Latest / The Curve / TCW50: Broken planes, bee stings and big old K-holes.

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TCW50: Broken planes, bee stings and big old K-holes. · The Curve

• 0:00
  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the money,
• 0:06
  business and stock market tea. Everyone should experience for us at least once in their lives
• 0:10
  and Annie shouldn't miss out just because she can't afford it. Help me, I'm poor.
• 0:15
  You look like a different human. Do I? Yes, looks back. Bundles of energy.
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  It hasn't been washed in a week. No, no, no, it's not true. I've just like, I actually
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  always do. Got so many positive comments when I slipped it back that time.
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  Oh, I saw that so many deems and everything and I was like, oh gosh, this is going to be a new look
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  for her. Yeah, for sure. I'm absolutely taking it in my stride and this is this is the new Sophie
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  Hall right. The slipped that kind of ball to look. I just hate it. I feel like I'm all face.
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  It's like, whoa, what a bag. I feel like that. Why is it my hair's like this? It's like,
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  it's just my face peeking through. It's like, oh, vicious. So bad that was my face.
• 1:02
  So we like our hair out because it hides our faces. I know. It's really bad. It's pain as well.
• 1:07
  Oh, god. Yeah. Anyway, this is going to be the new look for a while, I think.
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  Nice. So you're back in Auckland. Yeah, I literally got back this afternoon
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  from the retreat. It was, it was hard. It was so hard. I know. You called me. So as you left a
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  voicemail, she's like, I'm exhausted. I'm just going to just sleep this afternoon. It's so
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  exhausting, tiring. I say, but you haven't been talking. I'm so confused at how you're
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  exhausted from not talking and being on a retreat. It kind of was counterintuitive.
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  I know everyone's like, oh, relaxing. I'm like, it's not really what you think. You're like
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  sitting meditating. I mean, in this particular one, you can like do bush walks and stuff. It's
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  like beautiful. The place is called like Tim Watten. It's in the corridor. And it's in all
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  this really dense bush. So you're quite a bit of like free time during the day where you can
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  meditate, but you can also hike or like read or do it anywhere. What if you accidentally tripped
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  over you? Oh, sorry. Oh, oh, yeah. So I did an excitement. I did actually sleep. Yeah, I know.
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  I do know what by the end of it, we were full malthing sentences to each other. We were like,
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  do you want to go for a hike around the water? Sophie Hall, right. It was actually not my part.
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  My friend Stacey's was talking all the time at me that I just started being like, fuck it.
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  It's like COVID. You know, it's like, oh, scroll it. We're in each other's bubble. Let's just
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  hang out. Yeah. Yeah. It was a bit like that. It's kind of, and as soon as I've done it,
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  it was hard to go back to being fully silent or one of the days we were hiking. And then we get
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  this beautiful waterfall. And then one of the guys, I don't know why, but he starts pushing this giant
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  log. Honestly, it would have been like 15 meters, trying to break it, like pushing the end of it,
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  being like, do you know what I mean? Like trying to snap it off basically. It was huge. And
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  it was pushing the end of it, trying to snap it. And I was just standing there watching like 15
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  meters and I was like, oh, let's see it up to it. Oh my god. It didn't fly in your face. It's
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  snapped. And it flew. I'm not actually sure. This is fully serious. It flew. We're like,
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  smacked me and she's so bad. But I gave her over. And I was like, like, because I couldn't talk.
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  And then I was like, if I had been like a random in the bush, I would have been like,
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  what is this group of people on, honestly? Are you allowed phones? Because I saw a photo and I was
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  saying, oh, no, we were hiking because there's shit, but you can get lost like the hiking section
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  hernally. And if you do, you need to be able to like call them as an emergency, be like, hi, pick me up
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  and lost. I also went hiking. And then I got stung by a bee. I've got quite dramatic. All
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  happened. We striped off my shoe, ripped off my sock and was like screaming. And for our
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  man, he's like, what is going on? Have you broken your leg? Have you rolled your ankle? He was
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  panicking. I was just screaming. But you know, when you get, when you cut yourself, you're like,
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  oh, that hurt. And then you start seeing blood and you're like, oh, my god. It was exactly like that.
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  I felt like a little prick. And I was like, oh, that kind of felt like a prickle. And then I saw
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  the bee. And I was like, oh, my god. I've been stung. I've been stung. Anyway, very dramatic.
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  Dramatic start to 2024. Just like the markets have, they've had a pretty dramatic start to 2024.
