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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 t Glenn Young Ganya

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Speaker 1: Niana Kaka yah Ya Binahwaka Nian our gay In Nimbini,

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Speaker 1: yakarum Jar doumayamiga Umaga ihowaka Nilewaman damon imlan wimmabang gadabomba

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Speaker 1: in and now in wakah ghana on yak rum jar Watanadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank acknowledge and respect the Abiginal people's land that

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Speaker 1: we're gathering on today. Take pleasure in all the land

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Speaker 1: and respect all that you see. She's on the Money

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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 1: knowledge and resources for you to thrive.

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Speaker 2: She's on the Money. She's on the Money. Hello, and

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

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Speaker 2: you be pervy about other people's money habits educational purposes

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Speaker 2: of course. Welcome back to an another one of our

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Speaker 2: money diaries, brought to you by Sky Wealth, where we

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Speaker 2: get to talk with one of our incredible She's on

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Speaker 2: the Money community members all about their journey this week.

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Speaker 2: It's investing centric, so let's jump straight into it. Because

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Speaker 2: I got a message this week and it sounded exactly

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Speaker 2: like this. Hi, she's on the money. I actually first

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Speaker 2: learned about investing from my mum. I'm slay because when

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Speaker 2: we lived on a farm, she started an investing club

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Speaker 2: with her friends for the social aspect. Inspired by her,

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Speaker 2: I got a group of my friends together and have

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Speaker 2: done the same thing. It's a monthly investing club called

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Speaker 2: ASX in the city that mixes market chat and girls dinner.

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Speaker 2: Each month, we contribute to a shared account, research companies

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Speaker 2: and invest together. We've gone from what is a pe

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Speaker 2: ratio to confident collaborative investors. We invite guest speakers to

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Speaker 2: come along and share their wisdom with us as well.

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Speaker 2: We're still learning, but we're almost three years in with

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Speaker 2: over twenty thousand dollars collectively invested. What the hell? Why

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Speaker 2: haven't you been invited to this money? Darius? Welcome to

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Speaker 2: the show, but also roots. You can come on anytime,

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Speaker 2: can I I'm coming. I'll do whatever. I just want

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Speaker 2: to be involved, like I don't mind. Can I please

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Speaker 2: come play with you and your friends because we sound

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Speaker 2: like we're on the same page, like this is the

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Speaker 2: coolest thing ever. And sorry, growing up with a mum

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Speaker 2: who's like just to have my own little investing club, Like,

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Speaker 2: be for real, what an icon she was.

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Speaker 3: I didn't actually realize it at the time, but she'd,

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Speaker 3: you know, say that she has her ones called women

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Speaker 3: in Black. Yeah, although they've definitely been in the red,

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Speaker 3: but I can'd say I have women in Black coming over,

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Speaker 3: and I just grew up with that but not really

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Speaker 3: understanding what it meant or you know, thinking that i'd

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Speaker 3: have my own and down the track. So it was

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Speaker 3: quite inspiring. And so they've been going. Women in Black

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Speaker 3: have been going for twenty six years stop. So she

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Speaker 3: founded out with twenty other women in nineteen ninety nine.

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Speaker 2: Twenty other women. Yeah, what an icon. She's the original,

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Speaker 2: she's on the money.

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Speaker 3: She actually trained mind.

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Speaker 2: Yeah, well, I mean I did that, so un lucky

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Speaker 2: for your mom because I know I own that. But

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Speaker 2: I'll share it with her happily, Like I'll let her

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Speaker 2: have a turn and I won't come for her if

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Speaker 2: she uses my terminology because she's honestly the original icon.

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Speaker 2: Can we talk more about that though? Can we go

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Speaker 2: back before we jump into your investing journey. Can you

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Speaker 2: tell me a bit more about what your money story

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Speaker 2: looked like before you started investing, and what was your

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Speaker 2: attitude towards investing or was it just like, well, clearly

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Speaker 2: we do it. Mom has these meetings and that's a

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Speaker 2: thing like what did that look like growing up?

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Speaker 3: Going back even further, I think Women in Black started

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Speaker 3: and Mums started that with her friends because they were

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Speaker 3: all on the land. So as you said, I grew

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Speaker 3: up on a farm, whilst they all live on farms.

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Speaker 3: They're from very different backgrounds, so teachers, physios, even a

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Speaker 3: firefighter in there.

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Speaker 2: Yeah, because we can do everything to get a bit of.

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Speaker 3: Pocket money and separate income from the land and to

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Speaker 3: just learn about investing. That was their main name. They

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Speaker 3: started this, and the social aspect was huge. So they've

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Speaker 3: supported each other through motherhood, droughts, floods, fires, mouse, plagues

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Speaker 3: like that's just been a bonus of it all. But

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Speaker 3: they they've just learnt so much along the way and

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Speaker 3: have done so well out of it, And so that

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Speaker 3: sort of was a bit of an idea in my head,

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Speaker 3: but I didn't understand it all until a lot later

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Speaker 3: in life.

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Speaker 2: And was that because you kind of joined in on

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Speaker 2: your mom's sessions or was that like self motivated? Like

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Speaker 2: how did you go from you know, kind of being

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Speaker 2: a passive bystander to this where you were like, I

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Speaker 2: don't really understand what was going on, but my mum

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Speaker 2: was clearly into it, to being an active investor yourself.

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Speaker 3: So I was living overseas, came back and did a

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Speaker 3: master's in sustinibility, and whilst I didn't think this was

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Speaker 3: the route I would take, I fell into investor relations.

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Speaker 2: It just fell in.

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Speaker 3: It's like PR for small cap mining stocks, but in

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Speaker 3: future facing medals, so lithium and cropper and there was

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Speaker 3: a biotech in there. Yeah, but that's I guess piqued

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Speaker 3: my interest in investing and the whole sort of financial sphere.

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Speaker 3: And then that got me thinking, I wonder if I

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Speaker 3: could start something similar to my mum's group.

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Speaker 2: Yeah, that's very cool. Can you tell me a bit

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Speaker 2: more about how you trip and fall into investor relations

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Speaker 2: or was it because you were like marketing and PR

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Speaker 2: focused and then that was kind of like a marketing

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Speaker 2: and PR role. I'm just trying to work out how

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Speaker 2: you end up there. Because that's quite a specific niche.

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Speaker 3: It was actually down the sustainability group. It was a

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Speaker 3: friend of a friend who has their own investor relations company,

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Speaker 3: and she wanted to push your head in this sort

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Speaker 3: of green transition, and I was fortunate enough to be

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Speaker 3: able to just spin sort of sustainability into stocks and

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Speaker 3: how they can be progressive. They can be green despite

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Speaker 3: being mining stocks and sort of dirty originally. But yeah,

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Speaker 3: that's how I got into it.

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Speaker 2: So tell me about the segue from working in investor relations.

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Speaker 2: I feel like you would have learned a lot there,

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Speaker 2: obviously about what you were talking about, but also about

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Speaker 2: starting your own investing journey. How does that progress into Hey,

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Speaker 2: I now have a group called ASX in the city.

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Speaker 3: I don't know when the actual capitalist actually happened. I

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Speaker 3: think maybe it was listening to mom, Maybe it was

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Speaker 3: having I did have a small portfolio myself. It was

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Speaker 3: just there was one moment and I sent out a

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Speaker 3: message to a couple of WhatsApp groups, and I think

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Speaker 3: what separated the week from the chat, so to speak,

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Speaker 3: was the fact that whilst it is fun and we

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Speaker 3: are there to learn, we started out with a grand

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Speaker 3: buy in and then it's fifty dollars per month, and

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Speaker 3: that's also mimicked off women in black. You know, we

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Speaker 3: have an agenda, we have a partnership, we have you know,

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Speaker 3: we take minutes. We have to do a tax return

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Speaker 3: every year, and it was not easy.

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Speaker 2: Let me do no, I'm like going, hold on, hold on,

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Speaker 2: this has gone beyond like chucking fifty bucks into the kitty.

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Speaker 2: And even I was about to be like what happens

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Speaker 2: like if you know, it all goes south. But this

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Speaker 2: this is a legitimate organization. She's organized investing, not crime.

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Speaker 2: I like it, but tell me how does it go

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Speaker 2: from going? I'd love some friends to invest with too.

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Speaker 2: How about we set up a full ABN and take

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Speaker 2: minutes and do a tax return. That's crazy. I love it.

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Speaker 3: Yeah, it's it's full mimicking women in black. Like you know,

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Speaker 3: I'm just so grateful that I did have my mum

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Speaker 3: and that she's so interested and keen to share all

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Speaker 3: that information. And never did she think that, you know,

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Speaker 3: she'd be sharing advice and writing her story to meet

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Speaker 3: and speak to you about this. It was all a

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Speaker 3: big working process, like for us to even open a

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Speaker 3: bank account, the concept everything was not it wasn't that easy,

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Speaker 3: but it's definitely worth it. Like it's you know, short

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Speaker 3: term pain for long term gain for.

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Speaker 2: Sure, one hundred percent. And so what's the long term

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Speaker 2: plan for this? Because I feel like a lot of

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Speaker 2: people might start like a little investing club to get

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Speaker 2: some education, but this goes beyond just education, Like you're

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Speaker 2: all bought in. What's the plan with the fund?

