Speaker 1: Hello.
Speaker 2: My name's Satasha Nabananga Bamblet. I'm a proud or the
Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
Speaker 2: get started on She's on the Money podcast, I would
Speaker 2: like to acknowledge the traditional custodians of the land of
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
Speaker 2: the elders, the ancestors and the next generation coming through
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 2: the storytelling of you to make a difference for today
Speaker 2: and lasting impactful tomorrow.
Speaker 1: Let's get into it. She's on the Money, She's on
Speaker 1: the Money. Hello, and welcome to She's on the Money,
Speaker 1: the podcast that's here to show you investing isn't just
Speaker 1: for the rich, It's for you too. Now, what happens
Speaker 1: when you get two retired financial advisors in a room together.
Speaker 1: It's not a joke. Well, it actually turns out they
Speaker 1: can't not talk about investing. So we decided to hand
Speaker 1: control of this episode over to you, our beautiful community,
Speaker 1: to find out the biggest investing questions that are currently
Speaker 1: on your mind. I'm Victoria Devine and of course I'm
Speaker 1: one of the two retired financial advisors because in the
Speaker 1: room today also joining us mister Glenn James.
Speaker 3: Hello VD, and hello to all your listeners.
Speaker 1: I'm so excited, Glenn, before we dive further in, I
Speaker 1: feel like a lot of the og she's on the
Speaker 1: money listeners are gonna know exactly who you are. Your dad,
Speaker 1: I'm mum. But for those of you who are maybe
Speaker 1: new to the pod, who are you, Glenn? How'd you
Speaker 1: get on the show?
Speaker 3: Actually I read a review once yeah, and someone had
Speaker 3: to go at you have me on the podcast?
Speaker 1: I would too, honestly paid me so much money to
Speaker 1: get in this room. It's priceless, honestly double what you
Speaker 1: paid last.
Speaker 3: Time, exactly. I've known VD for many years. Unlucky we
Speaker 3: were on the financial advice scene. Kind of still are.
Speaker 3: In Australia. I run a podcast called Money, Money, Money.
Speaker 3: You probably know it as My Millennial Money, but I
Speaker 3: changed the name. It was Millennials. It's not cool anymore.
Speaker 3: It was in twenty eighteen.
Speaker 1: It's not. I'm learning that I'm actually very uncool. And
Speaker 1: I was telling you just before that one of the
Speaker 1: people in my team has said, Victoria Devine, if you
Speaker 1: say slate again you're out. That's very millennial, canceled totally.
Speaker 3: And we are talking about Sigma pharmaceuticals today.
Speaker 1: We are, and I'm so excited.
Speaker 3: That's the word, right.
Speaker 1: Yeahs POTENTI Sigma Sigma and we got to say Diva
Speaker 1: instead of slack there. Yeah, absolutely. And they do not
Speaker 1: wear ankle socks, which you're not today. So I'm actually
Speaker 1: quite proud of you.
Speaker 3: I don't wear ankle socks.
Speaker 1: Yeah, because you're cool.
Speaker 3: Not heapes. But yeah, So we love to talk about money.
Speaker 3: A lot of my listeners are also listeners of your podcast,
Speaker 3: and there's great overlap with our content. We both want
Speaker 3: good things for good people.
Speaker 1: I like it well, Glenn. Our community delivered. They did
Speaker 1: not disappoint. We've got questions about everything, some of them
Speaker 1: I had to remove, but questions from how to actually
Speaker 1: invest regularly without getting stung by additional fees, like at
Speaker 1: what point does brokerage kick in to figuring out if
Speaker 1: your portfolio is actually balanced? What does that even mean?
Speaker 1: And we're tackling the age old question Glenn of when
Speaker 1: do you know it's time to actually change your strategy.
Speaker 1: Plus we've got some spicy discussions on whether you should
Speaker 1: invest jointly with your partner, what to look for in
Speaker 1: a tech ETF, and of course all the buzz that
Speaker 1: is currently surrounding chemist warehouse. Now, if you've ever stared
Speaker 1: at your portfolio and have thought am I actually doing
Speaker 1: this right? What to stick around? Because we're about to
Speaker 1: break all of it down for you? All right, Glenn,
Speaker 1: let's just dive straight in. Our first community member said
Speaker 1: Glenn Victoria. I want to invest regularly, but I'm so
Speaker 1: worried about racking up face. What is the best way
Speaker 1: to time my investments so that I keep costs low
Speaker 1: without sacrificing consistency.
Speaker 3: It's a good question, and it's a valid argument in
Speaker 3: every area of our life. I have a car, A
Speaker 3: costs to run that car, but I get the benefits
Speaker 3: for having that cost in my life. It's no different
Speaker 3: with when we invest. We may need to pay for
Speaker 3: costs to do the transaction. We may need to pay
Speaker 3: costs to have a professional if we're going down that road.
Speaker 3: So we can't remove costs from our life. But I
Speaker 3: think it's important to understand the costs and make a
Speaker 3: judgment call. I will say, when we get started with investing,
Speaker 3: you know you've worked with Sharess. There's plenty of investing
Speaker 3: apps that are very low cost relative to the money
Speaker 3: that you put in. There's an app Superhero. I think
Speaker 3: they charge three dollars per trade for a GTS deal,
Speaker 3: which at the end of the day, it's the cost
Speaker 3: of doing business if you want to any invest And
Speaker 3: we shouldn't be dictating our investing strategy by a tax
Speaker 3: outcome by investing fees. Now there is a pendulum that
Speaker 3: swings if they're like, oh, if you invest one hundred dollars,
Speaker 3: there's fifty dollars in fees. Well, no, we're not doing that.
Speaker 3: But the winning point here is you are getting started,
Speaker 3: you are investing. And this is a crazy kind of
Speaker 3: comment that flies in the face with some money community
Speaker 3: members out there who produce money content. There comes a
Speaker 3: point in your financial life where you can't expense, hack
Speaker 3: or reduce costs in order to get to financial freedom.
Speaker 3: But there's only so much you can do, so don't
Speaker 3: stress too much. Any of the big type of apps
Speaker 3: that you've heard of, I'm confident to say that, and
Speaker 3: this is a broad statement and.
Speaker 1: With a broad brush general only.
Speaker 3: Any of the big players that you see in Facebook
Speaker 3: groups sponsored podcasts, they're not going to be unscrupulous, and
Speaker 3: particularly I know UVD and for me on my podcast,
Speaker 3: we don't work with brands that we think aren't good
Speaker 3: on balance for a lot.
