Latest / The Curve / RTC35: How to invest smarter not harder

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RTC35: How to invest smarter not harder · The Curve

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  Welcome to the Curve Podcast, a conversation for women who want to learn more about money,
• 0:39
  their money for the future they want to have. We're all busy in the pursuit for financial confidence
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  and increasing your wealth should be a simple one. This podcast is for women to learn about
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• 1:00
  So thank you for being here and for listening because together we really can raise the curve.
• 1:08
  Hello again. Welcome back. It's us again.
• 1:13
  Awesome. We're so glad that you have time to actually stick around because
• 1:16
  there's still, yeah there's still lots of things I'd love to ask you about where your personal
• 1:20
  KiwiSaver is. I want to sort of know a couple of holdings that you're really excited about.
• 1:24
  So thanks heaps for being here again. Thanks for having me.
• 1:28
  Can I ask a question that's quite personal? Yeah. You can tell me to, you know,
• 1:32
  edit this out if it's so much. Are you reasonably open about talking about what you do in
• 1:38
  Vestan? I knew that was always. Because I'd love to know if there's any. I got told off on the
• 1:43
  way here. You're not allowed to give investment advice. No, you're not. But you know,
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  tell us what you invest in. I mean that's, yeah. Well, I mean if you tell and other people do their
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  research and decide that they want to invest in it, then it's not as though that's taking away
• 1:55
  from your returns. And that's what I don't like about. There's this like kind of protective nature
• 1:59
  around like this is my portfolio and I won't talk about it. But it's like actually the more people
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  that are investing in those stocks, it's beautiful. I know. You know, I buy all the following companies.
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  Yeah, yeah, yeah. Right down. I even get overwhelmed with what,
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  in Vestan companies that are considered conscious companies or ethical companies,
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  because I feel like no matter what the company, and this is quite a, you know, overarching statement,
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  but no matter what the company, there's always some element of them or some kind of element of
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  the operations that someone doesn't agree with totally. And it's so hard. I find it hard and I'm
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  living and bringing this every day. Yeah. Let alone someone else who's new to investing. And
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  thanks, oh my gosh, Tesla, great company. They produce electric vehicles and then they read an article
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  and go, oh shit, but they actually have been, what's the word? A kid. They've been accused of modern
• 2:48
  slavery and sexual harassment in the workplace. And so it's kind of like, you're like, oh,
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  for God's sake, okay, I'll tap my money out. Tesla, I'll find something else and then you find
• 2:55
  something else. And the same thing happens and you're like, oh my gosh, yeah, it's hard. I was
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  just really thinking of that exact example on the way here. And I think it's not about say,
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  it's not some black and white thing. It's like with everything, it's not this, these companies are
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  good and these ones are bad. There's a spectrum and no one individual and no one company is perfect.
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  It's an approach and it's an ethos. And you can see that when you talk to the people who are in
• 3:20
  that company, the people at the head of those companies, like, is that important to them?
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  Okay, well, it's okay if they're not perfect all the time. But if that's important to them,
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  they're going to try and angle the company in that direction. And that's good enough.
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  I tried to find exposures in organic biodynamic farming and environmental research.
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  Those companies are not listed, sadly. So, you know, when you think of those really beautiful
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  companies, those are not available as yet as less investment. So you just have to do the best you
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  can. And I think it's just more of a, which ones get across or like, let's look at the 100,
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  which are the bottom 10 that probably aren't doing great things?
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  Tobacco.
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  Triapornography.
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  Gambling.
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  Triapornography.
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  I know. That's almost very legal.
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  Sorry, that's a triapornography.
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  Yeah, I know, but you can be doing it.
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  And
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  that anyway, I'm sorry.
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  Exactly.
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  So try and at least move out of those. I mean, for example, I was reading some stat the other day
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  that the vast majority of Kiwi Savers, if you don't opt for a specific fund, will be invested in
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  some of those areas. So a lot of people will be invested in those areas. Some of those areas are
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  not even, no, not necessarily child pornography, but, you know,
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  pull weapons, weapons, fossil fuels. If you agree with those industries, sure,
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  invest in them. But if you don't, then, then, okay, pull yourself out of those.
