable. It's not that I can't afford

1167
00:50:37,480 --> 00:50:40,120
Speaker 3: a coffee every single day having a child, but I

1168
00:50:40,200 --> 00:50:43,239
Speaker 3: can't leave the house and my pod machine is just

1169
00:50:43,320 --> 00:50:45,760
Speaker 3: not cutting it anymore. So I took to the internet

1170
00:50:45,800 --> 00:50:49,800
Speaker 3: and I said, guys, like coffee machine recommendations please, and

1171
00:50:50,120 --> 00:50:53,080
Speaker 3: like I got recommendations from like one hundred dollar machines

1172
00:50:53,120 --> 00:50:55,640
Speaker 3: from Audi all the way up to like literally thirty

1173
00:50:55,760 --> 00:50:59,319
Speaker 3: thousand dollars at home, like gorgeous, very fast. I did

1174
00:50:59,480 --> 00:51:02,040
Speaker 3: not realize how expensive they could get that, and it

1175
00:51:02,120 --> 00:51:05,680
Speaker 3: was like, holy guacamole. There is a marketing coffee machines,

1176
00:51:06,200 --> 00:51:08,799
Speaker 3: and so I cho a coffee machine exactly. I picked

1177
00:51:08,800 --> 00:51:11,920
Speaker 3: a brevel Are. I picked a Brevel and I went

1178
00:51:12,000 --> 00:51:14,680
Speaker 3: with the Brevel Oracle and low Ki annoyed because I

1179
00:51:14,719 --> 00:51:16,719
Speaker 3: got it a couple of months ago and they've just

1180
00:51:16,800 --> 00:51:17,680
Speaker 3: come out with a new one.

1181
00:51:18,200 --> 00:51:23,239
Speaker 2: They's always friends, so them Innovating Limited. It's on the ASX.

1182
00:51:23,440 --> 00:51:26,919
Speaker 3: Their ticker code is BRG and most of you would

1183
00:51:26,960 --> 00:51:29,560
Speaker 3: know Brevyl, so like you've heard of it. It's at

1184
00:51:29,600 --> 00:51:30,600
Speaker 3: the good guys, it's bloody.

1185
00:51:30,600 --> 00:51:33,360
Speaker 4: Would you like a fun fat yes, I would like

1186
00:51:33,400 --> 00:51:35,160
Speaker 4: to offer you a fun fact that if you are

1187
00:51:35,200 --> 00:51:37,120
Speaker 4: in that. We have a slack channel at work called

1188
00:51:37,160 --> 00:51:39,040
Speaker 4: Savings of the Week when we send our best deals.

1189
00:51:39,440 --> 00:51:43,200
Speaker 4: Yesterday I sent in a Bevel coffee machine on sale

1190
00:51:43,520 --> 00:51:44,399
Speaker 4: at costco.

1191
00:51:44,600 --> 00:51:47,480
Speaker 2: Oh money weed, but I already have one. I know,

1192
00:51:47,640 --> 00:51:48,680
Speaker 2: but I already have one.

1193
00:51:48,640 --> 00:51:54,319
Speaker 3: Because collaborating, And I was like, hold on, I haven't

1194
00:51:54,360 --> 00:51:56,880
Speaker 3: been operating in this space of at home coffee machines.

1195
00:51:58,200 --> 00:52:01,640
Speaker 2: You're lucrative and the like, so like.

1196
00:52:02,520 --> 00:52:04,960
Speaker 4: They're so easy to use, Like the average consumer can

1197
00:52:05,120 --> 00:52:07,239
Speaker 4: use a Brevel coffee machine at home and they make

1198
00:52:07,440 --> 00:52:08,160
Speaker 4: really good coffee.

1199
00:52:08,360 --> 00:52:10,800
Speaker 2: But we're not talking like they just do.

1200
00:52:10,880 --> 00:52:15,440
Speaker 3: Coffee machines don't do like toasters, blenders, like coffee literally

1201
00:52:15,600 --> 00:52:18,759
Speaker 3: all releasing things. Yes, but they're also like not. I

1202
00:52:18,760 --> 00:52:21,239
Speaker 3: wouldn't say they're like the most high end. They're also not.

1203
00:52:21,560 --> 00:52:22,440
Speaker 2: They're a middle ground.

1204
00:52:22,480 --> 00:52:26,200
Speaker 4: Yeah, they're like the thing that you can afford. It's

1205
00:52:26,239 --> 00:52:28,560
Speaker 4: like a little bit bougie. You've splashed You're not getting

1206
00:52:28,560 --> 00:52:30,680
Speaker 4: the km out coffee machine. You've splashed out for the Brevel.

1207
00:52:30,719 --> 00:52:34,160
Speaker 3: But it's not like everybody that has a Bevel right

1208
00:52:34,200 --> 00:52:36,480
Speaker 3: now and they are raving about it because you guys

1209
00:52:36,520 --> 00:52:39,680
Speaker 3: are conn you can tamp the breve. I feel like

1210
00:52:39,840 --> 00:52:42,000
Speaker 3: bst come over to my house. I can't mind self

1211
00:52:42,120 --> 00:52:46,640
Speaker 3: tamps stop it anyway. So it's a well known Australian brand.

1212
00:52:46,960 --> 00:52:49,320
Speaker 3: And when I started looking on TikTok and I started

1213
00:52:49,320 --> 00:52:51,719
Speaker 3: looking online, it's starting to gain a little bit of

1214
00:52:51,800 --> 00:52:57,919
Speaker 3: an international presence. Okay, so expansion expansion also cozy lives.

1215
00:52:57,960 --> 00:52:59,960
Speaker 3: We're all looking at having a coffee machine.

1216
00:53:00,680 --> 00:53:02,560
Speaker 4: You can justify the expense of a coffee machine because

1217
00:53:02,560 --> 00:53:04,040
Speaker 4: it's cheaper than getting cofee out every year.

1218
00:53:04,080 --> 00:53:06,760
Speaker 3: And I mean I made the news for being rude

1219
00:53:07,120 --> 00:53:10,640
Speaker 3: about that guy's coffee. That was seven dollars old news. Yeah,

1220
00:53:10,760 --> 00:53:14,240
Speaker 3: I was on the news and sorry, seven.

1221
00:53:14,080 --> 00:53:16,799
Speaker 2: Dollars a cup. It is the craziest cup is wild.

1222
00:53:16,840 --> 00:53:18,640
Speaker 2: We don't have much I have for coffee this morning.