Speaker 1: Of people, Like, if I am working with somebody, you
Speaker 1: can guarantee that I would use them personally, Like it
Speaker 1: doesn't mean I am because there's so many different players
Speaker 1: in the market, And like, if I'm working with a
Speaker 1: bank but I already have my banking set up with one,
Speaker 1: I'm not going to change to the other. But I
Speaker 1: wouldn't have an issue doing so. And I think that's
Speaker 1: a really important point to remember because both you and
Speaker 1: I we were actually having this beautiful conversation before we
Speaker 1: started recording. We're talking about brands like that we'd recently
Speaker 1: said no to, and we'd never just throw brands under
Speaker 1: the bus. I'm sorry there's no tea there, but like
Speaker 1: just oh yeah, actually yeah, no, we're not working with
Speaker 1: anybody now pay later as that is all right. So, like,
Speaker 1: I mean more aligned brands, but there are some that
Speaker 1: both of us are like absolutely not, Like either we
Speaker 1: don't like their management teams, or we don't like their structure,
Speaker 1: or we don't like their PDS. So, like, there have
Speaker 1: been multiple times that I have been like, your product is beautiful,
Speaker 1: My community adore this product, and I would love to
Speaker 1: support you, but your PDS says some things in there
Speaker 1: that I'm just not comfortable with, and like, I would
Speaker 1: never want just one person in my community to be
Speaker 1: tripped by those So.
Speaker 3: And I think it's a good point you make, Like
Speaker 3: we're talking about product here and costs in the money world,
Speaker 3: and there's a question we maybe can go to that
Speaker 3: question now as I produce your.
Speaker 1: Podcast on this You can do whatever you want, we can.
Speaker 3: We need to talk about strategy first, and I'm a
Speaker 3: bit basic, So I like to use analogies to that
Speaker 3: car analogy where we buy a car and we have
Speaker 3: to pay on road costs and fuel before we worry
Speaker 3: about should I buy a car yes or no? Because
Speaker 3: there's fees involved. Let's go back. Okay, you need a car.
Speaker 3: Do you need something that's a compact suv? Lucy's in
Speaker 3: the studio with us today, so throw Lucy in the
Speaker 3: back of Do we need a little hatchback to zip
Speaker 3: around town? We can't get an electric car because I've
Speaker 3: got nowhere to charge it. Do I need a Prato
Speaker 3: because we're doing an overland tour with the family. We
Speaker 3: have to work out the strategy for the car first,
Speaker 3: and that is I've nailed my strategy down to I
Speaker 3: want to compact suv. I'm going to get a hybrid
Speaker 3: one that's looking like a RAB four on balance whatever.
Speaker 3: So okay, awesome, Now we know our strategy. Then we
Speaker 3: can kind of dial in and look in that strategy.
Speaker 3: We know a RAV four hybrid will suit our needs. Okay,
Speaker 3: can't afford the high We'll still get the RAB four
Speaker 3: of like a blue one. Can't find a secondhand blue one,
Speaker 3: I'm going to settle for a white one because on balance,
Speaker 3: that white RAB four still meets.
Speaker 1: All of the criteria, all the needs.
Speaker 3: Yeah.
Speaker 1: So, and there are things that are nice to have, right, Yeah,
Speaker 1: I agree. And I think when we're talking about investing regularly,
Speaker 1: because you and I both on our podcasts say you
Speaker 1: need to be regularly and consistently investing, but also some
Speaker 1: of us just don't have the cash to be investing
Speaker 1: large sums of money. And at that point you might
Speaker 1: be a little bit confused because you're like, but Victoria,
Speaker 1: you talk about dollar cost averaging and the importance of
Speaker 1: consistently being in the market. But then I also I
Speaker 1: am going to tell you, if you are investing fifty
Speaker 1: dollars a month and then you have your brokerage feet
Speaker 1: on top of that, perhaps that's actually a bit detrimental
Speaker 1: because yes, you're dollar cost averaging, but then it's costing
Speaker 1: you more to get into the market. We need to go, Okay, well,
Speaker 1: if my buddy for investing is fifty dollars a month,
Speaker 1: perhaps I actually invest maybe every three months and make
Speaker 1: the most of brokerage. But the important thing here is
Speaker 1: that every single month you're still putting that money to
Speaker 1: the side. You might not actually make that investment transaction
Speaker 1: until you have one hundred and fifty dollars based on
Speaker 1: the maths that you've decided. All right, I'm happy to
Speaker 1: spend that, you know, three dollars in brokerage because it's
Speaker 1: a larger sum of money. Therefore it's a smaller percentage
Speaker 1: of the overall investment.
Speaker 3: I like to tell people have a strategy, however small.
Speaker 3: So you've just said to me your strategy big picture,
Speaker 3: I want to invest for my future. I want to
Speaker 3: live on less mode, I earn and invest the rest
Speaker 3: that's your strategy. Okay, I've got fifty dollars a week
Speaker 3: to invest as part of my strategy. Awesome. Then what
Speaker 3: you've done, You've said, okay, fifty dollars a week investing.
Speaker 3: If I go to a traditional broker like your com set,
Speaker 3: your NAB trade, they may charge nineteen dollars per trade.
Speaker 1: And I think that that's where people get a little
Speaker 1: bit caught up in like which is the best investment platform,
Speaker 1: and it's like, well, there's actually one that's is your strategy.
Speaker 1: There's actually no such thing because like someone could say
Speaker 1: it's com sec and then the reality of that situation
Speaker 1: is yeah for them, yeah, because they're happy to spend
Speaker 1: nineteen dollars a trade. And that works because you didn't
Speaker 1: realize they're investing four thousand dollars a month and that
Speaker 1: nineteen dollars is actually such a small percentage. But they've
Speaker 1: made a recommendation to somebody investing fifty dollars a month.
Speaker 1: Can you imagine how much your profit is going to
Speaker 1: be eaten away if your trade is nineteen dollars but
Speaker 1: your investment is fifty dollars every month, Like that is
Speaker 1: detrimental to you creating wealth.
Speaker 3: Yeah, so strategy always comes first. Then we look as
Speaker 3: part of the strategy potentially ownership structure. There's a question
Speaker 3: there about joint accounts.
Speaker 1: We can perving on my list. I didn't give you
Speaker 1: a list. How do you know what's on my list?
Speaker 1: Emma showed you and as our producer, and she's too
Speaker 1: organized for me.
Speaker 3: Strategy, ownership structure, product, which is the investment app or play?
Speaker 1: What are we actually investing on? Then we can talk
Speaker 1: about ETFs or we can talk about the actual investment,
Speaker 1: which is actually where this leads. So I've got two questions.
Speaker 1: And one of our community members said, Hey, guys, I'm
Speaker 1: trying to build my portfolio, but I actually feel like
Speaker 1: I've just plucked the percentages out of thin air. How
Speaker 1: do I actually work out the right balance for your investments?
Speaker 1: Because like, let's say we've picked our product and we
Speaker 1: are on an investing platform, and now it's time to
Speaker 1: pick our actual investments that we are putting money into. Glenn,
Speaker 1: let's start with a round number that I feel like
Speaker 1: a lot of our community use as an example. It
Speaker 1: doesn't mean you have to start with that because on
Speaker 1: a lot of investing platforms you can invest with as
Speaker 1: little as one cent. But let's say you've got a
Speaker 1: thousand dollars, Glenn, because I feel like that's a sturdy
Speaker 1: follow your beginning.
Speaker 3: Can we do ten thousand?
Speaker 1: We can do ten thousand? Yeah, you rich Riach, I
Speaker 1: like it.
Speaker 3: I was worried you're going to say, let's start with
Speaker 3: nine and twenty dollars.
