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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: for millennials who want financial freedom. Welcome back to another

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Speaker 2: one of our Friday Drinks episodes where we get to

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Speaker 2: celebrate the money wins from our She's on the Money community.

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Speaker 2: There are as always so many great wins and confessions

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Speaker 2: that are shared in our community each and every single day.

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Speaker 2: And Tony, Jess and I have spent a very big

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Speaker 2: part of our week this week talking about all the

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Speaker 2: things you guys have been up to, So today we

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Speaker 2: get to expand on that. Before we do that, let's

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Speaker 2: recap really quickly on what the She's on the Money

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Speaker 2: pods were about this week. Tony, what did we do

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Speaker 2: on our Monday money Diary?

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Speaker 3: Our money diarist this week talked about how she grew

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Speaker 3: up with lots of money in her family and then

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Speaker 3: her mum and stepdad split up and kind of went

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Speaker 3: from having lots of money to having no money and

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Speaker 3: there being lots of negative talk about money in her family,

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Speaker 3: and she had a family friend whose parents did really,

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Speaker 3: really well and she kind of got a bit of

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Speaker 3: inspiration from them and thought, how do I make my

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Speaker 3: life like this, how do I become successful? And saved

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Speaker 3: her butt off, worked really really hard and now is

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Speaker 3: earning six figures. She doesn't have a degree and she's

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Speaker 3: got investment properties and yeah, she's like fully turned her

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Speaker 3: life around. It was a really inspirational one.

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Speaker 2: I loved this one, as I do all of our

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Speaker 2: money diaries, but I genuinely felt after this Money Diarist

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Speaker 2: I'd made a new best friend. I was like, oh

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Speaker 2: my gosh, we are going to be best friends when

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Speaker 2: you're in Melbourne. Let us know so we can go

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Speaker 2: out for drinks. But I think that's my favorite thing

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Speaker 2: about the money Diaries. You kind of got. It's like

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Speaker 2: a hard and fast relationship, toty, Like you've gone out

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Speaker 2: on this speed day and they've told you everything about

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Speaker 2: their life in the first hour, and then you're like, well,

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Speaker 2: I guess we're married now. So you just instantly feel

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Speaker 2: so connected with the money diarists, and I don't know,

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Speaker 2: it feels really special to have that relationship.

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Speaker 3: Yeah, it's like a brand new friendship straight away, which

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Speaker 3: is great because it makes us feel super super connected

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Speaker 3: and it's so lovely that people want to share their stories,

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Speaker 3: but also like we get to revel in their achievements

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Speaker 3: as well, even though we didn't really have anything else

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Speaker 3: so we had.

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Speaker 2: Nothing to do with them, and we just get cool friends,

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Speaker 2: which I love, and I just feel like we've got

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Speaker 2: this amazing little community of people that we are so

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Speaker 2: connected with. In fact, completely off topic, I actually did

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Speaker 2: an interview earlier this week and I was saying that,

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Speaker 2: you know, our community genuinely feels like they're my friends.

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Speaker 2: And I know that sounds really strange, but if someone

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Speaker 2: slides into my DMS and wants to share our money

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Speaker 2: win or a confession with me, I immediately just assume

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Speaker 2: it's because we're, you know, in the community, and that's

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Speaker 2: what the community does. And I was trying to reflect

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Speaker 2: on why that much be the case, like how come

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Speaker 2: do I just assume that these people are my friends,

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Speaker 2: even though you know, other people might be like, oh,

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Speaker 2: they're followers, they're just from your podcast, Like why are

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Speaker 2: you so interested? And I'm like, well, it's because everybody's

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Speaker 2: come from somewhere and you to manage our Facebook group

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Speaker 2: and every day we have people joining the community, and

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Speaker 2: nine times out of ten you can see how they've

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Speaker 2: come to our community. And it's actually because their friends

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Speaker 2: have added them, or their cousins have recommended them, or

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Speaker 2: their steps sister has done something to add them to

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Speaker 2: the group, and you kind of just go, oh, like,

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Speaker 2: I know you might not know me, but we're friends

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Speaker 2: by extension, because like your friends are my friends, and

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Speaker 2: it kind of is just like this seven degrees of

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Speaker 2: separation in a way from the original She's on the

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Speaker 2: money group, because it's just compounded. It's not like someone

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Speaker 2: just listened to the pod and joined the group. And

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Speaker 2: you know, even if that's the way you found us,

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Speaker 2: like that's epic, but it just feels like you're in

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Speaker 2: my little inner circle, even though maybe that's not true

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Speaker 2: because there's like two hundred thousand of you.

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Speaker 3: No, I think it's true. I think you can climb

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Speaker 3: that and you can say, yeah, two hundred thousand of

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Speaker 3: my closest friends.

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Speaker 2: But you're just immediately And I don't know if you

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Speaker 2: guys do this either. And maybe I'm just in the

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Speaker 2: really lucky position that people DM my personal page. I

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Speaker 2: just feel really lucky that people trust me so instantly

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Speaker 2: with their stories or want to share a win with

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Speaker 2: me because they know I'm just is excited about it,

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Speaker 2: like it's just cool stuff and I just really really

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Speaker 2: like it. But you know what else, I like our

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Speaker 2: Wednesday Deep Dive episode, Jess, what happened on this Wednesday's episode?

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Speaker 4: This Wednesday was a fun one. It was a little

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Speaker 4: bit different. You and g did a Q and A,

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Speaker 4: so we put a call out to the community asking

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Speaker 4: for questions and we got so many, So let us

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Speaker 4: know if you enjoyed that episode and maybe if we

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Speaker 4: should do a part two. But we had a heap

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Speaker 4: of questions that you went through and just answering some

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Speaker 4: really fun different things. Obviously, we get so many great

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Speaker 4: suggestions for episodes, and we try our best to make

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Speaker 4: sure that when there's something that's really commonly asked for

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Speaker 4: that we prioritize addressing that. And there's just so many

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Speaker 4: things in the finance world that we could and we'll

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Speaker 4: talk about. But it was really cool to be able

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Speaker 4: to go through and just like answer some more specific

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Speaker 4: questions that we saw people were really liking or asking

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Speaker 4: really frequently.

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Speaker 2: And if I'm being really selfish, Jess, I really liked

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Speaker 2: that episode. It was super fun because Georgia had collected

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Speaker 2: a number of questions from the community and it was

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Speaker 2: like just really quick fire, and I felt like we

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Speaker 2: could give a lot of value in a short amount

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Speaker 2: of time instead of just tackling one topic in an episode.

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Speaker 2: It was like, all right, well, this is my advice

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Speaker 2: on this, and this is what I do here, and

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Speaker 2: this is what this means. And it was just it

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Speaker 2: was one of those things where it's like getting into

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Speaker 2: a conversation with friends about money. It was just a

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Speaker 2: whole heap of fun. So yes, if you want more

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Speaker 2: of those, I'm absolutely keen for it. But moving on,

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Speaker 2: you guys might have noticed our best friend Ryan John

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Speaker 2: is working his little butt off today so hasn't been

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Speaker 2: able to join us to record our Friday Drinks episode.

