1 00:00:00,200 --> 00:00:02,960 Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations 2 00:00:03,000 --> 00:00:08,600 Speaker 1: woman and I'm here to acknowledge country t Glenn Young, Ganya, Niana, 3 00:00:08,680 --> 00:00:11,920 Speaker 1: Kaka yah Ya, bin Ahaka Nian, Our guy in Mbini, 4 00:00:11,960 --> 00:00:17,400 Speaker 1: yak um Jar, Domayama, Domagahawakawaman, damon Immalan, Bumba, bang Gada, 5 00:00:17,440 --> 00:00:20,040 Speaker 1: boma In and now in Waka Ghana on yak rum 6 00:00:20,079 --> 00:00:24,920 Speaker 1: Jar Watanadaa. Hello, beautiful friends, we gather on the lands 7 00:00:24,960 --> 00:00:28,000 Speaker 1: of the Aboriginal people. We thank acknowledge and respect the 8 00:00:28,040 --> 00:00:31,240 Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure 9 00:00:31,280 --> 00:00:33,680 Speaker 1: in all the land and respect all that you see. 10 00:00:34,600 --> 00:00:40,160 Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections, 11 00:00:40,960 --> 00:00:44,560 Speaker 1: bringing you the tools, knowledge and resources for you to thrive. 12 00:00:45,080 --> 00:00:51,440 Speaker 2: She's on the Money. She's on the Money. Hello and 13 00:00:51,520 --> 00:00:53,640 Speaker 2: welcome to She's on the Money. The podcast is here 14 00:00:53,680 --> 00:00:55,959 Speaker 2: to show you investing isn't just for the rich. It's 15 00:00:56,040 --> 00:00:59,000 Speaker 2: for you too. Unless you're rich and you're listening. 16 00:00:58,760 --> 00:01:02,680 Speaker 3: To this money, you know what rich people might like 17 00:01:02,760 --> 00:01:03,360 Speaker 3: this episode. 18 00:01:03,560 --> 00:01:06,840 Speaker 2: That's true, true, exactly, and everyone's welcome here, rich and 19 00:01:07,040 --> 00:01:09,720 Speaker 2: poor and everything in between. If you love a bit 20 00:01:09,720 --> 00:01:10,920 Speaker 2: of gossip and don't. 21 00:01:10,840 --> 00:01:13,720 Speaker 3: Want we do we do. I don't want to be involved, 22 00:01:13,760 --> 00:01:15,720 Speaker 3: but I want to know about your cousin's brother's friend. 23 00:01:15,800 --> 00:01:20,440 Speaker 2: Absolutely, yeah, absolutely, Get your popcorn ready, everyone, because this 24 00:01:20,680 --> 00:01:23,559 Speaker 2: is the episode few. It's our twenty twenty five share 25 00:01:23,680 --> 00:01:26,679 Speaker 2: market recap where we look at who made ridiculous returns, 26 00:01:27,080 --> 00:01:30,760 Speaker 2: what everyone was suddenly obsessed with, where the money actually flowed, 27 00:01:31,160 --> 00:01:33,400 Speaker 2: and what it all says about how people were really 28 00:01:33,440 --> 00:01:36,360 Speaker 2: feeling about their money last year. I'm excited, and with 29 00:01:36,520 --> 00:01:38,520 Speaker 2: me is the woman who is more invested in the 30 00:01:38,600 --> 00:01:41,200 Speaker 2: share market drama than anyone I know, Victoria Divide. 31 00:01:41,319 --> 00:01:45,440 Speaker 3: I'm so ready for this. Me too, are my favorite. 32 00:01:45,520 --> 00:01:48,560 Speaker 3: And this year is all about investing and just more 33 00:01:48,680 --> 00:01:51,840 Speaker 3: investing content and like the juicy stuff. And I feel like, 34 00:01:51,920 --> 00:01:54,440 Speaker 3: if you thought that investing is boring up until now, 35 00:01:54,960 --> 00:01:57,640 Speaker 3: sit down, strap in, get your popcorn, because it's not 36 00:01:58,080 --> 00:01:59,760 Speaker 3: no fun. It's exciting. 37 00:02:00,080 --> 00:02:02,240 Speaker 2: It's exciting, and I think it's really smart to kind 38 00:02:02,240 --> 00:02:03,720 Speaker 2: of frame it in this way where it's like it 39 00:02:03,720 --> 00:02:05,720 Speaker 2: almost fel like we're watching a reality TV show. 40 00:02:05,560 --> 00:02:07,720 Speaker 3: One hundred percent. And this episode is coming out in 41 00:02:07,880 --> 00:02:10,440 Speaker 3: March instead of earlier in the year because some of 42 00:02:10,520 --> 00:02:12,640 Speaker 3: you may have heard a little bit of gossip about 43 00:02:12,680 --> 00:02:15,480 Speaker 3: my life. I actually had a baby in January, so 44 00:02:15,560 --> 00:02:18,320 Speaker 3: I was just a little bit busy, so I took 45 00:02:18,400 --> 00:02:21,919 Speaker 3: some time off recording. But I'm back and I missed it. 46 00:02:22,240 --> 00:02:24,720 Speaker 3: And yeah, that's just how long it takes. But also 47 00:02:24,880 --> 00:02:27,440 Speaker 3: enough we needed all the financial reports to come out, 48 00:02:27,520 --> 00:02:29,239 Speaker 3: so the soonest you would have got this episode was 49 00:02:29,320 --> 00:02:31,640 Speaker 3: February anyway, so March like, that's. 50 00:02:31,480 --> 00:02:34,000 Speaker 2: Pretty good, that's pretty good, that'd be good. It's incredible. 51 00:02:34,040 --> 00:02:35,840 Speaker 2: You just had a literal baby. 52 00:02:36,040 --> 00:02:38,919 Speaker 3: I did, and she's in the corner. Literally, yeah, you 53 00:02:39,000 --> 00:02:41,400 Speaker 3: might actually be able to hear exactly. And I'm so 54 00:02:41,560 --> 00:02:43,560 Speaker 3: excited to get back into it, guys. And it's my 55 00:02:43,680 --> 00:02:45,800 Speaker 3: favorite type of episode where I do get to gossip 56 00:02:45,840 --> 00:02:48,400 Speaker 3: about my favorite topic, and that, my friends, is the 57 00:02:48,480 --> 00:02:50,880 Speaker 3: share market. And we say this every single time we 58 00:02:50,960 --> 00:02:54,480 Speaker 3: do an episode like this, because one, I'm just an 59 00:02:54,480 --> 00:02:58,440 Speaker 3: anxious girl too. I hold a financial services license, so 60 00:02:58,560 --> 00:03:01,240 Speaker 3: I have a legal ablation to remind you that past 61 00:03:01,240 --> 00:03:03,799 Speaker 3: performance is not a reliable predictor of future performance. And 62 00:03:03,840 --> 00:03:05,960 Speaker 3: the shares and ETFs in this episode are not featured 63 00:03:06,000 --> 00:03:08,280 Speaker 3: because we recommend that you invest them but rather this 64 00:03:08,400 --> 00:03:11,799 Speaker 3: episode is purely for educational purposes, for helping you understand 65 00:03:11,840 --> 00:03:12,560 Speaker 3: the market better. 66 00:03:13,080 --> 00:03:15,440 Speaker 2: Wow, that was so smooth. 67 00:03:15,840 --> 00:03:16,720 Speaker 3: That wasn't scripted. 68 00:03:16,960 --> 00:03:20,440 Speaker 2: That is incredible. I want to clip that and just 69 00:03:20,520 --> 00:03:22,920 Speaker 2: put that disclaimer everything. I think everyone would. 70 00:03:23,200 --> 00:03:25,680 Speaker 3: It's important because I don't ever want someone in our 71 00:03:25,720 --> 00:03:28,160 Speaker 3: community to listen to this episode and go, oh my gosh, 72 00:03:28,240 --> 00:03:30,440 Speaker 3: that ETF that Beck and Victoria we're talking about, I'm 73 00:03:30,480 --> 00:03:33,120 Speaker 3: going to go invest in that, because the reason we're 74 00:03:33,160 --> 00:03:37,000 Speaker 3: talking about these things is not because they're good investment opportunities, 75 00:03:37,440 --> 00:03:39,880 Speaker 3: but just to understand the market better. I mean, they 76 00:03:39,920 --> 00:03:42,360 Speaker 3: could be great investment opportunities, and as we're going to see, 77 00:03:42,800 --> 00:03:45,440 Speaker 3: some people made a lot of money back. But just 78 00:03:45,480 --> 00:03:47,720 Speaker 3: because it performed in one year doesn't mean that it's 79 00:03:47,760 --> 00:03:50,040 Speaker 3: going to be consistent. Yeah, like it could have surged 80 00:03:50,120 --> 00:03:52,320 Speaker 3: riplethora of reasons, and we'll get into it. 81 00:03:52,800 --> 00:03:55,160 Speaker 2: So I want to start by asking b what was 82 00:03:55,240 --> 00:03:57,280 Speaker 2: the big investing story of twenty twenty five? 83 00:03:57,520 --> 00:03:59,880 Speaker 3: Right There has been a lot of chatter about this recently, 84 00:04:00,240 --> 00:04:03,360 Speaker 3: and I feel like I want to caveat this a 85 00:04:03,400 --> 00:04:06,640 Speaker 3: little bit because this state of the world is very 86 00:04:06,800 --> 00:04:10,320 Speaker 3: different right now than it was in twenty twenty five, 87 00:04:10,800 --> 00:04:12,680 Speaker 3: and one of the ETFs that we're going to talk 88 00:04:12,680 --> 00:04:16,080 Speaker 3: about is war related, and I just want to caveat 89 00:04:16,160 --> 00:04:18,799 Speaker 3: that there. It's obviously not a recommendation, but I can't 90 00:04:18,960 --> 00:04:22,880 Speaker 3: change what has happened in the past. We just retrospectively 91 00:04:22,960 --> 00:04:26,359 Speaker 3: looking at what performed the best, and the top performing 92 00:04:26,680 --> 00:04:30,320 Speaker 3: ETF is involving drones. Okay. I