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  And then perhaps look at who are in the top 50% who are trying to do good things.
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  And so having an ethical investment approach, it's really not a black and white approach.
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  And so when I'm saying people what type of companies should you invest in, honestly,
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  my first thing is what industries do you believe in? Like what industries are out there doing good
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  things in the world? Even things like companies like Canva, for example, you know, Canva,
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  the big little thing, it's like an Aussie company. So it's still not listed.
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  It's still not. Right. So that's one that I had said to Tony, when that lists, I definitely want
• 5:12
  to look at it. It might be completely overpriced. It probably will because it's a, it's like a
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  household name. So every man's, you know, every retail investor will want to invest in that.
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  So it may not be priced well at the actual IPO. I'm learning guys.
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  If it does, if it does, it does go public. However, so you always want to look at those two things.
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  Is the industry something that I think is cool? Is doing good things? Is adding value to people's
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  lives in a positive way? And that's a company where I would say would still tick my boxes of
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  positive company doing great fun things in the world. And that's not necessarily renewable energy
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  because that's kind of what you always think of. And that's somewhere I'd want to have some of my
• 5:54
  money invested. And then obviously you always want to overlay that with, well, then what's the price
• 5:59
  and look like? And is it overpriced or underpriced? And so, and that's what I used to do as a
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  research analyst, but you can find research reports on those. So yeah, I would say as opposed to
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  names, I mean, back in the day, and my view is slightly different now, but back in the day, I did
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  like things like Pinterest, Facebook, Google, like being exposed to those kind of technology areas.
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  I'm a little bit, I'm not going to say that I would I'm possibly kind of reducing
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  holdings in those at the moment, just based on some things that have happened in the last
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  couple of years. And is that based on ethics? Yeah. Cool. That's really cool. Yeah, it's really
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  fitting in my email. But I didn't, I didn't, maybe it was there, but I didn't see that. I didn't
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  see some of those behaviors five years ago. I just saw all these positive behaviors connecting people
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  and yeah. And so things change, you know, companies change. And so you're very assisted. Yeah,
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  and you call Facebook. I mean, that's a classic example. I'm like, I would, I would definitely not
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  be increasing my holding on Facebook right now and fact the opposite. It's like, it's like
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  confirmation bias as well. I feel like, I know, this is a great company and they're doing great
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  things and you only see really good articles about them. And then and then you get this kind of
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  warped view of that they're doing well. And then so that's funny that you kind of slowly came
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  around to being like, hey, hang on there. Actually, not a really a really good company. So, yeah.
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  But that's when you might go, okay, well, maybe I can downsize my Facebook holding or get out of
• 7:20
  Facebook or whatever and invest in something like Canva, which is going to have that same exposure
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  like tech sector, but it's fun and it's creative. There's something designed about it. I know what
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  you meant about it. I'm sure they, you know, do high fives to their staff in the office and they
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  probably have like a drink station on Fridays and it'd be colorful. Yeah, I think so.
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  I think so for sure. Like a dog day. Yeah, which I think Google and Facebook that kind of was
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  where they were at five years ago, but they've just gotten so big that they have all these other
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  different challenges now that I have to deal with. And that's what we always tell like the curve
• 7:53
  community is like, look around like, what are you passionate about? What are you, what industry do
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  work in? What do you know? Well, what products do you use regularly? Because that's the easiest way to
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  not only spot trends, but you know, if you're investing something you're passionate about, you're
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  just way more invested, excuse the pun. But you know, you're kind of, you're just, you're a lot
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  more attracted to it and yeah. What are your key principles in terms of where do you draw the line?
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  What are the things that you look for in companies that you're like, yep, tick, tick, tick, this is
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  something that I'm interested in. In an industry that's doing good things for the planner is probably
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  like the first thing. And then generally the ones that are doing that, then has a good management team,
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  you know, nice people, nice intelligence smart people that want to do good things,
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  are then managing that company and then looking at the pricing of it, that's probably it. So,
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  for example, you know, you said to have a couple of names. So like Meridian Energy in New Zealand,
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  which is 100% renewables and based in the South Island is like a lovely New Zealand investment
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  to have, again, is there someone in that company who's sexually harassing a female?
