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Investing Diaries: ASX and the City · 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 t Glenn Young Ganya
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Speaker 1: Niana Kaka yah Ya Binahwaka Nian our gay In Nimbini,
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Speaker 1: yakarum Jar doumayamiga Umaga ihowaka Nilewaman damon imlan wimmabang gadabomba
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Speaker 1: in and now in wakah ghana on yak rum jar Watanadaa. Hello,
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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
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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. Hello, and
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Speaker 2: welcome to She's on the Money the podcast and let's
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Speaker 2: you be pervy about other people's money habits educational purposes
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Speaker 2: of course. Welcome back to an another one of our
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Speaker 2: money diaries, brought to you by Sky Wealth, where we
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Speaker 2: get to talk with one of our incredible She's on
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Speaker 2: the Money community members all about their journey this week.
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Speaker 2: It's investing centric, so let's jump straight into it. Because
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Speaker 2: I got a message this week and it sounded exactly
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Speaker 2: like this. Hi, she's on the money. I actually first
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Speaker 2: learned about investing from my mum. I'm slay because when
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Speaker 2: we lived on a farm, she started an investing club
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Speaker 2: with her friends for the social aspect. Inspired by her,
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Speaker 2: I got a group of my friends together and have
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Speaker 2: done the same thing. It's a monthly investing club called
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Speaker 2: ASX in the city that mixes market chat and girls dinner.
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Speaker 2: Each month, we contribute to a shared account, research companies
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Speaker 2: and invest together. We've gone from what is a pe
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Speaker 2: ratio to confident collaborative investors. We invite guest speakers to
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Speaker 2: come along and share their wisdom with us as well.
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Speaker 2: We're still learning, but we're almost three years in with
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Speaker 2: over twenty thousand dollars collectively invested. What the hell? Why
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Speaker 2: haven't you been invited to this money? Darius? Welcome to
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Speaker 2: the show, but also roots. You can come on anytime,
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Speaker 2: can I I'm coming. I'll do whatever. I just want
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Speaker 2: to be involved, like I don't mind. Can I please
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Speaker 2: come play with you and your friends because we sound
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Speaker 2: like we're on the same page, like this is the
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Speaker 2: coolest thing ever. And sorry, growing up with a mum
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Speaker 2: who's like just to have my own little investing club, Like,
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Speaker 2: be for real, what an icon she was.
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Speaker 3: I didn't actually realize it at the time, but she'd,
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Speaker 3: you know, say that she has her ones called women
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Speaker 3: in Black. Yeah, although they've definitely been in the red,
2:32
Speaker 3: but I can'd say I have women in Black coming over,
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Speaker 3: and I just grew up with that but not really
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Speaker 3: understanding what it meant or you know, thinking that i'd
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Speaker 3: have my own and down the track. So it was
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Speaker 3: quite inspiring. And so they've been going. Women in Black
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Speaker 3: have been going for twenty six years stop. So she
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Speaker 3: founded out with twenty other women in nineteen ninety nine.
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Speaker 2: Twenty other women. Yeah, what an icon. She's the original,
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Speaker 2: she's on the money.
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Speaker 3: She actually trained mind.
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Speaker 2: Yeah, well, I mean I did that, so un lucky
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Speaker 2: for your mom because I know I own that. But
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Speaker 2: I'll share it with her happily, Like I'll let her
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Speaker 2: have a turn and I won't come for her if
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Speaker 2: she uses my terminology because she's honestly the original icon.
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Speaker 2: Can we talk more about that though? Can we go
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Speaker 2: back before we jump into your investing journey. Can you
3:15
Speaker 2: tell me a bit more about what your money story
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Speaker 2: looked like before you started investing, and what was your
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Speaker 2: attitude towards investing or was it just like, well, clearly
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Speaker 2: we do it. Mom has these meetings and that's a
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Speaker 2: thing like what did that look like growing up?
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Speaker 3: Going back even further, I think Women in Black started
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Speaker 3: and Mums started that with her friends because they were
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Speaker 3: all on the land. So as you said, I grew
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Speaker 3: up on a farm, whilst they all live on farms.
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Speaker 3: They're from very different backgrounds, so teachers, physios, even a
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Speaker 3: firefighter in there.
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Speaker 2: Yeah, because we can do everything to get a bit of.
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Speaker 3: Pocket money and separate income from the land and to
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Speaker 3: just learn about investing. That was their main name. They
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Speaker 3: started this, and the social aspect was huge. So they've
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Speaker 3: supported each other through motherhood, droughts, floods, fires, mouse, plagues
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Speaker 3: like that's just been a bonus of it all. But
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Speaker 3: they they've just learnt so much along the way and
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Speaker 3: have done so well out of it, And so that
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Speaker 3: sort of was a bit of an idea in my head,
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Speaker 3: but I didn't understand it all until a lot later
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Speaker 3: in life.
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Speaker 2: And was that because you kind of joined in on
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Speaker 2: your mom's sessions or was that like self motivated? Like
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Speaker 2: how did you go from you know, kind of being
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Speaker 2: a passive bystander to this where you were like, I
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Speaker 2: don't really understand what was going on, but my mum
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Speaker 2: was clearly into it, to being an active investor yourself.
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Speaker 3: So I was living overseas, came back and did a
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Speaker 3: master's in sustinibility, and whilst I didn't think this was
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Speaker 3: the route I would take, I fell into investor relations.
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Speaker 2: It just fell in.
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Speaker 3: It's like PR for small cap mining stocks, but in
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Speaker 3: future facing medals, so lithium and cropper and there was
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Speaker 3: a biotech in there. Yeah, but that's I guess piqued
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Speaker 3: my interest in investing and the whole sort of financial sphere.
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Speaker 3: And then that got me thinking, I wonder if I
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Speaker 3: could start something similar to my mum's group.
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Speaker 2: Yeah, that's very cool. Can you tell me a bit
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Speaker 2: more about how you trip and fall into investor relations
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Speaker 2: or was it because you were like marketing and PR
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Speaker 2: focused and then that was kind of like a marketing
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Speaker 2: and PR role. I'm just trying to work out how
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Speaker 2: you end up there. Because that's quite a specific niche.
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Speaker 3: It was actually down the sustainability group. It was a
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Speaker 3: friend of a friend who has their own investor relations company,
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Speaker 3: and she wanted to push your head in this sort
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Speaker 3: of green transition, and I was fortunate enough to be
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Speaker 3: able to just spin sort of sustainability into stocks and
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Speaker 3: how they can be progressive. They can be green despite
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Speaker 3: being mining stocks and sort of dirty originally. But yeah,
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Speaker 3: that's how I got into it.
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Speaker 2: So tell me about the segue from working in investor relations.
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Speaker 2: I feel like you would have learned a lot there,
6:00
Speaker 2: obviously about what you were talking about, but also about
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Speaker 2: starting your own investing journey. How does that progress into Hey,
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Speaker 2: I now have a group called ASX in the city.
