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Investing Diaries: She Didn’t Invest for Two Years… and Her Portfolio Grew $20K Anyway · She's On The Money

• 0:00
  Speaker 1: My name's Anatasha Bamblet. I'm a proud First Nations woman
• 0:03
  Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya Niana,
• 0:08
  Speaker 1: kaka ya Ya bin Ahaka Nian Our gay In Mbina,
• 0:11
  Speaker 1: yakarum Jar, Dominyama, Domagaowakaman, damon Imlan Bomber bang gadaboma In
• 0:17
  Speaker 1: and now in wakah ghana on yak rum jar Watnadaa. Hello,
• 0:22
  Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
• 0:26
  Speaker 1: We thank acknowledge and respect the Abiginal people's land that
• 0:29
  Speaker 1: we're gathering on today. Take pleasure in all the land
• 0:32
  Speaker 1: and respect all that you see. She's on the Money
• 0:35
  Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,
• 0:42
  Speaker 1: knowledge and resources for you to thrive.
• 0:44
  Speaker 2: She's on the Money. She's on the Money. Hello, and
• 1:08
  Speaker 2: welcome to She's on the Money, the podcast that lets
• 1:11
  Speaker 2: you be pervy about other people's investment portfolios for educational
• 1:15
  Speaker 2: purposes of course. Welcome back to another one of our
• 1:19
  Speaker 2: new investing diaries where I get to talk with one
• 1:22
  Speaker 2: of our incredible She's on the Money community members all
• 1:25
  Speaker 2: about their investing journey. Let's jump straight into it because
• 1:28
  Speaker 2: this week I got a message and I couldn't not reply,
• 1:31
  Speaker 2: She's on the show. It went like this, Hi, Victoria.
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  Speaker 2: I knew zero about investing until twenty twenty, when we
• 1:38
  Speaker 2: were all stuck inside. Thanks to my Instagram algorithm, I
• 1:42
  Speaker 2: spent six months learning everything I could. I was listening
• 1:45
  Speaker 2: to She's on the Money, I was listening to my
• 1:46
  Speaker 2: millennial money, all of it before making my first investment.
• 1:50
  Speaker 2: I ended up investing fifty thousand dollars over four years,
• 1:54
  Speaker 2: with the goal of having one hundred thousand dollars invested
• 1:57
  Speaker 2: by the time I was thirty. Of course, life got
• 2:00
  Speaker 2: in the way. My savings were diverted to buying a
• 2:02
  Speaker 2: home and then a wedding. I stopped checking my portfolio
• 2:05
  Speaker 2: and I didn't invest for two whole years. But the
• 2:08
  Speaker 2: growth has been really impressive, and I would love to
• 2:11
  Speaker 2: share my real world experience of compounding interest money diarist,
• 2:16
  Speaker 2: I'm so excited for this.
• 2:18
  Speaker 3: Ah, thank you so much. I'm really excited to be
• 2:20
  Speaker 3: the first anonymous investing diary.
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  Speaker 2: I think my favorite part about this is anonymous you
• 2:25
  Speaker 2: can get really pervy, like I feel like you and
• 2:27
  Speaker 2: I were talking off air before we started recording and
• 2:29
  Speaker 2: we're talking about Brooks Investing Diary from my team, and
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  Speaker 2: that was fantastic. But I also held back a little
• 2:35
  Speaker 2: bit because I was like, well, I'll ask go about
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  Speaker 2: all the shares, but I'm not going to be like,
• 2:38
  Speaker 2: well how many dollars have you got, because I don't
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  Speaker 2: know there's a line when you're not anonymous, but when
• 2:44
  Speaker 2: you're anonymous, I can ask anything. It's so good and
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  Speaker 2: I'm so excited. So let's start at the top investing diarist.
• 2:52
  Speaker 2: I want to note obviously I have to be me,
• 2:55
  Speaker 2: tell me a little bit about your money story as well.
• 2:57
  Speaker 2: What was your life like before you start and investing,
• 3:00
  Speaker 2: and what was your attitude towards investing?
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  Speaker 3: Sure, so I, you know, preparing for this diary, I
• 3:06
  Speaker 3: sort of was reflecting back to the time before investing,
• 3:09
  Speaker 3: the time before I sort of learned more about finances.
• 3:12
  Speaker 3: And I grew up in a big family and my
• 3:15
  Speaker 3: family were very sort of middle working class. My parents
• 3:18
  Speaker 3: just worked to government jobs, and I always just thought
• 3:22
  Speaker 3: money was you know, you earn a job, you save,
• 3:24
  Speaker 3: and then you live off your savings and that's it.
• 3:27
  Speaker 3: And like I said in my submission, it was actually
• 3:30
  Speaker 3: really mind blowing to learn that there are ways to
• 3:33
  Speaker 3: make your money stretch further, ways to make your money
• 3:35
  Speaker 3: work for you. So when I actually learned about investing
• 3:38
  Speaker 3: for the first time, I really thought, wow, I did
• 3:41
  Speaker 3: not realize that investing could be for someone like me.
• 3:44
  Speaker 3: It really had that association as being you know, guys
• 3:47
  Speaker 3: working on Wall Street and very male dominated, and so yeah,
• 3:51
  Speaker 3: I just think it was something I never been considered.
• 3:54
  Speaker 3: And I really had an attitude towards money that was
• 3:58
  Speaker 3: a little bit of a scarcity mindset, but also just
• 4:00
  Speaker 3: you know, money comes in, money goes out. I'm not
• 4:04
  Speaker 3: keeping track of it, and that's just the way that
• 4:06
  Speaker 3: it was always going to be. So I had to
• 4:08
  Speaker 3: do a lot of re education and learning about it
• 4:11
  Speaker 3: to really change my mindset. And I'm really proud of
• 4:13
  Speaker 3: where I've come, and I had a lot to learn
• 4:15
  Speaker 3: and I still.
• 4:16
  Speaker 2: Do as well. What was that moment where you were like,
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  Speaker 2: I want to learn about this because like you're obviously
• 4:22
  Speaker 2: stuck inside, we didn't have much to do. Some of
• 4:24
  Speaker 2: us me took up crochet, right, but you took up
• 4:28
  Speaker 2: financial literacy. And I feel like that's a choice, like
• 4:31
  Speaker 2: in a good way. That's a really good choice, But
• 4:35
  Speaker 2: did something prompt you to go there has to be
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  Speaker 2: a better way, or there has to be, you know,
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  Speaker 2: a way I can create wealth or like, how did
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  Speaker 2: you fall into the slippery slope of finance content?
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  Speaker 3: Well, I actually have the algorithm gods to thank for that.
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  Speaker 3: So I remember being on my Instagram for you page.
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  Speaker 3: I don't know what it's called, and I actually thought
• 4:53
  Speaker 3: graph and it was really just like very visually appealing,
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  Speaker 3: and I can't remember it to this day. I just
• 4:59
  Speaker 3: remember thinking, he's a young girl who looks like me.
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  Speaker 3: She's fun, she's friendly, she's making money, and investing seemed
• 5:06
  Speaker 3: really cool, and I thought, wow, it is actually so interesting,
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  Speaker 3: and it got me really excited because I think her
• 5:12
  Speaker 3: graph was showing how much she'd invested, how much you'd grown,
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  Speaker 3: and just the I guess, the potential of what investing
• 5:18
  Speaker 3: could bring.
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  Speaker 2: So you kind of found someone online that was like, hey,
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  Speaker 2: I'm making money, and you were like, hey, that doesn't
• 5:25
  Speaker 2: seem too complex. I could do that. Yeah, pretty much.
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  Speaker 3: I know. Definitely investing at the beginning, it was quite intimidating,
• 5:32
  Speaker 3: even though I think at the time that's maybe when like,
• 5:35
  Speaker 3: you know, she's on the money. Was starting or had
• 5:37
  Speaker 3: just oh, had previously started same as my millennial money
• 5:41
  Speaker 3: I know comseec of pocket was starting off as well.
• 5:43
  Speaker 3: So it was a combination of a few things that
• 5:47
  Speaker 3: yeah opened the door for me and it actually made
• 5:49
  Speaker 3: it seem a little bit more appealing. But it took
• 5:51
  Speaker 3: me a while to actually make that first step and
• 5:53
  Speaker 3: make my first investment.
• 5:54
  Speaker 2: I love that. So tell me what were you doing
• 5:57
  Speaker 2: for work at the time and how much money were
• 5:59
  Speaker 2: you earning.
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  Speaker 3: So I was working in marketing for a corporate company
• 6:03
  Speaker 3: and I was on about ninety k including.
