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Speaker 1: Hello.

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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the

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Speaker 2: Order KERNI Whoalbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 1: Hello, and welcome to She's on the Money, the podcat

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Speaker 1: pass for millennials who want financial freedom. My name is

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Speaker 1: Beckside and with us is the one and only Victoria Divine.

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Speaker 4: You did not sound excited today. You sound like bear.

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Speaker 4: I don't want to be here. I don't want to

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Speaker 4: talk about this. Victoria's used the word portfolio over now.

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Speaker 1: I know, so you can tell that I've checked out

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Speaker 1: of this one.

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Speaker 4: Yeah, you're already.

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Speaker 1: We can make it fun.

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Speaker 4: Investing is literally my favorite topic in the entire world.

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Speaker 4: I don't know how to reiterate that more. I have

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Speaker 4: literally written a book on it. And then I'm also

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Speaker 4: releasing the spoiler an investing course story soon, which I'm

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Speaker 4: really excited about.

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Speaker 1: Oh my goodness, gracious, I'm just going to teach you

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Speaker 1: all the things. Watch out. You do have a way

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Speaker 1: of making it very, very exciting. But it is the

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Speaker 1: first Wednesday of the month, so we are looking at

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Speaker 1: an investment topic, and today we're talking about constructing your

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Speaker 1: perfect investment portfolio.

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Speaker 4: I don't know do we have structure that means that

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Speaker 4: on the first, I guess Wednesday of every month we

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Speaker 4: talk about investing, Like, has that exist said for this

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Speaker 4: whole time? And I haven't noticed? And our producers just

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Speaker 4: a wizard, I think it has.

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Speaker 1: I think so I didn't notice either. That's very impressive.

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Speaker 1: That is very impressive.

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Speaker 4: We just have these big brainstorming sessions and I'm like,

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Speaker 4: what about this topic? In this topic and this topic?

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Speaker 4: And then she's smile and nod, smiling, and then she

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Speaker 4: like organizes them.

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Speaker 1: What the heck like it's a job.

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Speaker 4: I bet nobody else noticed, but I don't think so

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Speaker 4: we finally noticed and elsa thank you.

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Speaker 1: I won't be able to unsee it now, how annoying

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Speaker 1: are we now?

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Speaker 4: Predictable?

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Speaker 2: Oh?

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Speaker 1: That sucks, but also good one out. Some people love

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Speaker 1: the comfortability of it. Nava, you mentioned to me that

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Speaker 1: you were at a speaking event recently and you talked

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Speaker 1: about the idea that risk and investment has two facets.

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Speaker 1: Could you tell us a little bit more?

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Speaker 4: Yes, Actually I love a speaking event, and recently this

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Speaker 4: has come up a few times because I just think

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Speaker 4: it's really important. So when it comes to the investing world,

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Speaker 4: I feel like we all get analysis paralysis, right, that

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Speaker 4: we feel so overwhelmed with this concept of where we

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Speaker 4: start and what we should be doing and what our

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Speaker 4: perfect portfolio looks like, that we forget that things can

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Speaker 4: actually be quite simple. And I mean, I'll get more

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Speaker 4: into it later on, but I talk a lot, especially

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Speaker 4: in person when I do like a speaking event, which,

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Speaker 4: for those of you who don't know, a lot of

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Speaker 4: my time now I'm a retired financial advisor. A lot

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Speaker 4: of my time is actually spent in corporate and seeing

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Speaker 4: corporate talking to I guess employees about their financial wellbeing

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Speaker 4: and their financial wellness, and it's one of my favorite

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Speaker 4: things in the entire world. But I often will say

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Speaker 4: the phrase I'm a conservative aggressive investor, and that sounds

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Speaker 4: very juxtapositione right, Like it sounds like, wait, you can't

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Speaker 4: be both, Victoria. If you've listened to all of our podcasts,

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Speaker 4: you've probably listened to the episode that we've done on

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Speaker 4: risk profiles where I talk about how there are usually

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Speaker 4: like six or seven different risk profiles and they go

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Speaker 4: all the way from capital stable, conservative, all the way

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Speaker 4: up to high growth or aggressive, which is language I

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Speaker 4: don't particularly like in the investing world because it makes

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Speaker 4: us feel a little bit overwhelmed, a little bit scared.

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Speaker 4: Like the second the word aggressive comes out, you're like,

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Speaker 4: hold up, that might not be for me.

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Speaker 1: Yeah, Like, I'm not so sure.

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Speaker 4: However, I would say that I'm a conservative aggressive investor,

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Speaker 4: and a little bit later in the show, I'll explain

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Speaker 4: to you exactly why that does actually make sense.

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Speaker 1: Few Okay, So, v you did ask me to gather

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Speaker 1: some relevant data for this, and you know I am

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Speaker 1: not a money wiz, but I'm gonna I wrote that

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Speaker 1: you are get this really good at Google. I'm very

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Speaker 1: good at Google, and I wrote some stuff down. So

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Speaker 1: let's see.

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Speaker 4: I'm ready.

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Speaker 1: What have you brought to the table today. Some of

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Speaker 1: these are tongue twister.

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Speaker 4: Here are Beck's top tips on creating your perfect portfolio.

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Speaker 1: All right, so I've got some information from Australian Investor

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Speaker 1: study for twenty twenty three, which focus on nexs. That's true,

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Speaker 1: that's big dog, that is And basically I'm going to

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Speaker 1: focus today on female identifying people investors. I should say,

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Speaker 1: also what they call next gen investors, which babies, the

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Speaker 1: little tiny babies, little.

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Speaker 4: Tiny babies who have so much opportunity to do well.

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Speaker 1: They do, and that I'm very happy that they're starting young.

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Speaker 1: So I'm going to give you the data on the

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Speaker 1: female identifying investors first. Yep. So the average age of

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Speaker 1: female identifying investors is forty seven.

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Speaker 4: Is that surprising?

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Speaker 1: I don't know. I have no idea.

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Speaker 4: Is that I feel like me dragging it down slowly.

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Speaker 4: I feel like forty seven is a good number because

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Speaker 4: obviously it's before retirement.

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Speaker 1: Sure, but I like want.

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Speaker 4: The average age of an investor to be younger because

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Speaker 4: that means they've got more opportunity to create wealth. Ideally, ideally,

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Speaker 4: but they could be.

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Speaker 1: A bunch of twenty four year olds and a bunch

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Speaker 1: of one hundred year olds and then that makes the

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Speaker 1: average age.

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Speaker 4: Actually, that makes me want to find the difference between

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Speaker 4: the me and the median and the morge or do

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Speaker 4: you want to do it for me or do you

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Speaker 4: want me to do it?

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Speaker 1: I think it. Yeah, I don't have no idea, but yes,

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Speaker 1: let's argue that.

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Speaker 4: Yeah. So it's important to understand when we talk about

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Speaker 4: data that there are actually three ways that people might

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Speaker 4: report on it. Right, So there's the mean, there's the median,

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Speaker 4: and then there's what's called the mode. And we're just

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Speaker 4: going to take a quick dive into a statistics lesson

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Speaker 4: for a hot second, because I do think it's really

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Speaker 4: important to understand these things because so many times we

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Speaker 4: see data and I know from your notes you're about

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Speaker 4: to talk about the median, so let's start there. So

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Speaker 4: the median is actually the number that is smack bang

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Speaker 4: in the middle. So if you got every single data point,

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Speaker 4: like if there were ten people in this data set,

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Speaker 4: we would order them from smallest to largest number and

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Speaker 4: then smack bang in the middle. That is what the

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Speaker 4: median is. So the median is if we got every

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Speaker 4: single data point, put them in a row, and then

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Speaker 4: hit the smack bang middle one R.

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Speaker 1: That's just the middle number that occurs. Right.

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Speaker 4: Then you've got the mean, and the mean is from

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Speaker 4: my perspective, it's interesting to see what's smack bang in

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Speaker 4: the middle, But it's also interesting to see kind of

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Speaker 4: what the average is. And I would say the mean

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Speaker 4: is more of an average. So what you do with

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Speaker 4: the mean is you take all data points, add them together,

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Speaker 4: and so plus plus plus plus plus, and then you

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Speaker 4: divide it by how many data points there are in

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Speaker 4: that set to get the average number. So if you

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Speaker 4: added them all together, you'd end up with a really

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Speaker 4: high number maybe and a really low number, and then

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Speaker 4: there would be an average that comes out of that.

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Speaker 1: And so from my.

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Speaker 4: Perspective, to get a really good idea of what data

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Speaker 4: is looking like, I kind of want both of those

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Speaker 4: numbers because in a perfect world, both of those numbers

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Speaker 4: are really similar. But you might have smack bang in

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Speaker 4: the middle. The medium might be five, right, because you've

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Speaker 4: got ten data points and they go from one all

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Speaker 4: the way through to ten. Smack bang in the middle

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Speaker 4: happens to be five. What a dream, right. However, if

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Speaker 4: you had a more diverse data set where the lowest

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Speaker 4: numbers one and then five was still in the middle,

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Speaker 4: but then the last number was one hundred. If you

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Speaker 4: had divided all of those, your mean is going to

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Speaker 4: be higher, and that's going to give you a good

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Speaker 4: indicator of whether they're on par or not. So it's

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Speaker 4: just nice to know those things. And then the third

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Speaker 4: one I mentioned is the mode. And essentially the mode

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Speaker 4: is just the number that occurs the most. So you

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Speaker 4: might have ten data sets and five of them happen

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Speaker 4: to be the same number. That's the mode. It's just

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Speaker 4: the most common number to occur in a data set.

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Speaker 1: Gotcha. I actually cannot believe this is the first time

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Speaker 1: really understanding what that means. Median kind of seems a

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Speaker 1: bit useless, but it is a reason helpful.

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Speaker 4: But like we find that most surveys and most reports

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Speaker 4: will use the median because it seemed to be the average.

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Speaker 4: That's why when we talk about things like salary, I

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Speaker 4: don't particularly like the mean. I much prefer the median

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Speaker 4: because when we're talking about the mean and we've added

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Speaker 4: everything together, if I said, what's the average salary of

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Speaker 4: a female identifying person in Australia, right, you've got all

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Speaker 4: your CEOs, then you've got all of your stay at

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Speaker 4: home mums who don't particularly have a high income. But

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Speaker 4: we're not saying they don't have any value. We're just

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Speaker 4: talking about finances here. We add them all together and

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Speaker 4: then Beckett comes out as an average of about eighty

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Speaker 4: five thousand dollars. Right, that's not normal, Like, that's not

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Speaker 4: the normal income. Whereas if we lined everything up and

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Speaker 4: took you know, what is actually the middle of what

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Speaker 4: these people are earning, and what do female identifying people

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Speaker 4: in Australia actually earn, what does that look like? It's

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Speaker 4: more like sixty five thousand dollars sure, And that's a

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Speaker 4: really big difference, Like if we're making decisions based on data.

