Latest / The Curve / TCW16: Taylor Swift and Ryan Reynolds are surprisingly clever with their money!

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TCW16: Taylor Swift and Ryan Reynolds are surprisingly clever with their money! · The Curve

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Hi and welcome to the Curve Weekly, the podcast that keeps you up to date with all the money,
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business and stock market tea. Everyone should experience for us at least once in their lives
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and Annie shouldn't miss out just because she can't afford it. Help me own pool.
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I went to the 1975 last night. Did you? We were recording this last night.
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No idea who they are. I know I was getting so much shit for it as well. If I was like,
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oh cool, the 19th year. The guy in Maddie Healy who is the head singer
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I was on stage with a bottle of wine and just like smoking on stage and drinking and stumbling
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a lot. I was like, is this part of the act or is he being serious? He liked just out of it or like
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yeah, he was like, I was like rolling back his head and stuff. I think it's part of the act
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but I was just like, this is quite embarrassing. Yeah, you're like, oh so this used to be the smoke-free
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Oh yeah, it's fine as well. It's like a fire has it. Yeah, I was like, what happens if he drops the
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smoke? Excuse me, excuse me, excuse me, it's actually smoke-free in here. I'd be like, out.
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I know everyone else is under 12 but I'm a bit worried about the smoke hazard.
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But that was fun. Yeah, it was real fun. At one point he was like, shout out to everyone
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over 30 and I was like, woo! In no one else. You're like, you're like, you're around a shit.
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Shit. Oh god. But I woke up this morning and realised that we've had to give the out of
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the e-tron the curve car back and I had to walk to VIX house for this podcast. And me
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are patiently waiting by the door to film so rolling up in the Honda Jazz. It was too embarrassed.
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So good. I literally walked here because I thought, fuck, I can't actually bring myself to drive
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this car yet. And I was running late and I started running and then I fell. I drove my foot.
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It's been a morning. It's been a morning. It's been a morning. Flat on my face just on the side of
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the road and I thought, far out. So I've been almost driving through a grey lane about 1130
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on a Saturday morning. So you would have seen me. So I actually at one point was lie down and I
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thought, I can't bother getting up. I was going to lie here. It's a real fun place.
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Hey, well I'm in a good mood. Are you? Why? Because I've got a spray tan. I know you're looking
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so glowy. But I'm in a good mood. Not only because I've got a spray tan, but because the inflation
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rate in New Zealand dropped from 7.2 to 6.7. It's like half a percent which doesn't seem big but
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in inflation change terms, it's really good. How did that happen? And why did it happen?
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Because it means the cost of things are getting less expensive which is really good. I don't think
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I can confirm that's true. I know, but you wouldn't be able to notice half a percent. I don't think.
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But it just means it's a good sign. Because my flatmate was reading some email about some
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OCR or like it's still 6.7%. That's still high, but it's lower than the highest.
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Because they were expecting it to be higher. If something about economists thinking it was going
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to be higher than that. Whereas the UK was the opposite. That was higher than I expected. So
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at least we're in the right direction. And hopefully it will continue to get better and better.
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And maybe in 10 years time we'll be back to 2%. I'm joking. Oh my god. I was like, I can't afford
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another 10 years of this. I don't know. I don't think anyone can. Someone sent me the
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actually it was on Instagram. Did you see that? It was like, I'm actually going to read it.
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Oh, the cosy lips. You know, hold on. Oh, sorry. Okay, I'm just going to find it because it was
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quiet. Someone sent it in. And they were like, sorry, people appreciate this page. In the meme was,
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I can't go that low. Sorry babe. Especially with the cosy lips and all that chairs.
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And then the other person goes cosy lips. She goes slam for cosy lips. The cosy lips, the cosy lips
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crisis. I totally feel that. Yeah. God. The fact that it's become slaying is bad. You know the fact
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that everyone's feeling it. It's been around for such a long time that it's become cosy lips.
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It's on abbreviation. That's depressing. Let's hope we don't have much of the cosy lips much
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longer. Yeah. Well, I mean, if it's going down half a percent, when was this comparing to like last
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year? So this time last year? Oh, God. Only half a percent in a year. Sorry, this time last month.
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Oh, yeah. Sorry, sorry, sorry, sorry, sorry. Jesus. Yeah. Oh, that's quite good. Yeah.