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Speaker 2: So Tony, do you think you have feet big enough

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Speaker 2: to fill those shoes?

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Speaker 3: I'm taking the helm and it feels weird. I don't

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Speaker 3: know how I'm going to go, So please direct any

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Speaker 3: feedback to Victoria Divine. I know that all two hundred

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Speaker 3: thousand of you are very good friends of her. Feedback

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Speaker 3: past straight onto, but I'll do my best, do my

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Speaker 3: dandas all.

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Speaker 2: Right, I believe what have you got to share with

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Speaker 2: us today?

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Speaker 3: All right, Alicia says that I've finished my ten thousand

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Speaker 3: dollars money challenge after only starting at the beginning of

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Speaker 3: the year. She's crazy exciting. Yeah at the.

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Speaker 2: Beginning of the year. Ten grand it's not even twelve months.

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Speaker 3: Mate, Calm down, I know. And it's going to go

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Speaker 3: towards traveling or a new car if she can't travel

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Speaker 3: when she finishes UNI next year, she's she's studying as well.

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Speaker 2: God, it's so scary that we're thinking that way. Or

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Speaker 2: if I can travel at the end of next year.

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Speaker 2: Oh remember when we used to book trips more than

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Speaker 2: a year in advance, go on to those days.

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Speaker 3: Well, I actually need to renew my passport at the moment,

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Speaker 3: and I'm like, what's the point in spending three hundred

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Speaker 3: dollars on this when I'm not going to do with.

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Speaker 2: Them because there's so much more paperwork to do if

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Speaker 2: you let it completelyire. That's why I'm going to be

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Speaker 2: paying for mine. But yeah, mine is going to expire

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Speaker 2: at the end of this year and I really need

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Speaker 2: to redo it. But yeah, I just don't want it

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Speaker 2: to expire because you have to get out your birth

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Speaker 2: certificate and stuff, and that is that is an ADM nightmare.

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Speaker 2: I'm not willing to engage with.

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Speaker 4: We always get a lot of questions whenever we share

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Speaker 4: on our stories photos of the saving tax. So we

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Speaker 4: have four different saving tacks one thousand, two thousand, five hundred,

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Speaker 4: five thousand, and ten thousand. They are available on our website.

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Speaker 4: If you go to Shoes on the Money dot com

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Speaker 4: dot a you and click on freebies and there's those

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Speaker 4: and a bunch of other cool resources you can check out.

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Speaker 3: Nikki says money win. Her shares went up. Love that,

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Speaker 3: which is very cool.

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Speaker 2: That is a money win as always, but we also

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Speaker 2: need to normalize them going up and down over their

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Speaker 2: life cycle. But at the same time, share going up.

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Speaker 2: Great money win. We can celebrate. We can celebrate each

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Speaker 2: other kind of win. I am here for.

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Speaker 3: Tessa says money win. This week was finding three hundred

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Speaker 3: ninety nine dollar pants that she's been obsessing over for

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Speaker 3: weeks in an op sharp water in her size for

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Speaker 3: twelve dollars.

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Speaker 2: Oh, that is it. That is a very good money whin.

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Speaker 3: That never happened.

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Speaker 2: Four hundred dollar pants for twelve bucks. You weren't even

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Speaker 2: going to get it for that on sale?

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Speaker 1: She manifested it.

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Speaker 2: Oh, yeah, she probably she did.

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Speaker 3: She was probably like dear Jess playing on side of

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Speaker 3: her bed to.

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Speaker 4: God a Facebook.

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Speaker 2: Yeah, so today we're praying to the god of Facebook.

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Speaker 2: Jess would really like a crystal please mark sucker Bird.

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Speaker 2: We flip this for a second. What kind of person

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Speaker 2: buys new season four hundred dollar pants? And then it's

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Speaker 2: just like, ah, I just sent them to the op shop,

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Speaker 2: Like who are you? Can I have your money diary

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Speaker 2: because you're throwing money away.

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Speaker 3: I don't want your money diary. I just want your money.

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Speaker 3: You obviously have enough of it.

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Speaker 2: I want to hear it. I want all the pervy details,

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Speaker 2: like how can you afford to put for her undred

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Speaker 2: dollar pants in the opshop bin? Like what? Like? I

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Speaker 2: know it's good and it goes to charity, but like

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Speaker 2: you really could have sold them on Facebook marketplace for

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Speaker 2: half the price and donated it to charity together.

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Speaker 3: You donated that anyway?

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Speaker 2: Yeah, exactly twelve dollars. They didn't know what they had.

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Speaker 3: I know. Another one for Jess. Nicholas says, I've been

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Speaker 3: looking at designer bags just boil myself around four thousand dollars,

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Speaker 3: which was definitely out of my budget, but found a

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Speaker 3: Vesachi Couture bag on deep Hop which retails for three

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Speaker 3: forty and got it for one fifty. Why gosh, that's

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Speaker 3: so pretty decent.

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Speaker 2: And that is a really good compromise as well. I

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Speaker 2: mean a four thousand dollars handbag. I'm not gonna argue

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Speaker 2: with you if that is in line with your values

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Speaker 2: and you go, no, v, that's exactly what I want. Nope,

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Speaker 2: I want you to get that, and I want you

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Speaker 2: to be really happy with it. But if you're like, oh,

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Speaker 2: it's just because they want a really nice handbag, she

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Speaker 2: went and found something that was within her budget and

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Speaker 2: within her values, and I love that. I want to

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Speaker 2: see a picture of the bag, though, oh, I'll ask

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Speaker 2: want to see a picture of the bag.

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Speaker 3: Says that she didn't realize that Dodo were charging her twice.

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Speaker 3: They didn't cancel an account when she moved in January,

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Speaker 3: and they said too bad, so sad. She argued with them.

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Speaker 3: They offered half back. She said, no, I have a

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Speaker 3: right to a full refund because the other Internet I

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Speaker 3: couldn't even access it. I've only been accessing one Internet.

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Speaker 3: And they finally gave in. They agreed to a full refund,

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Speaker 3: so six hundred and seventy five dollars back in her

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Speaker 3: pocket and seventy five dollars less per month going forward.

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Speaker 4: But no, the audacity of that company to say, hey,

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Speaker 4: where really sorry week of our mistake. Yeah, to say, hey,

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Speaker 4: we're really sorry that we stuffed up. You're just going

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Speaker 4: to have to deal with that that No, no, no,

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Speaker 4: no no. I am so glad that she did the

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Speaker 4: right thing. She got her Karen on. Sometimes it's okay

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Speaker 4: because she absolutely deserved that money back. It would be

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Speaker 4: unacceptable for them to try and do otherwise.

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Speaker 2: Don't know, your service is not so nice. I want

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Speaker 2: to pay twice hard.

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Speaker 3: No, it's very funny.