1223
00:53:18,760 --> 00:53:20,839
Speaker 3: So I feel like so many more of us are

1224
00:53:20,880 --> 00:53:24,759
Speaker 3: looking at being out somber ristas and if I start

1225
00:53:24,840 --> 00:53:28,040
Speaker 3: deep diving into it, reports show that Australians are increasingly

1226
00:53:28,200 --> 00:53:31,880
Speaker 3: choosing to own high end Revel machines to save money

1227
00:53:32,160 --> 00:53:34,400
Speaker 3: and upgrade there like at home games. So they're like,

1228
00:53:34,960 --> 00:53:37,799
Speaker 3: we're moving from a pod machine to the Brevel because

1229
00:53:37,800 --> 00:53:38,440
Speaker 3: it's a little.

1230
00:53:38,239 --> 00:53:40,279
Speaker 2: Bit fancy, but you can justify the expense rather than

1231
00:53:40,280 --> 00:53:41,920
Speaker 2: the seven dollar coffee every day exactly.

1232
00:53:42,120 --> 00:53:44,920
Speaker 3: And in the first half of twenty twenty five, the

1233
00:53:45,040 --> 00:53:49,200
Speaker 3: year ending December twenty twenty four, Rebel made and they're

1234
00:53:49,239 --> 00:53:51,840
Speaker 3: probably real salty about this because it's just off, but

1235
00:53:52,040 --> 00:53:55,880
Speaker 3: nine hundred and ninety seven point five million dollars in revenue,

1236
00:53:56,320 --> 00:53:58,680
Speaker 3: So now right off a billion, like you would have

1237
00:53:58,680 --> 00:53:59,920
Speaker 3: been a little bit if you were the singer, you

1238
00:54:00,120 --> 00:54:02,480
Speaker 3: already been like, what the heck? Yeah, But that's up

1239
00:54:02,600 --> 00:54:04,040
Speaker 3: ten percent from the year before.

1240
00:54:04,160 --> 00:54:06,480
Speaker 2: It's really good because it's a very saturated market.

1241
00:54:06,680 --> 00:54:11,040
Speaker 3: Their profit group by sixteen percent, breaching what is it,

1242
00:54:11,480 --> 00:54:17,320
Speaker 3: ninety seven point five million dollars, and that's mostly what, No,

1243
00:54:17,400 --> 00:54:21,120
Speaker 3: it's coffee bait, but mostly due to coffee machine sales,

1244
00:54:21,440 --> 00:54:23,280
Speaker 3: so like it's not the toasters, it's not the blenders.

1245
00:54:23,320 --> 00:54:25,760
Speaker 2: It's like when I think of I don't.

1246
00:54:25,600 --> 00:54:26,880
Speaker 4: Just think of the coffee machine, like I think of

1247
00:54:26,920 --> 00:54:29,040
Speaker 4: everything they do. But it's interesting to think that it's.

1248
00:54:28,920 --> 00:54:31,080
Speaker 3: Been around for years, like my mum still has their

1249
00:54:31,120 --> 00:54:35,000
Speaker 3: Brebels some beans exactly, and it also has so much

1250
00:54:35,080 --> 00:54:38,360
Speaker 3: expansion potential in emerging markets, so like it's starting to

1251
00:54:38,440 --> 00:54:41,839
Speaker 3: be looked at by China, South Korea interested Like sorry,

1252
00:54:41,880 --> 00:54:45,880
Speaker 3: Australians are known for being coffee stops, so a coffee

1253
00:54:46,000 --> 00:54:48,320
Speaker 3: machine from Australia is becoming quite.

1254
00:54:48,239 --> 00:54:51,400
Speaker 2: A like a coffe machine in Melbourne, Welp and even.

1255
00:54:51,239 --> 00:54:53,680
Speaker 3: The Middle East, like they already have a coffee culture,

1256
00:54:53,719 --> 00:54:56,799
Speaker 3: but they're looking at us. So in South Korea, which

1257
00:54:56,920 --> 00:55:01,200
Speaker 3: you absolutely love. South Korea, where they switched direct distribution

1258
00:55:01,400 --> 00:55:04,840
Speaker 3: in twenty twenty two, their market shared jumped, which is

1259
00:55:05,160 --> 00:55:07,239
Speaker 3: by the way, these might sound like small numbers, but

1260
00:55:07,280 --> 00:55:10,759
Speaker 3: it's actually massive, from four percent to seven percent in

1261
00:55:10,880 --> 00:55:14,359
Speaker 3: a country that is arguably not coffee motivated. And now

1262
00:55:14,400 --> 00:55:17,080
Speaker 3: they're trying the same approach in China, So like they're

1263
00:55:17,160 --> 00:55:22,440
Speaker 3: growing internationally, massive opportunity, and then ubs, which.

1264
00:55:22,280 --> 00:55:25,200
Speaker 2: Is like a bank. They said that they expect.

1265
00:55:24,920 --> 00:55:29,680
Speaker 3: Brevel's income to double, like more than double, from one

1266
00:55:29,760 --> 00:55:32,560
Speaker 3: point seven billion dollars in the financial year of twenty

1267
00:55:32,640 --> 00:55:35,200
Speaker 3: twenty five to four billion dollars next year.

1268
00:55:35,520 --> 00:55:37,319
Speaker 2: Wow on my watch list.

1269
00:55:37,480 --> 00:55:41,759
Speaker 3: Sorry all about coffee. I made the news for coffee gate,

1270
00:55:41,840 --> 00:55:44,399
Speaker 3: and now I'm investing in coffee. I feek that man

1271
00:55:44,480 --> 00:55:44,880
Speaker 3: told me to.

1272
00:55:44,880 --> 00:55:47,160
Speaker 2: Get a real job. This is a real job, isn't it.

1273
00:55:47,280 --> 00:55:49,040
Speaker 2: I sometimes think that I don't have a real job,

1274
00:55:49,200 --> 00:55:50,319
Speaker 2: except I have a job.

1275
00:55:50,800 --> 00:55:51,000
Speaker 3: Yeah.

1276
00:55:51,080 --> 00:55:53,719
Speaker 2: I honestly don't believe about their jobs, and I'm like, oh,

1277
00:55:54,040 --> 00:55:55,240
Speaker 2: I actually can't relate.

1278
00:55:55,040 --> 00:55:59,040
Speaker 3: To their forecasted like margin of profit is only going

1279
00:55:59,120 --> 00:56:02,600
Speaker 3: to increase because i'vebviously, the more they're developing, the more

1280
00:56:02,640 --> 00:56:04,960
Speaker 3: they can save, and the more profit they're going to make.

