Latest / The Curve / TCW1: Welcome to our new podcast, The Curve Weekly!

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TCW1: Welcome to our new podcast, The Curve Weekly! · The Curve

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  We're really excited to have partnered with Audi to bring you the Curve Weakly, a podcast
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  that encourages women to work towards driving a more progressive future.
• 0:09
  And if you haven't already, check out our savings calculator at thecurve.co.nz to help
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  you reach your savings goals.
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  Hi and welcome to the Curve Weakly, the podcast that keeps you up to date with all the money,
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  business and stock market tea.
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  And they're exactly what I needed to do, but it would take money to get there.
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  Show me the money!
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  For the record, feminism, by definition, is the belief that men and women should have equal rights
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  and opportunities.
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  Everyone should experience for us at least once in their lives and any.
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  Shouldn't miss out just because she can't afford it.
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  Help me, I'm poor.
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  Hello!
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  God, I thought it was a stealth fight.
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  Hello, children.
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  This is a brand new podcast for us.
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  So this is called the Curve Weakly, and essentially this is again me just being selfish knowing
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  what I need, which is a quick snappy update on what's going on in the world of business,
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  finance, economics, inflation, etc.
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  The stock market.
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  Because self doesn't want to read the news, I keep it right now, she's very time poor.
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  Do you just send me links to the articles of Guardian and all this, and I'm like, oh, who
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  can be asked?
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  And they're also so boring today.
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  10 minutes, these episodes are going to be nice, quick, snappy.
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  We're not fucking around.
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  No, you don't want to be a me.
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  Yeah, basically, I don't want to be you.
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  Yeah, yeah.
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  So I think what we should do, I don't know why not, I mean.
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  Do you want me to cut that out or do you?
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  So in terms of stock market, are you going to give us an overview for each episode on
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  what's happening?
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  And today, should we do one on like 2020 rather than, you know, I would kind of do
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  like both.
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  Okay, cool.
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  Hit me.
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  Educate me.
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  Tell me what I need to know.
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  So, first week of 2020, how are we going?
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  Good.
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  Actually.
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  Yeah.
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  I mean, we had a fucking shock last year.
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  So you hope, you know, it's only up from here.
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  Yeah.
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  I mean, it could be down.
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  Who knows?
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  No one knows.
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  How bad was it last year in terms of if you looked at the market from the start of the
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  year, like the stock market to work at the end?
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  Yeah.
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  So the US stock market, so the S&P 500, which is the top 500 companies in the US, that
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  was down 19% for the year.
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  And it really kind of fell off a cliff for the first kind of six months and then just kind
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  of bopped along the bottom there and tried to get up and up.
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  No.
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  And so it was a mudslide.
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  Yeah.
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  A mudslide.
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  And then it just stuck in the mud for the rest of the year.
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  So it was finished down 19%.
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  What was it like comparatively to the year before?
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  Yeah.
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  So the year before was about, was over 20%.
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  So it was about 20%.
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  So it was like 40% more than last year if it was negative 19 and then last year it finished
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  up 20.
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  You've gone up here and you've come back down to here.
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  Oh, okay.
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  You haven't fallen 40.
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  No, no, no.
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  That would be if you keep signing from zero each year.
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  Oh, I see.
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  Because you're selling from differently.
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  Starting to buy a point from where you ended at the end of December 2021.
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  And that's because we've had two pretty good years post-COVID.
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  The rest of 2020 was really strong.
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  Then we had 2021 in France saying, woo-hoo, we got through this.
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  22 and two been like, shit, these are all all the flying effects of inflation,
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  high interest rates, throwing Russia Ukraine.
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  You know, there was a lot going on in 2022.
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  And then the NASDAQ, which is more the technology companies, high growth companies,
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  indexes.
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  Is that like Apple?
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  Would that be in this app?
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  Yeah, yeah.
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  So they're all, all those, all the technology companies.
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  All those, all those tech names like Google, Amazon.
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  That index was of 33%.
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  And it all means down.
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  Down, yeah.
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  And that's because they're more volatile.
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  They're more high risk.
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  You know, those were the stocks.
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  And that was the index that did even better in 2021.
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  So it's kind of those movements are more massive.
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  So the movements are more massive.
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  The movements down are massive.
