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Bec's Investing Confessions: Her First Year in the Share Market · She's On The Money

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  Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
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  Speaker 1: woman and I'm here to acknowledge country t glennyan Ganya, Niana,
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  Speaker 1: Kaka yah Ya bin Ahaka nian ar gay In Mbina,
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  Speaker 1: yak um jar dominyamiga Umagahawakaman damon imlan Wumba bang Gadabomba
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  Speaker 1: in and now in wakah ghana on yakraum jar Watnadaa. Hello,
• 0:22
  Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
• 0:26
  Speaker 1: We thank acknowledge and respect the Aberiginal people's land that
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  Speaker 1: we're gathering on today. Take pleasure in all the land
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  Speaker 1: and respect all that you see. She's on the Money
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  Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,
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  Speaker 1: knowledge and resources for you to thrive.
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  Speaker 2: She's on the Money.
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  Speaker 3: She's on the Money. Hello, and welcome to She's on
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  Speaker 3: the Money.
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  Speaker 2: The podcast let's you be pervy on other people's money
• 1:13
  Speaker 2: stories for educational purposes. Obviously, welcome back to another Money
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  Speaker 2: Diaries episode brought to you by Sky Wealth. I am
• 1:20
  Speaker 2: not your usual Money Diaries host, and this is not
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  Speaker 2: your usual Money Diaries episode. Today, I've got something very
• 1:27
  Speaker 2: special for you. It's actually something we have had on
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  Speaker 2: our most requested episode list for a very long time.
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  Speaker 2: I am obviously Jess Ricky, and today I am joined
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  Speaker 2: by someone who we all know and love to talk
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  Speaker 2: about her first yeah, as an investor. Welcome to the
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  Speaker 2: Money Diaries hot seat. Thanks site.
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  Speaker 3: Yes, Hi, it's so cool.
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  Speaker 2: You're so cute and excited.
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  Speaker 3: I'm so excited. I'm like, when you said the most
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  Speaker 3: requested episode, I was like, sure, I'm sure, sure, not
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  Speaker 3: for people, that is so nice. I mean, sorry, not
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  Speaker 3: most requested, but like requested at all. I'm stoked.
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  Speaker 2: Honestly, wouldn't be surprised if it was the most requested,
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  Speaker 2: very highly at the very least.
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  Speaker 3: That is crazy. Thank you, guys. I really hope I'm
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  Speaker 3: I make it worth it, you know, worth your time.
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  Speaker 2: Go leave a comment and tell her how much you
• 2:13
  Speaker 2: love her.
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  Speaker 3: I wouldn't hate it, you love it.
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  Speaker 2: I want to take you back back to the beginning, Yes,
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  Speaker 2: the time before she's on the Money Free Us. How
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  Speaker 2: did you feel about investing before you'd started working for
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  Speaker 2: the show.
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  Speaker 3: Honestly, I didn't know what it was. I couldn't understand it,
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  Speaker 3: just didn't Yeah, I think I hadn't demystified it at
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  Speaker 3: that point. It was kind of just like a word
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  Speaker 3: that I kind of reserved for people who were a
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  Speaker 3: little bit richer or something like that. I kind of
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  Speaker 3: just hadn't. I had no idea what it was. I
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  Speaker 3: have to be honest, I have no idea.
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  Speaker 2: That's fact we were honesty. Was anyone in your circle investing?
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  Speaker 2: Did anyone around you talk about it?
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  Speaker 3: My brother who has like always been really good with money,
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  Speaker 3: but he would he was like using these letters S
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  Speaker 3: and P five hundred, and I was like, I don't
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  Speaker 3: know what that is. And I didn't think I had
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  Speaker 3: enough money to make it worth it, so I was like,
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  Speaker 3: I'm not gonna I would kind of just zone out
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  Speaker 3: when he would talk about Yeah, but he was the
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  Speaker 3: only one I knew, the only person that was good
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  Speaker 3: with money in my world, and it was just never
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  Speaker 3: spoken about in a way that was at all palatable
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  Speaker 3: for someone who does not know about that stuff.
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  Speaker 2: You Knowah, it makes it feel really out of reach. Yeah,
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  Speaker 2: you had been with the show for about two years,
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  Speaker 2: I think, roughly before you started investing. What was holding
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  Speaker 2: you back from starting until that point?
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  Speaker 3: I think I just didn't understand it. I think it's
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  Speaker 3: mostly about like not understanding. I don't think I was
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  Speaker 3: like worried or fearful or anything like that. I just
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  Speaker 3: kind of thought, I, also, you need X amount before
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  Speaker 3: you even start. I was like, what's the point in
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  Speaker 3: chucking a dollar or two in there? It's going to
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  Speaker 3: go up and down. It's mainly going to go down.
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  Speaker 3: I didn't understand it enough, you know. And so I
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  Speaker 3: think when I realized that you get ten dollars for
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  Speaker 3: free with the sign up to shares, yes, yes, yes,
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  Speaker 3: and I was like, okay, well I'll just do that.
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  Speaker 3: But then also at the same time, and nothing to
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  Speaker 3: do with investing. I just like you know, when you
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  Speaker 3: just have like a life admin task, so you just
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  Speaker 3: keep putting off. It was just one of those things.
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  Speaker 3: And I think I was like, I think I was
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  Speaker 3: just like bored, maybe like an airport or something. It
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  Speaker 3: was like there was like a holding period, maybe I
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  Speaker 3: was like waiting for the doctor to come out or something,
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  Speaker 3: and I was like, well, I've completely scrolled all of Instagram,
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  Speaker 3: and what else can I do? And then that's I
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  Speaker 3: think when I did it. Yeah, and yeah, I just
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  Speaker 3: started with ten dollars and I don't even know how
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  Speaker 3: I knew what to put it on, but I just
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  Speaker 3: started with that and then that was it. Yeah, So
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  Speaker 3: I had to wait till I was bored enough to
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  Speaker 3: get into a place where I was like, I'll let
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  Speaker 3: me download. Yeah, you know, how did you find obviously
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  Speaker 3: while you were working for those two years, while you
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  Speaker 3: were hosting the show with Victoria inter minutely you were
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  Speaker 3: talking about investing, you know, probably like once a month
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  Speaker 3: or so, how did you find were you like absorbing
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  Speaker 3: the information or were you.
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  Speaker 2: Not really following along? Were you taking it in and
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  Speaker 2: wanting to sit with it for a while, Like what
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  Speaker 2: was that experience for you?
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  Speaker 3: I think I didn't take it in for a while,
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  Speaker 3: but I took it in enough to understand the word.
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  Speaker 3: I guess the same way I would understand when she
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  Speaker 3: says we need to do a budget for you. I
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  Speaker 3: have no idea what that looks like. I can't be
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  Speaker 3: like behind the word, I can't see that world.
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  Speaker 2: You don't see the value.
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  Speaker 3: I see the value, but I don't know what it is. Yeah,
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  Speaker 3: Like I can't see behind the door, the door, which
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  Speaker 3: is the word budget. Yeah, And because they can't see
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  Speaker 3: behind the door, nothing makes sense in my brain. I'm like, oh, yeah, yeah,
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  Speaker 3: I've got to do this thing. I don't know why.
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  Speaker 3: I don't know how. I don't know what it looks like.
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  Speaker 3: I don't know anything about it. I'm just like, okay, well,
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  Speaker 3: people are telling me I got to do this thing.
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  Speaker 3: I guess I got to do this thing. Yeah, but
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  Speaker 3: I don't know why yet. You know what I mean.
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  Speaker 2: You got to roll it around in your brain a
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  Speaker 2: little bit fast, like when you start a new job
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  Speaker 2: and they're like taking you through a process and you
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  Speaker 2: were just like, yeah, cool, easy, I know what like this,
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  Speaker 2: I do this after this.