1281
00:56:05,560 --> 00:56:09,600
Speaker 3: While Brevel is already a profitable company, I would say

1282
00:56:09,719 --> 00:56:13,080
Speaker 3: it trades at a very high valuation, so thirty five

1283
00:56:13,280 --> 00:56:17,880
Speaker 3: times forward earnings, So investors they are paying a premium

1284
00:56:18,440 --> 00:56:19,920
Speaker 3: for its growth potential.

1285
00:56:19,520 --> 00:56:20,839
Speaker 2: Which is why I haven't purchased yet.

1286
00:56:20,920 --> 00:56:24,200
Speaker 3: Slightly overvalued yeah, and I don't want to buy overvalued staff,

1287
00:56:24,239 --> 00:56:27,400
Speaker 3: but also brevenue see growth potential, which is like and like,

1288
00:56:27,520 --> 00:56:29,680
Speaker 3: I love this coffee machine, so you low key it's

1289
00:56:29,719 --> 00:56:32,160
Speaker 3: like your costco. Yeah, I'm kind of like, sorry, I

1290
00:56:32,280 --> 00:56:35,960
Speaker 3: see the hype. The share price I would say relatively accessible.

1291
00:56:36,239 --> 00:56:39,920
Speaker 3: I mean it's thirty five dollars and fifty six cents

1292
00:56:39,920 --> 00:56:43,240
Speaker 3: as of today, beautiful, and its return over the last

1293
00:56:43,440 --> 00:56:46,120
Speaker 3: year has been fifteen point seventy five percent.

1294
00:56:46,680 --> 00:56:46,919
Speaker 5: Wow.

1295
00:56:47,280 --> 00:56:48,480
Speaker 2: So like, sorry, bad.

1296
00:56:48,520 --> 00:56:50,040
Speaker 3: If you're going to buy a coffee machine and then

1297
00:56:50,080 --> 00:56:53,160
Speaker 3: you get it on sale, invests the difference in the

1298
00:56:53,280 --> 00:56:55,560
Speaker 3: share price, and then you're basically making money by making

1299
00:56:55,600 --> 00:56:56,320
Speaker 3: coffee at home.

1300
00:56:56,200 --> 00:56:59,400
Speaker 2: And your coffee machine is paying you. Yes, a win

1301
00:56:59,600 --> 00:56:59,879
Speaker 2: is a win.

1302
00:57:00,120 --> 00:57:02,600
Speaker 3: A win is a massive win. I want to move

1303
00:57:02,640 --> 00:57:04,439
Speaker 3: on from this though, because like I could talk about

1304
00:57:04,480 --> 00:57:06,320
Speaker 3: my coffee machine to the cows come home, and you

1305
00:57:06,400 --> 00:57:09,200
Speaker 3: could definitely talk about Costco fore far for me anytime

1306
00:57:09,360 --> 00:57:11,800
Speaker 3: I'll tell you I want to talk about like quickly

1307
00:57:11,920 --> 00:57:13,600
Speaker 3: before we end, because I feel like we've been napping

1308
00:57:13,600 --> 00:57:17,280
Speaker 3: for ages. Wild card chess, Yes, so what is something

1309
00:57:17,920 --> 00:57:18,560
Speaker 3: that you reckon?

1310
00:57:18,720 --> 00:57:19,760
Speaker 2: Is like a wild card?

1311
00:57:20,040 --> 00:57:23,040
Speaker 4: Okay, so on my wild card list, and the reason

1312
00:57:23,080 --> 00:57:25,760
Speaker 4: it's my wild card is it's not that profitable at

1313
00:57:25,800 --> 00:57:29,520
Speaker 4: the moment, but it is something and I'm no, definitely not.

1314
00:57:30,240 --> 00:57:34,720
Speaker 2: I'm a paradigmter. It's something that we all know and love.

1315
00:57:34,960 --> 00:57:36,800
Speaker 2: But it's a doll beauty love.

1316
00:57:36,960 --> 00:57:40,080
Speaker 4: They are on the AX with the ticket code ab

1317
00:57:40,440 --> 00:57:42,640
Speaker 4: Y and they obviously.

1318
00:57:42,480 --> 00:57:45,000
Speaker 3: Yours is more sexy than my wild card. I know

1319
00:57:45,200 --> 00:57:46,320
Speaker 3: mine's like real row.

1320
00:57:46,560 --> 00:57:47,880
Speaker 2: Okay, well I've gone sexy.

1321
00:57:48,520 --> 00:57:51,200
Speaker 4: The key numbers that you should care about are the

1322
00:57:51,400 --> 00:57:53,800
Speaker 4: f y twenty four revenue, which is one hundred and

1323
00:57:54,000 --> 00:57:56,240
Speaker 4: ninety five point seven million, which is.

1324
00:57:56,360 --> 00:57:58,520
Speaker 2: Do be crazy. And they have retail stores now.

1325
00:57:58,640 --> 00:58:01,200
Speaker 4: Yeah, so that's where they expand into retail, which is

1326
00:58:01,280 --> 00:58:03,200
Speaker 4: why it's on my wild card because it's currently not

1327
00:58:03,320 --> 00:58:06,320
Speaker 4: that profitable. But I think they're like retail expansion is

1328
00:58:06,360 --> 00:58:08,520
Speaker 4: really going to help them because in Australia, obviously we

1329
00:58:08,600 --> 00:58:10,360
Speaker 4: have Sephora, but I feel like no one cares about

1330
00:58:10,360 --> 00:58:13,520
Speaker 4: Sephora in Australia. We care about Mecca. Yeah, we love Mecca,

1331
00:58:13,680 --> 00:58:16,680
Speaker 4: and I think Adoor Beauty dabbling in that space. They're

1332
00:58:16,880 --> 00:58:20,040
Speaker 4: my favorite online really like retailer when it comes.

1333
00:58:19,840 --> 00:58:22,640
Speaker 3: To really see, I'm still a Mecca cult member and

1334
00:58:23,400 --> 00:58:25,920
Speaker 3: their stores are like not stores.

1335
00:58:26,040 --> 00:58:26,880
Speaker 2: They're like full.

1336
00:58:26,760 --> 00:58:30,160
Speaker 3: Experiences, and I just wonder how you would compete with that.

1337
00:58:30,440 --> 00:58:33,440
Speaker 4: I loved Mecha, do still love Mecca. Still shop at

1338
00:58:33,480 --> 00:58:35,440
Speaker 4: Mecca regularly, but I think with the Door Beauty they

1339
00:58:35,480 --> 00:58:37,000
Speaker 4: offer something a little bit different.

