Latest / The Curve / TCW53: BREAKING NEWS! Vic has a joint account (and it’s not with Soph)

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TCW53: BREAKING NEWS! Vic has a joint account (and it’s not with Soph) · The Curve

• 0:00
  Hi and welcome to the Curve Weekly, the podcast that keeps you up to date with all the money,
• 0:06
  business and stock market tea. Everyone should experience for us at least once in their lives
• 0:10
  and Annie shouldn't miss out just because she can't afford it. Help me, I'm poor.
• 0:15
  The weirdest thing just happened, well actually not just then, but like two hours ago,
• 0:21
  so we work from the city works depot, that's where we sort of work out of when we're in Auckland,
• 0:26
  and I've been complaining about my skin. You know, when you're in adult and you get acne,
• 0:31
  and it just sucks, and you feel so... And you're like, puberty is over, why am I still getting this?
• 0:36
  Yeah, and we, I don't know, it's been like really getting me down lightly, just my skin and
• 0:41
  feeling like a teenager. I've definitely just had like shit pimples popping up everywhere,
• 0:47
  and I'm offered, and we ran into Emma Lawson, who has this New Zealand skin care brand,
• 0:52
  and she just has some most beautiful skin. And I was like, of course, flawless, beautiful,
• 1:00
  and here I am with like, you know, just pimples out, and I just don't know what happened,
• 1:04
  but I had a bit of a like, over sheer moment, and I was like, oh, I'm just so sick of my
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  skin, do you have any tips? She's like, well, I mean, you said it, come with me.
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  No, but also, you know, how you can tell when people are super passionate about their work,
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  and I don't know, there's a difference between just selling products, and then actually really
• 1:21
  believing in what you're doing. And she's never talking about like the science of this new
• 1:25
  product she'd brought out, and it helps with, I think I might be getting this wrong, but something
• 1:29
  about probiotics, and how sometimes your face is like breeding too much something or other,
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  and you've got to stop the production of it. Anyway, she was so sweet, she took me, she took
• 1:40
  both of us into the evolution of systems, like, here you go, try these out. Oh my god, I actually
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  feel like I could burst into tears. But it is true. It's like, when your skin is really bad,
• 1:50
  all you want to do is put so much product on to try and make it better. And you're like, okay,
• 1:54
  I'm going to try, if it's too oily, I'm going to try heaps of products to dry it out, and by
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  supposed to, and the best thing, which is what she said is to just strip it back to basics. And
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  it's so true. Whenever you have breakouts, a rash, oily, yeah, I don't know, I just, it's
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  personally what I find is you just go back to the real basics, and because the more you try and
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  do, the more it kind of infuriates it. Hey, what's happening in the stock market? I'm glad you
• 2:17
  are soft. Yeah, I can't wait. Fill me in. Well, there has been a lot going on this week,
• 2:24
  last week. Will we next week? Because it's reporting season. So, who are we? It's a big week.
• 2:31
  Really? Really? Meta? That's the reaction I'm after. No, I just went wow and really, which
• 2:38
  keeps happening to me, slurring two words into one. We, we, we, we, we, yes, we have meta,
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  we have Amazon, we have Microsoft, we have alphabet, which is Google, and we have Apple. So,
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  lots of big companies reporting results this week. And the key thing with these large companies
• 2:58
  reporting their results is that because they're so massive, because they've got such a presence
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  and so many different countries all over the world, they're a really good, like, barometer
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  for how the world is doing. So people look at their results with a microscope. So,
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  we had alphabets results, which was actually quite bad. It's not price fell about 6% on the day.
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  And that's all because Google is seeing a real, real slowdown in advertising growth. So,
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  companies not as many as much on Google ads. For example, and they've announced a massive
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  investment into servers and data centers for their AI. So, they're investing 11 billion dollars
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  into hardware to service their investment in AI. So, that's massive. 11 billion.