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  Speaker 2: Suva very cool. And if we looked at your budget,
• 6:09
  Speaker 2: did you have disposable income when you're cutting it fine? Like,
• 6:12
  Speaker 2: what kind of money situation were you in?
• 6:15
  Speaker 3: Well, it was a very very lucky time for me,
• 6:17
  Speaker 3: and I acknowledge very lucky and privileged. So I was
• 6:20
  Speaker 3: living at home, I was still twenty five, I hadn't
• 6:22
  Speaker 3: moved out, And it was actually COVID to make me
• 6:24
  Speaker 3: realize I have a lot of disposable income that previously
• 6:27
  Speaker 3: I had just been spending on clothes, consumers goods, going out,
• 6:31
  Speaker 3: spending drinking, and yeah, that's what I just really had
• 6:36
  Speaker 3: this like sort of I was always saving for a property,
• 6:39
  Speaker 3: my deposit, but I still gave myself a lot of
• 6:41
  Speaker 3: leeway and it took COVID for me to think, Wow,
• 6:44
  Speaker 3: where's my money going? And I remember I had a
• 6:46
  Speaker 3: friend at the time who said, you live at home,
• 6:49
  Speaker 3: you should have saved more or something like that, and
• 6:52
  Speaker 3: that really rude but also confronting.
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  Speaker 2: Thank you for that. I feel attacked, but I'm also
• 6:57
  Speaker 2: going to get rich now.
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  Speaker 3: It was actually really good wake up call because I
• 7:02
  Speaker 3: didn't feel the pressure, I think, to do anything with
• 7:05
  Speaker 3: my money except for you know, that very Australian dream
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  Speaker 3: of you know, you buy a house, you buy a property,
• 7:10
  Speaker 3: and that's all I was really doing. But I actually
• 7:12
  Speaker 3: didn't really feel a drive either because it felt very
• 7:15
  Speaker 3: far away.
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  Speaker 2: So how did you go from there to making your
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  Speaker 2: first investment?
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  Speaker 3: A lot of podcasts, so a lot of listening to
• 7:22
  Speaker 3: podcasts like She's on the Money, like I mentioned, am
• 7:25
  Speaker 3: I Millennial Money? So many of them, and just following
• 7:28
  Speaker 3: a lot of people on Instagram. So I guess Victoria
• 7:31
  Speaker 3: you probably will know as well. Around the same time,
• 7:34
  Speaker 3: there was a big growth in the Oussie finance Instagram community.
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  Speaker 3: There was lots of young influencers.
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  Speaker 2: Oh my goodness. And yes, like it was a really
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  Speaker 2: good time for content, but it was also so rogue.
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  Speaker 2: Like I'm looking back on that because at the time
• 7:48
  Speaker 2: I was a financial advisor and I'd review those posts
• 7:51
  Speaker 2: and be like, what are you guys doing? And now,
• 7:53
  Speaker 2: obviously there's been some acid reforming you need a license
• 7:56
  Speaker 2: and rah rah, But like it was a free for
• 7:58
  Speaker 2: all for a fair bit there, Like you were getting
• 8:00
  Speaker 2: so much information. Doesn't mean it was correct, which was
• 8:04
  Speaker 2: half of the issue I had with it, but whatever,
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  Speaker 2: like that's fun. You seem to be in a good
• 8:09
  Speaker 2: position now because of it.
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  Speaker 3: Yeah, and I definitely acknowledge at the time as well,
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  Speaker 3: I probably wasn't even sure how much of that was
• 8:16
  Speaker 3: legit or whether it was just you know, hype to
• 8:18
  Speaker 3: get followers or clicks or engagement. So obviously it took
• 8:22
  Speaker 3: away a grain of salt. But it was really just
• 8:24
  Speaker 3: seeing people who were like me, young women or just
• 8:27
  Speaker 3: young people you know, actually sort of gabbling in this
• 8:30
  Speaker 3: space and hearing from experts like yourself who made it
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  Speaker 3: sound something achievable for someone.
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  Speaker 2: Like me, because it is, and then you're proving it.
• 8:37
  Speaker 2: So tell me, how did you go from their like
• 8:40
  Speaker 2: obviously making your first investment. You consumed heaps of content
• 8:44
  Speaker 2: and you were like, okay, well, I feel ready to
• 8:46
  Speaker 2: make my first investment. Why did you feel ready? Because
• 8:49
  Speaker 2: I feel like this is where, especially women, we get
• 8:52
  Speaker 2: like analysis paralysis, and we're like, okay, like I've researched
• 8:56
  Speaker 2: so much, and as you said before, like so many podcasts,
• 8:58
  Speaker 2: so much information. Sometimes that information can be too much,
• 9:02
  Speaker 2: and then you get I don't know, paralyzed into not
• 9:05
  Speaker 2: making a decision. How did you go, all right, I'm
• 9:07
  Speaker 2: going to download an investing platform and make my first investment.
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  Speaker 3: It was also the very classic time of Spaceship and Raise,
• 9:15
  Speaker 3: so I just started with downloading Spaceship, which was a
• 9:17
  Speaker 3: micro investing platform, and a lot of the advice that
• 9:21
  Speaker 3: I was hearing was, you know, just start through your
• 9:23
  Speaker 3: two cents in, through your hat in the ring, and
• 9:25
  Speaker 3: just see what it looks like to get used to
• 9:27
  Speaker 3: that feeling of your money, you know, going up and down.
• 9:29
  Speaker 2: Love love, And you've probably heard me on the podcast
• 9:31
  Speaker 2: because you said you've been here for a while. I
• 9:33
  Speaker 2: call Spaceship and Raise the gateway drug of investing because
• 9:37
  Speaker 2: it doesn't feel that scary, right like when they're micro
• 9:40
  Speaker 2: investing platforms and you're like, well, it's just a few cents,
• 9:43
  Speaker 2: like or it's just a couple of dollars. And Spaceship
• 9:46
  Speaker 2: and Rays still exist today and a lot of our
• 9:48
  Speaker 2: communities still use and love them. But as I said,
• 9:51
  Speaker 2: they're kind of the gateway. And given how much you
• 9:53
  Speaker 2: have invested, I can almost guarantee you're no longer with
• 9:56
  Speaker 2: Spaceship or Rays.
• 9:57
  Speaker 3: Is that right?
• 9:58
  Speaker 2: Yeah?
• 9:58
  Speaker 3: So I yea. Honestly, it feels like so long ago.
• 10:01
  Speaker 3: But I think I was with Spaceship for a few
• 10:03
  Speaker 3: maybe three to six months, and then pulled my money out,
• 10:06
  Speaker 3: decided I should, you know, actually take a leap, and
• 10:09
  Speaker 3: I made the first step onto using a real platform,
• 10:12
  Speaker 3: and I invested my first one thousand dollars in Pocket.
• 10:15
  Speaker 2: Comsex Pocket out very cool. And are you still with
• 10:17
  Speaker 2: Comsex Pocket?
• 10:18
  Speaker 3: Yes, So I have branched out into Comsex so CBA's
• 10:22
  Speaker 3: actual investing platform.
• 10:24
  Speaker 2: She's upgraded, Yeah, upgraded.
• 10:26
  Speaker 3: The Big Girl platform. I do still have Pocket just
• 10:29
  Speaker 3: because I actually haven't sold anything that I've purchased. I've
• 10:33
  Speaker 3: still got all my shares. So I thought, just to
• 10:35
  Speaker 3: save the effort and the tax and everything, I'm just
• 10:38
  Speaker 3: going to leave.
• 10:38
  Speaker 2: It totally, and that's not necessarily a bad thing. For
• 10:41
  Speaker 2: those of you are playing along at home or in
• 10:43
  Speaker 2: your car, you might be like, well, what's the difference.
• 10:46
  Speaker 2: Comsex Pocket is an app that's been released by Comsec
• 10:49
  Speaker 2: that has a short list of atfs that you can
• 10:52
  Speaker 2: choose from. So instead of being overwhelmed by going on
• 10:55
  Speaker 2: the Comsec app, which has literally everything that is listed
• 10:58
  Speaker 2: on the ASX for you, which is very sexy but
• 11:01
  Speaker 2: can be overwhelming, they have I believe it's like eight
• 11:03
  Speaker 2: to twelve. I can't remember the actual number. I personally
• 11:06
  Speaker 2: don't use that platform. Doesn't mean it's bad. It's a
• 11:09
  Speaker 2: good platform, but it only gives you access to like
• 11:11
  Speaker 2: eight to twelve ETFs and then you pick what's in
• 11:13
  Speaker 2: line with your values and when you are starting your journey,
• 11:17
  Speaker 2: that can be really helpful. The other thing I will
• 11:20
  Speaker 2: say is because they're owned by the same company, my friend,
• 11:22
  Speaker 2: you could shoot comsecond email and say, hey, I've got
• 11:25
  Speaker 2: comcept Pocket and comsept can you just migrate them to
• 11:28
  Speaker 2: the same platform so that you only have one and
• 11:30
  Speaker 2: they will do what is called an interspecies transfer, where
• 11:34
  Speaker 2: they will transfer from one platform to another because they
• 11:37
  Speaker 2: own it. They're not going to care. They're keeping you
• 11:38
  Speaker 2: as a client, and your concept shares will then show
• 11:42
  Speaker 2: up on your comset account, which might just be good
• 11:44
  Speaker 2: for admin.