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  Probably. You can't win it at all. Do you not mean so. But in general, that's a, I think that's
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  a really, you know, it's a good company in New Zealand doing good things. And the management team
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  seems to be focused on doing good things for the planner. So yeah, like Meridian,
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  I've got that in my portfolio to actually. There's no one called Vestus, which we invested in
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  quite a while ago, maybe like a year or a year and a half ago, which is Winfums based in Denmark,
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  Scandinavia. Cool. Again, because I was going, how do we get exposure to more renewable energy?
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  Have you seen how they transport the winfums? The winfums? The winfums? The blades. The blades are like
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  the ginormous. Absolutely ginormous. And it's just like, I watch the documentary, it's fascinating.
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  They're huge and it's such a complex operation. Transpawning blades are Winfums.
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  It's fascinating. It's so fascinating. It's a very different
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  opinion on that. But I think, you know, like that Vestus investment was, that was probably me going,
• 9:59
  how can we get exposure to renewable, more renewable energy that overseas, like what about wins?
• 10:03
  And solar energy and then time kind of looking into what's available and then we found a cut,
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  there was a couple, there's maybe three and then looking at the three, go, which one do you like the
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  most? And then, okay, we like this one. So that was Vestus and that's done really well. Awesome.
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  And then there's another one that's called first solar, which does solar energy, same sort of thing.
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  How can we get exposure to that area? Okay, who's in that area? And it's listed. Now let's look at them,
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  who's got a good, is well priced and the management team seems like they're onto it.
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  Tight things. So that's probably the steps that you'd go through that I'd go through. And then
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  looking at your existing, it will put folio on a regular basis and just kind of going recalibrating,
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  like going, oh, that one's gone up a lot. So now it's quite big in the portfolio. And also,
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  they're kind of starting to do some funky things. So maybe we will, you know, down,
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  down weight that and use that extra to invest in something else. So would you ever look and be like,
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  I've got quite a lot in solar or quite a lot in renewable energy. Maybe I should diversify
• 10:59
  something out. Yeah, definitely. I mean, probably because trends are good and it's good to
• 11:05
  be certain. Yeah, but then it's also let it run a bit too much. Yeah, like so it gets a bit big
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  and we're going, oh, that is quite large now in the portfolio of that particular two companies.
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  But then we still relate those companies. But I think it's more the better approach is to go keep
• 11:20
  your eye, keep your eye out on new opportunities and when a new opportunity comes up, you go,
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  oh my gosh, canvas listing and it's listening at a really good price. Let's totally get into that.
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  Keep using that example. But okay, now we'll down weight those ones that have gotten a bit big
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  and are now, you know, now we're not nice and lead diversified. Take pulse down some of that
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  and invest into new. Yeah, something fresh. Because you're probably better to have more and
• 11:43
  something that you really believe in than diversifying for the sake of it, right? Like you want to
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  find a company that you're like, yes, this is it. I'm going to go take a bit from here and put in
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  there rather than just spreading super thin for the sake of doing them in millions of times. You
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  don't need to have like, you don't need to have 100 stocks all at one percentage, you know,
• 11:59
  in your portfolio. But maybe you would have, depends on the size of your portfolio, but maybe you
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  have 30 or 40 and they don't all have to be even. Well, 30 or 40. Oh my goodness, I've got a lot
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  of work to do. But that grow, but that's over time, right? Because your investors holding doubles
• 12:16
  over the course of a couple of years. And so then you go, well, it's quite big. I'm going to
• 12:20
  sell down half of it. Still really love that company and the sector really believe in that,
• 12:23
  doing good things for the planet. But I'm going to, I'm going to have that because it's gotten
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  quite big and now I'm going to invest that into a couple of others. And then now I've got,
• 12:30
  now you've got three and four and five and six. Okay. Are there any other really cool companies
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  or sectors that you've found recently and are excited about? Well, like electric vehicles,
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  I think is a big one that and I wanted to buy Tesla sort of two years ago, but I got the no from the
• 12:47
  Tony said no for the, my portfolio manager. Why? Because it was over, because it was really highly
• 12:53
  priced, like it's trades on a really high multiple. And but it was the only exposure to EVs to
• 12:58
  electric vehicles at the time. It's like, oh, but it's, you know, it's a really cool company and
• 13:02
  I mean, they still use batteries and all sorts of stuff. You know, so again, nothing's white and
• 13:06
  black. But it's like lithium. I'd be interested to know. Is it in batteries? Is that one? So lithium
• 13:13
  is a material that's, you get from the ground and you put into batteries for electric vehicles.
