1 00:00:00,840 --> 00:00:03,400 Speaker 1: Just before we get started, we'd like to acknowledge and 2 00:00:03,520 --> 00:00:07,160 Speaker 1: pay respect to Australia's Aboriginal and torrest Right islander people's. 3 00:00:07,480 --> 00:00:10,760 Speaker 1: They're the traditional custodians of the lands, the waterways and 4 00:00:10,800 --> 00:00:14,200 Speaker 1: the skies all across Australia. We thank you for sharing 5 00:00:14,280 --> 00:00:16,320 Speaker 1: and for caring for the land on which we are 6 00:00:16,360 --> 00:00:19,840 Speaker 1: able to learn. We pay respects to elders past and present, 7 00:00:19,920 --> 00:00:22,160 Speaker 1: and we share our friendship and our kindness. 8 00:00:22,600 --> 00:00:41,880 Speaker 2: She's on the Money, She's on the Money. 9 00:00:45,440 --> 00:00:48,720 Speaker 3: Hello, and welcome to She's on the Money, the podcast 10 00:00:48,720 --> 00:00:52,440 Speaker 3: for millennials who want financial freedom. My name is Georgia King, 11 00:00:52,600 --> 00:00:56,280 Speaker 3: and as ever, I'm joined by Victoria define financial advisor, 12 00:00:56,600 --> 00:00:59,640 Speaker 3: sweet woman all round hive. 13 00:00:59,800 --> 00:01:02,760 Speaker 1: H Well, are you ready to get into a deep dive, 14 00:01:02,840 --> 00:01:04,880 Speaker 1: like a deep, deep deep dive where I'm probably gonna 15 00:01:04,959 --> 00:01:07,560 Speaker 1: arguably got off the chain with another ranch lead the 16 00:01:07,600 --> 00:01:10,280 Speaker 1: way today, I'm going to rant because we're talking ethical 17 00:01:10,280 --> 00:01:13,000 Speaker 1: investing Georgia King, which means we are talking ethics and 18 00:01:13,080 --> 00:01:14,840 Speaker 1: that is a very personal thing. My friend. 19 00:01:15,400 --> 00:01:19,960 Speaker 3: Should I be laying on the therapist's couch for this one? 20 00:01:20,360 --> 00:01:23,560 Speaker 1: Oh? Like you can if that makes you more comfortable. 21 00:01:23,680 --> 00:01:26,640 Speaker 1: Audio might sound WEIRDERO, yeah, if you're like laying down, 22 00:01:26,840 --> 00:01:30,200 Speaker 1: like in all seriousness, why do things get personal when 23 00:01:30,240 --> 00:01:32,560 Speaker 1: it comes to ethics, Because ethics mean different things to 24 00:01:32,640 --> 00:01:35,840 Speaker 1: different people, right, Like I'm a little crazy person who's 25 00:01:35,959 --> 00:01:38,480 Speaker 1: plant based and doesn't want to drink milk and only 26 00:01:38,560 --> 00:01:40,560 Speaker 1: drinks oat milk and all of this other stuff. But 27 00:01:40,600 --> 00:01:43,080 Speaker 1: then other people would be like, no, that's completely ethical, 28 00:01:43,120 --> 00:01:44,920 Speaker 1: and that is so fine in my books. And it's 29 00:01:44,959 --> 00:01:48,880 Speaker 1: not about judging each other's values. It's about going, Okay, 30 00:01:48,920 --> 00:01:52,120 Speaker 1: what are my values so that I can then overlay 31 00:01:52,160 --> 00:01:54,919 Speaker 1: them onto what I'm going to do in the investing world. 32 00:01:55,040 --> 00:01:57,040 Speaker 1: And you'll find out later in this episode a bit 33 00:01:57,080 --> 00:01:59,800 Speaker 1: more about what I believe is and isn't ethical. And 34 00:01:59,840 --> 00:02:02,280 Speaker 1: it's it's not necessarily saying you have to cookie cut 35 00:02:02,400 --> 00:02:04,600 Speaker 1: or copy me, you have to have these ethics or 36 00:02:04,640 --> 00:02:07,680 Speaker 1: it's not okay. It's more saying, well, what's the scope 37 00:02:07,680 --> 00:02:10,160 Speaker 1: of what you're willing to take, because unlike George, you're 38 00:02:10,160 --> 00:02:12,359 Speaker 1: going to the supermarket and being like, all right, well, 39 00:02:12,440 --> 00:02:14,800 Speaker 1: I'm going to head straight to the organic aisle because 40 00:02:14,800 --> 00:02:17,000 Speaker 1: I know that the produce that have the organic stickers 41 00:02:17,000 --> 00:02:19,240 Speaker 1: on it have passed a whole heap of guidelines to 42 00:02:19,240 --> 00:02:22,760 Speaker 1: be called organic in Australia. Ethical investing is nothing like that. 43 00:02:22,760 --> 00:02:24,480 Speaker 1: It's kind of like the wild West and they kind 44 00:02:24,480 --> 00:02:26,640 Speaker 1: of do whatever they want. And there's as you know, 45 00:02:26,760 --> 00:02:29,240 Speaker 1: because we've talked about this topic in passing before on 46 00:02:29,280 --> 00:02:32,560 Speaker 1: the podcast, there's things like greenwashing where people are using 47 00:02:32,560 --> 00:02:34,440 Speaker 1: words that make us think it's ethical, but then it's 48 00:02:34,440 --> 00:02:36,000 Speaker 1: not and it's just kind of rude. 49 00:02:36,680 --> 00:02:39,120 Speaker 3: Is it worth prefacing that we have done an episode 50 00:02:39,120 --> 00:02:39,440 Speaker 3: on this. 51 00:02:39,360 --> 00:02:41,959 Speaker 1: Before, Yeah, we totally have done an episode on this before. 52 00:02:42,000 --> 00:02:44,480 Speaker 1: But like, there's no such thing as too much investing content. 53 00:02:44,520 --> 00:02:47,000 Speaker 1: Georgia King, Well, that's exactly right. So today we're going 54 00:02:47,000 --> 00:02:49,120 Speaker 1: to unpack exactly what it is. We are going to 55 00:02:49,120 --> 00:02:52,680 Speaker 1: talk about investing ethically, what sustainable investing is opposed to 56 00:02:53,000 --> 00:02:57,240 Speaker 1: ethical investing, or what impact investing is, and of course Gking, 57 00:02:57,240 --> 00:02:59,040 Speaker 1: we're going to talk about what your values are, not 58 00:02:59,080 --> 00:03:01,800 Speaker 1: what your personal value, but like give you some guidelines 59 00:03:01,840 --> 00:03:03,960 Speaker 1: on how to work out what your personal values are 60 00:03:04,040 --> 00:03:05,760 Speaker 1: so you can make decisions that are in line with them. 61 00:03:05,840 --> 00:03:08,320 Speaker 3: Exactly right, because what's ethical to you or I will 62 00:03:08,360 --> 00:03:11,520 Speaker 3: be different to the listener exactly. Ethicsl be have not 63 00:03:11,760 --> 00:03:14,679 Speaker 3: always been a consideration when it comes to investing. I 64 00:03:14,720 --> 00:03:17,080 Speaker 3: don't know if that's because we're more socially conscious now 65 00:03:17,200 --> 00:03:19,839 Speaker 3: or what that is. I mean, you said on last 66 00:03:19,840 --> 00:03:22,720 Speaker 3: week's episode that younger people are investing more and more. 67 00:03:22,880 --> 00:03:25,960 Speaker 1: They are geniuses, exactly right. How rich are we going 68 00:03:26,040 --> 00:03:29,000 Speaker 1: to be like as a whole community if we're all 69 00:03:29,040 --> 00:03:32,560 Speaker 1: investing when we're younger and if one person put themselves 70 00:03:32,600 --> 00:03:34,920 Speaker 1: in a position where they have a million dollar portfolio, 71 00:03:35,160 --> 00:03:38,440 Speaker 1: imagine like on scale, like there are two hundred thousand 72 00:03:38,520 --> 00:03:41,360 Speaker 1: people in our Facebook community, but if they all did it, 73 00:03:41,400 --> 00:03:43,320 Speaker 1: that's two hundred grand we didn't have yesterday. 