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Speaker 3: We've never actually sat down and thought, okay, where are

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Speaker 3: we headed? But we Our strategy is long term investments

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Speaker 3: and basically just to learn, you know, where it's social

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Speaker 3: as well. We're all spread out over the world now,

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Speaker 3: like although we started in Sydney, people have moved to London,

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Speaker 3: in Melbourne and Amsterdam and it's so you know, it's

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Speaker 3: a good way to catch up but also learn, and

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Speaker 3: our knowledge, you know, since starting in May twenty twenty three,

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Speaker 3: has just grown exponentially. You know, there's times where we

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Speaker 3: were saying EFTs.

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Speaker 2: And whatever semantics. I'm genuinely envious, Like I'm like, wait, sorry,

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Speaker 2: Like maybe I'll pitch this to my friends, maybe I'll

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Speaker 2: make new friends so that my friends don't think I'm

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Speaker 2: weird about this. But I just think that that is

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Speaker 2: so so cool. What do you hold? Like if we

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Speaker 2: break down what's in the fund? You said, it's based

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Speaker 2: on great How are we making decisions about what to

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Speaker 2: buy or what to invest in?

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Speaker 3: Good questions? So we have ten stocks and a very

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Speaker 3: broad arrange of them. We're actually quite retail heavy, possibly

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Speaker 3: for some reason we starting out. So we have a

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Speaker 3: spreadsheet and you update the spreadsheet with any socks that

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Speaker 3: you want to put forward in a meeting, and then

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Speaker 3: we reassess in the meeting. You know, WhatsApp Where are

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Speaker 3: we at at the moment? Do we want to sell anything,

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Speaker 3: do we want to reinvest in one that we've currently got,

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Speaker 3: do we want to invest in a new stock? And

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Speaker 3: so yeah, it's quite a broad portfolio, ranging from West Farmers.

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Speaker 3: We've got Catapult, which specializes in formance analytics athletes, which

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Speaker 3: has done quite well recently. We've got Sonic Healthcare, Willworth,

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Speaker 3: Pilgrim Minerals, Vanex Sustainable ETF, VAS, Vanguard one ash IVF,

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Speaker 3: which we thought might be a goodbye when.

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Speaker 2: That was all that it was about to say, did

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Speaker 2: you buy that recently when the media popped off?

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Speaker 3: We did. And that's what's so good is like we learn,

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Speaker 3: you know, we've now all got an ear to the

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Speaker 3: ground on what's happening where you know, our long term

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Speaker 3: strategy was eighty percent core stocks or just long term investments,

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Speaker 3: and then twenty percent play money. So how can we

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Speaker 3: learn with our stocks and with what's going on in

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Speaker 3: macro events and macro news.

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Speaker 2: That is actually so exciting. So I understand that you've

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Speaker 2: replicated like your mum's structure, right, But why would we

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Speaker 2: do a group investment as opposed to taking all this

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Speaker 2: knowledge and then making decisions about our own portfolio, Because,

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Speaker 2: like you said before, and I'm just like trying to

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Speaker 2: put the dots together. I suppose you said you had

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Speaker 2: your own investing portfolio before this, and then you started this,

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Speaker 2: and you're investing fifty dollars a month, which is really exciting.

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Speaker 2: Initial buy in of one thousand dollars each amazing. But

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Speaker 2: I would assume that if you guys are aggressive investors,

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Speaker 2: maybe this is the fun part and you all have

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Speaker 2: your own bigger portfolios. Is that an assumption that it

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Speaker 2: is on track?

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Speaker 3: Possibly some might be bigger than others. I realized I

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Speaker 3: have not given my own portfolio and much love at

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Speaker 3: all recently, Like there's something sitting in there that definitely

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Speaker 3: needs to go. And this is recurrent. We all came

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Speaker 3: from different learning platforms, and we're all from different backgrounds

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Speaker 3: and jobs, and our partners are in different roles and

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Speaker 3: different companies, so we're very broad. I think the reason

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Speaker 3: why it works is because we've got the same curiosity.

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Speaker 3: We're all at the same mind frame that we're not

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Speaker 3: a one hundred percent sure what we're doing, but if

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Speaker 3: we do it as a group, if we do it

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Speaker 3: as a pack, we kind of have that pack mentality.

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Speaker 2: We have that that's so fun, and if it's not

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Speaker 2: going well, you can all like HiPE each other up

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Speaker 2: and be like, that's the market, don't worry about it. Like, oh,

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Speaker 2: I'm so envious. I think that this is so fun.

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Speaker 2: Can I go back? Because you did mention you had

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Speaker 2: your own investing portfolio? When did you start that? Why

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Speaker 2: did you start investing solo?

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Speaker 3: I think it was again my mom, like she helped

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Speaker 3: me put my first Can.

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Speaker 2: I get your mum on the podcast? I want to

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Speaker 2: meet it.

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Speaker 3: Yeah, she should probably be hit, but again she it

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Speaker 3: was pulling over this like biodegradable gauze that you put

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Speaker 3: on burns and wounds. And that's gone terribly recently. And

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Speaker 3: I invested and then by the time I've walked from

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Speaker 3: the office to the kitchen, it had gone up fifty

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Speaker 3: dollars you kind of or whatever it was, I don't

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Speaker 3: know what it was. Yeah, and then you kind of

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Speaker 3: get that little high and yeah, I guess it was

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Speaker 3: from then onwards. Yeah, then you see it growing or

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Speaker 3: you can have conversations with other people about it, like

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Speaker 3: that's a big thing as well is a lot of

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Speaker 3: our partners worked in finance or working different industries and

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Speaker 3: there's sometimes some blocks or some scary, scary moments and

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Speaker 3: technical terms. But we're all able to have a seat

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Speaker 3: at the table now, whereas I don't think we may

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Speaker 3: have without the confidence of learning over the past few years.

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Speaker 2: Yeah, and you mentioned my own investing platform has taken

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Speaker 2: a bit of a back seat. What does that look like?

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Speaker 2: Are you talking you've got five hundred dollars invested? Like

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Speaker 2: what amount invested do you have personally?

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Speaker 3: Well, I actually was quite I've got fifteen K, but

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Speaker 3: that's only recently with my husband and I have started

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Speaker 3: doing dolo cost averaging for a stock.

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Speaker 2: I can't what stock. You can't say a stock this

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Speaker 2: is cheese on the money. I get to know what

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Speaker 2: stock why, well, okay, it's a charterholl really well okay,

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Speaker 2: but don't judge.

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Speaker 3: Me chatter or retail read that. I didn't even know

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Speaker 3: what dolo cost averaging was, but then he explained it,

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Speaker 3: And I'm actually going on maternity leave next year. So

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Speaker 3: it's just sort of future proofing and giving us an

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Speaker 3: opportunity to maybe store some cash and get some cash

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Speaker 3: back when necessary.

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Speaker 2: So when it comes to dolo cost averaging, you mentioned

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Speaker 2: a real estate fund, which is a relatively high yield fund.

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Speaker 2: Is the purpose of investing in that to kind of

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Speaker 2: carry you through maternity leave? Or like, how does that

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Speaker 2: fit together? Or are you just very aware that taking

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Speaker 2: time out of your job obviously has a big financial impact,

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Speaker 2: Like I just want to know the drivers.

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Speaker 3: Probably the latter it does, you know, I will have

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Speaker 3: a big financial drop. This is putting aside rather than investing. Say,

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Speaker 3: I don't know, we haven't actually discussed how much we're

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Speaker 3: doing this forward everywhere put a grand on, but you know,

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Speaker 3: rather than investing ten k at one time, it's just

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Speaker 3: safeguarding and making sure that we get a good investment

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Speaker 3: and then if we do need to sell that ten

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Speaker 3: k or whatever it is, hopefully make some money on

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Speaker 3: it next year if we do need to pull that

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Speaker 3: so saving and growing.

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Speaker 2: All right, I'm going to throw to a really quick break.

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Speaker 2: And on the flip side, I have so many more

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Speaker 2: nitty gritty questions about your investment journey, So guys, don't

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Speaker 2: go anywhere, all right, investing direst We are back, and

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Speaker 2: I'm genuinely so excited to jump back into this if

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Speaker 2: we go back to like your group portfolio, which I

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Speaker 2: just think is the most fun ever. The idea that

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Speaker 2: you're all just collaborating and making big group decisions about

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Speaker 2: like what ETF for, Like what direct share that you purchase.

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Speaker 2: What would you say is the share or the that

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Speaker 2: you've seen the best returns on?

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Speaker 3: Vas So the Vanguard we've definitely seen the best returns on.

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Speaker 2: I always find it so funny because I saw that

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Speaker 2: coming a mile off. When you told me what was

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Speaker 2: in your portfolio and that you'd started in twenty twenty three,

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Speaker 2: I was like, yeah, it's.

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Speaker 3: Going to be a bass so boring. No, no, no,

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Speaker 3: but like this is do you know what?