• 3:49
  It's a huge amount of money. I know. I'm just, I can't even fathom. I wish I knew what that was,
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  like, to the moon and that. You know how people were like, that's $100 notes stacked on top of each
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  other to the moon and back. You know, that is a lot of money. So, do you think the fact that they're
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  investing like 11 billion into this is a pretty good indication that I mean, alphabets
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  an enormous company, there's obviously incredibly intelligent people running it. The fact that they're
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  investing so much in AI, would you think it's like a big tech in terms of like, oh yeah, AI,
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  like the opportunities they must be seeing and the growth that they'll see from that investment
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  is obviously really massive. A good question. It's always quite risky because investors,
• 4:32
  they want to see companies investing for future growth to a point. They don't want to see companies
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  investing and spending billions or millions of dollars and then not seeing any results from it
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  and not seeing any growth or any traction. There's some investors that are like, oh, is this quite
• 4:50
  risky by Google or is this going to pay off? And that's where your decision as an investor,
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  you would look at that headline and go, oh, amazing, they're investing 11 billion. Yep, you know what?
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  I'm going to invest more money into alphabets or you might as an investor go, oh gosh,
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  I don't think Google's going to win this artificial intelligence race. I think it might be Amazon
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  or someone else, Apple or Microsoft. So I'm actually going to not invest in alphabets.
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  But sorry, what do you mean for in terms of the race? Like, isn't the whole point that it's
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  going to be something that all of these companies will be implementing and benefiting from?
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  It's one of those one AI platform and whoever gets their first is going to be the winner.
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  Isn't it probably quite a good sign if all of these companies, all of them are investing
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  in it because they all see an opportunity? Wouldn't it be more scary if you were to look at it and see,
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  okay, meta and alphabets are investing all this money in AI but Microsoft and so on so
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  are deciding not to? Then it would be way more opinion based on whether or not AI is a good idea
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  if all of them are doing it. Good question. No, they yes, you're right. The whole AI space is
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  growing and it's going to permeate into lots of different areas of our lives. But with all these
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  big companies, there's only so much market share. There's only so much space for a new technology.
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  So someone's going to win that race. You stay all might benefit, but someone's going to be the
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  dominant go-to for AI or someone's going to be the dominant go-to for search like Google is.
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  Someone's going to be the go-to for social media. A lot of companies start out trying to win the race
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  and then there's usually one that is the go-to for everyone. Yeah, there's lots and when I say
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  when the race, it's metaphorical. It's not like cool you've won, but right now Microsoft looks like
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  it's winning the race. They've got the investment in chat GPT. The investors have been able to see
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  the benefits of their investment in AI. So right now from an investor point of view, they are winning
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  the race in terms of AI and that's been reflected in the share price. Is that kind of a sense?
• 6:56
  Yeah, so what a good way of thinking about it be if you look at Netflix and the fact that they
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  are, they were the first in market and when people talk about Netflix and chill, the brand that they
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  use is Netflix. Similarly with, you know, not normal taxis. We say Uber, yeah, but there's also
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  a million other brands. So it's like, yes, there's going to be lots of people that have the same
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  type of business, i.e. incorporating AI into what they're doing, but there'll be the one main
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  leader who is kind of like this iconic AI central business kind of. Yes, exactly. Yeah, the go-to,
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  when you say AI, you think of Microsoft. It means you have less advertising. Naturally,
• 7:43
  people are going to gravitate towards your product when they're wanting to do that service or use
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  their product. So there's like mountains of benefits, but yes, right now Microsoft is winning,
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  metaphorically winning the AI race and that's been reflected in their share price. They're now the
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  largest, the biggest company in the world. They've beat an Apple. They had a really good result as
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  well this week. Revenue of $60 billion in just three months, which is wild. Yeah, and they all
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  talked about AI. So the management team will talk to investors and all they're talking about was AI
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  and their investment in AI. So it looks like at the moment, they're winning the race. Anyway,
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  we have Boeing as well. Boeing's result was really bad. Oh, is this the the broken aircraft that
• 8:29
  like was falling out of the sky or something? Yes. And one thing they did is that they didn't give
• 8:34
  investors an indication of what the future outlook would be. They did what we call they suspended
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  guidance. So they said, we're not going to give you an indication of what our year looks like
• 8:44
  for the year ahead, which is never a good sign. Why would they say that? Isn't that going to
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  freak everyone out? Yeah, but they don't know because of their had such an issue with these with
• 8:53
  these doors and with these parts of the plane, they literally do not know what the year is going to
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  look like, which for investors, you're like, Oh gosh, well, if you don't know, I don't know. So see you
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  later. That must be terrifying for people in the company. Like the idea of not even knowing if
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  your business is going to be around. I think it'll be around. Sorry. I didn't mean I think they just
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  don't know what the year is going to look like in terms of, well, they produce $10 billion
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  a profit. Well, they produce a hundred billion. It just means it's such a mind-fuck, excuse my
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  language, to forecast right now that they're just not even getting a bother. It's kind of what they're
• 9:27
  saying. Also, if anyone that missed it, the Boeing, there was like an issue with one of the aircraft.