• 11:45
  Speaker 3: I'm going to have to write that down. That's a
• 11:47
  Speaker 3: really good tip for when I do my admin.
• 11:48
  Speaker 2: Now, AE hundred percent, And like I mean, if not
• 11:51
  Speaker 2: bad to have it across too. Like I have shared before,
• 11:53
  Speaker 2: I have a number of different investing platforms. I have
• 11:55
  Speaker 2: like my main one, but like to keep up with
• 11:57
  Speaker 2: the community, I need to have like fifty bucks in everything.
• 12:01
  Speaker 2: I need to be able to log into everyone else's
• 12:03
  Speaker 2: accounts and be like, oh, well this is how peerler
• 12:05
  Speaker 2: works or this is how comsept works. So I guarantee
• 12:07
  Speaker 2: I've got money on every platform, which, come tax time
• 12:11
  Speaker 2: is the biggest nightmare and my account wants to kill me.
• 12:15
  Speaker 2: But like that way, I know what's going on. Tell
• 12:19
  Speaker 2: me a bit more. You've gone from, you know, having
• 12:21
  Speaker 2: spaceship and I feel like this perfectly stereotypical. She's on
• 12:25
  Speaker 2: the money investing journey from going spaceship to comsext pocket
• 12:28
  Speaker 2: to the big girl comsec app. Are you feeling confident
• 12:32
  Speaker 2: about investing now? Is that something that you hit the
• 12:35
  Speaker 2: market with or is that something that's growing over time.
• 12:38
  Speaker 3: I would say I feel confident in it now just
• 12:40
  Speaker 3: because and maybe I'll get to this bit later. But
• 12:43
  Speaker 3: my approach and my strategy for investing is very much
• 12:46
  Speaker 3: seta and forget. I don't dabble with anything that's too crazy.
• 12:50
  Speaker 3: I'm not very speculative. I've got you know, diversified my
• 12:54
  Speaker 3: VDHD diversified High Growth fund. I've got a few ETFs
• 12:59
  Speaker 3: in concept pocket, like I mentioned, so some of the
• 13:01
  Speaker 3: very classic, well known NDQFI and I feel like I've
• 13:06
  Speaker 3: done a fair few trades now, not for a while,
• 13:09
  Speaker 3: which I'll also get to, but I really feel like
• 13:11
  Speaker 3: I know what to do, I know what I'm buying,
• 13:13
  Speaker 3: and once you actually make your first trade, for example,
• 13:16
  Speaker 3: on one of the official platforms, it's really easy to
• 13:20
  Speaker 3: get the hangoff because you're just essentially putting an order
• 13:23
  Speaker 3: in placing the order, and then it's in your account
• 13:25
  Speaker 3: and you get to see that.
• 13:26
  Speaker 2: I a kind it the other day to a friend too.
• 13:29
  Speaker 2: If you can shop on the Iconic, you can buy
• 13:32
  Speaker 2: shares and like it sounds more complicated, but like the
• 13:36
  Speaker 2: process is same. You put the things that you want
• 13:38
  Speaker 2: in your cart and then you hit transact and then bam,
• 13:41
  Speaker 2: that's happening, and you kind of go. I don't know
• 13:45
  Speaker 2: about you, but I remember my first few trades when
• 13:47
  Speaker 2: I was a baby investor going about it. Oh oh,
• 13:52
  Speaker 2: and you kind of feel a little bit silly in
• 13:54
  Speaker 2: a good way.
• 13:55
  Speaker 3: Yeah, And it's I guess, like really interesting to hear
• 13:58
  Speaker 3: about how people had shares, you know, back in the
• 14:01
  Speaker 3: non digital age, where I think they actually had to
• 14:03
  Speaker 3: call up the bank and you know, get someone to
• 14:05
  Speaker 3: buy that for them on their behalf. Whereas now you
• 14:07
  Speaker 3: get to do that yourself, which is incredible.
• 14:09
  Speaker 2: Oh my gosh. It is genuinely so much more accessible.
• 14:11
  Speaker 2: I was trying to explain this to my nana the
• 14:13
  Speaker 2: other day, literally, and I was like, no, no, no,
• 14:15
  Speaker 2: you can just buy it online. And she's like, who's
• 14:18
  Speaker 2: your brokeup? And I was like, it's not a person,
• 14:20
  Speaker 2: it's a platform, and it's just a very cool place
• 14:25
  Speaker 2: to be in twenty twenty five when we can access
• 14:27
  Speaker 2: it for literally I know, no, Comsex Pocket isn't, as
• 14:30
  Speaker 2: I will say, as accessible, and I say that because
• 14:33
  Speaker 2: they have minimum investment amounts that you need to reach.
• 14:36
  Speaker 2: So I believe that if you want to transact on Comsex,
• 14:38
  Speaker 2: you need to have your first trade be a minimum
• 14:40
  Speaker 2: of one hundred dollars. And that's fine for some people
• 14:43
  Speaker 2: who are ready to take that plunge, but a lot
• 14:45
  Speaker 2: of people like, well I'm not ready, And you might
• 14:47
  Speaker 2: look at a sharesis where the literal minimum doesn't exist.
• 14:50
  Speaker 2: It could be one cent. So everyone is going to
• 14:53
  Speaker 2: have their different like pros and cons. And in my
• 14:55
  Speaker 2: investing masterclass, just to plug that really quickly. I literally,
• 14:59
  Speaker 2: and this is friend why I have so many share
• 15:01
  Speaker 2: trading accounts. I have done a video on basically all
• 15:04
  Speaker 2: the top platforms that exist of how to submit your
• 15:08
  Speaker 2: first trade. So I've done Shareess, I've done Comsec, I've
• 15:11
  Speaker 2: gone with peerl like all of them, and I'm like,
• 15:13
  Speaker 2: this is how to do it, and these are the minimums.
• 15:15
  Speaker 2: And like in the com Sec video, I remember recording
• 15:18
  Speaker 2: it and being like, but you're gonna have to do
• 15:19
  Speaker 2: a minimum of one hundred dollars because they won't let
• 15:21
  Speaker 2: you do less than that, and like just all of
• 15:23
  Speaker 2: that stuff that might make you feel more confident. Now
• 15:26
  Speaker 2: I want to get into more nedy gritty and ask you,
• 15:28
  Speaker 2: all right, well you mentioned you know VDHG and you
• 15:31
  Speaker 2: mentioned NDQ, like, I've got questions about what you own
• 15:34
  Speaker 2: and the exact amount in your portfolio. But we're going
• 15:37
  Speaker 2: to go to a really quick break because I'm going
• 15:39
  Speaker 2: to gate keep that information for right after that, so
• 15:41
  Speaker 2: guys don't go anywhere, all right, money diarists. So we
• 15:48
  Speaker 2: are back and it is time to get into the
• 15:50
  Speaker 2: nedy gritty. We know what you did for work, how
• 15:52
  Speaker 2: much money you were earning, why you were able to invest,
• 15:54
  Speaker 2: But now I need to know tell me how much
• 15:57
  Speaker 2: is your share portfolio worth?
• 15:58
  Speaker 3: Sure? So, like I mentioned in my intro, I haven't
• 16:02
  Speaker 3: invested for about two years, so since late twenty twenty three.
• 16:05
  Speaker 3: But when I looked earlier this year, just a few
• 16:07
  Speaker 3: months ago, I was really incredibly surprised that I'd reached
• 16:11
  Speaker 3: seventy five thousand.
• 16:12
  Speaker 2: Stop it, that's so good, thank you.
• 16:16
  Speaker 3: What's really cool is I just forgot, of course that
• 16:19
  Speaker 3: like two years is quite a long time, it was
• 16:20
  Speaker 3: going to grow and that's the magic of compounding interest.
