Latest / The Curve / The Beckham Feud, Silver’s Biggest Mood Swing, and The Male Pill…

Transcript

The Beckham Feud, Silver’s Biggest Mood Swing, and The Male Pill… · The Curve

0:01
Welcome to the Curve Weekly, where we read the finance news so that you don't have to.
0:05
I'm Vic Harris, a finance professional, and I've had a career out of making money for
0:08
other people.
0:09
And I'm Sophie Hallwright, an XTV radio producer who was sick and tired of not really knowing
0:13
what was going on or how to invest.
0:15
So we turned our chats into this podcast.
0:17
In today's episode, we talk about the big feud going on in the US and the UK.
0:24
It's the Beckhams versus the Peltzers, and we talk about the exorbitant sum of money
0:29
that Nicola is getting paid by her dad.
0:32
It's outrageous.
0:34
We talk about the crazy ride over the last month of gold and silver,
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and there's actually a friend of ours who, without listening to Vic's advice,
0:40
bought silver at an all-time high.
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So there's lots of investing lessons there.
0:44
We also talk about a new contraceptive pill that's being explored,
0:47
not for women, but for men.
0:50
And this could be maybe the start of an investing trend.
0:54
And there's huge news with SpaceX and Elon Musk's company, basically.
0:59
it's merging with another of his companies and it could make him the first person in the world to
1:03
ever be a trillionaire so we break that down what is it going to mean but before we dive in let's
1:09
have a quick catch-up um i'm looking forward to you being on the side of the world so i know i
1:17
fly in the morning tomorrow morning i know and i'm i'm like sort of ready but i just know i'm
1:24
going to have forgotten something really important.
1:27
I also think it's way more of a bigger deal than it is.
1:30
Like I'm always like, oh, I've got to pick this.
1:31
What if I forget this?
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I'm like, there are shops in New Zealand.
1:34
There is places you can buy stuff if you forget it.
1:37
You know, like it's.
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100%.
1:39
Yeah.
1:40
It's not so much that, that I'm worried about.
1:42
I always pack so badly.
1:45
It's not funny.
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Like for any holiday.
1:47
I remember like it was my parents wedding and they were getting married in Fiji and
1:53
I wore a suit and boots on the plane and my sisters were like, what is happening?
1:59
Didn't you borrow my hoodie or something?
2:01
Yeah, I was honestly, it was the most ridiculous.
2:03
I just never nail the packing.
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But it's not so much that that I'm worried about.
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I can just see something happening, like the passport's missing or like, I don't know.
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I just feel like I need to leave at least half a day for potential disasters to happen
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pre-international flight, you know?
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You don't have my luck though.
2:23
Oh my God, true.
2:24
You actually had something go wrong.
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But you know, that's what emergency funds are for and all of that, you know?
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I just like, I don't, I've sort of, I shared this on the podcast last week
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on our like little mini raising the curve that I put out about my emergency fund and having to
2:39
borrow money from my parents.
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Like I kind of, I just, I've really struggled to use my emergency
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fund.
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It makes me feel so unsafe and I know that that's what it's there for.
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But the idea of using
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it like I've already used about half and I had to then borrow money to fill it up again because I
2:55
was like oh my I noticed my like my psychological panic was quite obvious and it was really down to
3:03
the fact that that was starting to like dwindle it was funny the episode last week where you were
3:10
like Vic's grandma's passed away was that okay to share that I didn't even ask if you're okay with
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me to say that I just sort of assumed it would be all right it's fine it yeah no it's fine it was
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just I had the most random people reach out to me saying I'm so sorry about your grandma
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that's so lovely no but I was like how do you know oh so you didn't realize that I'd set up
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the podcast that's just like is there anything that says Vic doesn't listen to the podcast
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it's so funny I know and I was like thank you um I may have I must have mentioned it to them or
3:44
they you know like New Zealand is a small place I was like they must know someone that knows someone
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and then someone said, I just listened to the podcast and heard.
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And I was like, oh, and then I listened.
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And I was like, I see.
3:54
Me just broadcasting your family news to the whole world.
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You could honestly like bag me out or say something really incriminating
4:00
and I probably wouldn't, the whole world would know before I knew.
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The whole world's not listening, however I wish they were.
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Dream big, dream big, yeah.
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Yeah, yeah, love it, love it.
4:13
Can we talk about the fact that you have one to two drinks
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and lose your voice.
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Like the fact that you sound sick.
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I mean, you've got the most temperamental voice
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of anyone I know.
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Also, who the F gets sick in the middle of summer?
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I'm sorry.
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This is karma for me trying to do this
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back-to-back summer lifestyle.
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Oh my God, it is.
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You know what?
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The world's just like, we'll show you.
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That happened to me last year when I was in New Zealand
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and all of a sudden the London weather was insane.
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It was like I was chasing the clouds.
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You know, someone's like,
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you two are not doing what you're meant to be doing.
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Yeah, I think it's a big F you
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But did you have a massive night?
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Like what's going on with you?