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Speaker 2: This validates me so much. I have this whole Finance

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Speaker 2: podcast where I say tried and true and steady is

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Speaker 2: the best, Like, you're not trying to outperform the market,

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Speaker 2: We're just trying to do the average Women are better

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Speaker 2: investors than men, like let's just be conservative, and so

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Speaker 2: many people are like, you need to take risks to

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Speaker 2: get ahead, and then I am so gratified when people

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Speaker 2: come on and they're like, yeah, so the best performing

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Speaker 2: thing is actually one of the most boring, and I'm like,

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Speaker 2: WHOA didn't see that coming? Those crazy It took us a.

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Speaker 3: While to get into ETFs because we didn't actually want

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Speaker 3: it to be too boring.

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Speaker 2: But at the same time, like West Farmers, we need

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Speaker 2: some good, solid returns.

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Speaker 3: Solid returns. So this year we've made eight percent and

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Speaker 3: that mimics the two hundred, but we've learned way more

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Speaker 3: than if we just put it all on the A

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Speaker 3: Sex two hundred. So yeah, there's pros and cons and

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Speaker 3: we've definitely like West Farmers. You know, we were calling

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Speaker 3: out cash Cow. There's even little stories around that, like

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Speaker 3: one of the girls didn't really understand what the cash

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Speaker 3: cow was, but she just said NU every time West's

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Speaker 3: was brought up.

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Speaker 2: Oh my god, because She probably thought that the word

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Speaker 2: cow was related to the farmer part.

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Speaker 3: Probably there are so many. Even when we first had

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Speaker 3: our we like we always talk about our Christmas party

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Speaker 3: just classic, like you know, kind of like your friends

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Speaker 3: giving lunch, like just girls. And we had our first

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Speaker 3: Christmas party. It was hosted at one of the girls

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Speaker 3: house and she got ASEX balloons and we put it

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Speaker 3: all up on social media and people thought we made

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Speaker 3: a company and listed it on the Exchange.

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Speaker 2: I don't mind that they thought you did that. I

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Speaker 2: love that. Yeah, I would have seen it. And just

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Speaker 2: being jealous, what do you mean an ASX party? Are

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Speaker 2: you saying that? Like maybe, like I've already turned thirty,

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Speaker 2: so this is quite disappointing. I might have to wait

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Speaker 2: till like my fortieth, but it could be ASX themed.

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Speaker 2: Great idea, and you come as your favorite company, yep,

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Speaker 2: you come as your favorite.

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Speaker 3: Stocky heap of et.

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Speaker 2: I'm coming as West Farmers cash cow move. This is amazing.

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Speaker 2: I've seen similar things happening. I own West Farmers and

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Speaker 2: like it's gone really well. And I'm not saying this

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Speaker 2: to be like, oh, it's a great investment, because like

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Speaker 2: past performance, it's not a reliable indicator of future performance

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Speaker 2: and all of that other stuff. But like, it's been

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Speaker 2: so interesting watching it, especially over like the COVID period

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Speaker 2: and coming out of it, and what drives those returns?

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Speaker 2: And like because West Farmers and you guys are probably

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Speaker 2: as interested in this as I am, But what drives

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Speaker 2: those returns? Because West Farmers doesn't it's not just like

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Speaker 2: one company. It owns multiple companies that's the parent company

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Speaker 2: of like Target and Kmart and office Works and Bunnings,

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Speaker 2: and like, getting to look at all of those companies

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Speaker 2: and their returns and how they then filter up to

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Speaker 2: West Farmers and how they organize their company is just

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Speaker 2: so interesting, and you go, what makes sense so interesting?

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Speaker 3: That's what we also are best at is investing in

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Speaker 3: stuff that we know, Like we also hold Woolies, which

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Speaker 3: you know, West Farmers is kind of premium in terms

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Speaker 3: of it's got Kmart, Woolies has Big W. You know,

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Speaker 3: we've had conversations about that, like who the hell goes

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Speaker 3: to Big W these days? Like it's just such a

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Speaker 3: subper camar and so all our relative perspectives and views

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Speaker 3: come into it, and I think that also informs.

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Speaker 2: Our strategy and how and lived experience is important. I

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Speaker 2: want to pick back up on a comment you made before,

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Speaker 2: you said, we really retail heavy, and sometimes when you

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Speaker 2: are retail heavy, you've kind of like not diversified enough

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Speaker 2: and spread it out. But I feel like if you've

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Speaker 2: got a Woolies, well West Farmers no longer has that

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Speaker 2: association with Coles, so you don't actually have a supermarket

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Speaker 2: in that mix, So like that's not a bad mix

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Speaker 2: to have. And then I feel like even under West Farmers,

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Speaker 2: that's an umbrella company of very different companies. Like you

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Speaker 2: look at kmart for example, and I go, wow, that's

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Speaker 2: a very high volume, great profit company, but they make

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Speaker 2: very low margins. So if you read there your report,

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Speaker 2: like they are not making much on each of the

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Speaker 2: products that they're selling, but their entire model is based

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Speaker 2: off volume selling. And so you go great, no worries.

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Speaker 2: But then you flip over and it's different again for

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Speaker 2: Bunnings because Bunnings they don't make their own product in

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Speaker 2: comparison to km UP, which own the Ancho brand. And

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Speaker 2: then you go, okay, well Bunnings they are on sellers.

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Speaker 2: They're like a third party, so it's like a different

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Speaker 2: model again, and I don't know. I get so nitty

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Speaker 2: gritty about like their annual reports and what that looks

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Speaker 2: like and what the best selling brands in Bunnings look like,

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Speaker 2: and you know what's driving that. And it's just so perfect,

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Speaker 2: Like it's like gossip, but in shares so true.

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Speaker 3: There's so many different aspects to it. You never not

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Speaker 3: learn something, you know, and that's what every every time

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Speaker 3: we come away from meeting it. You're kind of buoyed

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Speaker 3: by great charts, interesting conversation, relevant conversation, and good food.

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Speaker 3: Whoever hosts normally provide something really delicious.

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Speaker 2: Puts on a good spread. How good? Tell me? Do

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Speaker 2: you have any in the regrets?

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Speaker 3: Yes, you know, there's pros and cons to it. Because

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Speaker 3: of regrets, we've definitely learned from them. We have got

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00:20:06,720 --> 00:20:09,520
Speaker 3: caught up in hyps and trends that they've been learning

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Speaker 3: and so, as one of the girls said, even the

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Speaker 3: mistakes have been good. But we did invest in I

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Speaker 3: don't know how do you say this, but Satyr or Satire,

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Speaker 3: the online luxury fashion retailers. So they went through a

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Speaker 3: pretty hefty, like nearly five million dollar loss, they said

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Speaker 3: tariff changes, and the CEO was a bit unusual and

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Speaker 3: it was all over podcasts, but we definitely it was

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Speaker 3: just recorded our problem child, and it would just be

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Speaker 3: in the news and it would just sort of peek control.

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Speaker 3: But yeah, that was that was a good learning anyway.

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Speaker 2: And that's why we diversified and not all of your

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Speaker 2: money was in there. So it can be the problem

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Speaker 2: child because it doesn't mean that the whole portfolio is

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Speaker 2: not performing. It just means we need to watch the

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Speaker 2: problem child exactly, and then you.

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Speaker 1: Know it's not.

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Speaker 3: At one point we thought, you know, Pilgrim minerals, our

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Speaker 3: lithum was the problem, but you know that's come back obviously,

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Speaker 3: you know resources, so it it's dependent on that. But

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Speaker 3: it's just no matter what if it's bad, it'll still

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Speaker 3: have a good result in terms of you know what

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Speaker 3: else we can get out of it.

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Speaker 2: When it comes to sitting down and having these big conversations,

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Speaker 2: you've obviously taken a lot of time and energy and

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Speaker 2: effort to set this up properly. Have you got a

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Speaker 2: structured strategy or is this like a let's go and

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Speaker 2: start investing in things that we believe in and like

432
00:21:28,240 --> 00:21:30,680
Speaker 2: do research in or are you sitting down going great

433
00:21:31,040 --> 00:21:34,440
Speaker 2: the base strategy of this mentality is a core and

434
00:21:34,520 --> 00:21:37,399
Speaker 2: satellite approach or is it a look, we're looking for

435
00:21:37,520 --> 00:21:39,520
Speaker 2: high growth or we're looking for high yield. What are

436
00:21:39,600 --> 00:21:41,960
Speaker 2: we talking about there, because when it comes to I

437
00:21:42,000 --> 00:21:45,119
Speaker 2: guess dividends, are we trying to prioritize dividends or are

438
00:21:45,240 --> 00:21:47,520
Speaker 2: prioritizing growth or like what does that look like?

439
00:21:47,920 --> 00:21:52,120
Speaker 3: So it's definitely core and stratellite mentality and the fact

440
00:21:52,200 --> 00:21:55,240
Speaker 3: that we are all of the same sort of nature

441
00:21:55,320 --> 00:21:58,760
Speaker 3: and you know mentality again it is beneficial. Here is

442
00:21:58,920 --> 00:22:02,040
Speaker 3: so we we've never sat down and said, oh, we're

443
00:22:02,080 --> 00:22:04,200
Speaker 3: going to get to you know, two hundred K and

444
00:22:04,280 --> 00:22:08,080
Speaker 3: then sell out and break up or you know, there's

445
00:22:08,119 --> 00:22:11,640
Speaker 3: never been a sort of long term strategy or plan.