1340
00:58:36,720 --> 00:58:39,120
Speaker 3: And they also go on sale, which I kind of

1341
00:58:39,400 --> 00:58:41,160
Speaker 3: I go hold on and like a lot of the

1342
00:58:41,240 --> 00:58:43,160
Speaker 3: brands that used to and like this is probably me

1343
00:58:43,520 --> 00:58:45,680
Speaker 3: diving into your wild card, but like a lot of

1344
00:58:45,760 --> 00:58:48,320
Speaker 3: the brands that used to be exclusive to Mecca and now.

1345
00:58:48,360 --> 00:58:51,439
Speaker 2: Not exclusive, and they are you're in the market. Yeah,

1346
00:58:51,560 --> 00:58:52,520
Speaker 2: Like even just like you.

1347
00:58:52,560 --> 00:58:55,640
Speaker 3: Look at Kerastas, right, that's at Mecca, and I buy

1348
00:58:55,680 --> 00:58:58,240
Speaker 3: that shampoo, but it's often on sale for.

1349
00:58:58,320 --> 00:59:00,240
Speaker 2: A door Adoor Beauty do really good.

1350
00:59:00,280 --> 00:59:02,640
Speaker 4: Sounds like they'll do a three for two deal like

1351
00:59:02,800 --> 00:59:05,000
Speaker 4: buy two free style too, so much free stuff, and

1352
00:59:05,040 --> 00:59:07,360
Speaker 4: I feel like that that's an experience that like me

1353
00:59:07,560 --> 00:59:09,040
Speaker 4: as a consumer, really enjoy that.

1354
00:59:09,120 --> 00:59:11,560
Speaker 2: I'm gonna order to do want the travel sized shampoo.

1355
00:59:11,760 --> 00:59:12,400
Speaker 5: I do love that.

1356
00:59:12,600 --> 00:59:14,840
Speaker 4: And they do free goodie bags, all of that jazz,

1357
00:59:15,440 --> 00:59:19,600
Speaker 4: and they have so many return customers and another thing,

1358
00:59:19,920 --> 00:59:22,880
Speaker 4: they have such strong app usage. So twenty six percent

1359
00:59:22,880 --> 00:59:25,200
Speaker 4: of their sales come from their own Adore Beauty app,

1360
00:59:25,200 --> 00:59:27,960
Speaker 4: which I think is a crazy figure. And they have

1361
00:59:28,040 --> 00:59:30,000
Speaker 4: a really good loyalty program, which I think is better

1362
00:59:30,040 --> 00:59:33,040
Speaker 4: than the Mecca one. It's really early in Adoor Beauty's

1363
00:59:33,080 --> 00:59:36,960
Speaker 4: profit journey, but I think that soon it'll be like

1364
00:59:37,120 --> 00:59:38,960
Speaker 4: worth it. But I yeah, I haven't invested in it

1365
00:59:39,080 --> 00:59:40,720
Speaker 4: yet because I think they're still.

1366
00:59:40,640 --> 00:59:44,280
Speaker 2: Like, I want to watch what's their performance? Let me

1367
00:59:44,320 --> 00:59:45,080
Speaker 2: whip it up for you.

1368
00:59:45,240 --> 00:59:50,480
Speaker 4: I'll get you some live figures. Okay, in the maximum

1369
00:59:50,600 --> 00:59:52,720
Speaker 4: time that it's been on the share market.

1370
00:59:52,480 --> 00:59:54,160
Speaker 2: It's not looking good. Let me tell you. It's not

1371
00:59:54,240 --> 00:59:56,120
Speaker 2: looking good. But you're like, but I believe in the

1372
00:59:56,960 --> 00:59:57,560
Speaker 2: in this mention.

1373
00:59:58,120 --> 01:00:02,760
Speaker 4: So since inception at six dollars ninety two, yeah, and

1374
01:00:02,880 --> 01:00:05,520
Speaker 4: today it's at seventy six cents, which is not looking good.

1375
01:00:05,640 --> 01:00:07,720
Speaker 2: How it's an opportunity for me to buy in.

1376
01:00:08,040 --> 01:00:10,240
Speaker 4: It's an opportunity for you to buy in. Year to date,

1377
01:00:10,320 --> 01:00:13,080
Speaker 4: they're down fourteen point eight nine percent. But we are

1378
01:00:13,160 --> 01:00:15,520
Speaker 4: in this industry. We're in the beauty space. We are

1379
01:00:15,560 --> 01:00:18,720
Speaker 4: beauty consumers, and we see we are, we are. We

1380
01:00:19,160 --> 01:00:21,919
Speaker 4: love the beauty industry. We see a Door Beauty as

1381
01:00:22,080 --> 01:00:22,840
Speaker 4: a market leader.

1382
01:00:23,200 --> 01:00:25,439
Speaker 2: I see where they're going with we see where they're going.

1383
01:00:25,920 --> 01:00:27,720
Speaker 3: I feel like a lot of people. Yeah, no, I

1384
01:00:27,800 --> 01:00:30,680
Speaker 3: think that's good. I think that's exciting. So what do

1385
01:00:30,720 --> 01:00:32,600
Speaker 3: you think is going to drive their performance back up?

1386
01:00:32,760 --> 01:00:33,920
Speaker 3: Like you think just becoming in.

1387
01:00:34,440 --> 01:00:37,560
Speaker 4: Experience, Like they're opening so many new stores, and I

1388
01:00:37,720 --> 01:00:41,160
Speaker 4: think Mecca is almost pricing themselves out of the market.

1389
01:00:41,280 --> 01:00:43,520
Speaker 4: So Flora, I think doesn't. I'm not putting them in

1390
01:00:43,560 --> 01:00:46,160
Speaker 4: the equation as like your beauty space to go, like

1391
01:00:46,200 --> 01:00:47,600
Speaker 4: where you're gonna go get a beauty broder. I think

1392
01:00:47,600 --> 01:00:50,120
Speaker 4: you go to Sephora because they have certain products you need,

1393
01:00:50,240 --> 01:00:52,720
Speaker 4: you go to Sephour overseas, but in Australia you go

1394
01:00:52,800 --> 01:00:55,600
Speaker 4: to Mecca. And I think Mecca is slowly having price

1395
01:00:55,680 --> 01:00:58,400
Speaker 4: increases that we might price them out of the market.