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  We're like a door fell off. Is that what happened? Yeah. And so obviously not ideal in terms of being like,
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  oh, shitballs, we can't have these planes in there because if there's doors flying off,
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  hazard for people on the plane, off the plane. And then all the customers who have ordered
• 9:50
  planes from Boeing, they're like, you know what, we want to cancel out water or we want to reduce
• 9:56
  out water or we want a different type of plane. So just caused lots and lots of issues in terms of
• 10:02
  Boeing's products, really. At H&M, they are seeing less people spending on clothing, which we
• 10:09
  kind of seeing amongst peers, our friends, well, I'm definitely seeing that people are like, you
• 10:14
  know what, I just don't have the extra cash to spend. So interesting. You say that, though, because
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  I've got a lot of friends including myself who don't really want to be buying from H&M or Zara
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  or any of the fast fashion labels. But to be spending and investing money in quality pieces is
• 10:31
  really hard at the moment. So there's kind of the flip side, but there is some stuff that's
• 10:36
  necessity, whether it's a t-shirt or a jumper or hoodie. And you know, maybe a couple of years ago,
• 10:43
  you might have bought something that was a little bit higher quality. But now it's just non-option.
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  Like, when we were in London and we needed socks and I needed a new hoodie and flamma and needed
• 10:53
  stuff, we all went there together and we were all trying on like t-shirts and hoodies and actually
• 10:58
  that reminds me, I still haven't paid him back for that hoodie. Oh my god. I know. Can you please
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  tell him? But the other day, I was like, well, hit her up. He's like, no, no, no, that's fine.
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  Oh my god. Can you please tell him that? I'm sorry. Awkward. Oh my god. K, can you just
• 11:12
  hear that? Oh, don't worry about it. Don't worry about it. And then they're like, oh, actually,
• 11:17
  that girl stores it. It's like, you know, someone's like, don't worry. Don't worry. Oh,
• 11:20
  that fucking Victoria. She keeps doing it. You know, it's like, well, if you've got a
• 11:24
  one, just say it to my face. But anyway, if you could please find out how much that was or I can
• 11:28
  look online. Can you find his account? So I can transfer him. That's so incredibly awkward.
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  But the point was all of us needed essentials and rather than going somewhere that was like,
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  we have a joint account so you can just chuck it in the joint account. Excuse me. Sorry. What?
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  Do you actually? Is this a joke? I can't tell if you're being serious. Do you? I'm being serious.
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  What? Since when did you have a joint account for what? It was just easier because I hate going out
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  for brunch or whatever. And it's like, you, I'll get this. I'll get this. It's like, oh,
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  God, let's just chuck it on the joint account. But hold on. Sorry. It's so much easier. You can't drop
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  shit like that on me without like, what? It's not a big deal. So, you know, I know it's not,
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  but I just need to understand, is this for like, personal fun stuff? Because you don't live together.
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  So what's the like, so it's literally just like a fun account when we're out together? Yeah,
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  it's like, that's a good idea. I just hate, there's nothing I hate more than having an argument
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  at the till. And the waitress is standing there like looking at you like, oh, can you just hurry
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  the F up and you're like, no, no, I'll get it. No, I'll get it. No, I'll get it. And I hate that.