446
00:22:12,240 --> 00:22:15,680
Speaker 3: Our goal is to just keep investing, not having it

447
00:22:15,760 --> 00:22:18,159
Speaker 3: in the bank. So if we you know, where I

448
00:22:18,200 --> 00:22:20,320
Speaker 3: think we've got twenty six K worth of stocks at

449
00:22:20,320 --> 00:22:22,040
Speaker 3: the moment, where have shares at the moment and then

450
00:22:22,200 --> 00:22:24,879
Speaker 3: four k in the bank, and so we call it,

451
00:22:25,040 --> 00:22:27,800
Speaker 3: we say it's time to go shopping and we either

452
00:22:27,920 --> 00:22:31,159
Speaker 3: decide to you know, reinvest it in current stocks or

453
00:22:31,240 --> 00:22:33,879
Speaker 3: go or put that towards a new stock. So in

454
00:22:34,000 --> 00:22:37,400
Speaker 3: terms of all our dividends, we agree that they would

455
00:22:37,440 --> 00:22:39,720
Speaker 3: be comeing as income, so they go back into our

456
00:22:39,800 --> 00:22:43,200
Speaker 3: cash account, all seventy seven dollars if some of those.

457
00:22:43,119 --> 00:22:45,880
Speaker 2: Different sorry from little things, big things grow. Your mum

458
00:22:45,960 --> 00:22:48,880
Speaker 2: started in nineteen ninety nine and she's probably killing it now.

459
00:22:48,920 --> 00:22:52,560
Speaker 2: Oh yes, you've only got only quote twenty six thousand dollars,

460
00:22:52,640 --> 00:22:55,080
Speaker 2: but sorry, overtime, that's going to become a lot.

461
00:22:55,000 --> 00:22:56,320
Speaker 3: One hundred per and that's cool.

462
00:22:56,359 --> 00:22:57,879
Speaker 2: And I want to know what the strategy is for

463
00:22:57,960 --> 00:23:00,359
Speaker 2: that too, because I'm like, okay, so we then just

464
00:23:00,760 --> 00:23:03,520
Speaker 2: leaving that investment there and splitting the dividends at some

465
00:23:03,600 --> 00:23:06,520
Speaker 2: point to supplement your incomes or are we selling down?

466
00:23:06,640 --> 00:23:08,640
Speaker 2: But if we sell down would have capital gains tax

467
00:23:08,680 --> 00:23:12,119
Speaker 2: And obviously there's some conversation about whether it's owned by

468
00:23:12,160 --> 00:23:14,840
Speaker 2: the company. You've set up there for thirty percent tax rate,

469
00:23:15,240 --> 00:23:17,159
Speaker 2: but then do you have to then pay tax on

470
00:23:17,240 --> 00:23:18,960
Speaker 2: it as an individual if you take it out? Like

471
00:23:19,040 --> 00:23:20,600
Speaker 2: what's that look like? There's so many questions.

472
00:23:20,680 --> 00:23:23,960
Speaker 3: I have so many questions I think we'd follow. We

473
00:23:24,119 --> 00:23:26,400
Speaker 3: yet to properly formally discuss.

474
00:23:26,119 --> 00:23:28,000
Speaker 2: This, but no, we're not selling out yet, we're too new.

475
00:23:28,359 --> 00:23:31,600
Speaker 3: Well yeah, but if we were mimicking women in black.

476
00:23:31,680 --> 00:23:33,480
Speaker 3: My mum's one. It would be they get to two

477
00:23:33,560 --> 00:23:35,359
Speaker 3: hundred k and they have a sell off and they

478
00:23:35,400 --> 00:23:36,040
Speaker 3: all get a few k.

479
00:23:36,320 --> 00:23:38,240
Speaker 2: Yeah, they never let their.

480
00:23:38,320 --> 00:23:41,280
Speaker 3: Hopefullio go below one hundred k for whatever reason. Probably

481
00:23:41,280 --> 00:23:43,840
Speaker 3: should have asked that, but it's just yeah, and in

482
00:23:44,000 --> 00:23:46,879
Speaker 3: terms of then the tax associated around that. Gosh, I'm

483
00:23:46,920 --> 00:23:49,040
Speaker 3: lucky enough to have ways smarter girls.

484
00:23:48,840 --> 00:23:52,560
Speaker 2: In a group that understand yeah, ten out of ten.

485
00:23:53,040 --> 00:23:55,520
Speaker 2: So tell me what does it look like if your

486
00:23:55,720 --> 00:23:58,000
Speaker 2: group has said, all right, it's time to go shopping.

487
00:23:58,400 --> 00:24:01,679
Speaker 2: I'm imagining that you do these ASX in the city meetings,

488
00:24:01,760 --> 00:24:04,760
Speaker 2: like on a rotating basis at different people's houses. Are

489
00:24:04,800 --> 00:24:06,600
Speaker 2: we standing in front of our TV and doing a

490
00:24:06,640 --> 00:24:11,040
Speaker 2: big PowerPoint presentation on what stock you think should be added?

491
00:24:11,080 --> 00:24:14,000
Speaker 2: Because if not, we need to start doing that, like

492
00:24:14,160 --> 00:24:15,040
Speaker 2: pitch me a stop.

493
00:24:15,160 --> 00:24:18,760
Speaker 3: So we do have a spreadsheet that is updated prior

494
00:24:18,960 --> 00:24:20,720
Speaker 3: to the meeting, so if you have something that you

495
00:24:20,800 --> 00:24:22,920
Speaker 3: want to put forward, put it in. But we made

496
00:24:22,960 --> 00:24:27,439
Speaker 3: a rule that we weren't going to all come at

497
00:24:27,440 --> 00:24:30,119
Speaker 3: at every meeting with a new stop because that just

498
00:24:30,200 --> 00:24:33,639
Speaker 3: gets people get messy. People don't They're not as passionate

499
00:24:33,680 --> 00:24:35,680
Speaker 3: about it. They'll just chuck in whatever they just heard.

500
00:24:36,160 --> 00:24:38,800
Speaker 3: But if we actually think about something, so we'll go

501
00:24:38,920 --> 00:24:41,679
Speaker 3: through the spreadsheet see if there are any new additions

502
00:24:41,920 --> 00:24:45,760
Speaker 3: all additions. One of the girls mentioned Rebel Right at

503
00:24:45,800 --> 00:24:48,720
Speaker 3: the start, and everyone was making coffees at home and

504
00:24:48,800 --> 00:24:51,440
Speaker 3: it was you know, the economic COSI lead issues and

505
00:24:52,040 --> 00:24:54,919
Speaker 3: it would have been amazing. So we're always revisiting Rebel.

506
00:24:55,040 --> 00:24:57,920
Speaker 2: I'm actually very disappointed. I didn't invest in Rebel. For

507
00:24:58,000 --> 00:25:00,280
Speaker 2: the longest time, I was like, no, like coffee, it's

508
00:25:00,280 --> 00:25:01,920
Speaker 2: not my jam. I really want to go out. And

509
00:25:02,000 --> 00:25:05,720
Speaker 2: now I'm in a committed relationship with my coffee machine,

510
00:25:06,080 --> 00:25:09,159
Speaker 2: and I'm like, Brevel, you and I besties, and all

511
00:25:09,240 --> 00:25:10,920
Speaker 2: they do is get better stop it.

512
00:25:11,280 --> 00:25:12,600
Speaker 3: So you did invest?

513
00:25:12,800 --> 00:25:15,520
Speaker 2: No, I didn't. I invested in the bloody machine, not

514
00:25:15,760 --> 00:25:18,919
Speaker 2: in the stock. And then once I had the machine,

515
00:25:18,960 --> 00:25:20,639
Speaker 2: I was like, well, this is good. I see why

516
00:25:20,720 --> 00:25:23,959
Speaker 2: everybody's crazy about it. This share is going to pop off.

517
00:25:24,040 --> 00:25:26,800
Speaker 2: For the longest time, and I've been watching it, probably

518
00:25:26,920 --> 00:25:29,080
Speaker 2: since it's on my watch list. So when I log

519
00:25:29,160 --> 00:25:31,880
Speaker 2: into my platform, I've got like the shares that I own,

520
00:25:31,960 --> 00:25:34,239
Speaker 2: and I too have a core satellite approach, and then

521
00:25:34,280 --> 00:25:36,359
Speaker 2: I have my watch list of stuff that I'm like, no,

522
00:25:36,560 --> 00:25:38,520
Speaker 2: it's probably overvalued, but I want to keep an eye

523
00:25:38,520 --> 00:25:40,119
Speaker 2: on it because if it drops, I'll probably put some

524
00:25:40,440 --> 00:25:42,960
Speaker 2: money into it for my satellite. But Revel's been doing

525
00:25:43,040 --> 00:25:46,240
Speaker 2: too well, so I can't justify investing in it because

526
00:25:46,240 --> 00:25:48,119
Speaker 2: I'm like, I look at your your reports and I

527
00:25:48,200 --> 00:25:50,920
Speaker 2: look at everything and like you're doing well, So like, yes,

528
00:25:50,960 --> 00:25:52,359
Speaker 2: I want to be on that train, but I'm not

529
00:25:52,440 --> 00:25:55,040
Speaker 2: getting any value if I purchased your share right now

530
00:25:55,359 --> 00:25:59,359
Speaker 2: because you're popular, so I would argue that you're slightly overvalued,

531
00:26:00,119 --> 00:26:02,360
Speaker 2: or as a savvy investor, I'm not going to put

532
00:26:02,400 --> 00:26:04,280
Speaker 2: my money in there until I see a market dip.