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  Did you like that segue? Oh, yeah. Well, that was great. Amazing.
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  It was funny. My note. Terrible start to 2024. Stung by bee. The stock market was not.
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  Oh, she's planned. She's really planned. How can I relate my life to the stock market?
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  So the US stock market has had its worst start to the New Year since 2003. So that's almost
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  20 years. So it's the worst start to the year and almost 20 years, which is quite.
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  Yeah. Time to buy some shares. Oh, here she goes. She's learning.
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  She's learning. It's always time to buy shares, but yes, it's about to back a little bit, but it's
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  still being one of the worst starts that we've seen for a long time. And there's been quite a bit
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  going on. And I love that Sophie Hora has literally been living under a rock for the past week. So all
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  of this will be very, very exciting news. I could have completely jazzed you and said that we've
• 5:34
  seen one of the worst financial crisis ever and stock market. Well, 30%. You know, I would literally
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  believe any story is healthy. So does that mean you're gullible or I'm good at lying? You're
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  terrible at lying. I'm really gullible. You're the worst. We're planning to do this podcast
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  record. And so I've been sitting there going, Hey, Vick, so my car tire has just blown up.
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  And I'm going to have to, I might be a bit late. And I was like, if I didn't know Sophie Hora,
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  I would think she was a total con artist. The last time we were supposed to record, she's like,
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  sorry, my plane flew all the way from Morocco to London had to turn back and grant. Like, honestly,
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  what happens in your life is just so entertaining. I know I promise I wasn't.
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  It's a lovely Australian couple who helped me change the tire anyway.
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  Well, Dr. David and Jess, thank you so much. Oh, they were like, don't worry, you can thank us,
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  they're getting us to shout out on the podcast. And they're totally joking. And I was like,
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  don't worry, I definitely won't be mentioning the tire incident. Here we are.
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  Here we are. That would be so stoked. Oh, gosh, cute.
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  Anyway, so speaking of airplanes, there was an incident on a Leskin Airlines flight actually,
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  where the door, the door flew off. I think it was a part of the plane flew off. And
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  why is this problem? That's terrifying. I know. I imagine sitting there, if you did it to do
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  reading your book, putting in your AirPods in and then the door going up.
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  So it was a Boeing 737 MAX airplane. So Boeing is the company that builds aircraft. So you've got
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  Boeing and you've got Airbus. They're two of the biggest Air airplane manufacturers in the world
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  and they dominate the market. They've got what we call a duopoly, which has been two companies
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  dominate the market. And so when you have issues like this, it means, okay, we need to check
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  all Boeing aircraft that are a similar-make model. And so it means grounding a whole lot of
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  Airplanes. And it's just a bad rep because now airlines like in New Zealand, for example,
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  or a contest. All of our planes will be very well intact. Yes, but also they're like,
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  oh, do we buy Boeing aircraft next year? It's a brand that you can fly with. That's not true.
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  It's a time. Sorry, sorry. Yeah. Yeah. And so with only two companies, Airbus must just be
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  sitting there going, yes, this is great for us. And yeah, Boeing's sitting there going, oh,
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  shit, it's more, it's just when it's a safety concern, that's really, really bad for
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  a airline manufacturing company. And you don't get the orders, therefore you don't get
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  revenue, you don't make profit, all of that. But I'm not saying it's getting that bad for Boeing. But
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  investors might be like, oh gosh, does this mean that airlines aren't going to order from them?
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  Does this mean that there's going to be an impact to Boeing's profitability? And so their
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  share price is about 8%. And it's down about 15% this year so far. So they've had a pretty tough run
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  and Airbus its share prices up. So Airbus is definitely gaining share on the back of this
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  little safety issue, which is, yeah, not good. Do you think, though, that the fact that there is
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  only one other competitor in the market, probably a good thing, like there's not that many people
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  that are going to order something like, I've decided to make planes. It's not as though there's
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  so much competition that will be the end of that company, like they'll be able to make a bounce back
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  because yeah. And I hate to say it, but but Airbus will probably have an issue, could be in a couple
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  years, could be five, 10 years time, you know, there'll be something that'll happen with their
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  planes. And then everyone will go back to ordering Boeing aircraft and also there's technology
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  innovations that make Airbus better than Boeing and Boeing better than Airbus and all of that.
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  So yeah, no, it does swing around about differently, but it's not good at the moment for Boeing.
