WEBVTT - Investing for Beginners: Stop Dreaming and Start Doing in 2025 0:00:00.600 --> 0:00:04.520 Hello, my name is Satasha Nabananga Bamblet. I'm a proud 0:00:04.800 --> 0:00:08.240 or the Order Kerni Whaltbury and a waddery woman. And 0:00:08.320 --> 0:00:10.719 before we get started on She's on the Money podcast, 0:00:11.000 --> 0:00:13.880 I would like to acknowledge the traditional custodians of the 0:00:13.960 --> 0:00:17.599 land of which this podcast is recorded on a wondery country, 0:00:18.079 --> 0:00:22.200 acknowledging the elders, the ancestors and the next generation coming 0:00:22.239 --> 0:00:26.880 through as this podcast is about connecting, empowering, knowledge sharing 0:00:27.000 --> 0:00:30.040 and the storytelling of you to make a difference for 0:00:30.160 --> 0:00:33.040 today and lasting impact for tomorrow. 0:00:33.240 --> 0:00:34.120 Let's get into it. 0:00:34.280 --> 0:00:53.560 She's on the Money, She's on the Money. 0:00:57.040 --> 0:00:59.520 Hello, and welcome to She's on the Money. The podcast 0:00:59.560 --> 0:01:01.960 that shows you investing isn't just for the rich. It's 0:01:02.000 --> 0:01:03.959 for you to not to say that you're not rich. 0:01:03.960 --> 0:01:06.080 Who I was listening to this? Maybe there's really rich 0:01:06.120 --> 0:01:09.280 people listening. Yeah, maybe maybe they got rich because of 0:01:09.319 --> 0:01:10.040 this podcast. 0:01:10.080 --> 0:01:10.880 Why are you still here? 0:01:11.160 --> 0:01:11.399 Yeah? 0:01:11.560 --> 0:01:14.839 Well good questions. Yeah, well maybe they should be teaching 0:01:14.959 --> 0:01:17.520 us at this point. Yeah, you call me, you call 0:01:17.640 --> 0:01:20.240 us please. Does it get to January each year and 0:01:20.280 --> 0:01:22.240 you promise yourself this will be the year I finally 0:01:22.240 --> 0:01:24.920 invest only to pushed off because it feels too hard 0:01:25.040 --> 0:01:27.559 or too confusing. Well, maybe you've gone to start, opened 0:01:27.560 --> 0:01:29.840 an up or even googled how to invest, but got 0:01:29.840 --> 0:01:32.560 cold feet. Or perhaps you're stuck thinking do I even 0:01:32.600 --> 0:01:36.080 have enough money to invest? That's a silly, silly, silly question. 0:01:36.240 --> 0:01:38.960 Silly question. Well, whether you've got ten dollars or ten 0:01:38.959 --> 0:01:41.560 thousand dollars. We're here today to show you that anyone, 0:01:41.640 --> 0:01:44.759 and I mean anyone can become an investor this year. 0:01:45.000 --> 0:01:48.760 I'm excited an investor and I'm in excited and an investor. Sorry, 0:01:48.800 --> 0:01:51.480 I forgot my title. Yeah, and with me is ex 0:01:51.640 --> 0:01:55.280 financial advisor. That felt really mean you're still a financial 0:01:55.320 --> 0:01:56.200 advisor at heart. 0:01:56.360 --> 0:01:59.120 Yeah, like on the inside, but sometimes it's not what's 0:01:59.160 --> 0:01:59.520 on the. 0:01:59.400 --> 0:02:01.240 Inside that well, that's very true. 0:02:01.320 --> 0:02:04.240 So I am an ex financial adviser, like I'm hoping 0:02:04.280 --> 0:02:07.880 you feel very different yes about me being an ex 0:02:07.920 --> 0:02:10.360 financial advisor than you do about an ex partner. 0:02:11.520 --> 0:02:16.400 It's it's on par in the bin. Victoria Divide is 0:02:16.400 --> 0:02:18.280 here to talk us through investing. 0:02:18.520 --> 0:02:21.200 I know I am, and I'm very excited about this. 0:02:21.360 --> 0:02:25.600 In fact, I've managed a lot of people's investment portfolios. 0:02:24.919 --> 0:02:27.200 And small flex made them a lot of money. 0:02:27.760 --> 0:02:29.960 So like low key, do you want to learn about 0:02:30.000 --> 0:02:33.720 investing from just some player bonni Instagram who is just 0:02:33.760 --> 0:02:35.280 doing it themselves? Or do you want to learn it 0:02:35.280 --> 0:02:38.000 from an ex financial advisor who's literally made other people 0:02:38.360 --> 0:02:40.520 millions of dollars and has done it herself. 