• 13:18
  So it is extracting it from the, yeah. See? And then you kind of go, oh, well, is that just as bad as
• 13:22
  fossil fuels? So this is, this is the thing. Electric vehicles can't survive without lithium.
• 13:28
  So if you're supporting electric vehicles and you'll be seeing those companies, you really should
• 13:32
  be investing in lithium. Like it's such, this is where it just gets so. And we've been talking to
• 13:37
  investors and investors are half on the fence of, well, no, if you're running a sustainability
• 13:42
  fund, you can, you can invest in lithium because it's part of the process and you're helping
• 13:46
  decarbonize the planet by investing in lithium and helping lithium miners, you know, grow.
• 13:52
  But then at the other half, like, oh, no, it's you're damaging the earth. It's a mine. It's mining
• 13:57
  process. You know, the water that they use to get that mineral out of the ground, all this stuff.
• 14:01
  And so you're just like, oh, I can't wear this. But I think this is the thing. All of those arguments
• 14:06
  are really valid. That's why it's a discussion and it's, you know, weighing up the pros and cons and
• 14:12
  then and making, making the best choice that's available, like with everything, right? So when you're
• 14:19
  going to buy your, I mean, I talk about this a lot in my current job doing around nutrition and
• 14:25
  natural health is making the best choice with food. So if there's organic beetroot, but they're
• 14:30
  packaged in a plastic bag versus conventional, but it's, it's free. It's not packaged in a plastic
• 14:36
  bag, which is the better option. Which is it? Well, then it's hard. Well, then it's hard. So I get
• 14:42
  makes me really pissed off and I sell the organic projects and plastic bags. Same. What are you
• 14:46
  doing? But then I ask the people, this, why do you do that? They're like, oh, because then we
• 14:51
  know that that bag is organic, because otherwise people can mix them. Oh, my goodness. You know,
• 14:55
  so that's why they have the stickers on. That's why they have the stickers on all the apples. So
• 15:01
  it's easier at checkout. So there's lots of things like that. I also have talked about, or what about
• 15:06
  the plastic on the cucumbers? What's that? You know, I know. And they said, yeah, but not actually.
• 15:10
  So, right? So then you'd think, well, that's evil. Plastic on cucumbers must be universally evil.
• 15:15
  So it's just wrong. But then when I spoke to people, some people from the two bigs with markets about
• 15:23
  it, they said, yeah, but when we've tried doing it without the plastic wrap, because the cucumbers
• 15:28
  are so soft, so many of them get damaged and trans that we end up having so much more food waste
• 15:34
  than if we plastic wrap them. Right. So do we want the food waste or do we want the plastic wrap?
• 15:39
  So if someone thinking of a business idea, create a wrap for a cucumber that's not plastic.
• 15:44
  It's compostable. Yeah, I feel like there's got to be some amazing business ideas out there
• 15:49
  that I would invest in. Do you know what I saw? I saw, um, actually bought them for the back.
• 15:54
  They're compostable dog poo bags. I thought of this about a year ago and I thought,
• 15:59
  this is a brilliant business idea, but you know, poo bags is not my destiny. However,
• 16:05
  I thought this isn't brilliant product. And if that listed and they had a fantastic CEO,
• 16:11
  I would invest in that company. Totally. I was in London and I went into a sushi shop and they
• 16:14
  had individually plastic wrapped sushi. So you could pop it in by one piece and I remember going back
• 16:21
  to my sister and I was just like, I just really fell off my seat. I could not believe what I saw
• 16:26
  and the people would just buy it. And I was like, yeah, honestly, the whole COVID thing was
• 16:29
  to take away cups. It was just killed me. Yes. Watching people take all those take away cups
• 16:33
  just killed me. Yeah. And even though all the cups are like compostable and people just throw
• 16:37
  them around them in. Thanks so much to our wonderful sponsor for this mini series, pathfinder
• 16:41
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• 17:00
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• 17:06
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• 17:19
  their product disclosure statement. We've also put all this information in our show notes.