• 16:23
  Speaker 3: So from when I first started investing, of course it
• 16:27
  Speaker 3: was COVID, there wasn't much to do. I was looking
• 16:29
  Speaker 3: at my share portfolio all the time, every day, every
• 16:32
  Speaker 3: few hours because you know, that's that fear of losing
• 16:36
  Speaker 3: money or see when you see it grow, you just
• 16:38
  Speaker 3: want to keep looking. So I had to really like
• 16:41
  Speaker 3: wean myself off that, and then it got to the
• 16:43
  Speaker 3: stage of not looking at all.
• 16:46
  Speaker 2: So tell me about this seventy five thousand. You stopped
• 16:48
  Speaker 2: investing in late twenty twenty three, and you said for
• 16:51
  Speaker 2: reasons i'll get into. Let's have a quick chat about
• 16:53
  Speaker 2: that side note, because I think this is a really
• 16:56
  Speaker 2: relatable piece of content where sometimes we have the funds
• 16:59
  Speaker 2: to invest, and then sometimes life happens and we are like, well,
• 17:02
  Speaker 2: I'd love to still invest, but I have these short
• 17:04
  Speaker 2: term goals I want to achieve. And some people will
• 17:07
  Speaker 2: ride into the show and be like they should I
• 17:08
  Speaker 2: be investing in my shares, or should I be buying
• 17:10
  Speaker 2: my first home, or I really want to get married
• 17:12
  Speaker 2: or whatever it is, And I feel like you've just
• 17:14
  Speaker 2: gone through that. So you put your shared trading journey
• 17:17
  Speaker 2: on hold in late twenty twenty three.
• 17:20
  Speaker 3: Why, Well, so at the time I had always been
• 17:23
  Speaker 3: saving for my first house deposit. I was buying that
• 17:26
  Speaker 3: with my partner now husband, and so I really just
• 17:30
  Speaker 3: wanted to save every bit of extra money I had
• 17:33
  Speaker 3: and put that. First of all was my house deposit,
• 17:35
  Speaker 3: saving a buffer for you know, all the costs that
• 17:38
  Speaker 3: come with the housing journey. And then also once we
• 17:41
  Speaker 3: had bought that place, which was also in late twenty
• 17:43
  Speaker 3: twenty three, I just wanted to keep my savings to
• 17:46
  Speaker 3: build up the offset and just in case there was
• 17:48
  Speaker 3: anything that needed to be fixed with the house or
• 17:50
  Speaker 3: any last minute fees strata.
• 17:53
  Speaker 2: I just wanted that buffer there.
• 17:54
  Speaker 3: So I stopped investing at the time. And I had
• 17:57
  Speaker 3: also started a job that was in a company where
• 18:00
  Speaker 3: I do get shares as well, so as part of
• 18:02
  Speaker 3: an employee share scheme, which makes up quite a large
• 18:05
  Speaker 3: chunk of my package. So I thought, I'm getting these
• 18:08
  Speaker 3: shares already, I had quite a good base in the market,
• 18:12
  Speaker 3: and I thought, let's just you know, take a bit
• 18:15
  Speaker 3: of a pause. And then I was also engaged at
• 18:18
  Speaker 3: that time, and I thought, you know, I'm going to
• 18:20
  Speaker 3: need to sort of start saving up for this wedding
• 18:22
  Speaker 3: now that the house has been or the apartment's been purchased.
• 18:24
  Speaker 3: So it was, yeah, just trying to prioritize, and I
• 18:28
  Speaker 3: had all these competing priorities, and unfortunately I had to
• 18:30
  Speaker 3: take a pause on my investing, and that.
• 18:32
  Speaker 2: Is so fine. Talk to me. You now have a husband,
• 18:36
  Speaker 2: which is really exciting. You purchased your first home with him.
• 18:41
  Speaker 2: What then happened? So have you guys? Do you both
• 18:43
  Speaker 2: of you invest? Is this a journey that you're both
• 18:46
  Speaker 2: on together? Is that a decision that you made independently? Like,
• 18:49
  Speaker 2: I'm just so pervy, I'm so sorry. Were you talking
• 18:51
  Speaker 2: about this to get Does he have shares? Are you
• 18:53
  Speaker 2: running rings around him?
• 18:55
  Speaker 1: Like?
• 18:55
  Speaker 2: Tell me? So interestingly?
• 18:57
  Speaker 3: He also has shares and we were both I think
• 19:00
  Speaker 3: being a man, he probably a generalization, but I feel
• 19:03
  Speaker 3: like he knew more about investing and maybe knew that
• 19:06
  Speaker 3: it was open to him in a way that I didn't.
• 19:09
  Speaker 2: So he just had confidence. He didn't know more than you.
• 19:11
  Speaker 2: He just had confidence. And when you are lacking confidence,
• 19:14
  Speaker 2: you've got to ask yourself one question, what would a mediocre,
• 19:17
  Speaker 2: middle aged white man do? And then you're going to
• 19:19
  Speaker 2: do that pretty much?
• 19:21
  Speaker 3: But yeah, So he was also investing around twenty twenty.
• 19:25
  Speaker 3: I think he had rais or acorns and I had
• 19:27
  Speaker 3: to play spaceship, so we had compare notes, and he
• 19:31
  Speaker 3: also was investing in similar but different things. So we
• 19:34
  Speaker 3: hold I believe both NDQ and FIE. He has made
• 19:38
  Speaker 3: more speculative and direct share purchases with you know, our
• 19:43
  Speaker 3: direct companies, and he is definitely taking a few punts
• 19:47
  Speaker 3: here and there. He has. Oh, he's more of a
• 19:49
  Speaker 3: risk take than I am, as I'm pretty risk averse
• 19:51
  Speaker 3: of my investing.
• 19:52
  Speaker 2: Okay, so tell me about performance, then your portfolios? Whose
• 19:57
  Speaker 2: performance is better?
• 19:58
  Speaker 3: Well, funnily enough, because I haven't sold anything, I've always
• 20:02
  Speaker 3: been buying the same shares. I don't actually hold that many.
• 20:05
  Speaker 3: I think I've got about less than ten direct and ets.
• 20:09
  Speaker 3: He had so many he had to go through a
• 20:12
  Speaker 3: journey of selling the ones that were underperforming. Then he
• 20:15
  Speaker 3: I think was rebalancing. So I actually would say my
• 20:18
  Speaker 3: portfolio is done better. But just because I've been very consistent.
• 20:22
  Speaker 2: Oh my god. So hold on. So you're saying that
• 20:24
  Speaker 2: consistency is the key. Not picking stocks that's so crazy.
• 20:29
  Speaker 3: Yes, And not trying to time the market either, that's
• 20:32
  Speaker 3: you know, it's a key learning And I feel like,
• 20:34
  Speaker 3: don't get me wrong, I'm sure your husband is incredibly smart,
• 20:36
  Speaker 3: and like it's also like, as somebody who worked in
• 20:39
  Speaker 3: the industry, it's fun, Like, don't get me wrong.
• 20:42
  Speaker 2: Not everyone is going to find this fun, but I
• 20:44
  Speaker 2: find this fun, and I know that a lot of
• 20:46
  Speaker 2: men are also like, well, it's kind of like a
• 20:48
  Speaker 2: speculative stock. It's a bit of fun. Like, it doesn't
• 20:52
  Speaker 2: mean it's better. Research tells us that women who are
• 20:54
  Speaker 2: just consistent are better investors than men overall, and that
• 20:58
  Speaker 2: is the perfect example of that. So we know now
• 21:01
  Speaker 2: that your share portfolio that you created yourself is worth
• 21:04
  Speaker 2: about seventy five five hundred dollars. And you said I
• 21:07
  Speaker 2: own VDHG, which is the Vanguard Diversified High Growth Fund,
• 21:11
  Speaker 2: which we spoke about on Brooks episode as well, both
• 21:13
  Speaker 2: brook and I own. That definitely not a recommendation, and
• 21:17
  Speaker 2: I feel like I need to caveat this before I
• 21:19
  Speaker 2: get into well what do you own? Not recommendations? We
• 21:22
  Speaker 2: are just being pervy on your portfolio. And VDHG is
• 21:26
  Speaker 2: actually one of the most popular ETFs in the country.
• 21:30
  Speaker 2: It's not because oh wow, Like I don't want someone
• 21:33
  Speaker 2: listening to this and be like, wow, actually I've heard
• 21:35
  Speaker 2: that like three times now, and she's on the money.