0:02:40.680 --> 0:02:42.399 I don't know. I don't know. That is a tricky one. 0:02:42.440 --> 0:02:42.800 I don't know. 0:02:42.880 --> 0:02:45.079 I don't want advice from someone who doesn't know how 0:02:45.080 --> 0:02:47.480 to invest. Finance doesn't walk to the walk. 0:02:47.800 --> 0:02:49.000 Yeah, now, finance bros. 0:02:49.040 --> 0:02:51.040 Do you know what the funniest thing about finance bros 0:02:51.080 --> 0:02:53.600 Side note is how many of them might ended up 0:02:53.639 --> 0:02:56.799 with as clients and they were useless with money. Oh 0:02:57.000 --> 0:03:01.320 that is It's so satisfying. Anyway, I loved all of 0:03:01.400 --> 0:03:03.160 my clients equally. It's what I meant. 0:03:03.160 --> 0:03:05.200 Oh that's what. No judgment, No judgment. 0:03:06.000 --> 0:03:07.600 But do you know what my goal is, apart from 0:03:07.639 --> 0:03:11.120 being less judgmental to finance bros. Is in twenty twenty five. 0:03:10.960 --> 0:03:13.520 Beck, I should probably know this, but I haven't. Maybe 0:03:13.520 --> 0:03:14.320 I just wasn't. 0:03:14.440 --> 0:03:17.520 Obviously it's the same as last year, and that's to 0:03:17.639 --> 0:03:19.560 get more women investing. 0:03:20.200 --> 0:03:21.880 I'm talking literally. 0:03:21.480 --> 0:03:24.559 Everyone from the woman who is just like smashing avotoasted 0:03:24.639 --> 0:03:27.040 brunch to the woman who is swearing that she's gonna 0:03:27.040 --> 0:03:29.359 start wants to just gets return in. 0:03:29.400 --> 0:03:30.600 June like not yet. 0:03:30.720 --> 0:03:33.800 Because investing isn't just for the Warren Buffets of the world, Beck, 0:03:34.200 --> 0:03:36.200 It's for anyone who's ready to make their money work 0:03:36.240 --> 0:03:38.360 harder than the friend who always organizes the group chat. 0:03:39.400 --> 0:03:42.000 And the best bit, it doesn't take thousands of dollars 0:03:42.160 --> 0:03:44.800 or even a finance degree, which turns out I didn't 0:03:44.800 --> 0:03:46.240 need that to get started. 0:03:46.280 --> 0:03:47.920 Well you can check that out. Yeah, I just pop 0:03:47.960 --> 0:03:48.400 it in the bin. 0:03:48.480 --> 0:03:50.840 Actually, I don't know if you follow me on TikTok, 0:03:50.880 --> 0:03:52.880 but one time I pretended to set it alt. 0:03:53.440 --> 0:03:54.920 That was quite fun. Or did you like make a 0:03:54.920 --> 0:03:55.680 fake one and then. 0:03:55.600 --> 0:03:57.880 Said no, no, I pretended to set the actual thing 0:03:57.920 --> 0:03:59.880 alight because someone was like, she doesn't know what she's 0:04:00.000 --> 0:04:00.400 talking about. 0:04:00.400 --> 0:04:03.240 She doesn't even have a degree. I guess I'll burs then, good, 0:04:03.360 --> 0:04:08.000 thank you. They really triggered me. It brought out the 0:04:08.000 --> 0:04:08.560 worst in me. 0:04:08.800 --> 0:04:11.600 But honestly, Beck, to start investing just takes a little 0:04:11.600 --> 0:04:13.520 bit of curiosity and a few dollar us. 0:04:14.200 --> 0:04:17.080 Really, that's actually so empowering to know that you know 0:04:17.520 --> 0:04:20.480 so let's start with why we should be investing. 0:04:20.560 --> 0:04:25.000 Okay, but nobody has gotten rich because they just saved 0:04:25.040 --> 0:04:28.520 their money. It just doesn't happen. Like to create wealth, 0:04:28.600 --> 0:04:32.560 to create real wealth, to create real financial freedom and 0:04:32.680 --> 0:04:36.480 real financial security, investing has to be part of your strategy. 