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

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Speaker 1: and I'm here to acknowledge country te glennyan Ganya nian

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Speaker 1: Ar Kaka yah Ya bin Aahaka nian Ar gay In, Mbini,

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Speaker 1: yak um Jar, Dominyamga, Doumaga, ihowaka Nwaman, damon Immalan, Bumba

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Speaker 1: bang gadaboma in and now in waka ghana on yak

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Speaker 1: rum Jar Watanadaa. Hello, beautiful friends, we gather on the

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Speaker 1: lands of the Aboriginal people. We thank acknowledge and respect

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Speaker 1: the Aberiginal people's land that we're gathering on today. Take

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Speaker 1: pleasure in all the land and respect all that you see.

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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

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Speaker 2: She's on the Money.

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

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Speaker 3: the Money the podcast and let's you be pervy about

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Speaker 3: other people's money habits for educational purposes, of course. Welcome

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Speaker 3: back to another one of our money diaries, brought to

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Speaker 3: you by Sky Wealth, where we get to talk with

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Speaker 3: one of our incredible shees on the Money community members

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Speaker 3: all about their journey. Let's jump straight into it, because

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Speaker 3: this week I got a message and it sounded exactly

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Speaker 3: like this. Hi Victoria, I wanted to share my investing story.

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Speaker 3: Dad got me investing in twenty fifteen when I started teaching,

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Speaker 3: and I believed everything he said. Twelve months later, after

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Speaker 3: a trip to England, I read The Barefoot Investor and

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Speaker 3: I started teaching my dad. Now I have one hundred

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Speaker 3: thousand dollars in shares and another one hundred thousand dollars

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Speaker 3: just casually zitting in our offset account, plus one hundred

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Speaker 3: and forty thousand dollars in superannuation. I live in a

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Speaker 3: dream location with my husband and just can't stop learning

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Speaker 3: about finances investing. Diarist. You are thirty two, sorry, one

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Speaker 3: hundred grand in shares, one hundred grand in your offset,

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Speaker 3: which means you also have a mortgage, and one hundred

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Speaker 3: and forty grand in super That's wizardry. I'm obsessed. I'm

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Speaker 3: glad you wanted to share your investing story.

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Speaker 2: Yeah, it's a hard one to invest is you don't

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Speaker 2: want to sound braggy or anything, but oh no, we

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Speaker 2: brag around you. Yeah, but that's why I wanted to

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Speaker 2: come on and I'm excited to talk about it with you.

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Speaker 2: And I've definitely made plenty of mistakes.

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Speaker 3: Okay, well let's learn more about that. But like when

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Speaker 3: you're anonymous, you can absolutely brag like it's not something

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Speaker 3: that I could rock up to breakfast with you and go,

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Speaker 3: oh god, so so sorry you've said that. You ages

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Speaker 3: go we're investing and something about you dad? How much

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Speaker 3: money have you got? Like we can't ask that at brunch.

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Speaker 3: We can have elusive around the corner questions and be like, oh, so,

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Speaker 3: hell's your investing journey going, and you go, good, good good?

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Speaker 3: How are the kids? Like, no, I get the perfect

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Speaker 3: details here because you're anonymous. And that's my favorite thing

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Speaker 3: about it. Before we get into it. Though. On every

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Speaker 3: episode of a Money Diary, an Investing Darry or a

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Speaker 3: Property Diary, I always ask Money Diarist money grade. If

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Speaker 3: I asked you to give your money habits a grade

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Speaker 3: from A through to F, what grade would you give them?

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Speaker 2: Look, I'm pretty used to giving grades, and i'd have

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Speaker 2: soon mean, I'm going to give myself an A. I'm

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Speaker 2: pretty happy with where I am.

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Speaker 3: I'd be very disappointed if you had put yourself as

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Speaker 3: anything less than an a. So I'm glad we like

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Speaker 3: kicking this off on exactly the same page now before

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Speaker 3: you got investing, I want to ask about your money story.

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Speaker 3: What was it like growing up, What was your attitude

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Speaker 3: towards money? What is a little bit about your money story.

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Speaker 2: I always sort of had an assumption that we didn't

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Speaker 2: have much money. I don't think that's actually necessarily true.

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Speaker 2: I just think mum and Dad were pretty careful, and

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Speaker 2: to some extent, the four kids, they're living a bit

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Speaker 2: paycheck to paycheck. You know, interest rates are crazy in

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Speaker 2: the nineties, and.

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Speaker 3: They don't let us forget about that either, do they.

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Speaker 4: No?

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Speaker 3: No, Like, oh wow, they were crazy in the nineties.

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Speaker 3: I was not aware enough, But you guys have kept

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Speaker 3: that alive for me, thank you. Yeah.

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Speaker 2: So, I sort of suppose I looked around and I

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Speaker 2: thought all my friends sort of got lots of stuff

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Speaker 2: and went on holidays every year, and that wasn't my experience.

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Speaker 2: But I think Mum and Dad just had to be

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Speaker 2: a bit more careful with all of us kids. And

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Speaker 2: I think they've really taught me what's important to spend

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Speaker 2: your money on and what's not. And it's really nice

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Speaker 2: because I can see now as my parents retire that

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Speaker 2: they're living like a great life, like they don't need

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Speaker 2: to worry about that anymore, which is also good.

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Speaker 3: I love that, And that's kind of like the dream outcome.

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Speaker 3: You don't need to be like a multi multi millionaire.

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Speaker 3: You just need to be comfortable so that you can

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Speaker 3: live the life you deserve. And like, how exciting is

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Speaker 3: it seeing that and not having to stress about your parents'

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Speaker 3: financial security or like what they're going to do, Like

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Speaker 3: that is a privilege in itself.

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Speaker 2: Absolutely. Yeah. And they've supported me a lot through UNI

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Speaker 2: and things like that, so they just had priorities and

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Speaker 2: I think that's what I've learned from them, to have priorities.

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Speaker 3: No, I love it. So let's go back to twenty fifteen.

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Speaker 3: You said in twenty fifteen, my dad got me into investing.

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Speaker 3: What does that mean? Like, are we investing like he

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Speaker 3: just did a crash course in the ASX. Are you

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Speaker 3: investing in like I don't know, race horses? Like, tell

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Speaker 3: me a bit more because that's elusive.

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Speaker 2: He told me about Comseex and he has had a

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Speaker 2: few shares and the different shares that he had and

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Speaker 2: he was like, oh, you know, we're onto a real

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Speaker 2: winner with Telstra. You should definitely get into Telstra. It's

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Speaker 2: about to go crazy, all right, dad, That's so cute.

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Speaker 3: Though. I hope that when Harvey's like old enough, I

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Speaker 3: can be like, oh, what shares are we looking at? Babe?

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Speaker 3: Like how fun?

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Speaker 2: Yeah, that's where I started. And if anyone is familiar

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Speaker 2: with how Tuestra has gone in the last ten years,

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Speaker 2: you may or may not know that it has not

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Speaker 2: been that high ever since then.

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Speaker 3: It's not been ideal. No, Like he wasn't wrong at

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Speaker 3: the time, but like, that's the thing about the share market,

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Speaker 3: and that's why I actively promote diversification, because if you

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Speaker 3: put all your eggs in the Telstra basket, you probably

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Speaker 3: wouldn't be doing so well. But I'm assuming you were diversified,

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Speaker 3: is that correct, because you don't get to having one

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Speaker 3: hundred thousand dollars in shares if you'd just invested in Telstra.

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Speaker 2: No, I am a dimestrad now. But it took me

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Speaker 2: a long time. It was I sort of didn't do

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Speaker 2: anything after that first time for maybe a year. I

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Speaker 2: just felt like I didn't know anything. I mean, when

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Speaker 2: I first got involved in investing, I thought it would

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Speaker 2: be instant, like you could put in your order and

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Speaker 2: then the money would come out of your account. Yeah,

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Speaker 2: and that didn't happen, and so I put in another

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Speaker 2: order m hm, and then I realized I didn't have

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Speaker 2: enough money to do two orders.