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Speaker 2: Funny, I'm funny, guys.

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Speaker 3: Congratulations else, let's.

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Speaker 2: Move on before anybody notices.

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Speaker 3: All right, Piper says, I've been searching for ages for

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Speaker 3: a cute white sneaker that won't cost an armor a leg,

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Speaker 3: you know that, uh huh. Went into Target to buy

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Speaker 3: a budget pair and actually found a feeler pair with

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Speaker 3: a clear and sticker of twenty five dollars down from sixty.

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Speaker 3: Flicked the tag over, it was further discounted to seventeen

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Speaker 3: dollars so far money Win took them to the cash

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Speaker 3: register and they were eleven dollars. So she actually ended

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Speaker 3: up saving forty eight dollars and got a trainy pair

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Speaker 3: of sneaks.

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Speaker 2: Oh how cute. I love that. I love that she

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Speaker 2: was trying to do the right thing and was rewarded

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Speaker 2: for it.

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Speaker 3: Uh huh, it's the manifestation, it is.

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Speaker 4: And white sneaks go with everything they do, go with everything.

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Speaker 3: They elevate every single look. I will fight anybody that

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Speaker 3: disagrees with me.

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Speaker 2: Follow along for Tony sashion Tip said she's on the

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Speaker 2: money aus.

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Speaker 3: And the very last one last, Adriana says, my loose

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Speaker 3: leaf spinach wouldn't register on the scales at Woollies because

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Speaker 3: it wasn't heavy enough, So the attendant said, just take it.

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Speaker 2: I love when people do that. It's not even your

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Speaker 2: money to make that decision on it.

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Speaker 3: But there way, I can't deal with that.

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Speaker 2: Just got Tony. You used to work in a deli?

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Speaker 2: Did you ever do stuff like that? No?

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Speaker 3: I was the annoying person that was like, I will

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Speaker 3: weigh that before I give it to your child. You

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Speaker 3: have to pay for it. You can't have it for free.

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Speaker 2: Oh my gosh. So you wouldn't even give kids free

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Speaker 2: twiggy sticks.

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Speaker 3: No, nothing, I would weigh it and give them a

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Speaker 3: sticker and make them pay for it. I'm sorry, I

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Speaker 3: like big corporating.

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Speaker 2: Sorry Wallies, Tony was an employee you really should have

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Speaker 2: kept hold of.

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Speaker 3: I was saving the money.

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Speaker 2: Yeah you were, You weren't. Would you do it again?

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Speaker 3: One hundred percent?

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Speaker 2: That's disappointing. All right, Tony and Jess we are back,

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Speaker 2: and a couple of weeks ago we did an episode

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Speaker 2: on how to start saving and investing for kids and

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Speaker 2: teaching them the way, and an article came out on

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Speaker 2: news dot com dot Au. Not to blow my own trumpet,

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Speaker 2: but I had an article come out on news dot

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Speaker 2: com dot.

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Speaker 3: Au this week. Hang on, was this just an excuse

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Speaker 3: for you to bring up an article about yourself? You

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Speaker 3: don't really have any information?

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Speaker 2: No, no, no, I just wanted to talk about myself again.

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Speaker 2: But it actually wasn't my article that I wanted to

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Speaker 2: talk about. It was an article from somebody called Sarah Sharples,

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Speaker 2: who if she wants to work for us and do

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Speaker 2: some copywriting, please slide it into my DMS because I

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Speaker 2: did enjoy this article. But it was about some research

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Speaker 2: behind how many kids in Australia are actually investing already,

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Speaker 2: and I was super surprised at the statistics and would

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Speaker 2: love to know what you guys think, because I was

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Speaker 2: shocked and thought it would be more. But I don't

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Speaker 2: know what you guys think. So essentially, a survey was

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Speaker 2: done to see how many kids are investing and it

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Speaker 2: found that seven percent of children under the age of

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Speaker 2: twelve shared trading account in their name, and that is

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Speaker 2: the equivalent of about two hundred and seventy thousand Australian

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Speaker 2: kids who were investing in the stock market.

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Speaker 4: That's you said you thought.

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Speaker 2: It would be more.

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Speaker 4: That sounds like heaps.

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Speaker 2: I thought it would be more, would be way less.

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Speaker 4: Yeah, I'm with Tony, So.

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Speaker 2: I thought it would be more in terms of numbers,

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Speaker 2: maybe because I know nothing about how to calculate populations.

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Speaker 2: Seven percent feels right, but two hundred and seventy thousand

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Speaker 2: kids just it felt like there would be more kids.

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Speaker 2: But when you tell me it's that's actually seven percent

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Speaker 2: of kids under twelve, I'm like, oh, okay, Like that's

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Speaker 2: that's pretty close to ten percent. We could round that up.

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Speaker 2: Financial adviser would absolutely round up.

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Speaker 3: So is that parents opening it for children and investing

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Speaker 3: on their behalf or is that kids being like not

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Speaker 3: having put this into the ass.

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Speaker 2: That you do need a guardian to actually do that.

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Speaker 2: It is kids who have an account in their name,

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Speaker 2: not necessarily they're whacking out their iPhone and do some

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Speaker 2: trades like're on the stocks. Yeah no, no, no, we're

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Speaker 2: not making share trades at two. But it was also

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Speaker 2: really interesting because obviously seven percent, I think is a

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Speaker 2: lot of kids under the age of twelve investing. But

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Speaker 2: the same survey found that two percent of kids under

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Speaker 2: twelve had a cryptocurrency account in their name. Really, two

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Speaker 2: percent of kids under twelve doing crypto. This is a

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Speaker 2: slippery slope moment.

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Speaker 3: Do you think it's because it's in vogue at the moment,

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Speaker 3: So their mum or dad have been like, yeah, we

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Speaker 3: saw it online, we bought some, will pop some in

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Speaker 3: the kid's name as well, like.

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Speaker 2: It must be I just didn't think. And I guess

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Speaker 2: as a financial advisor who doesn't like crypto, and I'm

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Speaker 2: happy to say that crypto to me is not something

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Speaker 2: that is long term. So I am genuinely surprised to

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Speaker 2: think that parents are like, oh, this is such a

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Speaker 2: good long term investment, Whereas you know, a diversified ETF

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Speaker 2: exposing you to the top two hundred companies in Australia

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Speaker 2: to me, would be a little bit more akin to

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Speaker 2: longevity I suppose over the long term, especially if you're investing.