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No, I had a funeral
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Oh my god, yeah, sorry
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So you haven't
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Because like every time I hear you lose your voice
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I'm like, oh, fix had it
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I know, there's definitely times
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There is definitely times
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Where I try to play it off like I haven't
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No, but this time I actually haven't
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Which just makes it worse
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Because I'm like, there was no fun involved
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And now I'm just angry at the world
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Because I hate being sick so much
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But then I kind of lean into it
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With Flower Man
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I'm like, help me
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I was thinking this Vic because we've obviously posted a photo of flower man on our Instagram now
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should we still call him flower man at this point it's like it's pretty obvious who he is you know
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and also what do I do about my new boyfriend you know do I give him a name like he doesn't
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listen to the podcast so he doesn't know that I've talked about him he can just be called
5:37
home mr home mr home oh that's really cute I came downstairs yesterday or the day before
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actually these pants that I'm wearing are his no they're mine oh my god do they look that massive
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I can't see them okay and he was in the kitchen spraying vanish on the the stains that I had and
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like washed them and I just thought marry me you're like the equivalent of like that to a guy
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must be you know housewife energy cooking the most amazing meal or like I mean I don't even
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know what the equivalent was but I just saw it was like the sexiest thing I've ever seen
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I was dating a guy and I'd come out of like a pretty terrible relationship and this
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this new guy that I was dating I was like this light switch just didn't work and I was like oh
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it's just never really worked and then the next time I came over and he came over the light bulb
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and like changed the light bulb just like didn't even need to be asked and I was like and you're
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like my underwear have gone they've just fallen off all my dresses all my oh do you mean what
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I don't know
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I don't agree
6:39
I don't agree
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Where did you go
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With that joke
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Like I need new clothes
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Oh no
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I meant like
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I'm so horny
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My pants have fallen off
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Yeah
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Okay
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I was going more like
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Oh my light bulb's broken
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He bought me a new one
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My dress is broken
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My car is broken
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My
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No no
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Also he could fix a dress
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A broken dress
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I mean getting out the
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Yeah
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Needle and thread
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That'd be pretty impressive
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But acts of service
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Gosh
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They go a long way
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Oh my god
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Any guy listening
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Acts of service
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Even amongst girlfriends or friends, you know, just a friend doing something for you without asking.
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Such a beautiful trait.
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It really is.
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Okay, should we talk about the news?
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Yeah.
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There's some really interesting things happening in the world right now.
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I'm super excited to talk through this.
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Should we start at the bottom?
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Oh, sure.
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And go reverse order?
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Of course.
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Let's do it.
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Okay.
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Oh, stunning.
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Yes.
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This is fascinating.
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and I think Vic when you say point number two make sure you say it in a way where you know
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this is going to be a social piece of content because I wholly F-U-C-K so if you've you must
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so if you've been living under a rock if you've been living under a rock you probably don't
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realize we probably do because I think it's even got to under the rocks is that there is a bit of
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a feud going on between the Beckhams.
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It's a live public family split, isn't it?
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I went to
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like a book club where I had not read the book last weekend.
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And the only thing we spoke about
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for an hour and a half was this.
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And there was one girl there who knew all these details and was just
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absolutely going for it.
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And it was?
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Whose side was she on?
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Oh, 100% the Beckhams.
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The Beckhams are so loved in the UK.
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It's like, don't with them.
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You know, like they have been
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kind of quote unquote royalty in the UK for a very long time.
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Everyone loves them.
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Well, most people love them, just like the royal family.
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And then you've got one son, just like the royal family,
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who has kind of come out and been like very much publicly dissing his parents.
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And I know this is old news, but one bit of news that I found out this week was...
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Say it slowly.
8:49
Say it slowly.
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was that Nicola gets $1 million a month from her father as an allowance.
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Just $1 million in a bank account.
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$12 million a year.
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Like, what would you spend that on?
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I mean, I would be publicly dissing the Beckhams
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if I was getting $1 million into my bank account every month.
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You'd be staying in every hotel every night.
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You would be staying in, like, 10-star hotels.
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Oh, the robes I would be wearing.
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Oh, stunning.
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But like that for her dad is probably not that much because he is, he's a multi-billionaire,
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like multi, multi-million dollar billionaire.
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So he is a lot more wealthy than the Beckhams and he's made a lot of his money through,
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he's a seasoned investor, a very, very famous investor.
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So he's got a lot of money.
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But how does it instill like growing your own wealth and your work ethic and when you're
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just given a million dollars a month?
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But I think this is what a lot of, you know, there's all those studies around there's three generations when it comes to wealth.
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There's the ones who make it.
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Then there's the second.
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They work really hard to protect it.
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And then it's the third generation that kind of like spend it all.
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Yeah, because the first generation that makes it and the second generation sees them make it.
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So they know the hard work.
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So they have more respect.
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Yeah, more respect.
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And then the third generation don't see their grandparents essentially making it.
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So they spend it.
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Yeah.
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oh I just Vic I can't even imagine having being given that much money I mean no one I mean you
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just wouldn't have any motivation to go and make money why would you need to like it's just so if
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I was like honestly I love work and I get so much satisfaction from it and there's like just no way
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I would be working if I was getting a million into my bank account I'd just be doing charity work
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But that's the thing, right?
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You could use that to do something, to do your passion or to do philanthropic work.
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But yeah, I think that the overarching thing here is like wealth here is what's divided these families and what has made, from my understanding, Brooklyn be effectively estranged from his family.
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and I think it just shows that like wealth often exposes existing family tensions rather than
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fixes them and if you haven't set up you know put contracts in place for for marriages or amongst
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or wills like proper wills in terms of passing down wealth or property ownership all of that
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can create so so so much tension and I think this is a really good reminder I know it's from a very
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very wealthy group of families but it's I think it's a really good reminder that wealth transfer
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is becoming much earlier and much more emotional that parents are helping children financially
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much more now and for much longer and so it's really really important to have those kind of
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clear expectations and you know where does the money go just like contracts in place like all
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of that like we've talked about prenups we've talked about wills like this is kind of case in
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point about why that is so important because the Beckhams have around 500 million right everyone
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knows how much money they have but I think that a lot of people probably don't realize how much
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money the Peltz family have because there's a huge difference in the wealth between those families
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which from the outside you would just look and see like they're both really wealthy and they've
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both got heaps but comparatively nelson peltz who's the dad has a net worth of like 1.6 billion
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us dollars yeah which is so much more than 500 million so the the power and balance in terms
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of how much he can pay his daughter or give them is wildly different and it's kind of like the us
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and the british like he's very influential in kind of the us investing scene they're very influential
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probably in the in more in the uk you know sporting and fashion entertainment scene but
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yeah it's just been really interesting to see and and what happened well what i've
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it's funny because obviously everyone's speculating here right but what apparently the beacons did was
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copyright their children's names so if they want to use them on anything you know there's a copyright
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so they either pay a license fee or they buy it off them or whatever there's a contract in place
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so that's why people are saying like brooklyn beckham's hot sauce isn't named brooklyn beckham
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you know because he's not allowed to name it that so yeah there's just like lots of things when you
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become i know but then there's also even like people talking about the fact that the hot sauce
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was actually meant to be david's and then he gave it to brooklyn as the product because he was having
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a history about not having anything or like you know you just i guess so much of this is speculation
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right we don't actually really know what's going on behind closed doors the one thing i can't stop
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thinking about is like if your wife or partner or husband was getting a million dollars in their
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bank account every month what would you I mean I was screenshotting her engagement ring and zooming
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in at the size of it I mean how would you ever compete or buy anything for each other you know
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like no she can buy anything she wants like I wonder if there's a power imbalance even between
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them based on the financials because if she's being kind of bankrolled by her family and he's
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now cut off from his I wonder how that's going to play out from a relationship standpoint because
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I imagine they're so young I imagine if all of this stuff's happening with their family they
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probably don't have I don't know like I just wonder if they have stuff in place between them
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because that's where it gets so messy and that could happen at a much smaller scale as well
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right even if your partner was getting a thousand dollars a month a hundred from their family you
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know and you're getting nothing or you come from a wealthier family than your partners or like yeah
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There's money just, it's so crazy how it influences but also can dictate someone's future but can also motivate them, unmotivate them.
