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TCW25: Tom Hanks inspired our new investing strategy! · The Curve

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  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the
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  money, business and stock market tea. Everyone should experience for us at least once
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  in their lives, and Annie shouldn't miss out just because she can't afford it. Help me
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  in. I love the art that you're wearing today. Thanks, I'm channeling very 7T's vibes.
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  Yeah, it's good. It's almost festival-esque. Yeah. This one is going to Glastonbury.
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  Really, really fun. It's been happening here everywhere I go. Yoga, Pilates, walk here
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  on the street. People are like, oh, Glastonbury, that's Glastonbury. Yeah.
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  It looks insane though. It looks so big. I know. So many people. I always thought it was something
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  I wanted to go to. It was always on my list of to-dos. Yeah. But I don't know if I could handle
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  a five-day festival. Have you seen the crowds as well? The crowds at Alton John? I was like,
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  imagine needing to go pee. Oh, you couldn't. You'd crouch down and go on the floor shortly.
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  Yuck. Oh, gosh. That's such a adult. Imagine having to go pee. You're not like, imagine enjoying
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  the music at Alton John when you're like the best artist in the world. You know what I'm saying.
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  So I've got to buy and to pick with you stuff. Oh, gosh. Yeah, what kind of thing? I also hate that
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  saying I've got to bone to pet with you. I don't even get where it comes from. I don't know,
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  maybe it's like when people were so cavemen, woman e-bibes and they had to like pet bones and eat
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  them or something. You know, like I want to pick a bone with you. Let's eat together. Or like,
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  maybe it's like, excuse me. Yeah. And I'm picking your bone. I don't know. Anyway, what is happening?
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  So there's been some money spent on the care card again. Sorry, sorry, Mum from accounts.
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  I love that you're bringing this up in a public forum. No backing away.
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  I don't know what one you're talking about. The other one?
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  Oh, yes. How much was it? 150 bucks. Okay. Yes. So that last weekend, I was sitting at home,
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  I needed a weekend to myself and I had no money to speak but be my social battery was dead.
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  You bought a movie for 150 dollars? Wait, geez. So I made myself nachos. I was watching
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  bridesmaids on the couch by myself and then I decided to reactivate my hinge.
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  Anyway, I was swiping. Oh my god. And then we had through about 15, quite good-looking men,
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  I must say. And then I got a pop-up saying, you must upgrade to keep swiping. And I was like,
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  oh, no, no, no, no, I'm not going to go. I'm going to wear that chick that pays for the app.
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  So I didn't. And then like, I'll go through the movie. I was like, I think maybe I invested my
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  dating line. Oh my god. And then you became that chick that paid $150. Yes, definitely.
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  And I accidentally put it on the curved card. So I'll have to transfer back for that.
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  I was like, Apple was like, surely that's some kind of like laptop charger or something. Oh my god.
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  Dan, I totally could have got that through as well. Yeah, what have been so
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  many of it came through as hinge? $100 for hinge. I would have been like, oh my gosh.
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  I lane. So that slums our accountant. Can you imagine? She messages you as well when there's
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  a random thing. I know. I think what's this? Oh, just telling her to transfer.
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  Yes, yeah. And I'm a bit so funny. Oh my god, that's funny.
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  Anyway, the curve weekly. In any way, finance chat. Yes, you always get like so caught up in
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  other chat. I know. Surprisingly we've got so much to talk about considering we see each
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  time every day. I know. I know. But then you think about people who've been on radio shows or whatever.
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  I mean, hey, missionary, you've been talking by the way, not comparing us to them. I'm saying,
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  wow, okay. But I mean, they've been on a radio show together for 15 years. I mean, how would they
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  have anything to talk about? It's kind of the more you hang out, the more you have to talk about.
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  Maybe we just don't talk when we hang out. Yeah, yeah, yeah, yeah. We'll just say we're productive.