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Speaker 4: And this is why I think it's so important for

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Speaker 4: us to understand it, just so we know what's going on.

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Speaker 4: But it's so important that you know, like our government

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Speaker 4: takes this into consideration because if they're using the mean

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Speaker 4: or the median to make decisions about our healthcare or

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Speaker 4: what we can afford or what we can actually do

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Speaker 4: with our finances, there's a big difference when we're talking

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Speaker 4: about a cost of living crisis when it comes to

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Speaker 4: someone who earns eighty five thousand versus someone who earns

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Speaker 4: sixty five thousand, right, right, So if we aren't using

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Speaker 4: the right data point, or we're not looking at both

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Speaker 4: of them, we're actually doing people a disservice. That makes

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Speaker 4: so much sense, I hope so because I tried to

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Speaker 4: make it make sense.

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Speaker 1: Yeah, I really that's a great explanation. Be thank you

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Speaker 1: so much.

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Speaker 4: Tell me more about female identifying investors.

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Speaker 1: Speaking of median, the median trade size for female identifying

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Speaker 1: investors is four thousand and five dollars. That's big dog. Yeah,

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Speaker 1: that's pretty good. And the median portfolio size is ninety five,

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Speaker 1: nine hundred and ninety dollars. Now, VI, I want to know,

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Speaker 1: and maybe I should not as already, what's the difference

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Speaker 1: between trade and portfolio? Yeah?

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Speaker 4: Okay, so trade is how much they might so trade

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Speaker 4: each month. So you might go, hey, beck, I really

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Speaker 4: want to start investing. So trade is important when we

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Speaker 4: talk about So let's get a little bit deep for

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Speaker 4: a second. If you're an investor and you download any platform,

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Speaker 4: there's going to be usually some type of brokerage fee.

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Speaker 4: And brokerage fee is a fee that you pay for

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Speaker 4: your trade to be carried out. So let's say on average,

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Speaker 4: it's twenty bucks, so you sit down and go, V,

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Speaker 4: I really want to invest. However, if I'm investing twenty

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Speaker 4: dollars today, is paying twenty dollars for that privilege making

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Speaker 4: the total trade worth forty dollars?

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Speaker 1: Is that worth it? Absolutely not from my perspective.

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Speaker 4: So what a lot of people do is they kind

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Speaker 4: of bundle their money up. So you might have a

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Speaker 4: savings account to the side where you put money into

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Speaker 4: it each and every single month, and then when it

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Speaker 4: hits one thousand dollars, it hits two thousand dollars, you

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Speaker 4: invest that all in one go. That's what a trade is.

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Speaker 4: It's like a transaction essentially. So it's genuinely smarter to

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Speaker 4: have higher amounts per trade, which obviously there's a lot

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Speaker 4: of privilege in that because you need more money to

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Speaker 4: have a higher trade amount. But what that means is

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Speaker 4: it brings down the percentage of your brokerage fee. So

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Speaker 4: if you said I have twenty bucks to trade and

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Speaker 4: I go great, no worries. Your brokerage is twenty dollars,

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Speaker 4: that's one hundred percent of the fee, which means if

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Speaker 4: your money is then invested beck it has to make

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Speaker 4: another twenty dollars, so it's got a double in order

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Speaker 4: to break even for what it cost you to invest.

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Speaker 4: So that's not that sexy. But if I said to you,

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Speaker 4: all right, it's twenty dollars, but you've invested four grand,

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Speaker 4: you'd be like, that's fine. It's not going to take

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Speaker 4: that long for my four thousand dollar portfolio to return

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Speaker 4: twenty dollars and then some and so many times, and

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Speaker 4: I'm obviously wildly passionate about this, but so many times

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Speaker 4: people just forget about their brokerage and how much their

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Speaker 4: portfolio cost them. So you might look at a portfolio

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Speaker 4: and be like, well, I've got one thousand dollars invested.

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Speaker 4: Oh my god, it made me my first twenty dollars.

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Speaker 4: I'm making money. And you go, hold up, ut, how

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Speaker 4: much was your brokerage? Have we'd taken that into consideration,

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Speaker 4: Like have you made back what it cost you to

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Speaker 4: get in the door? So right, that's what a trade is.

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Speaker 4: And then total portfolio is the total amount that you

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Speaker 4: have invested, right, so from all the trades that have

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Speaker 4: added up. Okay, it's honestly, and obviously this is just

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Speaker 4: stuff we've never talked about. Beck, Like you didn't learn

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Speaker 4: this in school, so it makes sense. You don't get it, sure,

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Speaker 4: but it's pretty simple when you go, oh, what's a trade?

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Speaker 4: Oh you traded it? Yeah, all right, in the words

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Speaker 4: what's a portfolio, it's everything you own?

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Speaker 1: Oh okay, like nicely scary exactly.

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Speaker 4: And I feel like the more we talk about this stuff,

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Speaker 4: and this is why obviously we do do so many

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Speaker 4: investing episodes, I just want it to make sense so

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Speaker 4: that you feel super comfortable with it. And obviously this

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Speaker 4: topic is about constructing your perfect portfolio and to me, spoiler,

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Speaker 4: there's no such thing, but we're going to help you

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Speaker 4: feel comfortable with that idea. I just think it's so

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Speaker 4: important to have these conversations because they make me feel

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Speaker 4: so much more confident in my own portfolio. But also

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Speaker 4: I can see you go, ah, Vy, that actually makes sense,

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Speaker 4: Like this makes sense, and I think I could do it,

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Speaker 4: and that's my favorite thing.

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Speaker 1: Yeah. Absolutely, Well, my last point for that one was

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Speaker 1: that fifty five percent of people do prefer stable returns.

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Speaker 4: I'm not surprised by that.

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Speaker 1: Yeah, I think that's so that's like more of a

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Speaker 1: comfy sort of thing, like it's maybe like low, but

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Speaker 1: it's stable, and it's consistent women take.

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Speaker 4: Less risks than men. At the end of the day,

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Speaker 4: women are less likely to want risky a portfolio. However,

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Speaker 4: I think that that's also about education, because as we're

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Speaker 4: going to get into the more educated you are, often

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Speaker 4: the more likely you are to take on very comfortable risk.

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Speaker 1: Sure, so we're not.

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Speaker 4: Saying go invest in bitcoin or cryptocurrencies or things that

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Speaker 4: are inherently very risky. What risk often means is that

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Speaker 4: you're putting more of your money into the share market

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Speaker 4: as opposed to just holding it in cash. And the

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Speaker 4: second you can understand that, the more likely you are

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Speaker 4: to go, actually, maybe I am a growth investor. Maybe

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Speaker 4: I am a little bit aggressive.

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Speaker 1: And you didn't know it. Okay, I really like that. Actually,

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Speaker 1: So the next thing, I'm going to go through the

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Speaker 1: top five types of investments for female identifying people that

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Speaker 1: are outside of SUPER. So this does not include super.

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Speaker 4: No, and also on that super is not an investment.

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Speaker 4: Super is a tax structure in which you invest in.

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Speaker 4: You can invest the money that is sitting in that

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Speaker 4: tax structure, and I could not be more passionate about

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Speaker 4: that because it's your money, right, it's eleven percent now Beck,

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Speaker 4: do you know how many people listening to this podcast

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Speaker 4: have still not pulled their finger out and how to

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Speaker 4: look at their own portfolios to be like, Oh, I

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Speaker 4: wonder if this is working for me. If you're listening

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Speaker 4: to this episode, this is just like a little bit

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Speaker 4: of a side note personal attack to you.

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Speaker 1: I do love you.

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Speaker 4: That is why we are saying this right now. That

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Speaker 4: is why I think it's really important. But if you

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Speaker 4: are listening to us because you've clicked on an episode

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Speaker 4: to learn about how to construct your perfect portfolio, but

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Speaker 4: you haven't taken the time to go and look at

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Speaker 4: what portfolio your superannuation is sitting in, turn off this episode,

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Speaker 4: go look at your super. Don't do that. Listen to

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Speaker 4: the rest of this episode, and then go look at

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Speaker 4: your super because that is eleven percent now of your income. Beck,

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Speaker 4: Are you saving or investing eleven percent of your income

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Speaker 4: every single month?

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Speaker 1: I wish you are in super? Oh true, you are

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Speaker 1: in Super.

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Speaker 4: So like, why aren't we caring more about it? It

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Speaker 4: is so much money. It is your money. Go and

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Speaker 4: take control of it. Go and look at what it is.

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Speaker 4: Do you know what the most And I have said

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Speaker 4: this before a million times, but like, if anything, I

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Speaker 4: am a broken record.

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Speaker 2: Beck.

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Speaker 4: Do you know what the most underutilized resource I believe

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Speaker 4: is our huts? Oh honey, yes, yes, but also the

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Speaker 4: call center superannuation funds.

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Speaker 1: Iced to be a call center at super I know,

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Speaker 1: but like your fun I would call you. It's so

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Speaker 1: nice thing, But like you had access.

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Speaker 4: To all the information to tell me what my super

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Speaker 4: fund was doing, what it was invested in, what my

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Speaker 4: risk profile looked like, how that worked, and if you

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Speaker 4: couldn't answer the question, you'd send.

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Speaker 1: Me someone who could.

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Speaker 4: Sure you're paying the fees on your super fund so

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Speaker 4: that you can access that, and so technically it's free

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Speaker 4: to call because you can't not pay your super fund fees.

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Speaker 4: Yollo call them. Abuse that system. Make sure you know

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Speaker 4: it inside out, because at the end of the day,

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Speaker 4: it's your money. And to be really dramatic, but also

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Speaker 4: it's not dramatic, it's just true. The difference between you

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Speaker 4: not making a decision and not looking at your super

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Speaker 4: today and just retiring is hundreds of thousands of dollars.

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Speaker 4: You can be hundreds of thousands of dollars better off

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Speaker 4: because I told you to be true. Credit for that.

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Speaker 1: I love that I love that. I'm gonna personally give

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Speaker 1: you all the credit if that's okay, thank you, thank you.

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Speaker 4: So I would like to personally take.

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Speaker 1: All the credit.

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Speaker 4: Yeah, I have perfose working out so well for us.

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Speaker 1: It's great transaction, all right. So v fifty four percent

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Speaker 1: of Australian shares held directly.

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Speaker 4: Oh okay, you know what, I'm not surprised by that.

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Speaker 4: Oh I'm not surprised by that. Like, if that's the

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Speaker 4: I guess, let's say the will one investment for female

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Speaker 4: identifying people held outside of super I feel like that

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Speaker 4: makes the most sense because, to be honest, that's the like,

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Speaker 4: I don't know, what would you say, It's like the

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Speaker 4: gateway drug of the investment world because they're the easiest

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Speaker 4: to get your hands on.

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Speaker 1: Yeah yeah, what's next?

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Speaker 4: Okay?

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Speaker 1: So next is we have thirty five percent in residential

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Speaker 1: investment property.

