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RTC45: How auto-investing will change your life · The Curve

0:00
Welcome to the Curve Podcast, a conversation for women who want to learn more about money.
0:07
They are money for the future they want to have.
0:10
We're all busy and the pursuit for financial confidence and increasing your wealth should be a simple one.
0:16
This podcast is for women to learn about investing in a non-scary or intimidating way.
0:21
With short episodes, you'll have time to learn, digest and understand everything to do with the world of investing.
0:28
So thank you for being here and for listening, because together we really can raise the curve.
0:35
So I threw a little spanner in the works with this one.
0:39
What do you mean I don't do all spanners?
0:43
I just thought I'd mix it up, you know.
0:46
We've got a schedule and I thought, you know, I'm just going to swap some around.
0:50
This makes me nervous.
0:52
I know. Like what have you done?
0:54
No, I've just, we were going to talk about US reporting season, but we're in the middle of it.
1:00
So I thought, let's wait till next week and we can kind of talk about some trends and themes from that once it's over, rather than in the middle of it.
1:07
So I just swapped some around.
1:10
I mean, that makes sense, but like, what are we talking about now?
1:13
I actually named this episode, so you don't have to.
1:16
Oh, you're really getting creative these days.
1:19
She's like running with it.
1:21
I get these messages from Vic when she's like done something cute on Instagram.
1:24
She's like, just call me head of content.
1:26
Stop stealing my job.
1:29
I just want to be you.
1:32
No, you trust me, you don't.
1:34
Yeah, totally don't.
1:36
No, this episode is called, don't be a sideline silly.
1:40
Oh, far out, mate.
1:42
You need to run the shit bars before you go live.
1:47
Okay, well internally, this episode is called don't be a sideline silly watch.
1:51
So if chooses to modify might be slightly different.
1:54
But it's we're going to talk about.
1:57
We're going to talk about dollar cost averaging, which sounds like a bit of a mouthful.
2:02
But it's all about removing the emotion from investing and trying not to time the market and all that stuff.
2:08
And effectively not sitting on the sidelines like you've got to be into it.
2:13
Yeah.
2:14
So that's a bit of a preface of the episodes.
2:17
Yeah.
2:18
So don't be a sideline silly.
2:19
Thank you for the backstory.
2:21
Hit me.
2:22
Why is it important to not be a sideline silly?
2:26
See, it just rolls off the tongue.
2:29
So we've said this quote many times and you and anyone may have heard it.
2:35
But it's all about time in the market is better than timing the market.
2:40
And it's all about being invested is much better than sitting on the sidelines.
2:45
And so many people and I hear this like so often it drives me insane is that people are like,
2:53
oh, you know what?
2:54
The market's done really well.
2:55
I'm not going to invest yet.
2:56
I'm going to wait for it to pull back or fall.
2:59
And then the market falls and they're like, oh, no, the market's falling.
3:02
I'm going to I'm going to wait until it's going up again to invest because it's because it's falling.
3:07
So these people are sitting there going and not investing at all.
3:10
And they're missing out on so many returns and who are the kinds of people that say this to you?
3:17
Oh, everyone, everyone in the industry.
3:19
Is it in the industry?
3:20
Yeah.
3:21
Yeah, in the industry.
3:22
It's people like my family, my friends.
3:24
I even do it sometimes myself and I have to check myself and be like,
3:28
time in the market is better than timing the market.
3:31
And it's because you're never going to pick the perfect time to invest.
3:37
Everyone thinks that they can.
3:38
And I reckon there's probably about 0.1% of people that actually get it right.
3:45
It's so difficult to time the market.
3:47
There's so many other factors going on.
3:49
Is that are you talking to someone?
3:53
As in, you know when someone's like, you know in movies when they have scenes where it's as if they're talking to their boyfriend,
3:59
but they're talking to like the cashier.
4:01
It feels like someone's already pushed your buttons lightly and you're speaking directly to them.
4:06
You know, like someone at work's been like, I'm just timing the market.
4:09
And you're like, I don't care, Chris, you can't die.
4:13
Is that what's happening?
4:16
Oh, I'm just, has there someone ruffled your feathers a bit?
4:18
It's just you hear it all the time.
4:20
And you just kind of sit there and you roll your eyes and you're like, OK, well good luck with that.
4:23
You know, good luck with that strategy.
4:25
We'll see how it plays out.
4:26
But I'm just going to dollar cost average, which means investing.
