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RTC20: How to spot investments that go up by 100% · The Curve

• 0:00
  Welcome to Season 2 of Raising the Curve, a conversation for women who want to
• 0:06
  learn more about money, via money. For the future they want to have. The pursuit
• 0:11
  for financial confidence and increasing your wealth should be a simple one. So
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  this is a place for you to learn about investing in finance in a non-scary or
• 0:20
  intimidating way. Thank you for being here and for listening because together we
• 0:25
  really can raise the curve. Vic turned up today in a new outfit which looks great
• 0:31
  by the way but she hadn't taken a tag or she just ended up all around now. Okay okay no one cares
• 0:37
  about our life let's talk about finance and investing. So today we're talking about
• 0:42
  a structural growth industry as a whole and this I remember you saying is kind of
• 0:47
  like a rising tide so it's like having all of the boats on a big wave and by being
• 0:54
  in a structural growth industry unless you're doing something incredibly wrong or you know
• 0:59
  making terrible decisions you're going to be growing naturally because you're on a wave
• 1:04
  that's rising. Do I say that right? Yeah yeah yeah so it's what either boats are on that wave
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  will rise so you really have to stuff up to not be growing in line with the industry. When we
• 1:15
  talk about structural we mean it's a trend that is multi decades or multi-generational it's
• 1:22
  long therefore you can take a long-term view and invest in it and know that you're going to be
• 1:26
  benefiting for multiple years. So it's when we have changes in technology like the streaming
• 1:33
  video on demand or say online payments e-commerce that kind of thing. It's multi-decade trends
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  that are still only a small portion of the overall pie and going to continue to grow.
• 1:46
  That makes sense. Yeah so what would be a few other structural growth industries? So there's
• 1:50
  streaming platforms. Would you say transport, like change in transport in terms of
• 1:56
  uvres, uvres, etc. Is that a long-term structural gap? Yeah yeah yeah. Would it be...
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  I probably think think a bit more a bit bigger like like climate change and reducing carbon
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  emissions and like there is just so many companies that are benefiting from that or a part of that
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  trend. What other massive ones are there? Like health and wellness, I would say. Particularly during
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  COVID everyone really concerned about you know healthy living and being outdoors and all that.
• 2:25
  In all that. In all that. In all that. In all that. Yeah baby boomers, you know that trends
• 2:29
  been going on for ages. What about the new baby boomer? Like the idea of people living babies in
• 2:34
  COVID? Yeah. Is that a new boomer trend? Or my friends are having babies right now. Yes it's
• 2:39
  obviously age and stage but there's a lot of them that we're going to go overseas or we're going to
• 2:43
  get married and that obviously can't happen. So now they're like okay let's just prioritize
• 2:47
  the baby making and we'll do that other stuff later. So that's really... You would have been at
• 2:51
  the start of the structural growth industry at the very start of COVID if you thought this might
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  be going for a while, let's have kids. You know because it was suck if you got to a year into lockdowns
• 3:00
  and then you decided let's have babies because you don't know how much longer that lockdown's going
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  to be. You know all those people who decided the very start. Yeah. Let's just have a baby now.
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  It was funny. I heard one guy say we were talking about this trend and it worked and he was like
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  I think that everyone that's having babies in lockdown does not have kids already in lockdown.
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  Because obviously they don't know how to do this thing baby. He was just like there's no way I would
• 3:24
  be having more children right now because he's already got two and it's just like you're trying
• 3:28
  to be teacher as well as work and it's just a nightmare. I guess the first couple of years in terms
• 3:32
  of newborn baby one one and a half. As you said it gets like two or three image and that would be
• 3:38
  quite hard but if you're getting through those baby baby years during lockdown it's quite amazing
• 3:43
  to be able to have your partner at home as well. That's pretty that's time that people will never
• 3:48
  get again. Yeah I mean it's quite amazing we will look back on this and I often thought about this
• 3:54
  telling our children that the whole world just stopped for a couple months. It's quite incredible
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  really. I would find that so hard to believe pre-COVID if someone had told me that it happened.