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Speaker 4: Who's surprised? Zero Populian dream? Yeah mummy, nice? What's next?

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Speaker 1: Okay? Next we have thirty percent in term deposits.

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Speaker 4: Not surprised. Term deposits, especially at this point in time

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Speaker 4: because of what our economy is doing, very attractive. Yeah,

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Speaker 4: I'm not saying go invest in them, but they have

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Speaker 4: become increasingly attractive. The other thing that's increased in attractiveness recently,

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Speaker 4: becka part.

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Speaker 1: You we did not plan that we did so crazy

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Speaker 1: that we haven't been each other looking good.

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Speaker 4: Okay, sorry, sorry, is just high interest savings accounts. Ah,

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Speaker 4: you're better looking than a high interest savings account.

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Speaker 1: Back, thank you. That is so the nicest thing anyone's

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Speaker 1: ever said to me.

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Speaker 2: I know.

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Speaker 1: Okay, Next, we have thirteen percent in ETFs. I'm surprised

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Speaker 1: by that, and eleven percent in international shares held directly,

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Speaker 1: I'm not surprised by that.

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Speaker 3: Hah.

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Speaker 4: So I'm surprised by the exchange traded funds being only

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Speaker 4: at thirteen percent because if you look at our community,

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Speaker 4: a lot of people when you start an investing conversation,

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Speaker 4: you'll say, well, you know, Beck, you've got your first

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Speaker 4: thousand dollars. One thousand dollars to get straight into the

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Speaker 4: share market is very easy. From my perspective. What you

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Speaker 4: need to do is have a think about there's like

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Speaker 4: a laundry list of things. We've done episodes on this before.

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Speaker 4: But what you going to do is think about your values.

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Speaker 4: And I know that sounds really fluffy, but you actually

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Speaker 4: need to think about your values. You go, well, what

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Speaker 4: kind of investment do you want pick? Like you live

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Speaker 4: over Brunswick Way. Yeah, yeah, hippy, dippy, you're fine. You're

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Speaker 4: probably going to be a little bit more ethical than

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Speaker 4: the a Bridge bear.

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Speaker 1: So like we're going to start thinking, like, do you

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Speaker 1: want to invest in BHP?

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Speaker 3: What's that?

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Speaker 1: It's the oil company?

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Speaker 4: Oh?

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Speaker 1: I do not know that? No?

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Speaker 4: No, I say no because I know you don't know it.

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Speaker 4: Do you want to invest in like gambling or tobacco

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Speaker 4: or like, you know, all of those things that you

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Speaker 4: actually spend a lot of money on?

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Speaker 1: Like you know, I should say no, but I wouldn't mind.

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Speaker 4: Yeah, you wouldn't mind that. I think it's really important

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Speaker 4: to talk about your ethics first and like do you

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Speaker 4: want to hold those things or not? Yeah, let's say

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Speaker 4: you say no and you want to go down the

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Speaker 4: route of a more ethical portfolio, and you go, all right,

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Speaker 4: well I want it to be ethical. All right, We've

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Speaker 4: got some guidelines here that's really good. Do you want

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Speaker 4: to pick your own shares? In that case, if you

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Speaker 4: do want to pick your own shares I'm going to

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Speaker 4: be real blunt and say to get diversification on an

439
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Speaker 4: entire portfolio with just one thousand dollars is incredibly hard

440
00:20:53,520 --> 00:20:57,600
Speaker 4: because of the purchase price shares exist at. So to

441
00:20:57,640 --> 00:21:01,080
Speaker 4: buy a NAB or like a bank share of any kind,

442
00:21:01,640 --> 00:21:04,879
Speaker 4: you're looking at more than fifty dollars per trade. Sure,

443
00:21:05,080 --> 00:21:07,399
Speaker 4: So what are you going to do? Buy one share

444
00:21:07,440 --> 00:21:09,520
Speaker 4: and then another share in a different bank, and then

445
00:21:09,560 --> 00:21:13,280
Speaker 4: another share in a few different asset classes to get diversification,

446
00:21:13,600 --> 00:21:16,640
Speaker 4: in which case you only have one share per asset.

447
00:21:17,440 --> 00:21:20,120
Speaker 4: Or are you going to look at an ETF, which

448
00:21:20,160 --> 00:21:22,879
Speaker 4: is an exchange traded fund, which is essentially a big

449
00:21:22,920 --> 00:21:26,199
Speaker 4: basket of shares that a fund manager has picked and

450
00:21:26,240 --> 00:21:28,000
Speaker 4: put in the basket, and you go, I want to

451
00:21:28,000 --> 00:21:31,880
Speaker 4: own that because it gives you instant diversification. So I'm

452
00:21:31,920 --> 00:21:35,480
Speaker 4: not making recommendations here. I'm just very surprised to hear

453
00:21:35,960 --> 00:21:42,880
Speaker 4: that of all Australian female identifying investors, only thirteen percent

454
00:21:42,960 --> 00:21:48,440
Speaker 4: of them are holding ETFs. Yeah, right, because that ETF

455
00:21:48,600 --> 00:21:52,000
Speaker 4: is basically instant diversification. And if you look at our community,

456
00:21:52,320 --> 00:21:55,199
Speaker 4: I would say that's one of the most popular.

457
00:21:55,200 --> 00:21:56,840
Speaker 1: Asset classes to talk about.

458
00:21:57,040 --> 00:22:01,439
Speaker 4: Like, people aren't saying, oh, should I buy this particular share,

459
00:22:01,600 --> 00:22:05,320
Speaker 4: beck they're saying, oh, have you used this ETF? Are

460
00:22:05,359 --> 00:22:07,720
Speaker 4: you with Banguard? Are you with beta shares? What does

461
00:22:07,760 --> 00:22:10,200
Speaker 4: this look like? And I feel like that's the conversation

462
00:22:10,280 --> 00:22:13,680
Speaker 4: we're having the most as opposed to what shares should

463
00:22:13,720 --> 00:22:17,119
Speaker 4: we hold? Directly in saying that, let's go back to

464
00:22:17,160 --> 00:22:19,560
Speaker 4: the data that you gave me before you said the

465
00:22:19,600 --> 00:22:23,560
Speaker 4: average age's forty seven. Now, I'm not so surprised that

466
00:22:23,640 --> 00:22:27,320
Speaker 4: an ETF isn't as popular, because if you're forty seven,

467
00:22:27,720 --> 00:22:30,240
Speaker 4: that's not old. Like I'm not throwing you under a bus.

468
00:22:30,520 --> 00:22:34,000
Speaker 4: But the entry point in the investment world was very

469
00:22:34,040 --> 00:22:37,600
Speaker 4: different when you started investing. Let's say, if you started

470
00:22:37,640 --> 00:22:40,040
Speaker 4: investing in your twenties and you're now in your forties.

471
00:22:40,200 --> 00:22:42,160
Speaker 1: Sure, so it wasn't an.

472
00:22:42,119 --> 00:22:45,480
Speaker 4: ETF, and ETF was much harder to get into, whereas

473
00:22:45,480 --> 00:22:48,000
Speaker 4: a direct share might be something that your parents taught

474
00:22:48,000 --> 00:22:50,680
Speaker 4: you to buy or they owned and you just replicated

475
00:22:50,720 --> 00:22:55,560
Speaker 4: their portfolio. So I'd be interested to hear what you think.

476
00:22:55,680 --> 00:22:57,400
Speaker 4: And I know what's coming up. I just can't see

477
00:22:57,400 --> 00:22:59,760
Speaker 4: the data, but I reckon when you tell me about

478
00:22:59,760 --> 00:23:03,480
Speaker 4: these younger investors, I think that the stats for ETFs

479
00:23:03,480 --> 00:23:04,280
Speaker 4: are going to be higher.

480
00:23:04,720 --> 00:23:08,920
Speaker 1: Let's have a little word. Well, just really quickly, I

481
00:23:09,000 --> 00:23:11,119
Speaker 1: want to say, we do have an episode Basics of

482
00:23:11,160 --> 00:23:14,120
Speaker 1: Investing that we did a few months ago, many.

483
00:23:13,760 --> 00:23:17,040
Speaker 4: Investing things and so many low key keep an eye

484
00:23:17,040 --> 00:23:20,960
Speaker 4: out because I am dropping an investing course really soon. Yes, true,

485
00:23:21,000 --> 00:23:24,240
Speaker 4: true money master class. We're going to do an investing

486
00:23:24,280 --> 00:23:27,719
Speaker 4: master class. And you know what's kind of embarrassing because

487
00:23:27,800 --> 00:23:31,280
Speaker 4: I've been being asked for this for years and I

488
00:23:31,280 --> 00:23:31,800
Speaker 4: haven't done it.

489
00:23:32,000 --> 00:23:36,560
Speaker 1: Hey, that's quite all right, exactly right. So just in

490
00:23:36,600 --> 00:23:38,199
Speaker 1: case you're listening and you're like, I don't know what

491
00:23:38,240 --> 00:23:39,720
Speaker 1: any of these things mean, I.

492
00:23:39,640 --> 00:23:42,359
Speaker 4: Actually just want okay, like this is actually one of

493
00:23:42,400 --> 00:23:45,359
Speaker 4: the reasons I retired as a financial advisor beck because

494
00:23:45,400 --> 00:23:49,280
Speaker 4: I legally couldn't have done this master class if I

495
00:23:49,400 --> 00:23:50,640
Speaker 4: was licensed to.

496
00:23:50,560 --> 00:23:51,640
Speaker 1: Give follow advice.

497
00:23:52,160 --> 00:23:54,760
Speaker 4: Yeah, I had to wait so as much as since. Yeah,

498
00:23:54,760 --> 00:23:57,159
Speaker 4: it wasn't because I was being lazy. But no, sounds

499
00:23:57,400 --> 00:23:59,600
Speaker 4: more clickbaity if I say it that way, Hey.

500
00:24:00,320 --> 00:24:01,679
Speaker 1: Little bit, just kidding, No.

501
00:24:01,760 --> 00:24:03,480
Speaker 4: Carry on, carry on, What have you got for me?

502
00:24:03,640 --> 00:24:05,360
Speaker 4: Tell me about next genn invest So.

503
00:24:05,359 --> 00:24:07,200
Speaker 1: Yes, we are going to touch on next gen investors

504
00:24:07,200 --> 00:24:10,000
Speaker 1: now between eighteen and twenty four year olds, tiny babies.

505
00:24:10,119 --> 00:24:13,399
Speaker 1: So first up, just a baby, just honey, baby. The

506
00:24:13,440 --> 00:24:17,879
Speaker 1: average age is twenty one baby, so sweet. The median

507
00:24:18,000 --> 00:24:22,040
Speaker 1: trade size is five two and fifty nine dollars. That's

508
00:24:22,200 --> 00:24:25,800
Speaker 1: that's higher. It's very exciting. That's higher than women on average.

