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I Tried to Time the Market… But the Market Timed Me · She's On The Money

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  Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman
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  Speaker 1: and I'm here to acknowledge country. Te glennyan Ganya, Niana,
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  Speaker 1: kaka ya Ya Binahaka, nian ar gay In, Nimbini, yakarum
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  Speaker 1: jar doumayamiga Umaga Ihowaka, nile Waman damon Immalan Bumba bang
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  Speaker 1: gadaboma In and now in waka ghana on yakarum jar Watanadana. 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 Abiginal 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. She's on the Money.
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  Speaker 3: Hello and welcome to She's on the Money, the podcast
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  Speaker 3: that's here to show you that investing isn't just for
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  Speaker 3: the rich, my friends, it is for you too. I'm
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  Speaker 3: your host, Victoria, and today we are going to do
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  Speaker 3: something a little bit different. You are incredible, shees on
• 1:06
  Speaker 3: the Money community. You are always sliding into my DMS
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  Speaker 3: asking to get even pervier on money diaries, and today,
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  Speaker 3: my friend, I have one lined up for you. Instead
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  Speaker 3: of the usual money tea, we are going to dive
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  Speaker 3: into something even juicier. So welcome back to another one
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  Speaker 3: of our investing diaries that is brought to you by
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  Speaker 3: our friends at sky Wealth, where I'm going to get
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  Speaker 3: to talk to one of our incredible Shees on the
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  Speaker 3: Money community members all about her investing journey. Let's jump
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  Speaker 3: straight into it, because this week I got a message
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  Speaker 3: and it sounded exactly like this high Shees on the Money.
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  Speaker 3: I am super keen on investing and have been through
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  Speaker 3: the ring up with my investing strategy for the last
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  Speaker 3: four years. I've done the following. I've bought and held
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  Speaker 3: blue chip stocks. I've learned from other people's mindsets of
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  Speaker 3: greed and scarcity and started trying to time the market unsuccessfully.
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  Speaker 3: I've moved into buying and holding ETFs and bought the
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  Speaker 3: top five best performing Australian ETFs and then I realize
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  Speaker 3: that they all have the same companies in them. And
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  Speaker 3: then I also have a current strategy of consistently investing
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  Speaker 3: in the ASX two hundred and the Nasdak. There's lots
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  Speaker 3: of lessons that I've learned along the way. I've also
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  Speaker 3: just started contributing to the first Home Super Safer scheme.
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  Speaker 3: I would also love to chat about your investing masterclass,
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  Speaker 3: as I'm currently deciding whether to move from CMC, where
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  Speaker 3: I have no feast chares is based on all the
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  Speaker 3: info that I have available to me. Let's talk money. Diarist,
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  Speaker 3: are welcome or Investing Diarist, Welcome to the show.
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  Speaker 2: Thanks for having me. Very excited to be here.
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  Speaker 3: When I read your four dot points the way I cackled,
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  Speaker 3: the way I loved I promised, I was just like
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  Speaker 3: sitting there being like, oh, she's a girl's girl, Like
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  Speaker 3: you're just trying your best. And then you've bought ETFs
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  Speaker 3: and then realized they're all the same. How annoying is that?
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  Speaker 2: Yeah?
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  Speaker 4: I was like thinking, No, I read into them and
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  Speaker 4: I was like, oh, they all sound really good. Somewhere
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  Speaker 4: about tech something was like top one hundred US starts.
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  Speaker 2: I'm like, oh, so they're all different, how good.
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  Speaker 4: I actually listen to one of your podcasts that was
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  Speaker 4: about like making sure you're not paying fees. Are the
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  Speaker 4: same things? And I was like, oh, I need to
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  Speaker 4: look into that next minute. I've got four of the
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  Speaker 4: same one, so amazing.
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  Speaker 3: You know what, that's part of the journey, and you
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  Speaker 3: know what, you haven't tapped out. So I'm super proud
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  Speaker 3: of you. Thanks, let's get into it. But the first
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  Speaker 3: question I ask on money and investing diaries, I want
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  Speaker 3: to know if I asked you to give yourself a
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  Speaker 3: money grade from A through to F, what grade would
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  Speaker 3: you give yourself A B or B plus?
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  Speaker 5: Oh?
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  Speaker 4: Yeah, yeah, lots to learn still, but have definitely come
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  Speaker 4: a long way over the last five years.
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  Speaker 3: All right, So tell me a bit more about your
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  Speaker 3: money slash investing journey. Where did it start, what did
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  Speaker 3: it look like, and what does it look like now?
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  Speaker 4: Probably investing journey for that it's probably more exciting to
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  Speaker 4: talk about. Essentially, at twenty one, my parents gave me
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  Speaker 4: my siblings ten k to help start the investing journey.
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  Speaker 3: Oh, very cool, thanks Mom and Duck.
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  Speaker 4: Yeah, it was a nice twenty first present. Not money
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  Speaker 4: that I ever really have seen. Like, it's gone straight
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  Speaker 4: into the sheer market, which is exciting.
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  Speaker 3: So you have seen it, we know where it is,
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  Speaker 3: and she's growing, she's plodding along she's doing her work.
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  Speaker 4: Yes, absolutely, so, I guess that started the journey of investing,
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  Speaker 4: and I had didn't even know much about it prior
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  Speaker 4: to that.
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  Speaker 3: When your parents gave you ten grand obviously money, win,
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  Speaker 3: thank you. But is this because your parents are big
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  Speaker 3: investors themselves? Is it because they have done that for
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  Speaker 3: all of your siblings or is it because you know,
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  Speaker 3: you had shown an interest in being like really want
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  Speaker 3: to invest and they're like, we're going to get behind you.
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  Speaker 3: Like what did that look like?
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  Speaker 4: Yeah, it's something that they had planned to help me
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  Speaker 4: and my sisters do once we hit twenty one, So
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  Speaker 4: that was their sort of gift to help us, I
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  Speaker 4: guess try to get ahead at a younger age. And
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  Speaker 4: that sort of stemmed from mainly my dad learning about investing,
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  Speaker 4: probably at the age of like forty five or fifty,
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  Speaker 4: so he's still pretty new to the whole space. Cool
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  Speaker 4: from a farming family, so sometimes shares are a great
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  Speaker 4: way to still have cash available, But wasn't the biggest
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  Speaker 4: goal for my parents initially.
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  Speaker 2: They wanted to grow the property rather than I guess
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  Speaker 2: put it into the share market.
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  Speaker 3: Yeah, and that's so fair and farming's rough just because
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  Speaker 3: the income is so inconsistent and you can have a
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  Speaker 3: really good season and the next season might not be
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  Speaker 3: the same. So you do actually have to hoard a
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  Speaker 3: fair bit of cash because you might have to like
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  Speaker 3: literally carry over for a whole year, or even more
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  Speaker 3: if there's a drought. Like I don't know what your
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  Speaker 3: family farm's in, but it can be really chaotic.
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  Speaker 2: Yeah.
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  Speaker 4: Absolutely, So they sort of started in the investing world
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  Speaker 4: a bit later in life, but saw the benefit and
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  Speaker 4: thought let's get the daughters involved a lot earlier.
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  Speaker 3: So money Diarist, tell me a little bit more before
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  Speaker 3: we dive into the nitty gritty of investing. What do
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  Speaker 3: you currently do for work and how much money do
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  Speaker 3: you earn.
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  Speaker 2: I am currently in my first big girl job after UNI,
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  Speaker 2: So first big girl job.
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  Speaker 3: I love how we are genuinely smart women and we
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  Speaker 3: still call it like I've got my big girl job, Like,
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  Speaker 3: but we are genuinely smart human beings, but we all
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  Speaker 3: still just are girls.