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Speaker 3: That's fair, that's fair. But like at least you were trying, Like, sorry,

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Speaker 3: I'm just a girl. Sometimes.

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Speaker 2: Yeah, I have to contact Consect and be like, oh good,

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Speaker 2: do you please help me?

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Speaker 3: That's okay, that's what they're there for.

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Speaker 2: Yeah, I love that.

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Speaker 3: So you started diversifying when you were a bit older,

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Speaker 3: what did that look like? At what point were you like,

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Speaker 3: I probably shouldn't just buy only tells your shares because

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Speaker 3: my dad told me too. Yeah. Clearly you went away,

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Speaker 3: which is very cool. Twelve months later tripped to England. Slay,

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Speaker 3: but you read the Barefoot Investor, And that's not usually

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Speaker 3: what I hear going together. Usually I hear people in

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Speaker 3: Australia reading the Barefoot Investor. Not I went to England

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Speaker 3: and discovered the Barefoot Investor. Like, okay, niche experience. But

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Speaker 3: what did that teach you?

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Speaker 4: So?

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Speaker 2: That taught me about budgeting, thinking about the different places

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Speaker 2: where I can put my money, and it also gave

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Speaker 2: me a more holistic idea about what the share market was,

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Speaker 2: rather than this is com sex and this is the

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Speaker 2: share to buy, like I got from that. I just

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Speaker 2: got a little bit more of an understanding of what

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Speaker 2: the share market was and how to be involved. And

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Speaker 2: then he also recommended to share that I probably didn't

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Speaker 2: do enough research in that was AFI. So at that

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Speaker 2: point that's when I bought some AFI. And then I

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Speaker 2: also learned about dividend reinvestments, so I just applied that

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Speaker 2: to my AFI shares. I think I'd also bought some

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Speaker 2: bank shares at this stage as well, So for all

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Speaker 2: of those shares, I had the dividend reinvestment and I

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Speaker 2: sort of let that all the dividends go back into

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Speaker 2: more shares. That was always fun getting that in the.

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Speaker 3: Mail, honestly, same like I still get the like share

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Speaker 3: certificates or the letters or whatever we want to call them.

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Speaker 3: I'm like, oh, that made seventy eight cents money in.

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Speaker 3: It all adds up. It all adds up. So talk

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Speaker 3: to me about now, like from there you like building

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Speaker 3: your shares, talk about your financial situation now, because now

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Speaker 3: you've got like a share portfolio, which we will get into.

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Speaker 3: Don't worry, guys, but another one hundred grand in your offset?

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Speaker 3: Why is there one hundred grand in your offset?

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Speaker 2: When I met my husband, we both actually had small unit,

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Speaker 2: and so what that meant is that I could move

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Speaker 2: into his, and then we rented out mine. When we

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Speaker 2: decided we wanted to upgrade into a bigger house in

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Speaker 2: sort of our forever house, our forever location, we thought

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Speaker 2: we could keep both, but then the interest rates just

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Speaker 2: went right up, and we just went, let's just the

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Speaker 2: peace of mind. I sold my unit, and that's why

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Speaker 2: I have quite a lot in my offset and in

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Speaker 2: my shares, because I got quite a return from selling

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Speaker 2: that unit. And we're just really good saviers as well.

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Speaker 3: Good girl, I love that. What's the intention with the

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Speaker 3: one hundred grand sitting there? Is that, because that's a

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Speaker 3: number that you guys like, we're really comfy with that,

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Speaker 3: we're going to leave that there and grow wealthy in

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Speaker 3: other ways? Or is there like a plan behind it?

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Speaker 2: We got some financial advice actually, because we had so

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Speaker 2: much money sitting there and we were a bit nervy

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Speaker 2: about spending it yeap because the interest rates were just

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Speaker 2: so high and it felt kind of like free money

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Speaker 2: because you're not paying interest and therefore you're not paying

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Speaker 2: tax on money earn. So we left it there for

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Speaker 2: that really high tax time.

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Speaker 3: Yeah, it's a good deal.

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Speaker 2: But then we were like, right, what's the best way,

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Speaker 2: and so for our sort of level of risk, we

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Speaker 2: decided to keep a bit of money in the offset

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Speaker 2: because we do really want to pay down our home loan.

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Speaker 2: And yeah, it just gives us peace of mind.

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Speaker 3: Yeah.

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Speaker 2: Love.

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Speaker 3: So before I get into your investment portfolio, what you hold,

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Speaker 3: which I cannot wait, I want to know what do

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Speaker 3: you do for work? I money are you earning.

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Speaker 2: I'm a teacher, so I'm earning just over one hundred

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Speaker 2: grand for for tech.

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Speaker 3: Very nice. And what's your super contributions?

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Speaker 2: Look like, I do pre tax super contributions of one

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Speaker 2: hundred dollars a fortnight.

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Speaker 3: I knew you would do extra. That's why I was like,

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Speaker 3: I'm going to ask about super You and I are

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Speaker 3: just on the staite. I just knew.

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Speaker 2: I just knew. Yeah, So that's actually when I first

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Speaker 2: started working. That was actually maybe more like two hundred,

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Speaker 2: but I've just pulled it back a little bit because

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Speaker 2: I'm going all right there, and I wanted to put

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Speaker 2: more money in my share portfolio.

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Speaker 3: Yeah, awesome. So in total, you have one hundred grand,

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Speaker 3: but like, specifically, how much do you have invested today

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Speaker 3: and tell me what you were invested in.

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Speaker 2: So, and this is my share foot folio. My husband

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Speaker 2: has his own as well that he plays with.

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Speaker 3: Oh very nice.

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Speaker 2: Yeah, but the offset is joined. I have eighty three

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Speaker 2: thousand in my superhero account and I have fifteen thousand

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Speaker 2: in my commsack account.

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Speaker 3: Ah okay, so I've split it between. You started on

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Speaker 3: com sex. What made you change to Superhero?

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Speaker 2: The brokerage, and it was just so easy. I find

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Speaker 2: with comsex there's a lot of feeling around and going

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Speaker 2: to different places, where a superhero was so much easier.

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Speaker 2: I had the account for about a year before I

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Speaker 2: actually used it.

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Speaker 3: That's something that lots of people do. And I'm only

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Speaker 3: asking because I'm not surprised because I'm the same I

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Speaker 3: used to use. And I've publicly talked about this before,

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Speaker 3: but I used to use self wealth to invest, which

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Speaker 3: is a more like I won't say, oh complex, it's

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Speaker 3: so smart, like it has all the same things, you

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Speaker 3: do the same thing, but the user experience is not

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Speaker 3: as good as chairs EA's and chair zyas is kind

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Speaker 3: of like similar to Superhero and that, like it's just

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Speaker 3: a clean user experience, Like it's just so easy. You've

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Speaker 3: got the app, you can go in there and click

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Speaker 3: I want to buy this, and it's just clean, Whereas

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Speaker 3: like com Sec and self Wealth, like you have to

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Speaker 3: be a little bit more manual in in putting it

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Speaker 3: and then it'll be like in how many units and

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Speaker 3: you've got to do a little bit of mental mats

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Speaker 3: there for that. I'm so sorry. So let's start with comseck.

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Speaker 3: My friend, what do you own On Comseck?

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Speaker 2: I actually did a really big sell down at the

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Speaker 2: start of the year after I got some financial advice.

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Speaker 2: But on com Sec, I still have my original AFI shares. Yep,

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Speaker 2: I have theas so, the Vanguard Australian Shares, and I

257
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Speaker 2: have the Vanguard High Diversity.

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Speaker 3: I don't think I've met anyone recently for an investing

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Speaker 3: diary that does not own that ETF. Yeah, like not

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Speaker 3: a recommendation, but I feel like when you're a part

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Speaker 3: of the community, you go down a rabbit hole of

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Speaker 3: your own research, and I think all of us come

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Speaker 3: to the conclusion that maybe that fits us. And I

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Speaker 3: just think that's so funny. So we've got VAS and

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Speaker 3: then Vanguard High Growth, so it's across the three of them.