1396
01:00:58,400 --> 01:01:00,760
Speaker 4: Whereas I think adoor beauty is a audible but still

1397
01:01:00,800 --> 01:01:03,360
Speaker 4: that like luxury experience. So I think in a cost

1398
01:01:03,400 --> 01:01:06,160
Speaker 4: of living crisis, a door beauty has more room to grow.

1399
01:01:06,280 --> 01:01:08,520
Speaker 2: Yeah, I know that's exciting. So do you have a

1400
01:01:08,560 --> 01:01:09,080
Speaker 2: wild card?

1401
01:01:09,240 --> 01:01:11,240
Speaker 3: I do, But mine's boring. Mine's not like in the

1402
01:01:11,280 --> 01:01:13,880
Speaker 3: beauty space or something that it was like a BEAUTIFULX see.

1403
01:01:14,240 --> 01:01:15,919
Speaker 3: I mean mine's just like I feel like a little

1404
01:01:15,920 --> 01:01:17,640
Speaker 3: bit nerdy. And now I'm like, oh, I want to.

1405
01:01:17,640 --> 01:01:19,400
Speaker 2: Pitch of a nerd. I love a nerd pitch me.

1406
01:01:19,560 --> 01:01:22,920
Speaker 3: And I'm watching this one because I'm like not one

1407
01:01:23,040 --> 01:01:25,800
Speaker 3: to run out and invest immediately, but I find it

1408
01:01:25,880 --> 01:01:28,440
Speaker 3: really interesting because I think it's a I don't know,

1409
01:01:28,480 --> 01:01:32,040
Speaker 3: a good example of like innovation and tech coming together.

1410
01:01:32,520 --> 01:01:34,800
Speaker 3: And like I'm here for the gossips, so we love

1411
01:01:34,840 --> 01:01:37,680
Speaker 3: the gossip. Yeah, So like this is for me an

1412
01:01:37,760 --> 01:01:40,720
Speaker 3: interesting one. It's called brain Chip. So it's on the

1413
01:01:40,760 --> 01:01:41,880
Speaker 3: ASEX brin.

1414
01:01:42,080 --> 01:01:44,160
Speaker 2: Have you heard of this? I have heard of this. Okay, cool,

1415
01:01:44,200 --> 01:01:45,960
Speaker 2: so it's not as wild as I thought it could be.

1416
01:01:46,480 --> 01:01:48,480
Speaker 3: But for those of you who maybe haven't heard of it,

1417
01:01:48,720 --> 01:01:53,240
Speaker 3: brain Chip is a Aussie tech company and they are

1418
01:01:53,320 --> 01:01:58,680
Speaker 3: building brain inspired AI chips called a Kida and it's

1419
01:01:58,800 --> 01:02:03,600
Speaker 3: designed to essentially help smart devices then think for themselves

1420
01:02:03,840 --> 01:02:05,280
Speaker 3: without the need for the.

1421
01:02:05,320 --> 01:02:09,160
Speaker 2: Cloud, so at the moment self sufficient. Yeah. Yeah, and

1422
01:02:09,520 --> 01:02:12,040
Speaker 2: so it's getting innovation. Well that's why I picked it.

1423
01:02:12,760 --> 01:02:13,720
Speaker 2: You're very smart.

1424
01:02:13,840 --> 01:02:16,080
Speaker 3: They've got on rainship you to be kind of thinking.

1425
01:02:16,720 --> 01:02:18,520
Speaker 3: These chips are going to be faster, they're going to

1426
01:02:18,560 --> 01:02:22,440
Speaker 3: be more energy efficient. There's like giving a friendly Yeah.

1427
01:02:22,320 --> 01:02:24,360
Speaker 2: You know how we chat GBT. We're talking about it

1428
01:02:24,440 --> 01:02:26,040
Speaker 2: every time you see exactly, So a.

1429
01:02:26,080 --> 01:02:27,800
Speaker 3: Lot of people are kind of looking at this, going, oh,

1430
01:02:27,880 --> 01:02:29,400
Speaker 3: this might be the way forward because they're kind of

1431
01:02:29,440 --> 01:02:33,919
Speaker 3: self sufficient. The stock price, I would say, exploded during

1432
01:02:34,280 --> 01:02:37,560
Speaker 3: the AI hype that happened like way back in what

1433
01:02:37,840 --> 01:02:40,560
Speaker 3: twenty twenty two, like late twenty twenty two, twenty twenty three,

1434
01:02:41,360 --> 01:02:45,520
Speaker 3: and it went from costing twenty cents for share to

1435
01:02:45,640 --> 01:02:48,480
Speaker 3: two dollars forty But yeah.

1436
01:02:48,440 --> 01:02:51,600
Speaker 2: Drop back down. Yeah, I'm seeing so like, can you

1437
01:02:51,680 --> 01:02:53,200
Speaker 2: not google it while I'm just google it?

1438
01:02:53,360 --> 01:02:53,520
Speaker 1: Yeah?

1439
01:02:53,520 --> 01:02:55,160
Speaker 3: I know, because like it makes me look bad. I'm

1440
01:02:55,160 --> 01:02:56,120
Speaker 3: trying to like tell a story.

1441
01:02:56,400 --> 01:02:58,560
Speaker 2: In five years, it's looking better. That's why it's a

1442
01:02:58,560 --> 01:03:00,960
Speaker 2: wild card. Okay, soon you walk up my so DOWND

1443
01:03:01,000 --> 01:03:03,720
Speaker 2: eighty nine percent, so I can't. Okay, this is why

1444
01:03:03,760 --> 01:03:06,480
Speaker 2: we haven't purchased. But we're so in next year.

1445
01:03:06,480 --> 01:03:07,960
Speaker 4: We're going to come back this time next year, we're

1446
01:03:07,960 --> 01:03:10,720
Speaker 4: going to check how they're going, and hopefully we are.

1447
01:03:10,840 --> 01:03:14,640
Speaker 2: We oracles. Oracles call me Warren can Warren.

1448
01:03:15,000 --> 01:03:18,840
Speaker 3: But I think the tech sounds really futuristic. But the

1449
01:03:19,040 --> 01:03:22,080
Speaker 3: problem with their company is that they're just burning so

1450
01:03:22,240 --> 01:03:22,760
Speaker 3: much cash.

1451
01:03:23,000 --> 01:03:25,560
Speaker 2: You have to in like a software in tech space,

1452
01:03:25,680 --> 01:03:28,480
Speaker 2: you have to burn cash to make cash. They're investing

1453
01:03:28,560 --> 01:03:30,240
Speaker 2: in the company, right, Ye, I see it.