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Speaker 2: But I think that two percent of kids investing in crypto,

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Speaker 2: like it's along the right track. But it makes me

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Speaker 2: wonder how many parents are opening this and what type

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Speaker 2: of parents are opening this, and it makes me dive

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Speaker 2: into the idea around you know how I always talk

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Speaker 2: about risk profile and like what that actually means, because

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Speaker 2: recently I've been having a lot of chats about crypto

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Speaker 2: and who owns it and what's going on with a

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Speaker 2: number of our community members because I'm trying to just

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Speaker 2: like learn a bit more about what you guys really

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Speaker 2: want me to talk about and how to educate in

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Speaker 2: a I guess, more relatable way. And I was super

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Speaker 2: surprised to find that there are a number of people

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Speaker 2: in our community who were happy to buy crypto or

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Speaker 2: some kind of cryptocurrency, but we're not happy to invest

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Speaker 2: on the Australian share market sure, And I'm always taken

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Speaker 2: aback by that because as an ADVISORL like my base

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00:16:57,400 --> 00:17:00,280
Speaker 2: is risk and whether you're willing to take on risk,

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00:17:00,440 --> 00:17:04,119
Speaker 2: and for me, risk is mitigated with time. There's a

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Speaker 2: really great chart by Vanguard that shows you the performance

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00:17:07,240 --> 00:17:10,720
Speaker 2: of all asset classes in Australia over time and how

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Speaker 2: they've performed. And if you look at that chart, it

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Speaker 2: actually shows you that over thirty year periods or even

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00:17:17,200 --> 00:17:20,879
Speaker 2: over ten year periods, it's the same. Nobody's ever lost

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00:17:20,960 --> 00:17:24,159
Speaker 2: money if they stay invested for the long term. So

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Speaker 2: for me, that's a pretty like that's pretty solid evidence.

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00:17:27,480 --> 00:17:31,000
Speaker 2: That's pretty solid past performance. And as a financial advisor,

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Speaker 2: I should say past performance is not a reliable predict

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Speaker 2: or a future performance Tony, but it's something where I'm like, well,

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Speaker 2: that's tried and true. Like, you know, if you're investing

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Speaker 2: for thirty plus years, which I'm assuming you would be

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00:17:42,200 --> 00:17:45,320
Speaker 2: doing and would have that intention when you're investing for kids,

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00:17:45,800 --> 00:17:48,360
Speaker 2: crypto hasn't even existed for that long, and we've never

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00:17:48,400 --> 00:17:50,440
Speaker 2: been able to say there's a certain period of time

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00:17:50,440 --> 00:17:52,639
Speaker 2: that you can invest in crypto and not lose money.

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Speaker 2: So for me, I'm like, wow, like why are you

382
00:17:55,000 --> 00:17:57,240
Speaker 2: thinking this way? Like where is this come from? So

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00:17:57,280 --> 00:18:01,119
Speaker 2: I guess I've got some more research to do. Around money, mindset,

384
00:18:01,160 --> 00:18:04,679
Speaker 2: and emotional investing because so many people were willing to

385
00:18:04,760 --> 00:18:07,840
Speaker 2: invest in crypto but not the stock market. But the

386
00:18:07,880 --> 00:18:11,240
Speaker 2: stock market over time has been proven but crypto hasn't.

387
00:18:11,280 --> 00:18:13,640
Speaker 2: So I feel a little bit like this plays into

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00:18:13,680 --> 00:18:16,359
Speaker 2: herd mentality, which I actually talk a lot about with

389
00:18:16,440 --> 00:18:20,000
Speaker 2: my clients, is that crypto has been talked about in

390
00:18:20,040 --> 00:18:23,240
Speaker 2: abundance right all over the media. Our friends are talking

391
00:18:23,280 --> 00:18:25,200
Speaker 2: about it. I have no doubt you guys have friends

392
00:18:25,200 --> 00:18:27,399
Speaker 2: who have been like, oh I bought bitcoin or I

393
00:18:27,440 --> 00:18:30,480
Speaker 2: bought dogecoin, like they've done something with crypto. So you

394
00:18:30,560 --> 00:18:34,159
Speaker 2: kind of get interested and you lose that idea of

395
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Speaker 2: what risk actually means because the concept has been so

396
00:18:37,480 --> 00:18:39,679
Speaker 2: normalized that you're like, oh, it's fine, my friends are

397
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Speaker 2: doing it, no problems.

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Speaker 3: I think as well, everybody is interested in a get

399
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Speaker 3: rich quick scheme and we.

400
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Speaker 2: Should start MLM.

401
00:18:48,040 --> 00:18:51,879
Speaker 3: Honestly, you only ever hear the winners, right, Yeah, And

402
00:18:51,920 --> 00:18:55,040
Speaker 3: so you heard everybody saying, oh, I bought bitcoin or

403
00:18:55,080 --> 00:18:57,199
Speaker 3: I had some and then I sold it for fifty

404
00:18:57,240 --> 00:18:59,560
Speaker 3: thousand dollars, and everyone's like, oh, well, I'm gonna buy

405
00:18:59,560 --> 00:19:01,600
Speaker 3: it now because I want fifty thousand dollars and then

406
00:19:01,640 --> 00:19:04,000
Speaker 3: all like that's what takes off. And we were just

407
00:19:04,080 --> 00:19:07,200
Speaker 3: talking before we started recording about the impact that like

408
00:19:07,240 --> 00:19:11,280
Speaker 3: the media can have over what stocks do, and especially

409
00:19:11,320 --> 00:19:15,280
Speaker 3: bitcoin and other cryptocurrencies because they're so in vogue and

410
00:19:15,320 --> 00:19:17,119
Speaker 3: it's been in vogue for you know, the past five

411
00:19:17,240 --> 00:19:20,320
Speaker 3: or six years. That's what people are interested.

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Speaker 2: Just find it so pervy, I suppose why they are

413
00:19:24,040 --> 00:19:27,639
Speaker 2: trusting the purchase of that asset but won't go and

414
00:19:27,960 --> 00:19:30,520
Speaker 2: invest in the share market or you know, download our friends'

415
00:19:30,520 --> 00:19:33,680
Speaker 2: shares is and start picking things that they feel passionate about.

416
00:19:33,720 --> 00:19:36,360
Speaker 2: They're like, that's too much. But crypto was easy, even

417
00:19:36,400 --> 00:19:38,640
Speaker 2: though it's a bigger hurdle in something for me as

418
00:19:38,680 --> 00:19:42,400
Speaker 2: an advisor that is far harder to swallow. And Yeah,

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00:19:42,440 --> 00:19:44,800
Speaker 2: what you're talking about, Tony is the conversation we're having

420
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Speaker 2: before this episode. And I was telling you guys about

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Speaker 2: how there's actually been a crypto plunge in the last

422
00:19:51,280 --> 00:19:55,359
Speaker 2: week or so because Bitcoin and ethereum, that both of

423
00:19:55,400 --> 00:19:59,240
Speaker 2: their prices have absolutely gone through the floor because Beijing

424
00:19:59,480 --> 00:20:02,480
Speaker 2: a shoot US statement that essentially said that it will

425
00:20:02,480 --> 00:20:04,760
Speaker 2: be the end of cryptocurrencies in China because they don't

426
00:20:04,760 --> 00:20:10,200
Speaker 2: want them in China and you go, oh, like that decision. Obviously,

427
00:20:10,240 --> 00:20:13,560
Speaker 2: bitcoin is international, and China is one country, obviously an

428
00:20:13,600 --> 00:20:16,800
Speaker 2: incredibly impactful one when it comes to the economy, but

429
00:20:16,920 --> 00:20:19,679
Speaker 2: you look at it and you go, oh, them making

430
00:20:19,720 --> 00:20:23,280
Speaker 2: that decision has plunged it through the floor. Whereas if

431
00:20:23,320 --> 00:20:25,960
Speaker 2: the same thing had happened in Australia and a decision

432
00:20:26,000 --> 00:20:28,640
Speaker 2: was made about a stock, the same type of response

433
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Speaker 2: wouldn't have happened. So it just it's just real pervy

434
00:20:32,359 --> 00:20:35,480
Speaker 2: and really interesting and I like talking about this stuff,

435
00:20:35,520 --> 00:20:37,200
Speaker 2: so thank you for coming to my TED talk.