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  And so it's more high risk, more high volatility, which means higher returns when it goes up.
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  And then the Australian stock market was down only 5%.
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  So they had a pretty good year in the scheme of things.
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  That's pretty good.
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  And that's all because a lot of that index or that stock market has got a lot of resources name.
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  So a lot of oil and gas names.
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  And those companies have done particularly well this year, unfortunately.
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  And then the New Zealand stock market was down about 11.
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  So somewhere in between, there should be 500 in the ASX.
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  So overall across the board, internationally, markets.
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  We're down.
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  We're down, yeah.
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  Last year.
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  But this is normal.
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  This is what happens.
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  And people tend to forget.
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  And I mean, I came into investing, you know, kind of 10 years ago,
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  give or take a few years.
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  And we've kind of had a pretty good run.
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  Like markets have gone up most years over, each year over those years.
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  And so I haven't really known like a really tough year.
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  And so this is quite a learning curve for me.
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  Excuse the pun.
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  That's really interesting.
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  It's kind of funny.
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  You do forget like, you know, people, for example,
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  that were in the Lake Pure earthquake, you know, 100 years ago.
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  They're like, oh, well, we've seen earthquakes before.
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  But when it happens for the first time, when I was in Christchurch,
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  you're like, what's happening?
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  But it's like, you're looking, if you zoom out historically,
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  these things have happened.
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  So it's nothing to be like, all the stock markets never going to bounce back.
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  We're just going to invest in stock though.
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  Because it's actually just the, you know,
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  like even if it's a lot of investing.
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  Yeah.
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  And a lot of older people will be like, oh, you know,
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  this is part of the course.
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  Yep, let's take advantage of this opportunity.
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  Let's invest.
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  And a lot of young people who may have only just started investing
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  and lost money this year are probably like, fuck the stock market.
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  It's fucking shit.
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  And I get that.
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  Like, but it's more about realizing that these years,
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  these down years, or when the market finishes down,
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  don't happen that often.
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  So, you know, the stock market is really the only shop where
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  when stuff goes on sale.
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  Everyone runs for the hills.
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  Everyone runs.
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  Whereas when it's Boxing Day or Black Friday,
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  everyone's like, I'm going to buy it.
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  Yeah.
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  And that means that.
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  That means.
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  That inflation is going to go-
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  It's probably going to be growing
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  It's going to go-
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  It's probably going to be growing
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  Yeah, what it means that companies have to pay staff more, which means they have to
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  hire, increase their prices, and pass it on to consumers, because their costs have gone
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  up, so everything kind of flows on.
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  So if something's not increasing as much, wages, for example, then that means that inflation
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  isn't going to increase as much, and the way to combat inflation is to increase interest
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  rates.
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  So if inflation isn't going up as much, interest rates don't have to go up as much either,
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  which means mortgages don't have to go up, which means that people are paying less.
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  You're paying less for staff, and we've got more in our pocket to spend.
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  So for anyone that's like interest rates, what the hell are those?
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  We have got a whole episode on that, and it was around the, I think, the UK debacle
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  when their interest rates were all over the show, so if you're interested in learning
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  more about that, that's a really good episode to listen to.
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  What other key stuff has been happening?
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  So on the company side of things, and kind of flowing into the jobs conversation was Amazon
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  announced last week that it's cutting nearly 20,000 jobs, which on a flexion it had a huge
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  hiring spree, and employed a lot of people during COVID, so this is kind of maybe more
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  of a return to normal.
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  Because everyone was probably at home, you know, starting, ordering shitloads at Amazon
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  packages, right?
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  Yeah, exactly.
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  So they hired all their staff, whereas now we're kind of going back to a more normal
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  environment, or even a slowing environment in 2023, so therefore they're cutting those
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  jobs.
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  But it is only about 1% of their total workforce, which means they hire a lot of people.
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  And then another one, be bath and beyond, which is a retail store which sells beading
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  bathroom and be on.
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  Really?
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  Be bath and beyond?
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  That's so, thank you for explaining.
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  I love that you explained that, and then you're just like throwing out like interest
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  rates.
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  Blah blah blah.
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  Oh gosh.
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  So the issue price fell over 20% last week.