don't know if it's 93 00:04:30,360 --> 00:04:32,360 Speaker 3: like a trigger warning thing. I just feel the need 94 00:04:32,520 --> 00:04:35,719 Speaker 3: to share that upfront because I don't want you thinking, 95 00:04:35,760 --> 00:04:38,520 Speaker 3: oh my gosh, it's so insensitive talking about how well 96 00:04:38,600 --> 00:04:41,960 Speaker 3: performing something that's so negative is. But the reality is 97 00:04:42,240 --> 00:04:46,640 Speaker 3: it is what it is. But ETFs in general, I 98 00:04:46,680 --> 00:04:49,360 Speaker 3: would say hot topic again. So if you're in the 99 00:04:49,400 --> 00:04:52,039 Speaker 3: she's on the mining community, you'll be probably thinking, Victoria, 100 00:04:52,120 --> 00:04:54,680 Speaker 3: they never left, like we've been talking about them for years, 101 00:04:54,760 --> 00:04:58,679 Speaker 3: and yes we have, But when it comes to market trends, 102 00:04:59,120 --> 00:05:02,960 Speaker 3: people haven't been that interested in them. And it's not 103 00:05:03,160 --> 00:05:06,239 Speaker 3: just like a headline kind of hyper anymore. There's actual 104 00:05:06,360 --> 00:05:09,560 Speaker 3: data that backs this up. So more Australians are now 105 00:05:09,640 --> 00:05:13,560 Speaker 3: investing through ETFs than ever before and money is flowing 106 00:05:14,000 --> 00:05:16,279 Speaker 3: in record highs, which is kind of cool. 107 00:05:16,600 --> 00:05:19,080 Speaker 2: Yeah, Let's pretend Beck that that was you and I. 108 00:05:19,440 --> 00:05:21,400 Speaker 2: I have a feeling, Yeah, I think it was us. 109 00:05:21,680 --> 00:05:23,800 Speaker 2: I think it was us. We started talking about them more. 110 00:05:23,839 --> 00:05:24,599 Speaker 2: We've been harping on. 111 00:05:24,760 --> 00:05:26,720 Speaker 3: About that for years, and now you guys have finally 112 00:05:26,760 --> 00:05:30,120 Speaker 3: caught up issues on the money community investing. So in 113 00:05:30,520 --> 00:05:33,920 Speaker 3: twenty twenty five, the Australian ETF market closed with a 114 00:05:34,040 --> 00:05:38,080 Speaker 3: total of sit down three hundred and thirty point six 115 00:05:38,560 --> 00:05:42,320 Speaker 3: billion dollars in funds under management, or FuMB if you're 116 00:05:42,320 --> 00:05:46,600 Speaker 3: an industry brum FuMB, that's not fine FUM, which is 117 00:05:46,640 --> 00:05:49,799 Speaker 3: an all time high and a thirty four percent growth 118 00:05:49,880 --> 00:05:50,320 Speaker 3: on the year. 119 00:05:50,880 --> 00:05:52,720 Speaker 2: Oh say yeah, that's cool. 120 00:05:53,320 --> 00:05:57,760 Speaker 3: Investors actually added fifty three billion dollars of brand new 121 00:05:57,839 --> 00:06:00,800 Speaker 3: money into the ETF market last year. Oh my god, 122 00:06:01,120 --> 00:06:02,400 Speaker 3: so new cash money? 123 00:06:02,720 --> 00:06:04,680 Speaker 2: Yes, I actually I am really curious to know, like 124 00:06:04,720 --> 00:06:07,560 Speaker 2: how much of that because I didn't invest before you, 125 00:06:08,320 --> 00:06:10,360 Speaker 2: and so I'm sure you would be with the same story. 126 00:06:10,520 --> 00:06:12,479 Speaker 3: It must be exactly the same for every single person 127 00:06:12,560 --> 00:06:12,960 Speaker 3: in the market. 128 00:06:13,080 --> 00:06:13,520 Speaker 2: Dare I say? 129 00:06:13,680 --> 00:06:13,880 Speaker 1: Yeah? 130 00:06:14,040 --> 00:06:17,600 Speaker 3: The previous record was actually thirty billion dollars, so to 131 00:06:17,680 --> 00:06:20,000 Speaker 3: jump to fifty three billion dollars, that's a big jump. 132 00:06:20,080 --> 00:06:22,479 Speaker 3: And we love to see it. Yeah, there are now 133 00:06:22,640 --> 00:06:27,800 Speaker 3: BECK four hundred and fifty three exchange traded products trading 134 00:06:27,920 --> 00:06:32,440 Speaker 3: on the AX and CBOE seventy one new products launched 135 00:06:32,480 --> 00:06:32,840 Speaker 3: in the year. 136 00:06:32,960 --> 00:06:34,880 Speaker 2: Are they would they be like apps or things? 137 00:06:34,920 --> 00:06:36,160 Speaker 3: No, they're just ETFs. 138 00:06:36,440 --> 00:06:36,960 Speaker 2: Oh I see. 139 00:06:37,120 --> 00:06:40,160 Speaker 3: I so brand new ETFs traded on the AX, which 140 00:06:40,200 --> 00:06:44,920 Speaker 3: is really sexy. But last year seventy one new ETF products, Yes, 141 00:06:45,760 --> 00:06:49,240 Speaker 3: became the reality. And like I say that in a 142 00:06:49,240 --> 00:06:53,880 Speaker 3: way that you're probably like, okay, cool v. Historically there 143 00:06:54,000 --> 00:06:58,000 Speaker 3: was like a handful. Yeah, like to have seventy one 144 00:06:58,279 --> 00:07:01,200 Speaker 3: new options, Like there is an option for everything. Like 145 00:07:01,320 --> 00:07:03,680 Speaker 3: if you're interested in tech, there's an ETF for that. 146 00:07:03,920 --> 00:07:08,039 Speaker 3: If you're interested in women only led boards on companies, 147 00:07:08,279 --> 00:07:10,440 Speaker 3: there is an ETF for that. You want to work 148 00:07:10,520 --> 00:07:14,440 Speaker 3: with agriculture, fantastic. You want to invest in marijuana, great, 149 00:07:14,480 --> 00:07:17,320 Speaker 3: there's an ETF for that. There's literally an ETF to 150 00:07:17,480 --> 00:07:19,200 Speaker 3: fit what you're interested in. 151 00:07:19,640 --> 00:07:22,160 Speaker 2: I love that. I really it is really exciting. It 152 00:07:22,240 --> 00:07:24,760 Speaker 2: makes it more exciting for people that don't know about shares, like, hey, 153 00:07:24,880 --> 00:07:25,720 Speaker 2: just invest in something that. 154 00:07:25,720 --> 00:07:27,840 Speaker 3: You use exactly I'm interested in So the very thing 155 00:07:27,880 --> 00:07:30,000 Speaker 3: that I have been banging on about in get These 156 00:07:30,080 --> 00:07:35,960 Speaker 3: Beck nearly a thousand episodes of the podcast Wow Insane. 157 00:07:36,160 --> 00:07:38,040 Speaker 2: It's not a niche idea anymore. 158 00:07:38,320 --> 00:07:41,080 Speaker 3: Like when I started as a financial advisor, Beck, which 159 00:07:41,200 --> 00:07:43,240 Speaker 3: was honestly, I don't want to talk about it. It's 160 00:07:43,280 --> 00:07:46,640 Speaker 3: been more than ten years now, terrifying. But when I 161 00:07:46,760 --> 00:07:50,240 Speaker 3: started as a financial advisor, there were caps on everything, 162 00:07:50,440 --> 00:07:52,360 Speaker 3: so like there were funds that I thought were really 163 00:07:52,440 --> 00:07:55,720 Speaker 3: exciting because like they had these like you know, international 164 00:07:55,880 --> 00:07:59,600 Speaker 3: tech companies that personally I couldn't afford to access because 165 00:07:59,600 --> 00:08:02,640 Speaker 3: I didn't have twenty thousand dollars to invest back. Yeah, 166 00:08:02,760 --> 00:08:05,440 Speaker 3: and that's what the caps were. And now you're telling 167 00:08:05,520 --> 00:08:07,480 Speaker 3: me that I can invest for like one cent. 168 00:08:07,880 --> 00:08:09,080 Speaker 2: I know, isn't that great? 169 00:08:09,360 --> 00:08:11,559 Speaker 3: Like the idea that you got into the share market 170 00:08:11,640 --> 00:08:15,040 Speaker 3: with ten dollars of free money, yeah, and started investing 171 00:08:15,120 --> 00:08:17,320 Speaker 3: and now have more than a thousand dollars invested as 172 00:08:17,320 --> 00:08:20,040 Speaker 3: an individual in so many different assets that aligned to 173 00:08:20,080 --> 00:08:22,760 Speaker 3: your values. Yeah that way back then, if you told 174 00:08:22,800 --> 00:08:25,240 Speaker 3: Baby Victoria, she would have been like, oh, no, that 175 00:08:25,400 --> 00:08:28,520 Speaker 3: must be a scam. That can't be real totally, Like 176 00:08:28,880 --> 00:08:31,680 Speaker 3: it's not accessible, like you have to have X amount 177 00:08:31,760 --> 00:08:33,680 Speaker 3: and like the clients that I was dealing with, would 178 00:08:33,880 --> 00:08:36,840 Speaker 3: you know, break up their portfolio over four different funds 179 00:08:36,960 --> 00:08:39,360 Speaker 3: or something, but they had one hundred grand to play with? 180 00:08:40,240 --> 00:08:41,520 Speaker 3: What unrelatable? 181 00:08:41,960 --> 00:08:42,480 Speaker 2: Totally? 182 00:08:42,840 --> 00:08:46,160 Speaker 3: We love accessibility. But people are now kind of clocking 183 00:08:46,360 --> 00:08:49,680 Speaker 3: what ETFs do, how they work, and the power of them, 184 00:08:50,120 --> 00:08:52,360 Speaker 3: and they're becoming a mainstream strategy. 