0:04:36.839 --> 0:04:39.240 It can't just be like, oh, like I just save, 0:04:39.400 --> 0:04:41.680 Like I'm pretty good with money. I know that that 0:04:41.839 --> 0:04:44.800 is so sexy and it feels so safe. Like just 0:04:44.800 --> 0:04:47.919 putting your money in a savings account great, But over time, 0:04:48.279 --> 0:04:53.039 because of compounding interest, because of compounding inflation, if you 0:04:53.240 --> 0:04:56.479 only save your going backwards, I don't know how much 0:04:56.560 --> 0:04:59.479 clearer I can be. If you are not investing, you 0:04:59.520 --> 0:05:02.560 are pushing yourself behind. She said what she said, But 0:05:02.720 --> 0:05:04.760 like I used to be a little bit softer with 0:05:04.839 --> 0:05:07.000 this and be like, oh, you could consider investing. Oh 0:05:07.000 --> 0:05:09.280 it's a good idea. If you're not investing, you're doing 0:05:09.360 --> 0:05:13.479 yourself a disservice because you are putting yourself behind. It 0:05:13.560 --> 0:05:15.839 means that the money that you're putting in your account today, 0:05:15.880 --> 0:05:18.719 Beck say you've got ten thousand dollars in a savings account, 0:05:18.720 --> 0:05:20.800 and you're like, holy heck, that's so much money. 0:05:20.839 --> 0:05:21.600 I'll be fine. 0:05:22.200 --> 0:05:25.440 In ten years from now, that money is not going 0:05:25.520 --> 0:05:29.040 to buy you ten thousand dollars worth of stuff. Like 0:05:29.080 --> 0:05:31.000 the basket that you'll be able to buy in the 0:05:31.000 --> 0:05:34.479 future is significantly smaller. Your money in the future is 0:05:34.560 --> 0:05:38.440 always going to be worth less, and that is heartbreaking 0:05:38.520 --> 0:05:40.760 because you worked so hard for it the first time. 0:05:41.240 --> 0:05:44.400 So if you're not investing it, you are putting future 0:05:44.440 --> 0:05:46.279 you in a worse of financial position. 0:05:46.640 --> 0:05:47.880 Yes, and like, this. 0:05:47.800 --> 0:05:52.280 Year is my year of being relatively aggressive about that 0:05:52.360 --> 0:05:56.920 narrative because I'm getting so sick of seeing people say, 0:05:57.279 --> 0:05:59.440 oh wait till I get my tax return, or like 0:05:59.480 --> 0:06:01.560 I'm just not smart enough yet, or I just don't 0:06:01.600 --> 0:06:05.320 feel like I can when I know you can. It's 0:06:05.400 --> 0:06:07.160 kind of like your friend who just doesn't believe in 0:06:07.200 --> 0:06:09.640 themselves and you're like, no, like you should do it, 0:06:09.680 --> 0:06:12.279 you know, when your friend like that is so qualified, 0:06:12.279 --> 0:06:13.520 So it's you know, if I should go for the 0:06:13.600 --> 0:06:16.440 job promotion, and you're sitting across from them, and you're like, 0:06:16.800 --> 0:06:20.640 you are so smart and intelligent and so wildly capable. 0:06:20.680 --> 0:06:23.599 Why are you doubting yourself? That's like investing for me. Yeah, 0:06:23.839 --> 0:06:26.400 I feel like I'm talking to my friends who I know, 0:06:26.760 --> 0:06:30.600 have so much capability, they're just not doing it. 0:06:30.760 --> 0:06:32.880 Not doing it. That's the thing. Is like when you're 0:06:32.920 --> 0:06:34.920 watching like a horror movie and you can see the 0:06:35.000 --> 0:06:38.800 murderer there and you're screaming at the TV. I have 0:06:38.920 --> 0:06:40.719 the answer for you, but you can't hear me. 0:06:40.800 --> 0:06:40.960 You know. 0:06:41.040 --> 0:06:44.400 It's like I can understand the I'm not gonna say aggression, 0:06:44.440 --> 0:06:47.000 but the passion investing is the thing that is going 0:06:47.040 --> 0:06:50.359 to get you ahead financially. Yeah, I really respect that. 0:06:50.560 --> 0:06:53.359 Thank you, thank you. So I am sold personal investing. 0:06:53.360 --> 0:06:55.640 You know, I started with like ten bucks, which is 0:06:55.680 --> 0:06:56.240 all you need. 0:06:56.360 --> 0:07:00.000 You literally can invest in Australia nowadays with there's little 0:07:00.160 --> 0:07:01.120 as one cent. 0:07:01.400 --> 0:07:04.600 Yes, exactly, and where are your excuses? Totally totally. 