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Speaker 3: What type of split is that? So pervy, I'm like,

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Speaker 3: what it's really it.

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Speaker 2: Is mostly the Australian Shares actually that's got twelve thousand

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Speaker 2: in it. The other two years represent me playing around

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Speaker 2: earlier on, whereas when I sold my first unit at

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Speaker 2: my house, I went, let's put something a bit more

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Speaker 2: substantial into shares, and that's what I decided with the

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Speaker 2: Australian Shares to do that.

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Speaker 3: And then if we swap over to your superhero account,

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Speaker 3: what do you hold on there DHF.

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Speaker 2: So that's my main contributor that have a reoccurring order

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Speaker 2: for every month. I've got the Ice Shares SMP five

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Speaker 2: hundred ETF, and I have the GBL which is like

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Speaker 2: a Global Shares that was to sort of balance out

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Speaker 2: my portfolio a little bit. And I just have a

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Speaker 2: couple of Vanguards or World Excluding US Shares Index as well.

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Speaker 3: Yeah, very cool. So that's a fair few different ETFs.

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Speaker 3: What led you to pick those? Is there like a

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Speaker 3: bigger strategy that you're working towards or are they just

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Speaker 3: things that you're interested in, Like, yeah, I just need

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Speaker 3: to be so pervy. I'm so sorry.

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Speaker 2: The S and P five hundred was because I wanted

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Speaker 2: to be exposed to American shares and I thought that

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Speaker 2: that made sense since I'd made a really big lump

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Speaker 2: sum in the Australian shares originally, that I would do

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Speaker 2: reoccurring orders in the US stock market. ETF the Financial

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Speaker 2: Advice we felt that I was skewed towards Australian.

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Speaker 3: YEP, that's what I'm feeling from your ETF. So I'm like, okay,

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Speaker 3: so she's got a lot of like exposure in a

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Speaker 3: good way to Australian shares. But like, I wouldn't be

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Speaker 3: surprised if some of those ETFs I could duplicate each

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Speaker 3: other in a little bit of a way. But then

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Speaker 3: all of them are quite high growth. So like even

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Speaker 3: with the DHHF that you mentioned, so for those who

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Speaker 3: probably don't follow ticket codes as closely, that's the beta

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Speaker 3: shares diversified all growthtf that is a relatively I would

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Speaker 3: say it's all growth like obviously in the name. But

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Speaker 3: you're a more growth to high growth investor, would you.

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Speaker 2: Say, yeah, particularly because of my age, like I don't

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Speaker 2: really need to be too careful.

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Speaker 3: Nope, that makes absolute sense. And so they've said, I'm

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Speaker 3: looking at your share portfolio and you're like oversaturated in

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Speaker 3: Australian shares. Were you comfortable with that or were you like,

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Speaker 3: I'm going to diversify this portfolio more or what did

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Speaker 3: that look like? Yeah?

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Speaker 2: Well, I had since come to the realization that I

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Speaker 2: needed to probably be less in Australian shares. I did

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Speaker 2: some reading about how like you're sort of overexposed to

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Speaker 2: Australian economy just by living in Australia. You've got a

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Speaker 2: job in Australia, You've got super in Australia.

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Speaker 3: You yeah, totally.

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Speaker 2: Yeah, So yeah, it made sense for me to go

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Speaker 2: more the whole world.

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Speaker 3: All right, let's go to a break, guys, don't go anywhere,

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Speaker 3: and then tell me about the strategy moving into the future.

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Speaker 3: Do you have a name for this strategy or are

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Speaker 3: you just like buying things that I like? Obviously, I

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Speaker 3: feel like I've spoken before. I have a core satellite approach.

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Speaker 3: What are you up to?

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Speaker 2: I don't have a name. I've just got a goal,

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Speaker 2: which is to move into three days a week of work.

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Speaker 3: Oh, exciting.

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Speaker 2: Yeah. So I'm mostly putting my money into DHF. Yeah,

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Speaker 2: with the goal that I'll be able to supplement my

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Speaker 2: income for about twenty to fifteen years until I retire

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Speaker 2: by just working yeah three days a week, which will

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Speaker 2: actually be even less because once our mortgage is paid,

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Speaker 2: I won't need as much money.

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Speaker 3: That's really exciting. Can I be real pervy? Why do

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Speaker 3: you want to want to work three days? Is it

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Speaker 3: like a lifestyle thing because you're like, I want to

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Speaker 3: go to the beach, and I mean you said in

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Speaker 3: your diary in you were like, we have a lifestyle property,

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Speaker 3: like we live in a great location. Or is there

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Speaker 3: like a side hustle you want to start. I just

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Speaker 3: want to know what are you doing with this time?

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Speaker 3: Because that's exciting.

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Speaker 2: Yeah. I want to be able to go to the beach.

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Speaker 2: I want to be able to go traveling and go

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Speaker 2: to different like we're pretty into hiking, and I want

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Speaker 2: to be able to spend the time on me and

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Speaker 2: feel a little less stressed. That's sort of my goal.

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Speaker 3: And tell me a bit more about these strategy to

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Speaker 3: pay down your mortgage. So one of the things that

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Speaker 3: a lot of investors do is, you know, they invest

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Speaker 3: at the same time as having a mortgage in the

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Speaker 3: priority isn't to smash down the mortgage, because you know,

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Speaker 3: the important thing for them is often time in the market,

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Speaker 3: as opposed to like waiting until you've gotten rid of debt.

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Speaker 3: What does that balance look like for you?

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Speaker 2: Yeah, so I've split my excess saving just fifty to

357
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Speaker 2: fifty between putting more into the offset and putting it

358
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Speaker 2: into shares. I suppose it's a bit of a mental

359
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Speaker 2: game two. With the mortgage, it just seems so high

360
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Speaker 2: and to be paying so much interest to somebody else.

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Speaker 2: I prefer to have that freedom of not paying somebody.

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Speaker 3: Else, absolutely absolutely. And I feel like that's such a

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Speaker 3: personal decision as well, because some people are like, Nope,

364
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Speaker 3: happy to pay that, because I'm doing this over here,

365
00:17:52,800 --> 00:17:54,960
Speaker 3: and it's all this is why we have investing those

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Speaker 3: because everybody would just come on and say the same

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Speaker 3: thing if it wasn't a personalized journey.

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Speaker 2: Right.

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Speaker 3: So, looking back at all of those investments that you hold,

370
00:18:03,680 --> 00:18:06,680
Speaker 3: what shares or ETFs have had the greatest returns because

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00:18:06,720 --> 00:18:09,080
Speaker 3: I'm guaranteeing you right now, it's not Telstra.

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Speaker 2: Oh yeah, and Telstra's gone.

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Speaker 3: Like she sold Telstra she opted out.

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Speaker 2: I sold it at the start of the year and

375
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Speaker 2: I got it was maybe not quite a loss because

376
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Speaker 2: of the dividend reinvestment, but it was probably a lost opportunity. Yeah.

377
00:18:21,680 --> 00:18:23,639
Speaker 3: I feel like a lot of people held onto that

378
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Speaker 3: one for a long time because you're like, but it's

379
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Speaker 3: an institution, like basically like it just she's tried, she's true,

380
00:18:29,880 --> 00:18:32,200
Speaker 3: she's one of the biggest Australian brands. She's got to

381
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Speaker 3: come back. And then she didn't, and it felt like

382
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Speaker 3: we were flogging a dead horse.

383
00:18:36,320 --> 00:18:39,479
Speaker 2: You're always told, but it was actually a weight off

384
00:18:39,520 --> 00:18:41,399
Speaker 2: my shoulder when I let that one go. Yeah, my

385
00:18:41,960 --> 00:18:46,680
Speaker 2: biggest winds have been the Ice Shares S and B

386
00:18:46,840 --> 00:18:50,800
Speaker 2: five hundred. I've had that for about two years, fortnightly

387
00:18:51,240 --> 00:18:54,119
Speaker 2: buying just a little bit, a really little bit. I

388
00:18:54,200 --> 00:18:56,520
Speaker 2: had free brokerage when Superhero offered that.