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So if it continued to go down half a percent for the next six months or something,
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yeah, then we could be back at, you know, two to three percent. Which means interest rates will
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come down, which means more goods, repayments will come down, all that chairs, which is really,
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really good. I'd really love to do any episode maybe on our on raising the curve, like the long
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episodes on the property market and understanding that because in all honesty, I'm like, is it a good
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time to buy? Not that I have enough to buy, but I would love to understand the difference and
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interest rates and how they work and what that means for homeowners blah, blah, blah. We'll save that
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for another episode. Yeah, yeah, yeah. Yeah. But in this episode, I'm going to talk about good old
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Taylor Swift. Oh, yeah. Fuck, she's, she's awesome. I love her. I know. She's so cool. We have such bad
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taste in music, both of us. We have like really lame taste. Oh, you saw my running playlist,
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honestly. I had friends over the other night with the other weekend. And they're like, let's put
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on your Spotify. I was like, no, no, no, no, yes. I'm like, I'll just search your song. I'm like,
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no, no, no. Let's look up this person. You're like, oh, no, no, no, no, no, I'll do it.
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Just type in quick enough. So no search history comes up. Mine's like, yeah, pretty embarrassing.
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But that's sort of the whole 1975. Yeah. It's a lot of music. So I messaged a few cool friends to
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be like, what are you doing on Friday night? Do you like the 1975? And I'm going to
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Oh, Jay.
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No, he's cooking of pop stars.
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So Taylor Swift.
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So she came out last week that she turned down a deal
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by FTX.
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Do you remember that crypto currency platform
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that went bust and they owed millions of,
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sorry, billions of dollars.
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And then that guy's now going to jail.
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She turned down kind of endorsement
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to be a brand ambassador by them
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because she was like, what, this is an unregulated security.
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Just meaning that there's no regulation around it.
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And she was like, she was kind of sitting there going,
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I think this is dodgy.
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And yes, you're paying me a lot of money.
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They were going to pay her $100 billion.
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Billion.
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Billion.
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I know.
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I mean, it might have been in crypto,
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in crypto, but they were going to pay her that
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to endorse FTX, which is outrageous.
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She asked the question, is this unregistered?
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What are the risks?
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So this is back in the day.
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We're not back in the day.
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Recently, when Kim Kardashian
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had a bunch of Tom Brady Naomi Osaka,
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that tennis player, Stephen Curry, the NBA player,
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a lot of them endorse it now.
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They're being, they've got lawsuits against them.
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And so it's just,
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Oh, tell us what.
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Yeah, it's just like for her for such a young female
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to be asking those questions.
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And all these kind of older, more sophisticated,
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famous people, actors, you know,
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two have just jumped on the bandwagon
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because they would have seen a 100 billion.
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And we're like, oh, yes, yes.
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So it's just a really good reminder that,
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you know, always make sure that you are listening
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or being educated by a reputable source like us.
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Yes, and also asking,
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knowing to ask questions,
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and that it's okay to ask questions
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if you don't understand something,
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because I think that's where a lot of people run into trouble
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is that they think they're going to sound stupid
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by asking a question.
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100%, but actually, it's totally fine
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if you don't understand something
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and you're way better to be fully informed
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even if you have to ask 100,000 questions.
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Because you're not supposed to be an expert at everything.
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And I think that's what I realized too late.
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You know, when I was in the finance industry
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and I was with a lot of very experienced people
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and I was scared to ask questions
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and then on reflection, I'm like,
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I'm not supposed to be new to the industry
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or new to my job and know everything.
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Like nobody does.
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And also, this is people that aren't,
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it's not even their job.
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Yeah.
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And that stuff doesn't work in finance.
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Totally the deal, probably.
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You're just investing your own money.
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So you have every right to ask questions.
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Yeah. So a go-tease whistle.
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And it's kind of also a reminder
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if it sounds too good to be true, it probably is.
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A hundred billion dollars is to be a paid ambassador
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that, to me, sounds way too good to be true.
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It's like, okay, what are the risks?
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Totally.
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I'm dodgy.
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Also, a hundred billion would sit you up for a bit.
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Like, you could do that and be sent to jail
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for a couple of years and then have to...
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She made about 1.5 billion from her to her.
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So like, a hundred billions.
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It's just like outrageous.
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Really, she made 1.5 billion from the tour
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and it would have been 100 times that.
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Yeah, and she still turned it down.
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I know.