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  Speaker 2: Yeah.
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  Speaker 4: Like, I'm really proud of myself to have landed that
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  Speaker 4: I work in financial services helping farmers.
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  Speaker 2: Very cool.
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  Speaker 4: Yeah, I'm from kanger Island actually, so from the bottom
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  Speaker 4: of South Australia, so a great network of farmers over here.
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  Speaker 4: I own one hundred k with super so that was
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  Speaker 4: a big goal of mine and really happy to tick.
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  Speaker 2: That off initially. Oh nice, and I just started a
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  Speaker 2: couple of months ago.
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  Speaker 3: She got her six figures.
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  Speaker 2: Yeah, congrats.
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  Speaker 3: That's so cool. And you didn't need me to tell
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  Speaker 3: you how farming works and how it can be cyclical.
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  Speaker 3: You already know that.
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  Speaker 2: Yeah, I love that.
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  Speaker 3: And so you help farmers with their finances and stuff.
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  Speaker 3: Does that you said you're in financial services? Is the
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  Speaker 3: plan to become an advisor or just stay in your
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  Speaker 3: role or like, what does.
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  Speaker 2: That look like?
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  Speaker 4: Yeah, I've just landed in this one. So it's a
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  Speaker 4: new role within the business that I'm working with. So
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  Speaker 4: I would love to do a really good job in
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  Speaker 4: this role first, and that has been a big goal initially,
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  Speaker 4: and it's just sort of ticked it off, so I
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  Speaker 4: haven't fully looked at what's next.
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  Speaker 3: That's cool. I love that and there are so many options.
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  Speaker 3: So talk me through how you invest I feel like
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  Speaker 3: you've landed and just been like, yeah, give me a
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  Speaker 3: bit of everything, show me what that looks like. I'm
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  Speaker 3: going to invest in blue chip. Actually no, I'm not
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  Speaker 3: I'm going to invest in ETFs. Actually, I'm going to
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  Speaker 3: invest in all the ETFs. Wait, that's probably not a
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  Speaker 3: great idea. So tell me a little bit about how
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  Speaker 3: you personally invest and how that journey has gone. How's
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  Speaker 3: it felt.
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  Speaker 4: Yeah, okay, and it was a good way to describe it.
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  Speaker 4: But still they're doing it, and I still have enjoyed
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  Speaker 4: the process of learning. But yeah, initially got ten k
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  Speaker 4: from my parents and they encouraged me to buy blue
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  Speaker 4: chip stocks and just individual shares and ours and zed
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  Speaker 4: Westpact the Woodside BHP sort of scenario.
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  Speaker 3: Yeah, that's very boomer I like it.
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  Speaker 2: Yeah, it was on brand for them. I didn't really
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  Speaker 2: know what I was doing, just like, yeah.
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  Speaker 3: Yeah, I mean, at least they're predictable. We love to
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  Speaker 3: see it.
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  Speaker 4: Yeah, And after that initial investment, I was dolo coost
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  Speaker 4: averaging with my paycheck at the.
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  Speaker 2: Time, so that was a win.
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  Speaker 4: We didn't know that that was a good strategy at
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  Speaker 4: the time because I went away from it later.
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  Speaker 3: You were like, I actually only have this cash, so
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  Speaker 3: I've just invested when I.
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  Speaker 2: Get it pretty much.
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  Speaker 4: But I actually did really well for the first couple
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  Speaker 4: of years, and I think it was probably the timing
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  Speaker 4: of the market. It was doing really well in like
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  Speaker 4: was it twenty two, twenty twenty three in those sort
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  Speaker 4: of shares.
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  Speaker 3: Yeah, Like if I could invest in BDHG today, I would.
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  Speaker 4: So I averaged seven point two five percent for those years,
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  Speaker 4: which was great, fair enough.
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  Speaker 2: Yeah, I'll take that.
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  Speaker 4: And then I went back into my final year of
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  Speaker 4: UNI and had an economics lecturer sort of explained to me,
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  Speaker 4: you know, fear and greed and how that impacts the
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  Speaker 4: market and when people, you know, if it hits the
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  Speaker 4: top of the market often want to hold onto their
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  Speaker 4: cash and hold.
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  Speaker 2: On to their investments, but it might actually be a
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  Speaker 2: good time to sell.
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  Speaker 4: And the opposite, when it's market might be crashing and
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  Speaker 4: everyone wants to jump out, it actually might be a
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  Speaker 4: good time to buy.
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  Speaker 2: Yeah.
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  Speaker 4: Absolutely, I thought I was all smart and started to
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  Speaker 4: try to time the market.
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  Speaker 2: Within these blue chin And how did that go? Yeah?
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  Speaker 4: I think I got one point five to say return
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  Speaker 4: for that year, So I probably learned my lesson pretty cood,
• 9:26
  Speaker 4: you know what.
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  Speaker 3: That's better than a kick in the pants. Yeah, I mean,
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  Speaker 3: she's not keeping up with inflation, but at least she's
• 9:31
  Speaker 3: not going absolutely backwards.
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  Speaker 4: Yeah, and I think the best part was like knowing
• 9:36
  Speaker 4: when to stop that strategy as well, like not sitting
• 9:39
  Speaker 4: there for so long that I just committed to it.
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  Speaker 4: I was like, oh no, this is not working. Let's
• 9:43
  Speaker 4: do something different.
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  Speaker 3: Yeah, And I'm actually really glad that if that's the
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  Speaker 3: type of personality you've got to be like, oh no,
• 9:48
  Speaker 3: I could definitely give this a crack, which I've done
• 9:51
  Speaker 3: it too. Like what we want to do with that
• 9:54
  Speaker 3: is do it early and get it out of our
• 9:56
  Speaker 3: system so that then we go, actually, this is a
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  Speaker 3: terrible idea movie forward. I'm just going to go into
• 10:01
  Speaker 3: what suits me a little bit better, because we all
• 10:04
  Speaker 3: I want to time the market too, Queen. Turns out
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  Speaker 3: I can't know, but I prefer to be humbled early,
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  Speaker 3: you know, when I'm playing with less money.
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  Speaker 4: Yeah. Absolutely, I was happy to learn my lesson early on.
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  Speaker 4: And I can say I've gone away from that strategy,
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  Speaker 4: so that's good.
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  Speaker 2: Yes, good.
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  Speaker 4: And then twenty twenty five, I actually I think I
• 10:25
  Speaker 4: signed up to your ses on the Money email distribution
• 10:28
  Speaker 4: list and you guys sent out the top ten the ETFs.
• 10:31
  Speaker 3: Great idea, great idea, that's the best idea. They're that
• 10:35
  Speaker 3: I would absolutely recommend people join my news letter. I yap,
• 10:39
  Speaker 3: but I also give you good information about investing.
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  Speaker 2: Yeah.
• 10:42
  Speaker 4: So oh, I've already had a bit of interest in
• 10:44
  Speaker 4: ETFs through the podcast as well, like that's probably where
• 10:46
  Speaker 4: I do most of my learning. But yeah, this email
• 10:50
  Speaker 4: come out and I was like, top ten ETFs. Oh loved,
• 10:52
  Speaker 4: be awesome. I'll just pick a few from there.
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  Speaker 3: And I go, no, you didn't listen at all.
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  Speaker 4: Well I did and I didn't. So I picked four
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  Speaker 4: out of that and that was ENDYQB. I think it's
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  Speaker 4: the I one hundred, IVV and QOAL And do you
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  Speaker 4: know what they all have in common?