0:07:04.680 --> 0:07:06.760 So the ten dollars you started with, it was the 0:07:06.760 --> 0:07:07.960 free ten dollars from Yeah. 0:07:07.800 --> 0:07:10.640 It was free, like it wasn't even your cash, it wasn't. 0:07:10.720 --> 0:07:11.760 But hold on, hold on. 0:07:12.280 --> 0:07:14.840 I am obsessed with this because your free ten dollars, Yes, 0:07:14.880 --> 0:07:18.160 you started investing. How much is in your investing account now? 0:07:18.200 --> 0:07:21.000 Well, I have been adding money, but only because I 0:07:21.080 --> 0:07:23.800 started this, and it's snowballed. So now it's like one 0:07:23.880 --> 0:07:26.280 hundred dollars one hundred and one dollars. Isn't it exciting? 0:07:26.320 --> 0:07:28.360 But it's like, yeah, once you start, it's like doesn't 0:07:28.400 --> 0:07:30.640 actually even matter if it's going higher or lower or 0:07:30.680 --> 0:07:33.120 sting the same. It's like, I want to keep putting 0:07:33.160 --> 0:07:35.040 money in. It feels so good, and it's. 0:07:34.920 --> 0:07:37.200 So good being able to start with such a little amount. 0:07:37.360 --> 0:07:39.360 I think a lot of people have in their heads 0:07:39.360 --> 0:07:41.040 that and you know, we'll get onto this, but they 0:07:41.080 --> 0:07:43.360 need to start with a big amount because otherwise why bother. 0:07:43.480 --> 0:07:45.520 But if you start with a little amount. 0:07:45.200 --> 0:07:47.920 It doesn't feel painful, like it's scary if you've only 0:07:47.920 --> 0:07:50.000 got five hundred dollars in your bank account and you're like, oh, 0:07:50.040 --> 0:07:52.640 I don't want to invest that, Yeah, because that's risky. 0:07:52.920 --> 0:07:55.080 Yea, Let's not do that. Let's just do ten dollars. 0:07:55.120 --> 0:07:58.360 Like, let's start with an amount that feels comfortable, because 0:07:58.640 --> 0:08:01.720 it's like the gateway. It's just going to get you 0:08:01.760 --> 0:08:03.760 in there, and then you're just going to keep wanting more. 0:08:03.920 --> 0:08:05.720 And like if you're going to get addicted to anything 0:08:05.760 --> 0:08:07.880 this year, beck it's making money. 0:08:07.800 --> 0:08:10.760 Yes, yes, yes, yes, it's twenty twenty thrive after all, 0:08:10.920 --> 0:08:15.120 Exactly how do we overcome the fear, as you say, 0:08:15.160 --> 0:08:16.920 like when you have like a big chunk of money, 0:08:16.960 --> 0:08:18.640 you don't want to invest. It's a bit risky, Like 0:08:18.680 --> 0:08:22.520 how do we overcome that fear of losing money? You know, 0:08:22.520 --> 0:08:24.040 you put a big amount in there, maybe it goes 0:08:24.080 --> 0:08:25.840 down a little bit, up a little bit. It's like 0:08:26.120 --> 0:08:28.160 it's very scary to check it every day and be like, 0:08:28.280 --> 0:08:30.680 oh good, I've lost three dollars. You know, this is 0:08:30.720 --> 0:08:32.560 going to be like a pick your inn adventure book, 0:08:32.679 --> 0:08:37.560 Like would you like serious and very harsh Victoria or 0:08:37.640 --> 0:08:40.360 kind soft Victoria? Is there anyone in the middle? 0:08:40.480 --> 0:08:42.240 No, no, no, it's just one or the other. I 0:08:42.280 --> 0:08:45.880 want hush, Oh you want harsh ha. Why do you 0:08:45.960 --> 0:08:51.640 think that you're so special? Why do you think your 0:08:51.720 --> 0:08:55.080 decision is going to be more life changing than the next. 0:08:55.400 --> 0:08:57.000 Why are there so many people in the She's on 0:08:57.040 --> 0:08:59.080 the Money community who have been able to pull their 0:08:59.120 --> 0:09:02.560 fingers out and invest and go okay, cool, I've just 0:09:02.600 --> 0:09:05.000 picked two ETFs and I'm starting there and that makes 0:09:05.040 --> 0:09:07.840 sense for me and it's working so far. Why do 0:09:07.960 --> 