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I don't even understand how they would have
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that much money to pay.
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That's why I think it must have been in crypto or something.
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Right.
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But my dad always said that.
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He's like, if it sounds too good to be true,
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it probably is.
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You know, if you're buying a car and it's like super cheap.
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To control it out of you.
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Oh my God, I'm dead, it's a bargain.
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He's like, if it sounds too good to be true,
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it probably is.
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I was like, yeah, so it's a good reminder.
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Staying on the famous people topic,
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we had Ryan Reynolds, who is also pretty astute
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in the investment world.
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Oh, I read about this in the Curve Weekly email.
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I'm really keen to have one of those.
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So recently he sold a steak.
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So he had a sheer holding in a mobile business
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called Mini Mobile.
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And it got bought out by a bigger mobile company
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called Team Mobile.
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And he had a steak in that.
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So he owned shares in that.
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And when a company gets bought out by another company,
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you sell your shares to that company
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and it becomes, becomes owned by that bigger company.
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And so it would be like if a company bought the curve,
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we owned shares in the curve,
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we would sell those shares to the curve.
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And sorry, we would sell those shares to the bigger company.
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And then we don't own anything to do with the curve.
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It's owned by the bigger company.
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And so he had shares in this business
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and he made $300 million
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because of his sheer holding in this mobile business.
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And then more recently, he's also bought into
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another small finish payments company.
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I'm going to butcher the name.
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Finish?
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Oh, like Finland.
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Finland, yeah, not finished.
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Yeah, it was a long one.
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It's called Nuve, but I probably butcher that
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pronunciation so apologies.
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But yeah, so he's kind of doing a rinse and repeat,
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in most sense, you know, in terms of investing,
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this company will probably do well.
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He becomes like the face of it
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or has a lot of involvement in the campaigns, the marketing.
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I think that's a really key element to it.
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Because he basically puts his face to a brand.
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And it's a business profile.
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He puts its revenue, sales, profitability,
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and then he benefits as a shareholder.
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Rather than just like he's some being paid to market
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a product or something, he's got skin in the game
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or whatever it's called.
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He actually owns a quite a decent portion of that business.
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And his vested interest for that,
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to be promoted wealth, him to promoted,
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and then to be able to make money.
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And he's got a recognizable face.
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So it kind of makes sense for him to use that
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to help further improve the share price
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and the value of the business.
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I wonder if he does his due diligence?
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Do, do, do, oh my god.
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D-day.
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D-day.
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I wonder if he does his D-day on the business before.
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Definitely.
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He would.
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Yeah, if you're investing a lot of money,
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you're doing, well, you've got teams of people
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that would do that for you.
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And you know it's a good investment.
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Yeah, yeah.
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But we had someone send in to the curve,
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a screenshot of Ryan Reynolds linked in page.
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Because I was saying, I was like, well, acting must be his
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side hustle.
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He makes so much money from investing, you know, acting,
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which you think is his main gig probably isn't.
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And she sent a screenshot of his LinkedIn.
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And it was like part-time actor, full-time business owner.
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Oh, really?
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I was like, oh my god, it's true.
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And he's like, yeah.
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And he's like, the people are saying to send us all this stuff.
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I'm like, we don't have to do any content creation.
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I mean, any research is great.
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But in other news, we also had Netflix release.
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So they're usually always one of the first companies
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to report their financial results.
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And we're now in reporting season again.
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So this comes around pretty much every three months.
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And yeah, it was pretty subdued start to,
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really?
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They didn't fit who else.
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Yeah, because I actually checked my shoes.
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He's account recently, because I've invested a little bit
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in Netflix.
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And I was showing my step-mom, actually,
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what I'd invested in.
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And I was like, oh shit, Netflix is down quite a bit.
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Yeah.
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I mean, it was down only 3% last week, but it's up 50%
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over the last 12 months.
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But it still hasn't reached.
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So it reached nearly $700 per year in November 21.
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And it's fallen to about 320.
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That's huge.
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So it's still well off where it previously was previous highs.
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So even though it's up 50%, it's still well below.
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So it's kind of a case of if you think that Netflix
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is still going to grow and still going to be around.
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I do.
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Yeah, I mean, I'm still watching Netflix.
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They're still bringing out great programs.
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But yeah, they're cracking down on this password sharing.
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Sophie, I don't see your Netflix.
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I see your neon.
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I'm like, do you?
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No, I don't.