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  I mean I don't want to relate it to walk because it's absolutely not completely different
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  but we just can't comprehend. If you have to go to war and fight for your country like that just
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  is so hard to comprehend for us but that's just what they did back in the day and then it's
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  same here it's our children and you know generations to come we'll find it so weird that you could
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  just put a pause button on the whole world no travel no going to work. Such a wig out. Anyway COVID
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  at a site. Yeah we have enough of that. Definitely. So this this this structural trend that we're
• 4:41
  talking about has grown a lot during COVID though yes yes yeah no it definitely has and it comes
• 4:45
  back to one one of your most classic lines of oh no if only you could after pay your house. Oh imagine
• 4:52
  how good would that be just trip away at it on the side. So I think I really want to unpack
• 4:56
  this further which is you're talking about the buy now pay later sector as a whole and how
• 5:02
  it's evolved how it's become quite ingrained in our lives and how as a consumer it's bad
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  like using it you and I get you and I using it and being in debt I think is is not good
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  but then from an investment point of view it's actually it's actually great because it's growing
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  and it's and it's part of the structural growth industry so we'll touch on touch on both things.
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  I guess for those of you who don't know find out pay later as the name suggests you pay for something
• 5:28
  at a retailer you can do it online or in store now and you pay over equal instalments so you get
• 5:34
  the product but you're still paying it off over might be four weeks six weeks but it doesn't cost
• 5:39
  any more to you so if it's at a hundred dollar dress you're going to be paying twenty five dollars
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  of four weeks you're not going to be paying any more than hundred dollars. It's not an interest it's
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  not a lot you're not paying more in the long run and they make money the buy now pay later companies
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  so you're after pay how does the shop yeah so they pay a fee to after pay for example or any of
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  the buy now pay later companies because what they're seeing is increased conversion so if you
• 6:06
  really have to learn to have breakfast before we podcast did you hear that okay I'm just going
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  to have a quick let me just have a bit of my opinion not yet it's only 10 o'clock in the morning
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  yeah so I've done eight breakfast no I'm just yeah well I just I do and normally do
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  intermittent fasting yeah so I don't eat until about deliver but there's some mornings when I
• 6:26
  have a huge dinner with my stomach kind of stretches and then in the morning I get a hungry hungry
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  stomach so sorry about that so I've lost my train of thought now but you were talking about how
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  all of the shops or people who use after pay all let their customers use after pay yeah they pay
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  a fee to be a part of so my sister for example she has her own retail company her tapper yeah
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  beautiful clothes we love shout out and they see huge increased conversion when when they launched
• 6:54
  these buy now pay later companies on their platform so when they introduce the option to pay
• 6:59
  and installments over a set number of weeks you saw people being like oh cool well I
• 7:04
  instead of buying one juice for a hundred dollars I can buy four dresses for a hundred dollars
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  and pay them off over time I think it's a great concept though I know it's not great from a
• 7:14
  customer being in depth standpoint but big ticket items like a beautiful dress from Harris tapper
• 7:19
  yes or really nice sunglasses that you've wanted for ages it's actually your savings take a scary
• 7:25
  hit if you go and drop a few hundred or four hundred dollars on something in one go yeah but if you
• 7:31
  can't afford it you shouldn't be buying it that's a great because you are still spending that amount
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  and when you get this increased conversion of your now but instead of buying one one item you're