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  Speaker 3: They're all top ten holdings.
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  Speaker 2: Yeah, US stocks, US businesses. So yeah, nice.
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  Speaker 3: So the once risk profile, Yeah, that's just a learning
• 11:23
  Speaker 3: and I feel like we've got to go through that.
• 11:25
  Speaker 3: And I mean it's not the end of the world. Yes,
• 11:27
  Speaker 3: you've probably wasted some money in fees, but that market
• 11:30
  Speaker 3: has done pretty well over the last little bit, so
• 11:32
  Speaker 3: you're probably not behind. You're probably just paying a little
• 11:35
  Speaker 3: bit more in fees and brokerage because you've like spread
• 11:38
  Speaker 3: it out across different options, right, Yeah.
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  Speaker 4: And I feel like it got to a plant and
• 11:42
  Speaker 4: I was like, oh, I'm all over this, like this
• 11:44
  Speaker 4: is a great strategy, feeling really comfort and comfortable. And
• 11:48
  Speaker 4: I was like, oh, I listened to one of your
• 11:50
  Speaker 4: podcasts and it was like, you know, check what you
• 11:52
  Speaker 4: actually invested in, Like, and I hadn't really been checking
• 11:55
  Speaker 4: the top ten businesses within the ETF at all, wasn't
• 11:59
  Speaker 4: really doing and then went and did it and I
• 12:01
  Speaker 4: was like, oh oh, there was like ticks everywhere for
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  Speaker 4: all of these four they.
• 12:07
  Speaker 2: Okay, just one will.
• 12:08
  Speaker 3: Do totally, and like I totally get that. But at
• 12:11
  Speaker 3: the same time, I'm like, you know what, I'm just
• 12:13
  Speaker 3: glad you're in the market, and I'm glad that we're
• 12:15
  Speaker 3: you know, working towards financial freedom and you're excited about it.
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  Speaker 3: We can adjust the strategy.
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  Speaker 2: Yeah, absolutely, the strategy has been a continuous just totally.
• 12:25
  Speaker 3: So tell me a little bit more about these direct shares,
• 12:28
  Speaker 3: because you said, hey, I started with direct shares, you know,
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  Speaker 3: really blue chip My parents guided me.
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  Speaker 2: Here.
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  Speaker 3: What happened to those shares? Like, do you still hold them?
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  Speaker 1: No?
• 12:37
  Speaker 2: I did sell them all off.
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  Speaker 4: I think started Sorry twenty five is when I went
• 12:42
  Speaker 4: into these ETFs instead, and like it was a really
• 12:47
  Speaker 4: mixed bag of results like A and.
• 12:49
  Speaker 2: Z was up thirteen percent.
• 12:51
  Speaker 4: The other good performers was BHP twenty two percent, Westpac
• 12:56
  Speaker 4: five So that might sound good, but then tells her
• 12:59
  Speaker 4: down fifteen percent, would sat down eight percent, So it's
• 13:04
  Speaker 4: like all averaged out, really yeah.
• 13:06
  Speaker 3: And it all comes out in the wash. Like That's
• 13:08
  Speaker 3: what I want people to really understand is that when
• 13:11
  Speaker 3: we are investing, you might go, oh, bitchp that was
• 13:14
  Speaker 3: a sick result, but that's going to come out in
• 13:16
  Speaker 3: the wash if something else isn't performing. And that's actually
• 13:19
  Speaker 3: why we have a diversified portfolio to make sure that
• 13:23
  Speaker 3: if something's up significantly and something's down, we actually get
• 13:26
  Speaker 3: the average of the market, which is why a lot
• 13:29
  Speaker 3: of our community prefer to invest in things like ETFs,
• 13:32
  Speaker 3: because you get a really nice basket that exists in
• 13:35
  Speaker 3: the market already, so that if something's up and something's down,
• 13:38
  Speaker 3: you just go, this is much easier to manage my
• 13:41
  Speaker 3: return consistently.
• 13:42
  Speaker 2: Yep. Absolutely did that feel yucky.
• 13:45
  Speaker 3: Trying to sell them all down, especially if things were
• 13:48
  Speaker 3: down and up and or were you're just excited to
• 13:50
  Speaker 3: clear it all out.
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  Speaker 4: Oh, it's probably a mixed bag, like feeling like I
• 13:55
  Speaker 4: didn't quite nail it, which I'm someone who likes to
• 13:58
  Speaker 4: do things well if I'm doing them, a bit of that,
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  Speaker 4: but then a few of them were like you know,
• 14:03
  Speaker 4: AMZERB and the HP were really good. Yeah, it was
• 14:06
  Speaker 4: sort of like a mixed bag of emotions, but probably
• 14:08
  Speaker 4: excited to go and try a different strategy.
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  Speaker 2: Yeah. Fair.
• 14:13
  Speaker 3: And so tell me about your ETFs now, when you
• 14:16
  Speaker 3: started picking them, did you have a specific strategy in
• 14:20
  Speaker 3: mind or did you just go I just want some
• 14:23
  Speaker 3: ETFs or are you like, oh, because I think a
• 14:25
  Speaker 3: few times we've mentioned international, like you've mentioned the US market.
• 14:29
  Speaker 3: Did you really want exposure to the US and that's
• 14:32
  Speaker 3: why you picked those? Or like, what were your thought patterns?
• 14:35
  Speaker 4: Yeap, My main thought patterns was initially ecfs because they
• 14:39
  Speaker 4: are already diversified, like we've discussed, and then pretty much
• 14:43
  Speaker 4: to go after return. So I've got two ETFs. I've
• 14:47
  Speaker 4: got about fifteen K in each, and the A two
• 14:51
  Speaker 4: hundred is one of them, which is averaging if ivey
• 14:54
  Speaker 4: average of ten point one percent return, which I feel
• 14:57
  Speaker 4: like for me, that's a safer each on my behalf.
• 15:01
  Speaker 4: I can just feel comfortable with all those companies. It's
• 15:03
  Speaker 4: the top Australian companies pretty much.
• 15:06
  Speaker 2: So I felt really comfortable with that.
• 15:08
  Speaker 4: And I did keep one of those US ETFs, which
• 15:13
  Speaker 4: was NDQ, and I picked it based on it just
• 15:16
  Speaker 4: having a high five year average return of eighteen percent
• 15:20
  Speaker 4: compared to the others.
• 15:22
  Speaker 2: So that is my two ETFs.
• 15:24
  Speaker 3: Very cool. And what share or ETF? We said before,
• 15:28
  Speaker 3: you know, he had some that did really well? What
• 15:30
  Speaker 3: share or ETF have you seen the biggest return on?
• 15:33
  Speaker 4: Yeah, if I just look back, it was BHP. But
• 15:37
  Speaker 4: I think definitely around the timing of that because my
• 15:41
  Speaker 4: current investments, I think I'm at the moment down like
• 15:46
  Speaker 4: eighteen hundreds down, I think three percent, And then I
• 15:49
  Speaker 4: just did my caps on the weekend and NDQ is
• 15:51
  Speaker 4: currently what negative one percent?
• 15:53
  Speaker 2: And that's just obviously the market situation as of today.
• 15:57
  Speaker 2: There's a bit going on.
• 15:59
  Speaker 4: Yeah, obviously I've only recently invested really in those, so
• 16:04
  Speaker 4: that's all part of it.
• 16:05
  Speaker 2: Yeah.
• 16:05
  Speaker 3: I was about to say, so tell me a little
• 16:07
  Speaker 3: bit about the dates of that, because I feel like, yes,
• 16:10
  Speaker 3: the market is down right now, but I don't know,
• 16:13
  Speaker 3: are you seeing that as an opportunity or is that
• 16:15
  Speaker 3: stressing you out?