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Is it the same one?
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No, good to know.
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Yeah, yeah.
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Nope.
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Which will hopefully boost revenue in the late half of the year.
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Because how many people are using passwords?
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100 million people are sharing passwords.
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So even if you crack down on 50 million or half of those,
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I can imagine that much more revenue.
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But yeah, it's hard to crack down on.
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That's why it's taking so long.
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And then we also had Tesla as well.
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Last week, which also didn't do too well.
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Their share price fell 11% last week.
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But again, it's up 50% this year.
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Why wouldn't do you know why it fell?
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So they're actually cutting the prices of their vehicles,
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which is never really a good sign.
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I think we spoke about this a while back.
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Because if he runs demanding your product,
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you can keep prices high.
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If there's fewer people demanding your product with anything,
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then you're going to have to cut prices to stimulate.
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Is it because there's other competitors?
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Yeah.
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And it's a case of that also hits their profit.
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And because you're not generating as much money
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from each car.
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But the company is still pretty positive.
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Elon Musk's still pretty positive.
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They're still generating about 2 million cars a year,
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which is quite nuts.
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But it is the second time they've cut prices this month.
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So investors and shareholders are like,
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that's not a very good sign.
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But again, it's all about taking a long-term view.
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If you think that there is still going to be more
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Teslas on the road in five, 10 years' time,
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or if you think that Teslas is really innovative company
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in terms of what they do with batteries and even vehicles,
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there's lots of technology in there and IP
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that they could use for other things,
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then that's when you'd be thinking down, right?
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Yeah, a lot of people, a few friends,
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a mess of you being like, have you seen Teslas?
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Oh my god, what should I do?
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I was like, zoom out.
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Like, yes, it's down, I'm like, hey, hey,
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none of that energy.
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Sorry.
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Sorry.
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No, I was like, I was like, zoom out.
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It's down, yes, it's down 11% this week,
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but it's up 50% this year.
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And yes, headlines need to sell newspapers and magazines.
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And so they're going to be like, Tesla,
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Mr's expectations, earnings and cutting prices and all that.
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But it's a long-term game.
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And that's why it's very easy to get caught up
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in the short-term headlines, but...
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Cool.
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Have confidence.
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I mean, I've got Tesla.
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I don't know if I'm going to invest more in the moment.
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Well, I have no money in the restaurant now anyway.
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You should see Sophie's wallet.
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Oh, it's fine.
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There's that you think, where is that?
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She's gone around running around last night with cash.
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She's like, he has $20 for my cocktail.
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And I was like, I was like, girl, you feel,
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you look like a drug dealer.
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And I was like, handing out cash to your friend,
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and he's in a plastic snap-fock bag as well.
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I was calling it my baggy.
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Yeah, everyone was like, it's really not.
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I'm going to shake it off.
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It's like, I bet you my friend at the concert
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was like, can you pass me my baggy?
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She was like, oh my god.
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She was like, please don't call it that.
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We're going to go find the baggy.
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Oh, yeah, go find it once again.
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Do-do-do-do-do.
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Here it is, the baggy.
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So the funniest part about this
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is in a really nice handbag.
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And then inside the handbag is my baggy.
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And you're like rummaging around.
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It's so good.
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Oh my god.
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Oh, it's got my tablets in it.
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I've got fake coins in it.
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It was real.
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She's also got fake coins, honestly.
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This girl continues to surprise me.
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Do you know the funniest part about this?
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Yeah, not in fact, just lucky as to see us doing.
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But it's quite organized, I thought.
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Given I thought.
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Mm-hmm.
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Thoughts, you're in.
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Thoughts, thought.
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Well, I don't have a wallet at the moment.
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And I thought it's better to put it in something.
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Yeah.
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And actually, to be honest, this money was my Christmas money
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from my dad.
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I found it in my underwear drawer.
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I thought.
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Yes, there's $150.
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So now I'm just making my way through the cash money.
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Cash money.
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Is there anything else?
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Or do we want to talk about my plastic wallet for a while?
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We're just going to, um, I want to finish with some 1975.
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Oh my god, I love that.
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But it won't be worth it.
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Can you do it?
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I love it.
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Oh my god.
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It's a great song.
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I didn't know this was there.
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Yeah.
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Oh my god, this is...
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I feel like I could cry.
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All right, I'm going to pretend I'm at the concert.
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Oh.
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Somebody.
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