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  But airlines and airline manufacturers, they're not really my jam. I don't really like
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  missing them. If we looked at New Zealand, for example, they in order to grow and increase the
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  number of people they can fly around the world, they have to buy more planes, which costs like
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  millions and millions of dollars, sometimes billions. And then so you've got this massive
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  capital outlay, all this massive amount of money you have to spend to grow. And then you've got
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  oil prices, which is such a big expense and they fluctuate so much and there's such a big
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  expense for airlines. And then you've got pandemics and then you've got recessions where people
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  don't go traveling and then you've got wars that break out and you can't travel in scenarios.
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  Honestly, I feel like the airline industry is just so, anyway, that's my that's my view. People
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  might have different views and might really love investing in the airlines and the airline
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  manufacturers. That's great. But yeah, well, there's also been a bit of action in dating apps.
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  Oh, listen, when I was driving back into Auckland today, I saw a billboard for a dating act that
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  I've never heard of. Oh, that's weird for you. Like woo or something. Anyway, so it's not that.
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  No, no, so remember we spoke about this. I think it was the end of last year or something,
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  but anyway, we spoke about how they're done terribly. So bumble their share prices say IPOs.
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  So when they first went public and issued shares to investors in 2021, their share prices fall
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  in 80%. Yeah, so it's only in a couple of years. So if you invested at IPO at the time when they
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  first listed on the stock exchange, you would have lost 80%. Then match group. So they own hinge,
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  tinder and a few others. Their share prices fall in 60 over 60% since they IPO'd in 2020. So
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  they've had a bit of a tough run. But why are we mentioning this now? So there is a one of the
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  largest activist hedge funds. So by that, I mean, when you're an active investor, you get in there,
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  you try and make changes in the company to improve them, increase their revenue, increase their
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  share price so that your investment does well. So you would buy by a large stake in the company
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  and with the hope of getting a seat on the board, making changes and improving the stock price.
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  So there's a company called Elliott Investment Management and they have done this multiple times.
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  So their whole preface, their whole strategy is to buy large stakes of companies that they think
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  are doing terribly, but could be doing a lot better and put their own expertise in. So in this case,
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  they'll probably put someone on the board, which means that they can have a say in who the CEO is,
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  what the kind of direction of the business is and all of that. So they've bought a billion
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  dollars of stock and match group in the hope of turning it around. So the company itself is only
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  it's a large company. It's valued at 10 billion dollars. So the market cap of that business is 10
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  billion dollars. And it was like 20 billion before it went down 80%. So this one's fallen 60%.
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  So yeah, it's fallen a lot. Yeah. Yeah. So they've bought about 10% of match group. Now the reason
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  this has been announced is that you have to disclose after you own a certain percentage of a business,
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  you have to disclose that publicly. So now everyone's gone, oh, hang on a second.
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  This Alliet Investment Group has got quite a good history and a good track record of turning
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  around businesses. So they're like, oh, they're so they're like, okay, so there's a few investors
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  that are like, okay, if they're in there trying to make changes, because they've got a large
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  stakes, they've got skin in the game now, which sort of talked about before around,
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  you know, if a founder or a CEO has a lot of shares in the company, he's much, he or she is much
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  more driven to turn that business around. It's exactly the same with this company. So they've bought
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  a billion dollars of stock and they're very, very incentivized to turn that around and make that one
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  billion, maybe two billion, maybe three billion and turn around that business. So it's quite a good
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  indication when you see companies like Alliet that have a good track record buying large stakes
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  in business. It doesn't happen, it doesn't work all the time. It's not a guarantee that now if
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  you invest in Match Group, you're going to have a great return, but it does, it is a good indication
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  and we've seen the share price on Match Group has increased 13% on the news. So they've already
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  got, they've already made a pretty good return on their investment already.
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  Oh, match if you have that retention, that's amazing. I know, I imagine if I bought stock and then
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  the share price jumped the big day. One day back, one day. What do you think? I mean, in terms of
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  dating apps, I feel like it's the future of dating. I think most people are going to be using this,
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  but I mean, like the amount of people I hear who have met on dating apps now, and it's not just,
• 14:56
  you know, fuck about these stories, or you know, it's like marriage, but yeah. So I don't know,
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  I'm like, if they can figure out the business strategy side, I think from a social perspective,
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  it's been proven to be a necessity within modern dating, would you say?
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  Yeah, and I think there was a connotation of like, oh, did you guys meet on Tinder?