509
00:24:26,400 --> 00:24:28,800
Speaker 1: That is so big dog energy. Yeah, that is very

510
00:24:28,880 --> 00:24:32,400
Speaker 1: very impressive. And the median portfolio size is forty five

511
00:24:32,520 --> 00:24:34,960
Speaker 1: thousand and five hundred dollars for a.

512
00:24:34,920 --> 00:24:37,560
Speaker 4: Twenty one year old. Yeah, isn't that lit?

513
00:24:38,240 --> 00:24:39,200
Speaker 1: That is so good.

514
00:24:39,240 --> 00:24:43,200
Speaker 4: That's like literally half of what the average is for women.

515
00:24:43,359 --> 00:24:44,600
Speaker 1: They've got a bright future.

516
00:24:44,800 --> 00:24:47,320
Speaker 4: Give me twenty years. I want to see this data again.

517
00:24:47,480 --> 00:24:49,160
Speaker 4: It's gonna be so good.

518
00:24:49,320 --> 00:24:52,000
Speaker 1: Curious to know what the high if that's the middle, yep,

519
00:24:52,240 --> 00:24:53,880
Speaker 1: that I'm curious. Not the highest is.

520
00:24:53,920 --> 00:24:56,240
Speaker 4: Oh my gosh, I see so many We ask a

521
00:24:56,240 --> 00:24:58,360
Speaker 4: lot of people in our community like what do you earn?

522
00:24:58,400 --> 00:24:59,760
Speaker 4: What do you spend? What do you earn? What do

523
00:24:59,800 --> 00:25:00,359
Speaker 4: you like?

524
00:25:00,520 --> 00:25:00,919
Speaker 1: All of that?

525
00:25:01,560 --> 00:25:05,040
Speaker 4: And I think it's so interesting, Like there are a

526
00:25:05,040 --> 00:25:07,280
Speaker 4: couple of people and it blows my mind. And do

527
00:25:07,280 --> 00:25:09,600
Speaker 4: you know what, Beck, there's a whole heap of privilege

528
00:25:09,640 --> 00:25:10,440
Speaker 4: that plays into it.

529
00:25:10,560 --> 00:25:12,320
Speaker 1: Sure, but we've had them on the show before.

530
00:25:12,320 --> 00:25:15,000
Speaker 4: If you listen to our money diaries where young girls

531
00:25:15,040 --> 00:25:17,280
Speaker 4: are like, yeah, I'm twenty one and they have one

532
00:25:17,359 --> 00:25:19,639
Speaker 4: hundred and fifty thousand dollars an investment portfolio.

533
00:25:20,240 --> 00:25:23,440
Speaker 1: So what Yeah, how how did we get?

534
00:25:23,680 --> 00:25:24,760
Speaker 4: Is it black magic?

535
00:25:25,200 --> 00:25:27,159
Speaker 1: Yes, it must be. I don't think it could be

536
00:25:27,160 --> 00:25:27,640
Speaker 1: anything else.

537
00:25:27,760 --> 00:25:31,480
Speaker 4: Was it from your trust fund? It's it's not there.

538
00:25:31,560 --> 00:25:34,200
Speaker 4: Actually usually it's not, so to give them credit, it's

539
00:25:34,240 --> 00:25:35,080
Speaker 4: really not, of course.

540
00:25:35,720 --> 00:25:39,720
Speaker 1: So the top five investments outside of super for this bracket.

541
00:25:40,080 --> 00:25:41,159
Speaker 4: I'm excited. I'm excited.

542
00:25:41,200 --> 00:25:44,120
Speaker 1: Tell me some of your predictions might be right.

543
00:25:44,240 --> 00:25:46,680
Speaker 4: So first, I'm actually really excited to hear the cause

544
00:25:46,720 --> 00:25:48,000
Speaker 4: I love being right.

545
00:25:49,560 --> 00:25:54,200
Speaker 1: So forty three percent is held in Australian shares held directly.

546
00:25:54,480 --> 00:25:56,600
Speaker 4: Okay, that's a little bit lower.

547
00:25:58,080 --> 00:26:01,680
Speaker 1: Thirty three percent in Yes, yes, that was correct. Yeah,

548
00:26:01,800 --> 00:26:03,959
Speaker 1: I told you you were absolutely spot off.

549
00:26:04,000 --> 00:26:06,320
Speaker 4: I feel like the tiny babies I eat. Most people

550
00:26:06,359 --> 00:26:08,440
Speaker 4: who listen. Do you know what I was about to say,

551
00:26:08,480 --> 00:26:10,199
Speaker 4: I e most people who listen to our show. But

552
00:26:10,240 --> 00:26:12,200
Speaker 4: do you know the average age of our listener? I'm

553
00:26:12,200 --> 00:26:16,560
Speaker 4: going to say forty, no, fifty, No, I don't know.

554
00:26:16,640 --> 00:26:20,040
Speaker 4: There's one point six million of you. So the average

555
00:26:20,080 --> 00:26:22,800
Speaker 4: age is actually and it's a it's not an average

556
00:26:22,800 --> 00:26:24,679
Speaker 4: age because I don't have the media and I actually

557
00:26:24,800 --> 00:26:27,600
Speaker 4: just have like the mean, which is all the numbers

558
00:26:27,640 --> 00:26:30,360
Speaker 4: added together and then divided by the total number of listeners,

559
00:26:30,440 --> 00:26:31,680
Speaker 4: and that is twenty nine.

560
00:26:32,040 --> 00:26:34,880
Speaker 1: Oh really yeah, isn't it good? Yeah, so if you.

561
00:26:34,880 --> 00:26:36,840
Speaker 4: Like took it for a bracket, it's between the ages

562
00:26:36,840 --> 00:26:39,600
Speaker 4: of twenty eight and thirty four. So cool. That is

563
00:26:39,640 --> 00:26:41,760
Speaker 4: really coollection because I thought it was just tiny babies

564
00:26:41,800 --> 00:26:44,040
Speaker 4: listening because so many times we talk to these like

565
00:26:44,160 --> 00:26:47,879
Speaker 4: super young, super passionate like investors who am like, how

566
00:26:48,000 --> 00:26:50,600
Speaker 4: are you better than I ever was?

567
00:26:50,840 --> 00:26:54,680
Speaker 1: Yeah? And yeah, no, it's just people like uspeck well,

568
00:26:54,720 --> 00:26:57,200
Speaker 1: welcome to all our twenty nine year olds and everyone else.

569
00:26:57,240 --> 00:27:00,160
Speaker 1: That's hello friends, Love you, qudy nine, Love you guys.

570
00:27:00,680 --> 00:27:04,520
Speaker 1: Next up, we have thirty two percent in residential property.

571
00:27:04,680 --> 00:27:07,439
Speaker 4: That's interesting because I'm pretty sure you told me that

572
00:27:07,520 --> 00:27:11,040
Speaker 4: the average of female investors is thirty five, so like,

573
00:27:11,240 --> 00:27:15,200
Speaker 4: that's not that far off the mark. True, Yes, impressive.

574
00:27:15,320 --> 00:27:17,960
Speaker 1: The difference here, I think is that there's thirty five

575
00:27:17,960 --> 00:27:22,800
Speaker 1: percent of residential investment property for maybe the yeah okay

576
00:27:22,800 --> 00:27:26,840
Speaker 1: older generation. Yeah, ok, actually just maybe their first homes.

577
00:27:27,000 --> 00:27:29,320
Speaker 1: This is probably first homes. I would say, I could go.

578
00:27:29,320 --> 00:27:31,360
Speaker 4: On around here where I do not believe that your

579
00:27:31,359 --> 00:27:33,600
Speaker 4: family home is an investment. But we're going to save

580
00:27:33,680 --> 00:27:34,840
Speaker 4: that one for another day.

581
00:27:35,000 --> 00:27:38,000
Speaker 1: Yes, absolutely. And then we have thirty one percent in crypto,

582
00:27:38,080 --> 00:27:41,760
Speaker 1: which is interesting, Big Dog Energy. Alrightyes, I would.

583
00:27:41,480 --> 00:27:44,400
Speaker 4: Like to see your portfolios. I'm always so interested back

584
00:27:44,400 --> 00:27:47,760
Speaker 4: when it comes to people who buy crypto. No shade, absolutely,

585
00:27:47,840 --> 00:27:49,679
Speaker 4: no shade. As you know, I don't care what you

586
00:27:49,720 --> 00:27:52,719
Speaker 4: invest in. I just care that it comes from an

587
00:27:52,800 --> 00:27:55,240
Speaker 4: educated place. I care that it is in line with

588
00:27:55,280 --> 00:27:58,240
Speaker 4: your values and that you are feeling really confident with

589
00:27:58,280 --> 00:28:00,919
Speaker 4: the decision that you've made and you've like did everything.

590
00:28:01,240 --> 00:28:04,359
Speaker 4: But the fact that crypto is one of the riskiest assets,

591
00:28:04,880 --> 00:28:08,560
Speaker 4: knowing that so many women and women are usually more conservative,

592
00:28:08,960 --> 00:28:12,800
Speaker 4: to be a little bit stereotypical. To know that so

593
00:28:12,880 --> 00:28:15,800
Speaker 4: many people who are investing in crypto before they're investing

594
00:28:15,840 --> 00:28:20,040
Speaker 4: in shares which are inherently less risky, right, blows my mind.

595
00:28:20,359 --> 00:28:25,440
Speaker 1: Yes, very interesting. I find that very interesting. And then lastly,

596
00:28:25,600 --> 00:28:28,800
Speaker 1: V we have twenty five percent in international shares held directly.

597
00:28:29,000 --> 00:28:29,639
Speaker 4: How cool.

598
00:28:30,160 --> 00:28:34,159
Speaker 1: Yeah, wow, I'm really really excited I actually really like

599
00:28:34,240 --> 00:28:35,399
Speaker 1: this of these people.

600
00:28:35,640 --> 00:28:38,800
Speaker 4: I think it's an interesting, I guess thing to go

601
00:28:38,880 --> 00:28:40,720
Speaker 4: through and just talk about. Do you know what the

602
00:28:40,760 --> 00:28:43,360
Speaker 4: next gen investors? Give them another ten years, they're going

603
00:28:43,360 --> 00:28:45,520
Speaker 4: to be running rings around every other.

604
00:28:45,440 --> 00:28:47,800
Speaker 1: Person, and quite frankly, they can.

605
00:28:48,160 --> 00:28:49,120
Speaker 4: I will let them.

606
00:28:49,200 --> 00:28:51,240
Speaker 1: I will let them. I'm weaving them full control.

607
00:28:51,280 --> 00:28:54,360
Speaker 4: We'll give them the podium. They can have this podcast all.

608
00:28:54,480 --> 00:28:56,680
Speaker 4: They can take it, absolutely anything they want.

609
00:28:56,880 --> 00:28:58,720
Speaker 1: All right, beer, let's go to a really quick break.