389
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Speaker 3: Yeah that was really sexy. Yeah, they don't do that anymore,

390
00:18:59,680 --> 00:19:02,239
Speaker 3: but that definitely got them a lot of clients at

391
00:19:02,240 --> 00:19:02,560
Speaker 3: the start.

392
00:19:02,720 --> 00:19:07,000
Speaker 2: Yeah, so that's gone up almost twenty five percent on average,

393
00:19:07,280 --> 00:19:10,200
Speaker 2: And so that's with dollar cost averaging, just yet putting

394
00:19:10,240 --> 00:19:13,159
Speaker 2: in Sometimes when they're on sale, I'll buy more and

395
00:19:13,320 --> 00:19:17,720
Speaker 2: then I've only been in the DF for the bulk

396
00:19:17,800 --> 00:19:21,760
Speaker 2: of my portfolio since the beginning of twenty twenty five,

397
00:19:22,400 --> 00:19:25,080
Speaker 2: and that's gone up just over eight percent, which is

398
00:19:25,880 --> 00:19:28,160
Speaker 2: a pretty sexy thing to have happened in a year.

399
00:19:28,400 --> 00:19:30,399
Speaker 2: And it's sort of that's right where I want it

400
00:19:30,480 --> 00:19:33,159
Speaker 2: to be. That's what it's there for, that eight percent.

401
00:19:33,760 --> 00:19:37,680
Speaker 2: And the All World excluding US shares actually has got

402
00:19:37,880 --> 00:19:40,280
Speaker 2: a high return as well, of twenty five percent.

403
00:19:40,320 --> 00:19:41,800
Speaker 3: I feel like that's something that a lot of people

404
00:19:41,840 --> 00:19:43,600
Speaker 3: have been like, oh no, Like I can't be bothered,

405
00:19:43,640 --> 00:19:47,000
Speaker 3: because I think the second you start thinking about international investment,

406
00:19:47,080 --> 00:19:50,280
Speaker 3: everyone immediately thinks, well, I need exposure to America, but

407
00:19:50,440 --> 00:19:54,119
Speaker 3: all world choose tracking like China and like all of

408
00:19:54,160 --> 00:19:57,000
Speaker 3: the Asian countries are starting to really pull their weight

409
00:19:57,040 --> 00:20:00,479
Speaker 3: when it comes to returns, and I'm finding that quite sexy.

410
00:20:00,640 --> 00:20:03,400
Speaker 3: I used to hold an ETF that doesn't exist anymore,

411
00:20:03,400 --> 00:20:05,879
Speaker 3: and it used to be called Asian All Stars, and

412
00:20:06,280 --> 00:20:09,040
Speaker 3: I loved her until they shut that down, and I

413
00:20:09,119 --> 00:20:11,160
Speaker 3: was a bit salty because I still haven't found something

414
00:20:11,240 --> 00:20:13,320
Speaker 3: that hits the nail on the head in exactly the

415
00:20:13,400 --> 00:20:16,479
Speaker 3: same way that they did. So if the fund manager

416
00:20:16,520 --> 00:20:19,040
Speaker 3: from like all stars could come back, I would be

417
00:20:19,160 --> 00:20:21,919
Speaker 3: very appreciative because I'd like to add it to my portfolio.

418
00:20:22,560 --> 00:20:25,520
Speaker 3: Talk me through what you've seen the worst returns on,

419
00:20:25,920 --> 00:20:28,400
Speaker 3: because I feel like I know what you're gonna say,

420
00:20:28,440 --> 00:20:29,920
Speaker 3: but I want to I want to know more, like

421
00:20:30,480 --> 00:20:31,400
Speaker 3: tell me the numbers.

422
00:20:32,160 --> 00:20:35,880
Speaker 2: Okay, well, yeah, like Telstra was not good. I ended

423
00:20:35,960 --> 00:20:39,720
Speaker 2: up I paid like six dollars fifty a share for that,

424
00:20:40,040 --> 00:20:43,200
Speaker 2: and I sold for four dollars a share for that,

425
00:20:43,720 --> 00:20:44,159
Speaker 2: which was.

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Speaker 3: Sort of like, oh, oh, that's got to hurt.

427
00:20:46,960 --> 00:20:51,480
Speaker 2: But because of dividem reinvestment, I had almost two hundred

428
00:20:51,720 --> 00:20:54,960
Speaker 2: extra shares by the time I went to sell, so

429
00:20:55,160 --> 00:20:57,080
Speaker 2: it balanced out a little bit. But yeah, I feel

430
00:20:57,080 --> 00:20:59,520
Speaker 2: like the opportunity cost but we're learning. Yeah, but I

431
00:20:59,680 --> 00:21:01,080
Speaker 2: was that was the thing.

432
00:21:01,200 --> 00:21:02,720
Speaker 3: And I think this is something that I want to

433
00:21:02,760 --> 00:21:05,280
Speaker 3: really double down on here because so many people get

434
00:21:05,320 --> 00:21:09,440
Speaker 3: analysis paralysis over making their first investment, and we're so

435
00:21:09,800 --> 00:21:14,399
Speaker 3: stressed about making the wrong first investment, and what's happened

436
00:21:14,400 --> 00:21:17,480
Speaker 3: to you during your journey you've gone through going Okay, cool,

437
00:21:17,520 --> 00:21:19,359
Speaker 3: my dad basically told me to buy a Telstra that

438
00:21:19,520 --> 00:21:22,040
Speaker 3: was honestly a bit of a flunk. Let's be honest,

439
00:21:22,760 --> 00:21:26,280
Speaker 3: but sorry. She's still managed to grow one hundred thousand

440
00:21:26,359 --> 00:21:30,200
Speaker 3: dollar portfolio. I would say she's doing really well even

441
00:21:30,240 --> 00:21:32,639
Speaker 3: though you're first, and I'm referring to you as her

442
00:21:32,680 --> 00:21:34,680
Speaker 3: because I can't use your name and I'm finding that

443
00:21:35,400 --> 00:21:39,280
Speaker 3: strangely hard today. But you've still grown one hundred thousand

444
00:21:39,280 --> 00:21:42,280
Speaker 3: dollars into a share portfolio. So if we go back

445
00:21:42,760 --> 00:21:46,280
Speaker 3: in time and I told you how Telstra was going

446
00:21:46,359 --> 00:21:48,399
Speaker 3: to perform, do you think you would have just not

447
00:21:48,520 --> 00:21:49,280
Speaker 3: invested at all?

448
00:21:49,480 --> 00:21:52,200
Speaker 2: I think so, And I think I've made a lot

449
00:21:52,320 --> 00:21:55,879
Speaker 2: of like those sort of mistakes along the way, but

450
00:21:56,040 --> 00:21:59,359
Speaker 2: I needed to to learn what I know now that

451
00:21:59,520 --> 00:22:03,119
Speaker 2: what I'm doing now is what I need to do,

452
00:22:04,080 --> 00:22:09,160
Speaker 2: and without those little mistakes, I would never have done anything.

453
00:22:09,480 --> 00:22:12,399
Speaker 2: And yeah, maybe my offset would have been bigger, but

454
00:22:12,640 --> 00:22:16,720
Speaker 2: I have two goals and this is where I know

455
00:22:17,200 --> 00:22:19,600
Speaker 2: I would prefer to be. And I just find it

456
00:22:19,720 --> 00:22:23,200
Speaker 2: so interesting. I love learning about investing, and until you

457
00:22:23,320 --> 00:22:26,000
Speaker 2: do it, you don't really understand because you're not really

458
00:22:26,119 --> 00:22:27,880
Speaker 2: feeling it until it's your money.

459
00:22:28,960 --> 00:22:30,720
Speaker 3: So what would you say to people this is just

460
00:22:30,800 --> 00:22:32,439
Speaker 3: my side note, What would you say to people who

461
00:22:32,480 --> 00:22:35,880
Speaker 3: are too scared or are currently in analysis paralysis mode

462
00:22:35,920 --> 00:22:37,560
Speaker 3: of pulling the trigger on their first share.