Speaker 1: Oh no, we only work in round numbers because I
Speaker 1: need to lull my community into thinking I'm actually good
Speaker 1: at maths, and I can only work with round numbers
Speaker 1: in my head. So let's do ten thousand dollars. How
Speaker 1: do we then go? All right, well, how am I
Speaker 1: balancing this?
Speaker 3: Like?
Speaker 1: Am I doing half half? Am I doing twenty five
Speaker 1: percent of each? What's that look like?
Speaker 3: So? I love everything that we do in the money world.
Speaker 3: We do these podcast career. I love that we talk
Speaker 3: about investing the problem that we get online and whatever
Speaker 3: industry you're in. So we're in the money industry, if
Speaker 3: you're in the health industry, if you're in the fitness industry,
Speaker 3: if you're in the butcher baker, candlestick maker industry. When
Speaker 3: stuff gets online, the top line vibe of all that
Speaker 3: we do online is awesome. We want people to invest
Speaker 3: for the future, stunning. The problem then sets in when
Speaker 3: we get down to other levels with different content creators
Speaker 3: is the nuance and people will get dogged on a
Speaker 3: point that doesn't make sense to get chess other people
Speaker 3: chest sponsorships one of them. So there's a school of
Speaker 3: thought where we get questions like this. People come in
Speaker 3: listen to She's on the Money. I listen to your
Speaker 3: podcast sometimes, why we we ack in?
Speaker 1: Do you miss me? And you're like, I need to
Speaker 1: give vd's voice. Yeah, I hope you're listening to the
Speaker 1: Deep Dive so that you can learn as well. Yeah, fantastic.
Speaker 3: So we get all this information and we're like, I've
Speaker 3: got to get started investing, and I'm new to the
Speaker 3: Facebook group. Someone has just said what percentage allication do
Speaker 3: I need? How do I build my portfolio? And I'm
Speaker 3: offensive and I get canceled every other week. There's a
Speaker 3: train of thought to say, with respect and care that
Speaker 3: if you don't quite know what percentages to make up
Speaker 3: your portfolio, how can you know how to manage a portfolio? Ongoing? Okay,
Speaker 3: so there's that.
Speaker 1: I have a whole investing masterclass room, lease do that. Yeah,
Speaker 1: But also we need to answer the question on the
Speaker 1: podcast because otherwise we gate keeping exactly.
Speaker 3: So that being said, you've got some options there, we
Speaker 3: do the portfolio in a box, your ETF. That's the
Speaker 3: one stop shop. So I focus on being good at
Speaker 3: my work. I've got my fifty dollars a week and
Speaker 3: I'm put into that and get on with my life.
Speaker 3: Then we go to the next step, which your lovely
Speaker 3: question is written in. I want to build a portfolio.
Speaker 3: I actually have learned about investing. I know that I
Speaker 3: can buy a single ETF with Australian Shares awesome. I
Speaker 3: know I can get an ETF with just American or
Speaker 3: just Tech awesome. So the question is now, if you
Speaker 3: want to go down that road and have a bit
Speaker 3: of a DIY, sure, what percentages do we use? Aha,
Speaker 3: I've got an answer.
Speaker 1: Don't know if it's the best that your risk profile.
Speaker 3: It is, But I'm talking more simplistically. If you look
Speaker 3: into your superannuation account and have a look at index
Speaker 3: balanced option with any major superfund, they will show you
Speaker 3: what their research says is a good balancing their portfolio. Yeah,
Speaker 3: there might go yet thirty five percent International, twenty five
Speaker 3: percent Australian and a bit of property.
Speaker 1: You could mirror that a cold restar profile. And that's
Speaker 1: actually something that in my investing master class I teach
Speaker 1: because it's like you have your risk profile and you
Speaker 1: would know when you do this with clients, Glen, it
Speaker 1: comes out with a beautiful pie chart. And I love
Speaker 1: to talk about pie charts because like I'm a visual learner,
Speaker 1: and we know that this amount should be shared, this
Speaker 1: amount should be property, this amount of cash, and maybe
Speaker 1: some like fixed interest assets, and I want that, but
Speaker 1: I want it just for my share portfolio. And one
Speaker 1: of the best ways to do that is to look
Speaker 1: at superanuation breakdowns of what a low risk portfolio balance
Speaker 1: putfall or a high growth portfolio is. And you will
Speaker 1: find more often than not, and this is a broadbrush
Speaker 1: statement again that if we look at a growth portfolio,
Speaker 1: because most of my community are growth investors from our research,
Speaker 1: you look at it and it goes all right, well,
Speaker 1: forty five percent international assets, fifty percent Australian assets, and
Speaker 1: then you might have five percent of like bonds or cash,
Speaker 1: and so you go, all right, am I comfortable with that?
Speaker 1: Does that suit me? And we're not saying that that would,
Speaker 1: but it's a good example. All right, I'm going to
Speaker 1: now either build that out with individual shares and I'm
Speaker 1: going to take of my ten thousand dollars four and
Speaker 1: a half thousand dollars of that, and I'm buying international assets.
Speaker 1: Is that an international ETF? Is that international direct assets?
Speaker 1: Keep in mind, if it is ever international, you will
Speaker 1: never own it directly. I have an international ETF to
Speaker 1: be clear. And then you've got your fifty percent. You
Speaker 1: could build that out with maybe like six or eight direction,
Speaker 1: or you could pick an ETF that makes sense to you.
Speaker 1: And I would say most people in our community, from
Speaker 1: our research, pick two different ETFs and then they might
Speaker 1: pick a bond. They might pick to keep a little
Speaker 1: bit of cash. And we always say, and financial advisors
Speaker 1: will tell you that keeping cash in your portfolio is important,
Speaker 1: not because it's not invested and it's not working, but
Speaker 1: like you're going to have the ability to rebalance whenever
Speaker 1: you need to. So with your weekly or monthly contributions,
Speaker 1: you'll be contributing fantastic, but one is going to grow
Speaker 1: more than the other, and you might need to tip
Speaker 1: a little bit of cash here or there to keep
Speaker 1: that balance and so that's what we mean when we
Speaker 1: say building a portfolio, or that's what we mean when
Speaker 1: we talk about balancing. And I just get so passionate
Speaker 1: about that because I'm like, I can show you, like
Speaker 1: I need to sit you down and give you examples,
Speaker 1: because I'm going to give you this example, and it's
Speaker 1: going to be really constructive, but at night, not fit you.
Speaker 1: You need to go back and do the work to
Speaker 1: get the outcome. There's actually no hey, here's actually the answer.
Speaker 3: So I think you've got your investing master class.
Speaker 1: I do.
Speaker 3: I would honestly say, and this is the best thing
Speaker 3: about investing. We can spend a whole hour talking about
Speaker 3: one question. If you are getting started, I believe the
Speaker 3: best and the first investment you should make is in
Speaker 3: your own education and understanding one hundred You're investing master class.
Speaker 3: It's under four hundred dollars.
Speaker 1: That's a money win.