610
00:28:58,840 --> 00:29:01,160
Speaker 4: Let's have a quick break, eat a coffee frape, and

611
00:29:01,240 --> 00:29:04,360
Speaker 4: on the flip side, we're going to dive into exactly

612
00:29:04,480 --> 00:29:08,680
Speaker 4: why I always say that I'm a conservative but aggressive investor.

613
00:29:08,800 --> 00:29:10,960
Speaker 4: Don't go anywhere.

614
00:29:15,040 --> 00:29:16,720
Speaker 1: Okay, V we are back. You were saying at the

615
00:29:16,720 --> 00:29:20,760
Speaker 1: start that risk in investing is multifaceted. Let's discuss that

616
00:29:20,840 --> 00:29:21,320
Speaker 1: a little.

617
00:29:21,160 --> 00:29:25,560
Speaker 4: Bit multifaceted risk that feels like it makes it much

618
00:29:25,560 --> 00:29:28,080
Speaker 4: smarter than it actually is. I like it. So we're

619
00:29:28,080 --> 00:29:32,280
Speaker 4: a multifaceted tongue twister. No, it just makes me feel intelligent.

620
00:29:32,520 --> 00:29:35,080
Speaker 4: We should use it more often. Yes, all right, So

621
00:29:35,160 --> 00:29:38,239
Speaker 4: let's talk about risks. So risk essentially, like if I

622
00:29:38,360 --> 00:29:41,560
Speaker 4: drew a little risk reward chart the more risk you

623
00:29:41,640 --> 00:29:43,640
Speaker 4: take on, the more you.

624
00:29:43,600 --> 00:29:44,840
Speaker 1: Could potentially lose.

625
00:29:45,440 --> 00:29:49,440
Speaker 4: So we have four different recognized asset classes here in Australia,

626
00:29:49,480 --> 00:29:51,640
Speaker 4: and I'm not going to get into every single nuanced

627
00:29:51,640 --> 00:29:54,440
Speaker 4: about each and every single one of them. However, we

628
00:29:54,480 --> 00:29:57,760
Speaker 4: have cash, essentially the money in your bank. We have

629
00:29:57,920 --> 00:30:01,840
Speaker 4: fixed interest, which is things like term deposits, high interest

630
00:30:01,840 --> 00:30:05,040
Speaker 4: savings accounts where you lock your money away, and bonds.

631
00:30:05,440 --> 00:30:08,200
Speaker 4: We have property, which is the great Australian dream. And

632
00:30:08,240 --> 00:30:11,600
Speaker 4: then we have shares, which arguably is remote perspective, the

633
00:30:11,640 --> 00:30:15,400
Speaker 4: sexiest of the four asset classes. Right. So you've got

634
00:30:15,440 --> 00:30:19,720
Speaker 4: those four asset classes, and a good portfolio is made

635
00:30:19,800 --> 00:30:21,480
Speaker 4: up of a good mix of all four of those.

636
00:30:21,800 --> 00:30:25,840
Speaker 4: So when you're talking to the idea of risk, the

637
00:30:25,880 --> 00:30:29,560
Speaker 4: more risk you take on, the more you could potentially return,

638
00:30:29,640 --> 00:30:32,400
Speaker 4: but as we've said, the more you could potentially lose.

639
00:30:32,720 --> 00:30:35,400
Speaker 4: So we know in Australia beck that the lowest risk

640
00:30:35,480 --> 00:30:38,680
Speaker 4: asset class is technically cash, right, so the cash in

641
00:30:38,720 --> 00:30:41,920
Speaker 4: your bank, like, you're not necessarily going to lose it.

642
00:30:41,960 --> 00:30:44,320
Speaker 4: In fact, we live in Australia and we have government

643
00:30:44,440 --> 00:30:49,000
Speaker 4: guaranteed bank accounts, which means, hypothetically, if the world flipped

644
00:30:49,040 --> 00:30:51,600
Speaker 4: upside down and your bank went down, Beck and it

645
00:30:51,680 --> 00:30:55,520
Speaker 4: became completely bankrupt. The government guarantees that they will give

646
00:30:55,560 --> 00:30:58,040
Speaker 4: you back up to two hundred and fifty thousand dollars

647
00:30:58,440 --> 00:31:00,880
Speaker 4: of what you've got in your savings count. So that

648
00:31:01,200 --> 00:31:03,800
Speaker 4: feels pretty comfy, right, Yeah, So if like your bank

649
00:31:03,840 --> 00:31:08,120
Speaker 4: for some reason went absolutely down, the gurglar, it's all right,

650
00:31:08,200 --> 00:31:09,320
Speaker 4: the government's got you back.

651
00:31:09,480 --> 00:31:11,200
Speaker 1: That is so cool. I did not know that.

652
00:31:11,400 --> 00:31:14,640
Speaker 4: Very cool. But also, let's be honest, if one of

653
00:31:14,640 --> 00:31:17,600
Speaker 4: the big four banks goes down, bed, I promise there

654
00:31:17,680 --> 00:31:20,680
Speaker 4: is so much more to worry about, right than your savings.

655
00:31:21,520 --> 00:31:23,840
Speaker 4: And I know that that sounds dramatic, but if one

656
00:31:23,880 --> 00:31:27,720
Speaker 4: of the banks is going down, her economy is absolutely rancid.

657
00:31:28,240 --> 00:31:32,800
Speaker 4: And I know, and this hasn't happened before, but I

658
00:31:32,800 --> 00:31:35,160
Speaker 4: can almost guarantee that if one of the big banks

659
00:31:35,240 --> 00:31:36,720
Speaker 4: was going to go down because of how much it

660
00:31:36,800 --> 00:31:39,760
Speaker 4: props up the economy, the government would basically jump in,

661
00:31:40,320 --> 00:31:41,960
Speaker 4: give them a little bit of a life raft and

662
00:31:42,000 --> 00:31:44,840
Speaker 4: make sure that that didn't happen because of how impactful

663
00:31:44,920 --> 00:31:48,760
Speaker 4: those big four banks are on our economy. Right, But

664
00:31:49,200 --> 00:31:52,400
Speaker 4: in saying that makes us reel really safe The flip

665
00:31:52,480 --> 00:31:55,360
Speaker 4: side of cash, though, is that a dollar today is

666
00:31:55,400 --> 00:31:57,960
Speaker 4: not worth a dollar tomorrow. And we know this because

667
00:31:58,000 --> 00:32:01,800
Speaker 4: of inflation. As you know inflation, and we knew when

668
00:32:01,840 --> 00:32:04,400
Speaker 4: we got kicked in the absolute guts when our hex

669
00:32:04,480 --> 00:32:05,440
Speaker 4: and help debts.

670
00:32:05,200 --> 00:32:07,280
Speaker 1: Went up by seven point one percent.

671
00:32:08,760 --> 00:32:11,800
Speaker 4: Inflation's really high at the moment, and that essentially means

672
00:32:11,800 --> 00:32:13,960
Speaker 4: that what we could buy on this day last year, Beck,

673
00:32:14,520 --> 00:32:17,560
Speaker 4: is more than what we could buy today. And essentially

674
00:32:17,640 --> 00:32:22,920
Speaker 4: CPI or consumer Pricing Index is essentially where, in the

675
00:32:23,040 --> 00:32:26,480
Speaker 4: most simplest terms, a whole heap of economists they go, Beck,

676
00:32:26,560 --> 00:32:29,480
Speaker 4: let's go shopping, and they have a basket of goods

677
00:32:29,520 --> 00:32:31,680
Speaker 4: just from woolies or coals, and they go and fill

678
00:32:31,720 --> 00:32:34,040
Speaker 4: their basket full of all of these essentials and then

679
00:32:34,080 --> 00:32:36,440
Speaker 4: they go, what does this cost? And last year it

680
00:32:36,520 --> 00:32:38,640
Speaker 4: might have cost thirty five dollars and this year it

681
00:32:38,720 --> 00:32:42,880
Speaker 4: might cost forty five dollars. So that's the increase in

682
00:32:42,960 --> 00:32:47,640
Speaker 4: consumer Pricing Index or CPI or inflation. How much stuff

683
00:32:47,680 --> 00:32:50,760
Speaker 4: is going up, right, So it means that if you're

684
00:32:50,800 --> 00:32:52,760
Speaker 4: going to put all your money in cash and go,

685
00:32:52,880 --> 00:32:55,600
Speaker 4: do you know what the other asset classes real risky?

686
00:32:55,960 --> 00:32:59,800
Speaker 4: I'm not so sure about them. It means that because inflation,

687
00:33:00,000 --> 00:33:02,520
Speaker 4: when you see you went up by seven point one percent,

688
00:33:03,160 --> 00:33:05,760
Speaker 4: you would need to be making on your savings account

689
00:33:05,800 --> 00:33:08,360
Speaker 4: at least seven point one percent to have the same

690
00:33:08,400 --> 00:33:10,920
Speaker 4: amount of money that you had last year. We're not

691
00:33:11,120 --> 00:33:14,360
Speaker 4: saying that if you dumped ten grand in a savings account,

692
00:33:14,520 --> 00:33:17,040
Speaker 4: you won't have it. Next year. You'll have ten grand,

693
00:33:17,120 --> 00:33:20,720
Speaker 4: it will stay identical. But to purchase the same amount

694
00:33:20,760 --> 00:33:22,960
Speaker 4: of stuff that you could have purchased last year with

695
00:33:23,040 --> 00:33:26,080
Speaker 4: ten grand, you're going to need ten thousand and seven

696
00:33:26,200 --> 00:33:29,440
Speaker 4: hundred dollars because it's increased by seven percent. Does that

697
00:33:29,480 --> 00:33:29,920
Speaker 4: make sense?

698
00:33:30,000 --> 00:33:30,800
Speaker 1: That does make sense.

699
00:33:30,800 --> 00:33:34,000
Speaker 4: So you're going to need more, Yeah, because unfortunately the

700
00:33:34,000 --> 00:33:38,000
Speaker 4: world is increasing in price, and ten grand today is

701
00:33:38,040 --> 00:33:42,160
Speaker 4: not worth what it is tomorrow. And that means that, unfortunately,

702
00:33:42,320 --> 00:33:44,800
Speaker 4: if you're going to have all of your assets or

703
00:33:44,840 --> 00:33:47,520
Speaker 4: all of your money tied up in cash, it's going

704
00:33:47,600 --> 00:33:49,760
Speaker 4: to cost you more over the long term, and you're

705
00:33:49,800 --> 00:33:53,000
Speaker 4: actually shooting yourself in the foot, which is not that sexy. Right,

706
00:33:53,760 --> 00:33:55,160
Speaker 4: then we've got and we're not going to go too

707
00:33:55,240 --> 00:33:57,760
Speaker 4: much into it, but bonds and fixed interests and stuff

708
00:33:57,800 --> 00:34:02,160
Speaker 4: like that higher return but also relatively stable, and it's

709
00:34:02,200 --> 00:34:04,360
Speaker 4: going to depend on what type of asset class you

710
00:34:04,400 --> 00:34:07,120
Speaker 4: get into. Then we've got property, the Great Australian dream.