• 21:36
  Speaker 2: They must be onto something, Yeah, babe. The whole country
• 21:39
  Speaker 2: is like that's where most people end up going down
• 21:42
  Speaker 2: their rabbit hole and finding their way too, because Vanguard
• 21:46
  Speaker 2: is quite popular. Can you run me through what you
• 21:49
  Speaker 2: hold in your portfolio? Will put I feel like the
• 21:52
  Speaker 2: direct shares for your company off to the side because
• 21:56
  Speaker 2: it's not the same like she owns direct shares in
• 21:58
  Speaker 2: her company fantastic. We'll talk about that later. But in
• 22:01
  Speaker 2: your actual comseck account and comsect pocket account, what do
• 22:05
  Speaker 2: you own and why? Sure?
• 22:06
  Speaker 3: So, overall my strategy is very much core and satellite.
• 22:11
  Speaker 3: I would say VDHG is my core. I've got about
• 22:15
  Speaker 3: just under fifty percent of my whole portfolio is VDHG,
• 22:19
  Speaker 3: and eventually I would like that to have a larger proportion,
• 22:23
  Speaker 3: just because, like I said, I'm pretty pretty basic, pretty stable.
• 22:26
  Speaker 3: I like consistency, and I like to just know the
• 22:29
  Speaker 3: diversification is already taken care of for me one hundred percent.
• 22:32
  Speaker 3: So I own two direct shares. I've got Bendigo Bendigobank
• 22:36
  Speaker 3: Wes Farmers, and I've got one lic which is afik Oh.
• 22:42
  Speaker 3: I just have to go look up the full name
• 22:44
  Speaker 3: of I believe. So my direct shares are about seventeen percent,
• 22:50
  Speaker 3: So yeah, less than twenty percent, and I'll probably keep
• 22:53
  Speaker 3: it that way as my portfolio grows. Just because Wes
• 22:56
  Speaker 3: Farmers has amazingly been my best performing share, this is
• 23:00
  Speaker 3: pretty crazy. I've had ninety three percent growth on that.
• 23:03
  Speaker 3: I must have just gotten out a really good time.
• 23:05
  Speaker 2: When did you purchase that?
• 23:07
  Speaker 3: Oh, I think it might have been twenty twenty two,
• 23:09
  Speaker 3: And yeah, it's just grown really well. I also have
• 23:12
  Speaker 3: NDQ and FI, which I've mentioned IHG oh IXJ. Sorry
• 23:17
  Speaker 3: those three are in pocket and as well because I
• 23:20
  Speaker 3: haven't invested for a little while and the tech market
• 23:23
  Speaker 3: has grown amazingly, I had eighty five point four seven
• 23:27
  Speaker 3: percent growth in NDQ.
• 23:29
  Speaker 2: Yeah, amazing. So those of you playing along at home,
• 23:33
  Speaker 2: NDQ is the beta shares NASDAQ one hundred ETF, which
• 23:37
  Speaker 2: is going to give so NASDAK is the American version
• 23:41
  Speaker 2: of the AX, and that means that she's getting, you know,
• 23:44
  Speaker 2: some international exposure, you could say. And then you said
• 23:48
  Speaker 2: before that you have IXJ. So IXJ is the I
• 23:52
  Speaker 2: shares Global Healthcare in the Australian currency, which means you're
• 23:56
  Speaker 2: able to purchase it on the ASEX, but it's actually
• 23:59
  Speaker 2: an into national ETF, which is very cool. And then
• 24:03
  Speaker 2: you also mentioned that you have AFI which is the
• 24:05
  Speaker 2: Australian Foundation Investment Company. Now all of those are fine,
• 24:09
  Speaker 2: those are available on and it's not even me giving
• 24:11
  Speaker 2: you permission. They're just like basic ETFs that you're able
• 24:14
  Speaker 2: to buy on comsext Pocket. But what I'm really interested
• 24:17
  Speaker 2: in is the two direct shares that you own. One
• 24:20
  Speaker 2: because you had ninety three percent growth in West Farmers.
• 24:23
  Speaker 2: Let's start there. Why did you buy West Farmers? Why
• 24:26
  Speaker 2: did you go? I want a direct share, especially because
• 24:28
  Speaker 2: your journey started with Spaceship, then comsext Pocket, which doesn't
• 24:32
  Speaker 2: allow you to have direct shares, and then you would
• 24:34
  Speaker 2: have graduated to comsec where you had access to direct shares.
• 24:37
  Speaker 2: Why West Farmers.
• 24:38
  Speaker 3: So when I was really deep into my investing journey
• 24:41
  Speaker 3: and I was learning and everything, I thought, maybe I
• 24:43
  Speaker 3: should branch out from ETF and actually, you know, put
• 24:47
  Speaker 3: my money where my mouth is, buy a few blue
• 24:49
  Speaker 3: chip companies that I think have a lot of potential.
• 24:52
  Speaker 3: And of course in Australia I always get West Farmers,
• 24:55
  Speaker 3: Woollies and Coals confused. But West Farmers I believe owns.
• 24:57
  Speaker 3: Bunnings came up and I think it did use to
• 25:00
  Speaker 3: own one of the supermarket chains.
• 25:01
  Speaker 2: It did and it now doesn't. Oh it doesn't, but
• 25:04
  Speaker 2: it used to be affiliated with Calls, which is why
• 25:07
  Speaker 2: they all have the flybys and access to one pass,
• 25:10
  Speaker 2: because they're kind of all in affiliation with each other.
• 25:13
  Speaker 2: But West Farmers no longer own Calls. Calls Is are
• 25:16
  Speaker 2: out on its own. But inside West Farmers you have Target,
• 25:19
  Speaker 2: you have came Out, you have Bunnings, You've got office Works,
• 25:22
  Speaker 2: there's a whole heap of other stuff, and then a
• 25:24
  Speaker 2: pharmacy brand as well. Now that's right.
• 25:27
  Speaker 3: So when I was doing research, I was in a
• 25:29
  Speaker 3: few Facebook groups, I was in a few Reddit chats,
• 25:32
  Speaker 3: Reddit subredits, and I think it is really great to
• 25:35
  Speaker 3: have those blue chip companies that you can't imagine ever
• 25:38
  Speaker 3: really being in a downturn. You know, we know that
• 25:41
  Speaker 3: OSSI's love Bunnings. I love Bunnings, and so I just
• 25:44
  Speaker 3: think it is a very stable company, you know, as
• 25:46
  Speaker 3: part of a wider collection. So I was very happy
• 25:49
  Speaker 3: with my Groce and West Farmers, and it was a
• 25:51
  Speaker 3: few It came really came from recommendations from other people
• 25:54
  Speaker 3: that I did research on. I checked the share price
• 25:56
  Speaker 3: as well, and I thought let's put a bit of
• 25:59
  Speaker 3: money in and now it's grown amazingly and I actually
• 26:02
  Speaker 3: wish I had put more in.
• 26:03
  Speaker 2: I love that. The thing that I love about this
• 26:06
  Speaker 2: part of our conversation is it's kind of what I
• 26:09
  Speaker 2: was hoping to get to. Like, you purchased a direct
• 26:11
  Speaker 2: share because it directly aligned to your values. You were like, actually,
• 26:15
  Speaker 2: I've purchased this direction not because like a mate was like, oh,
• 26:17
  Speaker 2: it's just Becky Stock or whatever. You were like, actually,
• 26:20
  Speaker 2: I can see value in West Farmers because I can
• 26:23
  Speaker 2: see that those are consumables that we're always going to need.
• 26:26
  Speaker 2: And I think the conversation, especially and I was on Reddit.
• 26:28
  Speaker 2: I've been on Reddit for years is the sick reality
• 26:31
  Speaker 2: of my life. But I'm always reading Ozzie Finance, and
• 26:34
  Speaker 2: during COVID, I think a lot of people were having
• 26:36
  Speaker 2: that conversation about if you were on Reddit as well
• 26:39
  Speaker 2: the toilet paper. They were like, it's a consumable. Like
• 26:42
  Speaker 2: Reddit was going crazy talking about like companies that are
• 26:45
  Speaker 2: thriving at the moment, you should be investing in them.
• 26:47
  Speaker 2: And clearly you took note of that. But then also,
• 26:50
  Speaker 2: it's not just I read something online and invested. You
• 26:52
  Speaker 2: were like, I read something online, I thought about it
• 26:54
  Speaker 2: and I can see the value here and it's still
• 26:56
  Speaker 2: in my portfolio because you're buying hold strategies working. Tell
• 27:00
  Speaker 2: me about Bendigo Bank. Why Bendigo Bank.
• 27:03
  Speaker 3: So Bendigo I've seen about forty three percent growth, which
• 27:06
  Speaker 3: is not bad. Again, I didn't actually invest a huge amount,
• 27:09
  Speaker 3: and right now it's only sitting in about three point
• 27:12
  Speaker 3: six thousand dollars. I always, again, back in my research,
• 27:15
  Speaker 3: I really wanted to own some of the banks, just
• 27:19
  Speaker 3: to dabble be in that space, in that blue chip
• 27:21
  Speaker 3: as well. And I always remember that Macquarie was very expensive.