• 7:41
  buying four you're actually just buying four times the amount totally you're just you're becoming
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  more in debt and you've still got to pay off that debt before you can invest so it's it's kind of
• 7:49
  what I call unhelpful debt you got helpful debt like a mortgage which helps you grow your wealth
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  and lead to you can lead to significant gains whereas unhelpful debt is debt like this kind of
• 8:00
  day or something you're still paying off I'm reused to once just for interest sake I kind of
• 8:06
  bought I bought I think it was tickets to an event or something I remember four weeks later I was
• 8:10
  like hey what's this money still coming out of my bank account and I was like oh my gosh I still
• 8:14
  am paying that off I think if you can't afford it up front you should be asking yourself do you
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  really need it and obviously for essential things like your medical procedures or something it can
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  be really helpful you can use buy now pay later for yeah so you can use it services yeah that's
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  incredible so you realize that you're this and they're going to introduce it into like travel so
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  you can buy a line I don't know if you could do it at the supermarket and you take all your
• 8:37
  groceries and then you pay it off throughout the way yeah and there's actually really interesting
• 8:41
  companies coming about now as well it's there's one called it's about to IPO and it's called before
• 8:46
  pay and so this is kind of this is this is now like a trend on a trend I just need to own my
• 8:51
  investing list I'm just I'm just using this as an example of of how these industries can be
• 8:56
  really fast moving and there's growth there's a growth in growth and so this is before pay what
• 9:01
  happens is that say you get paid on the 15th day of each month you can actually get your pay
• 9:08
  earlier so that's dangerous yeah so instead of getting say a thousand dollars on the 15th of
• 9:15
  the month every month maybe on the first of the month you're like shit I actually really need to buy
• 9:18
  something can I before pay and I get paid my pay before pay day effectively oh I mean I can
• 9:24
  understand why that would be beneficial for some people yeah but so dangerous because then
• 9:29
  imagine if you're you've got six weeks between I'll totally and you've got to make a smaller amount
• 9:34
  last and it's just all about managing your cash flow you need to have less outgoing and more
• 9:39
  income in order to be able to invest in the first place so if you're spending a lot you just need
• 9:44
  to re-evaluate your your spending habits really and we've said this before is just literally sleep
• 9:49
  on it if you want to buy something stop sleep on it and come back because a lot of decisions are
• 9:55
  made impulsively and you want instant gratification and being millennials gosh I'm guilty of it you
• 10:00
  want something now and that's why after pay has been such a success or any of the the buy now pay
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  later companies because we're in a stage and age is age where we want everything now it's very
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  immediate yeah whereas generations ago they would save up to buy something whereas we want it now
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  there's also a lot around the hype of something a friend of mine was looking out at a buying a
• 10:22
  property and he was explaining to me how options can be really beneficial for the person selling
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  because the hype of people being there and other people wanting it it's like just that emotive
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  competition yeah like if you were planning on spending the X amount but then everyone else wants it
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  well I'll go 200,000 above what I was planning and then you're like oh my god why did I do that
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  I think the buy now pay later in a way it's kind of it's it's capitalizing on that hype of
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  of I want this thing because it's trendy or it's and they all you know it's it's that immediacy rather
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  than and this this this this kind of trend this buy now pay later trend has been well not the buy now
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  pay later itself but lay by lay by what it's been it's been around for you but I remember lay
• 11:06
  buying a pair of dickies dickies dickies love dickies when I was going through my I'm gonna look