• 17:24
  I would love to know if you, because there's the continuing argument around returns
• 17:30
  verse investing in companies that are doing good for the planet. Yep. Can you give us an example of
• 17:35
  a stock that you invested in that did really well that's also doing good things for the planet?
• 17:41
  Yeah, I would say Vestas for solar, meridian, like those three examples. Are there any other
• 17:46
  ones that are like random that we would never have heard of? Or just like a bit niche or different?
• 17:51
  The thing, this is the thing with, I think with ethical investing is it's not all the industries
• 17:56
  that you want exposure to are available. Yeah. That's a real challenge. They're not all available.
• 18:02
  So you have like companies that list on the stock market are inherently going to be large companies.
• 18:08
  So any of these cool small New Zealand companies that are doing all these
• 18:12
  compostable put bags and what have you. Those are not options for investment for investment.
• 18:17
  So you do have to go with some of these big names. I used to get sent like all the time,
• 18:23
  like companies that are doing cool things. And I just feel like it's not list of.
• 18:27
  You know, it's kind of frustrating because you want to invest in them because they are doing cool
• 18:30
  things and you want to support them, but they're just like you can't and it's so frustrating
• 18:34
  because it's true. It's only the big companies, big well known companies that get to a point of
• 18:38
  being an IPO. And if you're interested, you know, if you want to go a little bit alternative,
• 18:42
  then you can look on like the alternative exchange. And that they're like smaller companies.
• 18:48
  So they're not big enough to go on the main stock exchange, but they'll be on the smaller stock
• 18:51
  exchange. So they're just, they're those more smaller niche companies. And the problem with that is,
• 18:55
  you know, there's equity and research analysts that I was one off. There's only so many of them
• 19:01
  and they cover the top 50 stocks and maybe 10 more. They don't have enough time to like, there's
• 19:06
  not enough. So there's no like info. So there's no research. So you literally just wing it.
• 19:11
  Yeah. I mean, you have. And so none of the big funds, like, you know, none of the big investment
• 19:16
  funds will invest in those companies. A list demand for those companies. So you might be like,
• 19:20
  cool, oh my gosh, great, gross story. This is fantastic. But if you don't have all the funds and
• 19:25
  all the institutional kind of investors or kind of worth investors, yeah. Interesting.
• 19:31
  But it's good to keep your eye on those companies because they could be the canvas of the world.
• 19:36
  Exactly. And they will be right here. Yeah. I mean, you imagine back when, I mean, again,
• 19:42
  I'm not saying these are great investments now. But back when kind of Twitter and Facebook and
• 19:47
  Google started and they were these small, small niche quirky companies. And so yeah,
• 19:56
  everything transitions. And I think you're just always wanting to look at what those companies
• 19:59
  are doing now. And is the investment story still one that aligns with your ethos as much as
• 20:04
  possible? I always think about it like that. Yeah. I'm putting my money into your companies.
• 20:08
  If you're having a dick, I'm going to pull that money out and put it into people that are doing
• 20:11
  good things in the planet. That's a way. It's like putting your money where you're
• 20:14
  about, you know, it's like with everything when you're at the supermarket, do you pay that small
• 20:18
  premium to buy the organic produce? If you can, if you're able to, I would like to think, like,
• 20:23
  for me, yeah, if I, if I can, then yes, I would like to because that's going to show those growers
• 20:29
  that I value you more than the conventional type of thumb. And I want more, it's like demand
• 20:34
  supply, right? So I want more of that. So we recently got, well, a year ago, got solar panels
• 20:39
  put on our house. And we've got a big wall panel by Tesla. And so what that means, it's like a
• 20:43
  big battery. So you get sun from during the day, powers the house during the day, and then the
• 20:48
  battery stores all of that energy. And we live off the battery overnight. That's so amazing.