4:30
I'm getting really passionate about this.
4:32
I see what you mean.
4:34
I love it.
4:35
It's a hard concept to understand.
4:37
You know, it's like, well, if the market's falling, why should I keep investing?
4:40
And so we're going to go through some examples.
4:42
But it's like just explaining that when the market falls and you're investing,
4:48
you get a greater number of shares for the same price.
4:51
So sorry, the same dollar value that you're investing.
4:54
So I don't know, but it is, it's investing is emotional.
4:59
And the stock market creates emotion.
5:01
And so, you know, when the market is falling, you're like, oh gosh,
5:05
I don't want to invest because I don't want to lose more money.
5:07
And you start getting in your own heads.
5:10
And I have had to learn this time and time again.
5:12
It's taking me so long.
5:14
I still fall prey to it, you know, every now and then.
5:19
But it's like removing that emotion because you're dealing with money.
5:21
And so money is a motive.
5:23
It's stressful.
5:25
You know, and so you want, you want to do the best you can.
5:28
And this strategy dollar cost averaging has been proven time and time again.
5:34
That is the best strategy yet.
5:36
People still when the market falls or when the market's going up really,
5:40
quickly, you know, they still think that they can do better than all the studies out there and everything.
5:46
So that's what frustrates me.
5:49
It's interesting because the lesson to the facts, mate.
5:54
No, I just feel like there's, you know, ages ago, probably like when we first held recording the podcast,
6:00
I remember you saying to me, oh, don't listen to the headlines.
6:03
Don't look at the headlines.
6:05
And listen, you know, and I was always like, I'm not reading the news, mate.
6:09
Like I don't know what.
6:11
I'm not sure what you're talking about because you were really like, just trust me.
6:16
Don't, don't fall prey to that.
6:18
I can't believe I just fall prey.
6:19
That's so not my language.
6:20
But, you know, and I was like, I'm not, I'm not, don't worry.
6:25
Like I'm absolutely not reading the Guardian or any of those high brow news outlets.
6:32
I don't worry about it.
6:33
But now that we've started doing the Curve Weekly, which is this email that we're sending every week,
6:37
if you're not getting it, definitely do because it's awesome.
6:41
It's so good for me.
6:43
Sign up here.
6:44
Just sign on the dotted line below.
6:46
No, don't have the next few hours and you'll receive a free investment.
6:53
Oh, God.
6:55
That's actually quite a good idea, by the way.
6:57
Um, but no, I was just, um, meaning, like, since, since, um, looking at the website.
7:05
So basically we send out this email every week, and it's got things like top line.
7:08
What's happened in the market that week?
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And then kind of some like bullet point headlines of, of financial and business news.
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And evicence looking for stuff like that, because obviously I'm sifting through trying to find things
7:22
actually interesting and easy to pick up and not like boring waffle, because it is a lot, I must say.
7:28
But anyway, on my travels trying to find content for the Curve Weekly, I, um, come across all these headlines that are like,
7:36
oh, Tesla cars not selling the manufactured amount.
7:41
Will they make their financial blah, blah, blah?
7:43
And then I'm like, oh, shit, I've got Tesla.
7:45
Oh, God, like what's happening?
7:47
I stopped, you know, and I just, I started like spiraling.
7:50
And I thought, this is exactly what they're talking about.
7:53
Like you cannot try and be like, oh, I'll pull it out now since Tesla is apparently not sold 12 cars.
7:59
And then I'll put it again when they've sold out, you know, it's just never going to work.
8:02
It's like, if you believe in that company, you need to be investing in it for a long time.
8:07
Regardless of what stuff or guardian or the daily mail have decided that they want to print that day.
8:13
Yeah. And it's time consuming when you constantly reading all those headlines or, you know, trying to react to positive news or negative news or, you know, and it's a lot of us a time poor.
8:26
And so dollar cost averaging just removes that necessity to constantly be looking at the market, unless you want to, that's fine.
8:34
And some people do and they like to get really, you know, across the news and everything.
8:39
But a lot of people just want to invest for the long term, find some really good companies or invest with a fund, even for a really long time, and do it that way.
8:47
And this is why dollar cost averaging is so good because you just keep investing no matter what the market does.
8:53
If the market's down, is that to say you're investing?
8:55
To say what actually it is because there's probably a lot of people that don't even know dollar cost averaging us.
8:59
Like with the job sounds.