436
00:20:37,359 --> 00:20:39,560
Speaker 3: Yeah, I think it'll be interesting to see the impacts

437
00:20:39,600 --> 00:20:42,280
Speaker 3: of it over a longer period as well. Just another

438
00:20:42,359 --> 00:20:47,879
Speaker 3: really interesting point, the environmental impacts of cryptocurrency over the

439
00:20:47,880 --> 00:20:50,440
Speaker 3: long term as well, like the amount of energy needed

440
00:20:50,480 --> 00:20:54,600
Speaker 3: to mind tomord. Actually, yeah, is really interesting and we

441
00:20:54,640 --> 00:20:55,920
Speaker 3: won't go into it because we.

442
00:20:55,840 --> 00:20:59,320
Speaker 2: Can do a whole episode Tony on bitcoin or on

443
00:20:59,520 --> 00:21:03,800
Speaker 2: crypto and actually seeks not necessarily how you buy it,

444
00:21:03,880 --> 00:21:08,160
Speaker 2: but like bitcoin and cryptocurrencies are mined and people set

445
00:21:08,240 --> 00:21:12,000
Speaker 2: up these elaborate computer systems to mind these and if

446
00:21:12,040 --> 00:21:16,119
Speaker 2: you are interested in environment and ethical investing, there's a

447
00:21:16,119 --> 00:21:17,600
Speaker 2: lot of conversation to have there.

448
00:21:18,200 --> 00:21:21,520
Speaker 3: It's very unethical in terms of the environmental impacts.

449
00:21:21,960 --> 00:21:25,800
Speaker 4: Speaking of like fun marketing update type things is did

450
00:21:25,800 --> 00:21:29,560
Speaker 4: anybody see that on Thursday Oliplex went onto the market.

451
00:21:29,680 --> 00:21:33,879
Speaker 2: Yes, they had their very first IPO, which, as a

452
00:21:34,040 --> 00:21:38,439
Speaker 2: very keen hair eccentric person, very happy with it. I

453
00:21:38,480 --> 00:21:41,120
Speaker 2: love my Oliplex and I love that I now own

454
00:21:41,200 --> 00:21:41,840
Speaker 2: shares in it.

455
00:21:42,400 --> 00:21:45,560
Speaker 4: I was so excited when it went up because I

456
00:21:45,640 --> 00:21:47,439
Speaker 4: also am like a user of it and I love it,

457
00:21:47,440 --> 00:21:49,240
Speaker 4: and I feel like that's always a fun thing, you know,

458
00:21:49,320 --> 00:21:51,600
Speaker 4: to sometimes purchase shares in a product that you actually

459
00:21:51,600 --> 00:21:54,720
Speaker 4: really enjoy. But there's also a really interesting like background

460
00:21:54,760 --> 00:21:58,359
Speaker 4: on it because Oliplex as a company has actually seen

461
00:21:58,400 --> 00:22:01,240
Speaker 4: like a lot of really great successes over the past

462
00:22:01,280 --> 00:22:03,399
Speaker 4: few years. And I will start this off by saying

463
00:22:03,440 --> 00:22:05,840
Speaker 4: this is not advice. I am not saying about by oliplex.

464
00:22:05,880 --> 00:22:06,680
Speaker 4: We don't do that here.

465
00:22:07,440 --> 00:22:09,920
Speaker 2: But it was like we did by Oliplex here though,

466
00:22:09,960 --> 00:22:13,160
Speaker 2: But we are talking about the performance of a company

467
00:22:13,200 --> 00:22:15,320
Speaker 2: because it's really important. And do you know what, I'm

468
00:22:15,359 --> 00:22:18,520
Speaker 2: so excited, like I cannot like to preface this conversation.

469
00:22:18,920 --> 00:22:22,240
Speaker 2: I cannot believe Jess that you joined us last December,

470
00:22:22,359 --> 00:22:24,440
Speaker 2: had no idea how to invest, and now you're telling

471
00:22:24,480 --> 00:22:26,840
Speaker 2: me about the performance of a company because you have

472
00:22:26,960 --> 00:22:30,360
Speaker 2: selected one of their IPO assets to purchase, Like, what,

473
00:22:30,520 --> 00:22:32,480
Speaker 2: who are you? Look at that growth?

474
00:22:33,119 --> 00:22:39,840
Speaker 4: We love some character developments. So they actually had ninety

475
00:22:40,000 --> 00:22:43,480
Speaker 4: percent net sales growth from twenty nineteen to twenty twenty,

476
00:22:43,520 --> 00:22:47,120
Speaker 4: which is ninety percent is astronomical to me.

477
00:22:47,200 --> 00:22:48,160
Speaker 3: At least soft hair.

478
00:22:48,400 --> 00:22:51,879
Speaker 4: That is some luscious hair. But in addition to that,

479
00:22:52,040 --> 00:22:53,879
Speaker 4: there's also some really great things, like I know that

480
00:22:53,880 --> 00:22:55,879
Speaker 4: they're the number one haircare brand. It's Sophora.

481
00:22:56,200 --> 00:22:59,879
Speaker 2: They are. They also have a twenty twenty adjusted gross

482
00:23:00,119 --> 00:23:04,600
Speaker 2: margin of eighty two percent, which is massive, which I

483
00:23:04,640 --> 00:23:06,600
Speaker 2: think it's really important to look at stuff like that.

484
00:23:06,640 --> 00:23:08,120
Speaker 2: And I know that I guess we're being a little

485
00:23:08,119 --> 00:23:10,000
Speaker 2: bit more technical on shares, and over the next couple

486
00:23:10,040 --> 00:23:11,760
Speaker 2: of months, hopefully I can get a little bit more

487
00:23:11,760 --> 00:23:15,199
Speaker 2: technical on shares and what that actually means. Because oliplex

488
00:23:15,280 --> 00:23:19,480
Speaker 2: is cool because I use it, but also it's cool

489
00:23:19,520 --> 00:23:23,480
Speaker 2: because like looking into a company and understanding why you're

490
00:23:23,480 --> 00:23:26,280
Speaker 2: purchasing it is even cooler, like and I know a

491
00:23:26,320 --> 00:23:28,480
Speaker 2: couple of years ago, maybe Jess, you would be like, oh,

492
00:23:28,560 --> 00:23:31,560
Speaker 2: it'd be cool to own shares in a haircare company

493
00:23:31,560 --> 00:23:34,080
Speaker 2: that I use, Whereas now you're like, okay, cool. So

494
00:23:34,119 --> 00:23:36,359
Speaker 2: I looked at that and your report and this is

495
00:23:36,359 --> 00:23:38,960
Speaker 2: what I've learned, and that's literally what you're spitting back

496
00:23:39,000 --> 00:23:40,639
Speaker 2: at us, and that's just real cool.