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  It's down, sorry, over 20% in a day, down for a few percent last week, down 90% in the
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  last 12 months.
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  Oh, Lordy.
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  So if you're invested in being bath and beyond, I'll pass you some tissues, because I think
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  this baby ain't gone anywhere nor upwards for a while.
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  And then Costco, which is one that we've spoken about before on a podcast.
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  This company had their financial results.
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  So this is when, so companies being a public company, you have to report your results,
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  your financial results to, to the public with two investors.
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  And so they announced theirs and the share price jumped about 7% and they had a really good
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  December.
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  Their sales came in, I think it's about $24 billion, which is absolutely bananas.
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  But this company is really well positioned, in my opinion, for next year, sorry, God,
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  I'm going to keep saying that.
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  I'm going to be like, we're 2023, for 2023, because we're kind of in a bit of an uncertain
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  environment.
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  Are we going to hear them to resist recession?
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  Are we not?
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  Nobody really knows.
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  And this is a really good defensive retailer, defensive stock, a defensive company.
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  So if anyone that does want to listen to the episode, it's called a deep dive into
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  the fifth biggest retailer in the world, Costco, and it's a good explanation of probably
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  what you're talking about.
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  So basically, this is done well again.
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  Yes, yeah.
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  And then we also had first solar, I've invested in this.
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  This is one of my first solar investments.
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  First solar investments.
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  Yeah, honestly, it's gone up so much, I think it's gone up like 85% or something last
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  year.
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  Very well.
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  And it was up 7.8% last week.
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  And that was all around the energy crisis in Europe.
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  People are demanding more renewable energy, because they realize they need to kind of diversify
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  and not rely on one source of energy, and the inflation reduction act in the US, which
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  is funding for alternative sources of energy.
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  So it's kind of in the right place, right time.
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  It's at the top of the way that's running that way.
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  Or up.
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  Yeah, maybe it's pretty good surfing.
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  But yeah, it has been a great stock call, Sophia, I think I'm going to be out of the
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  job soon.
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  I am going to be an investor.
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  It's annoying, because I've only invested 150 US into it.
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  I can't, I wish I had done this.
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  It's bigger than my plan.
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  This is what I always do to myself.
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  Oh, OK.
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  I'll invest in something, and it will go up.
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  I'm like, damn it, I don't know if it's more.
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  But then I guess if it goes down and you invest in things, it's even worse, isn't it?
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  Exactly, yeah.
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  So you've got to pat yourself on the back for the stocks that you don't invest in,
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  pat yourself on the back for the ones that you don't invest in.
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  Yeah.
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  But all the stocks I've talked about today is purely just news, education, we're just
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  deciphering what's gone on last week.
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  This is not right.
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  So the stocks will always go up and down in sideways.
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  Yeah.
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  It's up to you with circle.
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  Yeah.
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  What you want to invest in.
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  But if you are interested in learning more, either on podcast format, then you can go
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  back and listen to a bunch of other podcasts.
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  Or if you're interested in getting a bit of a deep dive, you could look at joining the
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  wait list for the Curve Classroom, which is actually starting in March.
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  Yeah.
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  It's so, so it's around the corner.
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  Yeah.
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  Which is universal global.
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  We talk about a lot of global companies, not just New Zealand companies or Australian
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  companies.
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  But if you're in a money-saving phase and you're like, I definitely can't afford an online
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  course right now, then we also do have heaps of really awesome emails.
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  I love that I say awesome, but they go out every week.
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  So you can join our newsletter database through the link in our show notes.
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  But thank you for the update that can chat to you next week.
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  Yeah, I know.
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  How do you feel about a weekly podcast?
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  Oh, no.
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  I'm excited.
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  Short and snappy and punchy.
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  Yeah.
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  Yeah.
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  Sorry.
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  I'm unbuttoning my pants, but it's not.
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  Sorry.
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  I need to go to the low.
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  Let's wrap this up.
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  Yeah, please.
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  We're in a small studio.
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  Keep your pants on.
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  Yeah.
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  We're really excited to have partnered with Audi to bring you the Curve Weekly, a podcast
• 13:43
  that encourages women to work towards driving a more progressive future.
• 13:46
  And if you haven't already, check out our savings calculator at thecurve.co.nz to help
• 13:50
  you reach your savings goals.