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Speaker 3: I don't know when the actual capitalist actually happened. I
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Speaker 3: think maybe it was listening to mom, Maybe it was
6:20
Speaker 3: having I did have a small portfolio myself. It was
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Speaker 3: just there was one moment and I sent out a
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Speaker 3: message to a couple of WhatsApp groups, and I think
6:30
Speaker 3: what separated the week from the chat, so to speak,
6:33
Speaker 3: was the fact that whilst it is fun and we
6:37
Speaker 3: are there to learn, we started out with a grand
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Speaker 3: buy in and then it's fifty dollars per month, and
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Speaker 3: that's also mimicked off women in black. You know, we
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Speaker 3: have an agenda, we have a partnership, we have you know,
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Speaker 3: we take minutes. We have to do a tax return
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Speaker 3: every year, and it was not easy.
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Speaker 2: Let me do no, I'm like going, hold on, hold on,
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Speaker 2: this has gone beyond like chucking fifty bucks into the kitty.
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Speaker 2: And even I was about to be like what happens
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Speaker 2: like if you know, it all goes south. But this
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Speaker 2: this is a legitimate organization. She's organized investing, not crime.
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Speaker 2: I like it, but tell me how does it go
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Speaker 2: from going? I'd love some friends to invest with too.
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Speaker 2: How about we set up a full ABN and take
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Speaker 2: minutes and do a tax return. That's crazy. I love it.
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Speaker 3: Yeah, it's it's full mimicking women in black. Like you know,
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Speaker 3: I'm just so grateful that I did have my mum
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Speaker 3: and that she's so interested and keen to share all
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Speaker 3: that information. And never did she think that, you know,
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Speaker 3: she'd be sharing advice and writing her story to meet
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Speaker 3: and speak to you about this. It was all a
7:40
Speaker 3: big working process, like for us to even open a
7:43
Speaker 3: bank account, the concept everything was not it wasn't that easy,
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Speaker 3: but it's definitely worth it. Like it's you know, short
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Speaker 3: term pain for long term gain for.
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Speaker 2: Sure, one hundred percent. And so what's the long term
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Speaker 2: plan for this? Because I feel like a lot of
8:00
Speaker 2: people might start like a little investing club to get
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Speaker 2: some education, but this goes beyond just education, Like you're
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Speaker 2: all bought in. What's the plan with the fund?
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Speaker 3: We've never actually sat down and thought, okay, where are
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Speaker 3: we headed? But we Our strategy is long term investments
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Speaker 3: and basically just to learn, you know, where it's social
8:18
Speaker 3: as well. We're all spread out over the world now,
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Speaker 3: like although we started in Sydney, people have moved to London,
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Speaker 3: in Melbourne and Amsterdam and it's so you know, it's
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Speaker 3: a good way to catch up but also learn, and
8:29
Speaker 3: our knowledge, you know, since starting in May twenty twenty three,
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Speaker 3: has just grown exponentially. You know, there's times where we
8:36
Speaker 3: were saying EFTs.
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Speaker 2: And whatever semantics. I'm genuinely envious, Like I'm like, wait, sorry,
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Speaker 2: Like maybe I'll pitch this to my friends, maybe I'll
8:46
Speaker 2: make new friends so that my friends don't think I'm
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Speaker 2: weird about this. But I just think that that is
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Speaker 2: so so cool. What do you hold? Like if we
8:56
Speaker 2: break down what's in the fund? You said, it's based
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Speaker 2: on great How are we making decisions about what to
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Speaker 2: buy or what to invest in?
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Speaker 3: Good questions? So we have ten stocks and a very
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Speaker 3: broad arrange of them. We're actually quite retail heavy, possibly
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Speaker 3: for some reason we starting out. So we have a
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Speaker 3: spreadsheet and you update the spreadsheet with any socks that
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Speaker 3: you want to put forward in a meeting, and then
9:26
Speaker 3: we reassess in the meeting. You know, WhatsApp Where are
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Speaker 3: we at at the moment? Do we want to sell anything,
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Speaker 3: do we want to reinvest in one that we've currently got,
9:34
Speaker 3: do we want to invest in a new stock? And
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Speaker 3: so yeah, it's quite a broad portfolio, ranging from West Farmers.
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Speaker 3: We've got Catapult, which specializes in formance analytics athletes, which
9:47
Speaker 3: has done quite well recently. We've got Sonic Healthcare, Willworth,
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Speaker 3: Pilgrim Minerals, Vanex Sustainable ETF, VAS, Vanguard one ash IVF,
9:58
Speaker 3: which we thought might be a goodbye when.
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Speaker 2: That was all that it was about to say, did
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Speaker 2: you buy that recently when the media popped off?
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Speaker 3: We did. And that's what's so good is like we learn,
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Speaker 3: you know, we've now all got an ear to the
10:09
Speaker 3: ground on what's happening where you know, our long term
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Speaker 3: strategy was eighty percent core stocks or just long term investments,
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Speaker 3: and then twenty percent play money. So how can we
10:20
Speaker 3: learn with our stocks and with what's going on in
10:22
Speaker 3: macro events and macro news.
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Speaker 2: That is actually so exciting. So I understand that you've
10:27
Speaker 2: replicated like your mum's structure, right, But why would we
10:31
Speaker 2: do a group investment as opposed to taking all this
10:35
Speaker 2: knowledge and then making decisions about our own portfolio, Because,
10:38
Speaker 2: like you said before, and I'm just like trying to
10:41
Speaker 2: put the dots together. I suppose you said you had
10:43
Speaker 2: your own investing portfolio before this, and then you started this,
10:47
Speaker 2: and you're investing fifty dollars a month, which is really exciting.
10:50
Speaker 2: Initial buy in of one thousand dollars each amazing. But
10:52
Speaker 2: I would assume that if you guys are aggressive investors,
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Speaker 2: maybe this is the fun part and you all have
10:57
Speaker 2: your own bigger portfolios. Is that an assumption that it
11:00
Speaker 2: is on track?
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Speaker 3: Possibly some might be bigger than others. I realized I
11:04
Speaker 3: have not given my own portfolio and much love at
11:07
Speaker 3: all recently, Like there's something sitting in there that definitely
11:10
Speaker 3: needs to go. And this is recurrent. We all came
11:14
Speaker 3: from different learning platforms, and we're all from different backgrounds
11:17
Speaker 3: and jobs, and our partners are in different roles and
11:21
Speaker 3: different companies, so we're very broad. I think the reason
11:25
Speaker 3: why it works is because we've got the same curiosity.
11:28
Speaker 3: We're all at the same mind frame that we're not
11:31
Speaker 3: a one hundred percent sure what we're doing, but if
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Speaker 3: we do it as a group, if we do it
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Speaker 3: as a pack, we kind of have that pack mentality.
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Speaker 2: We have that that's so fun, and if it's not
11:39
Speaker 2: going well, you can all like HiPE each other up
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Speaker 2: and be like, that's the market, don't worry about it. Like, oh,
11:44
Speaker 2: I'm so envious. I think that this is so fun.
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Speaker 2: Can I go back? Because you did mention you had
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Speaker 2: your own investing portfolio? When did you start that? Why
11:53
Speaker 2: did you start investing solo?