185 00:08:52,600 --> 00:08:55,240 Speaker 2: Yeah that's so cool. So what were the big shifts 186 00:08:55,280 --> 00:08:57,960 Speaker 2: in how people were investing? Right, let's paint a picture 187 00:08:58,360 --> 00:09:00,679 Speaker 2: what twenty twenty five looked like. So we're going to 188 00:09:00,760 --> 00:09:02,800 Speaker 2: go back to twenty twenty four. We're living in the past. 189 00:09:02,960 --> 00:09:05,319 Speaker 3: Okay, so good at that, and we're going to talk 190 00:09:05,360 --> 00:09:09,400 Speaker 3: about how Australians were investing. So it was very concentrated 191 00:09:09,600 --> 00:09:14,400 Speaker 3: in big US or American ETFs. So funds that tracked 192 00:09:14,480 --> 00:09:16,559 Speaker 3: the S and P five hundred, which is just the 193 00:09:17,080 --> 00:09:20,120 Speaker 3: top five hundred companies in America and the Nasdaq were 194 00:09:20,200 --> 00:09:23,559 Speaker 3: really really popular. Growth was the theme, So lots of 195 00:09:23,600 --> 00:09:26,240 Speaker 3: people were investing in big tech and there was even 196 00:09:26,480 --> 00:09:30,679 Speaker 3: huge money at that point in time flowing into bitcoin ETFs, 197 00:09:30,960 --> 00:09:34,160 Speaker 3: which was called the I Shares Bitcoin Trust if you 198 00:09:34,200 --> 00:09:36,120 Speaker 3: want to look that one up on the ASX. Their 199 00:09:36,160 --> 00:09:40,240 Speaker 3: ticker code is ib it I believe, and that tells 200 00:09:40,360 --> 00:09:44,560 Speaker 3: us that in twenty twenty four, investors were really confident 201 00:09:44,640 --> 00:09:47,280 Speaker 3: with the US economy. Like if you, guys, if a 202 00:09:47,360 --> 00:09:50,480 Speaker 3: majority of people investing in ETFs are picking American, you 203 00:09:50,600 --> 00:09:54,200 Speaker 3: could probably assume that they're pretty confident with the economy 204 00:09:54,240 --> 00:09:59,240 Speaker 3: that America has. They were very confident in concentrating in 205 00:09:59,679 --> 00:10:03,319 Speaker 3: mega cap tech. So what mega cap is, It's like, 206 00:10:04,040 --> 00:10:07,600 Speaker 3: it just means big organizations. So in the investing world, 207 00:10:07,720 --> 00:10:10,960 Speaker 3: you might hear the term small caps and big caps 208 00:10:11,040 --> 00:10:13,240 Speaker 3: being thrown around you like loop, I just have a 209 00:10:13,320 --> 00:10:17,600 Speaker 3: regular sized cap on, but big is just big companies. 210 00:10:17,760 --> 00:10:20,120 Speaker 3: Small is just small companies. Got you, and a lot 211 00:10:20,200 --> 00:10:23,240 Speaker 3: of people were actually more willing to take on volatility. 212 00:10:23,320 --> 00:10:25,160 Speaker 3: They were willing to see the ups and downs of 213 00:10:25,240 --> 00:10:29,040 Speaker 3: the market for higher returns, which you know, you guys 214 00:10:29,120 --> 00:10:31,760 Speaker 3: might be as well because you're doing your risk profile 215 00:10:31,840 --> 00:10:34,160 Speaker 3: and you're a high growth or a growth investor. But 216 00:10:34,520 --> 00:10:37,760 Speaker 3: people were very confident in riding that momentum and being 217 00:10:37,840 --> 00:10:41,800 Speaker 3: able to focus on growth. Okay, let's move forward. It's 218 00:10:41,800 --> 00:10:44,839 Speaker 3: look at twenty twenty five. The biggest inflows and when 219 00:10:44,840 --> 00:10:47,120 Speaker 3: I say inflows, that just means where new money is 220 00:10:47,160 --> 00:10:51,719 Speaker 3: coming from that was shifting in the Australian market more 221 00:10:51,800 --> 00:10:56,400 Speaker 3: towards Australian broad ETFs. Okay, so you entered the market, Beck, 222 00:10:56,440 --> 00:10:58,560 Speaker 3: and I feel like this is a really good example. 223 00:10:59,280 --> 00:11:01,559 Speaker 3: You didn't go for American company first, you went for 224 00:11:01,640 --> 00:11:02,480 Speaker 3: something homegrown. 225 00:11:02,640 --> 00:11:05,040 Speaker 2: Yes, idea, we're just comfy with it, right, I was, 226 00:11:05,120 --> 00:11:07,040 Speaker 2: And I kind of like knew, like there are some 227 00:11:07,120 --> 00:11:09,400 Speaker 2: things that were more familiar, so yeah, you know, and 228 00:11:09,640 --> 00:11:11,000 Speaker 2: definitely more we did. 229 00:11:11,000 --> 00:11:14,760 Speaker 3: Have more global diversified share ETFs rather than just the US, 230 00:11:15,040 --> 00:11:19,040 Speaker 3: and more defensive options were introduced, like global bond funds, 231 00:11:19,400 --> 00:11:21,480 Speaker 3: subordinated debt funds, which I'll get too. 232 00:11:21,559 --> 00:11:22,040 Speaker 2: Don't worry. 233 00:11:22,400 --> 00:11:26,560 Speaker 3: High dividend strategies are even high interest cash ETFs. 234 00:11:27,040 --> 00:11:28,680 Speaker 2: So people were getting a little bit worried. 235 00:11:29,160 --> 00:11:32,760 Speaker 3: Yeah, but like that makes sense because like, and I 236 00:11:32,880 --> 00:11:35,640 Speaker 3: say this a lot on the podcast, mainly because it's 237 00:11:36,200 --> 00:11:39,920 Speaker 3: meme culture, mainly because we're all on social media. But 238 00:11:40,360 --> 00:11:42,079 Speaker 3: and I don't know how much I want to tick 239 00:11:42,120 --> 00:11:44,120 Speaker 3: off Trump at the moment, but like he kind of 240 00:11:44,160 --> 00:11:46,400 Speaker 3: lost his mind a little bit. Yeah, like he was 241 00:11:46,440 --> 00:11:49,840 Speaker 3: saying some pretty rash things. Yeah, we started to feel 242 00:11:49,880 --> 00:11:52,760 Speaker 3: a little less confident in the economy that he was creating. 243 00:11:53,200 --> 00:11:54,120 Speaker 2: It's not just him. 244 00:11:54,160 --> 00:11:56,880 Speaker 3: There's lots of things that go into that, right, But like, 245 00:11:57,200 --> 00:12:01,640 Speaker 3: as a really good example, he felt to be unhinged. 246 00:12:01,720 --> 00:12:05,680 Speaker 2: Yeah yeah, I mean I wouldn't trust him with my baby. 247 00:12:06,040 --> 00:12:09,120 Speaker 3: Yeah yeah, but like that's just it, right, Yes, you 248 00:12:09,240 --> 00:12:12,800 Speaker 3: can feel that uneasiness, you can feel the tension, you 249 00:12:12,880 --> 00:12:15,199 Speaker 3: can feel that like, oh this is a bit delulu, 250 00:12:15,480 --> 00:12:19,599 Speaker 3: Like this is probably a bit NQR. And that is 251 00:12:19,640 --> 00:12:22,719 Speaker 3: a completely different mood and sentiment from twenty twenty four 252 00:12:22,760 --> 00:12:26,400 Speaker 3: where people were investing in growth options. Like the feelings, 253 00:12:26,520 --> 00:12:29,199 Speaker 3: the vibes had changed, right, And like there's obviously a 254 00:12:29,280 --> 00:12:31,240 Speaker 3: lot to it, we'll get into it, but I think 255 00:12:31,320 --> 00:12:33,880 Speaker 3: that we can all agree that we understand a vibe shift. 256 00:12:34,040 --> 00:12:36,400 Speaker 3: We all agree that yeah, he was a bit unhinged 257 00:12:36,440 --> 00:12:39,360 Speaker 3: and we didn't particularly understand what he was getting up to. 258 00:12:40,000 --> 00:12:43,480 Speaker 3: But instead of doubling down on one market and us 259 00:12:43,559 --> 00:12:46,880 Speaker 3: going yeah, that's still great, let's go and having one 260 00:12:46,960 --> 00:12:49,880 Speaker 3: growth story, investors are now spreading their exposure a little 261 00:12:49,920 --> 00:12:52,280 Speaker 3: bit more broadly. Yeah, And it's because it makes us 262 00:12:52,320 --> 00:12:55,640 Speaker 3: feel a bit safer, right, Like they are thinking more 263 00:12:55,760 --> 00:13:01,280 Speaker 3: about income and diversification and preserving their capital and liquidity, 264 00:13:01,440 --> 00:13:03,800 Speaker 3: so being able to get rid of their investments asap 265 00:13:03,920 --> 00:13:05,640 Speaker 3: and have it back in cash if they wanted to. 266 00:13:06,160 --> 00:13:09,439 Speaker 3: Because we're all a little bit more anxious. Yes, and 267 00:13:09,520 --> 00:13:12,480 Speaker 3: that's okay, Yeah, that's okay, because it's an opportunity for 268 00:13:12,559 --> 00:13:16,239 Speaker 3: good investors. But I think that that story is relatable, 269 00:13:16,320 --> 00:13:19,360 Speaker 3: and it suggests that the market has moved from let's 270 00:13:19,400 --> 00:13:21,040 Speaker 3: call it aggressive optimism. 271 00:13:21,360 --> 00:13:24,080 Speaker 2: Yeah, okay, we were like, yeah, let's go hard, let's. 272 00:13:23,880 --> 00:13:27,120 Speaker 3: Go growth, like we can go up and down in 273 00:13:27,240 --> 00:13:30,960 Speaker 3: twenty twenty four, to more having a measured shift towards 274 00:13:31,000 --> 00:13:34,480 Speaker 3: building resilient portfolios and hedging our bets a little bit 275 00:13:34,559 --> 00:13:37,559 Speaker 3: and rather than chasing the hottest thing on the market 276 00:13:37,600 --> 00:13:40,240 Speaker 3: with like, but what's tried and true and tested, because 277 00:13:40,360 --> 00:13:41,960 Speaker 3: we just want consistency. 