• 16:16
  Speaker 4: I wish I had cash available to see it as
• 16:18
  Speaker 4: an opportunity, but I don't really have spare cash. I've
• 16:22
  Speaker 4: just been Dolo coast averaging at the moment every page
• 16:25
  Speaker 4: yet Okay, that makes sense. Yeah, but I guess I
• 16:29
  Speaker 4: probably has to have the perception that, like, well, what
• 16:33
  Speaker 4: if I just saved that cash and waited for an opportunity,
• 16:36
  Speaker 4: like now, like is that better off than dolok savaging?
• 16:39
  Speaker 3: Like that definitely plays on my mind a little bit,
• 16:41
  Speaker 3: But that would be going back to your strategy of
• 16:43
  Speaker 3: timing the market, right, and how did that work out
• 16:46
  Speaker 3: for us?
• 16:46
  Speaker 2: Yeah, I really need to learn. I've learned, but it's yeah,
• 16:52
  Speaker 2: it lives red free. Yeah.
• 16:53
  Speaker 3: Look, I don't learn either, And I say that because
• 16:57
  Speaker 3: I don't want to pretend to be someone I'm not.
• 16:59
  Speaker 3: But like I see market going down, and I'm like, oh,
• 17:01
  Speaker 3: an opportunity, maybe I should invest a little bit more.
• 17:05
  Speaker 3: But the reality is, like Victoria, just keep dollar cost
• 17:08
  Speaker 3: averaging into the market and we can definitely like make
• 17:12
  Speaker 3: the most of this and of the rest of it,
• 17:14
  Speaker 3: because like we don't know if it's gonna go further down,
• 17:16
  Speaker 3: Like if we put one hundred bucks in today, is
• 17:19
  Speaker 3: it gonna be worth ten tomorrow, we don't know. Is
• 17:21
  Speaker 3: it gonna be worth two hundred tomorrow? Also don't know.
• 17:24
  Speaker 3: So I think it's just really important to not get
• 17:26
  Speaker 3: caught up in it. In saying that, I also need
• 17:30
  Speaker 3: to admit that when the market has gone down, and
• 17:33
  Speaker 3: I know, like I use Charezi's as you mentioned before,
• 17:36
  Speaker 3: I have some cash sitting in my Chase's account because
• 17:39
  Speaker 3: every single month I just have my automatic like payment
• 17:42
  Speaker 3: that goes into the ETFs that I've picked, right, but
• 17:45
  Speaker 3: I have some extra cash sitting there that's kind of
• 17:47
  Speaker 3: like built up, and I keep being like, do I
• 17:49
  Speaker 3: invest it? So yesterday I definitely invested a little bit
• 17:52
  Speaker 3: more because I was like, Oh, I mean, it's down
• 17:54
  Speaker 3: from the average, and what's the worst thing over the
• 17:56
  Speaker 3: long term if it even goes down, More like, it
• 17:59
  Speaker 3: doesn't really matter. At least I'm getting it into the market.
• 18:02
  Speaker 3: And I think we've all got to put our big
• 18:04
  Speaker 3: girl pants on when it comes to that, because we
• 18:06
  Speaker 3: can't time the market, but we can try to seize
• 18:08
  Speaker 3: an opportunity and then if that opportunity doesn't feel like
• 18:11
  Speaker 3: it's been seized within that year, at least it's in
• 18:14
  Speaker 3: the market, you know, for the long haul. So I'm
• 18:16
  Speaker 3: actually going to be better off. It just wasn't as
• 18:19
  Speaker 3: cool as it could have been, you know. Yeah, absolutely,
• 18:22
  Speaker 3: So tell me about your dividends. With the dividends that
• 18:25
  Speaker 3: get paid out, what's the plan. Are you reinvesting them?
• 18:29
  Speaker 3: Are you pulling them out as income? Do they just
• 18:31
  Speaker 3: go into your bank account? You haven't done anything with
• 18:33
  Speaker 3: them yet? What does that look like?
• 18:35
  Speaker 4: Yeah, I just have them to auto reinvest into the
• 18:38
  Speaker 4: platform at the moment, and then I just choose where
• 18:41
  Speaker 4: I'd like to put it from there. But I haven't
• 18:44
  Speaker 4: really gone like eight two hundred does pay dividends. I
• 18:46
  Speaker 4: haven't really picked them based off dividend yield, Like I
• 18:49
  Speaker 4: don't think NDQ actually has a very good yield on
• 18:52
  Speaker 4: that something that's a big deal for me personally because
• 18:56
  Speaker 4: I'm not looking to see that cash at all anywhere.
• 18:58
  Speaker 2: Yeah.
• 18:59
  Speaker 3: So are you going for more of a growth strategy
• 19:01
  Speaker 3: over the long term then?
• 19:02
  Speaker 2: Yeah, Yeah, definitely.
• 19:03
  Speaker 4: That's why I ENDQUE is in the mix because it's
• 19:06
  Speaker 4: probably higher risk guid.
• 19:11
  Speaker 2: Hear your thoughts, so that all.
• 19:13
  Speaker 3: Right, let's get to my thoughts. We'll go to a
• 19:15
  Speaker 3: really quick break though, and then we can get to
• 19:17
  Speaker 3: my thoughts and a few of the spicier things after that.
• 19:20
  Speaker 3: I want to know if you've made any tactical moves,
• 19:22
  Speaker 3: how you actually feel after market dips, and something that
• 19:25
  Speaker 3: I get questions about all the time that you also raised,
• 19:29
  Speaker 3: what platform do we pick and how do we stick
• 19:31
  Speaker 3: to it? So don't go anywhere, guys. All right, we
• 19:37
  Speaker 3: are back, and I want to dive into platform conversations
• 19:41
  Speaker 3: because in your diary in you were like v with
• 19:44
  Speaker 3: CMC markets, get some free trades money in, but I
• 19:48
  Speaker 3: kind of like, what shares these looks like? The INSIGHT's
• 19:51
  Speaker 3: pretty sexy. Tell me about your decision making process around
• 19:55
  Speaker 3: platform and why you might want to move.
• 19:57
  Speaker 2: It has been a massive deal.
• 20:00
  Speaker 4: I'm still probably coming to terms with getting to the
• 20:03
  Speaker 4: end of that decision, and I'm still currently in between
• 20:05
  Speaker 4: the two. All of my current dollar cost averaging is
• 20:08
  Speaker 4: within chaersays at the moment, but I've still got pretty.
• 20:11
  Speaker 2: Much my body. You see you're worredy there. Yeah, I'm
• 20:13
  Speaker 2: halfway there. I'm just in the middle of transitioning over.
• 20:17
  Speaker 4: I spent like three years in CMC, though not knowing
• 20:20
  Speaker 4: that if you went under a thousand dollars for your trade,
• 20:25
  Speaker 4: you get free brokerage. I was just doing like fourteen
• 20:28
  Speaker 4: hundred eleven hundred dollars and like getting the ten.
• 20:33
  Speaker 2: So I learned my lesson there.
• 20:34
  Speaker 3: Oh that's so annoying.
• 20:36
  Speaker 2: But's the biggest reason to move across is that I
• 20:39
  Speaker 2: just find it.