1454
01:03:30,320 --> 01:03:33,880
Speaker 3: I see the kids like classic promising tech and that's why.

1455
01:03:33,840 --> 01:03:35,320
Speaker 2: It's either going to it's going to pay off or

1456
01:03:35,360 --> 01:03:35,560
Speaker 2: it's not.

1457
01:03:35,760 --> 01:03:37,960
Speaker 3: Yeah, and it's twenty two when everyone was like, oh

1458
01:03:38,000 --> 01:03:39,440
Speaker 3: my god, this is the next big thing.

1459
01:03:39,720 --> 01:03:41,160
Speaker 2: They all brought in because of hype.

1460
01:03:41,240 --> 01:03:43,320
Speaker 3: They didn't buy in because they looked at the on

1461
01:03:43,480 --> 01:03:45,800
Speaker 3: your reports and then they realized that, oh, this share

1462
01:03:45,840 --> 01:03:49,120
Speaker 3: doesn't pay dividends, Oh this share is actually a money pit?

1463
01:03:49,680 --> 01:03:50,360
Speaker 2: What's going on?

1464
01:03:50,680 --> 01:03:53,480
Speaker 3: And they didn't understand it enough, so it dropped back

1465
01:03:53,560 --> 01:03:57,040
Speaker 3: down as people sold off. But I think the challenge

1466
01:03:57,120 --> 01:03:59,760
Speaker 3: for them now is, Okay, you've put a lot of

1467
01:03:59,800 --> 01:04:02,919
Speaker 3: money into this that clearly is kind to payoff. Yeah,

1468
01:04:03,000 --> 01:04:05,040
Speaker 3: Like can you now make money from this? Like can

1469
01:04:05,120 --> 01:04:08,000
Speaker 3: you sell it? So I guess today the stock price

1470
01:04:08,080 --> 01:04:10,760
Speaker 3: is still like circling about twenty cents. What was it

1471
01:04:10,840 --> 01:04:12,920
Speaker 3: when you looked it up? Well, I looked at the

1472
01:04:13,040 --> 01:04:15,880
Speaker 3: year today if I did these notes yesterday, Yeah, so the.

1473
01:04:15,920 --> 01:04:19,360
Speaker 4: Share price today is at zero point. That's twenty cents. Yeah,

1474
01:04:19,800 --> 01:04:22,880
Speaker 4: and it's down year today fifty five percent, but you

1475
01:04:22,960 --> 01:04:25,439
Speaker 4: know what, we believe in her still and in five

1476
01:04:25,560 --> 01:04:29,040
Speaker 4: years it's up eleven percent. So it's up point Yeah,

1477
01:04:29,080 --> 01:04:31,960
Speaker 4: it's up two cents feive years. It's you know, you're

1478
01:04:32,000 --> 01:04:32,520
Speaker 4: making money.

1479
01:04:32,600 --> 01:04:35,880
Speaker 3: The Queen is where she started. She started at twenty cents,

1480
01:04:35,920 --> 01:04:38,080
Speaker 3: she's back at twenty cents. And I think it's a

1481
01:04:38,200 --> 01:04:41,280
Speaker 3: good reminder for all of us if we are planning

1482
01:04:41,400 --> 01:04:46,040
Speaker 3: on investing in emerging tech, Like it's not just betting

1483
01:04:46,120 --> 01:04:49,160
Speaker 3: on innovation. You're betting on like a company and their

1484
01:04:49,240 --> 01:04:52,320
Speaker 3: ability to have a CEO who can manage cash flow.

1485
01:04:52,360 --> 01:04:55,200
Speaker 3: I have a CEO who can make decisions around marketing

1486
01:04:55,280 --> 01:04:57,200
Speaker 3: and branding and getting more than just innovation.

1487
01:04:57,320 --> 01:04:59,080
Speaker 2: There's so much more that goes into business.

1488
01:04:59,200 --> 01:05:02,960
Speaker 3: Yeah, like you're betting like I don't know, timing and execution, because.

1489
01:05:02,760 --> 01:05:05,200
Speaker 4: These they could become the market leader, like right now

1490
01:05:05,400 --> 01:05:08,480
Speaker 4: like Chat, GBT, open Ai, that's the market leader. But

1491
01:05:08,600 --> 01:05:10,960
Speaker 4: if someone innovates them, they then become, you know, the

1492
01:05:11,080 --> 01:05:13,440
Speaker 4: market leader. And that's what they're trying to do. So

1493
01:05:13,520 --> 01:05:15,640
Speaker 4: it's like okay, right now they might be burning through cash,

1494
01:05:15,680 --> 01:05:18,080
Speaker 4: but if you bought it, right now and then suddenly

1495
01:05:18,160 --> 01:05:19,160
Speaker 4: tomorrow they say.

1496
01:05:19,040 --> 01:05:21,760
Speaker 2: Wow, we've done it. It's all working. It costs x

1497
01:05:21,800 --> 01:05:24,400
Speaker 2: amount less. It's doing this. The stock price could be

1498
01:05:24,480 --> 01:05:26,520
Speaker 2: up like seven thousand percent tomorrow, but we don't know.

1499
01:05:26,920 --> 01:05:28,600
Speaker 3: Yeah, and we don't know what we don't know. But

1500
01:05:29,200 --> 01:05:32,320
Speaker 3: I think it's like, guys, you have some pretty cool ideas.

1501
01:05:32,640 --> 01:05:35,040
Speaker 3: I'm watching and I'm like sitting back going can you

1502
01:05:35,120 --> 01:05:36,280
Speaker 3: make this make money?

1503
01:05:36,440 --> 01:05:36,480
Speaker 4: Like?

1504
01:05:36,560 --> 01:05:39,680
Speaker 2: Can you turn your cool ideas into revenues giving.

1505
01:05:39,560 --> 01:05:41,479
Speaker 4: Penny stock in the best way We're getting to watch

1506
01:05:41,560 --> 01:05:43,240
Speaker 4: on it, Maybe that they can do it.

1507
01:05:43,400 --> 01:05:45,080
Speaker 3: Just because you've got a cool idea doesn't mean you

1508
01:05:45,120 --> 01:05:45,760
Speaker 3: can make nice.

1509
01:05:45,640 --> 01:05:47,800
Speaker 2: If you've got to be like that's the hugest. Yeah,

1510
01:05:47,800 --> 01:05:50,080
Speaker 2: people can start with ideas every day. And if you

1511
01:05:50,200 --> 01:05:53,360
Speaker 2: listen to how should I invest in AI?