463
00:22:37,800 --> 00:22:40,680
Speaker 2: I would say, just do it. Choose an amount you're

464
00:22:40,760 --> 00:22:44,240
Speaker 2: willing to, like, it's almost fun money you're willing to

465
00:22:45,000 --> 00:22:47,879
Speaker 2: say a goodbye to, maybe a fair amount of it,

466
00:22:48,560 --> 00:22:50,960
Speaker 2: But just have a little go. You've you've got to

467
00:22:51,080 --> 00:22:54,400
Speaker 2: sort of see how the platform works, how it works

468
00:22:54,480 --> 00:22:57,000
Speaker 2: for you. What you're like, when are you going to

469
00:22:57,040 --> 00:22:58,919
Speaker 2: open your phone every five minutes? Or are you going

470
00:22:59,000 --> 00:23:01,240
Speaker 2: to be somebody who just lets go and sit and forget?

471
00:23:01,320 --> 00:23:04,600
Speaker 2: And I think that if you don't have a go,

472
00:23:05,640 --> 00:23:07,800
Speaker 2: you just will never know because you're always going to

473
00:23:07,840 --> 00:23:11,320
Speaker 2: be thinking about, oh, well that could have been me,

474
00:23:12,160 --> 00:23:14,320
Speaker 2: and you're looking at somebody else and you're just like, oh,

475
00:23:14,359 --> 00:23:17,520
Speaker 2: it doesn't make sense now because that market's run off

476
00:23:17,640 --> 00:23:19,639
Speaker 2: and I can't afford it. You're never going to do it.

477
00:23:19,840 --> 00:23:22,520
Speaker 2: I would do it even if it's your dad's worst advice.

478
00:23:22,880 --> 00:23:25,800
Speaker 2: And Dad and I always touch base and talk about

479
00:23:25,800 --> 00:23:26,320
Speaker 2: it because.

480
00:23:26,119 --> 00:23:29,119
Speaker 3: He apologized for that. By the way, Yeah, sorry about that.

481
00:23:29,480 --> 00:23:31,920
Speaker 3: Sorry about that led you down the wrong path, but lol,

482
00:23:31,960 --> 00:23:34,200
Speaker 3: you're an investor in ile, so like we're actually in

483
00:23:34,240 --> 00:23:34,879
Speaker 3: the better position.

484
00:23:35,160 --> 00:23:37,560
Speaker 2: Yeah, And like I teach him stuff like he didn't

485
00:23:37,600 --> 00:23:38,400
Speaker 2: know about ETF.

486
00:23:38,520 --> 00:23:40,959
Speaker 3: Oh I love this. He would have found that really sexy.

487
00:23:41,080 --> 00:23:42,840
Speaker 3: Surely he would have been like, girl, what are you

488
00:23:42,880 --> 00:23:43,359
Speaker 3: talking about?

489
00:23:43,480 --> 00:23:45,439
Speaker 2: Yeah, well, hopefully not sexy, but he's.

490
00:23:45,320 --> 00:23:49,040
Speaker 3: Allowed to find an ETF sexy, all right. Yeah, Like,

491
00:23:49,280 --> 00:23:51,920
Speaker 3: if we're talking about our dads and liking anything in

492
00:23:52,000 --> 00:23:53,639
Speaker 3: this world, it can be the share market.

493
00:23:53,840 --> 00:23:56,960
Speaker 2: Yeah. Well yeah, he thought it was a bit of

494
00:23:56,960 --> 00:24:00,560
Speaker 2: a scam, and I was like, no, this is actually Yeah,

495
00:24:00,560 --> 00:24:02,880
Speaker 2: you're going to exposure to way more companies and it's

496
00:24:02,920 --> 00:24:05,119
Speaker 2: way safer and you don't have to go out and

497
00:24:05,240 --> 00:24:06,359
Speaker 2: pick things exactly.

498
00:24:06,480 --> 00:24:08,560
Speaker 3: And after the Telstra debacle, I feel like that's a

499
00:24:08,600 --> 00:24:11,720
Speaker 3: good suggestion. I really do. He might be able to

500
00:24:11,800 --> 00:24:14,359
Speaker 3: take a page out of your book. Now, tell me

501
00:24:14,440 --> 00:24:17,920
Speaker 3: about your research. How are you doing your own research before?

502
00:24:17,960 --> 00:24:20,080
Speaker 3: Obviously you said you got some financial advice, but that

503
00:24:20,200 --> 00:24:23,080
Speaker 3: was only this year. Tell me a bit more about

504
00:24:24,160 --> 00:24:27,439
Speaker 3: what your research process looks like before pulling the trigger

505
00:24:27,520 --> 00:24:30,000
Speaker 3: on adding another investment to your portfolio.

506
00:24:30,240 --> 00:24:33,679
Speaker 2: Yeah, well I was a little ad hoc probably up

507
00:24:33,760 --> 00:24:36,720
Speaker 2: until about two or three years ago. So like my

508
00:24:36,840 --> 00:24:40,240
Speaker 2: investment like time frame has been ten years. But yeah,

509
00:24:40,280 --> 00:24:43,880
Speaker 2: I've sort of more consolidated probably in the last five years,

510
00:24:44,280 --> 00:24:48,200
Speaker 2: and I learnt pretty slowly. Like I went to the

511
00:24:48,320 --> 00:24:52,320
Speaker 2: Motley Fool and I thought, oh, this episode, this product

512
00:24:52,359 --> 00:24:55,399
Speaker 2: sounds really good. I'll buy that. I did not often

513
00:24:55,520 --> 00:24:59,879
Speaker 2: work out m hm. I've got your books as well.

514
00:25:00,000 --> 00:25:03,439
Speaker 2: So I think about like in COVID when we were

515
00:25:03,480 --> 00:25:06,520
Speaker 2: thinking about like medical things, I sort of had a

516
00:25:06,560 --> 00:25:10,320
Speaker 2: little look at like CSL for like the yeah, the

517
00:25:10,400 --> 00:25:13,080
Speaker 2: medical side, and I jumped in there for a little

518
00:25:13,119 --> 00:25:17,840
Speaker 2: bit and I've since jumped out again. Yeah, so barefoot

519
00:25:18,119 --> 00:25:21,520
Speaker 2: for a little while. He had like a extra platform

520
00:25:21,880 --> 00:25:24,480
Speaker 2: that you should subscribe to that my dad and I

521
00:25:24,800 --> 00:25:27,600
Speaker 2: we sort of did that a little bit together and

522
00:25:27,720 --> 00:25:31,160
Speaker 2: we took some of his recommendations. But yeah, it wasn't

523
00:25:31,240 --> 00:25:35,080
Speaker 2: until I found ETFs, which was your book and some

524
00:25:35,280 --> 00:25:37,879
Speaker 2: other books that I've looked at, that I really got, Okay,

525
00:25:38,119 --> 00:25:41,399
Speaker 2: the safe stuff that suits me, not the going around

526
00:25:41,480 --> 00:25:44,439
Speaker 2: and looking too much into like individual companies and how

527
00:25:44,480 --> 00:25:47,560
Speaker 2: they're projected to grow and what's their profit margins and

528
00:25:47,800 --> 00:25:52,480
Speaker 2: what's their pe ratio. I want just the ETF diversified.

529
00:25:53,160 --> 00:25:54,040
Speaker 2: That's my grow to Now.