0:09:11.080 you think if you are not a finance professional, that 0:09:11.200 --> 0:09:13.000 you're going to be able to pick better than them, 0:09:13.080 --> 0:09:16.400 or even pick better than a finance professional, and that's 0:09:16.440 --> 0:09:21.520 what's stopping you, right, Yeah, but why are you over 0:09:21.559 --> 0:09:24.000 analyzing it? Why are you thinking that this is about 0:09:24.040 --> 0:09:27.040 you so much? Like I get that it's your investing portfolio, 0:09:27.120 --> 0:09:30.080 but like, pull your finger out and just start, because 0:09:30.480 --> 0:09:32.760 once you start, you can change. If you don't like 0:09:32.840 --> 0:09:35.320 that ETF or you don't like that share that you've purchased, 0:09:35.320 --> 0:09:36.600 you don't have to purchase it again. 0:09:36.600 --> 0:09:37.640 You could even sell it. 0:09:38.000 --> 0:09:40.040 Maybe you lose some money, you're right, But if we're 0:09:40.080 --> 0:09:43.720 only starting with ten dollars and you lose twenty percent 0:09:43.760 --> 0:09:47.439 of your portfolio, that's two dollars, right, And I'd prefer 0:09:47.480 --> 0:09:50.280 you to lose two dollars and get a financial education 0:09:51.160 --> 0:09:53.640 than have never pulled the trigger and just started. 0:09:53.880 --> 0:09:56.679 Yeah, that's so true. But if you gets the wrong platform, yeah, 0:09:56.760 --> 0:09:58.520 who cares? Change later? 0:09:58.840 --> 0:10:01.959 Exactly it might cost you thirty dollars in brokerage because 0:10:01.960 --> 0:10:04.960 you made the wrong decision, But you already had a 0:10:04.960 --> 0:10:07.080 couple of one hundred dollars invested by the time you've 0:10:07.080 --> 0:10:09.680 decided to change platforms, And what's thirty dollars for your 0:10:09.720 --> 0:10:11.480 financial literacy and you're trying things? 0:10:12.080 --> 0:10:13.840 That's a really good point, because I feel like even 0:10:14.160 --> 0:10:17.079 just putting money in, like two dollars here and there 0:10:17.080 --> 0:10:19.560 and to shareesias, I've still learned how to navigate the 0:10:19.600 --> 0:10:21.959 app and how to sell and how to buy, and 0:10:22.240 --> 0:10:24.400 those are things you might not even know. You might 0:10:24.440 --> 0:10:26.280 not even know how to download an app. Like this 0:10:26.400 --> 0:10:27.120 whole thing is a. 0:10:27.120 --> 0:10:30.160 Very very good learning experience, And I think that that's 0:10:30.240 --> 0:10:33.000 just it, right, Like so many people, as you were saying, 0:10:33.040 --> 0:10:35.640 don't start because they're scared and you don't know how 0:10:35.679 --> 0:10:37.480 to do that. It is risky. 0:10:37.600 --> 0:10:38.320 I get it. 0:10:38.679 --> 0:10:41.880 But once you've found an option that you think might work, 0:10:41.920 --> 0:10:44.640 I think we get analysis paralysis as women, and we 0:10:44.720 --> 0:10:47.840 try to overcomplicate things, like we find the answer and 0:10:47.880 --> 0:10:49.120 then in the back of our heads we go, it 0:10:49.160 --> 0:10:52.640 can't be that easy. I'm going to do some more research. 0:10:53.600 --> 0:10:55.040 Hey, what would it could be? 0:10:55.080 --> 0:10:58.640 Twenty twenty five? A mediocre, middle aged white man. Do 0:10:58.679 --> 0:11:00.440 you do that? You do that bad? Yeah? 0:11:00.480 --> 0:11:03.080 Okay, that's all we're asking ourselves this year. Okay, that 0:11:03.120 --> 0:11:04.480 actually does make a lot of sense. But I feel 0:11:04.480 --> 0:11:08.080 like even when people understand that, there's still something holding 0:11:08.120 --> 0:11:11.880 them back. What about like mental blocks like feeling too inexperienced, 0:11:11.960 --> 0:11:13.520 or scared of making the wrong decision. 