• 20:40
  Speaker 4: Really hard initially to know how much, Like there's no
• 20:43
  Speaker 4: tracking on how much I've put in, and I did
• 20:45
  Speaker 4: some digging to try to find that, and it's just
• 20:48
  Speaker 4: absolutely painful to work that out. Yeah, in terms of
• 20:52
  Speaker 4: like on the what they have available to find that,
• 20:55
  Speaker 4: and then you also I don't know, I'm trying. I
• 20:57
  Speaker 4: would love to know how to like get your year
• 21:00
  Speaker 4: year performance. Yeah, like nothing, No one seems to be
• 21:02
  Speaker 4: able to have that available.
• 21:04
  Speaker 3: Yeah, So in Chaza's you absolutely can have your year
• 21:06
  Speaker 3: on year performance, but you have to have been on
• 21:09
  Speaker 3: the platform for more than a year to do that.
• 21:12
  Speaker 3: Does that make sense? So, like, I think you've only
• 21:13
  Speaker 3: just moved to Chazy's, so it probably isn't a stat
• 21:16
  Speaker 3: that when you click on it it will come up,
• 21:18
  Speaker 3: is that right?
• 21:18
  Speaker 2: Yeah, that would make sense.
• 21:19
  Speaker 3: But on CMC markets, I genuinely can't tell you. But
• 21:23
  Speaker 3: what I can tell you about that platform is it's
• 21:25
  Speaker 3: not a bad platform. There's like actually, in Australia, we
• 21:28
  Speaker 3: are very lucky because there is such a level of
• 21:32
  Speaker 3: like compliance that people need to meet to be able
• 21:35
  Speaker 3: to offer a platform in our country, right, so you
• 21:38
  Speaker 3: know it's going to hold up. But it's more about
• 21:41
  Speaker 3: the data and the insights that you're looking for, and
• 21:43
  Speaker 3: they are a little bit more lean. That doesn't mean
• 21:45
  Speaker 3: I don't recommend them. I have a CMC Market's account
• 21:48
  Speaker 3: because we all know that. Like, I mean, guys, some
• 21:51
  Speaker 3: cheese on the money. I got every platform my tax
• 21:54
  Speaker 3: return and my accountant hate me, like they're always like
• 21:57
  Speaker 3: how many platforms have you got? And what's invested on this?
• 22:00
  Speaker 3: And like every platform, Like if my community is talking
• 22:03
  Speaker 3: about a platform, go, I'm going to go get it.
• 22:05
  Speaker 3: Like not because I want to invest my life savings
• 22:08
  Speaker 3: on there, but I want to make sure that I'm
• 22:10
  Speaker 3: checking it out. If there's any big red flags, I
• 22:13
  Speaker 3: know what it is, So I'll chuck a hundred bucks in.
• 22:15
  Speaker 3: I'll buy you know, a VDHG share on there and
• 22:18
  Speaker 3: just see how it tracks and what type of performance
• 22:20
  Speaker 3: and insights I get. But the cheaper your platform, the
• 22:24
  Speaker 3: less spells and whistles you get. Now, that's not to
• 22:26
  Speaker 3: say that cheap platforms are bad, but you are clearly
• 22:30
  Speaker 3: looking for a bit more data and a bit more
• 22:32
  Speaker 3: insight in maybe more of a user friendly way. And
• 22:35
  Speaker 3: that's where personally, I really enjoy what I can get
• 22:38
  Speaker 3: out of CHASS. I like that I can click through
• 22:40
  Speaker 3: my portfolio and see what I've put in over time.
• 22:42
  Speaker 3: I like that I can see how much money I've
• 22:44
  Speaker 3: put in versus how much money I totally have, and
• 22:46
  Speaker 3: then like do little charts and stuff. I would say
• 22:49
  Speaker 3: that the chasas app, and I feel like a walking salesperson,
• 22:53
  Speaker 3: so please like, that's not the intention right now, but
• 22:57
  Speaker 3: I feel like the app is really fantastic. When you
• 23:00
  Speaker 3: log into the desktop, it's even better. And I know
• 23:03
  Speaker 3: that they really want to promote the app, like that's
• 23:05
  Speaker 3: the coolest thing, right, But being able to access things
• 23:07
  Speaker 3: on my computer, maybe I just feel like a gamer.
• 23:10
  Speaker 3: I don't know. When the chart's bigger, it means better.
• 23:13
  Speaker 2: Right, Yeah, I haven't even looked at the desktop, so
• 23:16
  Speaker 2: I'll have to do that.
• 23:17
  Speaker 3: But yeah, you can log in on your desktop, and
• 23:19
  Speaker 3: that seems to be a way that I like to
• 23:22
  Speaker 3: absorb my information. I feel like on the go, I
• 23:25
  Speaker 3: just look at it on my phone, and like, if
• 23:27
  Speaker 3: I'm investing a little bit more, I'm just checking something.
• 23:29
  Speaker 3: But when I want to look at my portfolio as
• 23:31
  Speaker 3: a whole or download a tax report, I'm always logging in.
• 23:34
  Speaker 2: Do you have to do that?
• 23:35
  Speaker 3: No, but I personally enjoy doing it that way. But
• 23:39
  Speaker 3: your platform is your personal opinion, right, Like some people
• 23:43
  Speaker 3: couldn't care less for an app, whereas me, I want
• 23:47
  Speaker 3: the app. I want to be able to just see
• 23:48
  Speaker 3: it on the go. I really like their search engine.
• 23:51
  Speaker 3: I really like all of that, whereas some people are
• 23:53
  Speaker 3: going to go, oh V, I'm just with like, you know,
• 23:56
  Speaker 3: the most simple one ever. I just buy stuff and
• 23:59
  Speaker 3: I don't need any insights and that's cool. But there's
• 24:02
  Speaker 3: no one size fits all answer.
• 24:04
  Speaker 2: Yeah, if that makes sense.
• 24:05
  Speaker 3: I wish I could be like, babe, here's the answer.
• 24:07
  Speaker 4: Yeah. I think I just got to a point where
• 24:09
  Speaker 4: I'm ready to understand my performance is more and CMC
• 24:13
  Speaker 4: wasn't quite doing that for me anymore.
• 24:16
  Speaker 2: And also life is all of a sudden really busy.
• 24:19
  Speaker 2: It's just where I'm at with things.
• 24:21
  Speaker 4: So automatic investing is a really great function that I
• 24:26
  Speaker 4: can just automatically after every paychecks and money straight into
• 24:29
  Speaker 4: chaseas and then they automatically invests every fortnight and I
• 24:32
  Speaker 4: don't even have to look at it.
• 24:34
  Speaker 2: But that's such a weird.
• 24:35
  Speaker 4: Yeah.
• 24:35
  Speaker 3: I like that it just automates it. And as you said,
• 24:38
  Speaker 3: when life gets busy stuff like this, you go, oh yeah, yeah,
• 24:42
  Speaker 3: I'll get to it, and then you forget, and then
• 24:43
  Speaker 3: it's a month later and you've actually missed a month,
• 24:45
  Speaker 3: and that's okay, But those things add up over time,
• 24:48
  Speaker 3: and like the entire point is to create financial freedom,
• 24:51
  Speaker 3: and right now I don't have freedom. I'm really busy
• 24:54
  Speaker 3: with two kids. And I promise I would have missed
• 24:56
  Speaker 3: the last three investing cycles had it not just been
• 24:59
  Speaker 3: a notific on my phone, Like my shares, this notification
• 25:02
  Speaker 3: pops up and it's like your trade's been done. I'm like,
• 25:04
  Speaker 3: oh yeah, whoa. Well, I find it really helpful. And
• 25:10
  Speaker 3: like I'm just the type of person that out of sight,
• 25:12
  Speaker 3: out of mind, Like if it's not front of mind
• 25:14
  Speaker 3: and it's not right in front of me, sometimes I
• 25:16
  Speaker 3: just forget to do it.