9:01
Yeah.
9:03
People like what the hell is it though?
9:05
And that's the episode. Thanks for listening.
9:07
And thanks so much for learning dollar cost averaging everyone.
9:11
So yes.
9:13
So it's regularly adding a fixed amount of money to an investment, no matter what the prices are doing or what the market is doing.
9:21
So it's like investing $100 a month into a fund every month, no matter what the performance of that fund.
9:28
It's investing $100 a month into your portfolio, into a stock, into shares, no matter what the market is doing or what the price of that stock is doing.
9:36
Because you've done the research, you've found an investment, you want to build up your portfolio, and so you are holding this for the long term.
9:44
So you don't care what the short term market movements are.
9:48
And hey, added bonus, if the market's down, you get more shares for that $100.
9:52
So that's the kind of the strategy of dollar cost averaging is just doing that regular, consistent investing over time.
10:02
And we kind of most of us are actually already doing it.
10:06
So really?
10:08
Really?
10:10
Yes.
10:12
If you've got Kiwi Saver in New Zealand, if you've got superannuation in anywhere in the world that is coming out of your salary and going straight into your investments or your retirement fund, then you a dollar cost averaging.
10:25
You're not saying they're going, oh no, actually this month, can you not invest that amount from my salary because the market isn't doing well or the market's done too well.
10:34
I don't want to invest right now.
10:36
You don't have a choice. It comes out, it goes in, it gets invested.
10:40
And so that's kind of like what we're all doing.
10:43
Is that why?
10:45
Is that why Kiwi Saver generally does well and people have a decent amount of retirement?
10:52
Is it because they're constantly investing?
10:56
Or is that just part of it?
10:58
It's more that it's taken out of your account before you actually get to spend it.
11:02
Whereas if you got given it and then had to invest it, most of us, may include it, would probably spend it and be like, oh, contribute next month.
11:12
So it's removing that money before you've even seen it and investing it.
11:15
But yes, dollar cost averaging would be part of why Kiwi Saver and superannuation is so successful because it isn't consistent, regular, investing no matter what the market is doing.
11:27
I think the problem I have with dollar cost averaging is my inability to budget.
11:34
I need to know exactly how much I have to invest otherwise I haven't dollar cost average.
11:40
Because right now what I'm doing at the end of each month, I'm like, oh, yes, I've got a little bit.
11:44
I'm going to shove that into here or I've, oh my god, yeah, I've got a bit of extra.
11:47
I'm going to put it into my Kiwi Saver. There's zero planning involved.
11:50
And I really need to sort that out because it's not regular.
11:54
So I'll just do giant lump sums, not giant hilarious, like, you know, for me, it's giant, like $1,000 or something.
12:02
Yeah, and it is hard for a lot of people, if they're freelance or self-employed that get paid lump sums or don't get paid regular amounts, they're not on a salary.
12:13
It is a bit more difficult, but it's more setting aside an amount.
12:18
And it might be small, but whatever it is, it's just making it regular and consistent because you want to remove that emotion.
12:24
You don't want to one month or one week be like, oh, I'm not going to invest because the market's doing X or I don't, I should invest because I think it's going to do this next month.
12:35
You know, it's just removing your thoughts around what the short term this of the market is going to do and just keep investing.
12:44
And there's so many studies and so many examples that show that this is the best way to invest.
12:50
Now, I'm not saying that you can't beat the market.
12:54
So that's slightly different. So investors that are stock picking or, you know, we talked about active and passive investing.
13:03
So active is when you're actually out there trying to pick stocks that will do better than the market.
13:09
I'm not saying that you can't do that with this.
13:12
You know, the dollar cost average and you can still pick say 10 or 20 stocks that you think that it's going to be going to do a lot better than the market or do really well.
13:20
And in dollar cost average into those, it's not saying that, you know, be, be completely, I guess, oblivious to, to stop picking.
13:29
It's it's not saying that it's just saying once you find those companies or that fund or that investment, just invest in it regularly.
13:36
Because it's looking up before you know it, you'll have like this massive pool of retirement savings, hopefully.
13:41
Whoa, whoa, whoa, don't get me excited.
13:45
So let's talk about your dollar cost averaging strategy.
13:49
So do you say, do you mind me asking how much you put aside a month for your investments? What does that look like?
13:57
So I contribute about 10% of my salary each month.
14:03
And then on top of that is my 3% my kiwi saver.