533
00:26:04,440 --> 00:26:06,520
Speaker 2: But I don't want them to experience a market dip

534
00:26:06,600 --> 00:26:09,400
Speaker 2: because I'm like, but you're a good company, so maybe

535
00:26:09,440 --> 00:26:10,639
Speaker 2: I'll just never own Brevel.

536
00:26:10,880 --> 00:26:13,760
Speaker 3: We're really exact same mentality. It's actually a bit of

537
00:26:13,800 --> 00:26:17,200
Speaker 3: a sour spot. Even one of our guests speakers recommended

538
00:26:17,240 --> 00:26:20,640
Speaker 3: it again recently, and we just all cringe a bit

539
00:26:20,800 --> 00:26:22,160
Speaker 3: because it would have done well.

540
00:26:22,359 --> 00:26:23,600
Speaker 2: But you've got West Farmer's Salts.

541
00:26:23,640 --> 00:26:26,119
Speaker 3: Fine, but exactly that whole you know, what we're investing,

542
00:26:26,200 --> 00:26:28,920
Speaker 3: what you know, like we all obviously have a love

543
00:26:29,359 --> 00:26:31,919
Speaker 3: gold jewelry, you know, getting engaged that sort of thing,

544
00:26:32,040 --> 00:26:33,720
Speaker 3: and should really invest in that.

545
00:26:33,840 --> 00:26:36,359
Speaker 2: But oh, that would just gold is going up at

546
00:26:36,400 --> 00:26:39,280
Speaker 2: the moment as well. I'm watching that being like, my goodness,

547
00:26:39,640 --> 00:26:43,760
Speaker 2: where's the deal? Yeah, where's the top? And I obviously

548
00:26:43,800 --> 00:26:46,200
Speaker 2: it's a much more conservative assets probably not going to

549
00:26:46,280 --> 00:26:48,399
Speaker 2: come into the mix of what you guys are talking about,

550
00:26:48,440 --> 00:26:51,680
Speaker 2: but it's just so interesting watching these things going. Oh

551
00:26:51,920 --> 00:26:55,560
Speaker 2: like this makes sense though, because if we look at

552
00:26:55,600 --> 00:26:59,240
Speaker 2: it from a zoomed out perspective, when share markets are uncertain,

553
00:26:59,280 --> 00:27:01,280
Speaker 2: which I would say they are very uncertain of the moment,

554
00:27:01,359 --> 00:27:04,280
Speaker 2: that doesn't mean they're performing not well. That just means

555
00:27:04,320 --> 00:27:06,399
Speaker 2: there's not a lot of clarity around what's going on.

556
00:27:06,640 --> 00:27:09,359
Speaker 2: And I mean Trump is probably a really big driver

557
00:27:09,600 --> 00:27:14,000
Speaker 2: of this. But when there is uncertainty in the market,

558
00:27:14,119 --> 00:27:17,800
Speaker 2: people return to things like gold and buying silver. Even

559
00:27:17,880 --> 00:27:20,119
Speaker 2: silver's going through the roof and I'm like, I didn't

560
00:27:20,119 --> 00:27:22,560
Speaker 2: think that was making a comeback, But Okay, someone's buying.

561
00:27:22,720 --> 00:27:25,040
Speaker 2: Someone's buying. It's not me, but someone's buying it, and

562
00:27:25,160 --> 00:27:28,880
Speaker 2: I am watching, So tell me from a personal perspective,

563
00:27:29,520 --> 00:27:32,360
Speaker 2: what would you say is your personal long term goal

564
00:27:32,480 --> 00:27:35,320
Speaker 2: with investing, because you've touched on obviously having this fun

565
00:27:35,400 --> 00:27:38,680
Speaker 2: share group, and from the way that your mum runs hers,

566
00:27:38,800 --> 00:27:40,439
Speaker 2: you kind of end up at a cap and then

567
00:27:40,480 --> 00:27:42,360
Speaker 2: you sell down. Everyone gets a bit of pocket money

568
00:27:42,400 --> 00:27:44,399
Speaker 2: can do whatever they want with it. You're more on

569
00:27:44,520 --> 00:27:47,400
Speaker 2: an education journey with that. You then have started dollar

570
00:27:47,480 --> 00:27:50,399
Speaker 2: cost averaging into the market with your husband, But I

571
00:27:50,440 --> 00:27:52,560
Speaker 2: feel like your priority was like, are we just making

572
00:27:52,600 --> 00:27:54,160
Speaker 2: sure that we can get through the next year because

573
00:27:54,160 --> 00:27:56,720
Speaker 2: I'm going to take maternity leave at some point, Like

574
00:27:56,880 --> 00:27:59,000
Speaker 2: what's the long term goal with investing for you?

575
00:28:00,160 --> 00:28:00,440
Speaker 3: Question?

576
00:28:01,240 --> 00:28:03,560
Speaker 2: Just to make as much as like bi con same,

577
00:28:03,640 --> 00:28:04,320
Speaker 2: I want to be rich.

578
00:28:04,440 --> 00:28:07,440
Speaker 3: I've never actually never sat down and thought I want

579
00:28:07,480 --> 00:28:09,440
Speaker 3: to get X amount I want to get to hear

580
00:28:09,560 --> 00:28:12,040
Speaker 3: of just kind of falling into wherever I've ended up.

581
00:28:12,160 --> 00:28:15,760
Speaker 3: But it's hard because my husband and I have our

582
00:28:15,840 --> 00:28:19,040
Speaker 3: own portfolios, but really everything else, like our bank account,

583
00:28:19,080 --> 00:28:22,240
Speaker 3: everything's joined. So really we probably need to sit down

584
00:28:22,320 --> 00:28:24,280
Speaker 3: and think about, Okay, you know, how can we join

585
00:28:24,359 --> 00:28:26,159
Speaker 3: these two or what are you going to invest in?

586
00:28:26,200 --> 00:28:27,399
Speaker 3: What am I going to invest in? How are we

587
00:28:27,440 --> 00:28:30,000
Speaker 3: going to make the most of these things? But I

588
00:28:30,160 --> 00:28:33,520
Speaker 3: think investing in stuff that I am passionate about, learning

589
00:28:33,560 --> 00:28:36,720
Speaker 3: about that along the way, going back through my portfolio

590
00:28:36,800 --> 00:28:38,720
Speaker 3: and just getting rid of anything that I'm not that

591
00:28:38,880 --> 00:28:41,600
Speaker 3: passionate about or it's dragging me down. But yeah, just

592
00:28:41,680 --> 00:28:44,120
Speaker 3: being smart about that sort of stuff. But I probably

593
00:28:44,160 --> 00:28:46,760
Speaker 3: do need to take a more targeted view on where

594
00:28:46,800 --> 00:28:47,160
Speaker 3: I'm at it.

595
00:28:47,360 --> 00:28:49,480
Speaker 2: No, that's okay. We don't always have to know. I

596
00:28:49,560 --> 00:28:52,480
Speaker 2: think just being on the journey is like the start, right, Like,

597
00:28:52,560 --> 00:28:55,120
Speaker 2: once you're on the journey, it's so much easier to

598
00:28:55,400 --> 00:28:57,040
Speaker 2: work out where you're going and what you're doing, and

599
00:28:57,160 --> 00:28:59,520
Speaker 2: nothing is scary anymore. You just need a strategy. And

600
00:28:59,600 --> 00:29:02,120
Speaker 2: sometimes we just put strategy off because we're like, oh,

601
00:29:02,200 --> 00:29:04,280
Speaker 2: that can come later. Like I'm just having fun right now.

602
00:29:04,520 --> 00:29:06,240
Speaker 2: That's fine, as long as we're in the market. We're

603
00:29:06,280 --> 00:29:08,880
Speaker 2: in the market. My love, you have worked so hard

604
00:29:08,960 --> 00:29:11,320
Speaker 2: and this is just all so exciting. I feel like

605
00:29:11,600 --> 00:29:14,760
Speaker 2: you're building up your investment portfolio. You've got your investment portfolio,

606
00:29:14,840 --> 00:29:16,760
Speaker 2: You've got a really great career. But how are you

607
00:29:16,880 --> 00:29:20,160
Speaker 2: protecting it? Do you have personal insurances set up? If so? How?