• 25:17
  Speaker 2: Yeah.
• 25:17
  Speaker 4: Absolutely, I just like that it's admin freed. Like you know,
• 25:21
  Speaker 4: you can said that once and that is it. Don't
• 25:23
  Speaker 4: have to worry about it, and you can offer it,
• 25:24
  Speaker 4: you can down it, whatever, you can adjust that.
• 25:26
  Speaker 3: Yeah, exactly, And that's why I have money sitting in
• 25:29
  Speaker 3: my account because like, I invest the amount that I,
• 25:32
  Speaker 3: you know, want to invest every month, and then I
• 25:34
  Speaker 3: transfer some more over. I don't know if everybody knows
• 25:37
  Speaker 3: my budget and cash flow system, but every week I
• 25:40
  Speaker 3: give myself a certain amount of money, and then if
• 25:42
  Speaker 3: I don't spend it, I can either transfer it to
• 25:44
  Speaker 3: my savings for something bigger, or I just transfer it
• 25:47
  Speaker 3: to my investment account and it just builds up, and
• 25:49
  Speaker 3: then I can, you know, do an extra investment or something.
• 25:52
  Speaker 3: That money just builds up and then you know, I
• 25:54
  Speaker 3: can dive in and invest a little bit more or
• 25:56
  Speaker 3: have a bit of a play, or pick up a
• 25:58
  Speaker 3: new satellite. So the market's been pretty crazy recently. I
• 26:03
  Speaker 3: feel like every day I log in and it's red
• 26:07
  Speaker 3: or it's green and I'm confused, or I see that
• 26:11
  Speaker 3: Trump has said something different on Twitter again. How are
• 26:14
  Speaker 3: you reacting to that as an investor who hasn't been
• 26:17
  Speaker 3: in the market for a long time, Like, what does
• 26:20
  Speaker 3: that look like? Because it feels like initiation.
• 26:22
  Speaker 4: By fire yeah, particularly having just moved to these two
• 26:26
  Speaker 4: ETFs recently, definitely noticing it in my portfolio. Yeah, I
• 26:31
  Speaker 4: know enough to not panic and worry about it. No
• 26:35
  Speaker 4: enough that I wish I had yet more cash to
• 26:37
  Speaker 4: put in, And that's fine. I think I just probably
• 26:41
  Speaker 4: at a point where I want to really make sure
• 26:43
  Speaker 4: that my strategy is okay, and that's probably where I
• 26:46
  Speaker 4: probably need to get some more support and not just
• 26:49
  Speaker 4: go off what I think is right sometimes, which you know,
• 26:52
  Speaker 4: I love the challenge of learning about the investing world,
• 26:56
  Speaker 4: but probably at a point where I need some support.
• 26:59
  Speaker 4: And yeah, I'm I'm fine with where the current world,
• 27:02
  Speaker 4: how that is impacting the market and my investments. I
• 27:05
  Speaker 4: have no means to pull that money out anytime soon,
• 27:08
  Speaker 4: Like I'm planning to leave.
• 27:09
  Speaker 2: That in there, yeah for it. I don't know retirement,
• 27:12
  Speaker 2: I don't have any plans to bring it out. So yeah,
• 27:15
  Speaker 2: I'm not too stressed.
• 27:16
  Speaker 3: So tell me about this apprehension that you have around
• 27:19
  Speaker 3: your investing strategy. Is it because you're like, oh, I'm
• 27:22
  Speaker 3: just really not sure if I'm doing it right, or
• 27:24
  Speaker 3: you really want to tweak something specific, or you're just
• 27:27
  Speaker 3: like super excited about the whole market, Like what does
• 27:30
  Speaker 3: that look like? Because I feel like when we start
• 27:32
  Speaker 3: talking about strategy, often different people mean different things. Sometimes
• 27:37
  Speaker 3: they're like, oh, well, my strategy is I just want
• 27:39
  Speaker 3: to add another ETF and I go, oh, well that's
• 27:41
  Speaker 3: different then, you know, growth versus a dividend strategy for example.
• 27:46
  Speaker 4: Yeah, I was more meaning the strategy of where I'm
• 27:50
  Speaker 4: at with the two ETF And like, you know, I've
• 27:53
  Speaker 4: sort of like I think I said, you said at
• 27:55
  Speaker 4: the stuff I've been through the ringer, which is probably
• 27:57
  Speaker 4: not the best onix of words that I could have
• 28:00
  Speaker 4: describe it, But.
• 28:01
  Speaker 3: I didn't say that.
• 28:02
  Speaker 2: You said that.
• 28:02
  Speaker 3: I read your own words.
• 28:03
  Speaker 4: It sounds right and how to describe it. And I
• 28:07
  Speaker 4: just feel like I want to make sure that I'm
• 28:09
  Speaker 4: not in another point where in another year time, I'm like, oh,
• 28:12
  Speaker 4: that's just another part of that journey. Like I'd like
• 28:15
  Speaker 4: to get to a point where I'm really, really, really
• 28:18
  Speaker 4: confident in how I'm going about things so that I
• 28:21
  Speaker 4: can get the returns.
• 28:22
  Speaker 3: Yeah, and just make them consistent, and you just know
• 28:24
  Speaker 3: that you've got good exposure to a number of different
• 28:27
  Speaker 3: markets and you're good to go. Like, I feel like
• 28:30
  Speaker 3: that confidence is often underestimated. Like it's so important to
• 28:35
  Speaker 3: have that confidence, because that's what's going to mean that
• 28:37
  Speaker 3: you do stick to it over the long term and
• 28:39
  Speaker 3: feel confident during that period because like the market's going
• 28:42
  Speaker 3: to go up, but the market's going to go down,
• 28:44
  Speaker 3: and like you just want to make sure that you're secure,
• 28:47
  Speaker 3: Like it's a smart thing to do. Yeah, now, my friend,
• 28:50
  Speaker 3: I want to ask you mentioned that you sold down
• 28:54
  Speaker 3: your shares and somewhat up and somewhat down. Can you
• 28:56
  Speaker 3: tell me about the tax implications? What happened there? Did
• 28:59
  Speaker 3: you have to talk to your accountant? Did you have
• 29:01
  Speaker 3: to pay a whole heap of tax? What did that look?
• 29:03
  Speaker 4: Like I'm just a little girl, and I literally had
• 29:06
  Speaker 4: no idea about like the implications of tax.
• 29:11
  Speaker 2: I actually don't really know.
• 29:13
  Speaker 4: Probably another reason that I've moved from CMC is like
• 29:17
  Speaker 4: the statements and tax time and I've only this year
• 29:21
  Speaker 4: got a personalized account, like I've always done my own
• 29:24
  Speaker 4: tax retan, like i'ven't always been in a position where
• 29:27
  Speaker 4: I could have only been at UNI and whatnot, So
• 29:30
  Speaker 4: I don't really.
• 29:30
  Speaker 3: Know you can do it yourself. But also that's again
• 29:33
  Speaker 3: I feel like a walking advertisement for chairs's today and
• 29:36
  Speaker 3: that's not the meaning of it. But after tax time,
• 29:39
  Speaker 3: Chaz's literally just send you a whole statement that you
• 29:43
  Speaker 3: hand the PDF over to your accountant and they go
• 29:45
  Speaker 3: thank you, and that's all they need. And I just
• 29:48
  Speaker 3: think that's fantastic. Yeah, let's mental load. We're just girls
• 29:52
  Speaker 3: like I don't want to have to calculate it, and
• 29:54
  Speaker 3: do you know what, I'm someone who can calculate it.