497
00:23:41,119 --> 00:23:44,200
Speaker 4: It's really fun and even just on like a less

498
00:23:44,280 --> 00:23:47,560
Speaker 4: technical I suppose measurement, not that you shouldn't be using

499
00:23:47,560 --> 00:23:49,679
Speaker 4: technical measurements, but if you go through their Instagram and

500
00:23:49,680 --> 00:23:52,040
Speaker 4: go to their tagged photos, they're tagged in a photo

501
00:23:52,160 --> 00:23:55,159
Speaker 4: literally like once an hour at a minimum, often like

502
00:23:55,320 --> 00:23:58,280
Speaker 4: several times more than that, Like so crazy, and I

503
00:23:58,680 --> 00:24:00,560
Speaker 4: just a fun, little cool thing I thought was really

504
00:24:00,600 --> 00:24:02,119
Speaker 4: interesting because it's something that I was like, oh, like

505
00:24:02,240 --> 00:24:05,840
Speaker 4: that's something that I want to purchase shares in, and yeah,

506
00:24:05,920 --> 00:24:06,679
Speaker 4: we'd love to see it.

507
00:24:07,119 --> 00:24:09,600
Speaker 2: I'm really excited that you now know what you're talking

508
00:24:09,640 --> 00:24:12,360
Speaker 2: about and what you're looking for, and that it's not

509
00:24:12,480 --> 00:24:15,440
Speaker 2: just personal interest. It's like, Okay, I've got a personal interest,

510
00:24:15,680 --> 00:24:17,960
Speaker 2: but I know what i'm looking for. Or I'm really

511
00:24:17,960 --> 00:24:20,200
Speaker 2: impressed with their numbers and this is why I'm making

512
00:24:20,240 --> 00:24:22,520
Speaker 2: that decision, and that's what I want to see from

513
00:24:22,520 --> 00:24:24,800
Speaker 2: our community because I see you know, back to what

514
00:24:24,800 --> 00:24:27,680
Speaker 2: we're talking about before with crypto, a lot of people

515
00:24:27,760 --> 00:24:30,399
Speaker 2: will tell you that they bought crypto because they're friended

516
00:24:30,600 --> 00:24:33,639
Speaker 2: or someone told them it was really good, whereas you

517
00:24:33,720 --> 00:24:36,240
Speaker 2: actually need to do your own research on whatever it is.

518
00:24:36,280 --> 00:24:38,040
Speaker 2: And it might not just be Oliplex, it could be

519
00:24:38,080 --> 00:24:40,680
Speaker 2: any business. But I want you to know why you're

520
00:24:40,680 --> 00:24:45,159
Speaker 2: buying a certain asset class, whether it is BHP, whether

521
00:24:45,200 --> 00:24:48,680
Speaker 2: it is Woolies or Cohal's, Like, why are you choosing

522
00:24:48,720 --> 00:24:52,360
Speaker 2: these assets in particular, not just oh I heard they

523
00:24:52,400 --> 00:24:53,080
Speaker 2: were good to.

524
00:24:53,119 --> 00:24:56,359
Speaker 3: Buy so or I know the name exactly.

525
00:24:56,480 --> 00:24:59,359
Speaker 2: And the reason for that, obviously is because of performance

526
00:24:59,400 --> 00:25:01,760
Speaker 2: and obviously because we want to be comfortable with what

527
00:25:01,800 --> 00:25:05,320
Speaker 2: we're purchasing. But furthering that, there are going to be

528
00:25:05,400 --> 00:25:09,320
Speaker 2: times where Olaplex's share price decreases and you'll look at

529
00:25:09,320 --> 00:25:11,879
Speaker 2: your portfolio Jess, and you'll be a little bit behind

530
00:25:11,920 --> 00:25:15,560
Speaker 2: from where you started. You go, oh damn, But deep

531
00:25:15,600 --> 00:25:18,240
Speaker 2: down you know why you still hold them because you've

532
00:25:18,280 --> 00:25:21,040
Speaker 2: already valued that company to yourself. You're already like yep,

533
00:25:21,080 --> 00:25:23,359
Speaker 2: that you're not. Their share price might be down, but

534
00:25:23,359 --> 00:25:26,080
Speaker 2: their turnover is good, their business is good. They are

535
00:25:26,119 --> 00:25:28,240
Speaker 2: the number one in their category. They are this, they

536
00:25:28,240 --> 00:25:31,000
Speaker 2: are that, they are the other, and to you, you're go, yeah,

537
00:25:31,000 --> 00:25:32,600
Speaker 2: I say that the share price is down, but I'm

538
00:25:32,640 --> 00:25:35,600
Speaker 2: not worried about that because I have a basis for

539
00:25:35,720 --> 00:25:38,760
Speaker 2: investment as opposed to oh I bought it because my

540
00:25:38,800 --> 00:25:41,280
Speaker 2: friend did. Now it's off, and oh I don't like.

541
00:25:41,359 --> 00:25:43,920
Speaker 3: That, so and I might as well sell it exactly.

542
00:25:44,040 --> 00:25:47,919
Speaker 2: So we're making educated decisions based on our interests, but

543
00:25:48,080 --> 00:25:51,080
Speaker 2: also really validating those in addition. And I think that

544
00:25:51,080 --> 00:25:53,199
Speaker 2: that's a really good example of that, and I'm grateful

545
00:25:53,240 --> 00:25:54,280
Speaker 2: you brought it up, Jessica.

546
00:25:54,440 --> 00:25:55,760
Speaker 4: We love an educated queen.

547
00:25:56,119 --> 00:25:59,639
Speaker 2: We do. Did you just call yourself an educated queen? Tony?

548
00:26:00,080 --> 00:26:00,639
Speaker 3: Stand by it?

549
00:26:02,240 --> 00:26:03,560
Speaker 2: I definitely do too.

550
00:26:04,520 --> 00:26:06,480
Speaker 3: Also, Guys, I know that we're running out of time,

551
00:26:06,520 --> 00:26:08,800
Speaker 3: but I did really want to mention something else that's

552
00:26:08,840 --> 00:26:12,360
Speaker 3: gone off in our group this week and off.

553
00:26:12,200 --> 00:26:16,199
Speaker 2: In my emails. Tony, I have been contacted a number

554
00:26:16,240 --> 00:26:18,399
Speaker 2: of times over what you're about to say.