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Like there's so much psychology in money.
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Even just the idea I've got a few friends who own their houses or their parents have bought their houses and their partner.
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And in these two examples, it's heteronormative.
15:01
So the guy is paying rent or, you know, rent money.
15:05
and even that in itself like there's some men that would feel really emasculated by that
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there's some which is I'm by the way not saying is right but if you don't talk about having a leg
15:17
up so for example your parents buy you a house like that's straight up a huge advantage on if
15:22
it is what your partner has how how yeah how do you navigate though it's there's yeah there's so
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much complexity to it and I think it's just about having conversations right like if you're like
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actually, I really don't like it that we are living in the house
15:36
that your parents have bought for you.
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Yeah, maybe it's you find somewhere new.
15:40
Yeah, like, I don't know.
15:41
There's just having a conversation about it rather than it stemming
15:44
into something more frustrating and more systemic and, you know,
15:49
harder to overcome.
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I just think having those conversations and setting up those,
15:54
that pretences, setting up the.
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I know what you mean.
15:57
Like setting up, setting the sort of standard or precedent.
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Foundations.
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Yeah.
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Yeah.
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I also, sorry, this is a side note.
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We can move on from the Beckhams in a second.
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But I didn't realize that Nicola Peltz's family, so like Nelson Peltz, is like a huge Trump supporter.
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Like he's super right winged and like really in bed with politicians.
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And, you know, I mean, like what a powerful kind of scary dynamic, even if you think about for the Beckhams.
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It's no joke.
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like imagine being it's like it's really hard to imagine all of that stuff that came out about
16:31
posh spice do we call it anymore no victoria beckham dancing inappropriately on her son at
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the wedding in front of the family like that you just cannot imagine in what world that would ever
16:41
happen i just would love to be a fly on the wall to know what the heck she is true or not i'm like
16:46
to think there's 500 guests there that have seen that dance and it hasn't gone out you know probably
16:53
leak it i would be saying i'd be like oh god the mum was trying to like pole dance on her son you
16:58
like that would have come out sooner or accidentally airdrop it to someone on the plane and be like oh
17:02
my gosh shit it's quite a good tactic who's gonna trace that back oh yeah it's gone okay
17:11
um but i'm just loving all the memes as well gosh they're funny i know it's actually i don't think
17:15
i'll get sick of this news story if it continues for the next year i really admire how they just
17:20
have gone to ground the beacons your son has blasted you on social media and they have just
17:25
not responded yeah like talk about taking the high road you could get paid so much for a tell-all
17:31
like he's probably writing a book right now i don't know but i don't know i've got this feeling
17:35
like they're gonna make it back to one another i mean maybe i'm being idealistic but i just
17:39
i hope anyway he's so young honestly if they go out and blast him there's it's pretty hard to come
17:45
back from that like they're probably trying to be like love you love you this sucks but love you
17:51
he's like block block block but anyway we'll keep you updated on the Beckham drama yeah yeah yeah
17:57
and try and find the tiniest little financial angle so that we can talk about it stunning
18:01
research there Vic hundred million dollar pocket money very good angle 12 what oh yeah yeah sorry
18:07
monthly yeah sorry annual yeah yeah yeah should we go back to the start or do we go should we
18:12
just keep going up the wrong way of our yeah let's keep going up yeah okay best well best
18:17
yeah best till last oh love it best till last okay the next news item we have is the cost of
18:23
being a woman which i am obsessed with the story always oh i know but i'm also just the headline
18:29
i'm just like well do you know what i saw this thing which we can talk about in more detail
18:34
another time but it was someone doing a video on tiktok or instagram or whatever talking about how
18:40
she looked into surrogacy and it was nearly 200 000 us to pay someone to carry your child i mean
18:48
that's a lot of money you're saving your partner several times if you have more than one kid
18:54
buy me dinner it should just be anyone that gets impregnated and goes through childbirth and labor
19:01
labor instant 200 grand oh no i would have so many children yeah there needs to be some kind
19:05
of financial exchange here because I'm literally putting my body on the line not pregnant don't
19:10
worry maybe it's a side hustle I mean it would be for a lot of people but I think that's the thing
19:14
it's because it's a lot of money well firstly it should be a lot of money because someone's
19:18
putting their body on the line for not their child but secondly it's kind of sad if like that
19:23
is the only option someone has is to like I mean I'm sure it's it's in the same same way that other
19:27
people use their bodies it's like it's their choice they're happy doing it but there'll be
19:31
so many people that can't afford that and therefore can't afford to have children yes
19:35
But also my point is that's a huge cost that is not materialized
19:39
for women that have kids.
19:41
Just kind of love that there's a price tag on it that you can say,
19:44
oh, no, this is how much it would cost if we had to pay for it,
19:47
just so you know.