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  So I thought it was good to start with kind of a six month chicken. So we're kind of halfway
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  through the year now, which geez, take half a leaf. And so I thought we kind of do a halfway
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  chicken. Yeah, not with years tracking. Love that. So the ESM P500 is up 14%. So this is sorry,
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  just to clarify. Yeah. So we're talking about when you say it's up 14% is that comparatively
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  to the start of the year. So you're you're taking the price that the market is at today.
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  And you're comparing that to six months ago. So if you're like, if it's this year, then you're
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  comparing it to a year ago, if you're like, you know, this two years, it's two years ago. So you're
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  taking it. Sorry, I'm sick. It's not covered, hopefully. You're taking the price of the market
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  today. And you're comparing it with the end of December. Okay. So the market is up 14%.
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  The ESM P500 is up 14%. Right. So does that mean that if my portfolio is up around 40%.
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  You're out performing the market. Yes. Hold on. Moly. That's quite cool. Depends what you're
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  investing though, because the NASDAQ, which is the more growth focused index. And that's on
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  with lots of tech companies. Lots of tech companies. Yeah. That's up 37% this year. Oh,
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  because I think I had an investor in a few tech companies. But that's incredible considering
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  on a baby investor. Or are we talking about the market? I was incredible. Both were incredible.
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  You and the markets. No, but it's like the fact that the market's up 37% this year. I reckon it's
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  also a chat GBTP, GPT. Well, it's because we had a shock last year. So the markets fell
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  at the end of December. It was, it was struggling. Yeah. It was low. And then now it's rebounded
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  strongly. But I just want to take a second to say for anyone who panics when the market goes down.
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  Exactly. You haven't got to take a chill pill. Unless you need that money, which you shouldn't
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  be investing it really anyway, should you actually need to be taking it out quickly? This is like a
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  bloody roller coaster. Totally. And this is up. It's down. It's down. There's kind of two things I
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  think also from that we can take away from this, because the Australian market is up 2% and the
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  New Zealand markets flat. So you can see the difference between different countries and how they
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  all right. Wait, hold on. So you're saying the US stock market is up 14%. Yeah. The Nasdex up 37.
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  Australia's up to and New Zealand is flat. Crazy to think Australia and New Zealand are kind of
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  just like ho-harm. Yes. And yet the States is absolutely booming. Yeah. But then last year,
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  the US stock market fell a lot and New Zealand Australia didn't do much. So it's kind of,
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  I want to have I want to have a little piece of all the pies around the world. But if some people
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  don't like volatility, then that's when diversification is really good. If I volatility just mean,
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  you know, when prices go up and down. And so does that mean if you were looking at your portfolio,
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  so say you've invested in shares or hatch or whatever online and you've picked a few stocks?
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  It would be quite clever to look at where those stocks or companies are listed, i.e.
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  If it's Microsoft, is that on the Nasdex i.e. One tick for America? Yeah. Is one on the Australian
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  stock exchange i.e. one tick for Australia? Like just having a quick scan over what even
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  invested in what countries those companies are like in terms of the region? Definitely. And it also
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  goes to show like different sectors perform different ways as well. So this is just why
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  your diversification is key. But also the other thing to learn from this is that
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  this is why we talk about, you know, taking that long-term view, you know, not being consumed by what's
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  happening in the day-to-day movements of the markets all the year-to-year movements of the market
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  to take that fire to you. Yeah. Because it's like you would have had a panic attack last year
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  and you'd be celebrating this year. You were just the stress, the financial stress. No one needs it
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  and they're like, we've got enough uncertainties. We're in stress and other parts of our lives.
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  Just leave the stock market beta to go up and down. If you're invested in 2020 and kind of shut your
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  eyes and then woken up today, you'd be like, what happened? Oh, my stocks are up. I don't care.
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  You don't have to. Yeah, you kind of need to put it in there and have a net. Yeah.
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  But still listen to the curve weekly. You see. And still we just can't use our other still learn.