0:11:13.600 --> 0:11:13.720 Beck. 0:11:13.800 --> 0:11:16.320 So many people hesitate to invest because they just don't 0:11:16.320 --> 0:11:18.400 feel like they know enough for they are scared of 0:11:18.440 --> 0:11:23.240 making mistakes. But like, those are mental barriers holding us back. 0:11:23.559 --> 0:11:27.360 And again, you've picked the rogue Victoria today. Yes, I'm 0:11:27.360 --> 0:11:29.319 glad you did, because she's feeling quite rogue. 0:11:29.360 --> 0:11:29.720 Me too. 0:11:29.840 --> 0:11:32.880 But like Sillier, people have done better than you at 0:11:32.920 --> 0:11:35.640 investing just because they did it, like just because they 0:11:35.679 --> 0:11:38.120 got involved, just because they picked around the ETF. Like 0:11:38.400 --> 0:11:41.680 some of the most successful investors in this country have 0:11:42.120 --> 0:11:46.080 just picked the top two hundred companies, Like they haven't 0:11:46.120 --> 0:11:49.360 picked anything, you know, specific, they haven't been like, oh, 0:11:49.400 --> 0:11:52.000 I did heaps of research into Buyo pharmaceutical sales, and 0:11:52.040 --> 0:11:54.720 I invested in this particular company. And then I also, 0:11:55.000 --> 0:11:58.640 you know, diversified my portfolio by going into this bio whatever. 0:11:58.840 --> 0:12:02.440 Like we don't need to have those conversations. Tried and 0:12:02.520 --> 0:12:04.800 true wins the race. It's like the tortoise in the 0:12:04.840 --> 0:12:09.320 air plods along across the finish line and is not phased. 0:12:09.800 --> 0:12:12.959 We're in our unbothered era. Like, I just think it 0:12:13.080 --> 0:12:18.000 is so important to realize that investing is not that 0:12:18.520 --> 0:12:22.320 deep if I can understand it, you can understand it. 0:12:22.320 --> 0:12:25.000 It's just because you never learned that language. If just 0:12:25.040 --> 0:12:27.800 because you didn't get taught it. And so many of 0:12:27.880 --> 0:12:31.000 us we are worried. But they're mental barriers. And they're 0:12:31.000 --> 0:12:34.319 often mental barriers because we are concerned about our own 0:12:34.440 --> 0:12:37.040 performance and not doing the right thing. And what if 0:12:37.040 --> 0:12:40.920 I mess up? But what if you're successful? What if 0:12:40.960 --> 0:12:41.960 it just works out? 0:12:42.600 --> 0:12:43.000 Yeah? 0:12:43.040 --> 0:12:46.640 What if you actually just picked a really conservative investing option. 0:12:46.960 --> 0:12:50.200 We don't need to overcomplicate it, I think exactly so 0:12:50.400 --> 0:12:53.080 often we overcomplicate it because we go it should be 0:12:53.080 --> 0:12:56.560 harder than this. Surely you can't just don't just create wealth. 0:12:56.640 --> 0:12:57.960 Surely you can't just make money. 0:12:58.040 --> 0:13:00.400 Yeah, Like, why doesn't the government all about this? 0:13:00.440 --> 0:13:00.480 Is? 0:13:00.480 --> 0:13:02.640 Why isn't the government's stop? I know, why are they 0:13:02.679 --> 0:13:04.959 giving me free money? Why are they giving us money? 0:13:05.080 --> 0:13:06.960 But it's like, I know, why are they letting me? 0:13:07.559 --> 0:13:08.480 Letting us do this? 0:13:08.600 --> 0:13:10.720 I mean they're taking some tax. So when you make money, 0:13:10.720 --> 0:13:12.560 the government makes money. They're very good at it. 0:13:12.520 --> 0:13:13.760 It's very frustrating. 0:13:13.800 --> 0:13:18.240 I don't like that, But it's not that deep. Pick 0:13:18.280 --> 0:13:21.280 an ETF, pick a share, Pick something that aligns with 0:13:21.320 --> 0:13:23.680 your values. And try it, and if it doesn't work 0:13:23.720 --> 0:13:26.280 out and you have to sell that asset, not because 0:13:26.280 --> 0:13:28.559 there's lost heaps of money, but because you decide it's 0:13:28.559 --> 0:13:31.760 no longer aligned with your values, sell it. Beck, you 0:13:31.840 --> 0:13:34.400 said that you'd worked out your investing app. Is it 0:13:34.440 --> 0:13:35.439 easy to sell something? 