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  Speaker 3: You don't know why yet, You're just kind of doing it,
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  Speaker 3: you know.
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  Speaker 2: That's what it feels like.
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  Speaker 3: I suppose that talent.
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  Speaker 2: Once you downloaded the app, did you invest immediately so
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  Speaker 2: you don't up to the app? You get ten dollars
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  Speaker 2: when you make your first deposit, did you then immediately
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  Speaker 2: put that into something?
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  Speaker 3: I think I did. I think I did. I must
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  Speaker 3: have put it in because the only reason I knew
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  Speaker 3: about ATFS was because of Victoria. And you know, for
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  Speaker 3: anyone who doesn't know, ETF is like a basket of shares.
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  Speaker 3: So you don't have to choose one share. It's just
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  Speaker 3: like a basket, and that felt easier for me and
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  Speaker 3: takes the pressure. Yeah, takes the pressure off. And I
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  Speaker 3: think it felt better somehow. And so I was like, oh,
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  Speaker 3: I'll I think I googled ETFs like most popular ones,
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  Speaker 3: and I think that that's how I decided where to
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  Speaker 3: put my money and then I just put it in
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  Speaker 3: that and then just kind of left it.
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  Speaker 2: Did you have any fears or hesitations around, you know,
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  Speaker 2: putting your money into something. I think for a lot
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  Speaker 2: of people, shares feel very intangible. It's like you're sending
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  Speaker 2: your money out into the universe and it's gone. Did
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  Speaker 2: you have any concerns around that?
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  Speaker 3: Yeah? I think because I didn't really. It wasn't didn't
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  Speaker 3: feel like my own money. So I was like, I
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  Speaker 3: didn't really mind. But then once I started putting my
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  Speaker 3: own money in, there was some there's some hesitation. Yeah,
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  Speaker 3: but I think that hearing Victoria say, and you know,
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  Speaker 3: I preface this by saying, like, I know that past
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  Speaker 3: performance is not an indicator of future performance, but knowing
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  Speaker 3: that it's kind of a thing that you know, ASX
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  Speaker 3: or S and P whatever they are, whatever the big
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  Speaker 3: ones are, they kind of have only gone up over
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  Speaker 3: the years, and so I was like, even if it
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  Speaker 3: goes down one day, or even if it's down for
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  Speaker 3: like a long time, I think it's gonna be okay,
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  Speaker 3: you know. And so but I wasn't too scared, especially
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  Speaker 3: when it wasn't really my money to begin with. I
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  Speaker 3: was like, whatever, I feel like.
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  Speaker 2: You're like your nature as a human is, you're very
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  Speaker 2: like everything will work out. It's it's fine. Totally feel
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  Speaker 2: like that lends itself really well to investing because you're
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  Speaker 2: absolutely right, Like you know, you can have peaks and troughs,
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  Speaker 2: but we always say look at it over, you know,
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  Speaker 2: zoom out of ten years here.
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  Speaker 3: Totally you're right.
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  Speaker 2: Historically typically the market's on average climb. But if you're
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  Speaker 2: caught up in the day to day looking at it,
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  Speaker 2: going oh what is this?
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  Speaker 3: What is that? That is my ideal? Yeah.
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  Speaker 2: Do you feel like you have a high risk appetite
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  Speaker 2: because of that?
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  Speaker 3: I think so. And I think like it really works
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  Speaker 3: in my favor to be so like no offense, Victoria
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  Speaker 3: or anyone, to be so not interested in finances is
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  Speaker 3: really working my favorite because I'm not. It does get
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  Speaker 3: to a point where, like I kind of do check
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  Speaker 3: it as often as I would check, like I don't know,
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  Speaker 3: I would go on Instagram and then I'm like, I'm
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  Speaker 3: bored of Instagram. I'm gonna check my chaise easier that
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  Speaker 3: kind of thing. But because it's not like I don't
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  Speaker 3: fully understand it, I don't fully understand all the words.
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  Speaker 3: I don't, you know, I'm kind of just checking it
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  Speaker 3: to see what it's doing, and then I'm leaving. You know,
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  Speaker 3: I'm not like I'm I'm not super I'm not reading
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  Speaker 3: up on anything. And that's so I think that because
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  Speaker 3: of that, I can kind of it can kind of
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  Speaker 3: be out of sight, out of mind.
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  Speaker 2: I want to ask about the first investment you made
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  Speaker 2: after that initial ten dollars. So obviously you had your
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  Speaker 2: ten dollars. It wasn't your own money because you got
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  Speaker 2: it from the sign up code. Love that thanks for supporting.
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  Speaker 2: Of course, after that, you obviously had to make a
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  Speaker 2: conscious choice to invest more money. When was that. How
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  Speaker 2: long after your initial investment of that ten dollars did
• 9:26
  Speaker 2: you invest in the same thing or something different? Talk
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  Speaker 2: me through that whole process.
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  Speaker 3: I think after that it probably was around the same time.
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  Speaker 3: It was either the same day or very very soon after,
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  Speaker 3: where I just honestly it was like five dollars or
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  Speaker 3: ten dollars I think, And it was like right when
• 9:45
  Speaker 3: payday came around. It was not like, you know, talk
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  Speaker 3: to me like three weeks or two weeks after payday,
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  Speaker 3: and there's just no chance I'm considering that, like I'm
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  Speaker 3: trying to use every Sometimes I'll send all these different
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  Speaker 3: cents to one account, so it turns to two dollars
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  Speaker 3: eighty and then I'm like, great, now i can buy
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  Speaker 3: seven to eleven coffee. I'm not putting that money in
• 10:06
  Speaker 3: the chairsias. But I started doing it like I had
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  Speaker 3: a lot of money because I just got paid, and
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  Speaker 3: then I think I put five or ten dollars in
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  Speaker 3: and then I think I probably did put it in
• 10:16
  Speaker 3: the same thing just because it's like I didn't really
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  Speaker 3: know anything. And then what I did was like I
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  Speaker 3: I don't like, this is not a recommendation or any
• 10:24
  Speaker 3: advice at all. But I went into like ETFs and
• 10:26
  Speaker 3: then I did you can like sort it by I
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  Speaker 3: think I did highest earning or greatest return or something
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  Speaker 3: like that, and then I decided like buying random things
• 10:36
  Speaker 3: and then and then I would google and I know
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  Speaker 3: this is not it is not financialized. This is probably
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  Speaker 3: very very dumb, but I would google, say, I don't know,
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  Speaker 3: a oaklook table forecast, whatever the share name is, I
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  Speaker 3: would I would type that in and then write forecast
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  Speaker 3: and if it like came up as like a strong
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  Speaker 3: buy or something and not that, I like, I promise
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  Speaker 3: I'm not like a big person who just like reads
• 11:03
  Speaker 3: and believes everything they see on the internet. But I
• 11:05
  Speaker 3: was just like, kind of just kind of felt like
• 11:07
  Speaker 3: a game. And I was like, who cares if I
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  Speaker 3: lose ten dollars here and there. I don't really care.
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  Speaker 3: I'm just like it kind of just felt like a game.
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  Speaker 3: And then before I knew it, I had like all
• 11:16
  Speaker 3: these different things going on, all my money in all
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  Speaker 3: these different places, the majority of it in like, you know,
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  Speaker 3: the safe ones, I suppose quote unquote, yeah.
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  Speaker 2: What kind of platforms or resources you know? You say
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  Speaker 2: you were reading somewhere that it was a recommendation strung
• 11:32
  Speaker 2: by recommendation? What kind of websites or platforms were you
• 11:35
  Speaker 2: looking out to get that information from.