19:49
If you've had three kids, you owe me $600,000 US, just so you know.
19:53
Just so you know.
19:54
You can set up a payment plan.
19:56
You can do buy now, pay later.
19:59
I'll be charging you interest, just so you know.
20:01
just imagine being like you can't hold your baby until you've paid your last payment
20:05
like you can't you can't you can't visit it sorry you want to touch its toe absolutely don't even
20:10
think about it well you can touch its toe and that's it because that's all you've paid is like
20:14
one tenth of the price you can't kiss it on the cheek sorry you don't own it yet you might think
20:18
buy now pay later you get the goods and then pay for it not in this case you don't not in this case
20:24
and there's interest okay sorry okay yeah so anyway there is a recent study that's been done
20:32
which is the first male contraceptive pill so this is a startup called your choice therapeutics
20:41
it's not a public company so unfortunately we can't invest in it but it is developing a pill
20:46
that is a hormone-free male contraceptive pill and it is essentially designed to stop sperm
20:51
production without messing around with testosterone.
20:54
So this is huge news because until now,
20:59
it's been essentially up to the woman to take contraception.
21:05
Yes, we've got condoms.
21:06
Condoms or vasectomy is really the only choice available to men.
21:11
Whereas we get IUDs, we get contraceptive pills.
21:15
It's so ridiculous when you think about it.
21:16
What's the thing up?
21:18
The urea?
21:19
Oh, the Mirena.
21:20
Yeah, yeah, yeah.
21:21
I've had that.
21:22
And I think what this shows, though, is there's kind of two things that I'm taking away from this.
21:27
It's like, firstly, that science is finally kind of catching up.
21:31
Where we've, you know, there's biotech companies that only tested drugs on men for like so long.
21:37
And we have very different makeups as human beings.
21:41
But science is finally catching up to what women have had to carry alone for so many decades, which is contraception.
21:48
and men are finally starting to show up.
21:51
But the other thing with this is,
21:54
I'm thinking, is this going to be an investing trend?
21:59
There is so much revenue potential here
22:02
if this gets off the ground
22:04
and huge, huge, huge unmet market demand.
22:08
There is nothing like this in the market right now.
22:11
Yes, it depends on the uptake for men.
22:13
I was about to say, what do you think the uptake will be?
22:16
because I think, you know, when the pill came out,
22:19
everyone was like, thank God I can have sex without having a baby, you know?
22:23
And so for women, that was like exciting and it was a no-brainer
22:26
because we didn't want to get pregnant, but we wanted to have sex.
22:29
I just would be really interested to know how many men would consider taking this
22:33
because like, what are the side effects?
22:34
Is there the same amount of side effects as there are for women?
22:37
You know, like, I mean, I genuinely think if the pill side effects were reversed,
22:41
men would not be taking the pill.
22:43
yeah no there is very few side effects because there's no testosterone impact there's very few
22:49
side effects like mood swings low libido weight gain all that kind of stuff that you get when you
22:53
take the pill like either your skin breaks out or it gets better your boobs get bigger or they
22:57
get smaller like you put on weight you lose weight whatever it's like absolutely exhausted or crazy
23:03
or scream at people like I mean honestly there's been some times where I've been on a particular
23:07
pills and it's impacted my mood and personality beyond like scary amounts and I think coming
23:12
back to what you said like in terms of the uptake like birth control pills have been have generated
23:18
about 10 to 20 billion dollars a year for decades in the US and I think we're at a bit of a reckoning
23:26
right now in society there is a coming to kind of like you know the whole me too movement like
23:33
women getting a voice there's also more women in science now probably that are pushing research
23:38
like this but even the financial element right we've got so much more independence like all of
23:42
this kind of leans itself to like, no, actually, why should we be the ones that have to always
23:48
take the contraceptive pill?
23:50
Why can't you step up?
23:52
You know, we've stepped up in terms of being
23:54
financial contributors in the household.
23:56
We've stepped up in the workplace.
23:57
We've stepped up,
23:57
you know, all of that.
23:58
It's like, you can step up too.
24:00
We can actually be equal players in this,
24:03
in this society, you know, when it comes to birth control.
24:06
And like, I don't know,
24:07
I just feel like there's a bit of a reckoning going on and it could be quite game changing,
24:12
but it would be very dependent on the update.
24:14
I'd love to do like a social experiment
24:16
or like some kind of like fox poppy situation.
24:18
And I just ask a bunch of men,
24:20
like, would you take a contraceptive pill?
24:22
I saw this really interesting
24:24
and I don't know if I've already shared this on the podcast.
24:26
I'm sorry if I have, but you know,
24:28
like in nine months,
24:29
a man can impregnate someone every day.
24:32
We can get pregnant once in nine months.
24:34
I mean, sorry, but who needs a contraceptive pill?
24:37
Probably not us.
24:39
It's so bizarre to even think about,
24:40
but I think this is so exciting.
24:42
I think it's quite,
24:43
it's very early stage at the moment,
24:44
but this is like when you hear little things like this and then it might not
24:47
be for another 12 months and then you hear something else and something else.
24:50
And like,
24:51
this is how the GLP-1,
24:53
you know,
24:53
protein started,
24:54
you know,
24:54
the weight loss drugs was that people,
24:57
you know,
24:57
people,
24:58
there was first adopters,
24:59
you know,
24:59
a few companies,
25:00
one company actually came out with it,
25:02
the type of makeup of,
25:03
of the drug.
25:04
And then it got commercialized and then it blew up.