0:13:35.559 --> 0:13:37.320 Yeah, it actually is. I didn't do it for a 0:13:37.360 --> 0:13:38.800 long time, is what. I had money in there, but 0:13:38.800 --> 0:13:40.319 I was like wanting to move things around. I was 0:13:40.320 --> 0:13:41.760 like I don't know how to do that, and I 0:13:41.800 --> 0:13:44.760 didn't even touch it for like weeks, and then I was. 0:13:44.720 --> 0:13:46.200 Like, sure, it can't be. 0:13:46.200 --> 0:13:49.760 It's really really quite easy. How hard can it be? 0:13:49.800 --> 0:13:53.120 How hard could it be? Honestly, anything is googleable these days? 0:13:53.400 --> 0:13:55.680 Is google it? You can do it? You can do it. 0:13:55.840 --> 0:13:58.240 That's the energy we're taking into this year. 0:13:58.480 --> 0:13:58.840 Exact. 0:13:58.880 --> 0:14:01.720 I think so many of us hesitate because we just 0:14:01.880 --> 0:14:04.800 expect that we need to be the best and the 0:14:04.840 --> 0:14:08.200 biggest at it. And like, let's talk about imposter syndrome here. 0:14:08.559 --> 0:14:12.040 You don't have to be an expert to become an investor. 0:14:12.480 --> 0:14:15.200 You can become an investor today and literally be like 0:14:15.320 --> 0:14:18.240 us thought on't or what I'm doing? Like, Beck, are 0:14:18.280 --> 0:14:21.080 you an expert at investing, I feel like it, yeah, exactly, 0:14:21.200 --> 0:14:24.320 But also are you an expert? Probably not no, but 0:14:24.600 --> 0:14:25.520 are you an investor? 0:14:25.720 --> 0:14:26.040 Yeah? 0:14:26.120 --> 0:14:28.640 Okay, so you don't have to be an expert to 0:14:28.640 --> 0:14:29.600 become an investor. 0:14:29.760 --> 0:14:30.080 True. 0:14:30.120 --> 0:14:33.040 And then you've got apps like you know you're using charess. 0:14:33.360 --> 0:14:36.240 They make it super simple, like they want to make 0:14:36.280 --> 0:14:39.760 it simple so that beginners are able to just start, 0:14:40.240 --> 0:14:43.520 and like even the seasoned investors, we don't have all 0:14:43.560 --> 0:14:47.360 the answers like do you know as a financial advisor 0:14:47.640 --> 0:14:50.480 tax time? So like any end of quarter, I'd be 0:14:50.560 --> 0:14:54.720 so anxious, right because if the markets weren't performing and 0:14:54.840 --> 0:14:59.560 things were down, I was scrambling, right, not because I 0:14:59.600 --> 0:15:01.360 had to feel things or clean up things. I'd be 0:15:01.400 --> 0:15:04.520 scrambling to do research. So say you know, at the 0:15:04.600 --> 0:15:06.840 end of a three month period, I would you know, 0:15:06.920 --> 0:15:10.520 be reviewing my clients investment portfolios and like, let's say 0:15:10.520 --> 0:15:12.840 that I was managing yours back, yeah, and like You've 0:15:12.840 --> 0:15:16.080 put all your trust in me to manage your portfolio, 0:15:16.280 --> 0:15:18.120 and then I go, hey, back, like, let's grab a coffee, 0:15:18.120 --> 0:15:19.920 we'll talk about your portfolio. And I know that you're 0:15:19.920 --> 0:15:22.360 coming into my office and then I look at your 0:15:22.440 --> 0:15:25.800 portfolio and it's down eight percent. Do you think that 0:15:25.920 --> 0:15:28.480 I'm not worried about that meeting? 0:15:28.800 --> 0:15:29.040 Yeah? 0:15:29.080 --> 0:15:31.920 That would be I would quit all this way used 0:15:31.920 --> 0:15:34.160 to be so anxious, and I would do all this 0:15:34.280 --> 0:15:36.800 research and I would come with like print outs of 0:15:36.840 --> 0:15:39.680 things and print outs of their ETFU, printouts of their 0:15:39.760 --> 0:15:42.200 shares and like the performance and why. And I would 0:15:42.200 --> 0:15:44.200 do the market research and I would call all of 0:15:44.240 --> 0:15:47.000 the investment houses and be like hey, cool, Like what's 0:15:47.040 --> 0:15:48.880 your take on the market sentiment at the moment, Like 0:15:49.080 --> 0:15:51.960 what's going on? How's it moving? Oh, it's down a 0:15:52.000 --> 0:15:54.160 little bit. Oh why is that? Or because America did 0:15:54.200 --> 0:15:57.680 ABC and did whatever. So I would prepare myself and 0:15:57.720 --> 0:16:01.360 i'd have my space station of content in front of me, 0:16:02.000 --> 0:16:03.960 and my client would walk in and be like, hey, 0:16:04.040 --> 0:16:06.160 v how are you And I'd be like good, I'm great. 