• 20:53
  Off the grid. You know, off the grid. Yeah. But was that a financial decision? No way. They're
• 21:03
  really expensive. It's like a 20 year pay off. You know, my grandad at 97 got solar panels
• 21:08
  and investors. Yeah. But it's, but right. So if more, more people who can do, then it means that
• 21:17
  those options will be more affordable and more available and more possible for, for those that
• 21:22
  can't. So I just always think that, you know, when I'm choosing between X and Y, a t-shirt that's
• 21:29
  been made via slave labor in India, there's this one that's been, you know, if it has like an
• 21:34
  ethical, some sort of ethical tag on it. If I can, I'll try and get this one. It's just, it's the same
• 21:39
  with investments. Exactly. And it's also, it comes back to, I guess, the whole like, where is the
• 21:43
  line? What's affordable for you? Every single person's going to have a different investment portfolio
• 21:48
  size. They get a certain a different level of the scale in terms of what they think is ethical.
• 21:53
  It's a, this has been the most eye opening. This many series that we've been doing has been the most
• 21:58
  eye opening conversations we've had. Well, that I've had in a really long time. Because I think
• 22:03
  I kept harassing for it to be like, but tell me what's ethical, but tell me the answer.
• 22:08
  I mean, it depends. Because if people's ethics and values are so different and it's, yeah,
• 22:13
  it's one of the most frustrating things. I mean, it's so great investing like this and I,
• 22:17
  and I love it. And I just think this is where the world's heading. And it's not even going to
• 22:21
  make conversation hopefully about ethical investing. It's going to be the way that we invest. But
• 22:26
  it's also one of the most frustrating as well because it's, you're dealing with so many people
• 22:31
  with different ethics and values and different companies that some bullshit and some are actually
• 22:38
  doing really well. And so it's just like constant. But it's a, it's a new and exciting way of
• 22:44
  investing. And I think it's just going to be the norm soon. And it's going to be great.
• 22:49
  Do you also with just quickly your Kiwi Saber? Can I ask who your provider is?
• 22:55
  Pathfinder. Are you with Pathfinder? Yeah. When did you swap to them?
• 22:59
  About a year and a half ago. And what was the contributing factors? Because I guess to have
• 23:06
  only swapped a year and a half ago, it's kind of interesting. A few have been kind of investing
• 23:10
  in this ethical way for such a long time. So because I have been self-employed for 10 years
• 23:16
  and not really earning a salary, I haven't had, why don't have Kiwi Saber?
• 23:22
  So I haven't been contributing Kiwi Saber since I was 29. I have an old Kiwi Saber from back then.
• 23:29
  But it's like, you know, it's like a peanuts compared to my private investments.
• 23:33
  Of course. There's no employer contributions. There's no personal contributions. There's no
• 23:37
  government contributions. It's probably better than mine to be fair.
• 23:40
  And I think even we might have pulled it out when we bought that house. So I don't even know.
• 23:49
  Anyway, mine was small. So it was never really a focus. We just hadn't thought about it.
• 23:54
  Just literally hadn't thought about it. So I think we were just with ASB in the high growth fund
• 23:58
  from the beginning of time and hadn't thought about it until a couple of years ago.
• 24:03
  That's pretty new. It's pretty new. It certainly wasn't around when like,
• 24:06
  I was around a long time ago. Well, like the millfids, which have been around for 15 years.
• 24:10
  Yeah. And so back when I, yeah, there was ASB, there was, and I always took the approach of,
• 24:16
  well, all of our personal investments, we actively manage those. We actively choose where to put
• 24:21
  them. So for Kiwi Saber, it's best that we're in a passive growth fund. The highest growth
• 24:26
  stocks, like which also means the most risky, but we've got a long time horizon.
• 24:30
  But passive to minimize the fees. And passive means that it's not managed by a person.