25:06
So this is kind of why we're talking about this is like,
25:09
is this the start of something else in a similar space in a similar vein maybe maybe not but yeah
25:15
so when that protein started being talked about this is before ozempic came out in the same way
25:20
did your ears prick up and think interesting like now it's not necessarily it wasn't a fully
25:26
blown product but you just saw traces of it and thought interesting a weight loss drug that you
25:31
can inject that would be huge and then you know maybe 12 months later ozempic came out yes but i
25:38
didn't invest so that's this is my learning experience now that I am relaying to the
25:43
community is that you know you're not gonna you're not gonna be able to get on the bandwagon for all
25:49
investing trends but when you start getting into the mindset or you learn from ones you missed out
25:54
on and and you try and identify new ones that's when you start learning and then you start mastering
25:59
your craft sharing the learnings for all to benefit from love it vick speaking of glp ones
26:08
oh gosh so the weight loss drugs they are obviously growing massively in popularity
26:14
particularly in the us and it is estimated that airlines are about to save nearly 600
26:22
million in fuel per year because there is less overweight people on flights which means the
26:30
biggest cost to airlines is fuel so cheaper tickets cheaper tickets stop do you think that
26:37
would happen though or would they not just take more profit i can't imagine people reversing how
26:43
much stuff is probably a little a little bit of both right there's probably like oh actually we've
26:48
got a bit of flexibility here with prices we could drop them a little bit because we've saved you
26:52
know a couple of million on fuel but yeah they'd probably just pocket it and make make more profits
26:57
but wild that it's impacting airlines that people are less heavy so therefore they have to carry
27:03
less fuel i'm like oh my god i would never ever ever have thought it would get this far
27:09
like which makes me sit here and think okay how far could it go there's so there must be so many
27:15
industries that are positively benefited from there being less obese people in the world but
27:21
there must also on the flip side be a lot of businesses that are not going to be as profitable
27:25
because there's less obese people in the world yeah it would be interesting also at some stage
27:30
for us to look at like what industries or companies are being negatively impacted by
27:35
there being less overweight people but also from that so less fuel less oil oh my god and that that
27:44
can impact the cost of oil prices as well right like yeah massive massive demand on oil is dropping
27:51
less carbon emissions less global warming well that's actually amazing okay we're gonna jump
27:59
to gold and silver because oh my gillians up one minute down the next i'm just like i know but it's
28:06
also so interesting to watch what's going on because i remember when we started talking about
28:09
this and you were so clearly nervous about it you were like when things go up like this they've got
28:15
to come down you know and it was I thought it would take longer I mean you'd be so gutted if
28:21
you'd bought stuff in the last little while my friend bought the day before it fell no no I
28:28
warned her I was like honestly she sent it she's like what do you think was it Polly Marcus I've
28:33
just got a feeling was it oh my god it totally was no comment no comment oh my god polly it's so
28:40
funny she is the biggest what is it when you get a tidbit from a finance bro she is she is the hot
28:47
she loves a hot tip she's the person on the other line when when leonardo caprio and wolf of wall
28:53
street is like have i got a deal for you you know she's on the other line so much sign me up
29:00
I'll send you my bank details.
29:02
I know someone who also had invested heaps in silver
29:06
and they'd made 50,000 pounds from it
29:09
and then it dropped by whatever it's dropped by,
29:12
which I'm sure we'll get to in a second.
29:13
So they actually only made half the amount of returns
29:15
that they had originally.
29:17
And it's just so interesting, the psychology.
29:19
They've still doubled their money from silver,
29:21
but they feel like they've lost 25,000 pounds
29:23
because they didn't sell at the top.
29:26
There's so many learnings in this.
29:28
I'm like, I can't keep up, you know, like it's like.
29:30
Okay, let's break it down.
29:31
Let's talk about what's happened, where it was, blah, blah, blah.
29:34
Yeah.
29:35
So gold has been, you know, over the last kind of 12 months,
29:39
gold has gone up and up and up and up and up.
29:42
And it's done fantastically well through 2025.
29:45
And as kind of like a byproduct of that,
29:48
silver in the last month is up, well, was up about 60% in one month.
29:55
So it, and silver has never had a move like this.
29:57
you know usually gold and silver they're commodities they're like an actual metal so
30:02
they don't they're not volatile like stocks and shares you know they shouldn't be going up and
30:07
down and sideways and around around the corner kind of thing like they should be you know just
30:12
stable ish they're a store of wealth not a like a wealth generator if that makes sense
30:18
anyway so yeah silver absolutely shot the lights out last month as a byproduct of gold doing well
30:23
people were like you know what I'm going to jump on you know the next the next metal in line is
30:28
silver I'm probably going to see bronze go up tomorrow or something it had just done fantastically
30:32
well everyone was like oh my gosh and then there's this FOMO trade that starts happening and people
30:36
are like oh it's going up I want to get on it I want to get on it and then literally in one day
30:42
it had fallen 30 percent and just like the learnings never but never invest in something
30:49
because of FOMO.
30:51
God, as soon as you've heard about it
30:53
and everyone's talking about it,
30:54
it's not a good time to invest in something.
30:57
No, and don't stress yourself out
30:58
and think you've missed out.
30:59
Like there is going to be
31:01
so many other opportunities around the corner.
31:03
Like you don't need to try and stress yourself out
31:05
about timing these things right
31:06
and jumping in and out at the right time.
31:08
And like, that's not the aim of the game here
31:10
when we're growing our wealth.
31:12
It is over the long term.
31:13
What's going to do well over the long term?