• 29:56
  Speaker 3: Do I want to? Though?
• 29:57
  Speaker 2: Still no, No, I'll leave the account to do that
• 30:01
  Speaker 2: work for me. But yeah, I don't actually know how
• 30:04
  Speaker 2: they facted me previously. Probably should, but.
• 30:06
  Speaker 3: I know you know what, it clearly hasn't impacted you
• 30:09
  Speaker 3: that bad. No, No, So talk to me about how
• 30:13
  Speaker 3: much you have invested. We know that you started with
• 30:16
  Speaker 3: ten grand and that your parents gifted you ten grand
• 30:19
  Speaker 3: to kick it off, and that's kind of what started
• 30:20
  Speaker 3: at snowballing. But where have you gotten to because I feel,
• 30:24
  Speaker 3: like you mentioned, I had a year where I got
• 30:25
  Speaker 3: one point five percent returns and that was kind of dismal,
• 30:28
  Speaker 3: But now I'm back on track. What's your total portfolio
• 30:31
  Speaker 3: worth now?
• 30:32
  Speaker 2: Yeah? The total portfolio is at thirty k oh who
• 30:35
  Speaker 2: is she? Yeah? Fifteen in eight hundred and fifteen in
• 30:40
  Speaker 2: ND here.
• 30:40
  Speaker 3: That is very cool. And for context, guys, our money
• 30:43
  Speaker 3: direst is only twenty four. Yeah, you're just a baby
• 30:48
  Speaker 3: in the nicest possible way. I hope people know that
• 30:50
  Speaker 3: when I say that, it's not a oh, I'm condescending
• 30:54
  Speaker 3: you're so young, in a oh my goodness, you have
• 30:57
  Speaker 3: so much time ahead of you. This is so exciting.
• 30:59
  Speaker 3: Your twenty and have thirty grand invested like money win.
• 31:03
  Speaker 2: Yeah, it's really exciting.
• 31:05
  Speaker 4: And I think if I did a similar thing for
• 31:07
  Speaker 4: my kids, I probably wouldn't give them the cash till
• 31:09
  Speaker 4: they were like twenty five and had their head screwed up,
• 31:11
  Speaker 4: because I feel like I'm only.
• 31:12
  Speaker 2: Just growing up at twenty four, so that you're learning.
• 31:16
  Speaker 3: Yeah, you're learning, and you know what, you put it
• 31:18
  Speaker 3: into the share market. Do you know how many people
• 31:20
  Speaker 3: I've met who have been in similar situations and they're like, oh, yep,
• 31:24
  Speaker 3: actually spent all that money on a holiday.
• 31:27
  Speaker 2: No, it was forced, we weren't allowed to touch it.
• 31:29
  Speaker 3: You know what, Your parents have got their head screwed on.
• 31:31
  Speaker 3: I like them, Picasso. Now tell me what your financial
• 31:35
  Speaker 3: freedom number looks like. Have you thought about this? You're investing.
• 31:39
  Speaker 3: Where do you want to get to? What's the long
• 31:41
  Speaker 3: term plan?
• 31:43
  Speaker 4: Yeah, I literally haven't given it too much. Like I've
• 31:46
  Speaker 4: got this idea I'd love to put have one hundred
• 31:48
  Speaker 4: k and chairs. I don't know, that feels like a
• 31:50
  Speaker 4: nice number. I've been there, and like the idea is
• 31:54
  Speaker 4: to retire off that cash, not really see it or
• 31:58
  Speaker 4: look at it. I'd love to it by house one
• 32:01
  Speaker 4: day or build a house. I'n't really gone down the
• 32:03
  Speaker 4: strategy of that. I've only just started using the first
• 32:06
  Speaker 4: time super Savor scheme, so that is definitely a little
• 32:10
  Speaker 4: way off. I think I'm putting in two fifty or
• 32:12
  Speaker 4: for that. So if I want to hit the fifty k,
• 32:16
  Speaker 4: it's like it's like eight years to hit the BAX
• 32:19
  Speaker 4: fifty k.
• 32:20
  Speaker 2: So at some point, im I bump that up.
• 32:21
  Speaker 3: That could's still You're on the way, my love, you
• 32:24
  Speaker 3: are on the way.
• 32:25
  Speaker 2: Yeah, in the making, I guess.
• 32:27
  Speaker 3: But that's so exciting or I think that's exciting.
• 32:30
  Speaker 4: Yeah, absolutely, it's exciting to go about actually making that
• 32:35
  Speaker 4: a somewhat of a priority. And yeah, it was interesting
• 32:38
  Speaker 4: to go down and learn about the super Save scheme route.
• 32:42
  Speaker 4: Like initially I thought, oh, put that money for my house,
• 32:46
  Speaker 4: posit in the sham market.
• 32:47
  Speaker 2: But I have this thing where I like and I
• 32:50
  Speaker 2: never want to pull that money out of the share market.
• 32:52
  Speaker 2: I just don't want to. I don't know.
• 32:53
  Speaker 4: I've been in a few situations where I probably should have,
• 32:56
  Speaker 4: and I just I don't like it. It doesn't appeal
• 32:59
  Speaker 4: to me at allably a bit obsessed with seeing that
• 33:01
  Speaker 4: number grow and not come back. And then a few
• 33:05
  Speaker 4: other options were have my house closit in a cash account,
• 33:09
  Speaker 4: and I didn't really like the idea of that, Like
• 33:12
  Speaker 4: I'd prefer to have it growing at a bigger rate.
• 33:15
  Speaker 4: And my super's averaging like nine point six percent. Very nicey,
• 33:19
  Speaker 4: let's let's throw it in there so it's growing. I
• 33:22
  Speaker 4: can't actually touch it until I really need to, like
• 33:25
  Speaker 4: until I'm ready to buy or build or I haven't
• 33:28
  Speaker 4: really looked at what that actually looks like at the end,
• 33:30
  Speaker 4: but sort of like salary sacrifice. So you don't even
• 33:34
  Speaker 4: see that cash either, Yeah, en have to touch it,
• 33:36
  Speaker 4: look at it whatever. Yeah, so that's a big goal
• 33:38
  Speaker 4: as well at some point.
• 33:39
  Speaker 3: Oh, I love that, And I think that that's a
• 33:42
  Speaker 3: situation that lots of us are in. Like if you're
• 33:44
  Speaker 3: twenty four, It's like, well, I actually don't have a
• 33:46
  Speaker 3: financial freedom number yet, but I know that I'm well
• 33:48
  Speaker 3: on the way, and over time, with your lifestyle, you
• 33:51
  Speaker 3: work that out. I just I'm excited for you and
• 33:54
  Speaker 3: I'm just glad that you're starting to use things like
• 33:56
  Speaker 3: the first Time Super Savior scheme. They're literally set up
• 33:59
  Speaker 3: to benefit, like you are going to get tax discounts
• 34:02
  Speaker 3: for using that. Just think about whether it works for
• 34:05
  Speaker 3: your situation. Tell me now, at the start of this episode,
• 34:08
  Speaker 3: you're like, I'm a Bee, Like I reckon, I'm a
• 34:10
  Speaker 3: solid bee when it comes to money, not just investing.
• 34:14
  Speaker 3: What would it take to get you from a B
• 34:16
  Speaker 3: to an A.
• 34:17
  Speaker 4: There's a few things that go into that. We haven't
• 34:20
  Speaker 4: quite touched on it. But my net worth is like zero.
• 34:23
  Speaker 4: I have a seventy three K help debt from UNI, so.
• 34:27
  Speaker 2: Oh that's okay.
