Latest / The Curve / Taylor Swift’s Engagement Just Moved Markets.

Transcript

Taylor Swift’s Engagement Just Moved Markets. · The Curve

0:00
We've got some exciting news.
0:02
Do we?
0:02
Yes.
0:03
Who has exciting news?
0:05
We.
0:06
We do?
0:07
The world does.
0:08
What is it?
0:08
Provost Kelsey and Taylor, tell us we've got a game.
0:10
Oh my god.
0:11
I honestly thought maybe it was going to be new news
0:13
that I didn't know.
0:14
There's the pain.
0:16
Blood.
0:17
Doing every fucking channel.
0:18
And it's been moving markets.
0:20
Is it?
0:20
Yeah.
0:21
I mean, look, I'm happy she's found love.
0:23
I really am.
0:24
You sound really sick.
0:25
I see.
0:27
No, no, it's just before this podcast,
0:28
where we were just having a last minute lol,
0:30
because I meant to be going to a singles party tonight.
0:33
And you meant to bring someone with you
0:34
that's also single for someone else.
0:36
Basically, you bring someone with you.
0:38
Who's single?
0:39
Nice, vetter's, like, so that they're a nice person.
0:41
Yeah.
0:42
But I had this in Sydney.
0:44
And it was great.
0:44
And I made friends and I'm still friends with the guys
0:46
that were there.
0:47
That's cool.
0:48
It was really, really fun.
0:49
Yeah.
0:50
The only problem here is it's like, no man, no entry.
0:52
And I can't find someone to come with me.
0:53
So I wish this podcast would live.
0:55
And I would actually ask people listening to like,
0:57
I'm this close to putting it on the curve of social media
1:00
to be like, is anyone single?
1:02
It's better than what you did, which was text.
1:05
My ex-boyfriend's friend.
1:06
Yeah, an ex-boyfriend's friend.
1:07
Well, he's on holiday with your ex-boyfriend.
1:09
Yeah, not my friend's friend.
1:10
Hi.
1:10
Well, it's game-to-me.
1:11
Can you fly that?
1:13
Anyway, the point here is I'm very happy for Taylor.
1:15
Yeah.
1:17
And I think what she's done is change the narrative around,
1:21
like, most of the stuff that I'm seeing
1:23
is the idea of, yep, girls, don't settle.
1:26
She's 35, she's just got engaged.
1:27
Yeah.
1:28
It's not panic.
1:28
And pretend we need to be engaged at 21 these days.
1:31
Like, 100%.
1:32
Yeah.
1:33
Imagine if she'd gotten engaged, like,
1:34
was that her style or, yeah,
1:36
all the loses she dated before?
1:39
I mean, I wouldn't mind getting engaged.
1:41
No, not at the audience either.
1:43
She's moving markets and a lot of companies
1:44
are capitalizing on this, as they were.
1:46
Like, she's the biggest artist of all time, essentially.
1:49
But like, Chris B. Kreme came out with like,
1:52
celebratory glazed donuts for the engagement.
1:54
And then Wengstop, which is like a chicken Weng place,
1:58
put this campaign on.
1:59
He put a wing on it.
2:01
Genius.
2:01
Absolutely the cleverest marketing I've ever heard.
2:04
Also, LVMH stock went up because Taylor Swift
2:09
was wearing Louis Vuitton sandals in the picture.
2:12
Honestly, and Ralph Lauren, she was wearing a Ralph Lauren dress.
2:15
Honestly, this is great research.
2:17
Victoria, diamond, diamond stocks.
2:21
There's two diamond dolers.
2:23
There's two prices have gone up because people are like,
2:26
there's so many fans out there that if Taylor Swift is engaged
2:29
and there is men or women on the sidelines
2:31
who are thinking of doing it,
2:33
they'll be varying from you.
2:33
And your partner's a Swiftie fan.
2:35
You'd be doing it now.
2:36
So, how much was her ring?
2:38
It was like a million or something.
2:40
It was so expensive.
2:42
Half a million dollars.
2:43
Yeah.
2:44
Seven to ten carrots.
2:45
We're assuming.
2:46
Do we think that's safe to be walking around?
2:48
I'm like, wouldn't someone cut your finger off?
2:50
That is the Ralph Lauren dress that she wore,
2:52
sold out in 20 minutes.
2:54
Imagine how stoked you'd be if you were like a small brand.
2:57
Yeah.
2:57
You know?
2:58
Like, because that would all be curated.
3:00
That's not him just proposing.
3:01
Like, God, no.
3:02
There was like enough flowers to feel like a football stadium.
3:05
It was like not chill.
3:07
And the photographers, anyway, their joint wealth
3:09
is expected is like,
3:10
kind of nearly two billion dollars.
3:12
But she has 94% of that.
3:15
Like, that's the kind of imbalance,
3:17
which, and I've seen some incredible memes.
3:20
Just everyone just feel like,
3:21
yeah, go girl, I'm like,
3:23
shit, yeah.
3:25
I saw some incredible memes.
3:26
And it's like, when Travis Kelsey opens the pre-knit,
3:28
and this guy pulls a drawer,
3:30
you know, there's like filing cabinets,
3:31
and he pulls the drawer.
3:32
And the drawer, like, just keeps going and going and going and going.
3:35
And it's like all the teas and sais of the pre-knit.
3:37
I've been like, I was like, yeah, fair enough.
3:39
Why are we also joking about this?
3:41
We're who?
3:41
There's a woman that earns more than a man
3:44
in a marriage dynamic now.
3:46
Like, this shouldn't be such a big deal.