Speaker 3: I would honestly say, invest in the master class, do
Speaker 3: the time, learn, then start your investing. In fact, I
Speaker 3: will to anyone who's on my Instagram that's going to
Speaker 3: look at maybe some of these clips, I'm going to
Speaker 3: donate three master classes.
Speaker 1: Oh no, I'm going to do that. To you and
Speaker 1: then you can give them back or whatever.
Speaker 3: I want to give away some masterclass, I will pay
Speaker 3: with my own money, okay, because I believe we need
Speaker 3: to understand first before we invest. Now, on that school
Speaker 3: of thought of whether we build our own portfolio, we
Speaker 3: do tweaks. We need to understand and work out whether
Speaker 3: we are a set and forget investor or we want
Speaker 3: to dabble and tweak. I would say I'm more of
Speaker 3: a set and forget investor. There is a disclosure here.
Speaker 3: Victoria and I are licensed by a company and they've
Speaker 3: got an investment platform called live Sharper Invest. They have
Speaker 3: not paid for me to say this.
Speaker 1: No, it's just a good pot.
Speaker 3: I did a full deep dive on my show.
Speaker 1: And we can link that.
Speaker 3: Yeah, we'll link it in the show notes, so you
Speaker 3: can go to the live shurper invest website. They've got
Speaker 3: all the different portfolios so it can be like higher growth,
Speaker 3: growth balanced, and you can see all the ETFs that
Speaker 3: they invest in and the percentages. It's literally free, publicly
Speaker 3: available information now and I love that.
Speaker 1: They do that one because transparent kings, but also I
Speaker 1: just love that they're like, no, we back ourselves, so
Speaker 1: much that you could go do this yourself or we
Speaker 1: could manage it for you. Diva, is that the right
Speaker 1: slag sigma shibbitty skibby gibbity gosh skibbity toilet.
Speaker 3: Is not aging well. So the thing is in the
Speaker 3: deep dive I did with Vince. We did a campfire
Speaker 3: chat podcast the other day.
Speaker 1: I lit into those I won't Yeah, so it wasn't
Speaker 1: for me because I listened to it on two time
Speaker 1: speed because both of you talk like snails.
Speaker 3: It's that millennial pause.
Speaker 1: Yeah, but like the pause happens after every word. So
Speaker 1: if you're going to listen to Glenn's content, that's fantastic.
Speaker 1: It's really good content speed.
Speaker 3: Now, the thing is you can go to a super
Speaker 3: fun You can go to life share for invest and
Speaker 3: look at the assets and the asset allocation, but what
Speaker 3: if something changed is in the portfolio. You need to
Speaker 3: be on top of that. We talked about one of
Speaker 3: the Aussie equity funds. They made a change to a
Speaker 3: different manager. You just have to be on top of it.
Speaker 3: So check out live Share to invest again. I'm personally
Speaker 3: going to be using that in my own money because
Speaker 3: I was a client then I started super fund and
Speaker 3: I'm now going to investing that in my superfund.
Speaker 1: So that's exciting.
Speaker 3: Yeah, I'm a big believer because of the transparency. I'm
Speaker 3: happy with the fees because they're not gouging, they're reasonable,
Speaker 3: and they take care of the investing. Yeah.
Speaker 1: I feel like as X Advisors, we have gone through
Speaker 1: a lot of different phases where we go real aggressive
Speaker 1: with buying direct shares on our own. We want to
Speaker 1: control every inch of our portfolio, and then we go, oh,
Speaker 1: maybe we want to take our hands off and we
Speaker 1: do a bit of super stuff, or then we put
Speaker 1: our hands back on and go, oh, maybe I really
Speaker 1: want to go into having just ETFs. And i feel
Speaker 1: like I've done the swings and the roundabouts of the
Speaker 1: last years and now I'm at a point where I'm like,
Speaker 1: you know what, I've got a few assets that are
Speaker 1: direct shares. They're fun, like you know, and I'm maybe
Speaker 1: having a little bit of a look at things. Most
Speaker 1: of my portfolio is too ets. Sorry now three ETFs
Speaker 1: International Australian and I'm calling it a day because I'm
Speaker 1: just exhausted with how much time, energy and effort goes
Speaker 1: into managing a portfolio. Consistently and for what benefits, Like
Speaker 1: I'm achieving the same returns that a managed fund can.
Speaker 3: Yeah, And I think the older we get, the more
Speaker 3: we look back and become a victim of the Dunning
Speaker 3: Kruger effect. Look it up Google Images. It's an awesome thing.
Speaker 3: You start out, you get really confident, you get ignorant.
Speaker 3: Then you realize that our craf I know nothing, and
Speaker 3: you kind of reset. I've realized in my life I'm
Speaker 3: a full time content creator. That's what my focus is
Speaker 3: on my podcast and my business. I'm outsourcing the investing,
Speaker 3: but if you want to do it yourself, you can
Speaker 3: copy other portfolios. You just have to be onto it.
Speaker 1: Yeah, one hundred percent, all right, Glenn, I want to know. Now,
Speaker 1: we've talked a lot about investing individually, but one of
Speaker 1: the questions we got from the community was is it
Speaker 1: a spart move to invest jointly with your partner or
Speaker 1: should it just be in one name?
Speaker 3: I want to know your thoughts first, or do you
Speaker 3: want to know my first?
Speaker 1: You can know my thoughts. Do you just want to
Speaker 1: know my personal strategy?
Speaker 3: Well, I guess if your personal strategy is your public thoughts.
Speaker 1: Here are both either I mean, I'm in a situation
Speaker 1: that is I would say privileged because if something should
Speaker 1: happen in my relationship and we decide not to continue it,
Speaker 1: which is not on the cards at the moment, but.
Speaker 3: I think that anyone safe Steve for now.
Speaker 1: Yeah, like I like Steve for now. He's in the
Speaker 1: good books. But if we decided to part ways, we
Speaker 1: both have the ability to continue to earn good income.
Speaker 1: I'm not compromised because I took you time to be
Speaker 1: a stay at home mum or like you know, made
Speaker 1: sacrifices for his career to flourish, like he has a
Speaker 1: solid career and so do I. So a lot of
Speaker 1: that conversation I think needs to come into joint assets,
Speaker 1: like you know, if you're staying at home, making a
Speaker 1: lot of sacrifices to put someone else's career first, Like
Speaker 1: I don't want it to be in one name. I
Speaker 1: have an individual share portfolio that's in my name because
Speaker 1: I established it before I even met Steve, and while
Speaker 1: we're in that dating and like early lifestyle, as before
Speaker 1: we were married, I was still investing into that. We
Speaker 1: also have an investment portfolio that we own jointly, but
Speaker 1: we own it insider trust. And the reason we own
Speaker 1: it insider trust is because, and I'm just being really honest,
Speaker 1: I know that I have a lot of privilege and
Speaker 1: I am very grateful for it. But I also need
Speaker 1: to point out I did work really hard for this,
Speaker 1: so I don't want to be shy that I've been successful.
Speaker 3: Yeah, there is a thing out there, and it's called
Speaker 3: living in reality. I think I live in it. Most days.
Speaker 3: You're allowed to work hard and be successful.