278 00:13:42,040 --> 00:13:44,080 Speaker 2: At this point, you mentioned a few types of funds 279 00:13:44,160 --> 00:13:46,679 Speaker 2: with bonds and debt in the name, and I don't 280 00:13:46,720 --> 00:13:48,439 Speaker 2: really know what they are, So can you explain what 281 00:13:48,520 --> 00:13:48,760 Speaker 2: they mean? 282 00:13:48,840 --> 00:13:49,000 Speaker 1: Yeah? 283 00:13:49,000 --> 00:13:49,880 Speaker 3: I said i'd get to them. 284 00:13:50,120 --> 00:13:52,400 Speaker 2: Thank you, is my time to shop? Amazing. 285 00:13:53,040 --> 00:13:57,120 Speaker 3: So the two top funds in the top ten inflow ETFs, 286 00:13:57,760 --> 00:14:00,920 Speaker 3: they're not actually shares at all. Okay, Yes, they're actually 287 00:14:01,000 --> 00:14:04,280 Speaker 3: about lending money and they were new additions to the 288 00:14:04,360 --> 00:14:06,959 Speaker 3: top ten inflow this year. So at now before we 289 00:14:07,080 --> 00:14:12,240 Speaker 3: have the Vanguard Global Aggregate Bond Index ETF. Easy rolls 290 00:14:12,280 --> 00:14:15,720 Speaker 3: off easy, just rolls off the time. The ASX ticker 291 00:14:15,800 --> 00:14:19,280 Speaker 3: code is VB in D. Yeah, and also will make 292 00:14:19,320 --> 00:14:21,040 Speaker 3: a fact sheet so you guys can look this up. 293 00:14:21,080 --> 00:14:23,560 Speaker 3: You don't have to write all these things down. It's okay, 294 00:14:23,760 --> 00:14:26,120 Speaker 3: well just put it down. And then at number eight 295 00:14:26,240 --> 00:14:29,560 Speaker 3: we had the Van Australian Subordinated Debt ETF. 296 00:14:29,960 --> 00:14:32,720 Speaker 2: So very it feels nice when you say that subordinated. 297 00:14:33,440 --> 00:14:37,040 Speaker 3: Yeah, it's because it feels a little bit like they're listening. Ah, 298 00:14:38,240 --> 00:14:40,960 Speaker 3: you know, like subordinate, like they're you know, under us 299 00:14:41,120 --> 00:14:42,800 Speaker 3: car but you feel strong. 300 00:14:42,920 --> 00:14:43,880 Speaker 2: Yes, I see. 301 00:14:44,320 --> 00:14:48,120 Speaker 3: But their ASX ticker code is sub D And those 302 00:14:48,160 --> 00:14:50,880 Speaker 3: are both absolute mouthfuls. Like they didn't name it like 303 00:14:50,920 --> 00:14:52,080 Speaker 3: the Happy Sunshine Fund. 304 00:14:52,440 --> 00:14:54,680 Speaker 2: They didn't make it easy for us to pay. They 305 00:14:54,720 --> 00:14:55,200 Speaker 2: were larious. 306 00:14:55,480 --> 00:14:57,640 Speaker 3: Do you know what, if you were scared of ETFs, 307 00:14:58,080 --> 00:14:59,720 Speaker 3: We're going to make you really scared of these ones 308 00:15:00,000 --> 00:15:01,720 Speaker 3: and give them complicated names totally. 309 00:15:02,040 --> 00:15:04,400 Speaker 2: It's like, hey, you don't need to make it more 310 00:15:05,200 --> 00:15:07,239 Speaker 2: what's the word I'm looking for discouraging. 311 00:15:07,480 --> 00:15:10,360 Speaker 3: Yeah, that it's adorned discouraging. But what I can tell 312 00:15:10,400 --> 00:15:13,480 Speaker 3: you with absolute certainty, and I'm sorry, Vanguard, love you, 313 00:15:13,800 --> 00:15:16,760 Speaker 3: Van Nick also love you. Those were clearly named by 314 00:15:16,840 --> 00:15:19,520 Speaker 3: medioca middle aged white men. Yeah, yeah, you just can tell. 315 00:15:19,640 --> 00:15:22,120 Speaker 3: She's got a vibe about it, a vibe about it. 316 00:15:22,280 --> 00:15:23,760 Speaker 3: Just got a vibe about it. I'm just picking up 317 00:15:23,760 --> 00:15:26,440 Speaker 3: where they're putting down. But anyway, instead of them being 318 00:15:26,720 --> 00:15:29,480 Speaker 3: like a basket of shares, like I've explained before, like 319 00:15:29,560 --> 00:15:32,480 Speaker 3: a normal ETF, when you buy a bond or a 320 00:15:32,600 --> 00:15:36,360 Speaker 3: debt fund like these, you're actually lending money and getting 321 00:15:36,400 --> 00:15:40,760 Speaker 3: paid interest on it. So Vanguard Global Aggregate Bond Index ETF, Wow, 322 00:15:41,240 --> 00:15:42,840 Speaker 3: is a basket of bonds. 323 00:15:43,080 --> 00:15:45,360 Speaker 2: Cute, It's cute. It's cute. 324 00:15:45,520 --> 00:15:46,360 Speaker 3: That's much easier. 325 00:15:46,560 --> 00:15:48,720 Speaker 2: Yes, due just said basket of bonds. 326 00:15:49,160 --> 00:15:51,800 Speaker 3: Yeah, that's a nice thing. That makes sense. But it's 327 00:15:51,800 --> 00:15:53,920 Speaker 3: a basket of bonds. And we have a whole episode 328 00:15:53,960 --> 00:15:55,440 Speaker 3: on what a bond is, how it works, and I'll 329 00:15:55,480 --> 00:15:56,920 Speaker 3: make sure that's linked in the show notes. So if 330 00:15:56,920 --> 00:15:58,760 Speaker 3: you're like, what the heck and Victoria, please just go 331 00:15:58,960 --> 00:16:02,280 Speaker 3: listen to that and basically what it does is it 332 00:16:02,440 --> 00:16:05,720 Speaker 3: lends money to governments and large companies all over the world. 333 00:16:06,040 --> 00:16:09,400 Speaker 3: It is very diversified and it even hedges for currency, 334 00:16:09,640 --> 00:16:12,320 Speaker 3: which just means that it tries to smooth out exchange 335 00:16:12,400 --> 00:16:14,120 Speaker 3: rates swings for Australian investors. 336 00:16:14,320 --> 00:16:14,840 Speaker 2: Oh cool. 337 00:16:15,240 --> 00:16:16,600 Speaker 3: So you know how like when you're going on a 338 00:16:16,640 --> 00:16:19,400 Speaker 3: holiday back you start looking up the exchange rate, Yeah, 339 00:16:19,480 --> 00:16:21,880 Speaker 3: to get the best rate, because you're like, oh, if 340 00:16:21,960 --> 00:16:24,160 Speaker 3: we buy today, maybe I'll get a few more cents 341 00:16:24,240 --> 00:16:26,720 Speaker 3: to spend in America because the exchange rate is cooked. 342 00:16:27,040 --> 00:16:28,840 Speaker 3: It basically means that you don't have to do that 343 00:16:28,960 --> 00:16:32,840 Speaker 3: and worry about the exchange rate. Great, So people buy 344 00:16:32,960 --> 00:16:36,600 Speaker 3: this stuff. So they buy the Vanguard Global Agria Bond 345 00:16:36,680 --> 00:16:40,440 Speaker 3: Index ETF to get a steady income, to reduce overall 346 00:16:40,560 --> 00:16:44,160 Speaker 3: risk in their portfolio, to balance out shares and add 347 00:16:44,240 --> 00:16:47,840 Speaker 3: stability when the market is feeling really uncertain. Okay, so 348 00:16:48,240 --> 00:16:51,480 Speaker 3: like pretty vanilla reasons, fair enough, Yeah, but a mouthful. 349 00:16:52,120 --> 00:16:53,640 Speaker 3: So it's actually not that hard. 350 00:16:54,320 --> 00:16:56,280 Speaker 2: Yeah, when you put it like that, that complex, Okay, 351 00:16:56,320 --> 00:16:58,080 Speaker 2: it doesn't need quite as long. 352 00:16:58,120 --> 00:17:00,720 Speaker 3: It didn't need to be so dramatic about it. And 353 00:17:00,800 --> 00:17:03,640 Speaker 3: then the second one is the van neck Australian subordinated 354 00:17:03,720 --> 00:17:07,240 Speaker 3: debt ETF and it actually puts money into loans made 355 00:17:07,320 --> 00:17:09,800 Speaker 3: to major Australian banks and companies. Got you. 356 00:17:10,200 --> 00:17:11,840 Speaker 2: So, if I was to take out a loan for 357 00:17:11,960 --> 00:17:14,440 Speaker 2: a house, for example, and the interest rate was like 358 00:17:14,520 --> 00:17:19,359 Speaker 2: five percent, and someone was investing in debt in this. 359 00:17:19,440 --> 00:17:21,880 Speaker 3: Suborbs, it's the money that the banks borrow to lend 360 00:17:21,920 --> 00:17:22,080 Speaker 3: to you. 361 00:17:22,200 --> 00:17:24,600 Speaker 2: That's crazy. And so maybe the interest you make on 362 00:17:24,680 --> 00:17:27,520 Speaker 2: that is like similar to the interest the person's paying. 363 00:17:27,800 --> 00:17:29,679 Speaker 3: And it makes sense as to what people are probably 364 00:17:29,720 --> 00:17:31,200 Speaker 3: a little bit interested in it right. 365 00:17:31,160 --> 00:17:35,960 Speaker 2: Now, right, yeah, good cash? Right, Yes, that's really really true. 366 00:17:35,960 --> 00:17:37,720 Speaker 3: Okay, I'm going to I'm going to look into that 367 00:17:37,880 --> 00:17:41,200 Speaker 3: basically that one, it's Australian and it makes loans to 368 00:17:41,480 --> 00:17:44,720 Speaker 3: major Australian banks and companies. But they're actually a specific 369 00:17:44,920 --> 00:17:48,040 Speaker 3: loan that pays a higher interest rate because they carry 370 00:17:48,119 --> 00:17:50,439 Speaker 3: slightly more risk than regular bonds. 