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Speaker 3: I think it was again my mom, like she helped
11:56
Speaker 3: me put my first Can.
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Speaker 2: I get your mum on the podcast? I want to
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Speaker 2: meet it.
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Speaker 3: Yeah, she should probably be hit, but again she it
12:03
Speaker 3: was pulling over this like biodegradable gauze that you put
12:07
Speaker 3: on burns and wounds. And that's gone terribly recently. And
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Speaker 3: I invested and then by the time I've walked from
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Speaker 3: the office to the kitchen, it had gone up fifty
12:16
Speaker 3: dollars you kind of or whatever it was, I don't
12:18
Speaker 3: know what it was. Yeah, and then you kind of
12:20
Speaker 3: get that little high and yeah, I guess it was
12:23
Speaker 3: from then onwards. Yeah, then you see it growing or
12:26
Speaker 3: you can have conversations with other people about it, like
12:28
Speaker 3: that's a big thing as well is a lot of
12:31
Speaker 3: our partners worked in finance or working different industries and
12:35
Speaker 3: there's sometimes some blocks or some scary, scary moments and
12:40
Speaker 3: technical terms. But we're all able to have a seat
12:42
Speaker 3: at the table now, whereas I don't think we may
12:44
Speaker 3: have without the confidence of learning over the past few years.
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Speaker 2: Yeah, and you mentioned my own investing platform has taken
12:51
Speaker 2: a bit of a back seat. What does that look like?
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Speaker 2: Are you talking you've got five hundred dollars invested? Like
12:57
Speaker 2: what amount invested do you have personally?
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Speaker 3: Well, I actually was quite I've got fifteen K, but
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Speaker 3: that's only recently with my husband and I have started
13:07
Speaker 3: doing dolo cost averaging for a stock.
13:09
Speaker 2: I can't what stock. You can't say a stock this
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Speaker 2: is cheese on the money. I get to know what
13:14
Speaker 2: stock why, well, okay, it's a charterholl really well okay,
13:18
Speaker 2: but don't judge.
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Speaker 3: Me chatter or retail read that. I didn't even know
13:23
Speaker 3: what dolo cost averaging was, but then he explained it,
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Speaker 3: And I'm actually going on maternity leave next year. So
13:30
Speaker 3: it's just sort of future proofing and giving us an
13:34
Speaker 3: opportunity to maybe store some cash and get some cash
13:37
Speaker 3: back when necessary.
13:38
Speaker 2: So when it comes to dolo cost averaging, you mentioned
13:41
Speaker 2: a real estate fund, which is a relatively high yield fund.
13:45
Speaker 2: Is the purpose of investing in that to kind of
13:47
Speaker 2: carry you through maternity leave? Or like, how does that
13:50
Speaker 2: fit together? Or are you just very aware that taking
13:53
Speaker 2: time out of your job obviously has a big financial impact,
13:56
Speaker 2: Like I just want to know the drivers.
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Speaker 3: Probably the latter it does, you know, I will have
14:01
Speaker 3: a big financial drop. This is putting aside rather than investing. Say,
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Speaker 3: I don't know, we haven't actually discussed how much we're
14:09
Speaker 3: doing this forward everywhere put a grand on, but you know,
14:13
Speaker 3: rather than investing ten k at one time, it's just
14:16
Speaker 3: safeguarding and making sure that we get a good investment
14:19
Speaker 3: and then if we do need to sell that ten
14:21
Speaker 3: k or whatever it is, hopefully make some money on
14:23
Speaker 3: it next year if we do need to pull that
14:26
Speaker 3: so saving and growing.
14:29
Speaker 2: All right, I'm going to throw to a really quick break.
14:31
Speaker 2: And on the flip side, I have so many more
14:33
Speaker 2: nitty gritty questions about your investment journey, So guys, don't
14:36
Speaker 2: go anywhere, all right, investing direst We are back, and
14:43
Speaker 2: I'm genuinely so excited to jump back into this if
14:46
Speaker 2: we go back to like your group portfolio, which I
14:48
Speaker 2: just think is the most fun ever. The idea that
14:51
Speaker 2: you're all just collaborating and making big group decisions about
14:53
Speaker 2: like what ETF for, Like what direct share that you purchase.
14:58
Speaker 2: What would you say is the share or the that
15:00
Speaker 2: you've seen the best returns on?
15:02
Speaker 3: Vas So the Vanguard we've definitely seen the best returns on.
15:05
Speaker 2: I always find it so funny because I saw that
15:07
Speaker 2: coming a mile off. When you told me what was
15:09
Speaker 2: in your portfolio and that you'd started in twenty twenty three,
15:12
Speaker 2: I was like, yeah, it's.
15:12
Speaker 3: Going to be a bass so boring. No, no, no,
15:15
Speaker 3: but like this is do you know what?
15:17
Speaker 2: This validates me so much. I have this whole Finance
15:21
Speaker 2: podcast where I say tried and true and steady is
15:25
Speaker 2: the best, Like, you're not trying to outperform the market,
15:27
Speaker 2: We're just trying to do the average Women are better
15:29
Speaker 2: investors than men, like let's just be conservative, and so
15:33
Speaker 2: many people are like, you need to take risks to
15:35
Speaker 2: get ahead, and then I am so gratified when people
15:39
Speaker 2: come on and they're like, yeah, so the best performing
15:41
Speaker 2: thing is actually one of the most boring, and I'm like,
15:43
Speaker 2: WHOA didn't see that coming? Those crazy It took us a.
15:46
Speaker 3: While to get into ETFs because we didn't actually want
15:49
Speaker 3: it to be too boring.
15:51
Speaker 2: But at the same time, like West Farmers, we need
15:53
Speaker 2: some good, solid returns.
15:55
Speaker 3: Solid returns. So this year we've made eight percent and
15:58
Speaker 3: that mimics the two hundred, but we've learned way more
16:03
Speaker 3: than if we just put it all on the A
16:05
Speaker 3: Sex two hundred. So yeah, there's pros and cons and
16:08
Speaker 3: we've definitely like West Farmers. You know, we were calling
16:11
Speaker 3: out cash Cow. There's even little stories around that, like
16:14
Speaker 3: one of the girls didn't really understand what the cash
16:16
Speaker 3: cow was, but she just said NU every time West's
16:18
Speaker 3: was brought up.
16:19
Speaker 2: Oh my god, because She probably thought that the word
16:21
Speaker 2: cow was related to the farmer part.
16:24
Speaker 3: Probably there are so many. Even when we first had
16:27
Speaker 3: our we like we always talk about our Christmas party
16:30
Speaker 3: just classic, like you know, kind of like your friends
16:33
Speaker 3: giving lunch, like just girls. And we had our first
16:37
Speaker 3: Christmas party. It was hosted at one of the girls
16:39
Speaker 3: house and she got ASEX balloons and we put it
16:42
Speaker 3: all up on social media and people thought we made
16:45
Speaker 3: a company and listed it on the Exchange.