711
00:34:07,520 --> 00:34:09,080
Speaker 4: It's not going to go up in the same way

712
00:34:09,120 --> 00:34:11,200
Speaker 4: that it has over the last thirty years. But that's

713
00:34:11,239 --> 00:34:14,120
Speaker 4: absolutely okay because it doesn't mean it's a bad asset class.

714
00:34:14,120 --> 00:34:15,960
Speaker 4: It means we just need to be smart about what

715
00:34:15,960 --> 00:34:18,520
Speaker 4: we're purchasing and where we're purchasing. And as I've said before,

716
00:34:19,560 --> 00:34:22,040
Speaker 4: we are only talking about that in investment terms. I'm

717
00:34:22,080 --> 00:34:24,320
Speaker 4: not talking about your first house or your first apartment.

718
00:34:24,560 --> 00:34:27,360
Speaker 4: To me, that is a hygiene factor, not that you

719
00:34:27,440 --> 00:34:29,920
Speaker 4: need to have one. Beck I don't think that anyone

720
00:34:29,960 --> 00:34:32,280
Speaker 4: needs to purchase property if they don't want to. Renting

721
00:34:32,400 --> 00:34:36,239
Speaker 4: is totally acceptable as an outcome for putting a roof

722
00:34:36,239 --> 00:34:38,399
Speaker 4: over your head. Like, it doesn't matter if you own

723
00:34:38,440 --> 00:34:41,040
Speaker 4: property or not, that's not the point. But if you

724
00:34:41,280 --> 00:34:43,759
Speaker 4: choose to buy a property to live in, that's not

725
00:34:43,800 --> 00:34:48,400
Speaker 4: an investment because if you've chosen it to be an investment,

726
00:34:48,760 --> 00:34:50,880
Speaker 4: you would have to sell it for that money to

727
00:34:50,960 --> 00:34:54,000
Speaker 4: actually have an impact on your life. So don't get

728
00:34:54,040 --> 00:34:56,160
Speaker 4: me wrong, it's an absolute privilege to pay off a

729
00:34:56,200 --> 00:34:58,560
Speaker 4: mortgage completely and not have to be paying rent each

730
00:34:58,600 --> 00:35:01,399
Speaker 4: in every single month. But we also need to look

731
00:35:01,400 --> 00:35:03,759
Speaker 4: at the flip side of that, where if you go, yeah,

732
00:35:03,800 --> 00:35:07,600
Speaker 4: but it'll increase in value. That's that old school concept

733
00:35:07,640 --> 00:35:08,480
Speaker 4: of downsizing.

734
00:35:08,560 --> 00:35:09,200
Speaker 1: Right.

735
00:35:09,360 --> 00:35:12,759
Speaker 4: It's like their stereotypical two lawyers. They get married, but

736
00:35:13,560 --> 00:35:15,400
Speaker 4: they have a lot of income. They go by the

737
00:35:15,400 --> 00:35:18,799
Speaker 4: biggest house in a very fancy suburb. Right, they work

738
00:35:18,880 --> 00:35:21,799
Speaker 4: until they retire. They retire at the ripe old age

739
00:35:21,840 --> 00:35:24,080
Speaker 4: of sixty five years early. You can see the lawyers

740
00:35:24,080 --> 00:35:24,799
Speaker 4: a right, big dog.

741
00:35:24,880 --> 00:35:25,000
Speaker 1: Right.

742
00:35:25,080 --> 00:35:28,640
Speaker 4: Yeah, their property is now worth like five million dollars, oh,

743
00:35:28,719 --> 00:35:31,120
Speaker 4: big dog. But all their money is tied up in

744
00:35:31,160 --> 00:35:33,360
Speaker 4: that five million dollar property because it was a big

745
00:35:33,440 --> 00:35:36,759
Speaker 4: mortgage and they've spent their entire lives paying that mortgage off.

746
00:35:36,800 --> 00:35:40,919
Speaker 4: Right for them to live comfortably in retirement, because they've

747
00:35:41,040 --> 00:35:44,640
Speaker 4: used their family home as their main asset, you know

748
00:35:44,680 --> 00:35:46,440
Speaker 4: what they have to do. They have to sell their

749
00:35:46,480 --> 00:35:49,920
Speaker 4: family home because you don't just have five million dollars.

750
00:35:49,960 --> 00:35:52,520
Speaker 4: Like your house might be worth five million dollars, but

751
00:35:52,600 --> 00:35:54,640
Speaker 4: if you've worked your entire life to build up this

752
00:35:54,800 --> 00:35:57,359
Speaker 4: beautiful big home, doesn't matter if it's the big or small.

753
00:35:57,360 --> 00:35:59,560
Speaker 4: This is just the example I'm using, you worked your

754
00:35:59,560 --> 00:36:02,520
Speaker 4: whole life for this, right, You've built it up, you've

755
00:36:02,600 --> 00:36:05,120
Speaker 4: done all of this stuff, and you're so excited about it.

756
00:36:05,760 --> 00:36:08,560
Speaker 4: But now it's all designed the way that you want

757
00:36:08,560 --> 00:36:11,000
Speaker 4: it designed, and you've brought up your kids in there,

758
00:36:11,000 --> 00:36:13,200
Speaker 4: and now your grandkids come over. For you to have

759
00:36:13,200 --> 00:36:15,839
Speaker 4: a comfortable retirement, you have to sell that house. You

760
00:36:15,840 --> 00:36:18,400
Speaker 4: have to move potentially into a different suburb because you

761
00:36:18,400 --> 00:36:22,280
Speaker 4: can no longer afford the suburb. While still having retirement savings,

762
00:36:22,520 --> 00:36:24,440
Speaker 4: you might go and buy a house for two million

763
00:36:24,440 --> 00:36:27,360
Speaker 4: dollars in a different area, and now you have access

764
00:36:27,400 --> 00:36:32,759
Speaker 4: to the additional cash to retire comfortably. So from my perspective, Beck,

765
00:36:32,800 --> 00:36:35,200
Speaker 4: why did we save all our money and invest it

766
00:36:35,480 --> 00:36:38,600
Speaker 4: technically into this big family home for us to then

767
00:36:38,680 --> 00:36:41,680
Speaker 4: dispose of it if it is our one favorite true asset.

768
00:36:42,560 --> 00:36:43,439
Speaker 1: Like if you've worked your.

769
00:36:43,440 --> 00:36:45,960
Speaker 4: Entire life for your dream family home but all your

770
00:36:45,960 --> 00:36:48,480
Speaker 4: money is tied up in it, well, do you want

771
00:36:48,480 --> 00:36:50,520
Speaker 4: to have to throw your family home down the drain

772
00:36:50,640 --> 00:36:52,960
Speaker 4: so that you move to a smaller place Like, Don't

773
00:36:52,960 --> 00:36:56,400
Speaker 4: get me wrong, that's a very valid investment strategy if

774
00:36:56,760 --> 00:36:58,920
Speaker 4: that's aligned to your family values and what you want

775
00:36:58,960 --> 00:37:02,680
Speaker 4: to create. Telling you right now, I have only just

776
00:37:02,680 --> 00:37:05,160
Speaker 4: finished renovating. It's not even finished. Don't even start me

777
00:37:05,640 --> 00:37:09,239
Speaker 4: my first home. I'm so excited about it, but I

778
00:37:09,360 --> 00:37:13,959
Speaker 4: also know that it's not my forever home. However, having

779
00:37:14,000 --> 00:37:16,879
Speaker 4: gone through this whole process of picking things and doing

780
00:37:16,880 --> 00:37:18,400
Speaker 4: my own bathrooms and oh my god, I got to

781
00:37:18,400 --> 00:37:21,279
Speaker 4: pick the carpets and the lights in my bedroom. If

782
00:37:21,320 --> 00:37:24,000
Speaker 4: I get to my big family home one day and

783
00:37:24,040 --> 00:37:26,120
Speaker 4: I do that, I don't want to sell that. I

784
00:37:26,160 --> 00:37:28,000
Speaker 4: want to bring my kids up in that house. I

785
00:37:28,040 --> 00:37:30,440
Speaker 4: would want my kids to bring home their kids and

786
00:37:30,840 --> 00:37:33,120
Speaker 4: that's their grandparents' house. Do you know what I mean? Like,

787
00:37:33,440 --> 00:37:35,799
Speaker 4: everybody has different values, and I'm not saying that you

788
00:37:35,880 --> 00:37:38,120
Speaker 4: need the same ones as mine, But I think that

789
00:37:38,160 --> 00:37:41,399
Speaker 4: we need to reframe this idea that your family home

790
00:37:41,560 --> 00:37:44,520
Speaker 4: is an investment, because from my perspective, it's only an

791
00:37:44,520 --> 00:37:47,359
Speaker 4: investment if you're willing to dispose of it. Does that

792
00:37:47,400 --> 00:37:47,839
Speaker 4: make sense?

793
00:37:47,880 --> 00:37:49,320
Speaker 1: It makes so much sense.

794
00:37:49,360 --> 00:37:53,120
Speaker 4: Okay, So other house ran to side. We now move

795
00:37:53,160 --> 00:37:56,120
Speaker 4: on to shares, and they are, from my perspective, one

796
00:37:56,160 --> 00:37:59,040
Speaker 4: of the most attractive investment types. Do you know why

797
00:37:59,120 --> 00:38:02,239
Speaker 4: I think they're real sex because they do two things, Beck,

798
00:38:02,320 --> 00:38:05,160
Speaker 4: in this day and age, two things. I know, we

799
00:38:05,320 --> 00:38:10,720
Speaker 4: love a flexible gal. They can increase in value. Nice.

800
00:38:10,920 --> 00:38:13,600
Speaker 1: Nice, But they can also pay you with dividends.

801
00:38:13,760 --> 00:38:18,320
Speaker 4: Oh my, I've worn something that is worth more tomorrow

802
00:38:18,719 --> 00:38:20,759
Speaker 4: and also paid me for the privilege.

803
00:38:21,840 --> 00:38:23,040
Speaker 1: Hot girlshit. Yeah.

804
00:38:23,080 --> 00:38:26,440
Speaker 4: Anyway, So shares I think are relatively attractive, but we

805
00:38:26,520 --> 00:38:29,360
Speaker 4: know that they're more risky. So because they're more risky,

806
00:38:29,400 --> 00:38:31,600
Speaker 4: people tend to shy away from them. But they usually

807
00:38:31,640 --> 00:38:33,800
Speaker 4: shy away from them because they don't have the education

808
00:38:33,880 --> 00:38:37,399
Speaker 4: around what we're building. So when I say I am

809
00:38:37,480 --> 00:38:41,800
Speaker 4: a very conservative, aggressive investor, I say I'm willing to

810
00:38:41,880 --> 00:38:45,000
Speaker 4: take a lot of risk by exposing most of my

811
00:38:45,160 --> 00:38:49,319
Speaker 4: money to the share market. So I'm happy for my

812
00:38:49,440 --> 00:38:52,680
Speaker 4: money to all be in shares. I do have my

813
00:38:52,719 --> 00:38:55,600
Speaker 4: emergency fund. Please don't get me wrong. Never invest your

814
00:38:55,600 --> 00:38:57,800
Speaker 4: emergency fund. Beck, They're the rules.