14:06
So I have 3% that goes in dollar cost averaging into my kiwi saver fund every month before my money gets into my bank account.
14:14
And then I do an additional 10, 10% on top of that, which goes into a fund and my stocks that I've picked, which are in my portfolio.
14:24
And then I just, it's all, I guess dollar cost averaging is like, you might as well call it auto investing.
14:30
You're just making it automatic.
14:32
It's auto investing.
14:33
Yeah, it's like sending up an AP to the stock market.
14:39
So because your dollar cost averaging, you're carving out 13% of your salary to go straight into your investments.
14:46
So you're the stocks that you've picked, the fund and your kiwi saver.
14:49
Yes.
14:50
Do you have a plan or a goal or something that you're trying to achieve by a certain, by, or is it just the idea of, you know, like I do with my kiwi saver.
15:01
Yeah.
15:02
So there's a goal that I have that I want to achieve by the time of 65 and the other, the other investments are, I don't have a second goal.
15:14
Yeah.
15:15
Which kind of goes against what we've been saying at the curve, have a goal, have an investing goal.
15:19
The reason I don't put more straight into my kiwi saver into my retirement fund is that the fund that I've invested in, it effectively mirrors the kiwi saver fund.
15:31
So the returns are very similar.
15:32
I'm just not locked into I'm 65.
15:35
So my, my psyche is that if I need it when I'm 45 for something, you know, maybe I want to buy a house.
15:43
I want to, you know, do something like that or invest in something else.
15:47
Then I've got access to that money.
15:49
If I don't need it, then I'll, when I get 65, I'll be able to combine them effectively.
15:54
Yes.
15:55
I see.
15:56
It's like a retirement, it is like a retirement account, but it's just not locked into I'm 65.
16:02
Is that dangerous though, giving yourself the ability to take it out?
16:05
Totally.
16:06
Yeah, I need to be.
16:07
If I look at your wardrobe, I'm like, is lots of this meant to be your kiwi saver money?
16:11
Probably.
16:12
I mean, gosh, I probably would have, yeah, I'd probably be much closer to my retirement goal.
16:16
If I didn't speak it, money on clothes.
16:19
If it makes you sick, imagine if we went through your wardrobe and added up everything in there.
16:25
It would be, that would be retirement fund.
16:27
Would you like it sound like I'm a shopper holic?
16:29
No, no, no, no.
16:30
No, I mean, quality.
16:31
You get beautiful stuff, but it's certainly not, you know, sheepers, chiffs.
16:37
Yeah.
16:38
I really want to run.
16:39
Sorry.
16:40
Oh, my God, we're so off track.
16:41
Sorry, sorry.
16:42
I know.
16:43
So I really want to go through, because there might be people being sitting here being like, you
16:46
know what?
16:47
I reckon I could time the market and I reckon, or I have a strategy that could work better.
16:52
Or so I want to run through, do you reckon there's some non-side land cellies?
16:56
Yeah.
16:57
I reckon there's people that are, you know, don't think, don't self-identify as a side land
17:02
celly?
17:03
Well, I just think that there's, I just want to run through a study that shows that this
17:08
strategy works.
17:10
And this is just one of many, many, many studies that have been done out there.
17:14
And it was done by a company called Charles Schwab.
17:17
So they like this large US broker financial company in the US.
17:21
And it was done last year.
17:23
And I just, I, that their findings was that there is a very, very high cost to sitting in
17:31
the sidelines and being a side line celly in terms of the amount of money that you're
17:35
actually losing out on and, uh, and waiting for that best entry point.
17:40
So they had five different people, fictitious people, and I just love the names.
17:46
It was so good.
17:47
Oh, is it easy?
17:48
No, no.
17:49
Of course, no.
17:50
I have this weird fascination with calling you run Mary.
17:57
We never, when either of it does an example, it's like, so Mary, I'm like, can we use some
18:01
CUDA names?
18:02
Like not.
18:03
I mean, Mary's phone, sorry, sorry, I have someone to call Mary and they love that.
18:07
I'm just saying it would be nice to just mix it up sometimes.
18:10
I do.
18:11
Side line celly.
18:12
Oh, yes.
18:13
Yep.
18:14
Uh, anyway, so they had these five scenarios.
18:19
So the first one was perfect Peter.
18:22
And Peter was, he timed the market perfectly.
18:26
So he was either very lucky or very skillful, but he managed to time the market perfectly.