74 00:03:43,400 --> 00:03:48,440 Speaker 3: Exactly right, take over the world go. But in terms 75 00:03:48,480 --> 00:03:51,160 Speaker 3: of ethics, this wasn't a thing. It's like relatively new. 76 00:03:51,360 --> 00:03:53,440 Speaker 1: Not on a public scale, Like I feel like there 77 00:03:53,480 --> 00:03:56,080 Speaker 1: were those people that were super interested in there, but 78 00:03:56,160 --> 00:04:00,480 Speaker 1: it definitely wasn't ever an investment consideration until recently. So 79 00:04:00,600 --> 00:04:03,200 Speaker 1: there's obviously a really long history of it. Some say 80 00:04:03,240 --> 00:04:05,280 Speaker 1: it dates back all the way to the early nineteen 81 00:04:05,360 --> 00:04:08,360 Speaker 1: hundreds in the USA with the Methodist Church. Actually not 82 00:04:08,400 --> 00:04:11,280 Speaker 1: that ethical investing is religious, but with the Methodist Church 83 00:04:11,520 --> 00:04:14,600 Speaker 1: deciding that it wasn't a form of gambling to invest 84 00:04:14,600 --> 00:04:16,919 Speaker 1: in the stock market, but only doing so on the 85 00:04:16,920 --> 00:04:20,400 Speaker 1: basis that their money wouldn't back companies involved in alcohol 86 00:04:20,480 --> 00:04:24,000 Speaker 1: or gambling or weapons manufacturing. And that became the basis 87 00:04:24,040 --> 00:04:28,440 Speaker 1: of what quote people today refer to as the core 88 00:04:28,760 --> 00:04:31,920 Speaker 1: base of ethical investing. Right. So, fast forward to the 89 00:04:32,000 --> 00:04:34,559 Speaker 1: Vietnam War G and the early wave of public demand 90 00:04:34,600 --> 00:04:37,960 Speaker 1: for ethical investment in companies who weren't profiting from that war. 91 00:04:38,240 --> 00:04:41,000 Speaker 1: And then the eighties the apathe'd movement was the catalyst 92 00:04:41,000 --> 00:04:45,120 Speaker 1: for the UK's first ever independent research service for ethical investors. 93 00:04:45,440 --> 00:04:48,680 Speaker 1: That's pretty cool. And then these days, ethical investments now 94 00:04:48,800 --> 00:04:52,640 Speaker 1: account for g wait for it, forty percent of the 95 00:04:52,680 --> 00:04:56,480 Speaker 1: country's professionally managed money. And that's over one point two 96 00:04:56,600 --> 00:05:00,000 Speaker 1: eight trillion dollars, accounting for forty percent of every pit 97 00:05:00,080 --> 00:05:03,799 Speaker 1: freshly managed dollar. In twenty eleven, g it was only 98 00:05:03,880 --> 00:05:06,320 Speaker 1: one hundred and sixty eight billion dollars. How's that for 99 00:05:06,360 --> 00:05:07,039 Speaker 1: compound growth? 100 00:05:07,240 --> 00:05:11,599 Speaker 3: Wow, she's thriving. So is that because of compound growth 101 00:05:11,720 --> 00:05:14,400 Speaker 3: or because No, it's because more people are interested in 102 00:05:14,440 --> 00:05:15,440 Speaker 3: it and joining in like. 103 00:05:15,520 --> 00:05:18,760 Speaker 1: Sadly, compound growth doesn't happen that significantly and that quickly. 104 00:05:18,760 --> 00:05:21,120 Speaker 1: I wish it to imagine if in ten years you 105 00:05:21,160 --> 00:05:22,920 Speaker 1: could take your money from being one hundred and sixty 106 00:05:22,960 --> 00:05:26,320 Speaker 1: eight billion dollars to one point two eight trillion dollars 107 00:05:26,480 --> 00:05:29,039 Speaker 1: the dream. I don't even have a billion dollars to 108 00:05:29,040 --> 00:05:32,240 Speaker 1: start with, not even like one million, wiscrewed. 109 00:05:31,800 --> 00:05:34,599 Speaker 3: And I don't know what a trillion is. But how 110 00:05:34,640 --> 00:05:37,279 Speaker 3: does Australia compare to the rest of the world in 111 00:05:37,360 --> 00:05:39,200 Speaker 3: terms of how much we ethically invest? 112 00:05:39,320 --> 00:05:41,719 Speaker 1: Well, arguably I'm quite biased, so I think Australia is 113 00:05:41,720 --> 00:05:45,520 Speaker 1: better than most countries. But we are definitely mirroring a 114 00:05:45,600 --> 00:05:50,080 Speaker 1: pretty global trend with forty eight trillion dollars, which equates 115 00:05:50,080 --> 00:05:53,359 Speaker 1: to around thirty six percent of the world's professionally managed money, 116 00:05:53,360 --> 00:05:58,080 Speaker 1: and it's backing responsible investment and g Eighty three percent 117 00:05:58,120 --> 00:06:01,160 Speaker 1: of Australians now expect them in their bank accounts and 118 00:06:01,200 --> 00:06:05,480 Speaker 1: their superannuation funds to actually be invested ethically and responsibly, 119 00:06:05,600 --> 00:06:08,719 Speaker 1: while eighty percent expect their savings to have a positive 120 00:06:08,720 --> 00:06:11,920 Speaker 1: impact on the world. How nice are we as a country. 121 00:06:11,520 --> 00:06:14,839 Speaker 3: Well, we are nice. I don't want to get political, 122 00:06:14,880 --> 00:06:18,240 Speaker 3: but it's very interesting that we're all very interested in 123 00:06:18,440 --> 00:06:22,040 Speaker 3: ethical investing, looking after the environment, yet our government continues 124 00:06:22,080 --> 00:06:22,839 Speaker 3: to let us down. 125 00:06:23,240 --> 00:06:24,440 Speaker 1: Okay, yeah, that's a bit. 126 00:06:24,600 --> 00:06:27,159 Speaker 3: Little bit of a downer, but it's topically savage for 127 00:06:27,200 --> 00:06:27,600 Speaker 3: this show. 128 00:06:27,600 --> 00:06:30,680 Speaker 1: But also yes, absolutely, it's super topical at the moment. Okay. 129 00:06:30,720 --> 00:06:33,320 Speaker 3: So aside from concerns that the world is going to 130 00:06:33,400 --> 00:06:35,880 Speaker 3: hell in a hand basket, which, let's be honest. 131 00:06:35,680 --> 00:06:38,880 Speaker 1: Is caption did you like them? My grandmother? 132 00:06:41,520 --> 00:06:44,039 Speaker 3: What might be some other motivations for this rise in 133 00:06:44,080 --> 00:06:45,120 Speaker 3: ethical investment? 134 00:06:45,200 --> 00:06:48,080 Speaker 1: Be Well, I think, like most things in life, education, 135 00:06:48,560 --> 00:06:51,880 Speaker 1: we know more, we've learned more, we've done more, we 136 00:06:51,920 --> 00:06:54,520 Speaker 1: have access to more information and research, and I think 137 00:06:54,560 --> 00:06:57,880 Speaker 1: we now just expect better because historically we weren't sure 138 00:06:57,880 --> 00:07:00,400 Speaker 1: of our impacts on the world. We weren't sure you 139 00:07:00,440 --> 00:07:02,840 Speaker 1: know how much of an impact eating meat has on 140 00:07:02,880 --> 00:07:05,440 Speaker 1: the world. But it's one of those things where people 141 00:07:05,480 --> 00:07:09,159 Speaker 1: are now looking for personalization, and the finance and investment 142 00:07:09,240 --> 00:07:12,240 Speaker 1: world are a consumer product, and I think that it's 143 00:07:12,280 --> 00:07:15,840 Speaker 1: important that we align that to our values, and more 144 00:07:15,920 --> 00:07:18,840 Speaker 1: so aligning it to our values, because if you think 145 00:07:18,880 --> 00:07:24,040 Speaker 1: about it, if you're making money, it makes me relatively uncomfortable, 146 00:07:24,200 --> 00:07:27,280 Speaker 1: not even relatively, it makes me incredibly uncomfortable to think 147 00:07:27,440 --> 00:07:31,080 Speaker 1: that my future wealth and my future financial security will 148 00:07:31,080 --> 00:07:33,440 Speaker 