3:49
But I mean, most of the stuff I saw that came out
3:51
was about the pre-knit.
3:53
And it was saying it's the most, like, airtight,
3:56
extravagant, long pre-knit that's like ever been created.
4:00
And they assigned it without even blinking.
4:02
Because of course you wouldn't.
4:04
The person that you love has spent their whole life
4:07
becoming the biggest, most successful pop star in the world.
4:10
You sign so she can protect her shit, right?
4:13
And also, I just feel like the whole,
4:17
the rhetoric around, like, she didn't settle.
4:19
She's got to 35.
4:20
Like, I mean, obviously, we don't know him, right?
4:23
Like, we don't also don't know her.
4:24
But everything you see online and the, again,
4:28
you can't really obviously judge from like Instagram and stuff.
4:30
But he seems like such a solid guy.
4:34
I feel like she's chosen someone that respects the fact
4:38
that she is the wealthier one in the relationship.
4:40
I remember he said in their podcast, like, she's an athlete.
4:43
Like, she goes on to, when she's on tour.
4:46
Like, she goes out onto the field and exerts so much energy.
4:50
And then when she comes off and it's like, it's all training.
4:53
It's all like, they just athletes in different fields.
4:55
And I was like, it's such a good way to put it.
4:56
But anyway, in this, the post, the Instagram post
5:00
was the most liked post on social media ever.
5:03
It's shot.
5:04
But like, a lot of 30 million likes or something.
5:06
Like, and this is honestly kind of weirdly
5:09
and quite embarrassingly given the goosebumps.
5:11
I'm like, this is so epic.
5:14
Go Taylor Swift.
5:15
Go Taylor.
5:16
I don't care if you don't like her music or you think she's lame.
5:19
This is epic.
5:20
Yeah.
5:20
She's doing a lot for women.
5:22
Women.
5:23
Yeah.
5:23
God yeah.
5:24
Yeah.
5:24
Women in business, for women in love, for like everything.
5:27
Yeah.
5:28
And the fact that she is like publicly talking about prenups.
5:32
And it just makes it so much less weird.
5:34
Yeah.
5:35
Oh, it's so epic.
5:37
Anyway, enough of Taylor.
5:39
If you're a single gay man out there and you want your love story,
5:42
yeah, then grinder.
5:44
That was the best transition you've ever done in your whole life.
5:46
Oh, my God.
5:47
Oh, yes.
5:48
Oh, I know.
5:50
So what's happening with Grindr?
5:54
We never always start interviews.
5:55
Invicts the first person there has to say the question.
5:57
She just skips around at this so long.
5:59
She'll be like, so, um, it's just so awkward.
6:02
You've just sat down and said, so tell me about your money story.
6:05
You know, I like it.
6:06
It's like, it's quite invasive.
6:08
Yeah.
6:08
Anyway.
6:10
Grindr is one of the only dating apps
6:13
that's actually doing well.
6:14
So, and we've spoken about this quite a while ago now,
6:16
but like, there's
6:19
hinge and tinder.
6:21
Well, did you just been single?
6:22
I mean, in a relationship so long,
6:23
you can't even remember what it's called.
6:27
Wait a robberdon.
6:32
So it's a hinge, hinge and tinder,
6:35
which are owned by a match group.
6:36
And there's a public company.
6:37
Bumble is not a public yet.
6:39
And they've done like, they've done nothing all year.
6:42
Like, absolutely flat.
6:43
And then before that, they were pretty dire.
6:44
Where Grindr is up 30% this year.
6:47
Wow.
6:47
Yeah.
6:48
Why is that?
6:48
And it's because the CEO is a leaning into AI a lot.
6:54
But also he's using the technology and the app
6:58
as more of like a distribution engine.
6:59
So like, he's now looking at further business opportunities.
7:03
For example, offering erectile dysfunction medication.
7:07
So I guess capitalizing on the community that they've built
7:12
and people in the app with certain like products and things
7:16
that can actually help that community.
7:18
So I was like, that's quite genius.
7:19
Yeah, that's clever.
7:20
Instead of pivoting, like Bumble was like,
7:22
make friends, you know, not just not just date,
7:24
but like meet people and make friends.
7:26
Whereas Grindr is like, how can we make it?
7:28
You need a condom?
7:29
Yeah.
7:30
Better dating life.
7:31
And so there's plenty more in the pipeline apparently.
7:34
So what would one shaman Bumble do?
7:36
I'm trying to think like,
7:38
what would the equivalent of that be for the female focused apps?
7:43
Yeah, like, I'm not really sure.
7:44
Would it be like restaurant vouchers and stuff?
7:46
Well, like my getting where to go on a date?
7:48
Or events, yeah.
7:50
Bumble, singles events, I reckon,
7:51
are starting to become a thing.
7:53
I don't think I'd go.
7:54
No, sorry.
7:56
Don't make me feel desperate.
7:57
No, I just don't think that if I was single,
7:59
I just, I think there's, it's like,
8:02
and it's kind of the same with dating apps, right?
8:04
With what's supposed to happen to you will happen.
8:08
What I'm trying to say?
8:09
The difference in sliding into your DMs at 3 in the morning
8:11
to like meeting at a party with all your friends.
8:14
Because they're like, hey, who are you?
8:16
But you know, I know, I get it.
8:18
I just feel like there's this,
8:19
it's like when you go to an event,
8:20
right, and it's purely a networking event,
8:22
and it's not based around anything,
8:24
everyone's got that little bit of like,
8:26
hi, how are you?
8:27
I'm so, you know, it's kind of the same
8:29
if it's a singles night.