371 00:17:50,600 --> 00:17:50,879 Speaker 2: Got you. 372 00:17:51,160 --> 00:17:52,960 Speaker 3: So you know there's a trade off. We have a 373 00:17:53,080 --> 00:17:55,560 Speaker 3: risk reward chart. We know that we know that the 374 00:17:55,640 --> 00:17:58,200 Speaker 3: more risk you take, more reward you could potentially get. 375 00:17:58,359 --> 00:17:59,920 Speaker 3: But you've got to carry the risk. 376 00:18:00,080 --> 00:18:03,680 Speaker 2: Sure, Okay, okay, so why are they riskier? 377 00:18:03,920 --> 00:18:07,399 Speaker 3: Okay? So subordinated debt. You said it sounds. 378 00:18:07,160 --> 00:18:08,680 Speaker 2: Sexy, does what the heck is it? 379 00:18:08,680 --> 00:18:13,680 Speaker 3: It's basically a loan that sits lower in the repayment queue. Yep, okay, 380 00:18:13,920 --> 00:18:16,320 Speaker 3: So they're not going to get to you first, you know, 381 00:18:16,400 --> 00:18:19,400 Speaker 3: I said before subordinate, like you're the boss and there's 382 00:18:19,440 --> 00:18:21,119 Speaker 3: a subordinate it's sitting below. 383 00:18:21,359 --> 00:18:21,639 Speaker 4: I see. 384 00:18:22,160 --> 00:18:25,760 Speaker 3: So you think it sounds safer, you think it sounds sexy, 385 00:18:26,160 --> 00:18:29,560 Speaker 3: but it's not as sexy. So when a company bowery 386 00:18:29,680 --> 00:18:31,960 Speaker 3: is money, there's actually like a list of who gets 387 00:18:32,000 --> 00:18:36,080 Speaker 3: paid first things go wrong. Yep, And in this case 388 00:18:36,119 --> 00:18:38,720 Speaker 3: it's not you, And that's okay. That's a risk you're 389 00:18:38,720 --> 00:18:40,919 Speaker 3: willing to take because they're paying a higher interest rate 390 00:18:40,960 --> 00:18:43,720 Speaker 3: and we like that idea. But bonds will get paid 391 00:18:43,840 --> 00:18:46,399 Speaker 3: before this type of debt gets paid out, which is 392 00:18:46,560 --> 00:18:49,680 Speaker 3: why it's a higher risk fund with the potential for 393 00:18:49,800 --> 00:18:50,560 Speaker 3: higher returns. 394 00:18:50,720 --> 00:18:51,200 Speaker 2: I see. 395 00:18:51,800 --> 00:18:53,800 Speaker 3: And it often appeals to people who are like, oh, 396 00:18:53,840 --> 00:18:56,399 Speaker 3: I want higher yield than cash or government bonds, but 397 00:18:56,480 --> 00:18:59,119 Speaker 3: I don't want to go and invest in a like 398 00:18:59,400 --> 00:19:02,479 Speaker 3: full share because there's a lot of volatility there. They 399 00:19:02,840 --> 00:19:06,439 Speaker 3: are being invested in by people who are comfortable taking 400 00:19:06,520 --> 00:19:09,080 Speaker 3: a little bit more risk for better returns. It's kind 401 00:19:09,119 --> 00:19:12,320 Speaker 3: of like saying I want more income than a basic 402 00:19:12,400 --> 00:19:15,800 Speaker 3: savings account or a safe bond fund, but I actually 403 00:19:15,920 --> 00:19:19,240 Speaker 3: just don't want the full rollercoaster of the share market. Yeah, 404 00:19:19,440 --> 00:19:22,680 Speaker 3: so it's not ultra safe. It's also not high growth. 405 00:19:22,920 --> 00:19:25,000 Speaker 3: It kind of sits in the middle for people who 406 00:19:25,359 --> 00:19:27,280 Speaker 3: want a little bit more but also don't want the 407 00:19:27,359 --> 00:19:31,159 Speaker 3: full whole hog of the share market. Sure, okay, and 408 00:19:31,200 --> 00:19:33,520 Speaker 3: then if you zoom out, yeah, I think that tells 409 00:19:33,520 --> 00:19:35,840 Speaker 3: you a lot about the market sentiment, a lot about 410 00:19:35,880 --> 00:19:38,119 Speaker 3: how we're picking up the vibe. I see a lot 411 00:19:38,160 --> 00:19:40,600 Speaker 3: about how people are a little bit anxious or not 412 00:19:40,760 --> 00:19:43,320 Speaker 3: sure about the share market and they're looking for a 413 00:19:43,600 --> 00:19:45,920 Speaker 3: middle ground option where you're like, oh, my high interest 414 00:19:45,960 --> 00:19:48,399 Speaker 3: savings account isn't really cutting it, but I'm also scared 415 00:19:48,400 --> 00:19:52,000 Speaker 3: of the share market. I think it's really interesting, even 416 00:19:52,040 --> 00:19:55,160 Speaker 3: with all the volatility that's going on, investors they didn't 417 00:19:55,240 --> 00:19:58,560 Speaker 3: leave the market. They've just been picking different options that 418 00:19:58,680 --> 00:20:01,520 Speaker 3: feel safer to them, and they are more focused on 419 00:20:01,680 --> 00:20:02,720 Speaker 3: income and stability. 420 00:20:03,240 --> 00:20:05,920 Speaker 2: I see very clever. Okay, I'm going to look into this. 421 00:20:06,000 --> 00:20:10,360 Speaker 2: It sounds kind of enticing, so, but that's not advice. 422 00:20:11,200 --> 00:20:15,040 Speaker 2: So we've covered market sentiment and how investors were behaving. 423 00:20:15,200 --> 00:20:16,720 Speaker 2: I guess you could say, but when we come back, 424 00:20:16,720 --> 00:20:18,320 Speaker 2: we're going to get into the stuff. We all want 425 00:20:18,359 --> 00:20:21,200 Speaker 2: to know what gave the highest returns, So you want 426 00:20:21,200 --> 00:20:26,960 Speaker 2: to stick around for that? I reckon, we do. Welcome 427 00:20:27,000 --> 00:20:29,880 Speaker 2: back everyone. Now that we've unpacked where the investment money 428 00:20:29,920 --> 00:20:31,560 Speaker 2: flowed in twenty twenty five, I need to ask the 429 00:20:31,640 --> 00:20:34,720 Speaker 2: question we're all dying to know, where were the biggest returns. 430 00:20:35,000 --> 00:20:37,480 Speaker 3: Oh, and this is the thing I was caveating before. Yes, 431 00:20:37,600 --> 00:20:39,560 Speaker 3: I'm like, oh, I don't really want to talk about it, 432 00:20:39,640 --> 00:20:41,320 Speaker 3: but I do want to talk about it because I 433 00:20:41,400 --> 00:20:45,040 Speaker 3: think a lot of people are like, cool, Victoria Trump 434 00:20:45,080 --> 00:20:48,520 Speaker 3: started World War three. You're in my DMS already asking 435 00:20:48,680 --> 00:20:50,399 Speaker 3: being like, what does this mean for me? Should I 436 00:20:50,440 --> 00:20:52,080 Speaker 3: be pulling all of my money out of the shell market. 437 00:20:52,119 --> 00:20:54,679 Speaker 3: The answer is no, don't do that. I've spoken before, 438 00:20:54,920 --> 00:20:56,960 Speaker 3: and I think that you guys, if you listen to 439 00:20:57,040 --> 00:20:59,920 Speaker 3: the show religiously, we'll probably remember that I've spoken to 440 00:21:00,000 --> 00:21:03,760 Speaker 3: about gold and how it dominated the money headlines last year, 441 00:21:03,840 --> 00:21:05,400 Speaker 3: Like everyone was like should I invest in gold? 442 00:21:05,480 --> 00:21:05,960 Speaker 2: What's going on? 443 00:21:06,080 --> 00:21:09,600 Speaker 3: And like gold prices absolutely surged Like if hypothetically you 444 00:21:09,680 --> 00:21:12,119 Speaker 3: were looking for an engagement ring last year, it's going 445 00:21:12,200 --> 00:21:14,119 Speaker 3: to be more expensive this year if you're buying a 446 00:21:14,160 --> 00:21:16,560 Speaker 3: gold one. Right, I see, And we might have to 447 00:21:16,640 --> 00:21:20,280 Speaker 3: do a whole deep dive into investing in metals and resources. 448 00:21:20,320 --> 00:21:22,879 Speaker 3: I reckon because we only touched on gold. Yeah for 449 00:21:22,920 --> 00:21:24,760 Speaker 3: a little bit. Like we answered the questions. There are 450 00:21:24,760 --> 00:21:26,800 Speaker 3: a few listener questions, and I feel like lots of 451 00:21:26,840 --> 00:21:30,920 Speaker 3: people side note also investing in silver recently. Yeah, okay, 452 00:21:31,440 --> 00:21:34,199 Speaker 3: Like anyway, so while a lot of the inflows were 453 00:21:34,240 --> 00:21:37,399 Speaker 3: going into broad market ETFs, bonds and even some cash, 454 00:21:37,920 --> 00:21:40,720 Speaker 3: some of the biggest returns were actually coming from precious 455 00:21:40,760 --> 00:21:42,159 Speaker 3: metals and resources. 