16:47
Speaker 2: I don't mind that they thought you did that. I
16:50
Speaker 2: love that. Yeah, I would have seen it. And just
16:52
Speaker 2: being jealous, what do you mean an ASX party? Are
16:54
Speaker 2: you saying that? Like maybe, like I've already turned thirty,
16:57
Speaker 2: so this is quite disappointing. I might have to wait
16:58
Speaker 2: till like my fortieth, but it could be ASX themed.
17:01
Speaker 2: Great idea, and you come as your favorite company, yep,
17:04
Speaker 2: you come as your favorite.
17:05
Speaker 3: Stocky heap of et.
17:08
Speaker 2: I'm coming as West Farmers cash cow move. This is amazing.
17:13
Speaker 2: I've seen similar things happening. I own West Farmers and
17:16
Speaker 2: like it's gone really well. And I'm not saying this
17:19
Speaker 2: to be like, oh, it's a great investment, because like
17:21
Speaker 2: past performance, it's not a reliable indicator of future performance
17:24
Speaker 2: and all of that other stuff. But like, it's been
17:26
Speaker 2: so interesting watching it, especially over like the COVID period
17:29
Speaker 2: and coming out of it, and what drives those returns?
17:32
Speaker 2: And like because West Farmers and you guys are probably
17:35
Speaker 2: as interested in this as I am, But what drives
17:38
Speaker 2: those returns? Because West Farmers doesn't it's not just like
17:41
Speaker 2: one company. It owns multiple companies that's the parent company
17:44
Speaker 2: of like Target and Kmart and office Works and Bunnings,
17:48
Speaker 2: and like, getting to look at all of those companies
17:50
Speaker 2: and their returns and how they then filter up to
17:53
Speaker 2: West Farmers and how they organize their company is just
17:55
Speaker 2: so interesting, and you go, what makes sense so interesting?
18:00
Speaker 3: That's what we also are best at is investing in
18:03
Speaker 3: stuff that we know, Like we also hold Woolies, which
18:06
Speaker 3: you know, West Farmers is kind of premium in terms
18:07
Speaker 3: of it's got Kmart, Woolies has Big W. You know,
18:10
Speaker 3: we've had conversations about that, like who the hell goes
18:13
Speaker 3: to Big W these days? Like it's just such a
18:15
Speaker 3: subper camar and so all our relative perspectives and views
18:19
Speaker 3: come into it, and I think that also informs.
18:22
Speaker 2: Our strategy and how and lived experience is important. I
18:26
Speaker 2: want to pick back up on a comment you made before,
18:28
Speaker 2: you said, we really retail heavy, and sometimes when you
18:31
Speaker 2: are retail heavy, you've kind of like not diversified enough
18:34
Speaker 2: and spread it out. But I feel like if you've
18:36
Speaker 2: got a Woolies, well West Farmers no longer has that
18:39
Speaker 2: association with Coles, so you don't actually have a supermarket
18:42
Speaker 2: in that mix, So like that's not a bad mix
18:44
Speaker 2: to have. And then I feel like even under West Farmers,
18:47
Speaker 2: that's an umbrella company of very different companies. Like you
18:51
Speaker 2: look at kmart for example, and I go, wow, that's
18:54
Speaker 2: a very high volume, great profit company, but they make
18:57
Speaker 2: very low margins. So if you read there your report,
19:01
Speaker 2: like they are not making much on each of the
19:03
Speaker 2: products that they're selling, but their entire model is based
19:06
Speaker 2: off volume selling. And so you go great, no worries.
19:08
Speaker 2: But then you flip over and it's different again for
19:11
Speaker 2: Bunnings because Bunnings they don't make their own product in
19:14
Speaker 2: comparison to km UP, which own the Ancho brand. And
19:17
Speaker 2: then you go, okay, well Bunnings they are on sellers.
19:20
Speaker 2: They're like a third party, so it's like a different
19:22
Speaker 2: model again, and I don't know. I get so nitty
19:25
Speaker 2: gritty about like their annual reports and what that looks
19:27
Speaker 2: like and what the best selling brands in Bunnings look like,
19:29
Speaker 2: and you know what's driving that. And it's just so perfect,
19:34
Speaker 2: Like it's like gossip, but in shares so true.
19:37
Speaker 3: There's so many different aspects to it. You never not
19:41
Speaker 3: learn something, you know, and that's what every every time
19:43
Speaker 3: we come away from meeting it. You're kind of buoyed
19:46
Speaker 3: by great charts, interesting conversation, relevant conversation, and good food.
19:52
Speaker 3: Whoever hosts normally provide something really delicious.
19:55
Speaker 2: Puts on a good spread. How good? Tell me? Do
19:58
Speaker 2: you have any in the regrets?
20:01
Speaker 3: Yes, you know, there's pros and cons to it. Because
20:03
Speaker 3: of regrets, we've definitely learned from them. We have got
20:06
Speaker 3: caught up in hyps and trends that they've been learning
20:09
Speaker 3: and so, as one of the girls said, even the
20:12
Speaker 3: mistakes have been good. But we did invest in I
20:14
Speaker 3: don't know how do you say this, but Satyr or Satire,
20:17
Speaker 3: the online luxury fashion retailers. So they went through a
20:21
Speaker 3: pretty hefty, like nearly five million dollar loss, they said
20:26
Speaker 3: tariff changes, and the CEO was a bit unusual and
20:28
Speaker 3: it was all over podcasts, but we definitely it was
20:32
Speaker 3: just recorded our problem child, and it would just be
20:34
Speaker 3: in the news and it would just sort of peek control.
20:37
Speaker 3: But yeah, that was that was a good learning anyway.
20:41
Speaker 2: And that's why we diversified and not all of your
20:43
Speaker 2: money was in there. So it can be the problem
20:45
Speaker 2: child because it doesn't mean that the whole portfolio is
20:47
Speaker 2: not performing. It just means we need to watch the
20:49
Speaker 2: problem child exactly, and then you.
20:51
Speaker 1: Know it's not.
20:52
Speaker 3: At one point we thought, you know, Pilgrim minerals, our
20:55
Speaker 3: lithum was the problem, but you know that's come back obviously,
20:59
Speaker 3: you know resources, so it it's dependent on that. But
21:02
Speaker 3: it's just no matter what if it's bad, it'll still
21:07
Speaker 3: have a good result in terms of you know what
21:09
Speaker 3: else we can get out of it.
21:11
Speaker 2: When it comes to sitting down and having these big conversations,
21:14
Speaker 2: you've obviously taken a lot of time and energy and
21:17
Speaker 2: effort to set this up properly. Have you got a
21:21
Speaker 2: structured strategy or is this like a let's go and
21:25
Speaker 2: start investing in things that we believe in and like
21:28
Speaker 2: do research in or are you sitting down going great
21:31
Speaker 2: the base strategy of this mentality is a core and
21:34
Speaker 2: satellite approach or is it a look, we're looking for
21:37
Speaker 2: high growth or we're looking for high yield. What are
21:39
Speaker 2: we talking about there, because when it comes to I
21:42
Speaker 2: guess dividends, are we trying to prioritize dividends or are
21:45
Speaker 2: prioritizing growth or like what does that look like?