Speaker 1: Yeah, And I don't not of the detriment to others.
Speaker 1: Absolutely not. And that's why I'm proud of what I
Speaker 1: do every day, because my success has come from bringing
Speaker 1: other people up. But we also own an investment property.
Speaker 1: So inside our trust at the moment, which we established
Speaker 1: when we decided to, you know, kind of invest a
Speaker 1: bit more aggressively for our futures, is an investment property
Speaker 1: and a share portfolio. And obviously every year those profits,
Speaker 1: if there are profits, get distributed to us and you know,
Speaker 1: we can reinvest and whatnot. And the reason for that
Speaker 1: is literally, because of historicals, there was no point me
Speaker 1: selling down my share portfolio to invest it into the
Speaker 1: trust because there would have been capital gains issues tax
Speaker 1: issues whatnot. I have stopped contributing to that portfolio unless
Speaker 1: it's like that portfolio holds the stuff that I like
Speaker 1: to have fun with.
Speaker 3: That's a side quest.
Speaker 1: Yeah, that's side adventure. But then inside our trust, the
Speaker 1: share portfolio that we have has a consistent the investment
Speaker 1: that goes into it in both of our names, and
Speaker 1: it is a joint asset and for us that works,
Speaker 1: so I think, and you would know this already. But
Speaker 1: the decision made there was a tax decision to hold
Speaker 1: it inside a trust because I am a high income
Speaker 1: earner and it's my husband position.
Speaker 3: And I will say, family call will pierce any corporate veil.
Speaker 3: So if there is a family court property dispute, they'll
Speaker 3: open that trust right up. It's not protected.
Speaker 1: It's not protected a way.
Speaker 3: Yeah, so I think your comments I would agree with.
Speaker 3: And when you started talking, I've got a bit nervous.
Speaker 3: And then you said the T word trust.
Speaker 1: You got nervous because I just own stuff in my
Speaker 1: personal name. You're like, what is she doing?
Speaker 3: I got a bit nervous. My personal view is I
Speaker 3: don't think there's great benefit holding a joint investment account. However,
Speaker 3: it's technically for both of you not because it's owned
Speaker 3: by the trust that your beneficiaries. So if we move
Speaker 3: that aside. If you're not a self employed person, if
Speaker 3: you do not have a trust, and most people most
Speaker 3: of the time don't need a trust.
Speaker 1: That is a shiny, fancy thing that essentially tells you
Speaker 1: that I own a significant amount of money and you're
Speaker 1: self employed. I think it's important to be transparent with
Speaker 1: you guys about that. I don't take it for granted
Speaker 1: any day of the week. And do you know what
Speaker 1: if it could be gone tomorrow, like I might lose
Speaker 1: literally everything, and that is okay, but that's the risk
Speaker 1: you take as a business owner. I don't want to
Speaker 1: say that with the expectation that you then go, oh,
Speaker 1: my goodness, Victoria has a trust with her husband and
Speaker 1: that's what I should do, because that strategy might not fit,
Speaker 1: and nine times out of ten it won't fit.
Speaker 3: I wouldn't in my own personal life have a joint
Speaker 3: account with a spouse or partner in terms of shares
Speaker 3: because the issue is there's really no flexibility, and particularly
Speaker 3: the state planning, I'd have to fact check myself it's
Speaker 3: one or the other. When you set up a joint
Speaker 3: brokerage account, you need to check with the brokerage to
Speaker 3: work out whether by default it's tenants in common or
Speaker 3: joint tenants. So that means if you die, you need
Speaker 3: to just check if there is a joint share brokerage account,
Speaker 3: whether the registry say that one half goes to the
Speaker 3: state of the deceased or one half goes to the
Speaker 3: surviving person automatically, So check that. The reason also why
Speaker 3: I don't love joint share accounts. There's a philosophical side
Speaker 3: to this which I can get to. With the lack
Speaker 3: of flexibility. If two people have a genuine alternate risk profile,
Speaker 3: it just gets a bit more confusing. If there is
Speaker 3: a separation and we did need to sever the assets, well,
Speaker 3: one sale lands on both people's tax return. There's just
Speaker 3: less flexibility. I went into it in great detail in
Speaker 3: the investing book that I think I was talking about
Speaker 3: last time. I think when it comes to money in
Speaker 3: investing your own share accounts, it's fine if there is
Speaker 3: a broader discussion in your household. I actually put in
Speaker 3: my Facebook group a couple of weeks ago, does anyone
Speaker 3: want to come on the podcast and debate me on
Speaker 3: something that they disagree with me.
Speaker 1: I don't know what I could come on the podcast
Speaker 1: and disagree with you from my version of me.
Speaker 3: Yeah, and it's philosophical. In your household, do you share
Speaker 3: money or have you got separate finances. I'm of the
Speaker 3: personal view that the law says, if we're in a
Speaker 3: de facto relationship over eighteen months, and whether there's one
Speaker 3: hundred thousand dollars, ten thousand dollars, if it's in joint names,
Speaker 3: it's either. If it's in separate accounts, it's either. However,
Speaker 3: there is a carve out my own view is, and
Speaker 3: this is a tea for the debate I'll have with
Speaker 3: my awesome listener. She's coming on to debate me because
Speaker 3: she thinks couples should keep their money separate.
Speaker 1: And like fully separate, never together.
Speaker 3: Yeah. I would agree on the principle, and the debate
Speaker 3: will be that there's no current record of any DV
Speaker 3: or anything like that.
Speaker 1: Oh yeah, no, no, no.
Speaker 3: However, I think is best practice if the law says
Speaker 3: you both own everything equal, practically, I think we need
Speaker 3: to have our own emergency funds in our own names. Okay,
Speaker 3: about how little escape money, and that's awesome, but I'm
Speaker 3: talking day to day.
Speaker 1: Yes, Steve and I have our incomes come into one
Speaker 1: account together and we share everything. Like there's never a
Speaker 1: conversation of his pay versus my pay, Like we're always
Speaker 1: talking how income over time that has ebbed and flowed.
Speaker 1: There have been periods of our you know, shared life
Speaker 1: where we've shared and he's earnt more than me, and
Speaker 1: then years where I've earned more than him, and I
Speaker 1: can't tell you when that's happened because it comes into
Speaker 1: the one account and then we deal with life. But
Speaker 1: we have always had our own spending accounts, We've always
Speaker 1: had our own savings, like to the side, so that
Speaker 1: that is kind of like a form of protection because
Speaker 1: we know that fifty percent of marriages ended divorce, right,
Speaker 1: So even though it's not very sexy and not very
Speaker 1: very valanty and we don't want it, Yeah, we don't
Speaker 1: want to talk about it, like we actually have to
Speaker 1: have these conversations because fifty percent of marriages end in divorce.
Speaker 1: The other fifty percent, Glenn, end in death, which is
Speaker 1: why we need to talk about binding financial agreements. And
Speaker 1: then on the flip side, we need to talk about
Speaker 1: a state planning. So if you're not talking about either
Speaker 1: of those. You're going to at some point, irrespective of
Speaker 1: whether your relationship is successful or it doesn't work out,
Speaker 1: you're going to have issues if you don't have that
Speaker 1: documentation in place.