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  trying what color were they probably when I was wearing my gloves as well they were orange I got
• 11:17
  orange two were they three quarters they were pretty much because I was so short though are you
• 11:21
  the three-quarter oh the bright orange ones I had them to yeah and my best friend was trying to
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  wear them to the disco and I was like please don't wear them because what we matching oh they're
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  on a dickies a proxy or USA hoodie and gloves that was my stock standard and I remember lay by
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  buying these and I I remember you'd have to go back into the store every couple of weeks and I
• 11:44
  put 20 dollars down and I put another 20 dollars but the shorts would stay at the retailer
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  so you couldn't get them until you paid them off but yeah I think that's quite good you don't
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  have it yet so you're aware that you're still paying it out you're almost saving in a in a sense
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  but you're going to the store and putting it into it's putting money in the piggy bank again
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  but you're you're going to the store and you're paying off this product and I think that's good
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  in a sense that you are paying off installments to get something whereas this you're getting it
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  up front and then you're paying for it later so it's creating the instant gratification and instant
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  need that I want it now and I think that's that can be dangerous if you're very dangerous if you
• 12:23
  were to go to say rhythm and vines or a festival or something and you went to the festival and then
• 12:27
  you paid for your ticket after it yeah you're just like oh but I've already been and now I have to pay
• 12:32
  $400 it's sort of that same thing it's like when a friend text you on like a the following week
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  after a week and then like hey can you translate oh yeah you've already had a good time that
• 12:44
  money's gone it's been to now I've got to fork out for it yeah yeah that's so true
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  on a more positive note from an investment point of view this is such a growing trend and it's
• 12:53
  just gone absolutely bananas and so from an investment point of view I think it's a great trend
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  to invest in yeah kind of contradicts we say don't be a consumer but invest in it it's like
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  from a well it's being clever seeing a trend yeah just because other people are doing it doesn't
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  mean you're saying you should go yeah it's like gambling you can invest in it but don't do it
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  play maybe don't do either of those would you say with the buy now pay later that after pay
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  is starting to become the netflix all the sort of the word that's been used as kind of the
• 13:22
  they've got the first mover advantage so therefore they are the front of mind because for me when
• 13:28
  you've said buy now pay later I just thought after pay that was the first thing that I thought of
• 13:32
  yeah and that's like we said in the previous episodes such a powerful position to be in you
• 13:37
  like just after pay it you're not going to be like just zip pay it just clarner at whatever they
• 13:42
  all the other one so many yeah there's a firm zip pay clarner labor not not labor in the older
• 13:48
  sense but labor the company and so but yeah you do say I'll just after pay it because they've become
• 13:54
  the household name I'm popping that on my list just looking to it's got bought out was that an
• 13:59
  Australian company yes yeah so funny story there do we know them not oh I thought you're going to
• 14:07
  say I dated them not I wish why is he cool young he is young and he's worth fucking billions
• 14:15
  out sorry excuse me not that we are gold that is that is not what we're doing here but he's
• 14:22
  obviously super clever oh totally and I remember this is this is this is a funny story so I
• 14:26
  remember I was in Sydney at the time working for a fund manager and they were IPOing which means
• 14:31
  they were they were coming to market they were listing their shares first the first time to the
• 14:34
  public and so they go around and they go to each fund manager to try and sell their story effectively
• 14:39
  and we had a meeting with this company you'd never heard of after pay and went along didn't
• 14:44
  you ever heard of it at this point no they were not a pretty much non-existent and we sat