31:15
Anyway, so when I saw this
31:16
and you literally see this chart go like parabolic,
31:20
like the price of silver has gone parabolic so the likelihood of it coming back down versus going up
31:26
you know the same amount i'm just saying anyway so i was like absolutely not do not touch with
31:30
the barge pole and she was like oh too late too late i've already bought some so i was like if
31:36
anything go and sell your got your silver jewelry like go and sell your silver shares if you had any
31:43
because yes that's that the price is going up but it's also only on paper and like you were just
31:47
saying with that example before it's like everyone we're sitting there going woohoo I've done so well
31:53
maybe some in silver but no no you haven't because that's just on paper you until you actually sell
31:58
that then you haven't made those those gains or you haven't made that profit so and also in terms
32:04
of that drop wasn't it the largest drop that has happened since like the early 1980s like wasn't it
32:11
quite enormous in terms of the magnitude of drop a massive yeah massive massive drop and
32:18
it's all because people are worried the reason that gold and silver have gone up so much is
32:23
because there is a lot of a lot of newly created gold and silver etfs so there's a lot of etfs
32:30
like passive what we call passive money so people just investing in you know a basket of of gold and
32:35
silver funds essentially and then also the central banks so the banks of each country so each bank
32:43
has a kind of like a head honcho bank and they have been buying uh gold and silver as well and
32:50
it's all because there's also global tensions there's you know all this kind of political mess
32:56
going on and those commodities are considered safe havens but when too many people buy them at once
33:03
their prices go a bit out of whack and so do their returns anyway so it's gonna be interesting to see
33:10
what happens but for those of you who missed the silver bandwagon like don't stress yourself out
33:15
because I think this is a really important lesson in investing things go up and down and you don't
33:21
want to be the one buying that last share before it falls yeah it's just oh my god do not be uh
33:31
just be boring invest in the boring stuff it pays off at the end of the day i know no like for
33:36
example even now i'm like oh fun like the idea of buying stuff when it's down to me is exciting and
33:44
i know that that's not a long-term strategy either really because you should just be buying
33:48
consistently over periods of time but but that's better than buying high right you're buying low
33:53
selling high like that's better than buying high and selling low you know like that's
33:59
but it's it's psychology again you know like we all we get excited when everyone's talking
34:05
about something we want in and it's yeah you know whether it is the latest dress the latest movie
34:10
the latest restaurant the latest stock the latest commodity like you want to be included you want to
34:15
be part of society you want to be involved in that conversation and be accepted so you want to invest
34:21
in it but just be the smarter one it's like the warren buffett saying when there's be fearful
34:26
when others are greedy and greedy when others are fearful when everyone is being greedy and
34:31
buying gold and silver like they have been lately that's when you should be fearful yeah which makes
34:36
sense because it's like everyone's piling in there's got to be a big and when everyone's like
34:41
oh screw that i'd never buy that oh that's you know in the toilet or whatever i don't people
34:46
say but then you should be taking that little nugget and going hmm because yeah if we're
34:52
long-term investors there is time for things to turn around yeah and then I guess very high level
34:57
there's been a there's been a lot like a lot of movement going on in the stock market lately
35:02
we've got reporting season as well so there's lots of moves in different companies because
35:06
they're announcing their financial results we had Microsoft down 11 percent but ears pricking up
35:15
ears are pricking up exactly hello hello hello i actually had another friend text me and i love
35:21
that my friends are texting me so good they're like did you see what happened to microsoft i was
35:24
like yeah baby let's buy yeah baby iconic it's probably not the response she was expecting
35:36
yeah we've also had bitcoin falling bitcoins down so in october 2025 it was 124 000 us dollars
35:44
it's now 74 000 oh ears pricking my ears are so pricked out yeah ding ding ding there's so many
35:51
things i need to go shopping for also the oil price oil price is falling this is good for airlines
35:56
again and that's because the tensions in there with the us and iran are easing so oil price
36:01
falling means cheaper petrol means you know people have more disposable income it means it's good for
36:08
airlines cheaper air travel yeah there's been a lot going on so much and disney disney has a new
36:14
ceo no longer bob eiger bob eiger oh my gosh what's happened to him no he's gone we're going
36:21
why i thought he was everyone was so excited when he came in like not even a year ago uh 2022 oh my
36:27
god i've been paying attention for that long three four five stunning yeah he kind of came back as a
36:33
bit of a parachute like a help us yeah yeah and i mean he hasn't really done that well to be honest
36:39
it's the stock still done worse than the s&p 500 but it is now he's now passing the baton to the
36:46
head of uh it's theme parks division hmm yeah which is going really well actually so is this
36:54
positive is this not not too sure i think i think disney's such an interesting one right because
36:59
you've got the streaming platform that's doing really well like the netflix version you know
37:04
disney plus which have you been watching tell me lies oh my goodness literally about to say
37:10
it is so good but so triggering like the most toxic relationship shit you've ever seen i find
37:18
myself screaming at the screen going walk away walk away oh my god i was like standing a hundred
37:24
percent i was standing in this train station trying to download an episode before a train
37:28
was coming and I was like come on download hurry up and then I missed the train but I was like god
37:32
my obsession here it's like so I have such a love-hate relationship with it to the point where
37:36
I'm not sure if I want to continue the season it's so effed up what's happening I can't believe
37:42
they date in real life I'd be so turned off purely by like the character that he plays on his job
37:48
yeah I don't know where I was going now with that you were saying Disney well you're saying the
37:52
streaming platform's actually doing quite well like it's an interesting one because the streaming
37:56
sides does well yeah and then you've got these theme parks which are also doing well and they
38:01
own a lot of property they've got a big property portfolio from the theme parks they own and i
38:06
don't know it's just it's it's been a great business but can it continue to evolve when
38:13
you've got such big giants like netflix you know is that why when bob i came in he couldn't you
38:19
know he didn't have the big hail mary that we thought he would you know because times have
38:23
changed from when Disney was so successful.
38:27
I just feel like if you look at like historic brands,
38:30
like Disney, Disney was huge when we were babies, you know, it was, I think it's evolved pretty
38:34
amazingly.
38:35
Like when Disney Plus first came out, I was like, lame, I'm not getting Disney Plus.
38:40
Three years later, missing my train to download something on Disney Plus, you know, like I think
38:45
they've evolved pretty well.
38:47
I agree.
38:47
I was like, why would I download Disney Plus?
38:49
I don't want
38:49
Finding Nemo and like, you know, Frozen.
38:52
Same.
38:53
I was like, oh, I don't want a cartoon.
38:55
And here we are.
38:56
Oh my God.
38:57
Addicted.
38:57
Yeah.
38:58
You're right.
38:59
And this is like, this is part of investing, right?
39:02
It's like figuring out what are the companies that stand the test of time and have leaders
39:07
that can evolve as times change.
39:09
Yeah.
39:10
And not be the BlackBreeze and the Nokias and the Kodaks of the world.
39:14
Oh, so iconic though.
39:16
Those brands.