1: come from the detriment of others, Like I just don't 149 00:07:33,520 --> 00:07:35,600 Speaker 1: want that to be the case. And I'm sure you 150 00:07:35,600 --> 00:07:37,320 Speaker 1: guys are the same, and I think I've said as 151 00:07:37,320 --> 00:07:39,239 Speaker 1: well on the pod before. But if you're a client listening, 152 00:07:39,320 --> 00:07:42,960 Speaker 1: you absolutely know this. But my financial advice company will 153 00:07:43,040 --> 00:07:46,600 Speaker 1: only invest ethically because I'm very much of the belief 154 00:07:46,760 --> 00:07:49,400 Speaker 1: that ethical investing is the way of the future. Like, 155 00:07:49,480 --> 00:07:52,560 Speaker 1: I think it's all about sustainability and creating a sustainable 156 00:07:52,560 --> 00:07:56,080 Speaker 1: world for everybody, and I just don't think that unethical 157 00:07:56,120 --> 00:07:59,120 Speaker 1: investments are a part of that. And it's not to 158 00:07:59,160 --> 00:08:02,280 Speaker 1: say we don't things that. You know, we have a 159 00:08:02,280 --> 00:08:05,320 Speaker 1: couple of clients that do definitely hold oil companies, but 160 00:08:05,440 --> 00:08:08,520 Speaker 1: we've discussed this. It's aligned to their values. But those 161 00:08:08,640 --> 00:08:12,760 Speaker 1: oil companies are actually investing significant amounts of money into 162 00:08:12,800 --> 00:08:16,280 Speaker 1: the future sustainability of the energy sector, and I really 163 00:08:16,320 --> 00:08:19,520 Speaker 1: respect that. So I think that there's also this balance of, well, 164 00:08:19,640 --> 00:08:21,880 Speaker 1: do you just not invest in that sector at all, 165 00:08:22,400 --> 00:08:24,559 Speaker 1: or do you invest in the companies that are trying 166 00:08:24,600 --> 00:08:27,360 Speaker 1: to do good and pivot and change, Because you know, 167 00:08:27,440 --> 00:08:29,920 Speaker 1: I don't think any company ever started and I'm like 168 00:08:30,160 --> 00:08:31,880 Speaker 1: you know what, I'm going to be a coal mine 169 00:08:32,400 --> 00:08:34,680 Speaker 1: because I want to ruin the world. Like they didn't 170 00:08:34,720 --> 00:08:37,040 Speaker 1: do that. It's because they didn't have the education at 171 00:08:37,040 --> 00:08:39,600 Speaker 1: the time, and I think that sometimes it's really nice 172 00:08:39,640 --> 00:08:41,520 Speaker 1: to go on that journey as well, as long as 173 00:08:41,520 --> 00:08:44,600 Speaker 1: you're comfortable with it. But it's all about education, not 174 00:08:44,640 --> 00:08:47,960 Speaker 1: necessarily boycotting companies that don't align to your values. 175 00:08:48,200 --> 00:08:51,320 Speaker 3: So are there any other motivations v for the rise 176 00:08:51,559 --> 00:08:53,800 Speaker 3: in people choosing this way of investing? 177 00:08:54,040 --> 00:08:56,880 Speaker 1: So did some research or you did some research and 178 00:08:56,920 --> 00:08:59,839 Speaker 1: gave me the statistics? Cheers? Actually that was an a Lisa, 179 00:09:00,000 --> 00:09:01,600 Speaker 1: How good is this is? We just rocked up and 180 00:09:01,640 --> 00:09:04,280 Speaker 1: got a list of statistics and she's probably looking at 181 00:09:04,320 --> 00:09:07,040 Speaker 1: us going like you're not reading any of them, just ranting. 182 00:09:07,160 --> 00:09:10,080 Speaker 1: So gee. The RI double A, which is the Responsible 183 00:09:10,120 --> 00:09:15,080 Speaker 1: Investment Association of Australasia, they've actually reported that seventy four 184 00:09:15,120 --> 00:09:18,000 Speaker 1: percent of Australians said that they would consider moving to 185 00:09:18,040 --> 00:09:21,240 Speaker 1: another provider if their current fund was investing in companies 186 00:09:21,400 --> 00:09:24,960 Speaker 1: that were engaging in activities that were inconsistent with their values. 187 00:09:25,080 --> 00:09:27,240 Speaker 1: I kind of love that, like I love the people 188 00:09:27,320 --> 00:09:30,880 Speaker 1: know their values, which has risen to eighty seven percent 189 00:09:30,920 --> 00:09:33,280 Speaker 1: for gen Z, so those peeps between the ages of 190 00:09:33,360 --> 00:09:37,040 Speaker 1: eighteen and twenty four and eighty two percent for millennials. 191 00:09:37,240 --> 00:09:39,240 Speaker 1: That's people over the age of twenty five, which is 192 00:09:39,360 --> 00:09:42,760 Speaker 1: very nice. But it's also really important to understand that 193 00:09:42,880 --> 00:09:45,920 Speaker 1: world events are also highlighting the way that your money 194 00:09:45,920 --> 00:09:47,960 Speaker 1: can be tied up in things that you don't want 195 00:09:47,960 --> 00:09:50,240 Speaker 1: them to be. So, for example, I had a question 196 00:09:50,440 --> 00:09:52,800 Speaker 1: recently come into the Shees on the money inbox and 197 00:09:52,840 --> 00:09:56,000 Speaker 1: they said, oh my gosh, Victoria, please help. I've just 198 00:09:56,080 --> 00:09:59,880 Speaker 1: reviewed my suberanuation portfolio and their own Russian oil company 199 00:10:00,000 --> 00:10:03,240 Speaker 1: and I'm freaking out and that's really scary, and do 200 00:10:03,320 --> 00:10:05,320 Speaker 1: I need to change super funds? And I was just like, 201 00:10:05,400 --> 00:10:07,920 Speaker 1: please just sit tight, like all of this was only 202 00:10:08,040 --> 00:10:11,800 Speaker 1: just unfolding. I guarantee you the fund manager of your 203 00:10:11,800 --> 00:10:16,240 Speaker 1: superannuation portfolio is just as worried about that, arguably if 204 00:10:16,240 --> 00:10:18,240 Speaker 1: not more, because they could obviously lose a lot of 205 00:10:18,280 --> 00:10:20,760 Speaker 1: clients and have a lot of blowback for something like that. 206 00:10:21,120 --> 00:10:23,199 Speaker 1: But I think if you're looking at stuff like that, 207 00:10:23,480 --> 00:10:25,040 Speaker 1: see what the company is going to do about it 208 00:10:25,080 --> 00:10:29,400 Speaker 1: before jumping ship. But again, obviously Russia a few years ago, 209 00:10:29,480 --> 00:10:32,360 Speaker 1: would you have been worried about investing there. Absolutely not 210 00:10:32,600 --> 00:10:36,080 Speaker 1: like there were a really strong country that had really 211 00:10:36,080 --> 00:10:39,360 Speaker 1: good things going on. Now today in twenty twenty two, 212 00:10:39,440 --> 00:10:42,360 Speaker 1: as we are recording this podcast, it's actually illegal to 213 00:10:42,520 --> 00:10:46,280 Speaker 1: invest in Russia. Really kind of scary. But also that's 214 00:10:46,360 --> 00:10:48,160 Speaker 1: just to protect us, Like what if you didn't know, 215 00:10:48,440 --> 00:10:50,920 Speaker 1: So it's putting people in the best possible position because 216 00:10:50,920 --> 00:10:53,679 Speaker 1: obviously it's way too risky. But also we don't want 217 00:10:53,679 --> 00:10:55,640 Speaker 1: to be funding more because that's ridiculous. 