• 14:49
  across table and he was so young how old was he like oh my gosh is everyone's listening but um
• 14:55
  he was about 25 and so I was like 27 28 and I was like wow I'm sitting across the table from a
• 15:00
  CEO who's like younger than me and I was just quite mind blowing anyway was he a nice guy
• 15:05
  yeah quite shy yeah like quite like obviously it was like he was arrogant not at all no no no but
• 15:11
  his only past experience that um he had set up a selling jewellery on like a on eBay which is
• 15:16
  yeah so I was kind of already a bit like what's your experience yeah it's already but he's
• 15:20
  isn't it was a new trend so like hang on how does it work so what in that phase in that stage
• 15:26
  you're kind of thinking this sounds a bit is it gonna take off it's pretty pretty high risk
• 15:31
  investment at this stage and so this was probably five years ago and maybe even longer now anyway
• 15:37
  and I came away from that meeting when there's a colleague of mine and we were like we were like
• 15:41
  that sounds like you know such a high risk kind of specky investment that's not that's not
• 15:49
  a best in it and you often ask me what's your biggest investing mistake and you would think it's
• 15:57
  investing something goes down but I think personally my biggest investing mistake is not buying
• 16:04
  after paying not going into the IPO because the issue price they listed at a dollar and their
• 16:10
  share prices is like a hundred and sixteen dollars now in short space of time so if you
• 16:17
  if we'd even invested just ten thousand dollars which for a fund manager's it's not a lot
• 16:21
  but for obviously it would be so like ourselves it's a lot but so say you had invested at IPO
• 16:26
  at or around a dollar and you'd invest in ten thousand dollars you would have you would be sitting
• 16:31
  on at one point one million dollars oh my goodness that's what we call story and that's
• 16:39
  twenty ten thousand dollars it's not as though it's a crazy amount I know I mean it's a lot of
• 16:43
  money but and I guess you know you could lose that ten thousand dollars but to think that one
• 16:48
  investment could have made you a million dollars could have set you up for life and this is this
• 16:52
  these are the investment wow that's such a cool story that people spend their lives looking for
• 16:57
  this is what we call a hundred bagger so it's it's gone up a hundred times hundred bagger all of
• 17:03
  this is such a lame it's like ten baggers or like twenty baggers or this is a hundred bagger and
• 17:08
  a hundred baggers are what can't say with a straight face a hundred bagger now I just imagine
• 17:13
  someone like gathering coins and putting them in giant plastic bags and so this is what investors
• 17:20
  even the most expert highly skilled investors look for because if you can get one of these and you
• 17:25
  just ride it and you don't sell and you make you just you let's set you up and it's either your
• 17:30
  your career solidifying in terms of your performance or as as an investor like us it's your savings
• 17:36
  it's you've you've been set up you've got a million dollars but the key thing here is we we
• 17:41
  hear a lot of these stories and I know people that put in ten thousand doubled their money to
• 17:46
  twenty thousand and took it out because you've doubled your money and you think you know it's
• 17:50
  very hard to hold on to the ride for that long because the more times that you start doubling
• 17:55
  your money the more you start thinking oh my gosh is this the peak should I be holding on for
• 17:59
  that last little bit you know it's it's it's it's it's not as easy as it's people who bought
• 18:02
  Amazon shares at the start and then sold out when they were you know two hundred and now that
• 18:07
  with even more totally and you always hear stories like that but yeah if you can find companies like
• 18:13
  this you just can't just hold on but it doesn't give me a whole lot of hope to think that you didn't
• 18:19
  invest how am I going to spot a trend like that and invest in it well when that's when it comes
• 18:25
  to investing is it's so it's a personal choice it's a personal choice and there was obviously
• 18:29
  people that came away from those meetings going oh my god he's a young guy he's gonna have a large
• 18:36
  share holding in the business he's driven he wants to build a legacy like all those things
• 18:41
  and unfortunately I learned a lot from that I learned a lot what would you say would be the
• 18:49
  takeaway from that would just be I guess not be so judgmental quick to judge yeah yeah or maybe
• 18:56
  maybe I should have done a bit more research around this this by now pay later or maybe just not
• 19:00
  of this it as much you know you don't have to beat the house you could true you could have done
• 19:03
  two grand yeah you could have done a little bit and then as it starts being out being a proven
• 19:08
  concept and you see people use it more than you can add to your investment so you know there's
• 19:13