• 24:36
  They're not actively managing it. They're just invested in the high growth index,
• 24:40
  what have you. But then it means we pay the lowest fees, and we're pretty happy with what that's,
• 24:44
  you know, the exposure that that's in. So that was the view. Like, let's just get the lowest fee,
• 24:50
  highest growth option, and it's small anyway. And then, yeah, I think just because we were talking
• 24:56
  to him two years ago, and he's like, oh, this is where I'm working now. And, you know,
• 25:00
  Chinese said, oh, blah, blah, blah. Working at Bathfinder, and we caught up with him. And they
• 25:04
  talked, sort of talked about what they're approached with. And I was like, oh, my gosh,
• 25:07
  this option was never available back in the day. This is awesome. So we, and we looked at
• 25:13
  what they're invested in. Cool. Like that. How are their returns? Good. Like that. I know the guy
• 25:19
  that managed the fun. And I think he's good. So, yeah, so we switched. So we switched our both of
• 25:25
  our Kiwi Savers. And then also the kids got two little kitties. We've got like two little Kiwi Savers,
• 25:32
  three and seven. And they've got a Kiwi Saver. Yeah. I thought you'd be 18. No, you can have one.
• 25:36
  You just don't get all the perks. I'm touching my head because I think I must be using a part of my
• 25:42
  brain a lot. It's on fire. It's real weird. I'm like giving myself this conversation,
• 25:48
  it's quite intense. There's like a part of my brain that is just like pulsating. It's really
• 25:54
  huge. I don't know. I hope not because I'm a really bad hat here. I'd like to keep it on. Sorry,
• 25:59
  so your kids are three and seven, did you say? Yeah. You can have a Kiwi Saver right from your
• 26:04
  one second old. And if the parents do small contributions, I think we do like five dollars a month
• 26:10
  or something for each child. Then you, there's still some sort of government contribution as well.
• 26:15
  And it's just like their little, we just thought, oh, we'll just start them a little baby
• 26:19
  nest. I mean, it's not, they're not, it's not like they're sitting on a big, you know,
• 26:23
  I did that for my niece, but I set her up for the little Kiwi Saver account. Yeah.
• 26:27
  She doesn't quite realise it now. And again, we love your lady. Yeah. When I was growing up,
• 26:31
  that wasn't available. We had the ASB, where you would, ASB, you take your little bit,
• 26:35
  you take your little kind of ASB book and you put your money and you'd have a little,
• 26:40
  like a savings bank account. So it's just kind of the same idea. And yeah, in terms of Kiwi
• 26:46
  Savers, literally, there just weren't ethical options available other than that. I told you that one
• 26:52
  NZ Super Fund. So it was only really that, yeah, year and a half ago that we kind of went, oh,
• 26:57
  yeah, well, gosh, all of our other ones are, you know, this is really important to us. So we
• 27:02
  should probably switch that too. I've learnt so much in this conversation. Thank you so much for
• 27:07
  sharing your feedback. Thanks for having me, yeah. Thanks for being really open. I think it's helpful
• 27:12
  for people like me to hear as soon as I heard you speak. I was like, yeah, I trust her. So like,
• 27:18
  it's really nice to hear thought processes behind what you're investing in. Why things that have
• 27:22
  done well, things that haven't, what you've learnt. Yeah. Thank you so much. Yeah, because when you
• 27:27
  do talk about money, it does, it, it around kind of does get a bit uncomfortable. Even when I was
• 27:32
  like, can I ask what you invested? Everyone got a little bit uncomfortable, but really, thank you
• 27:37
  for sharing. I know there'll be a lot of people listening that will have learnt so much. Yeah, I think
• 27:43
  the main thing is just have the confidence to give it a try, because you're never going to learn
• 27:48
  about it until you give it a try. And if you're feeling unsure, then go with the fund.
• 27:53
  You know, and so you can, as opposed to maybe doing your own shazies type thing. And I also think
• 27:58
  with that, like in a way, I mean, would you get, would you cut your hair yourself?
• 28:05
  You know, like, do you do your own accounts? Or do you use a hairdresser and an accountant to do
• 28:10
  those things? So when it comes to investments, is that what? Like, you might give yourself a little
• 28:14
  trim, but you probably wouldn't do a trim. Right. You're not going to do a die job and go. Right?