456 00:21:42,320 --> 00:21:45,639 Speaker 2: This is making sense because my silver clay little hobby 457 00:21:45,840 --> 00:21:48,800 Speaker 2: has become very right and when people saying, oh, this 458 00:21:48,840 --> 00:21:52,159 Speaker 2: shear market doesn't impact me, Yes, the dose unfortunate hobbies 459 00:21:52,160 --> 00:21:53,480 Speaker 2: are expensive because of it. 460 00:21:53,840 --> 00:21:57,080 Speaker 3: Yeah, okay, there's going to be another year until someone 461 00:21:57,080 --> 00:21:58,560 Speaker 3: gets an engagement ring because of this. 462 00:21:58,880 --> 00:21:59,119 Speaker 2: I know. 463 00:22:00,000 --> 00:22:05,960 Speaker 3: I'm saying, yes, stop asking seriously, and that honestly mirrors 464 00:22:06,280 --> 00:22:09,040 Speaker 3: exactly what we're seeing more broadly, right, and when there's 465 00:22:09,200 --> 00:22:13,680 Speaker 3: uncertainty in our market about inflation, about interest rates, which 466 00:22:13,720 --> 00:22:16,480 Speaker 3: all I'm doing is talking to my team and to 467 00:22:16,560 --> 00:22:20,399 Speaker 3: my community and to my clients about inflation rates, rates 468 00:22:20,440 --> 00:22:24,000 Speaker 3: of growth or global growth. Investors often look for assets 469 00:22:24,080 --> 00:22:28,040 Speaker 3: that feel like a store of value. Like you love 470 00:22:28,080 --> 00:22:30,560 Speaker 3: a tangible thing. You just like to be able to 471 00:22:30,680 --> 00:22:32,800 Speaker 3: see it and touch it and like feel it. And 472 00:22:32,960 --> 00:22:35,639 Speaker 3: that's why people like property so much, because you can 473 00:22:35,720 --> 00:22:38,760 Speaker 3: see it and you go. But even if the market crashes, 474 00:22:38,840 --> 00:22:42,639 Speaker 3: I still have a house. Even if the market crashes, 475 00:22:42,680 --> 00:22:44,639 Speaker 3: I've got this bar of gold. 476 00:22:45,000 --> 00:22:46,040 Speaker 2: Yeah, very true. 477 00:22:46,040 --> 00:22:48,480 Speaker 3: That's what people feel, right, and gold tends to benefit 478 00:22:48,520 --> 00:22:51,440 Speaker 3: from that narrative, and then silver often moves alongside it 479 00:22:52,119 --> 00:22:54,600 Speaker 3: with bigger swings like their little friends. Gold and silver 480 00:22:54,720 --> 00:22:58,919 Speaker 3: go along together. And when this happens with physical precious metals, 481 00:22:59,000 --> 00:23:02,320 Speaker 3: it has like an a ripple effect into the wider market. Right, So, 482 00:23:02,480 --> 00:23:04,680 Speaker 3: I don't think it's going to come as a surprise 483 00:23:05,119 --> 00:23:08,680 Speaker 3: that the mining industry was the standout performer in global 484 00:23:08,840 --> 00:23:13,760 Speaker 3: and local markets with the beta shares Global gold Miners 485 00:23:13,840 --> 00:23:15,280 Speaker 3: currency hedged ETF. 486 00:23:16,359 --> 00:23:19,680 Speaker 2: Why do they do this to us? I know, I mean, sure, 487 00:23:19,800 --> 00:23:20,480 Speaker 2: not a little town. 488 00:23:20,600 --> 00:23:22,600 Speaker 3: But you can see where I'm going with it, right, Yeah, 489 00:23:23,119 --> 00:23:26,080 Speaker 3: it led with a one hundred and forty eight point 490 00:23:26,240 --> 00:23:29,400 Speaker 3: eighty four return during twenty twenty five. Oh my god. 491 00:23:29,760 --> 00:23:32,640 Speaker 2: Really all these things, I'm like, I wish I jumped. 492 00:23:32,359 --> 00:23:34,440 Speaker 3: On this right, And that's why we've got to be 493 00:23:34,480 --> 00:23:37,760 Speaker 3: in the market consistently. But also we can't compare ourselves, no, 494 00:23:38,240 --> 00:23:40,800 Speaker 3: because how were you to know? And also will that continue? 495 00:23:40,880 --> 00:23:41,320 Speaker 2: We don't know. 496 00:23:42,160 --> 00:23:45,400 Speaker 3: And nine out of the top ten that I'm about 497 00:23:45,440 --> 00:23:48,000 Speaker 3: to share with you, they were in this sector. Okay, 498 00:23:48,760 --> 00:23:51,879 Speaker 3: So for ETFs that focused on our local Australian shares, 499 00:23:51,960 --> 00:23:55,680 Speaker 3: Precious Medals were represented in three of our top six performers, 500 00:23:55,760 --> 00:23:57,840 Speaker 3: and the other three were from the same index, and 501 00:23:57,920 --> 00:23:59,720 Speaker 3: they were Australian small caps CTFs. 502 00:24:00,119 --> 00:24:02,240 Speaker 2: Small cap means small company. 503 00:24:02,119 --> 00:24:05,200 Speaker 3: Yeah, small cap while you're wearing a cap. Companies on 504 00:24:05,280 --> 00:24:08,200 Speaker 3: the share market are often grouped by sizes. OK, So 505 00:24:08,320 --> 00:24:10,639 Speaker 3: they'll go large caps. They're big, they're known as like 506 00:24:10,720 --> 00:24:14,359 Speaker 3: the giants. Think of like Apple, Microsoft, like big dogs, 507 00:24:14,520 --> 00:24:16,920 Speaker 3: and then think of maybe like major banks or like 508 00:24:17,119 --> 00:24:20,359 Speaker 3: really big dog mining companies. And then small caps are 509 00:24:20,440 --> 00:24:22,840 Speaker 3: smaller companies that are kind of further down on the list. 510 00:24:22,920 --> 00:24:25,320 Speaker 3: They're still listed on the stock exchange, but maybe they're 511 00:24:25,680 --> 00:24:29,040 Speaker 3: newer companies, they're earlier in the stages of growth and 512 00:24:29,080 --> 00:24:32,040 Speaker 3: they're smaller in value. Yeah, but they often grow quicker. 513 00:24:32,560 --> 00:24:35,919 Speaker 3: Oh that's kind of sexy. And because they're smaller, they 514 00:24:36,000 --> 00:24:38,159 Speaker 3: often tend to be a little bit more volatile and 515 00:24:38,280 --> 00:24:40,560 Speaker 3: then they can grow quickly, but they can also fall 516 00:24:40,640 --> 00:24:43,120 Speaker 3: much harder, sure, like they might not get funding next 517 00:24:43,240 --> 00:24:47,480 Speaker 3: round and therefore ship. But they're more sensitive in the 518 00:24:47,560 --> 00:24:51,080 Speaker 3: economic cycle, whereas you know, you see like the National 519 00:24:51,160 --> 00:24:53,640 Speaker 3: Bank of Australia, like their share price might come down, 520 00:24:53,960 --> 00:24:57,360 Speaker 3: but they're not leaving the market, like they're not going anywhere. 521 00:24:57,680 --> 00:24:58,919 Speaker 2: I see, they'll be more secure. 522 00:24:59,119 --> 00:25:01,159 Speaker 3: So when small caps are among the best performers, it 523 00:25:01,240 --> 00:25:03,800 Speaker 3: actually often suggests that investors are willing to take on 524 00:25:03,920 --> 00:25:07,680 Speaker 3: more risk in certain parts of the market. We're pretty confident, right, sure, 525 00:25:07,800 --> 00:25:11,040 Speaker 3: and it can signal optimism about domestic growth and confidence 526 00:25:11,080 --> 00:25:13,680 Speaker 3: in the economic outlook, which sounds like a complicated way 527 00:25:13,720 --> 00:25:15,360 Speaker 3: of being, like we think everything's going well. 528 00:25:16,000 --> 00:25:16,160 Speaker 4: Right. 529 00:25:16,640 --> 00:25:19,399 Speaker 3: So the twenty twenty five local market gave us a 530 00:25:19,440 --> 00:25:22,320 Speaker 3: bit of a personality spirit and I found it quite interesting. 531 00:25:22,720 --> 00:25:25,720 Speaker 3: So mine as we're doing really really well, which often 532 00:25:25,880 --> 00:25:29,400 Speaker 3: happens in uncertain environments, and then small caps were doing 533 00:25:29,680 --> 00:25:34,280 Speaker 3: really really well, which usually reflects risk appetite and growth expectations. 534 00:25:34,400 --> 00:25:38,080 Speaker 3: And I think that's a pretty interesting mix because we 535 00:25:38,240 --> 00:25:41,200 Speaker 3: kind of split, we're not all in agreean it's about 536 00:25:41,240 --> 00:25:43,359 Speaker 3: what the best thing is and what's going on in 537 00:25:43,440 --> 00:25:43,879 Speaker 3: the market. 538 00:25:44,480 --> 00:25:48,240 Speaker 2: Yes, that's very true, okay, And so I'm wondering about 539 00:25:48,280 --> 00:25:49,639 Speaker 2: like individual shares. 540 00:25:49,840 --> 00:25:51,480 Speaker 3: Yeah, and this is where it gets spicy or a 541 00:25:51,760 --> 00:25:55,640 Speaker 3: bigger interesting because while metal and resources were I guess 542 00:25:55,760 --> 00:25:59,480 Speaker 3: the theme of twenty twenty five, the standout individual share 543 00:25:59,600 --> 00:26:02,480 Speaker 3: on the AX was than a minor. It was a 544 00:26:02,600 --> 00:26:09,360 Speaker 3: company called Drone Shield. Yes, okay, and this is maybe 545 00:26:09,800 --> 00:26:13,320 Speaker 3: a little bit topical the moment. Yeah, but like their 546 00:26:13,359 --> 00:26:15,359 Speaker 3: growth had nothing to do with what's going on at 547 00:26:15,400 --> 00:26:18,439 Speaker 3: the moment in the economy, Okay, because this was all 548 00:26:18,480 --> 00:26:21,280 Speaker 3: in twenty twenty five before any of this was announced. 549 00:26:21,320 --> 00:26:23,199 Speaker 3: But if you haven't heard of them, they're in Australian 550 00:26:23,320 --> 00:26:29,480 Speaker 3: defense tech company that builds counter drone systems, so detecting 551 00:26:29,600 --> 00:26:34,160 Speaker 3: and disabling drones around military sites, airports and BEG infrastructure. Okay, 552 00:26:34,720 --> 00:26:36,320 Speaker 3: you can probably understand. 