  you can position your sizing appropriately for the risk that you're taking but I think yeah
• 19:17
  would probably be don't don't be so judgmental it's hard not to be it's hard not to be and especially
• 19:24
  from that sense I was investing clients money so I needed to make a decision that was
• 19:28
  beneficial for the client but also yeah you didn't go and I'll put my own money into it yeah so
• 19:34
  are you allowed to do that if you if we were we weren't at the time no but some companies you can
• 19:40
  this is what I refer to as it's kind of a sunrise industry so I don't know if you've
• 19:45
  talked about this before but a sunset industry and sunrise industry and it kind of comes
• 19:49
  it played it comes to play with the structural growth but it's a sunrise industry obviously the
• 19:54
  sun rises goes up and so by now pay later would be a sunrise industry whereas a sun set it's
• 20:00
  like what's the sun sitting on what's going down is more like maybe companies like
• 20:07
  Sky TV and Sky TV your newspaper company so it's the opposite of structural it's the opposite
• 20:11
  of structural growth exactly and so this is a sunrise industry this is a structural growth
• 20:15
  industry and yeah only 2% of globally commerce is done through by now pay later still 2%
• 20:23
  2% so it's still such an origin this is a ripple it's not even a wave yet yeah we're at a tiny
• 20:29
  little ripple yeah and it's going to make its way into a giant barrel it's like a tidal wave that
• 20:33
  hasn't even happened the earth hasn't even moved yet that's really exciting yeah so thanks so much
• 20:39
  for pointing it out so if you looked at it if you could draw a graph of structural growth you know
• 20:46
  one that we kind of up into the right you'd probably still be at the bottom to the left at the
• 20:50
  just at the start of it so this would be a long-term structural growth trend and something that
• 20:55
  so for anyone that's listening and is thinking hmm I might go have a little look at some of these
• 21:02
  companies so with the best place to start being look at the different ones available on different
• 21:08
  companies I mean sorry in different countries so maybe like what are the ones in New Zealand
• 21:12
  what are the ones in Australia America yeah and then go through and have a look at the criteria
• 21:17
  and see which one feels the strongest yes yeah I think that's a great idea and I think the annoying
• 21:22
  thing is there is a lot of these companies but like we spoke about before whether with a really
• 21:29
  good structural growth industry there's going to be multiple players because they're all being
• 21:33
  in effect they want to all benefit and be a part of that growth so that also does give you
• 21:37
  validation that this is probably going to be around for a while because there's lots of companies
• 21:41
  that want to get access to that to that growth in my opinion being the first mover is always
• 21:46
  sometimes being the first mover is is most nine times out of ten the best with Netflix for example
• 21:52
  they were the first mover therefore they've got significant market shares so is Apple pay one
• 21:59
  or is that different because often if I've forgotten my wallet somebody like get Apple pay
• 22:03
  that's like pay wave that's kind of different yeah so that's I mean it's a type of technology but
• 22:07
  is that within the same industry not really no so by now by now pay later is just paying
• 22:12
  up for installments so but you've got so many companies wanting to get access to I'd be like
• 22:17
  I have to pay just got bought out by Square which is a large US company you've got PayPal
• 22:21
  trying to get into the space you've got Apple you've there's just so many companies that can obviously
• 22:28
  see this as a trend and they're thinking okay do we buy or do we build even banks are aligning
• 22:33
  with by now pay later companies because they're credit cards hardly anyone's getting credit cards
• 22:39
  especially younger millennials it's like hey why would I get a credit card when I can just buy
• 22:43
  now pay later of course like I hardly use my credit card because I don't even have one exactly
• 22:48
  out of them debit cards you can buy online you can and debit card works like a credit card
• 22:53
  so it is your own money so credit cards were only really a necessity for in my opinion because
• 22:58
  of online shopping and they had the digits whereas you had an ephbos card you couldn't buy online
• 23:04
  whereas now there's no need for credit cards and I think personally they're in the same
• 23:09
  campus by now pay later they did that you don't need if you can't afford to buy something you shouldn't
• 23:13
  be buying something so it's it's a very it's a quite archaic I think like my parents were saying
• 23:18
  why don't you have a credit card it's like well I don't need to buy by mom what amount I've got
• 23:24
  yours yeah what's your points from ruin so then if we look at the fact that after pay is just sold
• 23:32
  yes have they still are the you know are the founders still going to be working yeah yeah so I mean