218 00:10:55,760 --> 00:10:58,160 Speaker 3: So why is that is that to protect us to 219 00:10:58,240 --> 00:10:59,640 Speaker 3: punish Russia a little bit? 220 00:11:00,080 --> 00:11:03,320 Speaker 1: I think it's the world trying to or Australia in particular, 221 00:11:03,360 --> 00:11:05,360 Speaker 1: because like I'm sure that there are other rules and 222 00:11:05,400 --> 00:11:08,760 Speaker 1: regulations around the world that don't apply to us. But 223 00:11:08,800 --> 00:11:11,679 Speaker 1: it's the Australian government, I guess, pulling out of Russia 224 00:11:11,679 --> 00:11:14,600 Speaker 1: and saying we don't support this because by allowing Australian 225 00:11:14,640 --> 00:11:17,360 Speaker 1: citizens to invest in another country that is doing the 226 00:11:17,360 --> 00:11:20,240 Speaker 1: wrong thing, it's saying, you know, underlyingly, we might not 227 00:11:20,320 --> 00:11:22,800 Speaker 1: have said it, but we don't not not support you 228 00:11:23,240 --> 00:11:25,240 Speaker 1: very So I think it's I think it's smart. I 229 00:11:25,240 --> 00:11:28,000 Speaker 1: think it's really impressive. Obviously there's going to be a 230 00:11:28,040 --> 00:11:30,640 Speaker 1: massive shift in the markets for people having to sell 231 00:11:30,640 --> 00:11:33,079 Speaker 1: down their assets or change it or you know, maybe 232 00:11:33,120 --> 00:11:35,960 Speaker 1: not being able to realize investment strategies they had. But 233 00:11:36,360 --> 00:11:39,040 Speaker 1: that's not the worst thing in the world. But obviously 234 00:11:39,080 --> 00:11:40,920 Speaker 1: that's front of mind and on the front page of 235 00:11:40,960 --> 00:11:43,320 Speaker 1: the newspaper, and we see it and we understand it, 236 00:11:43,360 --> 00:11:44,920 Speaker 1: and it's something that we're like, yeah, of course you 237 00:11:44,920 --> 00:11:47,480 Speaker 1: wouldn't invest in Russia, But what about all those things 238 00:11:47,480 --> 00:11:49,760 Speaker 1: that aren't making the front page of the newspaper, Like 239 00:11:49,800 --> 00:11:51,520 Speaker 1: how do we find out about those and how do 240 00:11:51,600 --> 00:11:54,080 Speaker 1: we know that they actually are happening and that we 241 00:11:54,160 --> 00:11:56,320 Speaker 1: are okay with them or not okay with them. I 242 00:11:56,320 --> 00:11:58,560 Speaker 1: think that's the question we need to be asking. 243 00:11:58,480 --> 00:12:01,120 Speaker 3: Absolutely, and we will do more into that. On the 244 00:12:01,120 --> 00:12:05,040 Speaker 3: other side of the break, let's talk about the returns 245 00:12:05,160 --> 00:12:08,200 Speaker 3: on ethical investing, because it sounds amazing on paper. We 246 00:12:08,240 --> 00:12:10,040 Speaker 3: all want to make the world a better place, But 247 00:12:10,760 --> 00:12:11,760 Speaker 3: can we still make bank? 248 00:12:11,880 --> 00:12:14,360 Speaker 1: Absolutely we can make bank. I can absolutely make bank. 249 00:12:14,400 --> 00:12:16,520 Speaker 1: I've got a couple of colorful opinions on this, but 250 00:12:16,640 --> 00:12:18,840 Speaker 1: first I'm going to drown you in statistics so that 251 00:12:18,880 --> 00:12:21,480 Speaker 1: the rest of it makes sense. Right, So Morning Star, 252 00:12:21,600 --> 00:12:23,960 Speaker 1: which is actually a research house, or we call them 253 00:12:24,000 --> 00:12:27,679 Speaker 1: research houses. It's a company that does investment research, and 254 00:12:27,720 --> 00:12:30,600 Speaker 1: a lot of financial advisors rely on that research to 255 00:12:30,600 --> 00:12:34,600 Speaker 1: make investment decisions for their clients. But morning Star recently 256 00:12:34,640 --> 00:12:38,600 Speaker 1: examined seven hundred and forty five sustainable funds and then 257 00:12:38,600 --> 00:12:41,520 Speaker 1: they compared them to four thousand, one hundred and fifty 258 00:12:41,679 --> 00:12:45,240 Speaker 1: traditional funds, and they found that they matched or beat 259 00:12:45,320 --> 00:12:48,840 Speaker 1: returns in all categories. So this isn't costing you any 260 00:12:48,840 --> 00:12:52,280 Speaker 1: more money, Like, it's not going, oh okay, you're compromising 261 00:12:52,320 --> 00:12:55,040 Speaker 1: something by picking something that aligns to your values, Therefore 262 00:12:55,040 --> 00:12:57,600 Speaker 1: you're going to get lower returns. No, sir, that is 263 00:12:57,679 --> 00:12:59,120 Speaker 1: not the case at all. And I think that is 264 00:12:59,160 --> 00:13:02,760 Speaker 1: a really common misconception that by being an ethical investor 265 00:13:02,760 --> 00:13:05,480 Speaker 1: you're not going to get such good returns. I just 266 00:13:06,080 --> 00:13:07,800 Speaker 1: really wanted that to be in the podcast so that 267 00:13:07,840 --> 00:13:11,880 Speaker 1: you guys know that actually following your values and aligning 268 00:13:11,960 --> 00:13:14,720 Speaker 1: to something that is more ethical and is more sustainable 269 00:13:14,800 --> 00:13:17,960 Speaker 1: is actually going to be more profitable long term. And gee, 270 00:13:18,000 --> 00:13:21,720 Speaker 1: over a ten year period, the average annual return for 271 00:13:21,760 --> 00:13:25,439 Speaker 1: a sustainable fund invested in large global companies had an 272 00:13:25,440 --> 00:13:28,800 Speaker 1: average return of six point nine percent. Per year, but 273 00:13:29,160 --> 00:13:32,520 Speaker 1: those traditionally invested funds had an average return of six 274 00:13:32,600 --> 00:13:35,520 Speaker 1: point three percent per year, So I mean it's not 275 00:13:35,720 --> 00:13:38,120 Speaker 1: that big of a difference. But like the ethical are 276 00:13:38,200 --> 00:13:41,160 Speaker 1: on top, we love that. I think it's really important 277 00:13:41,200 --> 00:13:43,880 Speaker 1: to talk about this stuff as well, because I think 278 00:13:43,920 --> 00:13:46,520 Speaker 1: so many people are genuinely like, I don't want to 279 00:13:46,559 --> 00:13:48,560 Speaker 1: invest ethically. Yeah, I don't want to change. I don't 280 00:13:48,600 --> 00:13:51,280 Speaker 1: want to do anything it's going to compromise my financial 281 00:13:51,280 --> 00:13:52,960 Speaker 1: future because you feel like there has to be a 282 00:13:52,960 --> 00:13:55,640 Speaker 1: trade off, right, Whereas that's not the case. But the 283 00:13:55,720 --> 00:13:58,000 Speaker 1: thing I do want you to be really aware of 284 00:13:58,440 --> 00:14:00,960 Speaker 1: is the fees. I feel like there's you know how 285 00:14:00,960 --> 00:14:03,800 Speaker 1: we talked about pink tax. I feel like there's potentially 286 00:14:03,840 --> 00:14:05,840 Speaker 1: a green tax. Can I call it that? I don't 287 00:14:05,840 --> 00:14:07,560 Speaker 1: think I've ever heard someone we're going to call it 288 00:14:07,720 --> 00:14:11,120 Speaker 1: the green tax, where people are adding additional fees and 289 00:14:11,200 --> 00:14:15,199 Speaker 1: additional charges and management fees and admin fees to funds 290 00:14:15,240 --> 00:14:19,440 Speaker 1: that are more ethical, and whilst I completely understand why 291 00:14:19,520 --> 00:14:22,400 Speaker 1: in the grand scheme of things that they exist. So 292 00:14:22,600 --> 00:14:25,720 Speaker 1: for example, obviously just an example I'm pulling out of nowhere, 293 00:14:26,000 --> 00:14:30,040 Speaker 1: the Vanguard Ethical Fund is more expensive to invest in 294 00:14:30,160 --> 00:14:34,440 Speaker 1: than their normal fund for ETFs. And that's okay, because 295 00:14:34,480 --> 00:14:39,280 Speaker 1: I do understand comprehensively that there is far more research 296 00:14:39,360 --> 00:14:43,920 Speaker 1: and understanding and background checking and balancing that needs to 297 00:14:43,960 --> 00:14:47,360 Speaker 1: be done on an ethical portfolio. We get that. But 298 00:14:47,600 --> 00:14:50,240 Speaker 1: what I see with their fees is that they're reasonable 299 00:14:50,480 --> 00:14:54,520 Speaker 1: for the amount of additional work that goes into ethical investing. 