608
00:29:20,360 --> 00:29:25,239
Speaker 3: If not? Why? Good question? So personal insurances? I had

609
00:29:25,320 --> 00:29:28,640
Speaker 3: no idea about until one of the girls actually had

610
00:29:28,680 --> 00:29:32,000
Speaker 3: a presentation at work and shared that with us. We

611
00:29:32,160 --> 00:29:35,400
Speaker 3: all sat around her computer and rewatched the replay. But

612
00:29:35,800 --> 00:29:40,719
Speaker 3: basically it was just around ensuring I think the biggest

613
00:29:40,760 --> 00:29:43,960
Speaker 3: thing at our age just not about life insurance. It's

614
00:29:43,960 --> 00:29:48,760
Speaker 3: about income insurance and you can if you have a partner,

615
00:29:48,880 --> 00:29:51,480
Speaker 3: can they support you know, if you have a mortgage

616
00:29:51,640 --> 00:29:55,040
Speaker 3: or your if you have a kid. All this is

617
00:29:55,080 --> 00:29:57,880
Speaker 3: actually becoming more and more apparent as we get older

618
00:29:57,880 --> 00:30:01,800
Speaker 3: and life gets more complex. So on that note, I

619
00:30:01,960 --> 00:30:05,920
Speaker 3: think working out with your super what it covers and

620
00:30:06,000 --> 00:30:08,479
Speaker 3: what it doesn't or is there a double up? Are

621
00:30:08,520 --> 00:30:12,000
Speaker 3: you paying privately and then are you paying for your super?

622
00:30:12,280 --> 00:30:16,000
Speaker 3: So I have had everything turned off in super, so

623
00:30:16,160 --> 00:30:17,840
Speaker 3: no cover for any of those.

624
00:30:17,840 --> 00:30:19,680
Speaker 2: Yeah, giving me anxiety. Why'd you do that?

625
00:30:20,000 --> 00:30:23,360
Speaker 3: Well? I just thought, you know, I don't need that

626
00:30:23,640 --> 00:30:25,160
Speaker 3: right now, and that to be honest, I think I

627
00:30:25,280 --> 00:30:28,360
Speaker 3: made that about a year or more, possibly two years ago,

628
00:30:28,520 --> 00:30:31,320
Speaker 3: that decision. Haven't checked in on it since. So it's

629
00:30:31,360 --> 00:30:33,720
Speaker 3: actually this is a good reminder and to everyone else

630
00:30:33,800 --> 00:30:37,240
Speaker 3: out there to check in on what you you know,

631
00:30:37,600 --> 00:30:39,680
Speaker 3: where you are at life, and what you in life

632
00:30:39,720 --> 00:30:42,400
Speaker 3: and what you do need to cover for so since

633
00:30:42,520 --> 00:30:46,360
Speaker 3: becoming pregnant like that, it just depends on what and

634
00:30:46,840 --> 00:30:51,240
Speaker 3: getting mortgage like income protection seriously important, so we'll go

635
00:30:51,320 --> 00:30:54,000
Speaker 3: in and tick that off. Another thing I also learned

636
00:30:54,160 --> 00:30:57,760
Speaker 3: was that super can you can pay through your super,

637
00:30:57,800 --> 00:30:59,600
Speaker 3: but you can also pay privately, but you can get

638
00:30:59,640 --> 00:31:04,520
Speaker 3: your super to pay the private But I think and

639
00:31:04,720 --> 00:31:08,440
Speaker 3: trauma like trauma is just growing in terms of as

640
00:31:08,520 --> 00:31:10,040
Speaker 3: we get like burnout.

641
00:31:10,560 --> 00:31:12,120
Speaker 2: Isn't it crazy to.

642
00:31:12,160 --> 00:31:14,720
Speaker 3: Hate stress, former climate, all that sort of stuff.

643
00:31:14,720 --> 00:31:17,080
Speaker 2: I'm obviously wildly passionate about it. And for people who

644
00:31:17,120 --> 00:31:19,040
Speaker 2: have been following She's on the Money and listening to it,

645
00:31:19,120 --> 00:31:21,000
Speaker 2: they know how crazy I am about it. But you're

646
00:31:21,040 --> 00:31:23,920
Speaker 2: so right. But then I also get so stressed when

647
00:31:23,960 --> 00:31:26,160
Speaker 2: young people like you go, I don't need it right

648
00:31:26,240 --> 00:31:29,520
Speaker 2: now in this season of my life. But then life happens,

649
00:31:29,640 --> 00:31:31,480
Speaker 2: and then like you might be playing netball and you

650
00:31:31,480 --> 00:31:33,840
Speaker 2: get a knee injury or like all these like things

651
00:31:33,880 --> 00:31:36,560
Speaker 2: that are not that quote deep happen. Then you go

652
00:31:36,640 --> 00:31:38,960
Speaker 2: to do your assessment to finally get personal insurances and

653
00:31:38,960 --> 00:31:41,320
Speaker 2: they're like, okay, we'll do this, but we're not covering

654
00:31:41,360 --> 00:31:45,400
Speaker 2: you for ABCD because you have pre existing conditions, but

655
00:31:45,520 --> 00:31:48,120
Speaker 2: you just canceled the cover that had no pre existing

656
00:31:48,240 --> 00:31:51,320
Speaker 2: conditions like exempt, Like oh my god, like if we'd

657
00:31:51,360 --> 00:31:53,160
Speaker 2: kept that would be in such a better position. But

658
00:31:53,240 --> 00:31:55,880
Speaker 2: you don't know what you don't know right, like, go, well,

659
00:31:55,920 --> 00:31:57,480
Speaker 2: why am I paying for something that I don't think

660
00:31:57,520 --> 00:32:00,320
Speaker 2: I need? And that sounds like a money to get

661
00:32:00,400 --> 00:32:01,920
Speaker 2: rid of it. Great, I'll have more super in my

662
00:32:02,280 --> 00:32:06,280
Speaker 2: account like everybody's winning. But it's just not the case.

663
00:32:06,600 --> 00:32:08,200
Speaker 2: So I know you're going to look into it. I'm

664
00:32:08,240 --> 00:32:09,680
Speaker 2: going to hook you up with my mate Peel from

665
00:32:09,720 --> 00:32:12,000
Speaker 2: Skywealth so that you can talk about it properly and

666
00:32:12,040 --> 00:32:15,640
Speaker 2: get the right insurances. But like, my god, it gives

667
00:32:15,720 --> 00:32:18,120
Speaker 2: me so much anxiety when people are like, I'm having

668
00:32:18,120 --> 00:32:21,600
Speaker 2: a baby and I have no insurance. I'm like, so,

669
00:32:21,960 --> 00:32:22,280
Speaker 2: I guess.

670
00:32:22,440 --> 00:32:29,040
Speaker 3: So for eleven girls with varying degrees of complex life situations,

671
00:32:29,560 --> 00:32:31,600
Speaker 3: what would you recommend.

672
00:32:31,600 --> 00:32:34,960
Speaker 2: For eleven girls? I would recommend going and actually talking

673
00:32:35,000 --> 00:32:37,600
Speaker 2: to a financial advisor about this. And it's not as

674
00:32:37,680 --> 00:32:40,680
Speaker 2: expensive as you think it's going to be. Because when

675
00:32:41,040 --> 00:32:44,520
Speaker 2: I retired as a financial advisor, that sounds so bouchie, right.

676
00:32:45,080 --> 00:32:49,080
Speaker 2: When I retired as a financial advisor, I divided off

677
00:32:49,120 --> 00:32:51,680
Speaker 2: all of my clients to different businesses, right, and I

678
00:32:51,760 --> 00:32:54,080
Speaker 2: had a really varying client base. I had like some

679
00:32:54,280 --> 00:32:57,320
Speaker 2: ultra high net wealth people where I managed absolutely everything

680
00:32:57,400 --> 00:32:59,800
Speaker 2: for them. I had some mom and dad investors who

681
00:33:00,160 --> 00:33:02,239
Speaker 2: we did their investments, we did their super we did

682
00:33:02,280 --> 00:33:04,480
Speaker 2: their insurances. But then I had a number of people

683
00:33:04,520 --> 00:33:06,520
Speaker 2: in your age group where you're like, I'm going to

684
00:33:06,600 --> 00:33:08,880
Speaker 2: run my own investments. I'm all good there, but like,

685
00:33:08,960 --> 00:33:12,400
Speaker 2: can you just set up my insurances? And feel from Skywell,

686
00:33:12,440 --> 00:33:14,840
Speaker 2: I feel like I'm just like pumping him up all

687
00:33:14,880 --> 00:33:17,440
Speaker 2: the time, but like he's genuinely a good egg. He

688
00:33:17,760 --> 00:33:20,960
Speaker 2: just does insurances. So because you guys are so good

689
00:33:21,000 --> 00:33:23,720
Speaker 2: at investments and stuff, I wouldn't go see a financial

690
00:33:23,760 --> 00:33:26,760
Speaker 2: advisor who's holistic because they're going to charge you through

691
00:33:26,800 --> 00:33:28,600
Speaker 2: the nose. They're going to charge you like five or

692
00:33:28,640 --> 00:33:32,720
Speaker 2: six thousand dollars, whereas Phil's fees are like five hundred

693
00:33:32,760 --> 00:33:35,320
Speaker 2: dollars and under to just set it all up for

694
00:33:35,360 --> 00:33:37,280
Speaker 2: you because he only does insurances. Like, if you want

695
00:33:37,280 --> 00:33:38,880
Speaker 2: to talk to him about investment, he'd be like, also,

696
00:33:38,960 --> 00:33:41,760
Speaker 2: do you do an investment advisor? I am a niche.