8:29
Everyone's got that bit of like,
8:31
hi, you know, like what?
8:33
It's just, it's just a bit of the force,
8:34
I think, in the pressure.
8:36
I just don't like that.
8:37
I think it's, I think it's funny
8:38
if you don't take it too seriously.
8:40
I think if you turn up with like, you know,
8:42
a pamphlet with all your like, top strengths and skills
8:44
and you're like, into doing, you know,
8:47
husband material, hectic.
8:48
Is that not what a single's like?
8:49
Well, I've never been like,
8:51
oh, put up a mix of that.
8:53
I've got my notes.
8:54
Do you want to hear my introduction?
8:56
No, I think that it's, you know, with dating apps,
9:00
the main problem is that
9:02
because people are so disposable
9:04
because you have no personal connection to them.
9:06
That's where I think no one,
9:08
what's what I'm looking for.
9:10
That's where I speak.
9:10
Or like, there's no.
9:11
Well, kind of, because you're just like,
9:13
one of like, five billion that people can swipe through.
9:15
Whereas I think something like a singles night,
9:17
where there's someone else is bringing someone,
9:20
because they're a friend,
9:20
they know them, they're a nice person.
9:22
There's probably a higher chance of like,
9:24
whether you make friends or you go on a date with someone.
9:27
Yeah.
9:28
It's like, it's also less pressure, right?
9:30
Because you're there with heaps of people.
9:31
It's fun.
9:32
You might just have a funny night.
9:33
I guess it does kind of like,
9:35
everyone here is highly available.
9:37
You know, I also would rather
9:38
than go to a random coffee with some person.
9:40
I've never met it.
9:42
Like, the chances of actually
9:43
even having a good conversation,
9:44
regardless of being into someone so well.
9:46
Going to a party and being like,
9:47
he's hot and then he's like,
9:48
yeah, me and my girlfriend did that and you're like,
9:50
oh, okay, anyway,
9:51
NVIDIA, it is the world's AI darling.
9:55
It is the poster child of AI.
9:58
You know, you say AI, you think of NVIDIA.
10:00
Well, you should.
10:01
A lot of people do.
10:02
They probably think Che at GPT.
10:04
Yes, yeah, yeah.
10:05
Anyway, it's 8% of the S&P 500.
10:08
That is enormous.
10:09
So, Jesus.
10:11
Like, when it moves,
10:12
it kind of moves the whole index really.
10:14
And a lot of people are interested in it.
10:17
And it's just reported its financial result.
10:18
So there's a lot of eyes on those numbers.
10:22
And it's kind of hard to explain what it does
10:25
because I don't know, like I've tried a few times.
10:28
No, I've got it.
10:29
Here we go.
10:30
NVIDIA is kind of like the backbone of the equivalent would be
10:37
if any computer in the world needed a keypad,
10:41
that business would be, well, it's basically powering
10:44
an entire industry because to run AI,
10:47
you need these random chips.
10:49
Yep.
10:49
They make the chips.
10:51
So it's like, it's an integral part of AI.
10:54
Yeah, without it, it's like the brain.
10:56
It's like the brain of a computer.
10:57
It's like the little chips that make computers
11:00
essentially do all the things that we can do.
11:03
Anyway, and they can handle lots and lots of calculations at once.
11:05
So they've been used with all this Bermudae AI.
11:08
They're the chips that you want to be using,
11:10
all the brains that you want to be using.
11:12
Anyway, they came out, had a fantastic result.
11:15
They earned nearly $50 billion in three months.
11:18
Just to imagine.
11:19
Anyway, that grew by 50% that water on the previous year.
11:24
So it's growing at like,
11:26
nearly 60% actually.
11:27
So this is a huge company
11:29
growing at a huge rate,
11:30
like it's just so annoyed I sold it.
11:32
There's just questions, and more and more questions about
11:34
is the AI boom over.
11:36
And I'm just like, no,
11:37
that the fact that this huge company
11:39
is growing at the revenue in excess of 50%,
11:42
which they've done for the last nine quarters.
11:45
Yeah, it's absolutely ridiculous.
11:47
Yes, there will be a point that it will grow at 40%.
11:49
But like, that's still massive.
11:51
Do you know what I mean?
11:52
And because there is a lot of chat about like,
11:55
the idea of an AI bubble,
11:58
is it going to burst?
11:59
And that's probably a good thing to talk about too,
12:00
because there's like the combination of,
12:03
have I missed the boat?
12:04
Is the bubble about to pop?
12:06
You know, I reckon it's similar to how people talk about
12:08
anything, like whether it's the property market,
12:11
people are like, it's at the top.
12:12
It's like, no one even knows that.
12:14
I think there's a validity.
12:16
There's validity in the concerns,
12:19
because it feels like it's all anyone is talking about.
12:24
And when that happens, that does scare me.
12:27
But I think what also, I guess, makes me less fearful
12:31
is the amount that's being invested,
12:34
and therefore, like, still demanded by AI, if that makes sense.
12:38
Like, I think we've only scratched the surface
12:40
and what it can do.
12:41
I think with the difference with when we last had a bubble
12:44
that was similar, which people are kind of referring back to,
12:46
is like, when the internet was first created,
12:48
and people are like, anything with dotcom on the end,
12:52
or everyone was talking about dotcom,
12:53
and everyone thought the internet was going to change,
12:55
you know, the world completely.
12:56
And it did.
12:58
But these were businesses that were being created
13:00
with no revenue, just an idea,
13:03
and they were getting valued at like billions and millions of dollars.