300 00:14:54,960 --> 00:14:57,840 Speaker 1: But when you look at other companies, and I've spoken 301 00:14:57,880 --> 00:15:00,480 Speaker 1: about this on the podcast before, where they're like, oh 302 00:15:00,560 --> 00:15:02,400 Speaker 1: my god, we're a super fund and we're super ethical 303 00:15:02,440 --> 00:15:03,960 Speaker 1: and we're awful women and we do this and we 304 00:15:04,040 --> 00:15:06,280 Speaker 1: do that. Like, I genuinely think that some of them 305 00:15:06,320 --> 00:15:09,520 Speaker 1: are taking the piss Georgia Keane with what they are 306 00:15:09,560 --> 00:15:12,000 Speaker 1: trying to sell us, because it's like, yeah, okay, so 307 00:15:12,080 --> 00:15:15,200 Speaker 1: your woman only focused one. Great, it's ethical, great, all 308 00:15:15,240 --> 00:15:18,080 Speaker 1: of this other stuff. But I can go by something else, 309 00:15:18,120 --> 00:15:19,840 Speaker 1: Like if you were looking at an ETF or a 310 00:15:19,840 --> 00:15:23,080 Speaker 1: different superfund, I can just go into an ethical portfolio 311 00:15:23,080 --> 00:15:25,760 Speaker 1: and a pre existing superannuation fund. It's not going to 312 00:15:25,840 --> 00:15:28,440 Speaker 1: cost me anymore. But I'm not paying that dumb pink 313 00:15:28,520 --> 00:15:31,760 Speaker 1: or green tax you're adding because I want my values 314 00:15:31,800 --> 00:15:35,120 Speaker 1: to be upperheld. So I just feel like, especially in 315 00:15:35,160 --> 00:15:37,640 Speaker 1: this industry where a lot of us feel overwhelmed when 316 00:15:37,680 --> 00:15:40,440 Speaker 1: it comes to talking about superannuation or investing or making 317 00:15:40,440 --> 00:15:43,320 Speaker 1: the right decision. I think we've started looking for companies 318 00:15:43,320 --> 00:15:46,080 Speaker 1: that have marketing that really appeals to our values. So 319 00:15:46,120 --> 00:15:49,240 Speaker 1: you go, oh, my gosh, Like they've absolutely posted everywhere 320 00:15:49,280 --> 00:15:51,600 Speaker 1: that they're ethical and they're for women, and I'm a woman. 321 00:15:52,000 --> 00:15:56,160 Speaker 1: But like, genuinely, George, what the hell is the difference 322 00:15:56,480 --> 00:15:59,280 Speaker 1: between investing as a man and a woman. But from 323 00:15:59,280 --> 00:16:01,440 Speaker 1: the fact that I think we will only be able 324 00:16:01,440 --> 00:16:03,920 Speaker 1: to invest seventy three cents in comparison to their men's dollar, 325 00:16:04,000 --> 00:16:06,520 Speaker 1: but whatever, that's not the case at all. It's more 326 00:16:07,160 --> 00:16:09,840 Speaker 1: what is the different management strategy and why as a 327 00:16:09,840 --> 00:16:13,280 Speaker 1: woman should I be paying more for your woman's super fund? 328 00:16:13,520 --> 00:16:15,840 Speaker 3: Yeah, so there's are like these little extra taxes that 329 00:16:15,880 --> 00:16:19,880 Speaker 3: were shit paying. But then so there's also a concept 330 00:16:19,880 --> 00:16:22,360 Speaker 3: of grain washing when it comes to ethical investing, Right, 331 00:16:22,440 --> 00:16:24,360 Speaker 3: so how do we know that what we're investing in 332 00:16:24,680 --> 00:16:28,240 Speaker 3: is legitimately ethical or if it's just has the fancy marketing. 333 00:16:28,400 --> 00:16:31,160 Speaker 1: We need to look at the underlying investments and understand 334 00:16:31,240 --> 00:16:33,280 Speaker 1: as I was talking about before, you know, how I 335 00:16:33,320 --> 00:16:35,400 Speaker 1: talked about the organic sticker in the fruit shop. Yes, 336 00:16:35,560 --> 00:16:38,600 Speaker 1: like it is not like that, unfortunately, and they mean 337 00:16:38,640 --> 00:16:41,440 Speaker 1: all different things. So you just have to be really 338 00:16:41,600 --> 00:16:44,720 Speaker 1: cautious when looking at an asset and going, oh my god, 339 00:16:44,760 --> 00:16:46,680 Speaker 1: but it says it's green, or it says it's ethical, 340 00:16:46,800 --> 00:16:50,440 Speaker 1: or that's the Emerald portfolio or that's the whatever portfolio 341 00:16:50,480 --> 00:16:53,960 Speaker 1: they're calling it. I think you really need to talk 342 00:16:54,000 --> 00:16:57,000 Speaker 1: about what that means when it comes to ESG investing, 343 00:16:57,000 --> 00:17:00,240 Speaker 1: and there are a few things around that that are 344 00:17:00,240 --> 00:17:04,159 Speaker 1: important to wrap your head around. So ethical investing is 345 00:17:04,200 --> 00:17:07,240 Speaker 1: more about your thoughts and your feelings and your personal beliefs. 346 00:17:07,480 --> 00:17:11,199 Speaker 1: Sustainable investing is a strategy where investments are concentrated in 347 00:17:11,240 --> 00:17:14,760 Speaker 1: companies that have sustainable business practices, and a really good 348 00:17:14,840 --> 00:17:17,720 Speaker 1: measure of that is ESG investing, which you've probably heard 349 00:17:17,840 --> 00:17:20,520 Speaker 1: historically being thrown around. I think we've spoken about it 350 00:17:20,560 --> 00:17:24,359 Speaker 1: in Passing Fleeting Lad Georgia King on the podcast before. 351 00:17:24,600 --> 00:17:28,040 Speaker 1: But that is an acronym for environmental, social, and governance. 352 00:17:28,359 --> 00:17:31,360 Speaker 1: So those are the three key pillars that they are 353 00:17:31,480 --> 00:17:35,280 Speaker 1: measuring ethical investments on, or sustainable investments on, or however 354 00:17:35,320 --> 00:17:38,640 Speaker 1: you want to articulate them. So companies that employ what 355 00:17:38,680 --> 00:17:41,080 Speaker 1: we are calling in the investment world and eat SG 356 00:17:41,400 --> 00:17:44,439 Speaker 1: focus look at the sustainability side of things, So they 357 00:17:44,520 --> 00:17:47,000 Speaker 1: look at the environment, they look at the diversity and 358 00:17:47,119 --> 00:17:51,199 Speaker 1: inclusion and positive social impacts. They then look at the 359 00:17:51,240 --> 00:17:54,240 Speaker 1: social side of things and making sure that their employees 360 00:17:54,280 --> 00:17:56,240 Speaker 1: are well looked after and paid and they're not you know, 361 00:17:56,280 --> 00:17:58,640 Speaker 1: shipping off all of the work overseas and paying them 362 00:17:58,640 --> 00:18:01,880 Speaker 1: below minimum wage and you know, absolutely making fun of it. 363 00:18:02,400 --> 00:18:05,000 Speaker 1: Then they are also looking at the governance of the business. 