21:47
Speaker 3: So it's definitely core and stratellite mentality and the fact
21:52
Speaker 3: that we are all of the same sort of nature
21:55
Speaker 3: and you know mentality again it is beneficial. Here is
21:58
Speaker 3: so we we've never sat down and said, oh, we're
22:02
Speaker 3: going to get to you know, two hundred K and
22:04
Speaker 3: then sell out and break up or you know, there's
22:08
Speaker 3: never been a sort of long term strategy or plan.
22:12
Speaker 3: Our goal is to just keep investing, not having it
22:15
Speaker 3: in the bank. So if we you know, where I
22:18
Speaker 3: think we've got twenty six K worth of stocks at
22:20
Speaker 3: the moment, where have shares at the moment and then
22:22
Speaker 3: four k in the bank, and so we call it,
22:25
Speaker 3: we say it's time to go shopping and we either
22:27
Speaker 3: decide to you know, reinvest it in current stocks or
22:31
Speaker 3: go or put that towards a new stock. So in
22:34
Speaker 3: terms of all our dividends, we agree that they would
22:37
Speaker 3: be comeing as income, so they go back into our
22:39
Speaker 3: cash account, all seventy seven dollars if some of those.
22:43
Speaker 2: Different sorry from little things, big things grow. Your mum
22:45
Speaker 2: started in nineteen ninety nine and she's probably killing it now.
22:48
Speaker 2: Oh yes, you've only got only quote twenty six thousand dollars,
22:52
Speaker 2: but sorry, overtime, that's going to become a lot.
22:55
Speaker 3: One hundred per and that's cool.
22:56
Speaker 2: And I want to know what the strategy is for
22:57
Speaker 2: that too, because I'm like, okay, so we then just
23:00
Speaker 2: leaving that investment there and splitting the dividends at some
23:03
Speaker 2: point to supplement your incomes or are we selling down?
23:06
Speaker 2: But if we sell down would have capital gains tax
23:08
Speaker 2: And obviously there's some conversation about whether it's owned by
23:12
Speaker 2: the company. You've set up there for thirty percent tax rate,
23:15
Speaker 2: but then do you have to then pay tax on
23:17
Speaker 2: it as an individual if you take it out? Like
23:19
Speaker 2: what's that look like? There's so many questions.
23:20
Speaker 3: I have so many questions I think we'd follow. We
23:24
Speaker 3: yet to properly formally discuss.
23:26
Speaker 2: This, but no, we're not selling out yet, we're too new.
23:28
Speaker 3: Well yeah, but if we were mimicking women in black.
23:31
Speaker 3: My mum's one. It would be they get to two
23:33
Speaker 3: hundred k and they have a sell off and they
23:35
Speaker 3: all get a few k.
23:36
Speaker 2: Yeah, they never let their.
23:38
Speaker 3: Hopefullio go below one hundred k for whatever reason. Probably
23:41
Speaker 3: should have asked that, but it's just yeah, and in
23:44
Speaker 3: terms of then the tax associated around that. Gosh, I'm
23:46
Speaker 3: lucky enough to have ways smarter girls.
23:48
Speaker 2: In a group that understand yeah, ten out of ten.
23:53
Speaker 2: So tell me what does it look like if your
23:55
Speaker 2: group has said, all right, it's time to go shopping.
23:58
Speaker 2: I'm imagining that you do these ASX in the city meetings,
24:01
Speaker 2: like on a rotating basis at different people's houses. Are
24:04
Speaker 2: we standing in front of our TV and doing a
24:06
Speaker 2: big PowerPoint presentation on what stock you think should be added?
24:11
Speaker 2: Because if not, we need to start doing that, like
24:14
Speaker 2: pitch me a stop.
24:15
Speaker 3: So we do have a spreadsheet that is updated prior
24:18
Speaker 3: to the meeting, so if you have something that you
24:20
Speaker 3: want to put forward, put it in. But we made
24:22
Speaker 3: a rule that we weren't going to all come at
24:27
Speaker 3: at every meeting with a new stop because that just
24:30
Speaker 3: gets people get messy. People don't They're not as passionate
24:33
Speaker 3: about it. They'll just chuck in whatever they just heard.
24:36
Speaker 3: But if we actually think about something, so we'll go
24:38
Speaker 3: through the spreadsheet see if there are any new additions
24:41
Speaker 3: all additions. One of the girls mentioned Rebel Right at
24:45
Speaker 3: the start, and everyone was making coffees at home and
24:48
Speaker 3: it was you know, the economic COSI lead issues and
24:52
Speaker 3: it would have been amazing. So we're always revisiting Rebel.
24:55
Speaker 2: I'm actually very disappointed. I didn't invest in Rebel. For
24:58
Speaker 2: the longest time, I was like, no, like coffee, it's
25:00
Speaker 2: not my jam. I really want to go out. And
25:02
Speaker 2: now I'm in a committed relationship with my coffee machine,
25:06
Speaker 2: and I'm like, Brevel, you and I besties, and all
25:09
Speaker 2: they do is get better stop it.
25:11
Speaker 3: So you did invest?
25:12
Speaker 2: No, I didn't. I invested in the bloody machine, not
25:15
Speaker 2: in the stock. And then once I had the machine,
25:18
Speaker 2: I was like, well, this is good. I see why
25:20
Speaker 2: everybody's crazy about it. This share is going to pop off.
25:24
Speaker 2: For the longest time, and I've been watching it, probably
25:26
Speaker 2: since it's on my watch list. So when I log
25:29
Speaker 2: into my platform, I've got like the shares that I own,
25:31
Speaker 2: and I too have a core satellite approach, and then
25:34
Speaker 2: I have my watch list of stuff that I'm like, no,
25:36
Speaker 2: it's probably overvalued, but I want to keep an eye
25:38
Speaker 2: on it because if it drops, I'll probably put some
25:40
Speaker 2: money into it for my satellite. But Revel's been doing
25:43
Speaker 2: too well, so I can't justify investing in it because
25:46
Speaker 2: I'm like, I look at your your reports and I
25:48
Speaker 2: look at everything and like you're doing well, So like, yes,
25:50
Speaker 2: I want to be on that train, but I'm not
25:52
Speaker 2: getting any value if I purchased your share right now
25:55
Speaker 2: because you're popular, so I would argue that you're slightly overvalued,
26:00
Speaker 2: or as a savvy investor, I'm not going to put
26:02
Speaker 2: my money in there until I see a market dip.
26:04
Speaker 2: But I don't want them to experience a market dip
26:06
Speaker 2: because I'm like, but you're a good company, so maybe
26:09
Speaker 2: I'll just never own Brevel.
26:10
Speaker 3: We're really exact same mentality. It's actually a bit of
26:13
Speaker 3: a sour spot. Even one of our guests speakers recommended
26:17
Speaker 3: it again recently, and we just all cringe a bit
26:20
Speaker 3: because it would have done well.
26:22
Speaker 2: But you've got West Farmer's Salts.