13:05
Whereas, yeah, we have a credible business
13:08
that is growing, that has revenue,
13:10
that is, there's expected to be $4 trillion invested in AI
13:14
infrastructure, like data centers, etc.
13:17
Over the next five years.
13:18
Like, that in itself shows me that there is support
13:23
for the kind of share price returns we're seeing.
13:25
I reckon you've changed your tune on this a lot in the last year,
13:28
because when it was all happening and starting to like take off.
13:32
Yeah, you did actually.
13:33
You were kind of like, hmm, how far can I go?
13:35
Like, you were a bit skeptical.
13:37
Yes, I totally, I totally appreciate that.
13:39
But what I think with that,
13:43
it's just when stock prices do so well
13:45
in a short period of time, that's what scares me.
13:47
And that was what was happening with the video.
13:50
Whereas now, I've educated myself a lot more.
13:52
I've done a lot of reading.
13:53
I've seen like just how much investment is going on.
13:58
And talks to other experts.
14:00
You know, we've had like NAT from Google
14:02
in the club talking about AI,
14:04
like getting a perspective from someone
14:05
who is like deep in the weeds of it.
14:08
And everything I'm hearing is like,
14:11
yes, we might get something that's a bit of a breather
14:13
where the stock market pulls back a little bit.
14:15
Which I genuinely think will happen.
14:18
Oh my God.
14:19
But I just don't think that this is over over, if that makes sense.
14:23
Yes, sorry, I didn't interrupt you.
14:24
No, that's right.
14:24
I was just thinking, remember when at the start of the year,
14:27
we did our productions for what we think the stock market's going to do?
14:30
And you were like,
14:31
anything that's going to go not do very well.
14:34
And I was like, I reckon it's going to be booming.
14:36
Am I on track to win this production?
14:38
You're what's up 10%.
14:40
15%.
14:40
Guys, imagine.
14:42
Hey, there's still four months.
14:43
Bloody thought.
14:44
There's still four months.
14:47
Yeah, the S&P 500 is up 10%.
14:51
Oh, Sophie.
14:52
Oh my God.
14:53
I feel like Nvidia is like,
14:56
it's almost like the bulking guy trying to go to the gym
14:59
who's just having so much protein,
15:01
eating all the chicken and rice.
15:03
He's just getting stronger and stronger, you know?
15:05
Yeah.
15:05
Yeah.
15:06
And he's going to be, he's going to be Johnny Bravo
15:08
or like, you know, incredible Hulk by the end of the year.
15:11
If he's 8%, the stock market.
15:14
Maybe it's going to keep going up.
15:16
Maybe.
15:17
Yeah, I think there is a lot of concerns.
15:20
This is an AI boom.
15:21
And sorry, this is an AI bubble.
15:23
And it's getting in with bubbles, bubbles pop, bubbles burst.
15:26
And the stock market's going to fall.
15:28
What I think would be healthy.
15:29
And I don't know what's going to happen in the stock market in the short term.
15:32
But is that there might be, you know,
15:35
a small pullback like we saw in April of the stock market.
15:38
But I think if we're looking and investing for the long term,
15:41
so five years or more,
15:42
AI is going to be a massive part of it.
15:46
Yes, it might not be the new videos of the world that are leading it.
15:48
There might be other companies that, you know,
15:51
start their share prices, start going up and up and up and up
15:54
and actually actually start taking the lead.
15:56
But that's why ETFs are really great.
15:58
There's some AI ETFs, so then you benefit.
16:01
The whole transition.
16:03
Also, for anyone that's interested in AI or investing in the space,
16:06
we have some really great stuff that we've put in the Investing Club.
16:10
We did actually did like an open day to the club on AI
16:13
and we spoke.
16:14
It was actually so interesting.
16:15
Yeah.
16:16
I haven't really given you much feedback,
16:17
but it was super interesting.
16:18
So if anyone's interested, we'll put the link in the podcast show notes.
16:21
We also had a really funny slide in there of Sophie and I,
16:25
who AI, so for now, I think.
16:28
They look like they've had serious plastic surgery.
16:31
We just look a bit like we're not there.
16:33
Yeah, you know, we look a bit cartoon character.
16:35
Like I don't think I would look at those two and think,
16:38
I'm the listen to a podcast.
16:39
No, I feel like that will look boring as well.
16:42
Yeah.
16:43
So we've actually recorded that and we've put it into the Investing Club,
16:47
which, you know, we do have a seven day trial.
16:50
So you can jump in there and watch it if you want.
16:52
See our faces.
16:54
Now AI faces.
16:55
And our real faces.
16:56
Anyway, we hear a lot about like generational wealth
17:00
and the whole wealth transfer that's going on when boomers pass away
17:04
and then we, you know, all the wealth they've created over the years.
17:07
We passed down to the next generations.
17:08
But the generational wealth gap is actually widening.
17:11
So like the difference between the wealth that people have
17:13
with the 75 versus 35 is actually getting wider and wider
17:17
because a lot of those of the older generation
17:21
have got huge, huge pensions essentially
17:26
with not building them up as we are.
17:28
Like we're still building our pensions
17:29
and building up our retirement funds.
17:31
The older generation is already there.
17:34
They've already accumulated the wealth
17:36
and with the performance, the stock markets doing,
17:38
the property markets are doing.
17:39
Like the assets are just getting more and more and more.
17:42
God, I don't really understand this
17:44
because if I think about the generational wealth gap,
17:47
of course we're going to have way less than the boomers.
17:50
So what do you mean by it's getting wider?
17:51
The gap is getting wider.