530
00:25:54,280 --> 00:25:56,560
Speaker 3: I love that and it does make me laugh because

531
00:25:56,600 --> 00:25:58,879
Speaker 3: obviously when I wrote my book, and I've written a

532
00:25:58,880 --> 00:26:02,560
Speaker 3: few of them now. For my investing book, Girl the Wormhole,

533
00:26:02,680 --> 00:26:05,280
Speaker 3: I went down before I even started putting pen to

534
00:26:05,359 --> 00:26:07,760
Speaker 3: paper with that. I was like, well, I want to

535
00:26:07,800 --> 00:26:10,320
Speaker 3: do an investing book because obviously like one of my

536
00:26:10,400 --> 00:26:13,720
Speaker 3: biggest passions in life, but I also want it to

537
00:26:13,800 --> 00:26:16,800
Speaker 3: be better than everybody else's. So I remember going on

538
00:26:16,880 --> 00:26:19,560
Speaker 3: to the book topia website and going to the investing segment,

539
00:26:19,840 --> 00:26:23,640
Speaker 3: and I spent hundreds of dollars on every single investing

540
00:26:23,680 --> 00:26:25,760
Speaker 3: book I could get my hands on, and I was like,

541
00:26:25,920 --> 00:26:28,720
Speaker 3: I am not starting my book until I know like

542
00:26:28,880 --> 00:26:31,040
Speaker 3: what other people are saying in the market, and like

543
00:26:31,280 --> 00:26:33,920
Speaker 3: what I don't like about particular books or you know,

544
00:26:34,080 --> 00:26:36,119
Speaker 3: oh they've got a chapter on that that's really smart,

545
00:26:36,240 --> 00:26:39,160
Speaker 3: Like should I have that? So we weren't copying other people,

546
00:26:39,240 --> 00:26:41,000
Speaker 3: but I was like, I am not going to mess

547
00:26:41,000 --> 00:26:42,720
Speaker 3: around with this. I'm not just going to be like, oh, yeah,

548
00:26:42,760 --> 00:26:45,520
Speaker 3: here's my thoughts on investing. I was like, I need

549
00:26:45,720 --> 00:26:47,680
Speaker 3: to make sure that this hits the nail on the

550
00:26:47,760 --> 00:26:50,879
Speaker 3: head for women, this is approachable, this makes sense, and

551
00:26:51,000 --> 00:26:53,040
Speaker 3: getting your feedback like that, I'm like, that's why I

552
00:26:53,080 --> 00:26:55,520
Speaker 3: did it. Yeah, that research the amount of times I

553
00:26:55,680 --> 00:26:57,840
Speaker 3: was crying at three am over this. This is worth it.

554
00:26:58,080 --> 00:27:01,640
Speaker 3: Look at her, she's going I tried really hard, I promise,

555
00:27:02,320 --> 00:27:04,680
Speaker 3: So talk to me about all of this. It's so exciting.

556
00:27:04,800 --> 00:27:07,040
Speaker 3: Your long term goal you mentioned before was to like

557
00:27:07,160 --> 00:27:10,120
Speaker 3: work three days, then what is it is to retire

558
00:27:10,240 --> 00:27:13,919
Speaker 3: really ridiculously rich or is it to retire comfortably? Are

559
00:27:13,960 --> 00:27:16,080
Speaker 3: you planning on retiring at all? Or are we just

560
00:27:16,160 --> 00:27:17,879
Speaker 3: working three days a week forever?

561
00:27:18,119 --> 00:27:18,280
Speaker 1: Oh?

562
00:27:18,359 --> 00:27:21,919
Speaker 2: No, I would like to retire. I suppose I've really

563
00:27:22,080 --> 00:27:26,359
Speaker 2: lived very frugally and within my means. Not saying I

564
00:27:26,480 --> 00:27:29,760
Speaker 2: never splurge or go on a holiday. I absolutely went

565
00:27:29,800 --> 00:27:31,200
Speaker 2: to Bali this year with my friend.

566
00:27:31,320 --> 00:27:33,560
Speaker 3: That's still a budget holiday in a way, like I'm

567
00:27:33,600 --> 00:27:35,520
Speaker 3: not going to say that, you know absolutely everyone can

568
00:27:35,600 --> 00:27:38,160
Speaker 3: afford it. We can't. But like on the grand scheme

569
00:27:38,240 --> 00:27:40,240
Speaker 3: of like I'm going to go on a holiday, Barlie's

570
00:27:40,320 --> 00:27:41,840
Speaker 3: pretty reasonably priced.

571
00:27:42,280 --> 00:27:43,520
Speaker 2: Yeah, exactly exact.

572
00:27:43,560 --> 00:27:46,640
Speaker 3: Did that drive some of the decision, Yes for sure, Yes,

573
00:27:47,000 --> 00:27:49,119
Speaker 3: budgeting queen, So this is why I went to Bali

574
00:27:49,240 --> 00:27:49,640
Speaker 3: last year.

575
00:27:49,840 --> 00:27:52,560
Speaker 2: Yeah, it would be nice to not have to worry

576
00:27:53,720 --> 00:27:57,320
Speaker 2: about money. I know, I don't worry about money, Like

577
00:27:57,440 --> 00:28:00,280
Speaker 2: every day or anything, but to know that there was

578
00:28:00,440 --> 00:28:04,800
Speaker 2: enough there to maybe do the trip every year rather

579
00:28:04,920 --> 00:28:09,439
Speaker 2: than every five, you know, and to make choices about

580
00:28:09,880 --> 00:28:13,600
Speaker 2: where I live. We have an idea about getting like

581
00:28:13,680 --> 00:28:15,800
Speaker 2: a block of land that we can like go out

582
00:28:15,840 --> 00:28:17,200
Speaker 2: and camp on somewhere.

583
00:28:17,359 --> 00:28:18,359
Speaker 3: Oh that's so sweet.

584
00:28:18,800 --> 00:28:21,920
Speaker 2: Yeah, and sort of do a bit of like environmental

585
00:28:21,960 --> 00:28:24,680
Speaker 2: conservation and things like that, because that's another one of

586
00:28:24,720 --> 00:28:28,320
Speaker 2: our passions is to leave the world in a better

587
00:28:28,359 --> 00:28:31,200
Speaker 2: place than when we came. So to be able to

588
00:28:31,880 --> 00:28:35,520
Speaker 2: put my time and my money into something like that

589
00:28:35,960 --> 00:28:38,320
Speaker 2: is also what I would like to do.

590
00:28:38,600 --> 00:28:41,720
Speaker 3: I love that. And that seems like you probably have

591
00:28:42,000 --> 00:28:46,760
Speaker 3: ethical considerations when you're making decisions around adding to your portfolio.

592
00:28:46,880 --> 00:28:49,360
Speaker 3: How does that overlay over your investment strategy.

593
00:28:49,800 --> 00:28:52,400
Speaker 2: Yeah, well, I've also done a little bit of research

594
00:28:52,480 --> 00:28:56,240
Speaker 2: into this, and it's quite hard to look at whether

595
00:28:56,800 --> 00:29:01,360
Speaker 2: like a pure like ethical ETF is actually making an

596
00:29:01,440 --> 00:29:05,520
Speaker 2: impact on the environmental level, because people who tend to

597
00:29:05,640 --> 00:29:10,400
Speaker 2: not pollute very much, they can't reduce their pollution anymore.

598
00:29:11,000 --> 00:29:14,280
Speaker 2: So I've sort of come around it on that level

599
00:29:14,360 --> 00:29:17,520
Speaker 2: that I'm more thinking about the way I am as

600
00:29:17,600 --> 00:29:20,320
Speaker 2: a consumer. I write to work and I try to

601
00:29:20,320 --> 00:29:23,480
Speaker 2: not exspire too much new things, and not so much

602
00:29:23,520 --> 00:29:25,160
Speaker 2: on the investing thing, because I found it a bit

603
00:29:25,200 --> 00:29:28,320
Speaker 2: of a minefield when I looked into it as to

604
00:29:29,160 --> 00:29:31,600
Speaker 2: where your money actually goes and how much power you

605
00:29:31,760 --> 00:29:34,080
Speaker 2: have over what the companies are doing with that.

606
00:29:34,280 --> 00:29:37,240
Speaker 3: Yeah, and it's hard, right cause I've done full episodes

607
00:29:37,320 --> 00:29:39,600
Speaker 3: on this, and you guys have probably listened to them.