364 00:18:05,040 --> 00:18:06,959 Speaker 1: So are they doing the right thing by the business, 365 00:18:07,000 --> 00:18:08,960 Speaker 1: are they doing the right thing by their shareholders that 366 00:18:09,040 --> 00:18:12,400 Speaker 1: own shares in the company, and are they overarchingly doing 367 00:18:12,440 --> 00:18:15,679 Speaker 1: the right thing. So personally, I love the idea of 368 00:18:15,920 --> 00:18:17,840 Speaker 1: ESG investing because it gives you a bit of a measure, 369 00:18:18,119 --> 00:18:20,240 Speaker 1: like you can go, okay, cool, Like what are those 370 00:18:20,320 --> 00:18:23,560 Speaker 1: three things and how does this stack up? So don't 371 00:18:23,720 --> 00:18:25,919 Speaker 1: just look at the shiny label and go, oh, but 372 00:18:25,960 --> 00:18:28,720 Speaker 1: it's the green portfolio. Because George, I could go out 373 00:18:28,760 --> 00:18:30,840 Speaker 1: tomorrow and I'm sure someone else already hasn't. I'm probably 374 00:18:30,880 --> 00:18:32,960 Speaker 1: going to get sued for saying this, But I could 375 00:18:33,000 --> 00:18:36,320 Speaker 1: go out tomorrow and register a company called the super 376 00:18:36,320 --> 00:18:39,959 Speaker 1: greens super company, and you go, wow, so cool, like 377 00:18:40,000 --> 00:18:42,640 Speaker 1: that sounds ethical, that sounds good, And then I could 378 00:18:42,680 --> 00:18:45,720 Speaker 1: just buy oil companies because screen's actually just a color 379 00:18:45,760 --> 00:18:47,840 Speaker 1: and I can do whatever I want because it's basically 380 00:18:47,880 --> 00:18:51,080 Speaker 1: the same as calling it they're super pink super company. 381 00:18:51,280 --> 00:18:53,720 Speaker 1: So I think it's really important to know the buzzwords, 382 00:18:53,920 --> 00:18:57,439 Speaker 1: but then also have that backing in ESG and go okay, cool, like, 383 00:18:57,720 --> 00:19:00,119 Speaker 1: what are the environmental impacts? What are the social impa 384 00:19:00,320 --> 00:19:01,920 Speaker 1: what is the governance of this company? 385 00:19:02,040 --> 00:19:02,119 Speaker 2: Like? 386 00:19:02,720 --> 00:19:05,520 Speaker 1: And then gee, the next thing I want you to understand, 387 00:19:05,600 --> 00:19:08,479 Speaker 1: not just you, everybody listening because we love them just 388 00:19:08,520 --> 00:19:11,919 Speaker 1: as much as we love digging is impact investing. And 389 00:19:12,000 --> 00:19:15,240 Speaker 1: impact investments are investments that are made with the intention 390 00:19:15,359 --> 00:19:20,760 Speaker 1: to generate positive, measurable social and environmental impact alongside financial return. 391 00:19:21,040 --> 00:19:23,480 Speaker 1: So impact investments are kind of the investments that you 392 00:19:23,520 --> 00:19:25,520 Speaker 1: make with the intention to just like do good and 393 00:19:25,560 --> 00:19:27,520 Speaker 1: be good and be a good egg and have a 394 00:19:27,520 --> 00:19:29,240 Speaker 1: really solid impact on the world. 395 00:19:29,520 --> 00:19:29,600 Speaker 2: Like. 396 00:19:29,680 --> 00:19:32,919 Speaker 1: Investors who are putting their dollars into impact investing and 397 00:19:32,960 --> 00:19:36,720 Speaker 1: investing in this way are actively looking to support areas 398 00:19:36,760 --> 00:19:39,320 Speaker 1: that they care about, and some really big ticket I 399 00:19:39,359 --> 00:19:42,880 Speaker 1: guess people who are doing this are people like Bill 400 00:19:42,880 --> 00:19:45,560 Speaker 1: and Melinda Gates and you've got Warren Buffett or Buffet 401 00:19:45,720 --> 00:19:49,040 Speaker 1: or however was that was that he's back him and 402 00:19:49,119 --> 00:19:52,680 Speaker 1: he's like lack of financial creep are back because he's 403 00:19:52,680 --> 00:19:55,640 Speaker 1: spending all of his money on impact investing. So it's 404 00:19:55,680 --> 00:19:59,120 Speaker 1: giving back. It's like that philanthropic vibe where you want 405 00:19:59,160 --> 00:20:01,120 Speaker 1: to give back more than you're receiving, but you also 406 00:20:01,160 --> 00:20:02,760 Speaker 1: want to make money so you can have a long 407 00:20:02,840 --> 00:20:03,600 Speaker 1: term impact. 408 00:20:03,640 --> 00:20:05,760 Speaker 3: So it's like maybe you'll get a return, like that 409 00:20:05,800 --> 00:20:07,280 Speaker 3: would be nice, but that's not really No. 410 00:20:07,000 --> 00:20:10,080 Speaker 1: No, you absolutely oh you're getting a return, but you're 411 00:20:10,359 --> 00:20:13,680 Speaker 1: specifically taking companies not they're going to have a good 412 00:20:13,680 --> 00:20:16,080 Speaker 1: impact on the world. So it's not just measuring them 413 00:20:16,080 --> 00:20:17,880 Speaker 1: and going are they ethical and doing the right thing? 414 00:20:17,960 --> 00:20:19,560 Speaker 1: Like you could go to a company and be like, 415 00:20:19,560 --> 00:20:22,240 Speaker 1: oh my gosh, you're producing shoes. You are doing it 416 00:20:22,280 --> 00:20:25,280 Speaker 1: in an ethical way. You've got shoes that are good shoes. 417 00:20:25,320 --> 00:20:27,639 Speaker 1: They're not made of leather, they are made by people 418 00:20:27,720 --> 00:20:29,960 Speaker 1: who are being paid a living wage, and you have 419 00:20:30,040 --> 00:20:33,240 Speaker 1: really great governance, you have really great internal policies. You've 420 00:20:33,280 --> 00:20:35,879 Speaker 1: just got this really great shoe company. But that's not 421 00:20:36,000 --> 00:20:39,000 Speaker 1: really making an impact on the world, whereas you might go, 422 00:20:39,080 --> 00:20:42,080 Speaker 1: oh my gosh, there's this shoe company and for every 423 00:20:42,160 --> 00:20:45,480 Speaker 1: shoe that is sold, one gets donated to somebody in need. 424 00:20:45,760 --> 00:20:49,200 Speaker 1: So that's, I guess, a very simple way of distilling 425 00:20:49,280 --> 00:20:53,320 Speaker 1: down the difference between going, okay, well, what's impact investing 426 00:20:53,400 --> 00:20:56,919 Speaker 1: versus ethical? Impact investing is usually ethical, but it's that 427 00:20:57,119 --> 00:21:01,280 Speaker 1: overarching additional benefit of all having a positive impact on 428 00:21:01,320 --> 00:21:01,720 Speaker 1: the world. 429 00:21:02,000 --> 00:21:06,159 Speaker 3: So on impact investing v Yes, I'm so happy for 430 00:21:06,320 --> 00:21:10,160 Speaker 3: our boy Warren Buffett that any lack of lifestyle creep 431 00:21:10,240 --> 00:21:12,960 Speaker 3: that he can invest where he wants may probably. 432 00:21:13,560 --> 00:21:17,359 Speaker 1: Take away lattes like we do. Well, he probably doesn't, 433 00:21:17,520 --> 00:21:20,840 Speaker 1: probably doesn't have much fun either. Honestly, party pooper, what 434 00:21:20,840 --> 00:21:21,120 Speaker 1: are you. 435 00:21:21,080 --> 00:21:25,000 Speaker 3: Doing, Warren? Anyway, Warren can invest in whatever he wants. 436 00:21:25,160 --> 00:21:28,280 Speaker 3: He can change the big impact. But me, I'm just 437 00:21:28,359 --> 00:21:32,080 Speaker 3: a girl. I've got one thousand dollars to invest, Yes, sir, 438 00:21:32,880 --> 00:21:35,760 Speaker 3: Can I truly have an impact if I'm only investing 439 00:21:36,160 --> 00:21:38,760 Speaker 3: that much? Or am I better off just like popping 440 00:21:38,840 --> 00:21:40,520 Speaker 3: it somewhere where I'm guaranteed. 441 00:21:40,080 --> 00:21:42,399 Speaker 1: A hot return. Honestly, just juck it in an oil company. 