17:53
It's like the rich getting richer, right?
17:55
If you've got the ability to invest in the stock market
17:58
and that goes up and up and up and up and up,
17:59
the gap gets wider than someone who doesn't have the ability
18:03
to invest in the stock market.
18:04
You know, so the more cash because your wealth compounds
18:08
and gets more and more and more so that gap gets wider and wider.
18:10
I mean, the idea of an older generation having more money
18:14
because they've had more time to invest
18:15
and they've got more assets and wealth breeds wealth.
18:18
I totally understand that.
18:19
Is it the idea that, say 10 years ago,
18:22
the difference between the older generation
18:24
and the younger generation didn't used to be so extreme?
18:27
And now it's getting even more so.
18:29
Even more and more extreme, more and more wide.
18:32
And also that plays into that as well as taxes
18:35
because if you have a higher proportion,
18:37
if any country has a higher proportion of older people,
18:40
they need more healthcare, they need more pension.
18:42
And therefore, where does that come from?
18:44
It comes from higher taxes of the younger generation.
18:48
So therefore, it's harder to even get wealth
18:50
if we're getting taxed more as a percentage.
18:52
So it's this, it's really tricky to find that balance
18:55
of creating wealth when you're younger
18:58
if you're in an economy or a country where they've got these baby pimps,
19:04
which is pretty much everywhere in the world right now.
19:07
When the world war ended, that's why they're called baby boomers
19:10
because there was a boom in babies.
19:12
So because they had babies straight after the war?
19:14
Yeah, and so there's a massive boom in babies.
19:16
It's kind of cute.
19:17
They probably came back from the war and they were like,
19:18
I love you, let's have a baby.
19:20
But now we're paying the price because there's so many of them.
19:24
We have to fund their health care bills.
19:26
We can list the COVID baby their thing.
19:28
I think so.
19:29
Yeah.
19:29
We'll be like the COVID babies.
19:30
The COVID boom.
19:32
COVID boom.
19:33
Yeah, COVID boomers.
19:34
COVID boomers.
19:35
Oh, there was a person.
19:36
There was a pep boom.
19:37
Yeah.
19:38
COVID pep boom.
19:39
Sorry, can you?
19:39
That's right, because I interrupted you when you were like
19:41
the problem with the baby boom is that we're all funding.
19:44
Can you explain that again?
19:45
Because I just cut you off.
19:46
So like when you've got an imbalance of
19:51
more older people in a society or in a country,
19:55
economy would even want to call it and less younger people.
19:58
It's the younger people that pay,
20:00
that the working young people that pay taxes
20:04
that help fund
20:06
pensions, health care.
20:08
So not only did they have more money,
20:09
but there's more of them.
20:11
So we're getting tax more,
20:13
which is, oh my god, that's quite like a penny drop moment.
20:16
Yeah.
20:17
And we're facing higher debts.
20:20
We've got higher mortgages.
20:21
We've got higher consumer debt.
20:23
So it's kind of widening the gap.
20:24
Because if we want to get on the property market now,
20:27
because the property price is so high,
20:28
we have to take on more mortgages.
20:29
Take us longer to pay those off.
20:32
We've got higher interest rates.
20:33
So isn't the whole then tax the wealthy?
20:35
Isn't that like a perfect example where like,
20:37
if they were taxed a bit more,
20:39
it would alleviate the pressure from people
20:41
who don't have much money,
20:42
who are the younger generation who are worse off?
20:45
Isn't that, isn't that?
20:46
Well, then the wealthy people are like,
20:48
well, no, that's, you know,
20:50
like that's the whole thing of politics, right?
20:52
It's like people vote for politicians
20:55
that again, I have a positive impact on them in their situation.
20:58
I do wonder though if it was explained
21:02
or understood in a different way.
21:03
Like, I know not everyone has kids,
21:05
but let's say like the wealthy.
21:07
That's also why it's so important.
21:08
We need to have the children.
21:09
If there was more people being born,
21:12
there's more people that support the older generation.
21:14
There's support we get older.
21:16
So if we stop having so many kids when we get older,
21:18
when there's a baby boom is part of it,
21:20
the fact that there's a higher proportion of older people,
21:22
but there's also much more kind of structural change
21:25
going on in the earth, which is that people
21:28
are having less children.
21:29
But therefore,
21:30
they're going to have to pay higher and higher and higher taxes.
21:33
And that wealth gap's just going to get bigger and bigger and bigger.
21:35
I think if you knew, like, let's say for the baby boomers,
21:39
they know how much of an advantage they've had financially.
21:43
They know generally that they have way, way, way more money
21:47
and by not taxing them more,
21:50
it's their own kids.
21:52
They're the ones that are suffering.
21:54
I feel like if you knew that and you understood it more,
21:57
surely you'd be like, yeah, do you know what?
21:59
Like, my 21-year-old daughter is battling.
22:02
She can't have taxes if I.
22:04
And she shouldn't have to support me when I have all this wealth.
22:08
There's probably an element of that going on
22:09
in the small portion of it, but a lot of people
22:13
just self-example what's best in themselves.
22:16
I don't know, right?
22:17
I think there's also this wealth transfer going on,
22:20
that's supposed to be coming,
22:21
but it's also not guaranteed that everyone's going to get.
22:24
But is that us waiting for the boomers to die?
22:27
Is that essentially what the transfer is?
22:29
Yeah.
22:29
The older generation die, they pass down their assets,
22:32
but they've compounded it over years and years and years.
22:35
But isn't that the way it always works?