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  There was actually a really good saying that a really great investor once said that I remember and he
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  said, I only invest in companies that I would be happy to go and live on a desert island and come
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  back and be happy to still on. And like over five years. And I was like, that's such a good
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  way to think about it. If you invested your money and then had to go away with desert island,
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  had no idea what was going on, you want to be confident when you come back from that desert
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  island in five, ten years time. So tell Wilson moment. Yeah. If we're Tom Hanks, stranded. I love
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  that. The Wilson strategy. We just coined that up there. I think I know I sound like just a
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  crazy feminist, but I would really love to think of a fine man for that. Yeah, like Willow.
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  Yeah, the Willow strategy. Willow, why is it that? Well, so the Wilson.
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  Yeah, I was like, oh, I got one last thing. What else has been happening in the market?
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  So we've had a bit of noise and stuff going on with Bitcoin. So remember Bitcoin was up at about
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  $64,000 US dollars in November 21. So that was its peak. And I do have you
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  earned a whole bit coin. Yeah. You'd be happy then. But oh, wait, what's it worth now? So then
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  it fell to $16,000. That is so unbelievable. Yeah. Shit. Imagine how gutted you'd be
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  at diversified. Yeah, well, a year later. So it fell to $16,000 a year later in November
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  between the two. And now it's had a resurgence. So it's back up to $31,000. I can't
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  I wish we'd invested more when it was low. Well, that's what I say by low sell high. We do
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  we. I thought we said don't do that. But like if you are. No, but it's just more. Yeah,
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  if you're going, if everyone's panicking, that's kind of when you should be investing.
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  I believe Bitcoin will be around. I don't know what it will look like. I would like us to
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  invest when it's low again. When it has the next like, oh, God, another 10 banks have collapsed.
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  Let's get in there. Oh, no, that's the opposite. And this is why, yes, it had your real
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  resurgence once banks were collapsing. Then it had all that inquiry regulation, the securities
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  and exchange commission from the US was looking at it. There's lots of companies that were being
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  investigated and it fell a bit. But I think the fact that it's up 90% this year just shows
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  its resiliency. And I think this just shows that the scandals they haven't left too much of a
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  dent. And I think it shows, I don't know, I'm I'm becoming more. Oh, she takes while to get on
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  board. But when she gets on board guys, it's been through so much. It's kind of like it's been
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  kicked when it's been down. It keeps coming back up. It's like those games. They just pop up
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  somewhere else. Fuck off. Anyway, that's what I feel like when I think of Bitcoin. Fuck off.
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  Just keep coming back, which shows you know what? Maybe she's on board. She is on board everyone.
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  But yeah, so it's kind of, I think there's a lot of people there saying, I told you so. I knew
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  it would come back. And yeah, I think after everything it's been through, I mean, still very
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  risky investment. But the fact that it's still up 90% this year is quite remarkable. Yeah.
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  And so there's been also a bit of news in the health care space. So we're on tech talk.
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  We are on tech talk when it viral recently. With her. With my interest rates. With interest rates.
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  You're just like, your friends going viral with their skin care and their dating lives.
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  And I'm going viral for interest rates. Whoa, it sums up my life.
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  The next month was like, I can't believe you've told you about, you know, how much you're
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  paying on your mortgage. And it's like, actually quite cool to see people first. Are you being so
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  honest about it? Because I think it means other people have something to compare their own
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  situations to. But technically, we were viral. She also said, isn't tech talk just for dancing?
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  And I was like, oh gosh, stop the boomer. Yeah, I like this. It's a serious year time today.
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  So for those who aren't familiar with tech talk. So there's a craze that has gone viral on tech
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  talk. Well, it's actually a drug and it's a weight loss drug. And I'm going to butcher the name,
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  but it's ozim, ozim pick. And it's actually diabetes medication. But a lot of people on tech talk
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  using it to lose weight or using different varieties of it or
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  drugs that are very similar to help them lose weight. And so people are trying to get this drug.
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  It's gone crazy for uses that it's not actually supposed to be used for. It's only supposed to
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  be for people who type to diabetes. So it's gone. Absolutely bananas. And the company that owns
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  ozim pick is called Nova Nordic Nordisk. Oh my gosh. You really make it. I really
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  yourself. We just call it Nova. Anyway, so it's still on the London Stock Exchange. It's a
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  Denmark company and it's worth about 300 billion dollars. But it's cheaper. It's up 43% of the
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  last 12 months. And this weight loss drug has been one of the game changes for it. It's crazy.