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  Speaker 3: I would never use the same website, and I don't
• 11:39
  Speaker 3: know what websites are trustworthy. I would literally just go
• 11:42
  Speaker 3: to Google and then you know, sometimes the AI thing,
• 11:46
  Speaker 3: you'll right, you were summary at the top, and then
• 11:49
  Speaker 3: I would just look at that and then yeah, and
• 11:51
  Speaker 3: then skip out and be like, great, that's enough information
• 11:53
  Speaker 3: for me, and then go ahead and do it. And
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  Speaker 3: it doesn't always work, because.
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  Speaker 2: That is not because AI does not. Yes, I was
• 12:01
  Speaker 2: just gonna say, for anyone listening, this is back personal experience.
• 12:03
  Speaker 2: Personal not necessarily that we would recommend that you do exactly,
• 12:07
  Speaker 2: but that's okay, Like everybody has their own journey and
• 12:09
  Speaker 2: that is so fine. What surprised you about getting started
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  Speaker 2: investing once you finally got over the you know, the
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  Speaker 2: cliff and started going, honestly, like.
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  Speaker 3: Seeing it start earning money, I was like, oh my god,
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  Speaker 3: I thought that was just like I didn't think that's real.
• 12:23
  Speaker 3: I thought it was like you put money in. My
• 12:26
  Speaker 3: only experience with this kind of thing, because I had
• 12:29
  Speaker 3: just only ever done it for such a short period
• 12:31
  Speaker 3: of time, is that I put money in and then
• 12:33
  Speaker 3: I lose a little bit and then I take it
• 12:35
  Speaker 3: out and that's all all. Like I would maybe gain
• 12:37
  Speaker 3: a tiny bit and then it would take it out
• 12:39
  Speaker 3: and it all go to fees or whatever, and then
• 12:42
  Speaker 3: now that I've had it in there for so long,
• 12:45
  Speaker 3: it's earning money, and I just I know that that's
• 12:49
  Speaker 3: the point of it, you know, ideally that's the point
• 12:51
  Speaker 3: of it. But yeah, I didn't think it would be real,
• 12:54
  Speaker 3: and then I can see it's happening, it's doing it.
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  Speaker 2: When created earning money? Are you talking about the things
• 13:00
  Speaker 2: you're investing in? Paying you dividend? Are you talking about
• 13:02
  Speaker 2: the value of your shares increasing? The value of my
• 13:05
  Speaker 2: shares increasing? But I do sometimes to get dividen in. Yeah,
• 13:08
  Speaker 2: even if it's like sixteen cents, isn't it the most
• 13:10
  Speaker 2: exciting thing ever?
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  Speaker 3: Totally? And I've got my notifications on so it's like,
• 13:13
  Speaker 3: this thing is about to pay your dividen in and
• 13:15
  Speaker 3: I'm like, what, that's thank you?
• 13:17
  Speaker 2: Do you reinvest it or do you keep the dividend?
• 13:20
  Speaker 3: I reinvest it just because I don't want to learn
• 13:24
  Speaker 3: how to take it out, and I feel like that's good. Yeah,
• 13:28
  Speaker 3: I'm purposely not figuring out how to withdraw money.
• 13:31
  Speaker 2: Because then I will just do it and then you
• 13:33
  Speaker 2: know it that I want to get a little bit nosy. Absolutely,
• 13:38
  Speaker 2: can I ask how much do you have invested?
• 13:40
  Speaker 4: Now?
• 13:40
  Speaker 3: Yeah? So just check this one second before we started talking,
• 13:44
  Speaker 3: and so it may have changed, but it's four and
• 13:48
  Speaker 3: twenty dollars and fifty five cents.
• 13:50
  Speaker 2: That's amazing.
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  Speaker 4: Creation.
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  Speaker 2: Did you ever feel like it would get to that
• 13:56
  Speaker 2: amount of money?
• 13:56
  Speaker 1: No.
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  Speaker 3: When I started, I like, I think it took me
• 13:59
  Speaker 3: agesy at to seventy and then I was like, oh
• 14:00
  Speaker 3: my god, it's seventy bucks in here. That's crazy. And
• 14:03
  Speaker 3: there were times where I was like, I've completely run
• 14:06
  Speaker 3: out of money. I'm gonna have to take the seventy
• 14:07
  Speaker 3: dollars out. But then I was like, oh no, I
• 14:09
  Speaker 3: don't know how to do it yet, and I don't
• 14:11
  Speaker 3: want to figure it out. You know, we're going to
• 14:12
  Speaker 3: keep it that way. You're going to keep it that way,
• 14:15
  Speaker 3: and so I I And then before I knew it like,
• 14:17
  Speaker 3: it just kept growing. And then when it starts growing,
• 14:18
  Speaker 3: you're like, and it's wasn't even like the value of
• 14:22
  Speaker 3: the shares growing, It was just me putting money in. Yeah,
• 14:25
  Speaker 3: and that in itself was like enough to kind of
• 14:28
  Speaker 3: be a bit addictive eventually.
• 14:30
  Speaker 2: Such a good feeling.
• 14:31
  Speaker 3: It's such a good feeling.
• 14:32
  Speaker 2: Have you ever pulled money out or have you just
• 14:34
  Speaker 2: been adding to it? The whole time.
• 14:35
  Speaker 3: I've just been adding to it that.
• 14:37
  Speaker 2: Honestly, Beck for you, and I'm saying this in a
• 14:42
  Speaker 2: very loving way. I don't want you want to take
• 14:43
  Speaker 2: it away, but for you and your personality type and
• 14:46
  Speaker 2: the way that you struggle with impulse control, that's incredible.
• 14:50
  Speaker 3: Thank you so much, thank you, good job, thank you
• 14:53
  Speaker 3: so much.
• 14:53
  Speaker 2: I'm really really proud of you.
• 14:55
  Speaker 3: Thank you, Jesse.
• 14:56
  Speaker 2: It's so sweet.
• 14:57
  Speaker 4: Thank you.
• 14:57
  Speaker 3: I really it does not go with my story. It's
• 15:00
  Speaker 3: so really so far from anything I could have dreamed
• 15:05
  Speaker 3: for myself. Yeah, and again, like in my real life,
• 15:08
  Speaker 3: I don't have savings because I can't. I don't have
• 15:12
  Speaker 3: the control. So I'm like, yeah, this is the only
• 15:14
  Speaker 3: thing I know. Victoria would suggest having the emergency fund
• 15:17
  Speaker 3: before investing, but that if that's the only thing that
• 15:20
  Speaker 3: works for me. Unfortunately I just have investments. I don't
• 15:25
  Speaker 3: have savings, and that's okay. I think, Yeah, worst came
• 15:28
  Speaker 3: to worse, A's still good that thing.
• 15:30
  Speaker 2: Yeah, you know, the fact you're working on creating a
• 15:33
  Speaker 2: more secure financial future for yourself in a way that
• 15:36
  Speaker 2: works for you, and I think that that's absolutely there's
• 15:37
  Speaker 2: no right way to do money.
• 15:39
  Speaker 3: Thank you.
• 15:40
  Speaker 2: The fact, yeah, that you're changing your habits. That's just
• 15:42
  Speaker 2: so wonderful.
• 15:43
  Speaker 3: Thank you. Oh my gosh. How many different things.
• 15:46
  Speaker 2: Are you invested in across that? For else, I feel like.
• 15:50
  Speaker 3: I'm going to check really quickly while I have you here. So, oh,
• 15:58
  Speaker 3: I've got eighteen dollars in my wall right now, one, two, three, four,
• 16:09
  Speaker 3: I've invested in thirty six things.