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  Oh, did you meet on Bumble? Whereas now it's like, no, we met on hinge, we met on Bumble.
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  There is like, it's more normalized, but I also think there is something wrong with
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  their business models because a share price got falling 80% or falling 60% is not good for investors,
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  but it's also not good for the business. And so they need to change that in order to get
• 15:45
  their share price moving in the right direction. But yeah, so it would be interesting to see what they
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  do, I don't know, yeah, but they had a good track record. They actually did, they actually bought
• 15:55
  a large stake in Twitter before Elon Musk bought it and turned around the Twitter share price.
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  So they've got a good track record and Samsung, they did it with Samsung as well. So yeah,
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  it'll be interesting to see what happens. So watch this space. So Elon Musk, uh, honestly,
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  he, I finished his book, which was actually quite fascinating. If anyone is thinking of reading,
• 16:17
  it's actually really good. But anyway, it talks a lot in there about him being unable to sleep and
• 16:22
  how like crazy he is in terms of his, uh, you know, the way he works and his work ethic and all
• 16:28
  of that. But it's now come out that he has been consuming ketamine to, I guess, regulate, I don't
• 16:35
  really know what ketamine does, but in terms of like regulating his, the way he works and all that.
• 16:39
  So ketamine, isn't ketamine more of a trick equalizer though? Like, isn't it used for
• 16:44
  greatest sleep? To probably chill him out. Yeah. Oh, sleep. Yeah. So, but there's, I mean,
• 16:50
  there's been reports that he's used LSD, cocaine, ecstasy, psychedelic mushrooms and now ketamine.
• 16:56
  And so there's a bit of concern that when you're a public figure running a public company,
• 17:00
  like Tesla, he's also the CEO of SpaceX, which creates rockets that go to space. So he's got all
• 17:06
  these massive, nassar contracts. And they're starting to be issues of like, is he fit to be a CEO
• 17:12
  of a public company? Because, yes, you can do what you like in your spare time in terms of being a CEO.
• 17:20
  You know, if you like swimming naked and I don't know, going for naked runs, but yes. So there's
• 17:26
  now that keeps flying in the background. Like the fact that I can see it through this screen,
• 17:32
  I'm like, how big is that? It's there like massive blowflies and there's one trapped.
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  You know, we're in the wilderness down here. So you're so back to roads. You're so down to earth.
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  I know. I know. You know, him and one shoes for days. Yeah, you know, we get a beast and
• 17:48
  doesn't lose his shit. Yeah, you know, naked swims. I don't need names. It's like mum hearing
• 17:55
  that mum and dad like don't. Anyway, okay. So I back to Elon Musk. So yes, anyway, there's been
• 18:05
  issues of people being like, okay, is he fit to be a leader of a public company? And there's
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  nothing to say you can't do this stuff, but it's like when it starts interfering with how you
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  running your running a business. And you know how sporadic he is with his tweets and what he does
• 18:25
  and what he has announced. And it's a bit all over the show that I think they could get a point
• 18:31
  where the board of directors who appoints the CEO could have an issue with him being the CEO of
• 18:37
  Tesla. And he could why he's not SpaceX or is he not the CEO of SpaceX? He is the CEO of SpaceX,
• 18:45
  but that's not a public company. It's a going to be the going to IPO, but yeah, so that's why it's
• 18:51
  always Tesla that's got the issue because that's where he's that Tesla's a public company. And so
• 18:57
  there's a certain standard that you have to have and present and be to be a CEO of a public company
• 19:05
  because you can just get overturned. You can get thrown out because she holds essentially
• 19:09
  own the business at the end of the day and they get to take the decisions of who runs the business.
• 19:13
  So yeah, the more kind of erratic and crazy he is, the closer he's getting to the line of
• 19:20
  think thrown out. Yeah, being thrown out. So it's just something to be aware of and
• 19:25
  yeah, it just leans itself to the share price being all over the show as well with Tesla.
• 19:30
  Would like Tesla, I think, will be successful regardless of who's running it. Like it's
• 19:36
  or is that naive? I personally think he is the driving force of that.