442 00:21:42,400 --> 00:21:46,000 Speaker 1: We're all screwed, You're welcome, goodbye. No, you can absolutely 443 00:21:46,000 --> 00:21:47,840 Speaker 1: have an impact. And I don't think that we need 444 00:21:47,880 --> 00:21:51,359 Speaker 1: to compare ourselves to these big name impact investors to 445 00:21:51,400 --> 00:21:53,760 Speaker 1: think that we're not having an impact. I think that 446 00:21:53,920 --> 00:21:56,840 Speaker 1: it's really important to consider these things over the long term. 447 00:21:56,880 --> 00:21:59,199 Speaker 1: I think it's important for you as an individual with 448 00:21:59,240 --> 00:22:02,560 Speaker 1: your first thousand, making a decision to go is this 449 00:22:02,720 --> 00:22:05,120 Speaker 1: aligned to my values? Is this something that I want 450 00:22:05,160 --> 00:22:06,800 Speaker 1: to do? And maybe you do choose a company that's 451 00:22:06,800 --> 00:22:09,320 Speaker 1: having a positive impact on the world. Lots of companies 452 00:22:09,320 --> 00:22:12,240 Speaker 1: are now choosing to add these types of things into 453 00:22:12,280 --> 00:22:15,600 Speaker 1: their business models because they know that's what investors want. 454 00:22:15,920 --> 00:22:18,520 Speaker 1: They know that what the world wants. But it's not 455 00:22:18,600 --> 00:22:21,960 Speaker 1: necessarily about you and your thousand dollars. Yes you're putting 456 00:22:21,960 --> 00:22:24,879 Speaker 1: it there, and yes it doesn't feel massive, but it's 457 00:22:24,920 --> 00:22:27,879 Speaker 1: about the community. It's about lots of people doing that, 458 00:22:28,160 --> 00:22:30,160 Speaker 1: and the more people that are on board with that, 459 00:22:30,240 --> 00:22:33,320 Speaker 1: the bigger that mountain becomes. So think about you and 460 00:22:33,359 --> 00:22:36,720 Speaker 1: your one thousand dollars. Gee, one point two million people 461 00:22:36,720 --> 00:22:38,920 Speaker 1: listen to this podcast. Imagine if they were all putting 462 00:22:38,920 --> 00:22:41,400 Speaker 1: their money where their mouth is, Like, we can have 463 00:22:41,520 --> 00:22:45,320 Speaker 1: as a community a massive impact on driving a shift 464 00:22:45,359 --> 00:22:48,440 Speaker 1: when it comes to our expectations around how companies treat 465 00:22:48,480 --> 00:22:51,200 Speaker 1: people and what they do and the impact that they have. 466 00:22:51,640 --> 00:22:54,240 Speaker 1: So it's it's good that you're thinking that way, but 467 00:22:54,280 --> 00:22:56,520 Speaker 1: I would hate for someone to be disheartened and be like, oh, 468 00:22:56,560 --> 00:22:59,160 Speaker 1: my thousand dollars doesn't have an impact. It does because 469 00:22:59,200 --> 00:23:01,639 Speaker 1: there are so many people just like you trying to 470 00:23:01,680 --> 00:23:02,800 Speaker 1: make that right decision. 471 00:23:03,040 --> 00:23:05,159 Speaker 3: All right, I'm going to pivot a little here. V 472 00:23:05,640 --> 00:23:08,600 Speaker 3: It's time to chat about eggs. I great love a 473 00:23:08,720 --> 00:23:09,240 Speaker 3: good egg. 474 00:23:09,440 --> 00:23:12,520 Speaker 1: Do you actually you're vegan? Do you know what? Whenever 475 00:23:12,600 --> 00:23:14,640 Speaker 1: I go to the cafe, I do buy Lucy an egg, 476 00:23:15,000 --> 00:23:17,080 Speaker 1: and she gets a little poachy at the cafe. 477 00:23:16,800 --> 00:23:19,160 Speaker 3: A little chyachy. 478 00:23:19,520 --> 00:23:21,560 Speaker 1: Sometimes they bring her a fried one. I don't really 479 00:23:21,640 --> 00:23:24,600 Speaker 1: like that because you know, oil dog doesn't really mix. Yeah, 480 00:23:24,600 --> 00:23:25,520 Speaker 1: what's your egg question? 481 00:23:26,440 --> 00:23:30,240 Speaker 3: So it's eggy, and it's it's ethical. It's a moral dilemma. 482 00:23:30,400 --> 00:23:31,320 Speaker 1: I'm a moral dilemma. 483 00:23:31,320 --> 00:23:33,120 Speaker 3: I'm gonna put it to you, all right. You tell 484 00:23:33,160 --> 00:23:36,560 Speaker 3: me your thoughts. Do you if you're not vegan like me, 485 00:23:37,760 --> 00:23:40,199 Speaker 3: you're going to the supermarket, do you pick the brand 486 00:23:40,320 --> 00:23:44,480 Speaker 3: that is small, free range, et cetera. Knowing that your 487 00:23:44,520 --> 00:23:48,680 Speaker 3: dollar is going directly to a totally ethical organization who 488 00:23:48,680 --> 00:23:51,720 Speaker 3: have never had cages. They're doing great work out on 489 00:23:51,760 --> 00:23:55,600 Speaker 3: the farm. So that's option one V. Or is it 490 00:23:55,680 --> 00:23:59,200 Speaker 3: better to choose the bigger brand, the brand that has 491 00:23:59,680 --> 00:24:02,160 Speaker 3: cage eggs, but they also have a little free range 492 00:24:02,200 --> 00:24:03,200 Speaker 3: egg option. 493 00:24:03,400 --> 00:24:05,200 Speaker 1: Or what are you doing this? Is this a dilemma? 494 00:24:05,480 --> 00:24:07,360 Speaker 3: Is it better to choose the free range eggs because 495 00:24:07,400 --> 00:24:10,280 Speaker 3: then that will encourage that corporation to make a move 496 00:24:10,320 --> 00:24:12,120 Speaker 3: to a brighter future for the chickens. 497 00:24:12,160 --> 00:24:14,560 Speaker 1: Does that make sense? I feel like they already know 498 00:24:14,640 --> 00:24:16,280 Speaker 1: they should be doing that if they have a free 499 00:24:16,400 --> 00:24:19,560 Speaker 1: range line, like they know people don't want their chickens 500 00:24:19,560 --> 00:24:20,560 Speaker 1: to be treated like trash. 501 00:24:20,600 --> 00:24:22,200 Speaker 3: But maybe they don't know how much money they can 502 00:24:22,200 --> 00:24:23,960 Speaker 3: make from it, because at the end of the day. 503 00:24:23,840 --> 00:24:26,400 Speaker 1: It's true, the free range eggs are more expensive. I'm 504 00:24:26,400 --> 00:24:30,080 Speaker 1: happy to pay for pasta raised really important. I don't know. 505 00:24:30,200 --> 00:24:32,399 Speaker 1: I think I like the idea of supporting companies that 506 00:24:32,440 --> 00:24:35,040 Speaker 1: are holistically doing good, but again, it's kind of about 507 00:24:35,040 --> 00:24:38,920 Speaker 1: supporting companies again your values. G It doesn't matter what 508 00:24:38,960 --> 00:24:41,600 Speaker 1: you choose, it's more about are you happy with the choice. 509 00:24:41,640 --> 00:24:44,520 Speaker 1: That you are making. And sadly, you know, I wish 510 00:24:44,560 --> 00:24:48,720 Speaker 1: that cage eggs were illegal because I think it's absolutely disgusting. 