• 16:12
  Speaker 2: And you know what, that's your journey and that's okay,
• 16:16
  Speaker 2: that's funny. Okay, here's a question. So you're invested in
• 16:19
  Speaker 2: you're very well potentially diversified. Are they all ETFs? Are
• 16:25
  Speaker 2: some of those individual shares?
• 16:27
  Speaker 3: I think some of some of the individual Do you
• 16:30
  Speaker 3: think I should condense them?
• 16:32
  Speaker 2: I mean, it's totally up to you in your strategy.
• 16:35
  Speaker 2: If you hold a lot of ETFs, though, it would
• 16:37
  Speaker 2: probably be worth looking at what overlaps. I would say
• 16:40
  Speaker 2: a lot of you know, a lot of ETFs or
• 16:43
  Speaker 2: index funds rather track markets and things, So you might
• 16:46
  Speaker 2: find true depending on what you've invested, there may be
• 16:49
  Speaker 2: a fair bit of crossover there you consolidate down. Not
• 16:52
  Speaker 2: that there's anything wrong with holding lots of different things,
• 16:55
  Speaker 2: it just means you're like money's more spread out with
• 16:58
  Speaker 2: so many of them in your PORTFOLI, how do you
• 17:01
  Speaker 2: decide where your money is going? So let's say you
• 17:04
  Speaker 2: get here, You've got a certain amount you what did
• 17:06
  Speaker 2: you say, seventeen dollars in your wallet right now?
• 17:08
  Speaker 1: Ah?
• 17:08
  Speaker 3: Yes, eighteen eight right now?
• 17:11
  Speaker 2: How do you go? Okay? Well, which of these thirty
• 17:14
  Speaker 2: plus places am I putting that money?
• 17:17
  Speaker 3: I could probably put fifty cents in each?
• 17:19
  Speaker 2: Is that your typical shows.
• 17:23
  Speaker 3: You look so stressed? I want to know more. It's
• 17:28
  Speaker 3: such a good question. That really stresses me out when
• 17:30
  Speaker 3: I have money in my wallet because I'm like, well,
• 17:32
  Speaker 3: I don't I don't want to keep it there. I
• 17:33
  Speaker 3: want to put it somewhere, but I don't know where
• 17:35
  Speaker 3: to put it. I don't know where to start, and
• 17:36
  Speaker 3: so I think I should go through and figure out
• 17:38
  Speaker 3: what's not working for me anymore. But what I do
• 17:41
  Speaker 3: is I have price notifications set on some things. That's great.
• 17:45
  Speaker 2: So when things dip under a certain notified just way.
• 17:49
  Speaker 3: Go to the one that I will The major one
• 17:51
  Speaker 3: that I'm going to be investing in probably for about
• 17:53
  Speaker 3: is ASX five hundred I think, or s.
• 17:56
  Speaker 2: And P five hundred s and P five hundred s
• 17:58
  Speaker 2: and p five hundred.
• 17:59
  Speaker 3: It's a combination of both SMP and ASX. That's like,
• 18:03
  Speaker 3: I think that's my main one. I'm pretty sure. And
• 18:05
  Speaker 3: then I just like have like I put everything in
• 18:07
  Speaker 3: there if I can't decide.
• 18:09
  Speaker 2: Yeah, so're investing in an index fund that tracks the
• 18:12
  Speaker 2: two different AXMSMP.
• 18:14
  Speaker 3: Yeah exactly.
• 18:15
  Speaker 2: Yeah, so you put the bulk of your money, you
• 18:17
  Speaker 2: would say, into that every time you have money there, Yes, yes, exactly.
• 18:21
  Speaker 2: Incredible overall, Like, how are you feeling about just everything
• 18:25
  Speaker 2: that you've got going on? I feel like from where
• 18:26
  Speaker 2: you were when you started to be here, you've come
• 18:29
  Speaker 2: such a long way.
• 18:30
  Speaker 3: How does it sound you? It does feel really really good.
• 18:33
  Speaker 3: It just feels like though, because it's not fully in
• 18:37
  Speaker 3: my day to day. It's not accessible, and it's not
• 18:40
  Speaker 3: like I'm trying to not make it accessible as well,
• 18:42
  Speaker 3: and that's intentional. Right. Yeah, it does feel good to
• 18:45
  Speaker 3: have like almost like a safety net that I don't
• 18:48
  Speaker 3: want to touch and I don't expect to touch at
• 18:50
  Speaker 3: any point. But my day to day still feels weirdly
• 18:55
  Speaker 3: exactly the same as. Oh no, I think I do
• 18:58
  Speaker 3: feel a little bit better, even though I am still
• 19:00
  Speaker 3: not doing well financially. Like just because of my own
• 19:03
  Speaker 3: you know, I mean I don't get I don't get
• 19:05
  Speaker 3: paid heaps of money, but I could be way better
• 19:07
  Speaker 3: with my money as well.
• 19:08
  Speaker 2: Learning still, you're learning still, so because you don't have
• 19:11
  Speaker 2: that safety in it. Have you ever thought about getting
• 19:14
  Speaker 2: personal insurances or something like that to help protect yourself.
• 19:18
  Speaker 3: I have thought about it. It's all like quite a complex,
• 19:21
  Speaker 3: seems like a complex world, too complex a world for me.
• 19:24
  Speaker 3: So I don't have insurance, but I would. I have
• 19:29
  Speaker 3: been thinking about maybe one day exploring.
• 19:31
  Speaker 2: That when you do chi go to fel he did mine,
• 19:33
  Speaker 2: and like their team, they just do insurance. It's a
• 19:37
  Speaker 2: much more affordable fee getting advice for insurance specifically, rather
• 19:41
  Speaker 2: than going and getting holistic financial advice like significantly significantly cheaper.
• 19:46
  Speaker 2: And their team were amazing. They kind of like sort
• 19:48
  Speaker 2: of it all out presented it to me because.
• 19:50
  Speaker 3: It can be a r that is literally what I need.
• 19:52
  Speaker 3: I kind of feel like embarrassed going to you know,
• 19:54
  Speaker 3: maybe like my super company or something and they kind
• 19:56
  Speaker 3: of deal all these different things, but like strictly insurance
• 19:59
  Speaker 3: or something be really really helpful, I imagine. So okay,
• 20:04
  Speaker 3: than even though I'm still not using it wisely, I
• 20:10
  Speaker 3: am like things feel clearer, you know, and I can
• 20:14
  Speaker 3: see things clearer, and I can see a path that
• 20:17
  Speaker 3: is starting to form, and I all I need to
• 20:20
  Speaker 3: do is just like walk down the path. Yeah, but
• 20:22
  Speaker 3: I couldn't see the path before.
• 20:24
  Speaker 2: That's amazing, you know what I mean. Absolutely, And that's
• 20:26
  Speaker 2: the thing of it all. I think a lot of
• 20:27
  Speaker 2: the time, as humans, we feel like we've got to
• 20:30
  Speaker 2: have it all figured out to get that and that
• 20:32
  Speaker 2: like I'm someone who as a perfectionist, that really holds
• 20:35
  Speaker 2: me back, Like across pretty much every aspect of my life,
• 20:37
  Speaker 2: that need for things to be exactly right is often
• 20:40
  Speaker 2: what holds me back. And so I didn't start investing
• 20:43
  Speaker 2: until I was confident in what I was choosing, and
• 20:45
  Speaker 2: I didn't you know, I don't make choices until I'm like,
• 20:48
  Speaker 2: this is the right thing, and like that's not how
• 20:50
  Speaker 2: the world works, I know. I mean it honestly, probably
• 20:53
  Speaker 2: is a lot more effective in terms of taking advantage
• 20:56
  Speaker 2: of time in the market to be like you and
• 20:57
  Speaker 2: just go, well, you know what, I don't know what
• 20:59
  Speaker 2: I'm really doing, but I'm to throw some money and
• 21:00
  Speaker 2: we're going to figure it out totally. And you can
• 21:03
  Speaker 2: always change it down the track, like you've got the
• 21:05
  Speaker 2: thirty six. We can take a look after the show
• 21:07
  Speaker 2: and go okay, like what crow crossover is there? Like
• 21:09
  Speaker 2: how can we clean this up? If that's something you
• 21:11
  Speaker 2: want to do. Yeah, but if it's not, it also
• 21:14
  Speaker 2: isn't wrong, like and there is no wrong way to
• 21:16
  Speaker 2: do it, you know what I mean?