815
00:38:57,840 --> 00:39:00,000
Speaker 1: I made them, so you've got to follow them.

816
00:39:00,000 --> 00:39:02,359
Speaker 4: You have to follow you have to follow them. Yeah, absolutely,

817
00:39:02,480 --> 00:39:07,120
Speaker 4: no investing of your emergency fund. However, as a conservative,

818
00:39:07,560 --> 00:39:13,080
Speaker 4: risky investor, I'm not picking crypto. I'm not picking shares

819
00:39:13,080 --> 00:39:16,160
Speaker 4: that have just joined the market. I'm not picking Do

820
00:39:16,200 --> 00:39:18,319
Speaker 4: you remember when everyone was talking about after pay shares

821
00:39:18,360 --> 00:39:21,040
Speaker 4: and they were just like super excited about buying after pay.

822
00:39:21,160 --> 00:39:22,160
Speaker 1: Yeah that does ring a bell.

823
00:39:22,239 --> 00:39:24,840
Speaker 4: Yeah, I feel like it was maybe like twenty eighteen,

824
00:39:24,920 --> 00:39:27,439
Speaker 4: twenty nineteen. Everyone was like, oh my god, I wont

825
00:39:27,480 --> 00:39:29,160
Speaker 4: after pain and I was like, oh, a big billion energy,

826
00:39:29,160 --> 00:39:32,560
Speaker 4: you will. But after pay weren't paying dividends. So I

827
00:39:32,600 --> 00:39:34,320
Speaker 4: was like, I'm not buying that because I want to

828
00:39:34,320 --> 00:39:37,120
Speaker 4: be paid for the privileged baby. Yes, So to me,

829
00:39:37,480 --> 00:39:40,359
Speaker 4: that was not a share that I purchased, and the

830
00:39:40,400 --> 00:39:43,399
Speaker 4: only way people were making money by buying after pay

831
00:39:43,440 --> 00:39:46,600
Speaker 4: shares back then was to buy them, have them increase

832
00:39:46,680 --> 00:39:48,120
Speaker 4: in value, and sell them.

833
00:39:48,480 --> 00:39:49,880
Speaker 1: Laughing at and joke that I was going to make,

834
00:39:49,960 --> 00:39:51,000
Speaker 1: but I.

835
00:39:50,960 --> 00:39:52,080
Speaker 4: Know I want to hear joke now.

836
00:39:52,239 --> 00:39:54,959
Speaker 1: Okay, Well you were going to say they don't play paid,

837
00:39:55,680 --> 00:39:57,879
Speaker 1: they don't pay dividends. I was going to say, it's

838
00:39:57,880 --> 00:40:02,200
Speaker 1: a selfish not a share. Yeah, okay, anyway, that's so dumb.

839
00:40:02,520 --> 00:40:03,160
Speaker 1: Who are so?

840
00:40:04,120 --> 00:40:06,080
Speaker 4: I love that you tried.

841
00:40:06,239 --> 00:40:08,560
Speaker 1: Thank you and thank you pople laugh here even though

842
00:40:08,560 --> 00:40:10,040
Speaker 1: it was so dumb.

843
00:40:09,800 --> 00:40:11,960
Speaker 4: That's why I laughed. I think everyone's like that, what

844
00:40:12,000 --> 00:40:12,319
Speaker 4: was that?

845
00:40:12,719 --> 00:40:13,000
Speaker 2: Really?

846
00:40:13,000 --> 00:40:13,439
Speaker 1: Really bad?

847
00:40:13,600 --> 00:40:18,320
Speaker 4: She's usually really funny for you. Thank you, You're welcome,

848
00:40:18,440 --> 00:40:22,120
Speaker 4: but sorry continue. I want assets that to me are

849
00:40:22,160 --> 00:40:27,120
Speaker 4: really stable. So as much as to quote every investment

850
00:40:27,160 --> 00:40:30,320
Speaker 4: professional ever, past performance is not a reliable predictor of

851
00:40:30,360 --> 00:40:34,960
Speaker 4: future performance. I do not want to be buying things

852
00:40:35,000 --> 00:40:37,840
Speaker 4: that don't have good past performance, as much as we

853
00:40:37,880 --> 00:40:40,160
Speaker 4: can't use it as a predictor of the future. To me,

854
00:40:40,239 --> 00:40:43,160
Speaker 4: it's what's making me feel comfortable about the future. So

855
00:40:43,239 --> 00:40:45,320
Speaker 4: if a share has been on the Australian share market

856
00:40:45,360 --> 00:40:47,479
Speaker 4: for the last fifty years, has for the last fifty

857
00:40:47,560 --> 00:40:51,160
Speaker 4: years paid out a dividend and has consistently increased in value,

858
00:40:51,239 --> 00:40:54,279
Speaker 4: we're not saying doubled every year, because that's unsustainable, do

859
00:40:54,280 --> 00:40:57,399
Speaker 4: you know, just bopping along, going up, maybe in line

860
00:40:57,440 --> 00:40:58,319
Speaker 4: with inflation, that.

861
00:40:58,280 --> 00:41:01,040
Speaker 1: Would be good, just just keeping We love a girl

862
00:41:01,040 --> 00:41:01,880
Speaker 1: that just keeps up.

863
00:41:02,600 --> 00:41:05,040
Speaker 4: We're not trying to go fast, You're just trying to

864
00:41:05,080 --> 00:41:09,120
Speaker 4: get to the place safely, right. So for me, I

865
00:41:09,120 --> 00:41:12,120
Speaker 4: would much prefer that type of share than a risky one.

866
00:41:12,320 --> 00:41:16,040
Speaker 4: So when I say that I'm conservative but aggressive, I

867
00:41:16,080 --> 00:41:19,319
Speaker 4: have most of my assets tied up in shares, But

868
00:41:19,400 --> 00:41:22,520
Speaker 4: beck those shares are so boring it's not funny. Like

869
00:41:22,640 --> 00:41:26,120
Speaker 4: those shares are the most conservative shares I could buy.

870
00:41:26,360 --> 00:41:29,200
Speaker 4: They are what is called blue chip shares, and I

871
00:41:29,320 --> 00:41:32,959
Speaker 4: have them spread across a few ETFs because again, love

872
00:41:33,040 --> 00:41:37,200
Speaker 4: some diversification as much as I could, and have managed

873
00:41:37,239 --> 00:41:42,319
Speaker 4: my own direct share portfolio before. Just love a good ETF. Sometimes, Yeah,

874
00:41:42,600 --> 00:41:44,040
Speaker 4: they do good. They be good.

875
00:41:44,360 --> 00:41:45,240
Speaker 1: They've got good.

876
00:41:45,080 --> 00:41:48,560
Speaker 4: Fund managers involved with them, They're from good companies. I've

877
00:41:48,560 --> 00:41:50,920
Speaker 4: got a little bit of Australian shares, like we've got

878
00:41:50,920 --> 00:41:53,760
Speaker 4: some Australian stuff. I've got some international stuff as well.

879
00:41:53,920 --> 00:41:55,400
Speaker 1: Wow, discriminate.

880
00:41:55,600 --> 00:42:00,480
Speaker 4: I love some international stuff in an ETF too. Tax oblations,

881
00:42:00,520 --> 00:42:04,160
Speaker 4: they're not as complicated as if I owned them directly. Sure,

882
00:42:04,280 --> 00:42:07,080
Speaker 4: So I just I'm a low maintenance kind of girlie.

883
00:42:08,719 --> 00:42:11,080
Speaker 4: I don't want much except all of the returns.

884
00:42:11,440 --> 00:42:13,719
Speaker 1: I want those exactly, we wouldn't hurt.

885
00:42:13,840 --> 00:42:15,880
Speaker 4: So when I say that, I'm the type of person

886
00:42:15,920 --> 00:42:18,440
Speaker 4: I don't really like taking on risk that it's unnecessary

887
00:42:19,040 --> 00:42:22,400
Speaker 4: for me. I just want to be that slow and steady.

888
00:42:22,000 --> 00:42:25,319
Speaker 1: Horse that wins the race. She's not making a fuss, she'sactly.

889
00:42:25,760 --> 00:42:27,719
Speaker 4: I want to look at my portfolio, and as much

890
00:42:27,760 --> 00:42:30,520
Speaker 4: as like this is hypocritical, I'm so happy to share

891
00:42:30,520 --> 00:42:33,320
Speaker 4: it with all my friends, which are you. I still

892
00:42:33,480 --> 00:42:36,000
Speaker 4: when I log into my platform to have a look

893
00:42:36,000 --> 00:42:39,480
Speaker 4: at my shares, if my portfolio is down, I get

894
00:42:39,480 --> 00:42:41,359
Speaker 4: that like hit in the chest, you know, and you're like, oh,

895
00:42:42,040 --> 00:42:43,640
Speaker 4: you know that feeling that you get if you're not

896
00:42:43,680 --> 00:42:45,799
Speaker 4: an investor. You get that feeling when you check your

897
00:42:45,840 --> 00:42:47,439
Speaker 4: bank account and you thought there was one hundred bucks

898
00:42:47,480 --> 00:42:48,719
Speaker 4: more in there than there actually was.

899
00:42:49,280 --> 00:42:52,359
Speaker 1: It's that feeling when you're But.

900
00:42:53,080 --> 00:42:55,600
Speaker 4: That's just the emotional investing journey, and we have to

901
00:42:55,640 --> 00:42:57,520
Speaker 4: be aware of that. And the reason I'm sharing that

902
00:42:57,560 --> 00:43:01,360
Speaker 4: with you right now is because I genuinely get a

903
00:43:01,400 --> 00:43:04,080
Speaker 4: little bit stressy about it, regardless of how much education

904
00:43:04,239 --> 00:43:06,680
Speaker 4: I have. But that's why we need to be educated,

905
00:43:06,680 --> 00:43:10,040
Speaker 4: because then I go, actually, Victoria, put your ex financial

906
00:43:10,040 --> 00:43:11,640
Speaker 4: advisor hat right back on.

907
00:43:11,719 --> 00:43:14,560
Speaker 1: And tell yourself that it's just your reflection of the market.

908
00:43:14,880 --> 00:43:17,239
Speaker 4: The market's not doing so well at the moment, so

909
00:43:17,320 --> 00:43:20,080
Speaker 4: it kind of makes sense that your portfolio is reflective.