• 27:24
  Speaker 3: I just think it looked expensive. I thought maybe it
• 27:26
  Speaker 3: was overvalued at the time. Again doing a bit of research,
• 27:30
  Speaker 3: listening to other people's recommendations, and I think Bendigo, I'm
• 27:34
  Speaker 3: a little bit dusty on my knowledge, but it's maybe
• 27:37
  Speaker 3: the fifth biggest bank or it is so. At the
• 27:40
  Speaker 3: time of investing in Bendigo, I was actually a customer
• 27:43
  Speaker 3: of UP Bank, which I really really liked. And this
• 27:45
  Speaker 3: was at the time when I had all my savers
• 27:47
  Speaker 3: and I was creating my health deposit, and I loved
• 27:50
  Speaker 3: UP and everything they stood for, and so I thought,
• 27:52
  Speaker 3: let's invest in Bendigo, invest in the parent, yeah, which
• 27:56
  Speaker 3: would be Association.
• 27:57
  Speaker 2: Yeah. Absolutely, And that's why I wanted to know, because
• 27:59
  Speaker 2: I was like, are you just picking these random two stocks?
• 28:02
  Speaker 2: They seem oddly specific. I would love to know more. Now,
• 28:06
  Speaker 2: your West Farmer's direct Chairs have returned you ninety three percent,
• 28:09
  Speaker 2: which is fantastic and very exciting. Definitely the outlier. But
• 28:14
  Speaker 2: have you got anything else that you're like, oh my gosh,
• 28:16
  Speaker 2: that had incredible returns. I didn't see it coming, Like,
• 28:19
  Speaker 2: what's been your best performers?
• 28:21
  Speaker 3: So honestly, yeah, West Farmers, which was at ninety three percent.
• 28:24
  Speaker 3: I am looking right now and it's down to eighty nine,
• 28:26
  Speaker 3: so I'm sure there's a bit of variability, and as
• 28:29
  Speaker 3: well as NDQ, which I mentioned earlier, is at the
• 28:32
  Speaker 3: eighty three percent, And really, I have had great returns overall.
• 28:37
  Speaker 3: Something I didn't say and I wanted to show, actually
• 28:40
  Speaker 3: the value and the power of compound investing is that
• 28:43
  Speaker 3: my current portfolio is at seventy five and a half
• 28:46
  Speaker 3: thousand dollars and I've invested fifty five thousand of that.
• 28:50
  Speaker 3: So the growth that I've seen across my whole portfolio
• 28:54
  Speaker 3: is thirty six percent, and that's about twenty k So.
• 28:58
  Speaker 3: I was really really impressed me not having investors for
• 29:01
  Speaker 3: two years, which I think is incredible.
• 29:03
  Speaker 2: That's very sexy. I'm not going to lie. That is
• 29:05
  Speaker 2: very sexy. It's one of those things where you know,
• 29:08
  Speaker 2: we zoom out and we talk about the average performance
• 29:10
  Speaker 2: of the Australian share market and over time that sits
• 29:13
  Speaker 2: anywhere between nine and eleven percent, depending on what period
• 29:16
  Speaker 2: of time you're looking at, and we all expect that,
• 29:19
  Speaker 2: but then we have these stories and we can't guarantee
• 29:20
  Speaker 2: that you'll get the same returns, especially because you kind
• 29:23
  Speaker 2: of had the benefit of investing at a time when
• 29:26
  Speaker 2: lots of people were pulling their money out, So that's
• 29:28
  Speaker 2: going to play into it. Sorry, thirty six percent return
• 29:31
  Speaker 2: is elite. Is there anything in your portfolio that you
• 29:34
  Speaker 2: look at and be like, excuse me, you're not performing
• 29:37
  Speaker 2: very well.
• 29:38
  Speaker 3: So I think this was one of my rogue ideas.
• 29:41
  Speaker 3: And I was listening to podcasts and I suppose Victoria
• 29:44
  Speaker 3: you can talk more about this. But I remember hearing
• 29:46
  Speaker 3: that lic So listed investment companies. I think they are
• 29:50
  Speaker 3: are quite good, and I thought, why not, you know,
• 29:53
  Speaker 3: invest in one. I did a bit of research into
• 29:55
  Speaker 3: the company that is Afi, and I think their Australian owned.
• 29:58
  Speaker 3: They had a really cool history, and I thought, why not.
• 30:01
  Speaker 3: But it's not terrible. It's just held its value, which
• 30:04
  Speaker 3: is maybe the point of it. So I'm currently down
• 30:08
  Speaker 3: one point three nine percent and it's just flooding along
• 30:11
  Speaker 3: and maybe that's the point.
• 30:13
  Speaker 2: And do you know what, I think we've all got
• 30:15
  Speaker 2: something in our portfolio that we look at and go
• 30:18
  Speaker 2: I really thought that would perform and it wasn't. But that,
• 30:20
  Speaker 2: my friend, is why we diversified. Because if you had
• 30:23
  Speaker 2: just purchased that and I got you on the show,
• 30:25
  Speaker 2: you'd be like investing sucks, Like investing is not fun.
• 30:28
  Speaker 2: But because you've diversified, we can't pick the good performers
• 30:32
  Speaker 2: like you would not have been able to say, do
• 30:34
  Speaker 2: you know what Wes Fumers is going to return the
• 30:36
  Speaker 2: ninety three percent? Because do you know what you would
• 30:37
  Speaker 2: have done? Put your entire life savings into it? Because
• 30:41
  Speaker 2: I would have and I'm not a betting woman. Do
• 30:44
  Speaker 2: you have any other investing regrets or big learnings from
• 30:46
  Speaker 2: this journey?
• 30:47
  Speaker 3: I wouldn't say regrets so much as just a lot
• 30:50
  Speaker 3: of learnings. So when I was reflecting, and you know
• 30:53
  Speaker 3: about to speak on this podcast. I thought my story
• 30:55
  Speaker 3: isn't amazing. I haven't a gained the system. I want
• 30:59
  Speaker 3: to say that I am very I'm honest, but I'm
• 31:03
  Speaker 3: also like it just shows really the power of compound interest.
• 31:07
  Speaker 3: Investing can be very like certain figure and that's the
• 31:10
  Speaker 3: approach I like to take. I don't call myself an
• 31:13
  Speaker 3: amazing investor, but I really just listen to the recommendations
• 31:16
  Speaker 3: of a lot of trusted people out there who know
• 31:18
  Speaker 3: their stuff, and I tried my hand at something, and yeah,
• 31:23
  Speaker 3: I've just followed the advice out there technically, Like I
• 31:26
  Speaker 3: don't think of investing as gambling or I know some
• 31:28
  Speaker 3: people have that out there, and I think that's when
• 31:30
  Speaker 3: you choose the riskier stocks, or you've got all your
• 31:33
  Speaker 3: money in crypto or direct companies like you were saying, Victoria.
• 31:37
  Speaker 3: But I think when you put your money in a
• 31:38
  Speaker 3: few trusted companies that you know are going to grow
• 31:41
  Speaker 3: because or it is an ETF which is so broad
• 31:44
  Speaker 3: and diversified. I think this just shows that investing it
• 31:48
  Speaker 3: really should just be seen as an everyday asset and
• 31:51
  Speaker 3: an everyday tool for a lot of young people out there.
• 31:54
  Speaker 2: Yeah, and I love it and that's obviously. I don't know.
• 31:57
  Speaker 2: I feel like I've dedicated my life at this point
• 31:59
  Speaker 2: to yelling people to start investing because I'm like, you
• 32:02
  Speaker 2: want to get rich, you can get rich. You want
• 32:04
  Speaker 2: to be financially free. I want you to be financially free.
• 32:07
  Speaker 2: Like I love this, especially because I'm like, it's so accessible.
• 32:11
  Speaker 2: Like we're not talking about rich people getting richer. We're
• 32:13
  Speaker 2: talking about a twenty five year old who once decided
• 32:16
  Speaker 2: she was going to invest and now has a seventy
• 32:18
  Speaker 2: five thousand dollars portfolio. And by the time you retire,
• 32:21
  Speaker 2: you're going to be so comfortable, Like it just makes
• 32:24
  Speaker 2: me so excited. Now I want to know. Obviously, I'm
• 32:28
  Speaker 2: making some grand assumptions here. Your portfolio. You said you
• 32:32
  Speaker 2: contributed fifty five thousand dollars and it's now at seventy
• 32:35
  Speaker 2: five five hundred dollars ish right. To get to that,
• 32:38
  Speaker 2: you would have had to experience compounding interest, which means
• 32:41
  Speaker 2: you have reinvested the dividends that your portfolio is creating
• 32:45
  Speaker 2: back into your share portfolio. Is that correct?