Speaker 3: I totally agree, And this is where you know nuance
Speaker 3: is the first casualty of a face bok comment.
Speaker 1: But you didn't take the whole situation into consideration, and
Speaker 1: it would have been much bigger than the Facebook comment
Speaker 1: would have allowed it.
Speaker 3: Yeah, and that's why I want to unpack it with
Speaker 3: my listener when she debates me on it, because I think, yeah,
Speaker 3: business as usual day to day, we need to make
Speaker 3: the view. Are we married or are we de facto?
Speaker 3: Are we doing life together?
Speaker 2: Yeah?
Speaker 3: If the answer is yes, This why I'm getting someone
Speaker 3: on to debate me. I'm sleeping just as well tonight.
Speaker 3: If people disagree with me, awesome, I might learn something.
Speaker 3: They can disagree with me and sleep just as well. Awesome.
Speaker 3: We can all get along. I just like debating these ideas.
Speaker 3: So I think the debate is if we agree that
Speaker 3: we're doing this as a team together, the business as
Speaker 3: usual rent, electricity bill, groceries, whatever, who cares. Let's have
Speaker 3: a joint account let's have our own individual splurge little
Speaker 3: fund money accounts. Awesome, but I think one hundred percent
Speaker 3: we need our own emergency savings in our own account.
Speaker 3: But back to the share question, and it's just a
Speaker 3: little bit more nuanced and annoying to have a joint
Speaker 3: brokerage account. Yeah, joint property, it's easy. There's one asset,
Speaker 3: we're selling it or not, yes or no. It just
Speaker 3: can be a bit more complex. So I'm not a
Speaker 3: fan of joint investing accounts. The trust layer basically says
Speaker 3: the trust owns the account and the income can be
Speaker 3: distributed each year to wherever it needs the land. That's
Speaker 3: all good, But I think we're on the same page there.
Speaker 1: I agree, and I think it's one of those things.
Speaker 1: When I was a financial advisor, it was definitely a
Speaker 1: school of not owning joint assets and setting up maybe
Speaker 1: two share portfolios, even though we had a little bit
Speaker 1: more brokerage. It would mean that there was structure. If
Speaker 1: someone wantly, we didn't actually have to sell our sets.
Speaker 1: You kind of just went your own way. And I'm
Speaker 1: very much a risk averse person as much as I'm
Speaker 1: like I would say, a very high risk investor. I'm
Speaker 1: very risk averse because I just don't want there to
Speaker 1: be negative impact on people, and like you see it
Speaker 1: in lots of situations where they're like we had to
Speaker 1: sell the house because the other person couldn't afford to
Speaker 1: buy out, and so therefore we both lost. Like I
Speaker 1: just want there to be amicability where possible.
Speaker 3: And that's the thing, like if you hear all this
Speaker 3: stuff and you have separate finances and live together and
Speaker 3: I pay for rent.
Speaker 1: Because there's actually no one size fits all, do it. Yeah,
Speaker 1: we're talking about Glenn.
Speaker 3: I'm not going to do it. And this is just
Speaker 3: my view, and it's worth what everyone.
Speaker 1: Paid for it, yeah, which is millions trillions even. All right, Glenn,
Speaker 1: let's go to a really quick break because this has
Speaker 1: been good, but I really want to pivot into talking
Speaker 1: about Chemist Warehouse and what's going on there, so guys
Speaker 1: don't go anywhere. All right, Glenn, we are back, and
Speaker 1: I feel like we've been having a very good conversation
Speaker 1: about investing and philosophy and sharing money and sharing assets,
Speaker 1: and it's been I think a lot of fun. We
Speaker 1: haven't answered that many questions, so you're going to have
Speaker 1: to come back again. I'm sorry, but we did have
Speaker 1: a community member ask us about Chemist Warehouse, especially with
Speaker 1: all of the hype that has been surrounding that business
Speaker 1: at the moment. Obviously, we can't say whether someone should
Speaker 1: invest in it or not, but I want to know
Speaker 1: from your perspective, Glenn, what makes a company like this
Speaker 1: interesting from an investment opportunity perspective.
Speaker 3: Yeah, so most people would own Chemist Warehouse now because
Speaker 3: Sigma Healthcare basically hate them, et them, which was interesting
Speaker 3: because Chemists Warehouse was the bigger.
Speaker 1: Company tried to eat them.
Speaker 3: Yeah, but Sigma they do a lot of over the
Speaker 3: counter medications, medical supplies. They own like Amcow, Guardian Pharmacy,
Speaker 3: Distant Drugs.
Speaker 1: They are a relatively big dog, but you don't know
Speaker 1: who they are because they are not called Amcow.
Speaker 3: That's right. So basically Chemists ware House, and I think
Speaker 3: it's just important before we talk about the investing opportunity
Speaker 3: is just to step back. You know, they were valued
Speaker 3: at about ten billion Australian before the.
Speaker 1: Merger, just a few dollars where.
Speaker 3: Sigma was worth about a one hundred million, so ten times.
Speaker 3: It's an interesting world. In the pharmacy world. We know
Speaker 3: that Woolworths can't open a pharmacy. Coles can't open a
Speaker 3: pharmacy within the stores, which I think is good. But
Speaker 3: Chemists ware House, like, you go in there, you can
Speaker 3: buy literally everything but fresh produce. It's like full on,
Speaker 3: like the Priceline and all that.
Speaker 1: So do you have the little fridges for your probiotics
Speaker 1: so that they're getting close?
Speaker 3: Yeah, So I'm not really saying much here other than
Speaker 3: Chemists Warehouse, it's a retail store. They do chemistry things.
Speaker 1: Like they do chemistry things.
Speaker 3: But the investing thing, I think what we need to
Speaker 3: look at, and I don't play in the weeds of
Speaker 3: individual stocks. I would say, if you do the investing
Speaker 3: master class, you will talk conceptually about individual stocks. You'll
Speaker 3: learn potentially how to value individual stocks. There are a
Speaker 3: lot of free websites that will give a rating to
Speaker 3: individual companies, whether they think they're overvalued and they're rationale,
Speaker 3: whether they're worth a buy or not. But I will say,
Speaker 3: and this is just what I do. I don't have
Speaker 3: more than ten percent of my equity portfolio in individual
Speaker 3: stocks because I want to buy the market. I don't
Speaker 3: want to try and pick winners. But if you are
Speaker 3: interested in the story, you look into it, you might
Speaker 3: shop there, and just because you shop there, it doesn't
Speaker 3: mean it's a good investment. I mean there's a bank
Speaker 3: that I bank with where it's actually a dog of
Speaker 3: a bank compared to the one down the road. As
Speaker 3: an investment, so I buy shares in the one down
Speaker 3: the road and I bank with the other one. So
Speaker 3: we have to disconnect that. But if you're like, I
Speaker 3: love this story, I want to buy into Sigma. The
Speaker 3: chemist thing, it's a very interesting sector when you look
Speaker 3: at it, and if you've met any small businesses. Most
Speaker 3: pharmacies are small business owners and licensees and whatnot. It's
Speaker 3: an interesting industry and they are a genuine disruptor. Like
Speaker 3: medication that I takes like half price from chemists ware house.