553 00:26:35,960 --> 00:26:36,439 Speaker 2: That right now. 554 00:26:36,640 --> 00:26:40,800 Speaker 3: That's pretty topical. Yeah, And it finished the year up 555 00:26:41,040 --> 00:26:44,800 Speaker 3: three hundred percent. And the share price surged sharply off 556 00:26:44,840 --> 00:26:48,720 Speaker 3: the back of a number of different major defense contract wins, 557 00:26:49,320 --> 00:26:53,800 Speaker 3: rapid revenue growth, increased global attention on counter drone technology, 558 00:26:54,160 --> 00:26:59,680 Speaker 3: and heightened geopolitical tensions, which has kind of been reiterated 559 00:26:59,720 --> 00:27:03,040 Speaker 3: with what's happened to this year? Right, Yeah, Yeah, they 560 00:27:03,160 --> 00:27:06,240 Speaker 3: weren't in a sad way. They went wrong, No, absolutely, 561 00:27:06,400 --> 00:27:08,680 Speaker 3: and they didn't need this. Yeah, and that's really sad, 562 00:27:08,840 --> 00:27:11,080 Speaker 3: but if you zoom out, it really does make sense 563 00:27:11,119 --> 00:27:14,720 Speaker 3: with everything that's happening globally, Like defense spending has been 564 00:27:14,880 --> 00:27:17,960 Speaker 3: ramping up and governments are pouring money into like lots 565 00:27:17,960 --> 00:27:20,560 Speaker 3: of security and lots of technology. So I don't think 566 00:27:20,640 --> 00:27:22,920 Speaker 3: this was random hype by any stretch for the imagination. 567 00:27:23,040 --> 00:27:24,960 Speaker 3: It was kind of all tied to a very real 568 00:27:25,240 --> 00:27:26,119 Speaker 3: increase in demand. 569 00:27:26,400 --> 00:27:31,000 Speaker 2: It's sad, but ye, but it makes it makes any sense. 570 00:27:31,280 --> 00:27:32,040 Speaker 2: It does make sense. 571 00:27:32,160 --> 00:27:35,480 Speaker 3: As women, we need to understand this and understand how 572 00:27:35,560 --> 00:27:37,879 Speaker 3: it's working and why it's working. We don't want to 573 00:27:37,920 --> 00:27:41,560 Speaker 3: go in that like personally, that's just not an investment 574 00:27:41,640 --> 00:27:44,119 Speaker 3: for me to hundred percent up all that's sexy, I know, 575 00:27:44,440 --> 00:27:46,080 Speaker 3: but like that's just not where I want to make 576 00:27:46,160 --> 00:27:46,560 Speaker 3: my money. 577 00:27:46,720 --> 00:27:49,239 Speaker 2: Yeah, it's not. It doesn't sit right. 578 00:27:49,240 --> 00:27:51,080 Speaker 3: And that's okay if you're doing that pop off. I 579 00:27:51,160 --> 00:27:53,560 Speaker 3: love that for you. Like we're all different and we 580 00:27:53,600 --> 00:27:56,879 Speaker 3: all make different decisions, but I think that, yeah, we 581 00:27:57,040 --> 00:27:59,520 Speaker 3: just need to understand it because at the end of 582 00:27:59,560 --> 00:28:01,240 Speaker 3: the day, stuff impacts you. 583 00:28:01,520 --> 00:28:02,520 Speaker 2: Yes, that's very true. 584 00:28:02,880 --> 00:28:05,040 Speaker 3: What about in the US America? 585 00:28:05,920 --> 00:28:06,560 Speaker 2: America? 586 00:28:07,240 --> 00:28:10,480 Speaker 3: Well, if you're subscribed to our newsletter, which you absolutely 587 00:28:10,520 --> 00:28:12,639 Speaker 3: should be because I share money and invest in gossip 588 00:28:12,680 --> 00:28:14,240 Speaker 3: all the time. And if you're not subscribed to, like 589 00:28:14,680 --> 00:28:16,639 Speaker 3: where are you, you'll put the link in the show notes. 590 00:28:16,800 --> 00:28:19,640 Speaker 3: It's literally free. And if you've gotten this far into 591 00:28:19,720 --> 00:28:22,200 Speaker 3: this episode and you like to hear me yap, you'll 592 00:28:22,280 --> 00:28:24,760 Speaker 3: love the newsletter. Oh yeah, but if you are, you'd 593 00:28:24,840 --> 00:28:27,200 Speaker 3: know that I spoke about how In twenty twenty five, 594 00:28:27,359 --> 00:28:31,680 Speaker 3: Navidia became the first publicly traded company to surpass five 595 00:28:32,440 --> 00:28:36,800 Speaker 3: brillion dollars in a market cap. Trially is so logic 596 00:28:36,880 --> 00:28:39,480 Speaker 3: would tell you why it's up there, But no, it 597 00:28:39,600 --> 00:28:42,640 Speaker 3: actually wasn't one of them. Sorry nvideo. But one of 598 00:28:42,720 --> 00:28:46,040 Speaker 3: the biggest percentage performers in the US market in twenty 599 00:28:46,120 --> 00:28:48,400 Speaker 3: twenty five was actually a company that most of us 600 00:28:48,480 --> 00:28:51,360 Speaker 3: have probably heard of and use their products before. It's 601 00:28:51,360 --> 00:28:53,560 Speaker 3: a bit of a throwback sand Disc. 602 00:28:54,280 --> 00:28:57,120 Speaker 2: Sandy is Sandy. What are you guys doing here? 603 00:28:57,560 --> 00:28:57,600 Speaker 1: No? 604 00:28:57,840 --> 00:29:00,360 Speaker 3: Right, You probably were like, Oh, she's going to say Apple, 605 00:29:00,880 --> 00:29:02,440 Speaker 3: I'm just going to say something. 606 00:29:02,240 --> 00:29:04,000 Speaker 2: Yeah, or maybe Temple and web Star. 607 00:29:04,840 --> 00:29:08,880 Speaker 3: Oh yeah. But the company that is responsible for all 608 00:29:08,960 --> 00:29:11,920 Speaker 3: of your SD cards, every single one of them that 609 00:29:11,960 --> 00:29:15,200 Speaker 3: I put in these cameras and in these podcast recording machines, 610 00:29:15,480 --> 00:29:17,880 Speaker 3: they also make you SB six and they had a 611 00:29:18,160 --> 00:29:18,960 Speaker 3: massive year. 612 00:29:19,160 --> 00:29:21,440 Speaker 2: Oh it's about time, sand Disc. They need to get 613 00:29:21,440 --> 00:29:24,320 Speaker 2: a lot of I feel like they we need to 614 00:29:24,400 --> 00:29:24,960 Speaker 2: hype them more. 615 00:29:25,080 --> 00:29:26,480 Speaker 3: Like I feel like I know if we need to 616 00:29:26,520 --> 00:29:30,200 Speaker 3: hype them more, because it is actually an increase of 617 00:29:30,280 --> 00:29:33,160 Speaker 3: five hundred and sixty seven percent. I think they're hyping 618 00:29:33,200 --> 00:29:35,720 Speaker 3: themselves up at this point. Honestly, it's their time to shine. 619 00:29:35,800 --> 00:29:38,520 Speaker 3: Let me come to your Christmas party for what happened? Well, 620 00:29:38,800 --> 00:29:41,240 Speaker 3: part of the story comes down to something in finance 621 00:29:41,280 --> 00:29:42,920 Speaker 3: speak called spinoff. 622 00:29:43,240 --> 00:29:44,400 Speaker 2: Oh okay, I love a spinoff. 623 00:29:44,480 --> 00:29:46,040 Speaker 3: Yeah, we'll love a spinoff. And a spin off is 624 00:29:46,160 --> 00:29:49,480 Speaker 3: basically when a larger company separates its like one of 625 00:29:49,520 --> 00:29:53,160 Speaker 3: its divisions, and turns it into its own company or 626 00:29:53,280 --> 00:29:56,080 Speaker 3: its own standalone business that is on the shere market. 627 00:29:56,160 --> 00:29:56,440 Speaker 2: Sure. 628 00:29:56,920 --> 00:30:00,480 Speaker 3: So sand Disc used to actually sit inside a bigger company, 629 00:30:00,560 --> 00:30:03,360 Speaker 3: and that bigger company was called Western Digital, and they 630 00:30:03,400 --> 00:30:06,440 Speaker 3: were trading together as one big company. And then earlier 631 00:30:06,680 --> 00:30:08,920 Speaker 3: in the year, so earlier in twenty twenty five, Western 632 00:30:09,000 --> 00:30:12,320 Speaker 3: Digital spun off sand Disc and they were like, let's 633 00:30:12,360 --> 00:30:15,360 Speaker 3: make this its own company, meaning it became its own 634 00:30:15,400 --> 00:30:18,960 Speaker 3: listed entity. So it actually wasn't on the share market 635 00:30:19,240 --> 00:30:22,600 Speaker 3: individually before this, and once it was a standalone company, 636 00:30:22,760 --> 00:30:25,600 Speaker 3: investors could go, oh my gosh, like, you know, I 637 00:30:25,720 --> 00:30:27,720 Speaker 3: wasn't that keen on Western Digital because they didn't love 638 00:30:27,760 --> 00:30:30,320 Speaker 3: everything they did, But I love a SD card or USB. 639 00:30:31,000 --> 00:30:35,440 Speaker 3: They could go and invest in it individually. But investors 640 00:30:35,640 --> 00:30:39,080 Speaker 3: weren't investing in the company that just makes SD cards. 641 00:30:39,360 --> 00:30:41,760 Speaker 3: They were investing in a company sitting right in the 642 00:30:41,800 --> 00:30:45,280 Speaker 3: middle of a data explosion. Oh so, like everything is 643 00:30:45,360 --> 00:30:48,000 Speaker 3: crazy at the moment when it comes to data and 644 00:30:48,160 --> 00:30:51,120 Speaker 3: needing to save data because we know that AI is 645 00:30:51,280 --> 00:30:53,760 Speaker 3: taking off. You got to save that stuff otherwise it 646 00:30:53,800 --> 00:30:58,240 Speaker 3: has no memory. Right, every single AI model being trained, 647 00:30:58,320 --> 00:31:01,320 Speaker 3: every single cloud service that is expanding at the moment, 648 00:31:01,400 --> 00:31:04,800 Speaker 3: and every single new data center that's being built needs 649 00:31:04,880 --> 00:31:08,320 Speaker 3: somewhere to save their data to live. Where's their data 650 00:31:08,360 --> 00:31:10,960 Speaker 3: going to live? And sand Disk is a flash memory 651 00:31:11,000 --> 00:31:14,480 Speaker 3: and storage business, so when demand for data explodes, the 652 00:31:14,600 --> 00:31:17,600 Speaker 3: need to store it also explodes, and then that demand 653 00:31:17,720 --> 00:31:19,800 Speaker 3: directly flows through companies like them. 654 00:31:20,000 --> 00:31:22,360 Speaker 2: Oh my god, this feels like a Robbie Williams situation. 