697
00:33:41,960 --> 00:33:44,040
Speaker 2: I do this every single day. He has like a

698
00:33:44,120 --> 00:33:47,360
Speaker 2: team of fifty. Literally, I feel like it's like when

699
00:33:47,400 --> 00:33:49,720
Speaker 2: you look at I don't know when I'm like just

700
00:33:49,720 --> 00:33:51,560
Speaker 2: talking about my mate Field, people like, oh, so we

701
00:33:51,600 --> 00:33:53,960
Speaker 2: did the work independently. I'm like, oh no, he's actually

702
00:33:54,000 --> 00:33:57,560
Speaker 2: got a really big business and the entire purposes insurances.

703
00:33:58,000 --> 00:33:59,920
Speaker 2: I would actually recommend them to all go and get

704
00:34:00,320 --> 00:34:04,440
Speaker 2: individually assessed and all individually talk to Phil, you know what,

705
00:34:05,040 --> 00:34:06,680
Speaker 2: I'll chat to Feel and be like, can we do

706
00:34:06,760 --> 00:34:09,920
Speaker 2: a little delio. I've got eleven for you, Like, so

707
00:34:10,120 --> 00:34:11,640
Speaker 2: let me see what I can do in the background.

708
00:34:11,719 --> 00:34:13,240
Speaker 2: But I would one thousand percent see.

709
00:34:13,120 --> 00:34:15,560
Speaker 3: Feel that is so good. Save Victoria at the door,

710
00:34:16,080 --> 00:34:19,920
Speaker 3: But that would be amazing because yeah, I just think

711
00:34:20,160 --> 00:34:22,080
Speaker 3: where even if you think that you we.

712
00:34:22,080 --> 00:34:24,120
Speaker 2: Could run a little webinar for the eleven of you.

713
00:34:25,600 --> 00:34:27,680
Speaker 2: Wouldn't that be fun? Oh it will be fun for me,

714
00:34:27,880 --> 00:34:30,760
Speaker 2: Maybe not for everybody else, but maybe we do a webinar.

715
00:34:31,040 --> 00:34:33,160
Speaker 3: It's also funny like when you when you have a

716
00:34:33,239 --> 00:34:35,680
Speaker 3: good contact and they can be of so much benefit

717
00:34:35,760 --> 00:34:39,319
Speaker 3: to other people, Like even just our accountant love him

718
00:34:39,320 --> 00:34:41,800
Speaker 3: so much and he helped so much help you know

719
00:34:41,920 --> 00:34:42,880
Speaker 3: text reported in it.

720
00:34:43,000 --> 00:34:44,759
Speaker 2: But I love it. It's so much I wanted just.

721
00:34:44,800 --> 00:34:47,239
Speaker 3: To share it and share the love that that would

722
00:34:47,239 --> 00:34:47,680
Speaker 3: be amazing.

723
00:34:47,880 --> 00:34:49,719
Speaker 2: All right, let me let me work that out in

724
00:34:49,760 --> 00:34:52,600
Speaker 2: the background. Tell me, what do you think your best

725
00:34:52,680 --> 00:34:53,680
Speaker 2: investing habit is.

726
00:34:53,880 --> 00:34:58,399
Speaker 3: I think best investing habits would be that we care,

727
00:34:58,880 --> 00:35:01,960
Speaker 3: so we stay curious. We don't pretend like we know

728
00:35:02,080 --> 00:35:04,919
Speaker 3: it all. That's one thing that you know, us girls

729
00:35:04,960 --> 00:35:08,280
Speaker 3: all agree on. We're also not afraid to delegate research,

730
00:35:08,719 --> 00:35:11,759
Speaker 3: so you know, if we don't know something, then can

731
00:35:11,800 --> 00:35:14,880
Speaker 3: someone look into it? And then we have a vote.

732
00:35:15,200 --> 00:35:17,920
Speaker 3: So out of our eleven people, if six or more

733
00:35:17,960 --> 00:35:20,840
Speaker 3: of us are accepting of the proposed stock, when we

734
00:35:20,960 --> 00:35:24,000
Speaker 3: reach your majority resolution, then nuts. Then we all vote

735
00:35:24,000 --> 00:35:26,520
Speaker 3: on that, which is yeah, we're all I guess of

736
00:35:26,600 --> 00:35:29,600
Speaker 3: the same mind. I think, and this might be sexist,

737
00:35:29,640 --> 00:35:32,080
Speaker 3: but I think we really listen to each other. So

738
00:35:32,280 --> 00:35:36,040
Speaker 3: as women, you know, past mistakes to the macro news.

739
00:35:36,719 --> 00:35:39,719
Speaker 3: But in the same vein, we might not back ourselves

740
00:35:39,960 --> 00:35:43,719
Speaker 3: as much as possibly our male counterparts, which is where

741
00:35:43,719 --> 00:35:46,239
Speaker 3: the group comes in. So you know, there's, as I

742
00:35:46,280 --> 00:35:48,719
Speaker 3: said before, lack that pack mentality. We feel confident in

743
00:35:48,800 --> 00:35:52,880
Speaker 3: doing it and we use our instincts, so we understand Livisa.

744
00:35:53,120 --> 00:35:56,359
Speaker 3: We might not understand data centers, but that doesn't mean

745
00:35:56,400 --> 00:35:58,399
Speaker 3: don't invest in data centers. It means can a couple

746
00:35:58,440 --> 00:35:59,759
Speaker 3: of girls go away and do it a bit of

747
00:35:59,800 --> 00:36:02,080
Speaker 3: re search on it. Who's feeling most passionate about it?

748
00:36:02,800 --> 00:36:06,200
Speaker 3: Is this something that we actually want to get into, Great,

749
00:36:06,640 --> 00:36:08,799
Speaker 3: put it in the chat and let's pick a time

750
00:36:08,880 --> 00:36:11,239
Speaker 3: that we want to know, buy it, and then we've

751
00:36:11,239 --> 00:36:13,880
Speaker 3: got a treasurer and then she will execute that stock

752
00:36:13,960 --> 00:36:15,880
Speaker 3: either at target price or stop.

753
00:36:15,920 --> 00:36:17,960
Speaker 2: Of course you've got a treasurer. You've got a treasurer.

754
00:36:18,000 --> 00:36:21,279
Speaker 2: You're making majority resolutions like you guys. I'm pretty sure

755
00:36:21,360 --> 00:36:23,960
Speaker 2: this is about to become its own country with a parliament,

756
00:36:24,160 --> 00:36:26,439
Speaker 2: and I'm really excited about it. Can I please join?

757
00:36:26,560 --> 00:36:28,560
Speaker 2: I'm happy to buy in. I just want to be

758
00:36:28,600 --> 00:36:30,640
Speaker 2: involved because that sounds really fun. What do you mean

759
00:36:30,680 --> 00:36:34,360
Speaker 2: a WhatsApp group where you're delegating research into different shares?

760
00:36:34,440 --> 00:36:38,759
Speaker 2: Girlfriends say less, I'll do it for free, Like, oh,

761
00:36:39,600 --> 00:36:40,600
Speaker 2: you're living my dream.

762
00:36:40,800 --> 00:36:42,920
Speaker 3: It covers a lot of things that WhatsApp group, Like

763
00:36:43,000 --> 00:36:45,680
Speaker 3: this morning it was talking about second wedding dresses for someone.

764
00:36:45,800 --> 00:36:49,240
Speaker 2: So it's very sorry. That is right up my Alley

765
00:36:49,440 --> 00:36:52,640
Speaker 2: like sorry, friends who marry the ax and wedding dress

766
00:36:52,719 --> 00:36:57,319
Speaker 2: content my people. You said before that you think maybe

767
00:36:57,760 --> 00:37:00,920
Speaker 2: you guys aren't as good at backing yours, and I

768
00:37:01,120 --> 00:37:03,480
Speaker 2: totally relate to that. Do you think that would be

769
00:37:03,560 --> 00:37:04,760
Speaker 2: your worst investing habit?

770
00:37:05,080 --> 00:37:09,400
Speaker 3: Yeah, I would, because we either jump on a trend,

771
00:37:09,560 --> 00:37:11,919
Speaker 3: so that's not really backing yourself either. You're just sort

772
00:37:11,920 --> 00:37:15,600
Speaker 3: of going with the flow and our hesitation, you know,

773
00:37:16,120 --> 00:37:19,920
Speaker 3: like revel or we always bring this sort of stuff

774
00:37:20,000 --> 00:37:23,640
Speaker 3: up when we're cautious we might you know, have I mean,

775
00:37:23,719 --> 00:37:26,080
Speaker 3: Pill turned out to be okay, but we brought up

776
00:37:26,120 --> 00:37:28,200
Speaker 3: Pill with three meetings in a row, and we just thought,

777
00:37:28,239 --> 00:37:29,960
Speaker 3: are we going to sell this? Are we going to like?

778
00:37:30,080 --> 00:37:32,600
Speaker 3: What are we doing here? Why are we watching and waiting?