608
00:29:40,080 --> 00:29:42,640
Speaker 3: But like, just because they say they're ethical, like that

609
00:29:42,760 --> 00:29:46,400
Speaker 3: actually doesn't mean a lot, because what does ethical actually

610
00:29:46,560 --> 00:29:50,360
Speaker 3: mean to one person versus another? Like you might go, oh, well,

611
00:29:50,400 --> 00:29:52,480
Speaker 3: ethical is all the things that you've just done, But

612
00:29:52,560 --> 00:29:54,480
Speaker 3: I go, well, what about the great barrier reef? And

613
00:29:54,520 --> 00:29:56,880
Speaker 3: you might go, well, I haven't really thought about that.

614
00:29:57,000 --> 00:29:59,520
Speaker 3: But then I might talk to somebody else who'se main

615
00:29:59,600 --> 00:30:02,440
Speaker 3: prey are already is save the reef, and like they're

616
00:30:02,520 --> 00:30:05,640
Speaker 3: really wildly passionate about only protecting that part. But then

617
00:30:05,680 --> 00:30:08,440
Speaker 3: I go, well, what about things like tobacco or gambling?

618
00:30:08,480 --> 00:30:09,840
Speaker 3: And they're like no, no, no, I smoke and I

619
00:30:09,960 --> 00:30:11,880
Speaker 3: drink and I gamble, and I go okay, cool, Like

620
00:30:12,040 --> 00:30:17,280
Speaker 3: because we're all so different, Like there's no like ethical ETF.

621
00:30:17,600 --> 00:30:19,800
Speaker 3: Like they can't call it an ethical ETF because this

622
00:30:19,920 --> 00:30:22,480
Speaker 3: concept of ethical isn't a protected term. It's not like

623
00:30:23,000 --> 00:30:24,640
Speaker 3: you know when you go into the supermarket and it's

624
00:30:24,640 --> 00:30:27,840
Speaker 3: got the organic range and you go, okay, well everything

625
00:30:27,960 --> 00:30:31,320
Speaker 3: in that organic range meets this certain criteria, and I

626
00:30:31,480 --> 00:30:34,440
Speaker 3: know that I can check back that criteria and if

627
00:30:34,520 --> 00:30:37,200
Speaker 3: they were breaching any of that, they wouldn't exist in

628
00:30:37,280 --> 00:30:39,920
Speaker 3: that space. Just doesn't work like that, and I really

629
00:30:40,000 --> 00:30:42,320
Speaker 3: wish it did, because how good would it be to

630
00:30:42,440 --> 00:30:45,280
Speaker 3: have like banana stickers on ETFs, to be like this

631
00:30:45,400 --> 00:30:47,960
Speaker 3: one good and you go, yup, great, thank you. I

632
00:30:48,000 --> 00:30:50,240
Speaker 3: would really like that. Yeah, I want to be pervy.

633
00:30:50,360 --> 00:30:53,560
Speaker 3: You have done a lot to build this wealth. How

634
00:30:53,680 --> 00:30:56,160
Speaker 3: were you protecting it? Like? Have you got your personal

635
00:30:56,200 --> 00:30:57,280
Speaker 3: insurances sorted?

636
00:30:57,720 --> 00:30:57,760
Speaker 2: Like?

637
00:30:57,920 --> 00:30:59,560
Speaker 3: I just feel like you have, don't you?

638
00:31:00,200 --> 00:31:00,400
Speaker 2: Yeah?

639
00:31:00,560 --> 00:31:02,280
Speaker 3: Yeah, of course she does. Well.

640
00:31:02,360 --> 00:31:04,840
Speaker 2: Actually, when I read your book, I went and checked

641
00:31:04,840 --> 00:31:05,800
Speaker 2: what I was intuited for.

642
00:31:06,000 --> 00:31:09,400
Speaker 3: In my super Such a bully. I'm sorry, sorry, I'm

643
00:31:09,480 --> 00:31:11,800
Speaker 3: just like shaming you in this book, Like go check

644
00:31:11,840 --> 00:31:14,920
Speaker 3: your insurances, go in best get rich, Like I should

645
00:31:14,960 --> 00:31:17,160
Speaker 3: have thought better about what I told you to do.

646
00:31:17,560 --> 00:31:19,720
Speaker 3: I should be like in my book, go and write

647
00:31:19,800 --> 00:31:22,479
Speaker 3: really beautiful reviews about how smart and funny I am

648
00:31:22,560 --> 00:31:25,000
Speaker 3: on the internet, but no, I made you check your insurances.

649
00:31:25,480 --> 00:31:29,480
Speaker 2: Yeah, and so I looked into sort of changing them around.

650
00:31:29,600 --> 00:31:32,360
Speaker 2: But then I was a bit worried that by doing

651
00:31:32,440 --> 00:31:36,440
Speaker 2: too much change, I'd lose the sort of universal cover

652
00:31:36,760 --> 00:31:39,520
Speaker 2: that you have in your insurance. Yep. So I've just

653
00:31:39,600 --> 00:31:44,480
Speaker 2: got like extra cover by outside of insurance, all the

654
00:31:44,560 --> 00:31:47,920
Speaker 2: ones that you're supposed to have like permanent sensibility to.

655
00:31:48,120 --> 00:31:53,080
Speaker 3: You would have life insurance, trauma income protection TVD. Yeah,

656
00:31:53,160 --> 00:31:55,040
Speaker 3: and did you set those up yourself or did you

657
00:31:55,120 --> 00:31:57,480
Speaker 3: go and when you got financial advices? This is when

658
00:31:57,520 --> 00:31:58,200
Speaker 3: that got set up.

659
00:31:58,280 --> 00:32:01,200
Speaker 2: Yeah, so the financial client help to set that up.

660
00:32:01,280 --> 00:32:04,400
Speaker 3: Oh good, you just know it's been done properly. Then,

661
00:32:04,680 --> 00:32:06,360
Speaker 3: like you've dotted all the eyes and crossed all the

662
00:32:06,440 --> 00:32:08,680
Speaker 3: t's and like when you were saying, oh, I've still

663
00:32:08,720 --> 00:32:10,160
Speaker 3: got that one, but I've got an additional one, I

664
00:32:10,240 --> 00:32:13,360
Speaker 3: was like an advisor did that, didn't they? Because it

665
00:32:13,560 --> 00:32:16,160
Speaker 3: is so important and like it's what I have as well.

666
00:32:16,240 --> 00:32:18,880
Speaker 3: I still maintain my like default cover because I'm like, well,

667
00:32:18,920 --> 00:32:21,360
Speaker 3: that has absolutely no exclusions, And to be honest, it's

668
00:32:21,360 --> 00:32:23,520
Speaker 3: pretty cheap because there's grip cover and that's a good deal,

669
00:32:23,600 --> 00:32:27,080
Speaker 3: but I've topped up everywhere else and often an advisor

670
00:32:27,120 --> 00:32:29,680
Speaker 3: will be like, yeah, let's do it that way too. Now,

671
00:32:29,840 --> 00:32:31,880
Speaker 3: I want to know, what do you think is your

672
00:32:32,000 --> 00:32:33,240
Speaker 3: best investing habit?

673
00:32:33,520 --> 00:32:36,080
Speaker 2: Reoccurring orders. That's my best investing habit.

674
00:32:36,280 --> 00:32:36,960
Speaker 1: I love.

675
00:32:37,360 --> 00:32:39,640
Speaker 2: Yeah, And if I ever have any extra money, I

676
00:32:39,880 --> 00:32:42,400
Speaker 2: just do a little tweak and change it for the month.

677
00:32:42,680 --> 00:32:45,680
Speaker 2: So that's my best investing habit. And it took a

678
00:32:45,760 --> 00:32:48,560
Speaker 2: long time to get there, but I'm yeah, I'm confident now.

679
00:32:48,760 --> 00:32:51,720
Speaker 3: It feels overwhelming. Like I genuinely it took me a

680
00:32:51,760 --> 00:32:54,560
Speaker 3: while even to set up reoccurring orders because I felt

681
00:32:54,560 --> 00:32:57,920
Speaker 3: like maybe I have commitment issues, like and that's not

682
00:32:58,120 --> 00:33:01,440
Speaker 3: cool for anybody. But on the flip side, girlfriend, what's

683
00:33:01,480 --> 00:33:02,920
Speaker 3: your worst investing habit?