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  So, but do you think it's also something that's kind of nice about being like, I'll get this one,
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  you get the next like, is that not? Yeah, but then you can get that, you can get that on your
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  personal account. Oh, I see. You're like, I want to treat you. I want to treat you. I'll get
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  this. And like, over summer, we were like traveling around using petrol and, you know,
• 12:49
  just like stuff like that. And in London, we're going to be hanging out again. I don't know what I
• 12:54
  hope. Um, sorry, because I haven't paid him back for the hoodie. He's like, fuck, friends are so
• 13:00
  annoying. Sorry, we're to completely derailed the curve. We're clear to talk about your. But if you
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  join finance, if you transfer money, that'd be great. Cause that would be some money.
• 13:08
  Go straight into the joint account. And then we'll pay for your next break first.
• 13:11
  Cool. Thank you so much. Yeah. No worries. And the last one I wanted to meet you was Starbucks.
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  Now Starbucks had a bad result. They grew at this slowest pace they have for the last 12 months.
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  Still generating nine billion and quarter. So we can all chill out. But it was all around the
• 13:30
  reason that for the slowness and growth, so they're not growing as fast as they previously had,
• 13:34
  was because of all their stores and the Middle East, which I didn't realize how many they had.
• 13:41
  So they've got about 2000 stores in the Middle East. And they're being impacted by the war. So
• 13:47
  obviously people aren't going to get a Starbucks. And so yeah, quite interesting to see that that's
• 13:53
  impacting the overall business so much. And they've got about 35,000 stores. So it's only a small
• 14:00
  amount, but it's impacting them quite significantly. So yeah, interesting, interesting.
• 14:06
  But we just have some really exciting news. And I love, I love it when we educate our audience
• 14:12
  about something. And then it happens. And you're like, yeah, exactly. Yeah, it's like a real life
• 14:18
  example. And so we talk about stock splits. So this is when a company, their share prices down
• 14:25
  really well. And they're like, you know what? Let's split our stock so that it's more affordable
• 14:30
  for more people. So say your stock, your company's stock was at $200 and you did a two for one stock
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  split, which means that you're splitting every share into two. So your share price would go from 200
• 14:44
  to 100 and 100. And so as an investor, the overall amount that I've invested in that business
• 14:51
  doesn't change just the makeup does because the price is lowered, but the number of shares
• 14:56
  I've got has increased in order to make sure that the amount I've invested isn't changed.
• 15:01
  This is deemed as a good thing because when a share price increases, that's when a company wants
• 15:06
  to usually split its stock. So it's like, wow, this company share price has done so well,
• 15:10
  we need to split it to make it accessible for more people. But this is one of the reasons why the
• 15:14
  company, I haven't even mentioned the company that was doing this, is Walmart. So Walmart has just
• 15:19
  announced this that they're doing a three for one stock split. So for every share you have of
• 15:24
  Walmart, that share gets divided into three shares. So people that have Walmart shares might wake
• 15:32
  up, they're like, whoa, how come I've got so many more now? But the value of my amount that I've
• 15:37
  invested in Walmart stays the same. It's because they've had a had a stock split. And they've done it
• 15:42
  because they want their store workers to be able to buy more shares, which is actually quite cool.
• 15:48
  So for a lot of people that work at Walmart, they're probably not on massive salaries. And so
• 15:53
  being able to buy one share, which is $165 US dollars is probably a bit unattainable. So they're like,
• 15:59
  hey, let's split the stock and therefore staff can buy shares if they want. So it's quite nice.
• 16:05
  This is the 12th stock split that Walmart's done because the cheap price has done so well. So
• 16:10
  yeah, 12, quite amazing. So I can also can ask you one more quick thing. What's
• 16:14
  like an overarching learning for people listening from reporting season? Like what are some key takeaways
• 16:20
  where you look at this? And you're like, oh, this is all really interesting stuff. But like at the
• 16:24
  start, you said it's a good indication for like overall economy growth and other big like kind of
• 16:30
  markers. So what are some key takeaways that we can all know? Yeah, I think firstly, I was a bit
• 16:36
  skeptical going into this reporting season because I'm not sure if you remember, but last week we
• 16:40
  spoke about how the S&P 500, so the main stock market in the US was reaching all time highs. So
• 16:47
  it's at levels that we've never seen before. And so that gives me a bit of concern, kind of freaks
• 16:54
  me out a bit because everyone's expectations are really high. And then you get companies reporting
• 17:00
  where the revenue is probably not as good as they thought or the profits not as good or
• 17:05
  that all that kind of thing. And so when you're going into a reporting season with the stock market
• 17:11
  doing so well, there is a tendency for it to fall or because expectations are so light. So yeah,
• 17:18
  it's this kind of it's a hard one because we're also not trying to concern ourselves with short-term
• 17:24
  movements of the stock market. But one takeaway I would say is that I think AI is going to be massive.