26:23
Speaker 3: Fine, but exactly that whole you know, what we're investing,
26:26
Speaker 3: what you know, like we all obviously have a love
26:29
Speaker 3: gold jewelry, you know, getting engaged that sort of thing,
26:32
Speaker 3: and should really invest in that.
26:33
Speaker 2: But oh, that would just gold is going up at
26:36
Speaker 2: the moment as well. I'm watching that being like, my goodness,
26:39
Speaker 2: where's the deal? Yeah, where's the top? And I obviously
26:43
Speaker 2: it's a much more conservative assets probably not going to
26:46
Speaker 2: come into the mix of what you guys are talking about,
26:48
Speaker 2: but it's just so interesting watching these things going. Oh
26:51
Speaker 2: like this makes sense though, because if we look at
26:55
Speaker 2: it from a zoomed out perspective, when share markets are uncertain,
26:59
Speaker 2: which I would say they are very uncertain of the moment,
27:01
Speaker 2: that doesn't mean they're performing not well. That just means
27:04
Speaker 2: there's not a lot of clarity around what's going on.
27:06
Speaker 2: And I mean Trump is probably a really big driver
27:09
Speaker 2: of this. But when there is uncertainty in the market,
27:14
Speaker 2: people return to things like gold and buying silver. Even
27:17
Speaker 2: silver's going through the roof and I'm like, I didn't
27:20
Speaker 2: think that was making a comeback, But Okay, someone's buying.
27:22
Speaker 2: Someone's buying. It's not me, but someone's buying it, and
27:25
Speaker 2: I am watching, So tell me from a personal perspective,
27:29
Speaker 2: what would you say is your personal long term goal
27:32
Speaker 2: with investing, because you've touched on obviously having this fun
27:35
Speaker 2: share group, and from the way that your mum runs hers,
27:38
Speaker 2: you kind of end up at a cap and then
27:40
Speaker 2: you sell down. Everyone gets a bit of pocket money
27:42
Speaker 2: can do whatever they want with it. You're more on
27:44
Speaker 2: an education journey with that. You then have started dollar
27:47
Speaker 2: cost averaging into the market with your husband, But I
27:50
Speaker 2: feel like your priority was like, are we just making
27:52
Speaker 2: sure that we can get through the next year because
27:54
Speaker 2: I'm going to take maternity leave at some point, Like
27:56
Speaker 2: what's the long term goal with investing for you?
28:00
Speaker 3: Question?
28:01
Speaker 2: Just to make as much as like bi con same,
28:03
Speaker 2: I want to be rich.
28:04
Speaker 3: I've never actually never sat down and thought I want
28:07
Speaker 3: to get X amount I want to get to hear
28:09
Speaker 3: of just kind of falling into wherever I've ended up.
28:12
Speaker 3: But it's hard because my husband and I have our
28:15
Speaker 3: own portfolios, but really everything else, like our bank account,
28:19
Speaker 3: everything's joined. So really we probably need to sit down
28:22
Speaker 3: and think about, Okay, you know, how can we join
28:24
Speaker 3: these two or what are you going to invest in?
28:26
Speaker 3: What am I going to invest in? How are we
28:27
Speaker 3: going to make the most of these things? But I
28:30
Speaker 3: think investing in stuff that I am passionate about, learning
28:33
Speaker 3: about that along the way, going back through my portfolio
28:36
Speaker 3: and just getting rid of anything that I'm not that
28:38
Speaker 3: passionate about or it's dragging me down. But yeah, just
28:41
Speaker 3: being smart about that sort of stuff. But I probably
28:44
Speaker 3: do need to take a more targeted view on where
28:46
Speaker 3: I'm at it.
28:47
Speaker 2: No, that's okay. We don't always have to know. I
28:49
Speaker 2: think just being on the journey is like the start, right, Like,
28:52
Speaker 2: once you're on the journey, it's so much easier to
28:55
Speaker 2: work out where you're going and what you're doing, and
28:57
Speaker 2: nothing is scary anymore. You just need a strategy. And
28:59
Speaker 2: sometimes we just put strategy off because we're like, oh,
29:02
Speaker 2: that can come later. Like I'm just having fun right now.
29:04
Speaker 2: That's fine, as long as we're in the market. We're
29:06
Speaker 2: in the market. My love, you have worked so hard
29:08
Speaker 2: and this is just all so exciting. I feel like
29:11
Speaker 2: you're building up your investment portfolio. You've got your investment portfolio,
29:14
Speaker 2: You've got a really great career. But how are you
29:16
Speaker 2: protecting it? Do you have personal insurances set up? If so? How?
29:20
Speaker 3: If not? Why? Good question? So personal insurances? I had
29:25
Speaker 3: no idea about until one of the girls actually had
29:28
Speaker 3: a presentation at work and shared that with us. We
29:32
Speaker 3: all sat around her computer and rewatched the replay. But
29:35
Speaker 3: basically it was just around ensuring I think the biggest
29:40
Speaker 3: thing at our age just not about life insurance. It's
29:43
Speaker 3: about income insurance and you can if you have a partner,
29:48
Speaker 3: can they support you know, if you have a mortgage
29:51
Speaker 3: or your if you have a kid. All this is
29:55
Speaker 3: actually becoming more and more apparent as we get older
29:57
Speaker 3: and life gets more complex. So on that note, I
30:01
Speaker 3: think working out with your super what it covers and
30:06
Speaker 3: what it doesn't or is there a double up? Are
30:08
Speaker 3: you paying privately and then are you paying for your super?
30:12
Speaker 3: So I have had everything turned off in super, so
30:16
Speaker 3: no cover for any of those.
30:17
Speaker 2: Yeah, giving me anxiety. Why'd you do that?
30:20
Speaker 3: Well? I just thought, you know, I don't need that
30:23
Speaker 3: right now, and that to be honest, I think I
30:25
Speaker 3: made that about a year or more, possibly two years ago,
30:28
Speaker 3: that decision. Haven't checked in on it since. So it's
30:31
Speaker 3: actually this is a good reminder and to everyone else
30:33
Speaker 3: out there to check in on what you you know,
30:37
Speaker 3: where you are at life, and what you in life
30:39
Speaker 3: and what you do need to cover for so since
30:42
Speaker 3: becoming pregnant like that, it just depends on what and
30:46
Speaker 3: getting mortgage like income protection seriously important, so we'll go
30:51
Speaker 3: in and tick that off. Another thing I also learned
30:54
Speaker 3: was that super can you can pay through your super,
30:57
Speaker 3: but you can also pay privately, but you can get
30:59
Speaker 3: your super to pay the private But I think and
31:04
Speaker 3: trauma like trauma is just growing in terms of as
31:08
Speaker 3: we get like burnout.
31:10
Speaker 2: Isn't it crazy to.
31:12
Speaker 3: Hate stress, former climate, all that sort of stuff.