• 19:43
  Yeah, maybe it has got to a stage where it's now such a mainstream
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  manufacturer of electric vehicles and the brand is known. It's got great market share
• 19:55
  at it could hold its own, but if he left as CEO tomorrow, there is no doubt that the share price
• 20:05
  would go down. You know, he has driven their business from day one and that's why I don't,
• 20:11
  I can't imagine them doing that over a tiny bit of ketamine. No, but I think it's a public
• 20:17
  responsibility thing. Yeah, yeah, yeah. I mean, Trump was president if someone that runs a public
• 20:26
  company isn't able to take a bit of cocaine, I'm like, no, sorry, I'm just like, you know,
• 20:32
  I mean, I know, but we will also be really naive, I think, to not think there's a huge amount
• 20:38
  of CEOs and business owners that survive and probably thrive to an extent from a work perspective
• 20:46
  by taking drugs. I would say there's a, I know, like big CEOs who take like it's, I'm not saying
• 20:55
  it's all good, by the way, and of course, they'll come a time where they crash massively,
• 21:00
  but like the people or the companies, oh, sorry, the people, I mean, you can't sustain that kind
• 21:05
  of behavior of course, but what I mean is the people on that board would know that this isn't just
• 21:12
  like an anomaly, oh my god, there's a someone running a public company that's like, imagine the
• 21:19
  stress and the pressure that he would be under and creatively, probably like it helps him and
• 21:25
  ultimately, they're probably just greedy and want the company to make money anyway. So it would
• 21:29
  turn to blind eye most of the time. I think there are any reasons someone would overthrow him,
• 21:33
  would be like a public, if they're like, we can't get away with this anymore, because they would
• 21:40
  want him there regardless of what he's doing. I think it'll be pressure from shareholders being like,
• 21:46
  this is a responsibility. And it would probably come if the share price was falling and kept falling,
• 21:52
  and then shareholders get pissed off, and then they blame the CEO naturally, no matter who it was,
• 21:59
  and then you put the fact on top of it that it's Elon Musk and he's taking ketamine and psychedelic
• 22:06
  mushrooms next to seeing. So it's like, you know, they're like, you know what, let's just cut our
• 22:10
  losses. And but because the share price has done so well, it's hard, it's a harder argument. So
• 22:17
  yeah, but he is a pretty, he's pretty erratic. The fact that he's always in the news, he's always in the
• 22:22
  news. He's kind of the Kanye West of the business world, isn't he? Yeah, I like that.
• 22:28
  Like pretty unpredictable, quite good, like in terms of entertainment, as in the stories that we
• 22:36
  hear about him, like, I hate that I'm fascinated, but I'm fascinated. It's kind of like a little
• 22:42
  of what you're doing. I hate that we're talking about him, but okay, tell me.
• 22:49
  Oh gosh. Okay, and then lastly, Bitcoin has been a bit happening in the Bitcoin space.
• 22:56
  I think people have messaged us about Bitcoin lately. I didn't know things were going on.
• 23:00
  Well, as an I got out of retreat, I had a quick little squirre, and I saw a few Bitcoin messages,
• 23:04
  so what has been happening? On our DM. Oh, go to know, go to know. I will get back to them.
• 23:12
  Ah, so Bitcoin has reached $47,000 for one coin, US dollars that is for one coin this week,
• 23:21
  and it's the first time it's done this since April, 2022. So being a long time since it's been
• 23:27
  this high, still not as high as what it was, but a long time since it's been as high, and it's quite
• 23:31
  a funny reason why I thought I had a little chuckle. So for background context, you can only invest
• 23:38
  in Bitcoin if you set up your own digital wallet and invest through a platform like Coinbase,
• 23:43
  which is what we've got ours through, will you do it through a Bitcoin exchange? You can't invest
• 23:49
  in it through an ETF. So if you think about that as stock sense, say you could invest in a company
• 23:54
  directly by buying a stock, but you couldn't buy an ETF, and an ETF is an exchange traded fund,
• 24:01
  which gives you access to a whole bunch of different companies at once. So you buy
• 24:07
  one share of the ETF, and you get access to 100, 500, however many companies within that fund.
• 24:16
  So with Bitcoin, you can only buy a part of a Bitcoin or a whole Bitcoin.
• 24:22
  Oh, my God. Are they selling to ETFs of cryptocurrencies?
• 24:25
  Yeah. Yeah. So now you'll be able to buy Bitcoin on a stock exchange. So you'll be able to buy
• 24:32
  a Bitcoin by God. So they've been trying to do this for 10 years now, and there was a fake
• 24:41
  tweet that came out this week from the US regulator, so the Security and Exchange Commission,
• 24:49
  so the SEC, which is the big police dog for the market, came out from them saying that
• 24:56
  you can now buy Bitcoin ETFs, and the crowd went wild.