779
00:37:32,719 --> 00:37:34,920
Speaker 3: But then that is also a tactic in itself, so

780
00:37:35,920 --> 00:37:40,760
Speaker 3: it's hard. But having the support of each other really

781
00:37:40,840 --> 00:37:43,160
Speaker 3: and we're all in the same same sort of mindset

782
00:37:43,200 --> 00:37:46,200
Speaker 3: which is super helpful as well. And at the same time,

783
00:37:46,239 --> 00:37:49,279
Speaker 3: if someone's really passionate about something, you know, we let

784
00:37:49,360 --> 00:37:53,000
Speaker 3: them fly like we're they're to you know, go with

785
00:37:53,120 --> 00:37:55,319
Speaker 3: them if they're if they're really can but we'll also

786
00:37:55,440 --> 00:37:58,880
Speaker 3: listen if people aren't. If they're ethical issues or personal

787
00:37:58,960 --> 00:38:02,560
Speaker 3: reasons or an emotional sort of hesitation about something, then

788
00:38:02,600 --> 00:38:03,640
Speaker 3: we listen to that as well.

789
00:38:03,960 --> 00:38:07,480
Speaker 2: So there's so much that goes into investing that we

790
00:38:07,640 --> 00:38:10,440
Speaker 2: don't like talk about on a daily basis. But in

791
00:38:10,520 --> 00:38:12,840
Speaker 2: a group scenario, you really have to be considerate of

792
00:38:12,920 --> 00:38:15,640
Speaker 2: because this group could fall apart in two seconds if

793
00:38:15,680 --> 00:38:19,120
Speaker 2: you guys aren't taking into consideration ethical and moral decisions

794
00:38:19,160 --> 00:38:21,360
Speaker 2: and even just emotional ones or being like, oh no,

795
00:38:21,920 --> 00:38:25,080
Speaker 2: that company for X reason gives me their ick, Like

796
00:38:25,200 --> 00:38:28,160
Speaker 2: you have to respect that in a group situation. I'm

797
00:38:28,239 --> 00:38:30,600
Speaker 2: really excited for this country that you're building and this

798
00:38:30,920 --> 00:38:34,040
Speaker 2: just like parliament that you've started to implement, just the

799
00:38:34,120 --> 00:38:36,920
Speaker 2: fact that you even have a voting system. You're like, oh, yeah,

800
00:38:37,000 --> 00:38:39,640
Speaker 2: men have more confidence. Sorry, not in comparison to this group.

801
00:38:39,760 --> 00:38:42,680
Speaker 2: They don't. If men's or this group of women coming,

802
00:38:42,719 --> 00:38:46,280
Speaker 2: they're running like they're hiding, and I'm obsessed with that energy.

803
00:38:46,440 --> 00:38:49,799
Speaker 3: It's interesting you say that because a lot of men

804
00:38:50,080 --> 00:38:53,520
Speaker 3: are or they're interested in this, and they might say

805
00:38:53,560 --> 00:38:56,080
Speaker 3: that they've got a similar thing going, but they've got

806
00:38:56,120 --> 00:38:58,400
Speaker 3: a chat or they haven't got any skin in the

807
00:38:58,440 --> 00:38:59,840
Speaker 3: game together, like there's no.

808
00:39:00,960 --> 00:39:03,920
Speaker 2: No, they just took shop. I've seen men's group chats

809
00:39:04,200 --> 00:39:07,000
Speaker 2: I have, like my husband thankfully isn't part of these.

810
00:39:07,239 --> 00:39:10,359
Speaker 2: I get sent screenshots. Yeah, just bought this. They don't

811
00:39:10,360 --> 00:39:12,120
Speaker 2: even know what they're talking about. Ninety percent of the

812
00:39:12,160 --> 00:39:14,080
Speaker 2: time the saw a TikTok and then went off that

813
00:39:14,480 --> 00:39:16,640
Speaker 2: it actually kills me. But at the same time, I'm like,

814
00:39:16,760 --> 00:39:19,560
Speaker 2: we'll be fine. Women will be fine. We will absolutely

815
00:39:19,640 --> 00:39:21,400
Speaker 2: be fine, and we just need to back ourselves more.

816
00:39:21,440 --> 00:39:23,480
Speaker 2: And this is a very good lesson in that money diarist,

817
00:39:24,080 --> 00:39:26,959
Speaker 2: I'm obsessed. This is so cool, like your mum's Women

818
00:39:27,000 --> 00:39:29,759
Speaker 2: in Black to ASX in the City, I am obsessed.

819
00:39:29,880 --> 00:39:32,960
Speaker 2: I just love this energy and I hope if there

820
00:39:33,000 --> 00:39:34,960
Speaker 2: are more people doing this in my community. Can you

821
00:39:35,040 --> 00:39:37,200
Speaker 2: please DM me and let me in on all of

822
00:39:37,280 --> 00:39:39,480
Speaker 2: your like little secrets and clubs and let us know

823
00:39:39,560 --> 00:39:42,000
Speaker 2: what's going on, because like, this is the coolest thing

824
00:39:42,040 --> 00:39:43,000
Speaker 2: in the entire world.

825
00:39:43,200 --> 00:39:46,719
Speaker 3: Also us too, like we'd love to collaborate with any

826
00:39:46,760 --> 00:39:50,920
Speaker 3: other investment groups out there or and also for assistance

827
00:39:51,080 --> 00:39:53,560
Speaker 3: like my mum and her group fortunately did to us.

828
00:39:53,760 --> 00:39:56,320
Speaker 2: I love that. So what would your final advice be

829
00:39:56,520 --> 00:39:58,360
Speaker 2: to anyone who's maybe listened to this and been like,

830
00:39:58,920 --> 00:40:02,200
Speaker 2: I want to invest club, Like, what would you say?

831
00:40:02,800 --> 00:40:04,640
Speaker 2: Focus on first, focus.

832
00:40:04,440 --> 00:40:08,239
Speaker 3: On getting it all set up. It's hard, it's not

833
00:40:08,560 --> 00:40:10,719
Speaker 3: pleasant at the start. You've got to jump through a

834
00:40:10,800 --> 00:40:14,120
Speaker 3: lot of hoops, but it's definitely worth it. Like the

835
00:40:14,280 --> 00:40:17,600
Speaker 3: dividends for want of a better word, you'll received from it.

836
00:40:17,680 --> 00:40:21,640
Speaker 3: It just never ending. Both the support from you know,

837
00:40:21,719 --> 00:40:23,640
Speaker 3: the other girls or the other people in the group,

838
00:40:24,440 --> 00:40:28,879
Speaker 3: the knowledge, just the camaraderie around it is as well

839
00:40:28,920 --> 00:40:31,840
Speaker 3: as the finance. You know, there's plenty of book clubs

840
00:40:31,880 --> 00:40:35,200
Speaker 3: out there, but where you know, we're making money as

841
00:40:35,360 --> 00:40:36,400
Speaker 3: we chat and.

842
00:40:36,440 --> 00:40:39,080
Speaker 2: Have a wine. I'm obsessed. I love it so much.

843
00:40:39,640 --> 00:40:41,880
Speaker 2: Investing Dirist, thank you so much for joining me. This

844
00:40:42,000 --> 00:40:44,080
Speaker 2: has been an absolute pleasure and I feel like I've

845
00:40:44,120 --> 00:40:47,000
Speaker 2: gotten more out of this than maybe even the community listening.

846
00:40:47,040 --> 00:40:48,600
Speaker 2: I've been like, tell me more, what about this? How

847
00:40:48,640 --> 00:40:52,440
Speaker 2: does that work? I'm obsessed And if anybody is thinking

848
00:40:52,640 --> 00:40:55,040
Speaker 2: of making an investing club or has one already, please

849
00:40:55,080 --> 00:40:56,600
Speaker 2: slide into my DM so that I can match you

850
00:40:56,719 --> 00:40:59,160
Speaker 2: up with this investing Diarist so you can all talk shop.

851
00:40:59,280 --> 00:40:59,680
Speaker 3: I love it.

852
00:41:00,160 --> 00:41:02,439
Speaker 2: And also a very huge thank you to sky Wealth

853
00:41:02,520 --> 00:41:05,000
Speaker 2: for making this episode possible. I'll chuck a whole heap

854
00:41:05,080 --> 00:41:07,480
Speaker 2: of information about them, how to get in contact, what

855
00:41:07,600 --> 00:41:09,279
Speaker 2: they do, how they do it in the show notes

856
00:41:09,320 --> 00:41:17,480
Speaker 2: for you to check out. The buy shared on She's

857
00:41:17,560 --> 00:41:19,759
Speaker 2: on the Money is general in nature and does not

858
00:41:19,920 --> 00:41:24,120
Speaker 2: consider your individual circumstances. She's on the Money exists purely

859
00:41:24,200 --> 00:41:27,120
Speaker 2: for educational purposes and should not be relied upon to

860
00:41:27,160 --> 00:41:30,520
Speaker 2: make an investment or financial decision. If you do choose

861
00:41:30,560 --> 00:41:32,160
Speaker 2: to buy a financial product.

862
00:41:31,880 --> 00:41:35,840
Speaker 4: Read the PDS TMD and obtain appropriate financial advice tailored

863
00:41:35,880 --> 00:41:39,319
Speaker 4: towards your needs. Victoria Divine and She's on the Money

864
00:41:39,400 --> 00:41:41,560
Speaker 4: are authorized representatives of Money.

865
00:41:41,600 --> 00:41:43,200
Speaker 2: Sheoper pty Ltd

866
00:41:43,480 --> 00:41:46,520
Speaker 4: ABN three two one IS six four nine two seven

867
00:41:46,680 --> 00:41:50,480
Speaker 4: seven zero eight AFSL four five one two eight nine