Speaker 1: It's actually a really solid business.
Speaker 3: Yeah, but they've just taken the view we'll obviously get
Speaker 3: scale by buying the medications, probably not making much on them,
Speaker 3: but will sell the other vitamins, makeup deodorants. Yeah, I
Speaker 3: get my goat soap there, all that stuff. So the
Speaker 3: investment question is you'll find so much information online. It's
Speaker 3: a list company.
Speaker 1: Do them research, yeah, because it's also probably in the ETFs.
Speaker 1: You're already purchasing.
Speaker 3: Right and it's in your super already, you will have exposure.
Speaker 1: I think it's interesting because a lot of you are
Speaker 1: already going to own Sigma, and you might not have
Speaker 1: paid any attention to Sigma until now, and you're hearing
Speaker 1: a name like chemists Warehouse and you're going, hold on,
Speaker 1: what does that mean? That's a really cool acquisition. And
Speaker 1: the whole purpose of the chemist Warehouse like framework working
Speaker 1: is because it's low cost, high volume. Why everybody I
Speaker 1: know goes down to chemist Warehouse because their medications are
Speaker 1: genuinely cheaper, So you've got people hook line and sinker.
Speaker 1: I'm always buying additional things at chemist Warehouse because I'm
Speaker 1: roaming around the shop. I'm looking around, going what's going
Speaker 1: on while I'm waiting for my buzzer for my antidepressants.
Speaker 3: You know, it is like I do feel it for
Speaker 3: the other self employed small business owners with their community pharmacy.
Speaker 3: That might be another franchise where they literally can't do
Speaker 3: the medication for that cheap.
Speaker 1: And I get that, but I also think that we're
Speaker 1: talking from an investment perspective, and you know, Chemist Warehouse
Speaker 1: does franchise out so there are a lot of small
Speaker 1: business owners who own Chemist Warehouse locations, which is very cool.
Speaker 1: And Chemist Warehouse shareholders now own about eighty five percent
Speaker 1: of the new company, which means that they are majority owners,
Speaker 1: which is kind of attractive, and there's an expectation in
Speaker 1: the market that it's going to then attract and this
Speaker 1: is why it's being talked about a lot attractive, very
Speaker 1: strong investor interest, because people are like, this was a
Speaker 1: privately listed company that we all thought was successful beforehand.
Speaker 1: Now it's got in public because it is very dominant
Speaker 1: in it the pharmaceuticals.
Speaker 3: Every day, a ten billion doll a whale it's private
Speaker 3: gets listed.
Speaker 1: One hundred percent. Like if you've gotten to being that
Speaker 1: size and you have made the conscious decision to list,
Speaker 1: that decision would have been made because there is significant upside.
Speaker 1: They can clearly afford to scale, They can clearly afford
Speaker 1: to even go down to the bank. Because even companies
Speaker 1: like Chemist Warehouse might go down to the bank and
Speaker 1: get a loan to grow their business. They have the
Speaker 1: backing to be able to do that. But when you
Speaker 1: list as a company, it puts significant responsibility back onto
Speaker 1: you as the organization. Do you have a proper board
Speaker 1: which you didn't have an obligation to have before, have
Speaker 1: proper governance, and actually report to shareholders. So there must
Speaker 1: need to be some very significant upside for what was
Speaker 1: privately owned company to list. Yeah, and I think that's
Speaker 1: so excited.
Speaker 3: It's a good liquidity event for the private owners.
Speaker 1: Anyway, they might have said, I just want some cash
Speaker 1: out and the only way I'm getting up.
Speaker 3: Exactly a Melbourne story to start with.
Speaker 1: Yeah, I believe. So all right, let's move off chemist
Speaker 1: warehouse because I know I'm running out of time with you.
Speaker 1: But we also promised that we would talk about tech ETFs,
Speaker 1: and we had a community member ask about investing in
Speaker 1: a tech ETF, but they weren't sure where to start
Speaker 1: because there are so many options out there, Glenn, what
Speaker 1: should we be looking for if we are looking for
Speaker 1: a tech ETF specifically, there are so many options out there.
Speaker 1: I'm going shopping. I've made my decision, I have my product,
Speaker 1: I know what platform I'm investing on, but I looked
Speaker 1: up on I don't know cheress. I typed in tech ETF.
Speaker 1: Heaps of options came up. How am I picking?
Speaker 3: I don't even know if I know the answer that.
Speaker 3: For me, it goes back to why do you want
Speaker 3: a tech etf to start with? Because sometimes it sounds shiny. Yeah,
Speaker 3: we asked these questions. I personally don't own a tech etf.
Speaker 3: Peel Back, the Young had a little bit the S
Speaker 3: and P five hundred. There's a huge tech waiting. You
Speaker 3: look at Nvideo, Microsoft, Apple, All these companies have such
Speaker 3: big waiting.
Speaker 1: Yeah, we're talking about in a video on the podcast
Speaker 1: the other day. I think you don't realize how significant
Speaker 1: it is because they hold such dominance.
Speaker 3: All these big tech companies your Google's, Tesla's, Borderline Tech.
Speaker 3: I've got enough exposure to them.
Speaker 1: We've got tech at home.
Speaker 3: Yeah, like I know, I can't go to bed without tech.
Speaker 3: My mum was saying that today she bought an earth
Speaker 3: sheet where they plug into the wall, it connects to
Speaker 3: the earth of the PowerPoint and you lay under it.
Speaker 1: So anyway, Mum's gone to Lulu tech everywhere.
Speaker 3: Am I right?
Speaker 1: I'm going to be like, excuse me, but what are
Speaker 1: you talking about?
Speaker 3: Earth sheet?
Speaker 1: But sounds like you got scammed from a tisktok video.
Speaker 3: Yeah. So if you do want tech exposure, the good
Speaker 3: thing is most of them will be an index, a
Speaker 3: lot of them will be a Nasdaq index. A lot
Speaker 3: of them will be listed in the US, because most
Speaker 3: of the big tech plays are in the US. And
Speaker 3: if we tie back to the question on fees, you
Speaker 3: could take the view that, Okay, there's three tech ETFs
Speaker 3: and I don't even know because I don't look at
Speaker 3: this stuff enough. I'll make examples up. There's one from
Speaker 3: black Rock, there might be one from Beata Shares. That
Speaker 3: might be one from global X, there might be one
Speaker 3: from State Street. They all have the same tracking on
Speaker 3: the index. You might just go, I want tech exposure.
Speaker 3: I can see the index. I'm just going to go
Speaker 3: the cheapest. But having said that, the cheapest might be
Speaker 3: only a whisker away from the next one up. So again,
Speaker 3: I don't know the answer. Make sure if you want
Speaker 3: some exposure, maybe you see it as a satellite in
Speaker 3: your portfolio. So you might say, Okay, I do want
Speaker 3: some extra tech exposure, but I'm not going to put
Speaker 3: more than ten percent of my portfolio into that because
Speaker 3: you will have overlap. You look at anyone who invested
Speaker 3: in the spaceship app. They got a real lesson about
Speaker 3: diversification and what a single sector tech investment will do
Speaker 3: when the going isn't good.