• 23:38
  they've been selling down this state of a time but yeah they're still there so they're still very
• 23:45
  very driven and involved in a business yeah and there was another company that listed earlier in
• 23:51
  the year so that this is another thing with the structural growth industry is that there's a lot
• 23:55
  of companies that IPO will come to market because after pay has had such a dream so people think oh
• 24:01
  well I'll get involved in this IPO totally and and and you they can see after paying how fantastic
• 24:06
  its share price has has done over the last you know five years or so and there's companies going
• 24:12
  oh I want I want a piece of that action and there's also investors that are saying yes we see this
• 24:17
  as a trend we want to get access to it so there was a company called a firm which I was a
• 24:21
  buy now I'll pay later company that IPOed a firm a firm and it was up a hundred percent on day one
• 24:27
  which is nuts like wow let's say what all birds did yeah exactly so it's like that's validation as
• 24:33
  well there's such a big trend because all birds is obviously playing into the eco-friendly sustainable
• 24:38
  fashion kind of trend and then a firm and after pay zip pay they've all been affitting from
• 24:47
  this buy now pay later trend so if someone was looking to invest in the structural growth
• 24:52
  industry would diversifying be good within the industry or is this an example of something where
• 24:58
  maybe you would buy one company in a structure in this particular structural growth and then maybe
• 25:04
  in other other industries yeah I would say this industry there's still a lot of risk so because
• 25:09
  it is so new like it's only been around for five years or so that there's still a bit of regulation
• 25:15
  that kind of is going on around it so in terms of how much the after pays of the world can charge
• 25:22
  in terms of fees and interest fees and and there's a bit of regulation going on there so there is
• 25:28
  a risk associated with investing in companies that are in such early stages of structural growth
• 25:36
  but it's kind of like investing in Bitcoin there's still so much regulation and uncertainty
• 25:41
  about how that that industry or how cryptocurrencies are going to evolve that sometimes it can be
• 25:47
  too early to get into a structural trend but does that mean then maybe getting one
• 25:51
  if you were to look at one it's good because you've got your finger in it but you're not
• 25:55
  sorry I'm going to stop using it but you've got you know you've got one foot in this that
• 25:58
  structural growth industry door but you're not you know it's not your eggs aren't all in that one
• 26:03
  basket exactly and maybe maybe investing in in one by now pay later company and then maybe
• 26:08
  get another another industry or another structural growth industry but if you have enough money
• 26:15
  then maybe you invest in two different companies in the by now plan one that's maybe really
• 26:19
  well advanced one that's still growing or one that's slightly slightly different or you know a
• 26:24
  different different target market or something you know something that's a bit different from
• 26:28
  the other one that you've bought so okay awesome I really I think that was a super super
• 26:34
  helpful episode and it makes you want to go and buy after me I think digital payments is a really
• 26:40
  so this is by now pay later it's kind of like it's a trend within a trend as well so you've got
• 26:44
  the digital payments industry which I think is just can we just say no please okay I'm getting
• 26:52
  will we edit that out I'm sorry yeah I think digital payments there's just so much going on in that
• 26:58
  space and we've digital payments is still only 20% of global transactions so there's still a
• 27:04
  huge growth within that 80% of transaction done through cash so there's still so so you've got
• 27:09
  like a trend within a tree you know you know a little bit of a pie which is kind of a bigger
• 27:13
  pie which is part of a massive price don't do that for but I'm sorry I'm sorry pastries don't
• 27:18
  don't don't go like actually my apartment my home and so yeah I think there's just so much going
• 27:24
  on in the digital payments and I it's an industry that I quite like I really enjoy you know researching
• 27:30
  well what's going on and what's this like even that before pay company you're like wow there's
• 27:34
  just it's interesting because things are popping up and changing and so you you start reading about
• 27:38
  the industry and the change is going on and the great thing about Australian New Zealand is that
• 27:42
  we are one of the most advanced regions aside from China that in terms of digital payments because
• 27:48
  we've got small markets our banks all talk to each other and you can implement it quicker and so
• 27:54
  we we were one of the first countries to get pay way for example and then they roll that out
• 27:58
  around around the world and so whereas in the US you've got different states you've got banks