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  And there's a lot of other healthcare companies now trying to race to find a similar
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  come on. So it's probably well, it's yeah, it's just kind of I guess this new space where
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  companies are seeing how interested and how in demand, you know, this weight loss drug is.
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  I know, which is quite scary. If you've got like also, did you get people that was going to make
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  me annoyed? Yeah. Just because I just I'm so sick of being told I need to lose weight or thinking
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  I need to based on what the world tells me is beautiful and actually so sick of it. I mean,
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  I think it is good for people with diabetes like we're taking in the right dosage and the I don't
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  know when things like this go mainstream and are used for what they're not actually supposed to be
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  used for. That's when it gets into trouble. Yeah. But it just goes to show a lot of us could have
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  been sitting there on TikTok seeing this craze and being like, Hey, is that owned by a public
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  elusive company? Can I can I benefit from buying shoes in it? You know, oh my gosh, that's a really
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  good point because there's so many companies that market on TikTok. Totally. Whether it's the
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  random purple toothpaste that apparently doesn't oh my gosh, I see that everywhere.
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  I got marketed this annoying green tea face mask thing on your border and they put it on and it
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  was like, wow, amazing. Like, you know, when people close up on black kids coming out and they
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  like squiggle out, amazing. And I just thought this looks so fun. So I bought it and it arrived
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  and all I see it looks like a fake product. There's not even an ingredients list on it or anything.
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  And I used to put a tiny bit on it didn't even go what it looked like in the ads. And I just
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  thought, what a waste of money. And I wonder how many suckers have bought this as well. But a great
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  idea, look and do it if it actually is doing well. Totally. And if you keep seeing it come up and
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  up like more and more, more people are buying it. It's a craze, you know, that's got a flow into
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  revenue eventually. Totally. So yeah. And so they've made the only three billion dollars off this drug
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  in the first three months of this year. So yeah, it's a lot of money. Yeah, it's a lot of
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  healthcare, other healthcare companies scrambling to try and find, you know, come up with this similar
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  product. So healthcare companies doing particularly well. Also, some people may have seen in the news
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  the coup in Russia. And you might think, how is that related to market's work?
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  So the coup in Russia. Oh gosh. Oh my gosh. I was out with a friend and she got a text
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  from another friend and she was like, oh my gosh, if you see what's happening in Russia.
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  Oh my gosh. So we quickly, we turned on the TV and we were like, oh my gosh. So the fighters
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  that were fighting the Ukraine got pissed off that they weren't being given enough support and
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  resources. So they turned on Russia itself and on Putin and encroached on him and was attacking him
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  and was like, so it was a civil war, civil unrest. So within Russia. So the kind of
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  and so on. Yeah, we're going against Putin. Yes. So it was an uprising, uprising. Any run thought,
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  oh my god, this is the war's over. You know, they're going to get Putin. Anyway, they came to an
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  agreement. It was all a bit of a bit of nothingness. Anyway, it was quite scary because, you know,
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  markets hate uncertainty and what this meant was, oh gosh, are we going to have a similar situation
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  to last time when the war broke out where oil prices spiked that leads to inflation, all of
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  that kind of stuff. So markets are a bit on edge, but it was all kind of a bit of a bit of a
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  nothing. But if this does get worse and, you know, it does lead to Russia restricting oil again,
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  then that can keep inflation high, which means it's just right to get it. Yeah. So I'm like, I just
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  want to get a new story. I'm like, sorry, but it's just like, I'm just so sick of that. I know,
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  but it's so ingrained in the stock market and in companies and in economies, inflation
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  is just right. So it's like, every time I feel like, no, it's fine. I know that you need set.
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  But it's just something to watch. When you're watching the news and you see things like this play out,
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  it's like, okay, shit, are we going to go back to having $140 oil prices? They're at $70 now.