18:31
And so over, uh, they each had $2,000 to invest every year.
18:37
And they got that money at the beginning of the year and they could invest that any time
18:40
throughout that year in order to try and maximize their return for that year.
18:44
So perfect Peter, he invested at the bottom of the market, uh, each year for that year.
18:51
I mean, he now.
18:52
Yeah.
18:53
Yeah.
18:54
Uh, this is perfect.
18:55
Peter perfect.
18:56
Yeah.
18:57
The second one was Ashley Action.
18:58
I did not count with his names.
19:01
Uh, and she took a pretty simple approach and each year, when she received her $2,000,
19:08
she invested that every, every day on the first day of that year.
19:13
So on the first of January, every year she invested that no matter what.
19:17
So she is, isn't that kind of dollar cost averaging?
19:21
Oh, sorry.
19:22
Yeah.
19:23
So she, this is, this is one kind of dollar cost averaging strategy, but it's investing immediately.
19:27
So as soon as you get the money, investing it, yeah.
19:29
So this is, this is a dollar cost averaging approach.
19:32
And then we had monthly Matthew and he divided his $2,000 over 12 equal installments
19:38
over that year and invested in 12 equal installments.
19:41
So again, another strategy of dollar cost averaging.
19:45
What's the difference between action Ashley and monthly Matthew?
19:50
So, so Ashley invested straight away.
19:52
So she get it.
19:53
She's got it on the first of Jan.
19:54
She invested straight away.
19:55
Mm-hmm.
19:56
Matthew Muppley.
19:57
Oh my god.
19:58
He split that $2,000 over the year and invested it in 12 equal installments.
20:05
So it was more spread out.
20:06
More spread out.
20:07
Yeah, yeah.
20:08
Love some.
20:09
Yeah.
20:11
Rosie Rotten.
20:12
She got, she had incredibly poor, she had really, really bad timing.
20:15
Rotten timing.
20:16
She invested at the peak each year.
20:18
So the opposite to Peter Perfect.
20:20
And then we had Larry the Lingerah who left his money in cash and didn't do anything at all.
20:26
I can't believe this is an actual silly.
20:28
It's amazing.
20:29
I know.
20:30
And Larry the Lingerah and the findings were like crazy.
20:35
Sorry.
20:36
What did Larry do?
20:37
He didn't do any.
20:38
He just sat in cash.
20:40
Yeah.
20:41
Okay.
20:42
So this is over.
20:43
He was getting stolen on his sofa.
20:45
Yes.
20:46
Exactly.
20:47
Yes.
20:48
This is for 20 years.
20:49
So this is this is how this played out.
20:51
And so.
20:53
Shit.
20:54
So Larry the Lingerah lingered for 20 years.
20:56
For 20 years.
20:57
I know.
20:58
He did nothing for 20 years.
21:00
Yeah.
21:01
And he obviously as most of most people will probably realize he had the worst outcome at the 20 years.
21:07
Because he didn't invest it at all.
21:09
And then obviously Peter Perfect.
21:11
He had the best.
21:12
But again.
21:13
It's.
21:14
That was either luck or very, very good skill.
21:18
But he timed it perfectly like nailed it.
21:22
And the difference between him and the $2 cost averaging people.
21:28
Action Ashley and monthly Matthew.
21:31
Oh.
21:32
So yes.
21:34
The difference over 20 years.
21:37
Was about $15,000.
21:39
So not much at all.
21:42
Is that.
21:43
So.
21:44
So if you're sitting there.
21:45
Wow.
21:46
And yeah.
21:47
So.
21:48
The dollar cost that those two.
21:50
The dollar cost averaging different dollar cost averaging strategies, but still invested it consistently.
21:55
And so, they were Mt.
21:57
Notice, they were moved to motion.
21:59
They either did it over each month.
22:01
Over the.
22:02
Over the year, or they did it immediately.
22:03
Their outcomes were better than.
22:05
We'd better than obviously leaving it in cash.
22:08
But also the other.
22:09
The other person who was the.
22:12
Russian Rosie.
22:14
Who had the worst timing.
22:16
Even her.
22:17
Even her.
22:18
her outcome, even her outcome was only about $15,000 less than a dollar cost
22:24
averaging. So she was 30,000 behind the the perfect
22:28
Peter. Yeah. So there's not much in it, but it just shows. But
22:32
the difference would be perfect Peter. Exactly. So then the
22:36
stress that you would get from being perfect Peter versus the
22:40
other three options, even a pretty sorry, no difference.