• 21:18
  Speaker 3: Yes, you're sor right? Thank you? So no, no, no,
• 21:21
  Speaker 3: I just like like you thinking about how I for
• 21:25
  Speaker 3: some reason thought I was had like eight things in there.
• 21:30
  Speaker 4: Scrawling.
• 21:32
  Speaker 3: You and I will sit down after this, you'll have
• 21:33
  Speaker 3: a look. Thank you.
• 21:35
  Speaker 2: In the meantime, let's go to a really quick break.
• 21:37
  Speaker 2: Maybe we can't pull it up, have a quick little
• 21:38
  Speaker 2: scroll gorgeous, and then when we come back, I want
• 21:40
  Speaker 2: to hear a bit more about this journey. So don't
• 21:42
  Speaker 2: go anywhere, guys. Beck and I are back, and I
• 21:48
  Speaker 2: want to know a year on, as a person who
• 21:51
  Speaker 2: is very very honest about not having a lot of
• 21:54
  Speaker 2: additional income, what does your regular investing.
• 21:57
  Speaker 3: Look like for you?
• 22:00
  Speaker 2: In Chazya's however you're investing if you invest other ways, Oh.
• 22:04
  Speaker 3: I understand it well Chazy's actually, yes, is the only
• 22:06
  Speaker 3: way I invest so I don't. Actually, no, I in
• 22:11
  Speaker 3: Victoria probably would like this very much. I have a
• 22:12
  Speaker 3: little bit of money in bitcoin. There you go just
• 22:16
  Speaker 3: like forty dollars, and I'm like, well, I just leave
• 22:18
  Speaker 3: it there because who knows.
• 22:19
  Speaker 2: You know, maybe you'll be like that guy who throughout
• 22:21
  Speaker 2: the hard drive that had like two billion dollars.
• 22:23
  Speaker 3: Oh my god, because he bought it, right, is that
• 22:25
  Speaker 3: forty dollars? You never know, You never know, you never know.
• 22:28
  Speaker 3: So I do have that sitting there. I forgot about that,
• 22:31
  Speaker 3: but no otherwise just Chazy's. So I've kind of just
• 22:34
  Speaker 3: like put auto roundups on so I can see when
• 22:37
  Speaker 3: I go in there that it's like, you know, there's
• 22:39
  Speaker 3: like a tally. It is also very revealing because it's
• 22:42
  Speaker 3: like I'm I'm not realizing how much, how much or
• 22:45
  Speaker 3: how quickly I'm spending. But every let's say dollar is
• 22:49
  Speaker 3: rounded up to the next.
• 22:50
  Speaker 2: So if you buy like a two dollars fifty coffee,
• 22:53
  Speaker 2: you'll spend three dollars and fifty cents if that goes
• 22:55
  Speaker 2: to your chazyas exactly exactly.
• 22:57
  Speaker 3: So my in my sharzycounter will kind of be likeing
• 23:00
  Speaker 3: up and the rate at which I'm eating five dollars
• 23:04
  Speaker 3: is like super human.
• 23:07
  Speaker 2: You're spending a lot of money.
• 23:08
  Speaker 3: I'll spend a lot of money. So almost every nanosecond
• 23:13
  Speaker 3: shares these all notify me and say another five dollars,
• 23:15
  Speaker 3: and then my dollars is hitting your account and I'm like, okay,
• 23:18
  Speaker 3: well I need and I can't even afford these five
• 23:20
  Speaker 3: dollars anymore, you know, And I'm like, well, I need
• 23:22
  Speaker 3: to be spending less, is I think the takeaway, But
• 23:26
  Speaker 3: my brain is also kind of like I just need
• 23:28
  Speaker 3: to turn my roundups off. No, Andy is spend less.
• 23:31
  Speaker 3: You know that mindset shit there you go, look at
• 23:34
  Speaker 3: that mindset ship that happened in real time because we
• 23:38
  Speaker 3: have this conversation.
• 23:40
  Speaker 4: Was like.
• 23:42
  Speaker 3: My round ups off or yes, or like to be
• 23:49
  Speaker 3: spending the same amount but in one transaction. Yeah, that's true.
• 23:54
  Speaker 3: So I have round ups on. I don't even remember
• 23:57
  Speaker 3: the last time I actively went and deposited money in there.
• 24:00
  Speaker 3: So it's it really is just those roundups that are
• 24:03
  Speaker 3: keeping me afloat. But there's a new like five dollars
• 24:05
  Speaker 3: every at least once a day, I would say, wow,
• 24:09
  Speaker 3: which is crazy and also feels like if someone asks
• 24:14
  Speaker 3: me this to save what is that seven times five
• 24:18
  Speaker 3: thirty five dollars a week. I'd be like, I can try,
• 24:21
  Speaker 3: but I probably probably won't do that.
• 24:23
  Speaker 1: Yeah.
• 24:23
  Speaker 3: I saved twenty dollars for two weeks and then immediately
• 24:25
  Speaker 3: took it out again, you know what I mean. But
• 24:27
  Speaker 3: thirty dollars a week in my SHARE's ease, I'm not noticing, Yeah,
• 24:33
  Speaker 3: and I can't take out.
• 24:34
  Speaker 2: And that's the nice thing about automating. I think, especially
• 24:36
  Speaker 2: for someone like you you've got an EHD, impulse control
• 24:39
  Speaker 2: is a big thing. I think that having it automated
• 24:42
  Speaker 2: means you don't have to think about It's that out
• 24:44
  Speaker 2: of sight, out of mind, which I know that obviously
• 24:46
  Speaker 2: when you're investing, you know, make sure your hands on,
• 24:48
  Speaker 2: make sure you're looking at everything. But having that little
• 24:51
  Speaker 2: bit of I guess, removing the barrier, like it just
• 24:54
  Speaker 2: happens without you, Yeah, you know what I mean, So
• 24:56
  Speaker 2: you're not conscious of it. You don't notice the fifty
• 24:58
  Speaker 2: cents disappearing on top of your two fifty coffee necessarily.
• 25:01
  Speaker 2: Then when you have five dollars to invest, you're, oh,
• 25:04
  Speaker 2: that's actually like quite a lot of money.
• 25:06
  Speaker 3: Yeah, exactly, And then it kind of gets really exciting
• 25:09
  Speaker 3: like that. I mean, I don't recommend having thirty six
• 25:12
  Speaker 3: different things that you're investing in, but going through and like,
• 25:15
  Speaker 3: oh know, see what's coming up, what's hot right now?
• 25:18
  Speaker 3: You know, it's kind of fun. And like even if
• 25:20
  Speaker 3: you if you end up like playing with that five
• 25:23
  Speaker 3: dollars and you lose it or it kind of goes
• 25:26
  Speaker 3: down and up and whatever, it's like, you know, yeah,
• 25:28
  Speaker 3: it's five dollars and it was fun and you learn
• 25:30
  Speaker 3: something I suppose, so it's all worth it at the
• 25:32
  Speaker 3: end of the day.
• 25:33
  Speaker 2: Incredible.