22:36
Why all of a sudden is the reason that this is such a big deal
22:39
because the older generation, the wealth gap,
22:42
has never been so enormous,
22:43
so there's never been a chance for it to be so beneficial
22:46
for the next generation?
22:47
And also, it's because the stock market
22:49
and the property markets have done so well,
22:52
whereas before we had the Great Depression
22:54
and we had, you know, like they weren't accumulating wealth
22:58
and compounding those returns over such a long period of time.
23:02
So, boomers have it great.
23:05
Yeah, yeah.
23:06
I'd like to start to go fund me.
23:08
Yeah.
23:08
Good old trends.
23:09
Or maybe just tax them, you know.
23:12
I mean, I don't think all of them
23:13
should be paying heaps of tax.
23:14
I think it's just if you're really wealthy
23:17
and it's not going to touch the sides.
23:18
Could you please help us out?
23:20
We're absolutely struggling.
23:22
Hmm.
23:23
The Curve Investing Club is the world's first digital
23:27
investing club for women to build their wealth.
23:29
It's a place where industry experts like myself
23:32
and beginners can really, really join forces
23:34
to share knowledge, swap ideas,
23:36
and make money through investing.
23:38
So, if you're listening to this podcast,
23:40
you probably are aware that saving alone,
23:42
unfortunately, can't make your millionaire
23:45
but investing definitely could.
23:47
So, we wholeheartedly believe in the power of community
23:50
and that the best investment ideas come
23:52
when we collaborate and learn with each other.
23:55
So, bring your friends, your mum,
23:57
even strangers on the street if you want.
24:00
There really is strength in numbers
24:01
and we're so excited to create a community
24:05
that's just for you.
24:08
We've actually hit a really pivotal moment
24:11
in stock market history, I think.
24:14
There is now officially more ETFs
24:18
than stocks in the US.
24:20
Wow.
24:20
I know.
24:22
How many stocks in the US even are there?
24:24
There's about 4,300.
24:25
And so, sorry, for anyone that is beginner,
24:27
that means there's 4,300 publicly lusty companies
24:31
that you can buy shares in
24:32
if you're wanting to invest in the stock market.
24:33
And there is now about 4,301 ETFs available
24:38
to purchase as well.
24:39
Which are big bundles of stocks.
24:41
Yeah.
24:41
So, it's effectively...
24:42
That's so...
24:43
I was just coming along and being like,
24:44
I'm going to create a basket of these stocks
24:45
and these stocks and these stocks, yeah.
24:46
I know that the whole point ETFs were created
24:49
is to try and make investing easier
24:51
so that you can buy an index or an ETF
24:53
for a big bunch of companies
24:55
and feel like you can invest
24:56
without having to make all these decisions
24:58
on small stocks.
24:59
I get that.
25:00
But to have that many options of ETFs,
25:02
I reckon it's done the total opposite.
25:04
Because to me, I'm like,
25:05
if there is a thousand different versions
25:08
of the S&P 500 as an ETF,
25:10
I will get decision paralysis.
25:12
I'm not not know what one to go for.
25:14
But that's why ETFs have created, right?
25:15
It was to help reduce the overall.
25:18
I know.
25:18
And now it's just like,
25:20
it's one completely the other way.
25:21
Like, there is ETFs.
25:22
You can buy ETFs on anything,
25:23
like a country,
25:25
a industry,
25:27
a theme.
25:28
There's even anti-woke ETFs.
25:31
What does that even mean?
25:32
So, if you're woke...
25:33
I mean, I...
25:34
I'm confused really
25:35
with the definition of that.
25:36
So, anti-woke ETFs is essentially
25:39
it excludes any companies
25:41
in the S&P 500
25:42
that have diversity, inclusion,
25:44
anything.
25:44
So, it's like, yeah.
25:46
So, it's kind of the flip side.
25:47
So, it's kind of what Trump's been trying to do.
25:50
I wish we could see who invests in that stuff.
25:51
I know.
25:52
You would just see like,
25:53
balding Gary,
25:54
75-year-old Steven.
25:57
You know, like, you would.
25:58
It would just be, it would be all like...
26:01
It would be like,
26:02
investing in the 19-20s.
26:04
They're probably proud of it, too.
26:05
They're probably like,
26:06
ah, yeah.
26:07
Anyway, there is now more ETFs than stocks.
26:10
I actually met someone at a wedding
26:11
in the weekend who works
26:13
in sustainable investing.
26:14
Oh, yeah.
26:15
And so, he works for, say, BlackRock.
26:18
Yeah.
26:19
Yeah.
26:20
Largest fund manager in the world.
26:21
Yep.
26:22
Stunning, stunning, stunning.
26:24
And he was such an ETF creator.
26:26
Yeah.
26:26
Really?
26:26
Yeah.
26:27
I choose that's BlackRock.
26:28
Yeah.
26:29
God, I wish that I had known that at the time.
26:34
I mean, I knew it was a big deal,
26:36
but I didn't realize that big of a deal.
26:38
Anyway, you should...
26:39
Black investors were like,
26:40
hey, congrats.
26:41
I just heard there's now more ETFs in the world than stocks.
26:43
Great chat.
26:44
Great chat.
26:45
No, but he was saying he's basically
26:47
is the one that will go in and be like,
26:48
okay, these are the fund options.
26:49
These are the different options you have
26:51
to invest in sustainable.
26:52
Yes.
26:52
Like our options, whatever.
26:54
And he said, oh, but, you know,
26:56
we all know sustainable investing is like,
26:57
not doing very well.
26:58
And I was just like,
27:00
to add it to the heart.