39:17
I'm like, oh, nostalgia.
39:18
you i know but kodak came up with the digital camera and shut it down because it would
39:21
cannibalize the business amazon came up with the kindle and got advised not to release it
39:27
because it would cannibalize what their existing business was which was selling books online and
39:33
people were like do not do it do not do it and jeff bezos was like and did it anyway yeah go jeff
39:39
hate to say it but that was a good call okay lastly let's talk about spacex because this
39:42
is really interesting yeah leaving the best till last i don't know i think we've had some
39:47
absolute pullers I was almost thinking let's go back to front always that was so good
39:52
just throw a spanner in there at 7am in the morning for you I know
39:57
I know the dedication to the podcast 7am record I think I've been on pretty good form considering
40:02
don't you think same yeah yeah you have been too for 8pm New Zealand time god I can't wait
40:07
to we're in the same country see you soon I know I know just like not talking to a screen as either
40:13
Oh, yeah, yeah, I know.
40:15
It's so much more fun.
40:16
We also have a beautiful podcast set up to show you.
40:20
Oh, my God, I can't wait to see it.
40:23
I cannot wait.
40:23
We'll do a reveal.
40:24
We'll do a reveal.
40:25
Oh, my God, I can't wait to see it.
40:26
SpaceX.
40:27
So there was rumors last week that SpaceX and Tesla were going to merge.
40:34
So SpaceX is Elon Musk's space company,
40:37
and Tesla is obviously the electric vehicle company that he owns as well.
40:40
He also owns X, which was Twitter that he bought.
40:44
And he also owns XAI, which is an AI company that he's created.
40:49
So he runs and owns four companies.
40:52
These are four massive companies.
40:54
And this has kind of been the grievance with Tesla shareholders for so long is that he's so distracted.
40:59
And then he got into politics and everyone's like, oh, my goodness, can you just focus on, you know, your duty to shareholders and growing shareholder wealth?
41:06
Tell me you have ADHD without telling me you have ADHD.
41:10
tell me of 14 children that you need to provide for without oh my god how does he survive i mean
41:16
it just blows my mind to think there's four giant companies that he runs and owns like what are they
41:21
involving him in you'd have to be so strict with your time i know there would be no like sorry i
41:27
forgot about the meeting but it's also like excuse me what do you what color what color rug should we
41:32
get for the office you know he'd be like yeah absolutely imagine being his wife and being like
41:36
hey, what do you want for dinner?
41:36
He'd be like, I do not have time to think about dinner.
41:38
I don't eat.
41:39
I'm Elon Musk.
41:39
I don't, yeah.
41:41
Yes, so last week there was talk of SpaceX and Tesla merging.
41:44
And Tesla shares went up.
41:46
Everyone was getting really excited.
41:48
But it came out that he is merging SpaceX and XAI.
41:53
So his AI company and his space company.
41:56
And this is all ahead of what is a potential SpaceX IPO this year,
42:03
which will be the second largest IPO ever in the world.
42:07
Oh my God, I would have FOMO with us if I couldn't invest in the IPO.
42:11
So this deal, this SpaceX and XAI deal, which is two private companies,
42:17
combining those businesses creates a business worth $1.25 trillion.
42:23
Oh my God.
42:24
And that means when SpaceX comes to IPO, yes, it'll be the second most largest IPO,
42:30
but it's going to raise about $50 billion.
42:33
To think that money has to come from somewhere, right?
42:35
So people, if they're participating in an IPO,
42:38
so it's great to have a lot of IPOs.
42:40
Sorry, IPOs just mean when companies go from private to public
42:43
so we can buy shares in them.
42:46
When a lot of companies do that, that money has to come.
42:48
Like if I want to invest in this, I might sell some shares in Amazon
42:52
or I might sell some shares in Google or something.
42:56
Interesting.
42:58
When that's on mass or such a big deal, it does kind of suck.
43:03
Resource from other places.
43:05
Yeah, it sucks money from elsewhere.
43:06
So it's just something to be aware of when you do have a big, big, big IPO.
43:11
But Vic, why is he merging them?
43:13
I don't really understand what the XAI and SpaceX,
43:17
how are they going to be compatible or working together?
43:20
Has he talked about what the point behind doing it is?
43:25
The idea is to almost create this universe.
43:28
So there is talk already of data centers, AI in space, you know, AI integrated in space exploration, space commercialization.
43:38
I mean, there's talk that he is going to combine them all eventually.
43:44
Oh my God.
43:45
Oh my God.
43:46
the Tesla vehicles.
43:46
So he's got the electric vehicles and there is a lot of autonomous driving and AI integrated
43:52
into that.
43:53
Then he's got his rocket ships with SpaceX and there is, you know, we probably haven't
43:59
even seen it yet in terms of what AI could do with that.
44:03
He's then got X, which is Twitter, which is what he says he uses to get a lot of the data
44:08
and a lot of the data and machine learning comes from that, which feeds into his AI.
44:14
So it's all kind of interconnected in this weird way.
44:18
And it just kind of scares me a little.
44:20
I mean, also, he must be getting up there to like, you know, is he the richest man in the world already?
44:26
So if SpaceX IPOs at kind of, you know, let's say $1.5 trillion is slightly higher than what it is now, a trillion dollar valuation.
44:36
And Tesla hits its performance targets, which we've kind of spoken about.
44:41
He's got some pretty audacious performance targets and he gets payouts if he achieves those.
44:47
Yes, Elon Musk will be most likely the first ever person to have a trillion dollars in a personal fortune.
44:57
One trillion.
44:58
We've got billionaires.
44:59
We've got millionaires.
45:00
We've got millions of millionaires.
45:02
We do not have any trillionaires on this planet and he could be the first one.
45:07
Oh, the most money in the world sitting with Elon Musk.
45:10
Oh, shit.
45:11
at least a lot of his wealth is tied up in companies rather than in his pocket.
45:15
True, but that also exerts power, right?
45:20
I don't know.