555
00:26:19,600 --> 00:26:22,760
Speaker 3: So Spaceship, which for anybody that doesn't know, is a

556
00:26:22,760 --> 00:26:27,679
Speaker 3: micro investing platform in Australia, have just introduced monthly fees,

557
00:26:27,960 --> 00:26:31,639
Speaker 3: so it went from being free and now on portfolios

558
00:26:31,680 --> 00:26:34,600
Speaker 3: with balances over one hundred dollars, it's two dollars fifty

559
00:26:34,640 --> 00:26:36,720
Speaker 3: a month or thirty dollars a year.

560
00:26:37,080 --> 00:26:40,120
Speaker 2: Yeah, from the start of November, so from the first

561
00:26:40,160 --> 00:26:43,479
Speaker 2: of November twenty twenty one, they're introducing fees, which is

562
00:26:43,800 --> 00:26:46,720
Speaker 2: totally fine. And you know what I think I said,

563
00:26:46,840 --> 00:26:49,440
Speaker 2: and I don't I'm not willing to go through the content.

564
00:26:49,800 --> 00:26:52,199
Speaker 2: I think I said on a podcast once that I

565
00:26:52,359 --> 00:26:58,240
Speaker 2: guarantee that Spaceship's free investing won't last because when you're

566
00:26:58,280 --> 00:27:01,000
Speaker 2: a brand, you're investing platform, the point is getting you

567
00:27:01,040 --> 00:27:02,800
Speaker 2: guys on the platform, and you've got to have a

568
00:27:02,840 --> 00:27:05,200
Speaker 2: really good carrot on a really good stick for people

569
00:27:05,240 --> 00:27:08,159
Speaker 2: to jump on board, especially when it comes to investing.

570
00:27:08,560 --> 00:27:12,000
Speaker 2: That now they're introducing a fee that I think is

571
00:27:12,200 --> 00:27:14,080
Speaker 2: you know, it's a nominal fee. It's going to make

572
00:27:14,440 --> 00:27:16,320
Speaker 2: it's going to mean that they can turn a profit

573
00:27:16,359 --> 00:27:19,080
Speaker 2: and then they can actually keep investing in the business.

574
00:27:19,119 --> 00:27:22,159
Speaker 2: And I think it's really good, but it is something

575
00:27:22,160 --> 00:27:24,480
Speaker 2: that you need to consider because if you only have

576
00:27:24,560 --> 00:27:28,480
Speaker 2: one hundred dollars on the platform, two dollars fifty, that's

577
00:27:28,720 --> 00:27:32,399
Speaker 2: so much money to be paying your investment fees. So

578
00:27:32,480 --> 00:27:34,879
Speaker 2: you really need to think hard about whether that is

579
00:27:34,920 --> 00:27:37,000
Speaker 2: worth it or not. And I've said before as well,

580
00:27:37,080 --> 00:27:41,800
Speaker 2: I adore micro investing platforms because they go beyond just investing. Right, So, Tony,

581
00:27:42,119 --> 00:27:43,879
Speaker 2: even if you only had a couple of one hundred

582
00:27:43,920 --> 00:27:47,119
Speaker 2: dollars on Spaceship, I still think that fee is potentially

583
00:27:47,200 --> 00:27:50,119
Speaker 2: worth it because you are investing, you're able to actually

584
00:27:50,119 --> 00:27:53,439
Speaker 2: follow the markets, and you're getting financial education through that

585
00:27:53,480 --> 00:27:56,080
Speaker 2: platform as well. You're getting exposure to the market without

586
00:27:56,080 --> 00:27:59,080
Speaker 2: putting up your life savings. Right, So I think we

587
00:27:59,160 --> 00:28:02,080
Speaker 2: need to quantify what this fee means in addition, not

588
00:28:02,119 --> 00:28:04,680
Speaker 2: go oh my gosh, I can't believe they're introducing it,

589
00:28:04,880 --> 00:28:07,080
Speaker 2: but more like, oh great, Like how cool is it

590
00:28:07,119 --> 00:28:09,000
Speaker 2: that these businesses at a point where it can start

591
00:28:09,000 --> 00:28:12,439
Speaker 2: turning a profit from their customers and they can actually start,

592
00:28:12,520 --> 00:28:15,640
Speaker 2: you know, providing that value. And I am an investor

593
00:28:15,640 --> 00:28:17,840
Speaker 2: on Spaceship, as I am on Rays and as I

594
00:28:17,880 --> 00:28:21,160
Speaker 2: am on Charesi's and also Superhero like I have them

595
00:28:21,160 --> 00:28:22,880
Speaker 2: all because I want to make sure that I'm using

596
00:28:22,880 --> 00:28:25,200
Speaker 2: all the platforms that everyone in our community is talking about,

597
00:28:25,200 --> 00:28:27,840
Speaker 2: because how silly would that be if I wasn't. But

598
00:28:27,960 --> 00:28:30,280
Speaker 2: it's one of those things where I'm like, oh, cool,

599
00:28:30,440 --> 00:28:32,920
Speaker 2: Like they are charging a fee, but that's worth it.

600
00:28:33,240 --> 00:28:35,680
Speaker 2: So for me, Yeah, it's interesting because a lot of

601
00:28:35,720 --> 00:28:38,600
Speaker 2: people are blowing up about, you know, being a bit

602
00:28:38,720 --> 00:28:42,160
Speaker 2: frustrated that there's now fees on their free investing platform.

603
00:28:42,200 --> 00:28:44,480
Speaker 2: But like, we got a pretty good run of free

604
00:28:44,520 --> 00:28:47,440
Speaker 2: investing for a while from these guys, Like and two

605
00:28:47,440 --> 00:28:49,680
Speaker 2: dollars fifty to invest at the end of the day,

606
00:28:50,000 --> 00:28:53,240
Speaker 2: that's pretty good. It's also tax deductible, my friends.

607
00:28:53,680 --> 00:28:56,600
Speaker 3: Oh okay, they put that in the fine print, don't they.

608
00:28:56,800 --> 00:28:58,680
Speaker 2: I don't even know if I mentioned it. But at

609
00:28:58,680 --> 00:29:00,840
Speaker 2: the end of the day, it's a cost of investing

610
00:29:00,920 --> 00:29:05,040
Speaker 2: and therefore it's a taxable deduction. So definitely mentioned that

611
00:29:05,080 --> 00:29:07,720
Speaker 2: one to your accountant guys come June thirty next year.