• 25:33
  Speaker 3: Yeah, And I think like the other thing I would
• 25:36
  Speaker 3: say is once it starts getting rewarding, you might think like, oh,
• 25:40
  Speaker 3: it's going to take like a year to get to
• 25:41
  Speaker 3: fourteen hundred, but like and you know, maybe it took
• 25:43
  Speaker 3: me that long, maybe it took longer than that. I
• 25:46
  Speaker 3: think it took longer than that. But it starts being
• 25:48
  Speaker 3: rewarding and addictive the second you start. It's like from
• 25:53
  Speaker 3: fifteen dollars onward, it is so addictive, so you don't
• 25:56
  Speaker 3: need to be like, oh, in a year then I'll
• 25:58
  Speaker 3: have enough and then I'll be like no, it's like rewarding.
• 26:01
  Speaker 3: It's like addicting, addictive, immediately.
• 26:05
  Speaker 2: Yeah, incredible. You're someone who's really driven by your values.
• 26:09
  Speaker 2: You're very clear, I think.
• 26:11
  Speaker 3: Like cure, Yeah, very clear moral lines.
• 26:13
  Speaker 2: How does that play into your investing in what you're
• 26:16
  Speaker 2: choosing to invest in.
• 26:17
  Speaker 3: It's a great question. And what I do is, I mean,
• 26:21
  Speaker 3: Google's my best friend with this kind of thing, which
• 26:23
  Speaker 3: I think is ironic because you know, I'm using still
• 26:27
  Speaker 3: AI even though I don't use chat GPT, but it's
• 26:29
  Speaker 3: still kind of is using the same energy, I think.
• 26:33
  Speaker 3: But I have a lot of friends that are that
• 26:37
  Speaker 3: has the same mentality as me, but they're a little
• 26:39
  Speaker 3: bit more they're more disciplined, and they're more going to
• 26:44
  Speaker 3: like look into what they're.
• 26:45
  Speaker 2: Doing, and they're doing the research.
• 26:46
  Speaker 3: They're doing the research, and they're going to sit down
• 26:49
  Speaker 3: and like take the time to And so I surround
• 26:52
  Speaker 3: myself with people who are pretty like minded and have
• 26:54
  Speaker 3: the similar goals and also the same values and morals
• 26:57
  Speaker 3: and things like that, and so if I'm sure, I'll
• 27:01
  Speaker 3: kind of like chat with them make sure I'm doing
• 27:02
  Speaker 3: the right thing. But it is a big part of
• 27:06
  Speaker 3: my brain, but it's not currently something I'm like big into.
• 27:15
  Speaker 3: Like basically I could go through my thing right now,
• 27:17
  Speaker 3: my shares is right now, I can't say with all
• 27:19
  Speaker 3: confidence that I'm not investing in something completely morally corrupt.
• 27:24
  Speaker 2: You haven't overlaid that into the way that you're making
• 27:26
  Speaker 2: your choice.
• 27:27
  Speaker 3: Yeah, but I also wouldn't be able to ignore it
• 27:29
  Speaker 3: if I knew. So if there's something that I know
• 27:31
  Speaker 3: for sure is I'm investing in something really bad or
• 27:35
  Speaker 3: investing in you know, the wrong areas or something, I
• 27:38
  Speaker 3: would not be able to ignore it. But not knowing
• 27:40
  Speaker 3: right now is a good strategy for me.
• 27:43
  Speaker 2: So like you wouldn't invest in like a gun company directly, Yeah,
• 27:46
  Speaker 2: you also wouldn't know if an ETF you hold might.
• 27:50
  Speaker 3: Do that exactly exactly. Actually, yeah, that's wow. I need
• 27:55
  Speaker 3: to look into that. That's good to know.
• 28:00
  Speaker 2: And yeah, that's exactly right. You were saying you talk
• 28:02
  Speaker 2: to your friends. When we were talking about the start
• 28:05
  Speaker 2: of your journey. You were saying, no one around you
• 28:07
  Speaker 2: except your brother was talking about investing or financeaging and
• 28:10
  Speaker 2: that stuff. Is that different now? Do more of your
• 28:12
  Speaker 2: friends invest or talk about money more openly or things
• 28:14
  Speaker 2: like that?
• 28:15
  Speaker 3: It's probably more about like the not so much as
• 28:18
  Speaker 3: the money thing in the investing thing, more about like
• 28:20
  Speaker 3: the companies or you know, like areas in which like
• 28:24
  Speaker 3: if I say I'm investing in ASX whatever, a friend
• 28:28
  Speaker 3: somewhere might know or that, do you know that they
• 28:31
  Speaker 3: invest in this or you know, so I have randomly
• 28:34
  Speaker 3: friends with random bits of knowledge or that they're into
• 28:37
  Speaker 3: investing or finances in that way. But they're fully across
• 28:41
  Speaker 3: who we should be boycotting right now, and who's investing
• 28:44
  Speaker 3: in really bad things and who funds really bad things,
• 28:47
  Speaker 3: Like they're all completely across, like the political side of investing. Yeah,
• 28:53
  Speaker 3: not that they are necessarily investing, you know what I mean?
• 28:56
  Speaker 2: Yeah, that makes sense.
• 28:56
  Speaker 3: Yeah.
• 28:57
  Speaker 2: Do you know which of your investments has the best
• 28:58
  Speaker 2: return accuracy?
• 29:00
  Speaker 3: Yes, gene DX Holdings. I have no idea what that is.
• 29:06
  Speaker 3: Can you tell me more? I can it is? Uh,
• 29:08
  Speaker 3: let me quickly open it because I remember Victoria told
• 29:11
  Speaker 3: me once that Warren Buffett said, if you don't understand
• 29:15
  Speaker 3: the investment, then you should not be invested in it.
• 29:19
  Speaker 2: That's good advice.
• 29:20
  Speaker 3: That is good advice. And I don't fully understand investment.
• 29:22
  Speaker 3: But gene DX Holdings Corp. Is a genomics company genomics company.
• 29:29
  Speaker 3: The company operates through its subsidiary sor I'm not going
• 29:31
  Speaker 3: to read all that. It's focused on xome in genome
• 29:35
  Speaker 3: tests that translate complex genomic genomic data into clinical answers
• 29:40
  Speaker 3: that unlock personalized health plans.
• 29:42
  Speaker 4: Cool.
• 29:43
  Speaker 2: So it's like data research, yes, health genome stuff I
• 29:47
  Speaker 2: think is linked to like disease prevention. Yes, all that
• 29:51
  Speaker 2: sort of stuff.
• 29:52
  Speaker 3: I believe so, And like I thought it was like
• 29:54
  Speaker 3: something like genetic testing, but it could be completely wrong.
• 29:56
  Speaker 3: I'm not too sure, but something like that for some reason,
• 30:00
  Speaker 3: and it's doing so well and I wish.
• 30:01
  Speaker 2: You landed you up just out of cura.
• 30:03
  Speaker 3: Oh yes, Okay, this is going to blow your tits
• 30:07
  Speaker 3: clean off.
• 30:08
  Speaker 2: I only have someone's I need it.
• 30:11
  Speaker 3: Well, they're going to be gone after this episode. So
• 30:15
  Speaker 3: price change one hundred and ten percent. Wow, i put
• 30:19
  Speaker 3: seventy seven dollars in and I've got a return of
• 30:22
  Speaker 3: fifty four dollars. We've got one hundred and twenty six
• 30:24
  Speaker 3: dollars in this thing. And so it was that long ago,
• 30:27
  Speaker 3: and well I was a few months ago. But it
• 30:29
  Speaker 3: just keeps going up and up and up. There you go,
• 30:32
  Speaker 3: and I am just hoping that it stays that way.