27:01
You know, like how...
27:02
Shit.
27:03
Yeah.
27:04
I just think it'll just be...
27:05
I think it'll just be...
27:06
The temporary thing.
27:06
It's a temporary thing.
27:07
We all know what's going on with the planet.
27:09
And it's just when you've got someone in power
27:12
that then dictates regulation
27:14
and money flows and capital flows,
27:16
like a lot of companies
27:18
hands are forced into
27:21
falling in line for four years.
27:23
So let's just hope Trump doesn't get in for another four years.
27:26
And lastly,
27:27
Puma.
27:28
Puma.
27:29
Puma.
27:29
Puma.
27:30
Puma.
27:30
Is it Puma?
27:31
Puma.
27:32
Puma's very American sounding.
27:34
Puma.
27:34
It's quite fun to say Puma though.
27:36
Like it's almost like it feels like...
27:37
Like Puma.
27:38
Not sure because you're saying Puma.
27:39
Yeah.
27:41
Why am I such a child?
27:42
Puma.
27:43
Are you wearing Puma's?
27:45
Like, you're such a loser.
27:46
Anyway, sorry.
27:47
We're being so mean to each other in this episode.
27:49
Like, I don't know why.
27:51
We love each other, we love each other.
27:52
Anyway, the family behind Puma,
27:56
they own about a 30% stake.
27:58
They also...
27:59
Family run business, yeah.
28:00
They also own...
28:03
They have a large holding and curing,
28:04
which one's Gucci.
28:05
Oh yeah.
28:06
So anyway,
28:07
they are looking at possibly selling Puma.
28:10
So who are they selling to?
28:12
Either private equity or...
28:13
But they're just like,
28:14
it's done so terribly.
28:16
So maybe a good time to buy?
28:18
Well, the fact this news has come out.
28:20
It's already known.
28:21
Yeah.
28:22
Oh, this needs to be way more...
28:23
This is why companies keep it quiet if they're selling.
28:26
Because the buyer has to buy the shares
28:30
at a premium to what they currently listed at.
28:32
And it would be inside trading if it goes out
28:35
and then have to buy a premium on top of that.
28:36
Exactly. If the share price goes from $10 to $12,
28:39
and they were going to pay 12,
28:40
now they have to pay 14.
28:41
You know, so you want to keep it under wraps.
28:43
I think you wouldn't want to keep it under wraps.
28:45
Also, like, you could just fake leak.
28:48
Oh, I'm selling my business.
28:49
Anonymous tip.
28:51
Anonymous inside, it says...
28:53
Yeah.
28:53
Surely you want a bit of a spiny one.
28:55
It's particularly in the New Zealand stock market.
28:57
Stuff like this just cannot be kept under wraps.
28:59
Like, you know what I think?
29:01
New Zealand is a village.
29:02
It is...
29:02
Oh, my cousin's uncle was brother,
29:04
said that you're trying to sell the business.
29:05
Yeah, yeah, yeah.
29:06
You'll see them at your local cafe.
29:08
You'll see...
29:08
Oh, he's selling.
29:10
The CEO of ADS and CEO of Puma,
29:11
having a coffee and then just...
29:13
With the headlines and...
29:14
Yeah, yeah.
29:14
You can't get away with anything.
29:15
But it does get leaked,
29:16
and that's why companies do try to keep it quite quiet.
29:20
But it's just...
29:21
It's all due to competition and tariffs.
29:24
If you think of, like, new balance,
29:25
hocker,
29:26
like, there's so many shoe brands
29:28
that are doing really, really well.
29:29
The nice thing is the so much of everything.
29:32
Yeah.
29:32
I mean, like, there's so much of literally every industry.
29:36
But I also think there's ones...
29:37
There's usually the big...
29:40
Like, the 90s and 80s of the world
29:42
have continued to innovate very, very well.
29:44
They've stayed at the top
29:45
and they've continued to innovate.
29:46
I guess there's been smaller players
29:48
that are doing well as well.
29:50
But Puma's just kind of in this middle,
29:52
like, what are you?
29:53
Do you know what I mean?
29:54
It's kind of...
29:55
It's not big enough
29:56
to spend billions and billions of dollars on innovation.
29:59
But it's not small enough
30:01
to be, like, the quirky, cool,
30:03
up-and-coming new-entrant.
30:05
I don't know.
30:06
It feels like it's been around for a long time, though.
30:08
Yeah.
30:09
They've actually got a new CEO
30:12
in the Edge trying to turn things around.
30:14
But it's not working.
30:16
Or Puma.
30:16
Watch the space.
30:17
Yeah.
30:18
We have a curveball to finish the episode.
30:20
We do.
30:21
Okay, so curveballs.
30:22
This is essentially a new segment that we're doing
30:24
where we're asking, kind of, like,
30:26
any kind of question at the end of the episode.
30:28
And it can be, like,
30:29
funny. It can be short.
30:30
It can be long, whatever.
30:31
It can be about money, ideally.
30:33
But, you know, whatever.
30:34
So did some come through that were...
30:36
Well, this one, you know,
30:37
it wasn't really a curveball,
30:38
but we'll start with it because it's so funny.
30:40
Okay.
30:40
You know how you get, like, messages.
30:42
And I'm sure you do.
30:44
Like, from older men usually.
30:46
And they're like, hey, I'll pay you $5,000.
30:48
Oh, should we do that?
30:49
Yeah, should we do that energy?
30:50
And, you know, sometimes it's quite tempting.
30:51
Someone to be like, yeah.
30:52
$5,000 a month to, like...