612
00:29:07,880 --> 00:29:10,000
Speaker 4: And the thing is, like, the really cool thing about

613
00:29:10,040 --> 00:29:12,400
Speaker 4: living right now is that there are so many great

614
00:29:12,400 --> 00:29:14,880
Speaker 4: platforms out there. And if that two dollars fifty is

615
00:29:14,920 --> 00:29:17,280
Speaker 4: something that's really taxing, if you have a lower amount,

616
00:29:17,360 --> 00:29:19,160
Speaker 4: or if it's just money that you don't want to spend,

617
00:29:19,400 --> 00:29:21,680
Speaker 4: have a look at other platforms. Do you research Different

618
00:29:21,680 --> 00:29:24,760
Speaker 4: platforms have different fees and different offerings and That's why

619
00:29:24,800 --> 00:29:26,560
Speaker 4: we talk about so many different ones here on the

620
00:29:26,560 --> 00:29:29,320
Speaker 4: show is because you know there's no one size fits all.

621
00:29:29,360 --> 00:29:32,520
Speaker 4: So if that fee is something chasing, you don't be

622
00:29:32,560 --> 00:29:34,479
Speaker 4: afraid to have a look and maybe go elsewhere if

623
00:29:34,480 --> 00:29:36,000
Speaker 4: that's what suits your needs.

624
00:29:35,840 --> 00:29:38,440
Speaker 2: Absolutely and just actually de bounce off that. We've been

625
00:29:38,480 --> 00:29:40,760
Speaker 2: asked in the community before, like oh, why are you

626
00:29:40,840 --> 00:29:44,440
Speaker 2: talking about Spaceship and shares and six Park And that's

627
00:29:44,480 --> 00:29:48,040
Speaker 2: the reason because they are all good investment platforms that

628
00:29:48,080 --> 00:29:50,480
Speaker 2: we have vetted. I like, we're vetted as a team,

629
00:29:50,520 --> 00:29:52,720
Speaker 2: I've vetted as a financial advisor, and I go, okay, cool,

630
00:29:52,760 --> 00:29:55,720
Speaker 2: someone picks that it's not a bad option. It is

631
00:29:55,760 --> 00:29:58,120
Speaker 2: a really good option. And obviously they're all friends of

632
00:29:58,200 --> 00:30:00,440
Speaker 2: the show, but they all bring different things to them table.

633
00:30:00,720 --> 00:30:02,959
Speaker 2: They all have access to different things. And that's what

634
00:30:03,000 --> 00:30:05,400
Speaker 2: we say when we say do your research. It's not

635
00:30:05,600 --> 00:30:08,960
Speaker 2: just go with someone who's sponsoring the show. It's go

636
00:30:09,240 --> 00:30:11,480
Speaker 2: and look at what they've got on offer. And I

637
00:30:11,520 --> 00:30:13,680
Speaker 2: mean the benefit of knowing it's come from the Shees

638
00:30:13,720 --> 00:30:15,360
Speaker 2: on the Money community is that we're vetted at and

639
00:30:15,440 --> 00:30:18,440
Speaker 2: we would personally be comfortable investing in that if that

640
00:30:18,640 --> 00:30:21,000
Speaker 2: was something that we wanted to do, but I think

641
00:30:21,040 --> 00:30:23,960
Speaker 2: it's really important to actually just step back and go, yeah, okay,

642
00:30:24,400 --> 00:30:26,800
Speaker 2: like what do I want out of this? And maybe

643
00:30:26,840 --> 00:30:29,520
Speaker 2: before even looking at platforms, go what am I trying

644
00:30:29,520 --> 00:30:31,640
Speaker 2: to achieve? This is this long term? Do I want

645
00:30:31,680 --> 00:30:34,360
Speaker 2: some advice associated with it? In which case you're probably

646
00:30:34,360 --> 00:30:36,400
Speaker 2: going to go down a six park route. Whereas if

647
00:30:36,440 --> 00:30:38,280
Speaker 2: you don't want advice and you just want to do

648
00:30:38,400 --> 00:30:41,960
Speaker 2: DIY stuff like maybe a sharesis or a superhero is

649
00:30:42,000 --> 00:30:43,640
Speaker 2: something that you're going to look at because you can

650
00:30:43,640 --> 00:30:46,920
Speaker 2: buy individual shares, or if you just want like an

651
00:30:46,920 --> 00:30:49,920
Speaker 2: ETA for like a fund that you put money into,

652
00:30:50,200 --> 00:30:52,520
Speaker 2: maybe a raiser a spaceship is more akin to what

653
00:30:52,640 --> 00:30:55,800
Speaker 2: you're after. So there is different things for different people.

654
00:30:55,840 --> 00:30:58,960
Speaker 2: But again there's just not one size fits all. Unfortunately,

655
00:30:59,160 --> 00:30:59,920
Speaker 2: be cool if they're well.

656
00:31:00,560 --> 00:31:02,640
Speaker 4: People are so different though, like it's never gonna happen,

657
00:31:02,680 --> 00:31:03,840
Speaker 4: It's not possible, So.

658
00:31:03,840 --> 00:31:06,000
Speaker 2: I just mitigate that risk by having them all jess,

659
00:31:06,360 --> 00:31:07,160
Speaker 2: So yeah.

660
00:31:07,600 --> 00:31:08,120
Speaker 4: I win.

661
00:31:09,600 --> 00:31:11,840
Speaker 2: Anyway with that. E As always, I think that is

662
00:31:11,880 --> 00:31:14,760
Speaker 2: all we have time for, guys. So just before we

663
00:31:14,840 --> 00:31:17,600
Speaker 2: head off, we'd like to acknowledge and pay respect to

664
00:31:17,640 --> 00:31:21,720
Speaker 2: Australia's Aboriginal and torrest Rate islander peoples. They're the traditional

665
00:31:21,760 --> 00:31:25,360
Speaker 2: custodians at the lands, the waterways and the skies all

666
00:31:25,400 --> 00:31:28,640
Speaker 2: across Australia. We thank you for sharing and for caring

667
00:31:28,680 --> 00:31:30,840
Speaker 2: for the land on which we are able to learn.

668
00:31:31,160 --> 00:31:33,800
Speaker 2: We pay our respects to elders past and present, and

669
00:31:33,840 --> 00:31:36,400
Speaker 2: we share our friendship and our kindness.

670
00:31:36,680 --> 00:31:38,959
Speaker 3: The advice shared on shees on the Money is generally

671
00:31:39,080 --> 00:31:42,680
Speaker 3: nature and does not consider your individual circumstances. She's on

672
00:31:42,760 --> 00:31:45,760
Speaker 3: the Money exists purely for educational purposes and should not

673
00:31:45,840 --> 00:31:48,840
Speaker 3: be relied upon to make an investment or any financial decision.

674
00:31:49,320 --> 00:31:52,560
Speaker 3: And we promise that Victorian Divine is an authorized representative

675
00:31:52,600 --> 00:31:56,560
Speaker 3: of Australia Pacific Funds Management Proprietarily Limited ABM three four

676
00:31:56,600 --> 00:31:59,560
Speaker 3: one three two four six three two five seven AFSL

677
00:31:59,600 --> 00:32:00,880
Speaker 3: three three nine month five.

678
00:32:01,280 --> 00:32:10,160
Speaker 2: See you next week, guys. Bye mm hmm