31:14
Speaker 2: I'm obviously wildly passionate about it. And for people who
31:17
Speaker 2: have been following She's on the Money and listening to it,
31:19
Speaker 2: they know how crazy I am about it. But you're
31:21
Speaker 2: so right. But then I also get so stressed when
31:23
Speaker 2: young people like you go, I don't need it right
31:26
Speaker 2: now in this season of my life. But then life happens,
31:29
Speaker 2: and then like you might be playing netball and you
31:31
Speaker 2: get a knee injury or like all these like things
31:33
Speaker 2: that are not that quote deep happen. Then you go
31:36
Speaker 2: to do your assessment to finally get personal insurances and
31:38
Speaker 2: they're like, okay, we'll do this, but we're not covering
31:41
Speaker 2: you for ABCD because you have pre existing conditions, but
31:45
Speaker 2: you just canceled the cover that had no pre existing
31:48
Speaker 2: conditions like exempt, Like oh my god, like if we'd
31:51
Speaker 2: kept that would be in such a better position. But
31:53
Speaker 2: you don't know what you don't know right, like, go, well,
31:55
Speaker 2: why am I paying for something that I don't think
31:57
Speaker 2: I need? And that sounds like a money to get
32:00
Speaker 2: rid of it. Great, I'll have more super in my
32:02
Speaker 2: account like everybody's winning. But it's just not the case.
32:06
Speaker 2: So I know you're going to look into it. I'm
32:08
Speaker 2: going to hook you up with my mate Peel from
32:09
Speaker 2: Skywealth so that you can talk about it properly and
32:12
Speaker 2: get the right insurances. But like, my god, it gives
32:15
Speaker 2: me so much anxiety when people are like, I'm having
32:18
Speaker 2: a baby and I have no insurance. I'm like, so,
32:21
Speaker 2: I guess.
32:22
Speaker 3: So for eleven girls with varying degrees of complex life situations,
32:29
Speaker 3: what would you recommend.
32:31
Speaker 2: For eleven girls? I would recommend going and actually talking
32:35
Speaker 2: to a financial advisor about this. And it's not as
32:37
Speaker 2: expensive as you think it's going to be. Because when
32:41
Speaker 2: I retired as a financial advisor, that sounds so bouchie, right.
32:45
Speaker 2: When I retired as a financial advisor, I divided off
32:49
Speaker 2: all of my clients to different businesses, right, and I
32:51
Speaker 2: had a really varying client base. I had like some
32:54
Speaker 2: ultra high net wealth people where I managed absolutely everything
32:57
Speaker 2: for them. I had some mom and dad investors who
33:00
Speaker 2: we did their investments, we did their super we did
33:02
Speaker 2: their insurances. But then I had a number of people
33:04
Speaker 2: in your age group where you're like, I'm going to
33:06
Speaker 2: run my own investments. I'm all good there, but like,
33:08
Speaker 2: can you just set up my insurances? And feel from Skywell,
33:12
Speaker 2: I feel like I'm just like pumping him up all
33:14
Speaker 2: the time, but like he's genuinely a good egg. He
33:17
Speaker 2: just does insurances. So because you guys are so good
33:21
Speaker 2: at investments and stuff, I wouldn't go see a financial
33:23
Speaker 2: advisor who's holistic because they're going to charge you through
33:26
Speaker 2: the nose. They're going to charge you like five or
33:28
Speaker 2: six thousand dollars, whereas Phil's fees are like five hundred
33:32
Speaker 2: dollars and under to just set it all up for
33:35
Speaker 2: you because he only does insurances. Like, if you want
33:37
Speaker 2: to talk to him about investment, he'd be like, also,
33:38
Speaker 2: do you do an investment advisor? I am a niche.
33:41
Speaker 2: I do this every single day. He has like a
33:44
Speaker 2: team of fifty. Literally, I feel like it's like when
33:47
Speaker 2: you look at I don't know when I'm like just
33:49
Speaker 2: talking about my mate Field, people like, oh, so we
33:51
Speaker 2: did the work independently. I'm like, oh no, he's actually
33:54
Speaker 2: got a really big business and the entire purposes insurances.
33:58
Speaker 2: I would actually recommend them to all go and get
34:00
Speaker 2: individually assessed and all individually talk to Phil, you know what,
34:05
Speaker 2: I'll chat to Feel and be like, can we do
34:06
Speaker 2: a little delio. I've got eleven for you, Like, so
34:10
Speaker 2: let me see what I can do in the background.
34:11
Speaker 2: But I would one thousand percent see.
34:13
Speaker 3: Feel that is so good. Save Victoria at the door,
34:16
Speaker 3: But that would be amazing because yeah, I just think
34:20
Speaker 3: where even if you think that you we.
34:22
Speaker 2: Could run a little webinar for the eleven of you.
34:25
Speaker 2: Wouldn't that be fun? Oh it will be fun for me,
34:27
Speaker 2: Maybe not for everybody else, but maybe we do a webinar.
34:31
Speaker 3: It's also funny like when you when you have a
34:33
Speaker 3: good contact and they can be of so much benefit
34:35
Speaker 3: to other people, Like even just our accountant love him
34:39
Speaker 3: so much and he helped so much help you know
34:41
Speaker 3: text reported in it.
34:43
Speaker 2: But I love it. It's so much I wanted just.
34:44
Speaker 3: To share it and share the love that that would
34:47
Speaker 3: be amazing.
34:47
Speaker 2: All right, let me let me work that out in
34:49
Speaker 2: the background. Tell me, what do you think your best
34:52
Speaker 2: investing habit is.
34:53
Speaker 3: I think best investing habits would be that we care,
34:58
Speaker 3: so we stay curious. We don't pretend like we know
35:02
Speaker 3: it all. That's one thing that you know, us girls
35:04
Speaker 3: all agree on. We're also not afraid to delegate research,
35:08
Speaker 3: so you know, if we don't know something, then can
35:11
Speaker 3: someone look into it? And then we have a vote.
35:15
Speaker 3: So out of our eleven people, if six or more
35:17
Speaker 3: of us are accepting of the proposed stock, when we
35:20
Speaker 3: reach your majority resolution, then nuts. Then we all vote
35:24
Speaker 3: on that, which is yeah, we're all I guess of
35:26
Speaker 3: the same mind. I think, and this might be sexist,
35:29
Speaker 3: but I think we really listen to each other. So
35:32
Speaker 3: as women, you know, past mistakes to the macro news.
35:36
Speaker 3: But in the same vein, we might not back ourselves
35:39
Speaker 3: as much as possibly our male counterparts, which is where
35:43
Speaker 3: the group comes in. So you know, there's, as I
35:46
Speaker 3: said before, lack that pack mentality. We feel confident in
35:48
Speaker 3: doing it and we use our instincts, so we understand Livisa.
35:53
Speaker 3: We might not understand data centers, but that doesn't mean
35:56
Speaker 3: don't invest in data centers. It means can a couple
35:58
Speaker 3: of girls go away and do it a bit of
35:59
Speaker 3: re search on it. Who's feeling most passionate about it?
36:02
Speaker 3: Is this something that we actually want to get into, Great,
36:06
Speaker 3: put it in the chat and let's pick a time
36:08
Speaker 3: that we want to know, buy it, and then we've
36:11
Speaker 3: got a treasurer and then she will execute that stock
36:13
Speaker 3: either at target price or stop.