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  You know, are we going to head back to those levels? Because then that's going to impact inflation,
• 17:44
  all of that. So it's just something to be aware of. It hasn't yet, but I thought I'd just pull it
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  out. And lastly, this was quite funny. Oh gosh. So I was like, we have very different sensitive
• 17:54
  people. Yeah. I'm like, how funny we're talking. So Elon Musk and Mark Zuckerberg have called
• 18:01
  for a cage fight. No. An actual one. An actual one. Surely not. There's been tensions building
• 18:07
  between the Tesla CEO, so Elon Musk and the Meta CEO, Mark Zuckerberg. Because Mark Zuckerberg was
• 18:14
  like, you know what, we're going to create a rival social media platform. We're going to make
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  Facebook amazing. And it's going to rival Twitter. And Elon Musk was like, kind of like, okay,
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  cool. Let's see you do it. Kind of thing. And so it got to the point where they're calling each
• 18:30
  other out. And they have challenged each other to a little cage fight. I know. That is definitely a yarn.
• 18:38
  It's all white. I think it's a bit of both. But it happened before years ago. It was two airline
• 18:47
  CEOs, but they did challenge each other to an arm wrestle over something. I can't remember what
• 18:52
  the actual thing was that they were like, what did they do it? And they did it. Yeah. But quite
• 18:57
  funny. Okay. Imagine if UFC got onto this and was like, right, let's get Elon Musk and Mark Zuckerberg
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  in for a cage fight. I'm sorry. Surely Elon would absolutely eat Mark alive. Yeah. I reckon it
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  would be all like cocky. And so he wouldn't train. Whereas Mark would take it real seriously.
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  It was so bright. And then he'd just be like, there's like ripped Connor McGregor type like.
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  Yeah. Yeah. Yeah. It just comes out of nowhere. That's quite funny. He's got like age on his side.
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  He's only 39 and Elon Musk's 51. So natural ability. I'd be backing Elon. Yeah.
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  But determination and like a, you know, over preparation. We're backing up.
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  Quite funny. Can we get tickets if that goes? Oh gosh. I'd love to be there. Yeah. Is that weird?
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  Yeah. That is quite weird, but quite, but quite fun. And lastly, let's finish with it. Would you
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  rather? Okay. Go on. What is it? Would you rather? Love it. Or it already finds it funny.
• 19:54
  I say marry someone that was terrible at sex or marry someone who's terrible with money. Oh,
• 19:59
  terrible with money. Definitely. Really? Yeah. Because I would just take control of that situation.
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  I'd bet my experience. I reckon terrible at sex and I'd be able to teach them how to be good at sex.
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  No, absolutely not. I feel like sex is like an intuition. There needs to be more.
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  You can't learn that. No, how much of a turn off is it when you're like,
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  oh, a bit to the left. A bit to the right. I mean, like I'm all about communication,
• 20:21
  but if someone is terrible, I just way rather be. Okay. Imagine if you could not change them.
• 20:28
  I would still go with bad at money. Imagine being with someone that you are like in debt to your
• 20:34
  eyeballs because they're spending so much money. You can't afford to put your kids through school.
• 20:38
  You can't like all of that. No, I'd take all their cards away from them. I would.
• 20:41
  But you cannot change them. Yeah, I would not allow them to spend money and I would have them
• 20:46
  on strict instructions that like the bank can't let them have access to the money. They'd be
• 20:51
  treated like a 13-year-old child when it came to the bank account. I just feel like it would ruin
• 20:56
  a relationship. So would sex. So would bad sex. I'm so torn.
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  This is like, oh, if you could not change, yeah, actually, imagine terrible sex.
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  I have an open relationship. Yes. I never heard you say that and I never thought I would see
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  the day this. She was like, feel like I'm in trouble. Yeah, I'm in trouble.
• 21:20
  Thank you so much for listening to The Curve Weekly. Make sure you hit the subscribe button
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  week and see you next Monday. Bye. Bye. So yeah, see you next Tuesday. Wow.
• 21:51
  See you next Tuesday. I mean, Monday.
• 21:58
  You