• 32:48
  Speaker 3: So I'm a little guilty of all the dividends I've
• 32:51
  Speaker 3: received over the last two years. I've just been saving
• 32:54
  Speaker 3: in my investment save up that's against my offset, and
• 32:58
  Speaker 3: maybe in a few months time, what very s, I'll
• 33:00
  Speaker 3: pick one of my existing ETFs or shares. I believe
• 33:04
  Speaker 3: I'm just going to put a chunk of money into
• 33:06
  Speaker 3: VDHD and that'll be my investing for the year. So
• 33:09
  Speaker 3: I suppose at the moment what I do is just
• 33:12
  Speaker 3: save my dividends at a time when I'm ready to invest.
• 33:16
  Speaker 3: And like you said, Victoria, conflict does have a fee
• 33:19
  Speaker 3: and has that minimum, so I want to make sure
• 33:21
  Speaker 3: I'm investing on a good amount. I don't do dollar
• 33:24
  Speaker 3: cost averaging just because I I don't know. I just
• 33:27
  Speaker 3: prefer to invest in a lump sum so I can
• 33:30
  Speaker 3: sort of track it against my other goals like I mentioned.
• 33:32
  Speaker 2: And yes, that gives me anxiety because I'm such a
• 33:36
  Speaker 2: dollar cost averaging girly. And it's just because you can't
• 33:39
  Speaker 2: time the market and you told me that before. Like
• 33:41
  Speaker 2: you told me before, you can't time the market, and
• 33:43
  Speaker 2: I would hate for you to make a really big
• 33:45
  Speaker 2: lump sum investment and then like the week after the
• 33:49
  Speaker 2: market crashes or something happens. Can you maybe like I'd
• 33:53
  Speaker 2: never give you advice, but maybe once you have your
• 33:55
  Speaker 2: figure and you're like, I'm going to invest, Like, let's
• 33:56
  Speaker 2: pretend it's thirteen thousand dollars or so instead of just
• 34:01
  Speaker 2: dumping that in at one time, could you break that
• 34:03
  Speaker 2: up for me maybe into like going, I'm still going
• 34:05
  Speaker 2: to do the thirteen, but I'll do it over three months,
• 34:07
  Speaker 2: like so that you get one month, two month, three months,
• 34:10
  Speaker 2: and then maybe your dollar cost averaging that way instead
• 34:12
  Speaker 2: of just like jumping a heap of cash into the market.
• 34:15
  Speaker 2: Because you're the one that told me that timing the
• 34:17
  Speaker 2: market that's not a strategy.
• 34:19
  Speaker 3: Yes, so i'd be that's actually a really good approach.
• 34:21
  Speaker 3: And I need to get back on the horse, so
• 34:23
  Speaker 3: to speak, and you know, get back in the investing mindset,
• 34:26
  Speaker 3: so maybe I will. It is a big call. I
• 34:28
  Speaker 3: definitely need to set up some of my you know,
• 34:30
  Speaker 3: the share price alerts when you can see how it's going.
• 34:33
  Speaker 3: I haven't been keeping an eye on it, like I mentioned,
• 34:35
  Speaker 3: set and forget. But yes, I like your idea. I
• 34:38
  Speaker 3: get it.
• 34:38
  Speaker 2: I'm just a girl. I was born to do investing.
• 34:41
  Speaker 2: So when you say, oh this, I'm like, oh, you
• 34:43
  Speaker 2: told me that that wasn't a good idea, So I
• 34:46
  Speaker 2: was wrong. When I said, I thought that you were
• 34:48
  Speaker 2: really investing your dividends. Your fifty five thousand dollars, your
• 34:51
  Speaker 2: dividends have been going into one account. And this basically
• 34:54
  Speaker 2: twenty thousand dollars that you've made in the market has
• 34:56
  Speaker 2: just been from increases in values of your shares as
• 34:59
  Speaker 2: opposed to re investing along the way.
• 35:01
  Speaker 3: Yeah, I was three interesting at the beginning, but my
• 35:04
  Speaker 3: dividends really increased over the last like two to three years.
• 35:08
  Speaker 3: The last two years it's been about twenty five hundred
• 35:10
  Speaker 3: of dividends, And yes, I am just sucking that away,
• 35:14
  Speaker 3: but I don't intend to spend it. I really do
• 35:16
  Speaker 3: want to intend to invest it back in Oh And.
• 35:18
  Speaker 2: That's fine, But do you know what that tells me?
• 35:20
  Speaker 2: This portfolio is all growth. It's not even compound interest
• 35:24
  Speaker 2: that's got you here, because compounding interest is the money
• 35:27
  Speaker 2: that your money makes when it's made money. But you're
• 35:30
  Speaker 2: just taking that money off the table and setting it
• 35:32
  Speaker 2: over to the side, which is fine, but that's impressive.
• 35:36
  Speaker 2: So you're telling me if you had implemented a dividend
• 35:39
  Speaker 2: reinvestment plan, which by the way, through COMSEP, you can
• 35:42
  Speaker 2: you go and tick the box and it will automatically
• 35:44
  Speaker 2: reinvest your dividends, which maybe you're interested in, especially if
• 35:47
  Speaker 2: you're like, well, if BDHG is getting dividends, maybe I
• 35:51
  Speaker 2: want them to go straight back into VDHG. You could
• 35:54
  Speaker 2: automate that. And I'm not saying you need to do that,
• 35:56
  Speaker 2: but that might be something you're interested in, because then
• 35:58
  Speaker 2: you'll be harnessing even more compounding interest power instead of
• 36:02
  Speaker 2: having the compound interest that you're being paid put into
• 36:05
  Speaker 2: a savings account for you to then invest later. If
• 36:08
  Speaker 2: that makes any sense, Yeah, it does.
• 36:10
  Speaker 3: Actually, I think that's a really good learning because in
• 36:12
  Speaker 3: my mind, I really conflate like the growth that I'm
• 36:15
  Speaker 3: seeing as compound interest.
• 36:17
  Speaker 2: No, it's literally value increasing the shares that you own,
• 36:20
  Speaker 2: which is also very sexy, and I love that for you.
• 36:23
  Speaker 2: But I'm like, go, we could be making more money
• 36:25
  Speaker 2: here and you don't even have to invest a dollar
• 36:26
  Speaker 2: more like it's all the money that your money's making
• 36:28
  Speaker 2: just making more money.
• 36:29
  Speaker 3: Yeah, that's a really good approach. I definitely I'm excited
• 36:32
  Speaker 3: listening to Brooks investing diary. I really got me excited
• 36:35
  Speaker 3: because she is so passionate and she has such a
• 36:38
  Speaker 3: goal in mind. I in my submission, I said, I
• 36:41
  Speaker 3: originally had this goal of having one hundred K by
• 36:44
  Speaker 3: age thirty, which has the goal has passed me by
• 36:47
  Speaker 3: I haven't reached it.
• 36:48
  Speaker 2: Sorry, you've bought a house as well. You know, we
• 36:50
  Speaker 2: cannot dismiss that. Sorry, by thirty you had purchased a home,
• 36:54
  Speaker 2: you had paid for a wedding, and you had invested
• 36:57
  Speaker 2: fifty five thousand dollars. Sit down, that's incredible. Yeah.
• 37:00
  Speaker 3: I think when you see it like that, it just
• 37:03
  Speaker 3: I guess it goes to show that five years is
• 37:05
  Speaker 3: a huge amount of time. A lot can obviously happen
• 37:08
  Speaker 3: in five years, but also your money can grow so
• 37:11
  Speaker 3: much or you can do so much. And I think
• 37:13
  Speaker 3: at the time of investing, I didn't appreciate just how
• 37:16
  Speaker 3: long five years is in the grand scheme of your money.