1512
01:05:53,680 --> 01:05:58,080
Speaker 3: Episode, I think you'll remember when we said we're at

1513
01:05:58,160 --> 01:06:00,320
Speaker 3: the show don't tell moment for a lot of these

1514
01:06:00,400 --> 01:06:03,760
Speaker 3: like AI companies, And that's kind of where brain Chip

1515
01:06:03,840 --> 01:06:04,600
Speaker 3: is at at the moment.

1516
01:06:04,720 --> 01:06:07,920
Speaker 2: So like they're like just trying their best. Okay, and

1517
01:06:08,120 --> 01:06:11,520
Speaker 2: I'm watching six the August next year, we'll have to check.

1518
01:06:11,400 --> 01:06:13,560
Speaker 3: In, but like, I haven't invested in this. In fact,

1519
01:06:13,640 --> 01:06:16,240
Speaker 3: I like it's going to take a fair bit. Maybe

1520
01:06:16,280 --> 01:06:18,520
Speaker 3: we'll put five dollars in not even.

1521
01:06:18,400 --> 01:06:18,840
Speaker 2: Going to do that.

1522
01:06:18,960 --> 01:06:21,720
Speaker 3: I'm like, well, if I've got five bucks to invest,

1523
01:06:21,840 --> 01:06:22,919
Speaker 3: is it going to be in brain Chep.

1524
01:06:23,040 --> 01:06:23,560
Speaker 2: Probably not.

1525
01:06:23,760 --> 01:06:25,560
Speaker 3: It's probably going to be in Adoor Beauty because you

1526
01:06:25,640 --> 01:06:28,439
Speaker 3: sold it so well. But no, I would just dump

1527
01:06:28,480 --> 01:06:31,880
Speaker 3: it into it, That's right. Yeah, So there's a few

1528
01:06:31,920 --> 01:06:33,680
Speaker 3: things I'd want to see from brain Chep if I

1529
01:06:34,000 --> 01:06:36,960
Speaker 3: was to invest, So like, I'd want to see consistent

1530
01:06:37,040 --> 01:06:39,480
Speaker 3: revenue growth so you don't have to like outperform what

1531
01:06:39,600 --> 01:06:42,080
Speaker 3: you've spent, but like, I just want to see that growth.

1532
01:06:42,360 --> 01:06:44,320
Speaker 2: Yeah, You're going to wait a couple more earnings reports

1533
01:06:44,400 --> 01:06:46,200
Speaker 2: to see whether that aligns to your values.

1534
01:06:46,800 --> 01:06:50,840
Speaker 3: Also, like great technology like a Kida, a Kaida or whatever.

1535
01:06:51,200 --> 01:06:54,320
Speaker 3: I'm sorry, which which products is it in yet? Like

1536
01:06:54,440 --> 01:06:56,560
Speaker 3: I want to see it in some big names, Like

1537
01:06:56,640 --> 01:06:59,000
Speaker 3: I want to see it feeling used. I want to

1538
01:06:59,080 --> 01:07:01,880
Speaker 3: see them collaborating with big companies. I want like, you know,

1539
01:07:02,160 --> 01:07:04,200
Speaker 3: if Amazon picked it up and said, oh, we've put

1540
01:07:04,240 --> 01:07:05,280
Speaker 3: this in our Echo.

1541
01:07:05,280 --> 01:07:06,920
Speaker 4: Perfect, do you know what I mean, I'd be like,

1542
01:07:07,000 --> 01:07:10,000
Speaker 4: oh shit, then's then those are the things available. If

1543
01:07:10,040 --> 01:07:12,320
Speaker 4: that was in an echo tomorrow, then the stock price

1544
01:07:12,360 --> 01:07:13,400
Speaker 4: will go up exactly.

1545
01:07:13,440 --> 01:07:14,800
Speaker 2: You don't know until exactly.

1546
01:07:14,960 --> 01:07:16,680
Speaker 3: And like at the moment, if you look at that

1547
01:07:16,760 --> 01:07:19,600
Speaker 3: and your report, they're like burning through cash more than

1548
01:07:19,640 --> 01:07:22,400
Speaker 3: what they're making. And I would like to not just

1549
01:07:22,560 --> 01:07:26,600
Speaker 3: see them have revenue growth, but like where's your plan

1550
01:07:27,360 --> 01:07:29,520
Speaker 3: for a pust to profitability?

1551
01:07:29,760 --> 01:07:31,760
Speaker 2: Like at what point where's your yellow brick road?

1552
01:07:31,880 --> 01:07:33,800
Speaker 3: Yeah, and like they might say, oh, it's still like

1553
01:07:33,880 --> 01:07:35,920
Speaker 3: seven years off, but at the seven year point, like

1554
01:07:36,040 --> 01:07:37,920
Speaker 3: we know because like we've been doing this and we're

1555
01:07:37,960 --> 01:07:40,760
Speaker 3: proving this as well, it's going yeah, And then I

1556
01:07:40,800 --> 01:07:44,320
Speaker 3: guess execution milestones they haven't really like they're all like

1557
01:07:44,600 --> 01:07:45,320
Speaker 3: we've got cool.

1558
01:07:45,200 --> 01:07:46,480
Speaker 2: Ideas and we're doing cool things.

1559
01:07:46,560 --> 01:07:48,920
Speaker 3: And like I think that's where that that jumped to

1560
01:07:48,960 --> 01:07:51,400
Speaker 3: two dollars forty happened because people are like, oh, that

1561
01:07:51,520 --> 01:07:55,120
Speaker 3: sounds sick, but like, are you hitting your delivery targets?

1562
01:07:55,160 --> 01:07:57,720
Speaker 3: Can you please start reporting on those? Are you actually

1563
01:07:57,800 --> 01:08:00,600
Speaker 3: getting this hardware that you're building and innovating on how

1564
01:08:00,640 --> 01:08:02,640
Speaker 3: many are you sending out? If so, were like, it

1565
01:08:02,720 --> 01:08:04,360
Speaker 3: doesn't have to be in something that I know of,

1566
01:08:04,600 --> 01:08:07,120
Speaker 3: but like it could be a coffee machine. But people

1567
01:08:07,160 --> 01:08:09,400
Speaker 3: buying this shit because I can't see people buying this

1568
01:08:09,760 --> 01:08:12,360
Speaker 3: MoU also, and I also want to see they're talking

1569
01:08:12,360 --> 01:08:14,360
Speaker 3: about a lot of tools that they're going to release,

1570
01:08:14,440 --> 01:08:15,760
Speaker 3: but they haven't released, so like.