45:20
I feel like, I think the big learning from
45:22
this though, is if we take the dollar values away from it and a trillion, a gazillion, whatever,
45:28
the way that he has generated and grown his wealth is through ownership, like founding
45:35
businesses and having large stakes in them, it's not from having a salaried job and getting a pay
45:42
rise each year and it growing with inflation.
45:46
The way that people generate wealth is through
45:50
owning stakes in businesses or founding businesses and holding onto them for the long term.
45:56
Yeah, I completely agree.
45:57
And I think that the more that we can talk about this, the better,
46:00
because we've sort of touched on it a few times,
46:02
the idea of, yeah, it's not just investing we need to do,
46:05
it's also starting businesses.
46:08
You know, like so many of us don't think of ourselves as investors
46:10
and so many of us don't think of ourselves as business owners,
46:12
but actually to create true wealth you do,
46:15
or, you know, the magnitude of wealth.
46:17
Like it's not going to be from, yeah, your salary that you get from your job.
46:20
You do need to think about how you can zoom out
46:23
and create wealth in different ways
46:25
because it's kind of, it all honestly links back to the idea
46:29
of not being in a meritocracy really anymore.
46:31
Like, yes, there's a heritocracy.
46:33
There's so many different,
46:34
like the way that wealth is created
46:36
and shifted has changed enormously
46:38
in the last 10 years.
46:39
And I agree.
46:40
I think that's such a good learning from this.
46:42
Like there's just absolutely no way
46:43
he would come anywhere close to this
46:45
if he hadn't started four businesses.
46:47
And yes, like Elon Musk for all his sins
46:49
and you can have opinions about him or whatever.
46:52
But we always talk about,
46:55
well, we talk a lot about investing
46:56
in public companies, you know, and buying shares in them.
47:01
But like there is a whole world of
47:03
investing in private companies, which is becoming a lot more accessible.
47:06
And, you know, that is a
47:09
great way to diversify as well.
47:11
You know, investing in say five or six different companies, it might
47:14
be small amounts to begin with.
47:16
And then one of those does really well.
47:18
And then you can sell
47:21
your stake in that and buy in another few companies.
47:23
And that's how you start growing your
47:25
wealth but to get wealth not in the trillions like it'd be nice to have wealth in the trillions but
47:31
even to get i just don't even know i know actually what would you even do with that i mean like
47:36
if you're not single-handedly funding world peace what on earth are you doing with that money
47:42
yeah it'd be quite amazing if that was in the hands of women i think the world would just be
47:48
such a different place 100 like the next contenders in line to be trillionaires is
47:53
Jeff Bezos, Jensen Hung, which is the NVIDIA CEO and founder.
48:00
There's no woman in that list.
48:02
And I just think, yeah, if it was Melinda Gates,
48:05
the world would be a very different place.
48:08
Agreed.
48:09
I loved that, Vic.
48:12
I feel so educated and cool going into the world listening to all of that.
48:18
No, seriously, I was thinking before we were going to this record,
48:21
I was thinking, God, I'm like so grateful that I'm interested in this now.
48:25
Even like there's this magazine that gets delivered to my boyfriend's house and it's
48:30
called The Week and it's got all of this stuff about what's happening in the world and businesses
48:36
and politics and stuff.
48:37
And a couple of years ago, there's just no way that I could have read that or understood
48:41
it or been interested in it.
48:42
And now I'm just like, ugh.
48:43
Like there was this article about AI girlfriends and boyfriends, which we must get to at some
48:48
stage.
48:48
It was crazy.
48:50
no it was literally this guy that he he's he's so in love with his AI girlfriend that they're
48:55
planning on adopting kids together and that he's he's thinking like oh god it might be a little
48:59
bit weird for the kids going to school and talking about mom you know because mom's an AI mother
49:04
it's like holy shit you know but stuff like that like I just would not be able to take part in
49:11
those conversations or read about it or be interested if it wasn't for this podcast so
49:15
thank you loved it for anyone else that's listening who's like oh never thought i'd care
49:20
about the economy or business news send it to your friends it's so important for us to all start
49:26
being more interested in this kind of thing agreed also if you happen to listen and you like the
49:32
podcast can you rate it wherever you're listening because it helps us so much rate it five stars
49:37
yeah you're only allowed to rate if it's five stars okay we'll have a good sleep see you soon
49:42
Oh my God, I'll see you soon.
49:43
So excited.
49:44
I know.
49:44
Can't wait.
49:45
When is our first podcast
49:46
recorded when you're here?
49:47
Next week.
49:48
Can't wait.
49:49
Well, safe travels.
49:49
I hope you don't do
49:50
your emergency fund.
49:51
Same.
49:52
Shit.
49:53
Okay.
49:53
Sleep well.
49:54
Chat soon.
49:54
See ya.
49:55
Thank you so much
49:56
for listening to The Curve Weekly.
49:58
Make sure you hit subscribe
49:59
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50:00
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50:01
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50:02
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50:03
And feel free to leave a comment
50:04
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50:05
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50:05
because we would love your feedback.
50:07
We've got new Curve Weekly episodes
50:09
for you to listen to every Monday.
50:10
But until then,
50:12
Listen to A Raising the Curve.
50:13
These are our in-depth podcast episodes
50:15
where we chat about all things money.
50:16
We're also around all week on socials
50:18
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50:19
and all the links are in this podcast's show notes.
50:21
We hope you have a great week
50:23
and we'll catch you for the next episode
50:24
of the Curve Weekly on Monday.
50:34
Okay, quickly, the Curve was created to empower
50:36
and educate you about investing,
50:37
but we are not financial advisors.
50:40
Our platform exists for educational purposes only,
50:42
and it doesn't provide personalized investing advice
50:44
for your individual needs
50:45
and should not be relied upon
50:46
to make an investment or financial decision.
50:49
And always remember to do your own research
50:51
before making any investment or financial decision.
50:54
We're here for any knowledge and support you need,
50:56
but the final call is always yours.
50:58
And thanks for being here.
50:59
You got this.
51:00
Yeah, we know you got this.