30:55
Seem it to us.
30:56
Yeah.
30:56
For it.
30:56
Yeah.
30:57
And then they're like, well, you're being details
30:58
and you're like, scam.
30:59
But anyway, this girl sent us a screenshot of one
31:02
and Barry Jensen had reached out to her.
31:04
There's Barry Jensen.
31:05
The sugar daddy.
31:06
Okay, sorry.
31:07
Sorry, it's not like that.
31:07
I was not widely calling that.
31:08
It wasn't a famous fairy.
31:10
Barry has reached out to her.
31:11
And he goes, hi, beautiful.
31:13
If given $2,000 weekly, what would you do with it?
31:16
And she goes, I'd put it in the S&P 500, of course.
31:20
Quite good.
31:22
No response back.
31:23
Shit, that's good.
31:24
Quite good.
31:25
And she shared it with us.
31:26
And I was like, yes, we're in full trading
31:28
this sugar daddy world.
31:29
This is great.
31:30
Anyway.
31:30
So that's, that's not a great example.
31:32
No, that's not true.
31:35
This is quite a good one.
31:36
It says, what have you both
31:37
most recently invested in?
31:39
There's actually so many good ones.
31:41
I talk about that a lot in the club.
31:42
Yeah.
31:42
But I will give a little,
31:45
but I bought some more, um,
31:47
Novo Nordisk.
31:48
Did you?
31:49
Yeah.
31:49
Wait, is that a Zempirk?
31:51
Yeah, the GLP1 protein.
31:54
What's that, sorry?
31:55
That's the protein behind it.
31:57
Oh, yeah, yeah, yeah.
31:59
It's fallen so much.
32:01
Really?
32:02
It's actually been used now for addiction,
32:04
for like habits,
32:05
like nail biting,
32:06
like all of that,
32:07
the protein behind it.
32:08
And just the sheer price is just fallen so much.
32:12
Yeah.
32:12
And is that because I remember a few weeks
32:14
where we spoke about
32:15
there being other competitors
32:16
to a Zempirk that we're is?
32:18
And I mean, I was buying it.
32:21
Was it like May this year
32:22
when the sheer price was higher?
32:24
So I really should be buying it now as well.
32:26
The sheer price is back to where it was in 2021.
32:29
Like in the business has,
32:30
has produced billions and billions of billions
32:32
of revenue in profits since then.
32:34
So the business is way larger,
32:36
but you're getting it for the price
32:38
that it was back when it was way smaller,
32:39
essentially.
32:40
That's my little nibble.
32:41
I actually haven't invested in anything recently
32:44
because I have a house update.
32:47
Ooh, which we will put in our property podcast.
32:51
I basically pulled all my money out of
32:53
the stock market.
32:55
Yeah, so I'll give an update on that.
32:58
So we actually do have a couple of really good property
33:00
podcasts for you.
33:01
We've had so many issues from people
33:03
wanting to know how I bought my property.
33:05
And we did like a fall break down
33:07
the last couple of weeks there.
33:09
We can link them in this podcast.
33:11
So if you want to listen,
33:12
but yeah, I'll give an update on my property stuff soon
33:14
because there's some fun, exciting developments.
33:17
But I haven't been buying stocks in the last month or so.
33:20
Have you been building up your emergency fund?
33:22
Yeah.
33:24
I had actually, and I think I'm ready to stop.
33:26
Like I think I've got enough in there.
33:28
Yeah.
33:28
I don't need more.
33:30
I don't think.
33:30
I am absolutely exhausted.
33:33
Yeah.
33:33
I think we need to call it a day.
33:35
However, just the last very quick
33:36
curveball which we'll answer.
33:38
Ooh, like pineapple on pizza.
33:40
Ooh.
33:41
I hate it too.
33:42
It's warm pineapple gives me the hibiscus.
33:44
The hibiscus.
33:45
Yeah.
33:46
It's absolutely a no.
33:47
I do love pineapple.
33:48
Just not on pizza.
33:49
Yeah, and exactly.
33:50
I love anchovies on pizza.
33:51
Oh, and bananas.
33:52
Olives.
33:53
No, it's an eye for me.
33:54
Yeah, pizza.
33:55
Should we get a pizza for lunch?
33:56
Yes.
33:57
Oh my god, should we?
33:58
Actually, yes.
33:59
It's time for a team bonding experience.
34:00
IA.
34:01
Every day is team bonding.
34:02
Pizza day.
34:03
Okay, have a great good bit.
34:05
And a good week, everyone.
34:06
And we will see you next week.
34:21
If you didn't hate it, please don't leave one if you hate it.
34:24
No, but in all seriousness, could you please leave a review?
34:26
Because it really helps other people find our cute little podcast.
34:30
And we hope you have a good week.
34:31
And see you next Monday.
34:32
Bye.
34:33
Bye.
34:34
So yeah, see you next Tuesday.
34:36
Well, see you next Tuesday.
34:40
I mean, Monday.
34:41
No, actually though, new episodes out every Tuesday.
34:47
Okay, quickly, the curve was created
34:49
to empower and educate you about investing,
34:51
but we are not financial advisors.
34:53
Our platform exists for educational purposes only
34:56
and it doesn't provide personalized,
34:57
investing advice for your individual needs
34:59
and should not be relied upon to make
35:01
an investment or financial decision.
35:03
And always remember to do your own research
35:05
before making any investment or financial decision.
35:08
We're here for any knowledge and support you need,
35:10
but the final call is always yours.
35:12
And thanks for being here.
35:13
You got this.
35:14
Yeah, we know you got this.