• 25:01
  But how does it come to tweet get out from the East, like who hacked that account?
• 25:06
  I don't know idea. Someone hacked it anyway, but it wasn't a complete hack because it was actually
• 25:12
  true. It just came out way too prematurely. So the SEC came out and said, okay, we have actually
• 25:17
  approved these, and you can now buy Bitcoin ETFs. So I was a marketing employee.
• 25:24
  I 100% recognize it on purpose. What are the chances that someone just happens to hack it at the
• 25:30
  exact same time that you can actually buy them? I reckon it's someone that's got like a memo
• 25:37
  and being like, oh my God, this is big, big news. I'm going to leak this for fun for shits and
• 25:43
  I mean, I'm so cynical about the media now. I wouldn't be surprised if it's like,
• 25:47
  oh my God, a fake tweet, but you can still like, you know, like, well, it works.
• 25:53
  Because the price of Bitcoin jumps. And this was all around the fact that now it's making
• 25:59
  a lot easier for everyday investors to invest in Bitcoin. So you don't have to set up a digital
• 26:06
  wallet. You know, we could literally go on to Shia Zs or any trading platform that we use,
• 26:11
  and buy Bitcoin ETFs. So the digital wallet is kind of redundant. So that case is not important
• 26:17
  anymore. You can still buy them without it. Yeah, if you want to, if you want to buy direct,
• 26:22
  you can still do that way through a digital wallet. And you can buy direct
• 26:26
  percentage or a whole coin. But if you wanted to buy an ETF that invests in Bitcoin or crypto
• 26:33
  currencies, then you can do that as easy as buying a stock now, which is also a bit scary. And
• 26:39
  it's come with a big, big warning from the ECC is like, this is speculative. This is volatile.
• 26:45
  Like, you know, like a big, big warning sign of on this is only for sophisticated investors.
• 26:50
  And that's why it's taken so long to get approved is because they're scared that people are going
• 26:53
  to invest in it that don't know what they're investing in. That's 100%. But it's going to have to know.
• 26:58
  Totally. Yeah. Everyone's got really excited because it's kind of opening up a whole new investor
• 27:03
  to for Bitcoin. Because it's a very entry right? Like, I don't know how you get a digital wallet.
• 27:07
  You did that for me because I just was like, well, you know, so yeah, there's a thin line when
• 27:13
  it comes to investing though. I was making it too easy for people that people that don't know what
• 27:17
  they're doing. Do it. And making it too hard. And people are missing out on on returns. So it's
• 27:23
  kind of, you know, I feel like that's a self responsibility thing. No one's going to go and
• 27:27
  chuck a hundred grand or something. They have no idea what they're doing. And if they are,
• 27:31
  then that's just so silly. But you could say they're about alcohol. You know, let's not have warning
• 27:36
  labels on it. Everyone should know that it's better. But don't you then think that that's the most
• 27:39
  the best example and the fact that alcohol anyone can buy. So like, yes, people abuse it. But
• 27:45
  majority of people don't. So it's kind of like, why would you then ban alcohol?
• 27:49
  But then you have restrictions for under 18 year olds because you know they can't make great
• 27:53
  decisions themselves. And they get carried away. So it's like, okay, let's put some. Yeah. I mean,
• 27:58
  you're putting barriers in place for people that might not make great decisions.
• 28:06
  And so that's kind of I guess what they're doing with not having ETFs. And now they have got ETFs
• 28:11
  on Bitcoin. So I don't know, it just comes with a big warning label of
• 28:15
  be careful. This is volatile. Don't put all your entire life savings into Bitcoin.
• 28:21
  Honestly, if there is anyone that's done that, please contact because I just struggle to imagine
• 28:28
  someone doing that. No, you'd be surprised when things start going up. How much people get
• 28:34
  phomo and just want to invest in it because it's going up and they have no idea what it is, what
• 28:38
  it does. And they just put all their money in there. And then it starts going down and they're like,
• 28:43
  oh, God, what have I done? Oh my God. Can you imagine that feeling? Oh, no. I would way rather
• 28:50
  spread it around some do well, some don't. But hey, I go to bed at night being like, at least I am
• 28:56
  diversified. Oh, yeah. You asked the more I get to know you and your investing approach. And like,
• 29:02
  it kind of even surprised me that you invested all to be honest. Like, you know, like, you're so
• 29:07
  risk-adverse. And it's a wonder that you're the one teaching us. It's a good thing actually,
• 29:13
  because it means that I know how responsible we are and the way you teach people.