910
00:43:20,360 --> 00:43:20,880
Speaker 1: Makes sense.

911
00:43:20,920 --> 00:43:23,840
Speaker 4: So if your portfolio is reflective of the market, you

912
00:43:23,880 --> 00:43:24,720
Speaker 4: can't be too mad.

913
00:43:24,840 --> 00:43:25,000
Speaker 2: No.

914
00:43:25,160 --> 00:43:27,920
Speaker 4: However, if your portfolio is tanking and the market is

915
00:43:27,920 --> 00:43:29,440
Speaker 4: doing really well, we need to have a look at

916
00:43:29,440 --> 00:43:29,920
Speaker 4: what you've done.

917
00:43:30,640 --> 00:43:32,759
Speaker 1: Absolutely, but actually it's not you.

918
00:43:33,120 --> 00:43:37,319
Speaker 4: It's market exactly, especially if you've chosen assets that are

919
00:43:37,400 --> 00:43:42,440
Speaker 4: well diversified, and diversified can be really scary. But Beckett's

920
00:43:42,440 --> 00:43:44,680
Speaker 4: basically just not putting all your eggs in one basket.

921
00:43:45,080 --> 00:43:47,120
Speaker 4: So if you've got a thousand dollars and you're trying

922
00:43:47,120 --> 00:43:49,920
Speaker 4: to invest for the first time, buy a few different

923
00:43:50,000 --> 00:43:53,760
Speaker 4: options or an ETF or a managed fund or something

924
00:43:53,800 --> 00:43:56,919
Speaker 4: that is going to give you that instant diversification. Because

925
00:43:56,960 --> 00:43:59,600
Speaker 4: if you went and just bought one bank, I promise

926
00:43:59,760 --> 00:44:01,240
Speaker 4: that it's not good diversification.

927
00:44:01,400 --> 00:44:03,440
Speaker 1: Sure, it is really bad diversification.

928
00:44:03,760 --> 00:44:05,000
Speaker 4: I could not recommend it.

929
00:44:05,000 --> 00:44:06,439
Speaker 1: It is a solid advice fee.

930
00:44:06,960 --> 00:44:07,960
Speaker 4: He's an investor.

931
00:44:08,719 --> 00:44:10,640
Speaker 1: I think I'm almost there. Via I feel like that's

932
00:44:10,680 --> 00:44:12,279
Speaker 1: a really good place to leave it for today.

933
00:44:12,440 --> 00:44:13,719
Speaker 4: Is it a good place to leave it because you're

934
00:44:13,760 --> 00:44:16,040
Speaker 4: run out of time or you've run out of like

935
00:44:16,239 --> 00:44:20,120
Speaker 4: energy capacity? Okay, that makes sense, But I can rant

936
00:44:20,200 --> 00:44:24,160
Speaker 4: on another episode because honestly, when it comes to investing,

937
00:44:24,800 --> 00:44:27,319
Speaker 4: essentially all of this is just trying to make you

938
00:44:27,360 --> 00:44:31,360
Speaker 4: feel as comfortable as possible when it comes to getting started.

939
00:44:31,400 --> 00:44:34,279
Speaker 4: And I feel like the hardest thing is actually just

940
00:44:34,360 --> 00:44:37,120
Speaker 4: taking the first sleep. And I think when it comes

941
00:44:37,200 --> 00:44:39,759
Speaker 4: to getting started on your investing journey. I know we've

942
00:44:39,800 --> 00:44:43,080
Speaker 4: talked about trades and how you know it's not worth

943
00:44:43,160 --> 00:44:45,800
Speaker 4: investing twenty dollars if your trade is twenty dollars, right,

944
00:44:46,560 --> 00:44:48,920
Speaker 4: But if that's what gets your foot in the market,

945
00:44:49,040 --> 00:44:51,520
Speaker 4: and it actually gives you exposure to an ETF so

946
00:44:51,600 --> 00:44:54,400
Speaker 4: you can follow the market go up and down and

947
00:44:54,440 --> 00:44:57,719
Speaker 4: you can get that emotional investing journey in. Maybe it's

948
00:44:57,760 --> 00:45:00,719
Speaker 4: an investment into your financial literacy so that you get

949
00:45:00,760 --> 00:45:03,319
Speaker 4: exposure to the market you feel really comfortable with it.

950
00:45:03,400 --> 00:45:06,080
Speaker 4: Would I recommend that all the time? Absolutely not. Maybe

951
00:45:06,120 --> 00:45:08,879
Speaker 4: find a shared trading platform that makes sense for your

952
00:45:09,000 --> 00:45:11,719
Speaker 4: investment amount, like beck if you were talking about, oh,

953
00:45:11,760 --> 00:45:14,520
Speaker 4: I have my first fifty bucks to invest, Well, I'm

954
00:45:14,560 --> 00:45:16,640
Speaker 4: not going to say go with self Wealth because they've

955
00:45:16,680 --> 00:45:19,640
Speaker 4: got a minimum investment amount of five hundred dollars. That's

956
00:45:19,640 --> 00:45:21,200
Speaker 4: not going to work for you, is it. But you

957
00:45:21,280 --> 00:45:24,160
Speaker 4: might consider something like share Z's where you can invest

958
00:45:24,200 --> 00:45:24,960
Speaker 4: with as little.

959
00:45:24,719 --> 00:45:25,319
Speaker 1: As one cent.

960
00:45:25,680 --> 00:45:28,239
Speaker 4: And that's not me trying to promote a platform at all.

961
00:45:28,320 --> 00:45:31,640
Speaker 4: I just think if you are looking to get invested

962
00:45:31,680 --> 00:45:34,000
Speaker 4: there is going to be an option for you. In fact,

963
00:45:34,440 --> 00:45:36,560
Speaker 4: just to do a little shameless plug, I wrote a book.

964
00:45:36,680 --> 00:45:39,359
Speaker 4: It's called Investing Wishes on the Money. I did a

965
00:45:39,480 --> 00:45:42,080
Speaker 4: chart in that book, so maybe if you don't even

966
00:45:42,120 --> 00:45:44,080
Speaker 4: want to buy it, just like, head down to kmart,

967
00:45:44,120 --> 00:45:46,920
Speaker 4: open the book, take a photo of this chart, run away,

968
00:45:47,000 --> 00:45:50,279
Speaker 4: pretend it never happened. But it's a comparison of all

969
00:45:50,280 --> 00:45:53,240
Speaker 4: the fees, all the charges, all of the bells and whistles.

970
00:45:53,280 --> 00:45:56,480
Speaker 4: What exposure you get for a whole heap of investing

971
00:45:56,520 --> 00:45:59,600
Speaker 4: platforms that are most popular in our community. So we

972
00:45:59,680 --> 00:46:01,839
Speaker 4: go through spaceship, we go through rays, we go through

973
00:46:01,880 --> 00:46:03,960
Speaker 4: shares is, we go through self wealth, we go through

974
00:46:03,960 --> 00:46:08,080
Speaker 4: peerl like literally everything that is really popular in Australia

975
00:46:08,120 --> 00:46:10,440
Speaker 4: at the time that I wrote that book, I've compared.

976
00:46:10,719 --> 00:46:13,000
Speaker 4: So all you have to do is go through it

977
00:46:13,000 --> 00:46:14,920
Speaker 4: and go all right, Well, do I want a micro

978
00:46:15,000 --> 00:46:19,040
Speaker 4: investing platform? No, okay, Next I want to share trading platform.

979
00:46:19,239 --> 00:46:22,040
Speaker 4: I really want exposure to Australian shares. Okay, well, these

980
00:46:22,080 --> 00:46:24,760
Speaker 4: are the ones that give me access to that. Oh look,

981
00:46:25,000 --> 00:46:27,600
Speaker 4: here are the fees, here are the charges. I don't

982
00:46:27,600 --> 00:46:29,960
Speaker 4: know if I want that particular bell and whistle, or

983
00:46:30,200 --> 00:46:32,319
Speaker 4: I do want some more research, or I don't want

984
00:46:32,320 --> 00:46:34,800
Speaker 4: some more research. So you can make the best decision

985
00:46:34,880 --> 00:46:38,640
Speaker 4: for you, because picking a platform, from my perspective, one

986
00:46:38,680 --> 00:46:40,759
Speaker 4: of the hardest decisions when it comes to starting your

987
00:46:40,760 --> 00:46:41,520
Speaker 4: investing journey.

988
00:46:41,680 --> 00:46:44,359
Speaker 1: Right, well now is a really good time to leave.

989
00:46:44,440 --> 00:46:46,360
Speaker 4: Yeah, you're done with me? I are done.

990
00:46:46,560 --> 00:46:47,840
Speaker 1: Need to absorb all of this.

991
00:46:48,120 --> 00:46:49,440
Speaker 4: We can talk about it over lunch.

992
00:46:49,640 --> 00:46:50,319
Speaker 1: Oh, thank you.

993
00:46:50,680 --> 00:46:51,319
Speaker 4: Absolutely not.

994
00:46:53,080 --> 00:46:55,520
Speaker 1: We can talk about a multitude of other things, but

995
00:46:55,640 --> 00:46:57,120
Speaker 1: let's talk about this again.

996
00:46:57,440 --> 00:47:00,880
Speaker 4: Nor sorry for me? Sorry not sorry. Well, you have

997
00:47:01,000 --> 00:47:03,080
Speaker 4: a good week. We will see you on Friday for

998
00:47:03,120 --> 00:47:05,000
Speaker 4: Friday drinks and then we'll see you on Monday for

999
00:47:05,040 --> 00:47:06,960
Speaker 4: another Monday and money dough and I can't.

1000
00:47:06,800 --> 00:47:13,080
Speaker 1: Wait, can't wait. So you guys be goodbye boy.

1001
00:47:15,120 --> 00:47:17,640
Speaker 3: The advice shared on She's on the Money is general

1002
00:47:17,719 --> 00:47:21,560
Speaker 3: in nature and does not consider your individual circumstances. She's

1003
00:47:21,600 --> 00:47:25,080
Speaker 3: on the Money exists purely for educational purposes and should

1004
00:47:25,080 --> 00:47:28,280
Speaker 3: not be relied upon to make an investment or financial decision.

1005
00:47:28,640 --> 00:47:31,120
Speaker 3: If you do choose to buy a financial product, read

1006
00:47:31,120 --> 00:47:35,280
Speaker 3: the PDS TMD and obtain appropriate financial advice tailored towards

1007
00:47:35,320 --> 00:47:38,560
Speaker 3: your needs. Victoria divine and She's on the money. Are

1008
00:47:38,640 --> 00:47:43,640
Speaker 3: authorized representatives of money sheirper pty Ltd ABN three two

1009
00:47:43,680 --> 00:47:47,640
Speaker 3: one six four nine two seven seven zero eight AFSL

1010
00:47:47,800 --> 00:48:02,840
Speaker 3: four five one two eight nine