• 37:20
  Speaker 2: Yeah. Absolutely, And that's why it's a journey, right, Like
• 37:22
  Speaker 2: you're always learning new things. Yes, you invested during COVID,
• 37:26
  Speaker 2: but it's not a set and forget things. So as
• 37:27
  Speaker 2: much as you're investing, portfolio can be. I feel like
• 37:30
  Speaker 2: we're always learning new tidbits and things that we could implement,
• 37:33
  Speaker 2: or like you might get another interest, Like one day
• 37:35
  Speaker 2: you might be like, oh, I'm really interested in Transurban,
• 37:38
  Speaker 2: Like you know, that's a company that I might go
• 37:40
  Speaker 2: and purchase some shares in. And you know, now you've
• 37:42
  Speaker 2: got a little kitty to the side essentially that you're like,
• 37:45
  Speaker 2: I'm investing maybe instead of investing it all in BDHG,
• 37:49
  Speaker 2: You've found another interest that you're like, I want to
• 37:51
  Speaker 2: make sure that And as you said before, I want
• 37:53
  Speaker 2: most of my portfolio in VDHG. That's your journey. But
• 37:58
  Speaker 2: you did say you're a core satellite girly, so maybe
• 38:00
  Speaker 2: you've got a few more satellites that just keep things sparkly.
• 38:04
  Speaker 2: Like I think we've got to stay engaged as well
• 38:06
  Speaker 2: as still investing for the long term, we've got to
• 38:09
  Speaker 2: be excited about it as well.
• 38:11
  Speaker 3: Yeah, and there are some amazing Aussi companies out there
• 38:13
  Speaker 3: that are doing really cool things. And I think as well,
• 38:16
  Speaker 3: it can be overwhelming because on hot Cover all those websites,
• 38:19
  Speaker 3: definitely Reddit, people have so many bets and speculative choices,
• 38:25
  Speaker 3: and I think, yeah, I wouldn't mind doing that, but
• 38:27
  Speaker 3: I also think I'd like to just learn a lot more.
• 38:30
  Speaker 3: Like you said, there's always so much to learn, and
• 38:32
  Speaker 3: you never stopped.
• 38:33
  Speaker 2: And I feel like you've got to take everything that
• 38:35
  Speaker 2: you read on the Internet with a grain of salt,
• 38:37
  Speaker 2: especially if you're going to be reading forums like Reddit.
• 38:40
  Speaker 2: Do not get me wrong, those people are wildly passionate,
• 38:43
  Speaker 2: but that does not mean that they know what they
• 38:45
  Speaker 2: talk about. It turns out you can be passionate and
• 38:47
  Speaker 2: wrong at the same time.
• 38:49
  Speaker 3: Yes, and also there's a lot of I definitely remember
• 38:52
  Speaker 3: back in the day, there's a lot of people who
• 38:54
  Speaker 3: are like, I'm making one hundred K returns and yeah,
• 38:58
  Speaker 3: you can't believe everyone.
• 39:00
  Speaker 2: And also you're making one hundred k returns and then
• 39:03
  Speaker 2: you find out they've invested a million dollars and you're like,
• 39:05
  Speaker 2: that's actually terrible return. There's some semantics that aren't here.
• 39:09
  Speaker 2: Or they're like, oh, the revenue on that business is
• 39:12
  Speaker 2: massive and you go, yes, but their profit is dismal. Yeah,
• 39:15
  Speaker 2: there's just I feel like there's a lot of semantics,
• 39:17
  Speaker 2: and you do need to take everything with a grain
• 39:19
  Speaker 2: of salt. I'm running out of time with you, so
• 39:22
  Speaker 2: I do want to ask two more questions before the
• 39:25
  Speaker 2: end to keep it very shees on the money esque,
• 39:27
  Speaker 2: what do you think is your best investing habit?
• 39:30
  Speaker 3: I think as I sort of alluded to when I
• 39:32
  Speaker 3: first started speaking, but I had to do a lot
• 39:34
  Speaker 3: of like relearning my mindset, retraining, and understanding what the
• 39:39
  Speaker 3: value of a dollar is worth. So I think in
• 39:41
  Speaker 3: the last five years, I've really become a lot more
• 39:43
  Speaker 3: minimalist in my spending and consumption habits. So back in
• 39:48
  Speaker 3: pre COVID, I was spending a lot of money on
• 39:50
  Speaker 3: just fast fashion, random clothes, random nickknacks that I didn't
• 39:55
  Speaker 3: really need or didn't have any value for me, including
• 39:59
  Speaker 3: big nights out and things that I wasn't sure and
• 40:02
  Speaker 3: you know the next day that I actually really valued.
• 40:04
  Speaker 3: So and that's I guess where the investing comes into it, too,
• 40:07
  Speaker 3: because I would definitely much rather have this money working
• 40:10
  Speaker 3: for me in certain ways than just having a room
• 40:13
  Speaker 3: full of stuff that I don't really need or value totally.
• 40:17
  Speaker 2: I resonate with that one so much. Like my wardrobe
• 40:21
  Speaker 2: is nice because I spent a lot on it prior
• 40:23
  Speaker 2: to COVID.
• 40:24
  Speaker 3: Yeah, Like, yeah, I just think it's quite important to think, like,
• 40:28
  Speaker 3: obviously your lifestyle is important and making sure you're spending
• 40:31
  Speaker 3: on the things that you value, which is something I'm
• 40:33
  Speaker 3: really happy to say that I currently do now. I
• 40:36
  Speaker 3: always think I need to be thinking of my future
• 40:38
  Speaker 3: self and so bared me in the future. I want
• 40:41
  Speaker 3: to get out of my life and that's where I
• 40:42
  Speaker 3: believe my investing will come in handy, because I'm setting
• 40:46
  Speaker 3: up and I'm thinking of future.
• 40:47
  Speaker 2: Me yet totally or to flip that, I want to know,
• 40:51
  Speaker 2: what do you think is your worst investing all money habit?
• 40:54
  Speaker 3: It's a good question. I think sometimes it is hard
• 40:59
  Speaker 3: to I guess separate, like I know brooks Ortter spoke
• 41:02
  Speaker 3: to this too, because she's really being in fire. But
• 41:04
  Speaker 3: it's like you have to enjoy aspects of life too,
• 41:08
  Speaker 3: And sometimes I think I do have a bit of
• 41:09
  Speaker 3: a scarcity mindset and it's hard to, you know, go
• 41:12
  Speaker 3: with the most expensive option if I know there is
• 41:14
  Speaker 3: a slightly cheaper option, you know, try to weigh up
• 41:17
  Speaker 3: that balance. And I guess my worst investing habit is that, Yes,
• 41:22
  Speaker 3: I haven't stayed engaged with it and time has passed
• 41:26
  Speaker 3: me by, but I'm ready. I'm really excited to sort
• 41:28
  Speaker 3: of start again and see where it goes.
• 41:31
  Speaker 2: I am genuinely so excited for you, and just even
• 41:34
  Speaker 2: this conversation, I could see your face when you're like,
• 41:36
  Speaker 2: hold on, you're right, I could be doing dividend reinvesting.
• 41:39
  Speaker 2: I was like watching the way that you're looking at me,
• 41:41
  Speaker 2: because I'm also like, am I saying the wrong thing?
• 41:43
  Speaker 2: Like maybe this isn't in line when her values? But
• 41:45
  Speaker 2: I could see you kind of lighting up a little
• 41:47
  Speaker 2: bit to be like, hmm, maybe I should be doing
• 41:49
  Speaker 2: this or hmm, that seems interesting. So I love it.
• 41:53
  Speaker 2: Thank you so much for letting me be so pervy
• 41:55
  Speaker 2: on your portfolio. It's one of my favorite things to do.
• 41:58
  Speaker 2: Like We've released race a whole series on Instagram called
• 42:01
  Speaker 2: Pervy Paycheck and Pervy Portfolio where we break it down,
• 42:05
  Speaker 2: but now we're bringing it to the pod, and I
• 42:07
  Speaker 2: couldn't be more excited. So thank you for being our
• 42:09
  Speaker 2: very first anonymous investing diary. It has been an absolute pleasure.
• 42:14
  Speaker 2: I just know the community is going to be obsessed
• 42:16
  Speaker 2: with this, so thank you.
• 42:17
  Speaker 3: Thank you so much for having me. I'm really happy
• 42:19
  Speaker 3: I got to come on and share. And if I
• 42:21
  Speaker 3: could leave people with one thing, it's just that investing
• 42:25
  Speaker 3: doesn't have to be hard. It can be really simple,
• 42:27
  Speaker 3: really straightforward, and I think we should all have a
• 42:30
  Speaker 3: lot more confident and trust in ourselves to try our
• 42:33
  Speaker 3: hand this and get amazing results.
• 42:35
  Speaker 2: I'm obsessed with you. I love you, thank you so much.
• 42:38
  Speaker 2: That is so true. Please come and hype up my
• 42:40
  Speaker 2: community at every possible episode like I couldn't agree more.
• 42:43
  Speaker 2: I love this, Thank you, thank you.
• 42:51
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• 42:54
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• 42:58
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