• 29:16
  Yes, thank you. So that's all I've got for you. Oh, actually, we have the money reset on sale.
• 29:23
  Today, I'm so excited. I feel like this has been a long time coming since we last
• 29:29
  of the money reset. And we had such good response. It does feel like ages ago, doesn't it?
• 29:34
  It was like such a long time. I feel like so much has happened since June last year.
• 29:38
  How did you find the money reset last time? Oh, it was like, I did find it quite confronting
• 29:44
  some of it, if I'm being totally honest. I think it was a lot of the, like, journaling activities
• 29:49
  and things that were to change your relationship around money I found a lot in a good way.
• 29:56
  And definitely, I think, changing my relationship with money has always been something I've
• 30:00
  been aware I needed to do. Wasn't I set down and did a lot of that work that I was like, oh, wow.
• 30:08
  And I also think hearing everyone else's stories, you're doing it together and hearing everyone's
• 30:14
  different backgrounds of why they're doing it, what financial position they're in, what they want
• 30:20
  to achieve. I kind of gave the sense of like, oh, I know, I'm going to do a gig in this year
• 30:25
  because it's all honesty. I need to get my emergency fund back up. And I also want to figure out
• 30:31
  if I should be paying my student loan off now, like, I need to kind of look at the
• 30:35
  debt section again. Or, yeah, I need to sort of forget that bit out. And then I need to redo my
• 30:43
  saving and budgeting tractor because I just want to see if I can try and invest more this year
• 30:50
  regularly. I'm just starting to feel a bit like, oh, oh, God. I'm only doing 75 a week at the moment.
• 30:55
  And I want to make it minimum 100. So I need to re-shut this stuff a little bit. And I just
• 31:01
  need a refresher. Yeah. And we did it in June last year. It's actually quite nice doing in February
• 31:06
  where you're starting the new year. Like, I need to redo that budget and spending
• 31:10
  checker for this year as well. And just it's a good chicken as well. Because you did it in June.
• 31:16
  It's like, okay, where are you at? What do you need to improve on? And are those goals that you put
• 31:22
  in place still? Oh, my God. My God. Oh, my God. Actually, they're not. I don't think I've
• 31:28
  achieved them, which was really sad. But it's all right. Oh, my God. It's just like,
• 31:35
  no, I was about to blame inflation. It's not inflation.
• 31:40
  Why do you have to blame? Why do you have to blame?
• 31:41
  Why do you have to blame? I'm excited. I'm excited to do it again. I'm feeling like
• 31:51
  really in a good mindset to do it. So the end eight one, the way you've proved, like, I've added
• 31:57
  so much to this one as well from the last one. Well, anyone who's listening who did the last one,
• 32:02
  you can do this again for free. So I mean, you might be like the yearly financial chicken that
• 32:06
  you just do every year, but you've only paid like $29. But it is on sale today. And it starts
• 32:13
  on the first of February. And I'm super excited. Yeah. If you know as many questions or you want to
• 32:18
  know more about it, you will put a link in the show notes. But also you can head to the website
• 32:22
  and find out there's like a full on page there that you can look at all the details and
• 32:27
  etc. I think we didn't even got some cute testimonials from, because we got some really lovely
• 32:33
  messages and emails and videos from people who did it anyway. Okay, yay. Well,
• 32:38
  they can't wait to see you. Well, I see you soon. I'm coming next tomorrow.
• 32:44
  Yeah, I'll be in the office all next week. What are we in office? Where are we working from?
• 32:48
  Harris Tapper. Oh, we are. They're cool. Yeah, I worked there in December.
• 32:52
  Well, Laura messaged me to be like, I'm in the office. I was like, no, I don't think so.
• 32:58
  Good to know. Thank you so much for listening to The Curve Weekly.
• 33:02
  Make sure you hit the subscribe button to stay up to date with all the many business stock market
• 33:06
  news. And if you like what you heard, we would love a review. Thank you. Yes, we would love a
• 33:12
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• 33:17
  seriousness, could you please leave a review? Because it really helps other people find out
• 33:20
  cute little podcast. And we hope you have a good week and see you next Monday. Bye. Bye.
• 33:26
  So yeah, see you next Tuesday. Well,
• 33:31
  see you next Tuesday. I mean Monday.