0:16:06.160 --> 0:16:07.840 Would you like a coffee? Yep, great, I'll get you 0:16:07.840 --> 0:16:10.440 your latte. So we want to talk about your portfolio, Beck, 0:16:10.480 --> 0:16:13.160 I'm so sorry it's down eight percent. 0:16:13.280 --> 0:16:15.120 And then I'd be like, but we've talked about this. 0:16:15.080 --> 0:16:17.000 And my client be like, yeah, no worries, no worries, 0:16:17.080 --> 0:16:19.240 that's some market, right, you said this would happen I'd 0:16:19.320 --> 0:16:20.920 be like, did you want to know anything about it? 0:16:20.960 --> 0:16:22.400 And they're like, have you got a hold of it? 0:16:22.440 --> 0:16:26.200 And I'd be like, Bellielly, I'm so worried. 0:16:26.440 --> 0:16:28.280 And I wouldn't obviously tell the client that, but in 0:16:28.320 --> 0:16:31.040 the background I have scrambled because I'm thinking that my 0:16:31.120 --> 0:16:33.280 client is going to march into my office and be like, 0:16:33.720 --> 0:16:36.720 the my portfolio is down by eight percent? What are 0:16:36.760 --> 0:16:41.040 you doing? Is this a lack of your competency? Like right, 0:16:41.320 --> 0:16:44.720 I would have the biggest imposter syndrome. And I still 0:16:44.760 --> 0:16:47.080 get that when I look at my own portfolio, because 0:16:47.120 --> 0:16:50.160 I go, I'm a financial or an exponancial advisor, Surely 0:16:50.200 --> 0:16:53.040 I should be doing well. But we can't control the markets. 0:16:53.080 --> 0:16:57.080 And when you zoom out, you will know that over time, 0:16:57.240 --> 0:17:00.760 long term investors are always winners over time. The investors 0:17:00.760 --> 0:17:03.560 who just stay invested are the ones that make money. 0:17:03.680 --> 0:17:05.680 Those ebbs and flows of eight percent here and there, 0:17:05.800 --> 0:17:08.159 they feel big at the time if you're really like 0:17:08.280 --> 0:17:11.760 zoning in on them. But you don't have to be 0:17:11.960 --> 0:17:15.040 a seasoned investor to be good at investing, and sometimes 0:17:15.080 --> 0:17:17.199 being a little bit naive actually is good for you. 0:17:17.680 --> 0:17:18.440 Yeah, that's so true. 0:17:18.480 --> 0:17:20.680 It's so good for you, because I get analysis paralysis. 0:17:20.760 --> 0:17:23.120 I'm sitting here being like, okay, cool, So COVID's off 0:17:23.160 --> 0:17:25.680 and our interest rates are still high, and interest rates 0:17:25.720 --> 0:17:27.879 are you know, from my perspective, probably still got to 0:17:27.920 --> 0:17:29.879 be high for the rest of this year based on 0:17:29.920 --> 0:17:33.120 what happened in America, And like I'm extrapolating out things 0:17:33.119 --> 0:17:35.439 in my head that lots of people would be like 0:17:35.480 --> 0:17:38.520 what the hell right, But you're like, oh, I've finally 0:17:38.600 --> 0:17:40.520 done my research and that ETF feels comfortable. 0:17:40.920 --> 0:17:43.439 Yeah, yeah, that must be nice. Go and do it. 0:17:43.560 --> 0:17:46.480 That's all you gotta do. Keep it simple exactly. So 0:17:46.840 --> 0:17:48.919 we talked about like the mental blocks and fears, but 0:17:48.960 --> 0:17:51.119 how do we actually move forward? What's the first step? 0:17:51.520 --> 0:17:52.359 Would you recommend? 0:17:52.680 --> 0:17:54.440 I have so many steps if you want to get 0:17:54.440 --> 0:17:57.800