• 28:03
  they don't really talk to each other so there's still heaps of growth to be made because they
• 28:07
  haven't necessarily implemented yet and there's been so much emergence of of digital wallets and
• 28:11
  everything over there and and companies because their banking system is so archaic so like the
• 28:17
  likes of PayPal has been a fantastic investment but for us down here we kind of kind of understand
• 28:22
  like I don't really use PayPal and it's it's hard to fed them but you've got to think of
• 28:27
  you know what what are the trends in other regions and you can still get get access to some really
• 28:32
  good investing trends that might you might not spot in your home market yeah so it's like talking
• 28:38
  to friends and and that kind of thing about what what they're seeing in different market there's
• 28:42
  so many times they'll ring up my US friends or Aussie friends I'm like hey have you seen this going
• 28:47
  on they're like oh yeah yeah you know and it's just kind of validation you've got American friends
• 28:51
  yeah you talk to people on the ground and that was a great thing about working in Sydney is that
• 28:55
  you're like a financial correspondent hi I'm just calling in from New Zealand or in like London or
• 29:01
  you know when I was when your brain used to travel for work I remember there was one company
• 29:05
  invested in the payments company and I saw it in a taxi and I was like the taxi driver said oh
• 29:08
  do you like do you enjoy using that product and he just read or he's like no they charge so many
• 29:12
  fees like all this it was quite interesting because you don't hear and from an investment point of
• 29:17
  you I was like well they charge high fees you're still using it so that means lots of revenue for them
• 29:21
  so it's actually probably good investment you know it's kind of you this is that yeah and I think
• 29:25
  talking to well he's still got a lot of information from taxi drivers which we do say don't
• 29:29
  do it but it was more about trains going on and and what they're seeing and in terms of like
• 29:34
  consumer confidence and what people are talking about and so to summarize by now pay later
• 29:40
  great from a recent point of view not from a user yeah maybe don't start using by now pay later as
• 29:48
  yes you're shopping addiction if you're because your end up kind of being in more and more
• 29:55
  you'll have no money to invest in the industry because you've spent it all on sunglasses yes
• 29:59
  and instead how about you invest be great if after paid it at hey buy our shares and pay them off
• 30:05
  and that's your store installments why don't you send a pitch job and a big high
• 30:10
  Victoria from the Curve in New Zealand a great idea for your company but that's a great idea
• 30:14
  yeah it'd be a good PR stunt it would be and good learning curve for everyone yes
• 30:18
  oh what are we talking about in our next episode we are talking about crypto currencies oh goodness
• 30:28
  this has been something that would make something kind of peer pressure into talking about she
• 30:32
  doesn't love talking about it's become yeah it's something that we need to talk about though
• 30:37
  because I've had friends come up to me that have very little knowledge with investing and they've
• 30:43
  got a bit of money and they're like hey show me some bitcoin and they don't know anything about it
• 30:46
  and that to me is just really really red flaggy red flaggy scary I'm like no no no no no no no
• 30:51
  make sure you understand what you're missing in so we're gonna really unpack it and we're gonna
• 30:56
  do it over I think two or three episodes yeah I think it deserves a bit of airtime so I've seen
• 31:00
  then any questions that you have or anything about crypto and we'll we'll try and get them answers
• 31:05
  yeah and I think I'm gonna try and give a bias view because there is it's such unbiased or bias
• 31:11
  sorry unbiased I don't know for bias views really what we should be doing here I'm gonna give an
• 31:17
  unbiased view thanks for listening so picking up on that I'm hungry but I'm still paying attention
• 31:24
  and yeah we're gonna really fish it out and hopefully you come away more knowledgeable and be
• 31:31
  able to figure out if it's actually appropriate for you to invest in okay that sounds awesome
• 31:36
  and did we have any questions from our Q&A to answer this week they were about crypto so we'll leave
• 31:41
  them till thanks week and add them all in yeah the more questions that we get the more useful it'll
• 31:47
  be for you guys so holler you're gonna wish you didn't say that because I'm not editing it out
• 31:54
  thank you so much for joining us but today's episode of Raising the Curve please subscribe and
• 32:00
  leave a review on what ever platform you're listening on we would also love for you to share
• 32:04
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• 32:09
  how you can learn more here to the curve.co.nz or find us on socials at the underscore curve NZ