• 28:19
  Maybe it's a small percentage on the fringe. And then I mean, on the split ends and then if it was
• 28:23
  the full 50, my savings or like $80,000, I probably would go to a hairdresser. Probably
• 28:29
  a professional. So, and that's just about using someone who is in that all day, every day, like,
• 28:35
  you know, you're working in that all day, every day. And so you're just using a trusted,
• 28:41
  a trusted professional to help you in that area. So I would, you know, I would sort of strongly
• 28:46
  recommend that. And unless you want to get into it and learn about it, and that's really cool too.
• 28:52
  But, but, you know, you don't have to do it by yourself. You don't have to cut your hair by
• 28:57
  yourself. Yeah. If you want to, if you want a nice look and cut, you might like to use a hairdresser.
• 29:01
  I have done it myself before and I tell you what it was. I'm going to totally imagine that you
• 29:05
  would do something like that. It was really bad. But right, but you chat to your head right,
• 29:08
  you pick your hairdresser because you like them and they're nice and they do a good job and you
• 29:12
  might talk to them about the approach that you'd like this time. But then they actually do the job
• 29:17
  because they're doing the all day redone. And you're happy. And you're happy to pay them for that
• 29:21
  service because that that's something that you couldn't do yourself. And some hairdressers are good
• 29:27
  with blondes, some are better with brunettes or long hair, short hair. You know, you just find
• 29:32
  you find you one. So I don't think I don't think it's a, I don't think it's a cop out. I don't think
• 29:36
  people should feel like it's a cop out to go and invest in a fund that's going to do the job for
• 29:42
  them. I don't think that I don't think that at all. So I recommend seeking out a professional
• 29:48
  that can help you just in the same way you would do with any other area of your life.
• 29:53
  Because you can learn so much from a fund manager as well because they give you monthly updates
• 29:57
  and tell you what your fund's invested in and you can see it growing or not growing and you can
• 30:01
  figure out why and why not it's doing that. And so you can kind of learn from them as well. And
• 30:06
  it's kind of like when you're at the hairdresser, I'm like, can you show me how to curl?
• 30:11
  And I go home and it doesn't work out. And I'm like, can you show me again?
• 30:14
  You know, it's like you're constantly trying to learn and then sometimes you can be, you can be
• 30:18
  in a conscious ethical investor without having to buy every single stock yourself. You can still make
• 30:23
  these awesome choices and be a part of the process and learn about it and do really well.
• 30:27
  Yeah, you know, amazing. Gosh, wealth of knowledge. That's been such a privilege to have you
• 30:34
  here. Thank you. I wish this thing, this was like you guys were around.
• 30:38
  You're going to be the third musketeer. Just join full time. Totally.
• 30:41
  I feel so out of my depth. I think two on one would be a bit much.
• 30:46
  But please come here. Can we get you back again?
• 30:47
  Yes. Because there's so many more things I'd love to ask you.
• 30:50
  Okay, amazing. Love to.
• 30:52
  Thank you so much for joining us, but today's episode of Raising the Curve.
• 30:56
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• 30:59
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• 31:04
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• 31:07
  head to the curve.co.nz or find us on socials at the underscore curve.nz.
• 31:14
  Thank you so much to Pathfinder Kiwis overplant for making this mini series happen.
• 31:18
  It's time to think about not only our bottom line. The world needs us to be investing our money
• 31:23
  consciously and that's exactly what Pathfinder are doing. Growing your wealth doesn't need to
• 31:27
  cost the earth. We all have different standards when it comes to what we think is ethical and what's
• 31:32
  important to us, which is why education is key when it comes to making sure that your Kiwis
• 31:36
  overplants aren't being invested in things that you don't agree with. Pathfinder Kiwis overplant
• 31:41
  values the lives of animals, people and the planet. Pathfinder asset management limited is the
• 31:46
  issuer of the Pathfinder Kiwis overplant so you can head to pathfinder.co.nz for more information
• 31:51
  to see their product disclosure statement or you can check them out on the show notes.