1571
01:08:15,960 --> 01:08:19,760
Speaker 2: It's all talk, no walk. Yeah, so I guess I

1572
01:08:19,880 --> 01:08:20,320
Speaker 2: watch just.

1573
01:08:20,360 --> 01:08:21,800
Speaker 3: For reaching them, and that's why they're a bit of

1574
01:08:21,840 --> 01:08:22,479
Speaker 3: a wild card.

1575
01:08:22,560 --> 01:08:24,920
Speaker 2: But we will just these, I will track them.

1576
01:08:24,920 --> 01:08:26,400
Speaker 4: I'll pop them in all in a spreadsheet today with

1577
01:08:26,439 --> 01:08:29,240
Speaker 4: the price, and then in a year's time we'll come back.

1578
01:08:29,120 --> 01:08:31,200
Speaker 3: And see how they've did for that, because like I'll

1579
01:08:31,200 --> 01:08:35,240
Speaker 3: be like, yeah, a brain ship and a coffee machine, like.

1580
01:08:35,400 --> 01:08:38,040
Speaker 2: And I've gone from will see for me costco on

1581
01:08:38,120 --> 01:08:41,640
Speaker 2: indoor beauty. Honestly, they're way more from really sexy. All right.

1582
01:08:41,720 --> 01:08:43,400
Speaker 2: I feel like we've been yapping for ages.

1583
01:08:43,600 --> 01:08:45,240
Speaker 3: Thank you so much for coming back on the show

1584
01:08:45,479 --> 01:08:48,439
Speaker 3: letting me, I guess, peek inside that very well researched

1585
01:08:48,479 --> 01:08:49,760
Speaker 3: brain of yours. I feel like you and I are

1586
01:08:49,800 --> 01:08:51,200
Speaker 3: on the same page. This is why we're always like

1587
01:08:51,320 --> 01:08:52,000
Speaker 3: have you seen Rebel?

1588
01:08:52,040 --> 01:08:54,400
Speaker 2: Have you seen this? We're in a wed parallel of crazy,

1589
01:08:54,800 --> 01:08:55,360
Speaker 2: like you know.

1590
01:08:55,400 --> 01:08:57,479
Speaker 3: When people so like my best friend Harriet and I

1591
01:08:57,720 --> 01:09:00,840
Speaker 3: like we send each other TikTok videos of ducks and food,

1592
01:09:01,200 --> 01:09:04,040
Speaker 3: and then there's you and I sending each other tiktoks

1593
01:09:04,080 --> 01:09:05,680
Speaker 3: on na video.

1594
01:09:06,000 --> 01:09:09,080
Speaker 4: Just random things. Okay, it's an interesting life and the guard.

1595
01:09:09,200 --> 01:09:10,720
Speaker 4: If anyone works to the garden and wants to send

1596
01:09:10,760 --> 01:09:11,360
Speaker 4: us on the gun.

1597
01:09:11,280 --> 01:09:13,920
Speaker 3: Please, Honestly, I was very confused. You didn't pick a

1598
01:09:14,000 --> 01:09:14,599
Speaker 3: train company.

1599
01:09:14,800 --> 01:09:15,439
Speaker 2: I would pick a.

1600
01:09:15,439 --> 01:09:17,800
Speaker 4: Train company, but it's not my journey at the moment,

1601
01:09:18,200 --> 01:09:19,880
Speaker 4: but you will journey on a train. I would love

1602
01:09:19,920 --> 01:09:20,679
Speaker 4: to journey on a train.

1603
01:09:20,920 --> 01:09:23,320
Speaker 3: All right, Well, guys, don't worry. We are absolutely not

1604
01:09:23,439 --> 01:09:26,280
Speaker 3: done yet on this topic. We have a whole heap

1605
01:09:26,439 --> 01:09:29,680
Speaker 3: more investing episodes coming up with Brooke. Because sorry, the

1606
01:09:29,760 --> 01:09:31,960
Speaker 3: second you guys were so excited about the first episode,

1607
01:09:31,960 --> 01:09:33,680
Speaker 3: I was like, why aren't we capitalizing on this? Get

1608
01:09:33,720 --> 01:09:38,320
Speaker 3: Brooke on, you do more investing content because clearly.

1609
01:09:38,439 --> 01:09:39,880
Speaker 2: Sorry, you've shown that you've got the range.

1610
01:09:41,160 --> 01:09:43,519
Speaker 3: And if you loved this chat, please make sure that

1611
01:09:43,560 --> 01:09:46,160
Speaker 3: you're following our shiro, that you are leaving nice little

1612
01:09:46,200 --> 01:09:47,000
Speaker 3: reviews and.

1613
01:09:47,080 --> 01:09:48,479
Speaker 2: Send us some DMS of questions.

1614
01:09:48,680 --> 01:09:51,479
Speaker 3: Yes, please, Like if you are interested in chats like these,

1615
01:09:51,520 --> 01:09:53,200
Speaker 3: and you got to the end of this episode and

1616
01:09:53,240 --> 01:09:55,280
Speaker 3: you're like, hey, yes, I want more and you've got questions,

1617
01:09:55,520 --> 01:09:58,400
Speaker 3: tell us what you want to hear, and also keep

1618
01:09:58,400 --> 01:09:58,920
Speaker 3: your eye on the.

1619
01:09:58,920 --> 01:10:01,560
Speaker 2: Feed for any new job. And guys, I'll see you

1620
01:10:01,640 --> 01:10:03,439
Speaker 2: on Friday. Buye Divas by.

1621
01:10:09,840 --> 01:10:12,360
Speaker 5: The advice shared on She's on the Money is general

1622
01:10:12,439 --> 01:10:16,280
Speaker 5: in nature and does not consider your individual circumstances. She's

1623
01:10:16,320 --> 01:10:19,719
Speaker 5: on the Money exists purely for educational purposes and should

1624
01:10:19,800 --> 01:10:22,960
Speaker 5: not be relied upon to make an investment or financial decision.

1625
01:10:23,360 --> 01:10:25,800
Speaker 5: If you do choose to buy a financial product, read

1626
01:10:25,840 --> 01:10:29,960
Speaker 5: the PDS TMD and obtain appropriate financial advice tailored towards

1627
01:10:30,040 --> 01:10:33,280
Speaker 5: your needs. Victoria Divine and She's on the Money are

1628
01:10:33,360 --> 01:10:38,320
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1629
01:10:38,400 --> 01:10:41,400
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1630
01:10:41,720 --> 01:10:44,240
Speaker 5: AFSL four five one two eight nine