511 00:24:48,920 --> 00:24:51,879 Speaker 1: This isn't a pet podcast. It's not like she's on 512 00:24:51,960 --> 00:24:56,080 Speaker 1: the barn, but she's in the barn. She's in the barn. 513 00:24:56,160 --> 00:24:58,120 Speaker 1: She's on the barn, like, it's just not what she's 514 00:24:58,160 --> 00:25:01,399 Speaker 1: on the farm. That's better. We got this. It's not 515 00:25:01,440 --> 00:25:03,560 Speaker 1: about that. It's actually about like what are you most 516 00:25:03,560 --> 00:25:06,280 Speaker 1: comfortable with? And if I personally was buying eggs, I 517 00:25:06,280 --> 00:25:09,600 Speaker 1: would want the company to be entirely kind to its chickens, 518 00:25:09,800 --> 00:25:12,320 Speaker 1: Whereas if you're buying a free range egg from somebody 519 00:25:12,359 --> 00:25:16,280 Speaker 1: who still has caged chickens, they're still underlyingly treating their 520 00:25:16,359 --> 00:25:18,760 Speaker 1: chickens like trash. So for me, I would do the 521 00:25:18,880 --> 00:25:22,640 Speaker 1: one hundred percent free range egg company and my favorite 522 00:25:22,640 --> 00:25:24,480 Speaker 1: egg company. I didn't even know I had a favorite 523 00:25:24,520 --> 00:25:26,680 Speaker 1: egg company until now. Is you know those Josh's free 524 00:25:26,720 --> 00:25:31,399 Speaker 1: range eggs. Yeah, so cool. Josh's Rainbow eggs, I believe 525 00:25:31,440 --> 00:25:33,720 Speaker 1: they're called. And he's like one hundred percent ethical and 526 00:25:33,840 --> 00:25:36,240 Speaker 1: they're all like pasta raised anyway, he looks like he 527 00:25:36,240 --> 00:25:39,239 Speaker 1: has a really fun times him. He's not sponsor, like, 528 00:25:39,280 --> 00:25:41,280 Speaker 1: he's just he just sounds like a really cool human. 529 00:25:41,400 --> 00:25:44,440 Speaker 3: Another egg brand is Lil's Yochi dope Eggs down on 530 00:25:44,480 --> 00:25:45,000 Speaker 3: the Peninsula. 531 00:25:45,080 --> 00:25:48,399 Speaker 1: Amazing Yochi Dokei Eggs. Is that your friend, Lily? 532 00:25:48,880 --> 00:25:51,160 Speaker 3: No, No, it's actually a really long and sad story, 533 00:25:51,200 --> 00:25:53,280 Speaker 3: so I won't go into it. But if you can 534 00:25:53,480 --> 00:25:56,600 Speaker 3: support them, they're amazing, oh so sweet. Maybe we'll link 535 00:25:56,600 --> 00:25:57,080 Speaker 3: in the show notes. 536 00:25:57,280 --> 00:25:59,040 Speaker 1: We'll link in the show notes to the egg company. 537 00:25:59,080 --> 00:26:01,680 Speaker 1: Absolutely not in line with my values, but I'm glad 538 00:26:01,720 --> 00:26:02,720 Speaker 1: it's in line with yours. 539 00:26:03,440 --> 00:26:06,720 Speaker 3: Okay, So when it comes to ethical investing, what do 540 00:26:06,760 --> 00:26:07,040 Speaker 3: we do? 541 00:26:07,160 --> 00:26:07,840 Speaker 1: Where do we look? 542 00:26:07,880 --> 00:26:10,920 Speaker 3: If we are just starting out on this wild, wild adventure. 543 00:26:11,080 --> 00:26:13,560 Speaker 3: There are a lot of places you can look. Google's 544 00:26:13,600 --> 00:26:16,359 Speaker 3: your friend, obviously, We've got blog posts and links to 545 00:26:16,400 --> 00:26:18,840 Speaker 3: a whole heap of resources. There are a million different 546 00:26:18,840 --> 00:26:21,680 Speaker 3: places you could look, and most investing platforms these days 547 00:26:21,720 --> 00:26:24,680 Speaker 3: have ethical options or ESG options. Just look it up 548 00:26:25,080 --> 00:26:28,240 Speaker 3: shares these This isn't a sponsored mention like, it's just 549 00:26:28,400 --> 00:26:31,159 Speaker 3: they have a good amount of resources on their website 550 00:26:31,200 --> 00:26:34,159 Speaker 3: for you to understand the decision making around what is 551 00:26:34,200 --> 00:26:35,840 Speaker 3: going to be in line with your values or not. 552 00:26:36,320 --> 00:26:39,720 Speaker 3: Also shameless plug two six Park, who I obviously work 553 00:26:39,760 --> 00:26:43,560 Speaker 3: incredibly closely with. They have a sustainable portfolio which I 554 00:26:43,720 --> 00:26:45,920 Speaker 3: adore and I think they're doing really good things with 555 00:26:46,040 --> 00:26:48,080 Speaker 3: and a whole heap of resources on their blog for 556 00:26:48,160 --> 00:26:50,040 Speaker 3: you to absorb and learn from. 557 00:26:50,080 --> 00:26:52,640 Speaker 1: But then I also think the last thing I want 558 00:26:52,640 --> 00:26:54,640 Speaker 1: to leave you with before we run off and grab 559 00:26:54,640 --> 00:26:57,840 Speaker 1: another oat latag King is that you're not going to 560 00:26:57,880 --> 00:27:01,000 Speaker 1: lose by ethically investing. And I think so many people 561 00:27:01,000 --> 00:27:03,320 Speaker 1: are of the opinion that it's like the compromise and 562 00:27:03,400 --> 00:27:04,919 Speaker 1: like on the ethical one, you're not going to get 563 00:27:04,920 --> 00:27:07,280 Speaker 1: as good as returns. Like in this episode, I gave 564 00:27:07,320 --> 00:27:09,919 Speaker 1: you the facts to prove that that is not the case, 565 00:27:10,000 --> 00:27:12,040 Speaker 1: and you can do even more research on your own 566 00:27:12,080 --> 00:27:13,920 Speaker 1: to figure that out. I think you just need to 567 00:27:13,960 --> 00:27:16,200 Speaker 1: be smart about it and pick things that are aligned 568 00:27:16,240 --> 00:27:18,000 Speaker 1: to your values, and you need to do that sooner 569 00:27:18,080 --> 00:27:18,800 Speaker 1: rather than later. 570 00:27:19,160 --> 00:27:21,480 Speaker 3: So take a little moment to really reflect on what 571 00:27:21,520 --> 00:27:24,000 Speaker 3: you are actually passionate about, what is ethical to you, 572 00:27:24,080 --> 00:27:24,879 Speaker 3: what that means to you. 573 00:27:25,119 --> 00:27:28,199 Speaker 1: Yeah, and I think we've done full stop. End of story, 574 00:27:28,440 --> 00:27:30,440 Speaker 1: see you later. Try to do the wrap, Joe. 575 00:27:30,520 --> 00:27:33,440 Speaker 3: Yeah, Yeah, yeah, Okay, the advice shed on she is 576 00:27:33,480 --> 00:27:35,760 Speaker 3: on the Money is general in nature and does not 577 00:27:35,880 --> 00:27:39,879 Speaker 3: consider your individual circumstances. She's on the Money exists purely 578 00:27:39,960 --> 00:27:42,919 Speaker 3: for educational purposes and should not be relied upon to 579 00:27:42,920 --> 00:27:45,240 Speaker 3: make an investment or a financial decision. 580 00:27:45,280 --> 00:27:47,320 Speaker 1: Maybe make an ethical one though, yeah, well. 581 00:27:47,160 --> 00:27:51,159 Speaker 3: Exactly right, and we promise, guys. Victoria Devine is an 582 00:27:51,200 --> 00:27:56,120 Speaker 3: authorized representative of in Focus Securities Australia Propriety Limited ABN 583 00:27:56,320 --> 00:27:59,359 Speaker 3: four seven zero ninety seven seven nine seven zero four 584 00:27:59,520 --> 00:28:02,120 Speaker 3: nine for sell two three six five two. 585 00:28:02,000 --> 00:28:05,119 Speaker 1: Three And my friends, we would love it if we 586 00:28:05,160 --> 00:28:07,920 Speaker 1: could see you join our Facebook group where our community 587 00:28:07,960 --> 00:28:11,440 Speaker 1: shares money tips and tricks every single day, free of judgment. 588 00:28:11,680 --> 00:28:14,200 Speaker 1: So She's on the Money on Facebook and join us. 589 00:28:14,400 --> 00:28:16,399 Speaker 1: And if Facebook's not you think that's okay, you can 590 00:28:16,400 --> 00:28:18,439 Speaker 1: also find us on the Gram where it She's on 591 00:28:18,480 --> 00:28:21,400 Speaker 1: the Money a US. And obviously don't forget to rate, 592 00:28:21,480 --> 00:28:25,080 Speaker 1: review and subscribe because we're quite clearly your favorite podcast. 593 00:28:25,160 --> 00:28:27,879 Speaker 1: That would be nice, if very nice, See soon, guys. 594 00:28:27,880 --> 00:28:42,640 Speaker 3: Bye bye bye