• 30:36
  Speaker 3: So it's not advice because it's.
• 30:39
  Speaker 2: You're in research. Make sure it's right exactly.
• 30:41
  Speaker 3: Investing contains risk exactly, and I, unfortunately, I feel like
• 30:44
  Speaker 3: it's gone to its peak.
• 30:46
  Speaker 2: Well, yes, there is that the idea of but it
• 30:49
  Speaker 2: depends everything. If you can predict it, we'd all be rich.
• 30:53
  Speaker 3: Yes, well that's it.
• 30:54
  Speaker 2: Have you invested in anything that you wish that you hadn't.
• 30:56
  Speaker 3: I did invest in no offense to the company. I
• 31:00
  Speaker 3: don't understand this company. But basically my partner was really
• 31:03
  Speaker 3: cross with me because I could buy her gifts and
• 31:05
  Speaker 3: so I was like, well, instead of that, I'm going
• 31:06
  Speaker 3: to buy shares for you. And so I just like,
• 31:09
  Speaker 3: the only one that I could find that had like
• 31:10
  Speaker 3: a cute name was love a love company, Love's group
• 31:14
  Speaker 3: or something like that, and I put on Love. I
• 31:17
  Speaker 3: don't have no idea what love group is. I didn't
• 31:18
  Speaker 3: look into it. I just thought love is a cute word,
• 31:21
  Speaker 3: and that's what I'm looking for. And or I was
• 31:23
  Speaker 3: like baby something, but I like if I was baby bunting,
• 31:26
  Speaker 3: and I was like, I don't think that's the right vibe.
• 31:27
  Speaker 3: So I just went with Love Group and then I
• 31:28
  Speaker 3: put my money in there, and and then it's just
• 31:30
  Speaker 3: gone down and down and down, and uh, that's the
• 31:33
  Speaker 3: only thing I kind of regret. But it's still kind
• 31:36
  Speaker 3: of cute.
• 31:36
  Speaker 2: You're putting your investments in the way I would pick
• 31:38
  Speaker 2: like a racehorse.
• 31:41
  Speaker 3: Exactly exactly. But I think it's coming back. It's coming back.
• 31:44
  Speaker 3: So I feel like sometimes your gut or the name
• 31:48
  Speaker 3: of a company, if it's cute, you gotta just you
• 31:51
  Speaker 3: gotta go for it. It's going to pay off.
• 31:53
  Speaker 2: Probably do your in research. We just had a quick
• 31:57
  Speaker 2: producer am. I just did a quick google for us.
• 31:59
  Speaker 2: It's a dating part that is so cute.
• 32:02
  Speaker 3: Oh my god, that kind of works.
• 32:05
  Speaker 2: I mean, it does what you wanted it to do.
• 32:06
  Speaker 2: It's got the cute name, it's got a cute name.
• 32:09
  Speaker 2: So it's been a year now that you've been investing,
• 32:11
  Speaker 2: do you feel or think differently about it as a whole.
• 32:15
  Speaker 3: I think there's a part of me that's like, cute,
• 32:17
  Speaker 3: All well and good. I'm going to keep the money
• 32:20
  Speaker 3: is going to grow. But I think because it's like, oh,
• 32:23
  Speaker 3: it's a long term investment, you're not really going to
• 32:25
  Speaker 3: take shares out. I'm like, when do you take shares out?
• 32:27
  Speaker 3: You know what I mean? Like, will I be like
• 32:29
  Speaker 3: seventy and be like, it's I've hit It's not making
• 32:32
  Speaker 3: sense in my brain yet, Like I like, I know that.
• 32:35
  Speaker 3: I think it's same with savings and stuff. I'm like,
• 32:36
  Speaker 3: you save, you save, you save, and then when do
• 32:38
  Speaker 3: you spend well, it depends on your strategy. So for
• 32:42
  Speaker 3: a lot of people, the idea is that you reach
• 32:45
  Speaker 3: a point of investment that you have enough funds invested
• 32:47
  Speaker 3: that the dividends that you're paid is what you would
• 32:49
  Speaker 3: live off of.
• 32:50
  Speaker 2: So you you know, it's the math of it all
• 32:52
  Speaker 2: going okay, well, to live comfortably every year, I need
• 32:56
  Speaker 2: X amount of dollars. They explained this we did Victoria
• 32:59
  Speaker 2: did and investing with one ab out other team members
• 33:01
  Speaker 2: Brooke who's doing fire financial independence earlier and she spoke
• 33:05
  Speaker 2: about this. It's you work out what would you comfortably
• 33:07
  Speaker 2: live off of? Okay, I need seventy thousand dollars a
• 33:10
  Speaker 2: year to live and then you do the math backwards
• 33:12
  Speaker 2: and go, okay, well to earn dividends of around seventy
• 33:16
  Speaker 2: thousand dollars because obviously it's subject to market conditions, I
• 33:19
  Speaker 2: would need to have X amount of dollars invested, and
• 33:21
  Speaker 2: so that's their goal is to hit a point where
• 33:23
  Speaker 2: you would have enough invested that you are basically paid
• 33:27
  Speaker 2: a salary or an equivalent off to buy your dividends.
• 33:31
  Speaker 2: But for some people, they are investing with the purpose of,
• 33:34
  Speaker 2: you know, selling it down for a profit and using
• 33:36
  Speaker 2: that to pay for something. You know, everybody's strategy is different.
• 33:40
  Speaker 3: Okay, got you? Got you? Oh okay, because I'm.
• 33:44
  Speaker 2: Thinking You're like, I'm pulling it out next year.
• 33:47
  Speaker 3: Yeah, I'm like, okay, well then you make like X
• 33:50
  Speaker 3: amount and then you pull it all out and then
• 33:52
  Speaker 3: you I understand, now you don't do that. You can't.
• 33:56
  Speaker 2: It totally depends on your strategy, and I think for
• 33:58
  Speaker 2: someone like you, it's it's a really good exercise in
• 34:01
  Speaker 2: like discipline. And so if anything, I would be saying, no,
• 34:04
  Speaker 2: we don't want to pull it out, like we want
• 34:05
  Speaker 2: to see how far can you push it? Do you
• 34:07
  Speaker 2: want to see how big can it get?
• 34:08
  Speaker 3: Yeah? I kind of do want to see it.
• 34:10
  Speaker 2: So yourself a huge goal something that what feels what
• 34:12
  Speaker 2: would that amount be? If you could go, oh, if
• 34:14
  Speaker 2: I could have any amount invested, I would want it
• 34:16
  Speaker 2: to be this. What would that be for you?
• 34:18
  Speaker 3: Probably like one hundred thousand dollars.
• 34:22
  Speaker 2: That's a great goal.
• 34:24
  Speaker 3: Okay, so that's your goal probably, Like I'm thinking like
• 34:26
  Speaker 3: twenty thirty years.
• 34:27
  Speaker 2: Absolutely, I'm not sing whatever time frame works for you,
• 34:30
  Speaker 2: but like that's a great goal to have, and like that,
• 34:33
  Speaker 2: do you know what I mean? Now every time you go, oh,
• 34:34
  Speaker 2: I want to pull my money out, but think but
• 34:36
  Speaker 2: I want to get to a thousand dollars so close? Yeah, yeah,
• 34:41
  Speaker 2: fifty more years to go on.
• 34:42
  Speaker 3: More years and ninety nine thousand dollars more.
• 34:46
  Speaker 2: But it's achievable. Every little bit, every little bit counts exactly.
• 34:50
  Speaker 2: What is this last year of investing taught you?