• 17:32
  We kind of know, but that's definitely one of the most common comments or subjects that's
• 17:39
  been talked about in reporting season. The other takeaway I would say is if there are, if you are
• 17:45
  stockpicking and you're invested in some companies that you like the sound of and you're thinking
• 17:49
  you're going to grow, definitely have a look at what they've reported, making sure nothing's changed
• 17:54
  massively in terms of their growth outlook, you know, they're not getting beaten up by a competitor
• 18:00
  or anything like that just to make just it. It's a good time to do a chicken of the stocks that
• 18:05
  you hold and go, oh, yeah, cool. That's all right. Oh, actually, that's that's worse than I
• 18:09
  thought. Maybe I maybe it's time that I sell out of that or buy something else or it might
• 18:14
  throw up some new ideas for you to invest in. But most people, it's kind of a cool nice and move on,
• 18:20
  especially if you're passive investor and you're just investing in ETFs, then it's kind of a nice
• 18:25
  to know, but well, I'm going to go away and write the curve weekly. So if anyone wants to,
• 18:30
  oh, yeah, good idea. It's actually where it got heaps of good, like investing tips and tricks
• 18:36
  and things going on in the markets. So we'll link that in our show notes, like for the podcast,
• 18:40
  but you can get it on the link in our Instagram and things as well. But you know, what we say we do,
• 18:45
  oh, God, what we said, we do our love. Oh, you didn't have a think. What? I didn't tell
• 18:52
  me. Can you tell me yours and I'll think of mine on the spot? Okay. I've got two. Oh, the
• 18:56
  second one. I just know I'm going to break. Oh, okay. The first one is limiting my takeaway
• 19:04
  coffees to two a week, which sounds a lot like you know, so how much I love a takeaway coffee.
• 19:11
  That's actually huge. So starting now, I am only having two takeaway coffees a week.
• 19:18
  Can I just copy you? Is that fine? Can I do that? Because like, we've got to be with each other's
• 19:23
  company a lot. And that's good because it'll motivate me. Okay. Well, the second one's going to be
• 19:27
  easy for you. You can't open a second one. No smoking when you move to London. No, it's no
• 19:36
  Uber Eats. Oh, my God. That's massive. I know. Oh, my God. I'm proud of you. That's huge.
• 19:43
  I'm going to do it. I'm going to think of my love budgeting and come back next week. I want
• 19:46
  to actually think about it. We've got one joint one and one individual one. Yeah. Yeah. I'll
• 19:51
  think of a joint. I really like that because I have been spending way too much on my on takeaway
• 19:55
  drinks lately. So if any Uber drivers out there deliver McDonald's to my door, you can totally
• 20:02
  eat it. You're not allowed to deliver it. In fact, if you see anyone named Victoria Harris
• 20:07
  that you're delivering to, eat it. Don't even just go to a house. Yeah. Oh, my God. This is going
• 20:12
  to be so hard when I'm hungover on Sunday. Good luck. But I'm excited to hear yours.
• 20:16
  Yes. I'll think of someone come back next week. Okay. You're also going to be really good. I just
• 20:20
  know what. Such an overachiever. Oh, my God. I love that. Bye. Thank you so much for listening
• 20:27
  to the Curve Weekly. Make sure you hit the subscribe button to stay up to date with all the
• 20:31
  many business stock market news. And if you like what you heard, we would love a review. Thank you.
• 20:36
  Yes. We would love a review that if you did hate it, please don't leave one if you hate it.
• 20:42
  No, but in all seriousness, could you please leave a review? Because it really helps other people
• 20:46
  find your cute little podcast. And we hope you have a good week and see you next Monday. Bye. Bye.
• 20:52
  So yeah, see you next Tuesday. Wow. See you next Tuesday. I mean Monday.