36:15
Speaker 2: Of course you've got a treasurer. You've got a treasurer.
36:18
Speaker 2: You're making majority resolutions like you guys. I'm pretty sure
36:21
Speaker 2: this is about to become its own country with a parliament,
36:24
Speaker 2: and I'm really excited about it. Can I please join?
36:26
Speaker 2: I'm happy to buy in. I just want to be
36:28
Speaker 2: involved because that sounds really fun. What do you mean
36:30
Speaker 2: a WhatsApp group where you're delegating research into different shares?
36:34
Speaker 2: Girlfriends say less, I'll do it for free, Like, oh,
36:39
Speaker 2: you're living my dream.
36:40
Speaker 3: It covers a lot of things that WhatsApp group, Like
36:43
Speaker 3: this morning it was talking about second wedding dresses for someone.
36:45
Speaker 2: So it's very sorry. That is right up my Alley
36:49
Speaker 2: like sorry, friends who marry the ax and wedding dress
36:52
Speaker 2: content my people. You said before that you think maybe
36:57
Speaker 2: you guys aren't as good at backing yours, and I
37:01
Speaker 2: totally relate to that. Do you think that would be
37:03
Speaker 2: your worst investing habit?
37:05
Speaker 3: Yeah, I would, because we either jump on a trend,
37:09
Speaker 3: so that's not really backing yourself either. You're just sort
37:11
Speaker 3: of going with the flow and our hesitation, you know,
37:16
Speaker 3: like revel or we always bring this sort of stuff
37:20
Speaker 3: up when we're cautious we might you know, have I mean,
37:23
Speaker 3: Pill turned out to be okay, but we brought up
37:26
Speaker 3: Pill with three meetings in a row, and we just thought,
37:28
Speaker 3: are we going to sell this? Are we going to like?
37:30
Speaker 3: What are we doing here? Why are we watching and waiting?
37:32
Speaker 3: But then that is also a tactic in itself, so
37:35
Speaker 3: it's hard. But having the support of each other really
37:40
Speaker 3: and we're all in the same same sort of mindset
37:43
Speaker 3: which is super helpful as well. And at the same time,
37:46
Speaker 3: if someone's really passionate about something, you know, we let
37:49
Speaker 3: them fly like we're they're to you know, go with
37:53
Speaker 3: them if they're if they're really can but we'll also
37:55
Speaker 3: listen if people aren't. If they're ethical issues or personal
37:58
Speaker 3: reasons or an emotional sort of hesitation about something, then
38:02
Speaker 3: we listen to that as well.
38:03
Speaker 2: So there's so much that goes into investing that we
38:07
Speaker 2: don't like talk about on a daily basis. But in
38:10
Speaker 2: a group scenario, you really have to be considerate of
38:12
Speaker 2: because this group could fall apart in two seconds if
38:15
Speaker 2: you guys aren't taking into consideration ethical and moral decisions
38:19
Speaker 2: and even just emotional ones or being like, oh no,
38:21
Speaker 2: that company for X reason gives me their ick, Like
38:25
Speaker 2: you have to respect that in a group situation. I'm
38:28
Speaker 2: really excited for this country that you're building and this
38:30
Speaker 2: just like parliament that you've started to implement, just the
38:34
Speaker 2: fact that you even have a voting system. You're like, oh, yeah,
38:37
Speaker 2: men have more confidence. Sorry, not in comparison to this group.
38:39
Speaker 2: They don't. If men's or this group of women coming,
38:42
Speaker 2: they're running like they're hiding, and I'm obsessed with that energy.
38:46
Speaker 3: It's interesting you say that because a lot of men
38:50
Speaker 3: are or they're interested in this, and they might say
38:53
Speaker 3: that they've got a similar thing going, but they've got
38:56
Speaker 3: a chat or they haven't got any skin in the
38:58
Speaker 3: game together, like there's no.
39:00
Speaker 2: No, they just took shop. I've seen men's group chats
39:04
Speaker 2: I have, like my husband thankfully isn't part of these.
39:07
Speaker 2: I get sent screenshots. Yeah, just bought this. They don't
39:10
Speaker 2: even know what they're talking about. Ninety percent of the
39:12
Speaker 2: time the saw a TikTok and then went off that
39:14
Speaker 2: it actually kills me. But at the same time, I'm like,
39:16
Speaker 2: we'll be fine. Women will be fine. We will absolutely
39:19
Speaker 2: be fine, and we just need to back ourselves more.
39:21
Speaker 2: And this is a very good lesson in that money diarist,
39:24
Speaker 2: I'm obsessed. This is so cool, like your mum's Women
39:27
Speaker 2: in Black to ASX in the City, I am obsessed.
39:29
Speaker 2: I just love this energy and I hope if there
39:33
Speaker 2: are more people doing this in my community. Can you
39:35
Speaker 2: please DM me and let me in on all of
39:37
Speaker 2: your like little secrets and clubs and let us know
39:39
Speaker 2: what's going on, because like, this is the coolest thing
39:42
Speaker 2: in the entire world.
39:43
Speaker 3: Also us too, like we'd love to collaborate with any
39:46
Speaker 3: other investment groups out there or and also for assistance
39:51
Speaker 3: like my mum and her group fortunately did to us.
39:53
Speaker 2: I love that. So what would your final advice be
39:56
Speaker 2: to anyone who's maybe listened to this and been like,
39:58
Speaker 2: I want to invest club, Like, what would you say?
40:02
Speaker 2: Focus on first, focus.
40:04
Speaker 3: On getting it all set up. It's hard, it's not
40:08
Speaker 3: pleasant at the start. You've got to jump through a
40:10
Speaker 3: lot of hoops, but it's definitely worth it. Like the
40:14
Speaker 3: dividends for want of a better word, you'll received from it.
40:17
Speaker 3: It just never ending. Both the support from you know,
40:21
Speaker 3: the other girls or the other people in the group,
40:24
Speaker 3: the knowledge, just the camaraderie around it is as well
40:28
Speaker 3: as the finance. You know, there's plenty of book clubs
40:31
Speaker 3: out there, but where you know, we're making money as
40:35
Speaker 3: we chat and.
40:36
Speaker 2: Have a wine. I'm obsessed. I love it so much.
40:39
Speaker 2: Investing Dirist, thank you so much for joining me. This
40:42
Speaker 2: has been an absolute pleasure and I feel like I've
40:44
Speaker 2: gotten more out of this than maybe even the community listening.
40:47
Speaker 2: I've been like, tell me more, what about this? How
40:48
Speaker 2: does that work? I'm obsessed And if anybody is thinking
40:52
Speaker 2: of making an investing club or has one already, please
40:55
Speaker 2: slide into my DM so that I can match you
40:56
Speaker 2: up with this investing Diarist so you can all talk shop.
40:59
Speaker 3: I love it.
41:00
Speaker 2: And also a very huge thank you to sky Wealth
41:02
Speaker 2: for making this episode possible. I'll chuck a whole heap
41:05
Speaker 2: of information about them, how to get in contact, what
41:07
Speaker 2: they do, how they do it in the show notes
41:09
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41:31
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