• 34:52
  Speaker 3: It's taught me that that it actually I can kind
• 34:58
  Speaker 3: of see the thing that this whole investing thing like
• 35:02
  Speaker 3: does generate something. And I can understand now why Victoria
• 35:09
  Speaker 3: says like, if you want to access your savings, don't
• 35:13
  Speaker 3: put it in like shares, because there is ups and
• 35:17
  Speaker 3: downs and that money I'm now not actually going to
• 35:20
  Speaker 3: touch like I think before I used to think like
• 35:22
  Speaker 3: I'm going to put in there in a year, I'm
• 35:24
  Speaker 3: gonna hopefully double it, dig it out, and then spend
• 35:28
  Speaker 3: it on Christmas or something. But now I'm like, Okay,
• 35:31
  Speaker 3: it's it takes some time, and I'm going to leave
• 35:35
  Speaker 3: it for a while.
• 35:36
  Speaker 2: I'm proud of you.
• 35:37
  Speaker 3: Thank you.
• 35:37
  Speaker 2: You can talk to twenty twenty four back before she invested,
• 35:40
  Speaker 2: what would you say?
• 35:41
  Speaker 3: What would I tell her?
• 35:42
  Speaker 2: Don't put your money on love? Said on love?
• 35:45
  Speaker 3: I would say, you are probably going to think this
• 35:50
  Speaker 3: is going to make you more financially literate, but your
• 35:54
  Speaker 3: life outside of investment, investing in shares is going to
• 35:57
  Speaker 3: be exactly the same. But you're going to have us
• 36:00
  Speaker 3: safety blanket and it's going to feel good and live, love,
• 36:04
  Speaker 3: laugh as you always do and as you always will.
• 36:07
  Speaker 2: Oh brings a tear to the eye. Do you see
• 36:13
  Speaker 2: you're investing changing at all in twenty twenty six?
• 36:15
  Speaker 3: Well, now I'm thinking I want to like condense it
• 36:18
  Speaker 3: down a little bit because it is. I could tell
• 36:20
  Speaker 3: you it's stressful, having thirty six different things I could
• 36:22
  Speaker 3: put my money in it. I can't see it and
• 36:26
  Speaker 3: it makes sense because I would be like why is why?
• 36:28
  Speaker 3: Like it would just sit in my wallet for a
• 36:29
  Speaker 3: long time and I'd be like, I don't know where
• 36:31
  Speaker 3: to put it. I'm like, why do I struggle so
• 36:32
  Speaker 3: much with this? Like this like analysis paralysis? But I'm like, Okay,
• 36:36
  Speaker 3: it makes sense. Now there's so many things there.
• 36:38
  Speaker 2: I see, like thousands of things in the world too.
• 36:41
  Speaker 3: All that's so true. You know, where do you start?
• 36:43
  Speaker 3: So I think I'm just gonna like, I'm going to
• 36:45
  Speaker 3: like narrow it down but also explore and so maybe
• 36:49
  Speaker 3: I'll end up with more things that I'm investing in.
• 36:52
  Speaker 3: But I think I just want to, like, I'm just
• 36:54
  Speaker 3: going to keep putting money in. I'm not going to
• 36:55
  Speaker 3: put too much focus on it because then I might
• 36:58
  Speaker 3: I might end up like put all my buney in
• 37:00
  Speaker 3: there and then be like, oh I actually need that
• 37:02
  Speaker 3: money and then figuring out how to withdraw and then
• 37:04
  Speaker 3: withdrawing all the time. Yeah, and then end up with nothing.
• 37:07
  Speaker 3: So it's going to be a slow and steady for me. Yeah,
• 37:10
  Speaker 3: I think so incredible.
• 37:12
  Speaker 2: And then before we go, I have one last question,
• 37:14
  Speaker 2: please fun one, and I feel like the answer might
• 37:16
  Speaker 2: be a little bit broke. What is the weirdest or
• 37:18
  Speaker 2: funniest thing that you have Googled when it comes to investing.
• 37:24
  Speaker 3: I think it's a lot of like it's a lot
• 37:26
  Speaker 3: of what is you know, and honestly, probably just like
• 37:30
  Speaker 3: really silly things like my Google history is really crazy,
• 37:36
  Speaker 3: like the I don't want to I don't want anyone
• 37:39
  Speaker 3: to see, you know, for example, like I googled how
• 37:42
  Speaker 3: and I think I mentioned on the show, like how
• 37:43
  Speaker 3: does a pull ball know that the ball is white?
• 37:47
  Speaker 3: Like things that I'm just like so curious about that
• 37:49
  Speaker 3: have nothing to do with like kind of adding value
• 37:52
  Speaker 3: to my life or adding value to my shares or
• 37:54
  Speaker 3: adding value to anything. Like I'm pretty sure I googled,
• 37:57
  Speaker 3: like how do you gubble your money in? You know,
• 38:01
  Speaker 3: things that are really silly, that are really unrealistic, that
• 38:03
  Speaker 3: are really like I just to make sure to make sure,
• 38:07
  Speaker 3: because I think that a lot of us just want
• 38:08
  Speaker 3: to put money in something and then have it double.
• 38:12
  Speaker 3: But I've done a lot of googling on I've gone
• 38:14
  Speaker 3: on Reddit, like what's about to blow up? You know,
• 38:17
  Speaker 3: what's the next biggest thing? And they haven't all come
• 38:20
  Speaker 3: back with.
• 38:20
  Speaker 2: Anyone can give advice on the internet. It's very ironic
• 38:23
  Speaker 2: coming from me in this current position. But here we
• 38:25
  Speaker 2: are exactly exactly.
• 38:27
  Speaker 3: But I know that's not true. You're in the perfect
• 38:29
  Speaker 3: position to be Okay, Well.
• 38:32
  Speaker 2: Thank you Bex for volunteering to share your investing journey
• 38:35
  Speaker 2: and what's see today. It's been very fun, it's been
• 38:37
  Speaker 2: very true to you, and I think that for a
• 38:39
  Speaker 2: lot of people, you know, it is sometimes you just
• 38:42
  Speaker 2: jumping in with two feet and a lot of hope
• 38:44
  Speaker 2: and maybe not that much idea what you're doing. And
• 38:46
  Speaker 2: that's okay because look at how much progress you've made
• 38:48
  Speaker 2: over the past year, like you've done so much, You've
• 38:51
  Speaker 2: come so far. I'm so proud of you.
• 38:52
  Speaker 3: Thank you so much, and I'm sure there are lots
• 38:55
  Speaker 3: of people.
• 38:55
  Speaker 2: Listening who are going to feel really empowered to know
• 38:58
  Speaker 2: that they can do it too because of you.
• 39:00
  Speaker 3: Oh my god, that's so sweet. Thank you, Jess. I
• 39:01
  Speaker 3: really like, I'm so grateful. I feel like i've I've
• 39:04
  Speaker 3: I've taken up a whole episode. I feel very grateful
• 39:06
  Speaker 3: for that. So but hopefully we can have a whole
• 39:08
  Speaker 3: Jess episode talking about all the same things. Pass your
• 39:11
  Speaker 3: new house, et cetera, et cetera.
• 39:13
  Speaker 2: Oh give me stick with me about a time I've
• 39:14
  Speaker 2: done telling about all that. Thank you everybody for tuning in,
• 39:17
  Speaker 2: don't forget to subscribe to you can never miss an episode.
• 39:20
  Speaker 2: And thank you so much to Sky Wealth as always
• 39:22
  Speaker 2: for making this episode possible and we will be back
• 39:24
  Speaker 2: without regular Money Diaries programming next.
• 39:26
  Speaker 3: Week by Guys By.
• 39:34
  Speaker 4: The advice shared on She's on the Money is general
• 39:37
  Speaker 4: in nature and does not consider your individual circumstances. She's
• 39:41
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• 39:44
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• 39:48
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