684
00:33:03,520 --> 00:33:07,800
Speaker 2: I think I've gotten out of it, which was yet

685
00:33:08,120 --> 00:33:10,680
Speaker 2: listening to other people, not really doing my research, probably

686
00:33:10,720 --> 00:33:13,600
Speaker 2: of the individuals you think. But I check a lot.

687
00:33:14,480 --> 00:33:16,920
Speaker 2: I actually had to put a limit on how many

688
00:33:16,960 --> 00:33:19,760
Speaker 2: times a day I could check my cout a day.

689
00:33:20,320 --> 00:33:22,719
Speaker 3: But what were you getting out of checking anxiety?

690
00:33:23,160 --> 00:33:25,720
Speaker 2: I don't know, I just I yeah, I don't know.

691
00:33:25,920 --> 00:33:28,320
Speaker 2: I'm just it was just a really bad habit. I'd

692
00:33:28,400 --> 00:33:31,120
Speaker 2: just always be checking and you'd be like, oh, yay,

693
00:33:31,360 --> 00:33:34,440
Speaker 2: I made this much and like, oh, I've lost money today.

694
00:33:35,080 --> 00:33:37,120
Speaker 2: So yeah, I've put a limit on my phone so

695
00:33:37,200 --> 00:33:38,640
Speaker 2: I can't do that too often.

696
00:33:38,920 --> 00:33:40,280
Speaker 3: You put a limit on your phone. That was like

697
00:33:40,400 --> 00:33:43,360
Speaker 3: me trying to manage my social media consumption. I'm like, no, girl,

698
00:33:43,480 --> 00:33:45,480
Speaker 3: you can't go on this app for any longer. And

699
00:33:45,520 --> 00:33:48,120
Speaker 3: then I still hit five more minutes. I'm like, oh,

700
00:33:48,280 --> 00:33:50,520
Speaker 3: just show me, Just show me another TikTok, one more,

701
00:33:50,600 --> 00:33:53,880
Speaker 3: one more. Yeah. So, my friend, now that we've had

702
00:33:53,920 --> 00:33:56,320
Speaker 3: this conversation, which I am very grateful for, I feel

703
00:33:56,360 --> 00:33:58,959
Speaker 3: like I've been able to be real Berbie, is there

704
00:33:59,200 --> 00:34:03,000
Speaker 3: anything that you would change about your investment strategy, your

705
00:34:03,080 --> 00:34:05,840
Speaker 3: investment story, or your investment journey thus far?

706
00:34:06,280 --> 00:34:09,480
Speaker 2: It would have been great to have a little bit

707
00:34:09,520 --> 00:34:12,120
Speaker 2: more confidence in the beginning. It was really drawn out

708
00:34:12,200 --> 00:34:16,399
Speaker 2: that initial period, like yeah, like really five years until

709
00:34:16,480 --> 00:34:20,560
Speaker 2: I really got confident enough to think that I could

710
00:34:20,600 --> 00:34:23,279
Speaker 2: do it. Yeah, that's why I would change. I as

711
00:34:23,440 --> 00:34:27,239
Speaker 2: like passed on your book to my sisters. They haven't

712
00:34:27,280 --> 00:34:29,160
Speaker 2: taking my advice yet, but one day I'm just really

713
00:34:29,239 --> 00:34:31,000
Speaker 2: hoping it will be there one day and they'll open

714
00:34:31,080 --> 00:34:32,880
Speaker 2: it and they'll they'll run with it.

715
00:34:33,160 --> 00:34:35,959
Speaker 3: That's so sweet. But also you can lead a horse

716
00:34:36,000 --> 00:34:38,120
Speaker 3: to water, like if they don't want to drink, that's

717
00:34:38,200 --> 00:34:38,600
Speaker 3: not on you.

718
00:34:38,960 --> 00:34:41,640
Speaker 2: I also one of them is started listening to your podcasting.

719
00:34:41,719 --> 00:34:44,320
Speaker 3: Oh hey, friend, if this money Doris sounds familiar to you,

720
00:34:44,520 --> 00:34:47,680
Speaker 3: know she does not. I love that money Dorist. I

721
00:34:47,719 --> 00:34:50,439
Speaker 3: wish we had so much more time to have a chat,

722
00:34:50,520 --> 00:34:53,279
Speaker 3: but unfortunately we are coming to the end of time.

723
00:34:53,680 --> 00:34:56,760
Speaker 3: Thank you so much. Honestly, this has been a pleasure

724
00:34:56,840 --> 00:34:59,120
Speaker 3: getting to know the ins and outs of your investment

725
00:34:59,200 --> 00:35:02,160
Speaker 3: journey and outs of buying Telstra. I feel like it's

726
00:35:02,200 --> 00:35:04,759
Speaker 3: such a good learning as well, like you being able

727
00:35:04,760 --> 00:35:06,160
Speaker 3: to come on the pot and be like, hey, cool,

728
00:35:06,239 --> 00:35:08,400
Speaker 3: so I got investing in twenty fifteen. This is what

729
00:35:08,520 --> 00:35:10,919
Speaker 3: I bought and honestly, it did not work out. But look,

730
00:35:11,400 --> 00:35:14,560
Speaker 3: the gateway of me getting into investing worked out, didn't it.

731
00:35:14,800 --> 00:35:17,320
Speaker 3: And I think that that's the journey and the story

732
00:35:17,440 --> 00:35:21,040
Speaker 3: that I'd really like to highlight because it's so empowering

733
00:35:21,120 --> 00:35:23,200
Speaker 3: and aspirational for other people who are a bit like

734
00:35:23,520 --> 00:35:26,080
Speaker 3: scared to bite the bullet, which is so relevant and

735
00:35:26,160 --> 00:35:28,640
Speaker 3: it makes a lot of sense. But like, the sooner

736
00:35:28,680 --> 00:35:31,280
Speaker 3: you bite the bullet, the sooner you see those compound returns,

737
00:35:31,400 --> 00:35:33,960
Speaker 3: the sooner you create wealth, the more time you've got

738
00:35:34,000 --> 00:35:36,839
Speaker 3: in the market, And like, I think that's very exciting. Yeah,

739
00:35:36,960 --> 00:35:39,200
Speaker 3: thank you, so thank you so much. It has been

740
00:35:39,239 --> 00:35:40,320
Speaker 3: an absolute pleasure.

741
00:35:40,560 --> 00:35:42,640
Speaker 2: Thank you too. It's been fun to share and talk.

742
00:35:42,880 --> 00:35:45,160
Speaker 3: And also a very huge thank you to skuy Wealth

743
00:35:45,239 --> 00:35:47,759
Speaker 3: for making this episode possible. I'll chuck a whole heap

744
00:35:47,800 --> 00:35:50,200
Speaker 3: of information about them, how to get in contact, what

745
00:35:50,320 --> 00:35:52,000
Speaker 3: they do, how they do it in the show notes

746
00:35:52,040 --> 00:35:59,040
Speaker 3: for you to check out. The ad buy shared on.

747
00:35:59,200 --> 00:36:01,560
Speaker 4: Cheese on the Money is general in nature and does

748
00:36:01,680 --> 00:36:05,600
Speaker 4: not consider your individual circumstances. She's on the Money exists

749
00:36:05,760 --> 00:36:08,960
Speaker 4: purely for educational purposes and should not be relied upon

750
00:36:09,040 --> 00:36:12,040
Speaker 4: to make an investment or financial decision. If you do

751
00:36:12,239 --> 00:36:15,160
Speaker 4: choose to buy a financial product, read the PDS TMD

752
00:36:15,360 --> 00:36:17,320
Speaker 4: and obtain appropriate financial.

753
00:36:17,000 --> 00:36:18,720
Speaker 3: Advice tailored towards your needs.

754
00:36:19,160 --> 00:36:23,040
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

755
00:36:23,120 --> 00:36:27,200
Speaker 4: of Money Sherpa pty Ltd ABN three two one six

756
00:36:27,320 --> 00:36:31,160
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757
00:36:31,280 --> 00:36:32,479
Speaker 4: one two eight nine