Speaker 1: Yeah, and tech right now is doing really well, Like
Speaker 1: we're seeing returns of twenty even thirty percent in tech ETF.
Speaker 1: So I feel like that is potentially what is driving
Speaker 1: the interest and the need for a tech ETF because
Speaker 1: you go, the returns are incredible, but that is fleeting.
Speaker 1: Like I always say on the pod, when in doubt,
Speaker 1: zoom out, and when you're not sure about something like,
Speaker 1: let's look at the bigger picture, what's their long term strategy? Like,
Speaker 1: what is your strategy purchasing this ETF You're going to
Speaker 1: be holding it for a long period of time or
Speaker 1: are you going to just like make hey, well the
Speaker 1: sun shining, which I wouldn't recommend, but I would be
Speaker 1: stepping back and picking the research house or the share
Speaker 1: trading platform first. So you mentioned before like Beta shares
Speaker 1: or Vanguard. I'd work out which one of those businesses
Speaker 1: aligns to your values. You might go really love a Vanguard. Fantastic, Glenn,
Speaker 1: I'm so happy for you. Yeah, you like the color
Speaker 1: red cool, Well, let's actually hone it down and then
Speaker 1: just look at their offerings as opposed to every single
Speaker 1: offering on the market, or you might be purchasing a
Speaker 1: tech ETF because obviously purchasing direct shares of an international
Speaker 1: asset is not actually the best idea. Like most people
Speaker 1: aren't going to go by direct shares in Apple because
Speaker 1: there's currency issues, there's a lot of things going on.
Speaker 1: You might want to pick an ETF, but you might
Speaker 1: be looking for a specific waiting so that you can
Speaker 1: say or you can own Apple. I would be looking
Speaker 1: at it that way. There's no best ETF. But I
Speaker 1: could sit down and write a whole blog post or
Speaker 1: to a whole podcast on it, Glenn of like, what
Speaker 1: were the best performing tech ETFs in twenty twenty four.
Speaker 1: But past performance is not a reliable predictor of future performance,
Speaker 1: and therefore it would just be a conversation to have
Speaker 1: to see what happened historically.
Speaker 3: Yeah, and I think it's interesting. Nevertheless, I mean, if
Speaker 3: someone is on the train or going for a walk,
Speaker 3: just pull up Google Now and search Intel share price,
Speaker 3: and just in the top Google chart, click maximum and
Speaker 3: so you'll see in the early two thousands, Intel did
Speaker 3: a lot as and videos kind of currently doing and
Speaker 3: then you'll see it kind of come off. So yeah,
Speaker 3: I don't have huge overexposure to the tech ETFs.
Speaker 1: I feel like this has been fun chat. One last
Speaker 1: question though, I want to know, Glenn, what is one
Speaker 1: investing myth that is currently driving you mad?
Speaker 3: Oh.
Speaker 1: I don't know about you, but I am a tragic
Speaker 1: on TikTok. Like most of my screen time is spent
Speaker 1: on TikTok. And I'll say that, but like, I'm not
Speaker 1: proud of it. I'm just sharing. And the amount of
Speaker 1: investing content I see that, I'm like that is terrible
Speaker 1: with advice and I have to scroll on because I'm
Speaker 1: not going to get in DM comment arguments. But what's
Speaker 1: been annoying Glennie James Race.
Speaker 3: Gosh, I'll just give caution to any type of things
Speaker 3: that you know people are like sell the farm, go
Speaker 3: all in on crypto or bitcoin or get rich asap
Speaker 3: type stuff. Yeah, I think that's probably what annoys me.
Speaker 3: If something worked for one person, it doesn't mean it's
Speaker 3: going to work again, and we can all fall into
Speaker 3: this trap. I picked a winner here doesn't mean I
Speaker 3: can do it again. And if someone's on TikTok going,
Speaker 3: you need to put all your money to bitcoin if
Speaker 3: you want to build your financial future. Absolutely not, Nah,
Speaker 3: maybe have a small allocation here.
Speaker 1: We're not saying it's terrible, but there seems to acentration.
Speaker 3: Less is more. You don't have to over engineer you're
Speaker 3: investing portfolio. You'll make more money from your job and
Speaker 3: your career than you're investing account at the moment, So
Speaker 3: focus on what makes more money in your life and
Speaker 3: you'll be all GTG.
Speaker 1: I like that. We did get a few questions through, actually,
Speaker 1: Glenn that we covered in our last Q and A
Speaker 1: with you, So if you're wondering about things I mentioned earlier,
Speaker 1: So if you've been thinking about chests sponsorship, or investing
Speaker 1: in international markets, or graduating from micro investing platforms to
Speaker 1: big boy platforms, or even we spoke about investing for
Speaker 1: kids last time. I'm going to make sure that that
Speaker 1: episode is linked in the show notes so you can
Speaker 1: check that out and get more Glenny James content. Glenn
Speaker 1: as always, what a pleasure. I'm so grateful to have
Speaker 1: you in my brand new studio.
Speaker 3: I love it, and it feels like a better conversation
Speaker 3: than sitting at that desk.
Speaker 1: I know, I love it. I feel like it's a
Speaker 1: lot more relaxed. I feel more relaxed, like I don't
Speaker 1: leave the studio feeling exhausted anymore.
Speaker 3: This is we're just having a chat. We're not doing
Speaker 3: a podcast. I think that's the difference.
Speaker 1: Yeah, that's much better. All right, Well, thank you for
Speaker 1: your wisdom. For anyone who wants to hear more from
Speaker 1: the Glenn James himself, where can we find you?
Speaker 3: You can search money, money money wherever you're listening to this.
Speaker 3: And I've got to get Von to do MLM episode
Speaker 3: for Mike.
Speaker 1: I cannot wait. We've been talking about this because so long.
Speaker 1: And if you guys think I'm over multi level marketing,
Speaker 1: you're wrong. I just haven't had time.
Speaker 3: We need to get you on my show.
Speaker 1: I'm excited. All right, we are done. But if you've
Speaker 1: been listening to this and you want to get investing,
Speaker 1: my next intake for the Investing master Class is open now.
Speaker 1: Masterclass is going to open its doors and start on
Speaker 1: the first of April, which I'm really excited about. The
Speaker 1: link is going to be in the show notes for that.
Speaker 1: And of course, if you loved this episode, make sure
Speaker 1: that you're following the podcast so you never miss an
Speaker 1: update from us. Hit that subscribe button, leave us a
Speaker 1: review if you're feeling a little bit generous and come
Speaker 1: hang out with us in the She's on the Money
Speaker 1: community on Instagram, because that's where we do all of
Speaker 1: our callouts for questions for episodes just like this. We
Speaker 1: love hearing your questions, so keep them coming, my friends.
Speaker 1: That is it for us, Glenny James, goodbye, happy investing,
Speaker 1: and we'll see you next time. Byebee did buy shared
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