655 00:31:22,480 --> 00:31:26,720 Speaker 3: It's kind of fun. I love Robbie Williams. We're so old. 656 00:31:27,200 --> 00:31:29,960 Speaker 2: No, this is incredible, and it. 657 00:31:30,000 --> 00:31:32,880 Speaker 3: Was something that we spoke about historically in our Investing 658 00:31:32,960 --> 00:31:35,959 Speaker 3: in Tech and AI episode which I'm obviously also going 659 00:31:36,000 --> 00:31:37,400 Speaker 3: to link in the show notes if you missed it. 660 00:31:38,240 --> 00:31:41,680 Speaker 3: And at the time of recording this particular episode, it 661 00:31:41,840 --> 00:31:44,200 Speaker 3: was up a massive twelve hundred and fifty percent in 662 00:31:44,240 --> 00:31:46,040 Speaker 3: the last twelve months. So I think it's going to 663 00:31:46,080 --> 00:31:48,360 Speaker 3: be super interesting to see what's going to go on 664 00:31:48,520 --> 00:31:50,760 Speaker 3: with this stock in twenty twenty six. Can it actually 665 00:31:51,240 --> 00:31:53,240 Speaker 3: continue with that growth or is it going to be 666 00:31:53,440 --> 00:31:55,600 Speaker 3: a little bit, you know, nuanced, Is it going to 667 00:31:55,680 --> 00:31:58,080 Speaker 3: like drop down? Who knows? I don't know, but it 668 00:31:58,280 --> 00:32:00,840 Speaker 3: just I think it's a super interesting thing to look into. 669 00:32:01,160 --> 00:32:02,280 Speaker 2: That's this is insane. 670 00:32:02,320 --> 00:32:04,440 Speaker 3: How do people even hear about this stuff, someone probably 671 00:32:04,560 --> 00:32:06,800 Speaker 3: kind of thought, oh, actually, this is probably a good 672 00:32:06,840 --> 00:32:09,520 Speaker 3: one because they've started looking into it and started putting 673 00:32:09,520 --> 00:32:12,440 Speaker 3: their thinking cap on. But personally, I don't have the 674 00:32:12,520 --> 00:32:14,840 Speaker 3: capacity to do that. So that's why I never invest 675 00:32:14,960 --> 00:32:19,080 Speaker 3: in anymore in individual If you guys can hear Campbell 676 00:32:19,200 --> 00:32:22,280 Speaker 3: has maybe joined the recording and doesn't know how to 677 00:32:22,360 --> 00:32:25,400 Speaker 3: be quiet, and it's a squeaky, squeaky newborn, I. 678 00:32:25,480 --> 00:32:29,240 Speaker 2: Mean, needs to talk about shares baby so cute. 679 00:32:29,680 --> 00:32:32,120 Speaker 3: So it'll be super interesting to see where I guess 680 00:32:32,280 --> 00:32:35,120 Speaker 3: that goes in the next year, Like will it be 681 00:32:35,320 --> 00:32:38,520 Speaker 3: consistent or will it be different? Like is there going 682 00:32:38,600 --> 00:32:41,360 Speaker 3: to be a market competitor that rises to like kind 683 00:32:41,400 --> 00:32:42,120 Speaker 3: of rival them. 684 00:32:43,320 --> 00:32:44,720 Speaker 2: It will be interesting to see what happens in the 685 00:32:44,880 --> 00:32:47,480 Speaker 2: entire market in twenty twenty six. Dare I say, before 686 00:32:47,520 --> 00:32:49,280 Speaker 2: we wrap up, are there any final thoughts? Who want 687 00:32:49,280 --> 00:32:49,760 Speaker 2: to leave us with? 688 00:32:50,560 --> 00:32:53,880 Speaker 3: I think twenty twenty five told us something really important. Yeah. Firstly, 689 00:32:54,000 --> 00:32:56,560 Speaker 3: Victoria Devine can conceal an entire pregnancy. 690 00:32:56,720 --> 00:32:57,360 Speaker 2: Yes, that's one. 691 00:32:57,520 --> 00:33:00,320 Speaker 3: It is pretty good. But also that the average investor 692 00:33:00,400 --> 00:33:02,720 Speaker 3: wasn't trying to pick the next winner. They were trying 693 00:33:02,720 --> 00:33:06,960 Speaker 3: to build a really secure portfolio that could hopefully survive 694 00:33:07,080 --> 00:33:10,200 Speaker 3: whatever twenty twenty six throws at them. Yeah, because while 695 00:33:10,240 --> 00:33:12,560 Speaker 3: it's really fun to look at, I guess three hundred 696 00:33:12,640 --> 00:33:16,680 Speaker 3: percent return and five hundred percent return purely for the gossip, 697 00:33:17,000 --> 00:33:20,160 Speaker 3: those are exceptions, Like you can't predict that, because otherwise 698 00:33:20,160 --> 00:33:22,560 Speaker 3: I'd be so rich. Beck Oh yeah, And I guess 699 00:33:22,640 --> 00:33:24,920 Speaker 3: this is why you hear me always banging on about 700 00:33:24,960 --> 00:33:29,120 Speaker 3: the same things like be consistent, diversify your portfolio, and 701 00:33:29,240 --> 00:33:31,960 Speaker 3: all the boring stuff, because girl, you can't predict it. 702 00:33:32,440 --> 00:33:35,760 Speaker 3: And the best investment strategy is actually just building something 703 00:33:35,840 --> 00:33:38,960 Speaker 3: that will work in the years where gold thrives, or 704 00:33:39,000 --> 00:33:41,320 Speaker 3: in the years where tech is incredible, or in the 705 00:33:41,400 --> 00:33:44,600 Speaker 3: years where sand disk absolutely blew it out of the water, 706 00:33:44,880 --> 00:33:46,760 Speaker 3: or even in the years where we've got a lot 707 00:33:46,800 --> 00:33:51,560 Speaker 3: of political uncertainty, because you can't predict what's gonna thrive 708 00:33:51,840 --> 00:33:54,800 Speaker 3: and not survive in the years to come. Like, let's 709 00:33:54,840 --> 00:33:58,280 Speaker 3: just make something sustainable, And the best investment strategy is 710 00:33:58,360 --> 00:34:02,120 Speaker 3: just building something canstan And the data actually backs this up. 711 00:34:02,240 --> 00:34:06,680 Speaker 3: So more Australians than ever are choosing ETFs, and they're 712 00:34:06,720 --> 00:34:09,680 Speaker 3: adding bonds and thinking about income and they're thinking about 713 00:34:09,719 --> 00:34:13,239 Speaker 3: the resilience of their portfolio. They're not chasing what's coming 714 00:34:13,280 --> 00:34:17,040 Speaker 3: in hot because that's yeah, I feel like that's my 715 00:34:17,160 --> 00:34:17,960 Speaker 3: favorite type. 716 00:34:17,760 --> 00:34:20,320 Speaker 2: Of investing story. From twenty twenty five, We're all just 717 00:34:20,480 --> 00:34:24,920 Speaker 2: becoming basic. Bitch, very very very well said, what a 718 00:34:25,000 --> 00:34:27,439 Speaker 2: perfect place to leave it. I've learned so much personally today. 719 00:34:27,480 --> 00:34:29,799 Speaker 2: And if you have to, don't forget to subscribe. We've 720 00:34:29,800 --> 00:34:31,720 Speaker 2: got more investing episodes on the way. 721 00:34:31,719 --> 00:34:35,080 Speaker 3: And obviously if you cannot wait for our next investing episode, 722 00:34:35,160 --> 00:34:37,880 Speaker 3: we actually have a whole investing hub on our website 723 00:34:38,040 --> 00:34:42,560 Speaker 3: where you will find free investing freebies, courses, and investment 724 00:34:42,640 --> 00:34:45,120 Speaker 3: episodes all in one place, all at the same time, 725 00:34:45,239 --> 00:34:46,759 Speaker 3: So we'll link that in the show notes for you 726 00:34:46,880 --> 00:34:47,279 Speaker 3: as well. 727 00:34:47,719 --> 00:34:50,280 Speaker 2: We'll see you guys on Friday. By guys bye. 728 00:34:55,800 --> 00:34:58,360 Speaker 4: The advice shared on Cheese on the Money is generally 729 00:34:58,560 --> 00:35:02,320 Speaker 4: nature and does not consider your individual circumstances. She's on 730 00:35:02,400 --> 00:35:05,800 Speaker 4: the Money exists purely for educational purposes and should not 731 00:35:05,960 --> 00:35:08,920 Speaker 4: be relied upon to make an investment or financial decision. 732 00:35:09,320 --> 00:35:11,759 Speaker 4: If you do choose to buy a financial product, read 733 00:35:11,800 --> 00:35:15,040 Speaker 4: the PDS TMD and obtain appropriate financial. 734 00:35:14,719 --> 00:35:16,480 Speaker 3: Advice tailored towards your needs. 735 00:35:16,880 --> 00:35:20,760 Speaker 4: Victoria divine and she's on the money. Are authorized representatives 736 00:35:20,840 --> 00:35:24,920 Speaker 4: of money Sherper pty Ltd ABN three two one six 737 00:35:25,040 --> 00:35:28,879 Speaker 4: four nine two seven seven zero eight AFSL four five 738 00:35:29,000 --> 00:35:30,200 Speaker 4: one two eight nine