• 34:27
  Speaker 3: I was like, babe, is that a credit card? I
• 34:29
  Speaker 3: was like, I'm gonna talk to you about it. But
• 34:31
  Speaker 3: that's not the worst. Yep.
• 34:34
  Speaker 4: So that's equal to my asse. So that's fine, Like,
• 34:37
  Speaker 4: I feel fine about it. I'm not making any extra
• 34:40
  Speaker 4: contributions to it.
• 34:41
  Speaker 3: It's very different when it's a hex debt versus a
• 34:43
  Speaker 3: personal debt my life and you're also so young, like
• 34:46
  Speaker 3: that is to be expected, yep.
• 34:48
  Speaker 2: And another one you're probably gonna tell me off, but
• 34:51
  Speaker 2: like I.
• 34:51
  Speaker 3: Have some when if I ever told anybody off, sit.
• 34:54
  Speaker 2: Down, it's about emergency fun So it might I don't
• 34:59
  Speaker 2: have half of it.
• 35:01
  Speaker 4: I just haven't got my full warm out, and I
• 35:03
  Speaker 4: am putting money into every pacheck, but at the same time,
• 35:06
  Speaker 4: I'm not fully putting all my cash there to get
• 35:09
  Speaker 4: it up to scratch, putting money in my sharepoofully at
• 35:13
  Speaker 4: the same time.
• 35:14
  Speaker 2: So hopefully you're not gonna tell me off.
• 35:16
  Speaker 3: I'm not mad at you. I would never be mad
• 35:19
  Speaker 3: at you. But I do think it's a really good example. Right,
• 35:22
  Speaker 3: So if we just rerhyned a little bit, So you're
• 35:24
  Speaker 3: saying I need an emergency fund, but I'm also prioritizing
• 35:27
  Speaker 3: my investing, and I get it, and lots of people
• 35:30
  Speaker 3: in our community are. But would you say that you're
• 35:33
  Speaker 3: in a financial position where if something happened, you're going
• 35:36
  Speaker 3: to be okay, and you're all right with the decision
• 35:39
  Speaker 3: that you're making to put it into the share market, Like, yeah,
• 35:41
  Speaker 3: we all know that putting it in the share market
• 35:44
  Speaker 3: is not the best idea because you might have to
• 35:46
  Speaker 3: pull it out at make a loss. But I just
• 35:47
  Speaker 3: feel like you're a bit more risky than most. Am
• 35:50
  Speaker 3: I picking that up right?
• 35:51
  Speaker 2: Yeah, I definitely like controlled risk.
• 35:54
  Speaker 4: I'm happy to be risk adverse, but ideally it might
• 35:59
  Speaker 4: not seem like it with my history of investing.
• 36:01
  Speaker 5: But I do like to feel like.
• 36:03
  Speaker 2: I'm comfortable with the decisions that I'm making.
• 36:05
  Speaker 4: I'm not just making really, I feel like when I
• 36:07
  Speaker 4: make them, they're not really nearly decisions. Looking back, maybe
• 36:11
  Speaker 4: they were quick decisions and a bit too fast paced,
• 36:15
  Speaker 4: but like it's just the excitement to get involved and
• 36:18
  Speaker 4: definitely probably a bit of risk in.
• 36:20
  Speaker 3: There, but I don't think that's a bad thing. I
• 36:22
  Speaker 3: think that's a calculated decision. And you know, one Just
• 36:26
  Speaker 3: to be very clear, I've never told anybody off about
• 36:29
  Speaker 3: their financial decisions, because that would make me a terrible person.
• 36:33
  Speaker 3: Two pot kettle black. I've made some of the worst
• 36:37
  Speaker 3: financial decisions. That's how I've ended up on this side
• 36:40
  Speaker 3: of the microphone, my friend. But then I also just
• 36:44
  Speaker 3: think you're a smart woman doing smart things, and you
• 36:47
  Speaker 3: are choosing this actively and as long as it was
• 36:50
  Speaker 3: an active decision, I'm cool with it because it was
• 36:53
  Speaker 3: your decision and that's the best one that could be
• 36:55
  Speaker 3: made for you. Whereas if you were like, oh, I
• 36:58
  Speaker 3: didn't realize I should be putting more in my emergency
• 37:01
  Speaker 3: fund I wish I had. That's a different story than
• 37:03
  Speaker 3: the oh my god, I'm not doing that because I've
• 37:06
  Speaker 3: prioritized something else. Sorry, this is your life. Go live it, bab.
• 37:09
  Speaker 4: Yeah, I'm on track to like max it out where
• 37:12
  Speaker 4: I want it to be in June, so I'm not
• 37:14
  Speaker 4: too stressed.
• 37:15
  Speaker 3: Yeah, it's fine, money diarist, I wish we had more time.
• 37:20
  Speaker 3: Thank you so much for being so open. Our community
• 37:24
  Speaker 3: is going to be obsessed with this because you're you know,
• 37:27
  Speaker 3: I think that we'd get on like a house on fire,
• 37:29
  Speaker 3: because you are so chaotic that I love it. Like,
• 37:33
  Speaker 3: You're just like I just did it, and I'd be like, great,
• 37:36
  Speaker 3: no worries, Like you're you know what you've got becksied energy.
• 37:39
  Speaker 3: You're just like, I just did it and I'll work
• 37:41
  Speaker 3: it out later.
• 37:42
  Speaker 2: Yeah, I wish I was more like you. Well, I
• 37:45
  Speaker 2: probably wish I was less like me, but yeah, we're here.
• 37:49
  Speaker 3: No, you know what You're the best type of person.
• 37:51
  Speaker 3: And I bet all your friends are like, she's the
• 37:53
  Speaker 3: fun one. She is the fun one. She is chaos,
• 37:56
  Speaker 3: but she's headed in the right direction. And I'm just
• 37:58
  Speaker 3: I'm so excited that you've in financial services and we
• 38:01
  Speaker 3: get to call you like a colleague in this industry,
• 38:04
  Speaker 3: and I just I'd love to yap about investing, and
• 38:07
  Speaker 3: I just I think that our community is going to
• 38:09
  Speaker 3: have loved this episode. So thank you so much for sharing.
• 38:13
  Speaker 2: No, thank you so much for having me.
• 38:15
  Speaker 3: Now we're definitely going to be doing more investing diaries
• 38:18
  Speaker 3: because this is the nitty gritty stuff that I love.
• 38:20
  Speaker 3: If you love this episode, share it with a friend
• 38:22
  Speaker 3: who also wants to yap about investing. But also, I
• 38:25
  Speaker 3: would love it if you could leave us a review.
• 38:27
  Speaker 3: It genuinely helps us to bring you the content that
• 38:30
  Speaker 3: helps you, and it lets us know what you want
• 38:32
  Speaker 3: more of behind the scenes. So I know you're probably
• 38:36
  Speaker 3: feeling a little bit inspired right now and ready to
• 38:38
  Speaker 3: channel your inner money diarist and start building your own
• 38:41
  Speaker 3: wealth journey. I've made that really easy, and I've actually
• 38:44
  Speaker 3: pulled together all of our best investing resources in one
• 38:47
  Speaker 3: spot on the Shees on the Money website. I'm going
• 38:49
  Speaker 3: to link it in the show notes for you so
• 38:51
  Speaker 3: that you can soak it all up and put yourself
• 38:53
  Speaker 3: in the best possible position. My loves, I will see
• 38:56
  Speaker 3: you back here on Wednesday for a deep dive, but
• 38:59
  Speaker 3: till then, have the best day.
• 39:06
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• 39:09
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• 39:12
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