22:46
And so it just goes to show, but don't be a Larry Lingerah or
22:49
a sideline Sally because because that is where she is. She's
22:56
married to Larry the Lingerah. Yeah. But in all seriousness,
23:04
we'll sell it in the study. No, Sally was just someone I made
23:08
up. She'd be left out. Okay. But more appropriately, she is
23:11
very Sally is Larry. And she had a very, very, she had like
23:17
over $100,000 difference. So there's a big. Oh, yeah. So the
23:25
difference of sitting in the sidelines and not investing and not
23:28
doing anything versus just investing it. Even if you're
23:32
timing it badly, you're timing it consistently or you're
23:35
timing it perfectly, it's better to just be because yeah,
23:39
exactly. It's better just to be in the market, like being in
23:43
time in the market is better than trying to time the market. So
23:47
just invest, invest, invest, like I cannot say this enough, just
23:51
how much better it is to even invest badly than sit in cash. Sorry,
23:58
not the don'ting that, but yeah, it's even so might be my
24:01
favourite we've even know. I love that we've got all these
24:05
friends who are thus the Lingerah. I know. Yeah. Peter with
24:08
what Matthew, we've got Rosey, there's just so many fun
24:11
characters. No, no, so fun. And the moral of the story here
24:14
kids is, invest, invest. If you're sitting here thinking, I
24:19
really need to do that. I really need to set up my stake account.
24:22
I really want to invest in this fund, but I can't be
24:25
left calling the company, do it because honestly, you're
24:29
gonna look back and want to hit yourself in the face. I think
24:31
if you have them, exactly, invest and invest and invest. And
24:35
everyone wants to buy stocks or shares at their lowest price.
24:39
Of course, we do. That's what we want to do is to pick the
24:42
bottom and invest at the bottom. And then everything just goes
24:45
up from there. But nobody knows what the market's going to do.
24:48
Nobody knows. There's so many drivers that move a stock
24:52
market. And so it's like, don't consume your energy with doing
24:56
that just invest consistently and invest regularly. And
25:00
before you know, you'll wake up and you'll have hopefully
25:04
the large solution. I know people that, you know, in and
25:10
out of companies all the time and trying to, you know, time
25:13
the market and do really well, by not investing too much in
25:18
the end. Yeah.
25:23
That's what it's working. He's totally not a dollar cost
25:26
average. He'd be like, I'll whack it on now. He would
25:29
absolutely not be. I think that's all separate. Who
25:32
would be like, oh, yeah, let's invest this. Yeah, yeah. Yeah.
25:34
So like, if love isn't me, I hope he listens to this. He
25:38
definitely won't, but I hope he does. Can I just ask you
25:40
very quickly? So in my situation, I've been lumping it in.
25:45
I've been just doing big lumps into like when I have money, I'm
25:48
like, I'm going to lump that into my fund, or I'm going to
25:51
lump that into the stocks that I've picked. So I need to
25:54
change that immediately, basically.
25:57
Well, you're actually action. So I guess, yeah, at least I'm
26:02
there in action, gal, at least you're investing at least you're
26:05
not sideline, Sally, or Larry, the lingerer. Yeah, true. Or
26:10
rotten Rosie, because I haven't been rotten Rosie, because I
26:13
I finally built up the confidence to invest when the market
26:17
was pretty low, like, sit down and say, oh, so I definitely
26:20
haven't been too, as rotten Rosie. But also, that's also as if
26:25
I'm trying to time the market, which is not what I should be
26:27
doing. No, just invest. But now such a good time to invest,
26:31
because it's so low, I actually should do a bit of a lump now
26:34
and then start my dollar cost average, I shouldn't know.
26:37
Whatever you want to do. Sorry, not advice. Yeah. We are not
26:41
a financial advice hub, and you should always do your own
26:44
research. Okay. Well, this has been fabulous. I'm so happy
26:49
that I'm not Larry or Rosie or Sally. But I would also not
26:55
like to be perfect, Peter, I want to be monthly Matthew. How
27:00
easy is it to remember the names? Yeah, I'm going to be
27:02
monthly Martha. Oh, now we're just confusing people too many
27:05
friends. Sorry, sorry, too many friends, too many friends.
27:08
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27:43
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27:55
Raising the Curve. Please subscribe and leave a review on
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