Latest / The Curve / Billionaire Beef & the Hidden Cost of Tariffs.

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Billionaire Beef & the Hidden Cost of Tariffs. · The Curve

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Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
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business and stock market too.
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Brought to you by the Curve's research team, that's the latest insights on what's happening
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in the stock market, companies, other money related news so that you can stay educated and
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ahead of the curve.
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You can thank us later for sounding smarter than those finance bros you need to know, Patti.
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Okay, look, we're going to have to speak really fast because we only got half an hour
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to say something.
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We're really quick podcasts.
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I hate when we do this because the podcast is my favourite thing to do.
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I don't know why we ever brush it, you know?
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And it's also like, I put in anxiety and juicing.
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Because if you say something, you've got to chat for like 10 minutes and the podcast is
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not going to be enough.
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You're like, damn it.
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Why did you say that?
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Exactly.
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Oh my gosh.
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Do you like any pants?
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Yeah.
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They're brown.
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Are they brown?
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No.
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Yes.
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Look at me.
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I'm in shorts.
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Look how good they are.
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Do you like them?
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Nice.
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I reckon they're so good.
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You just did the skank leg.
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Stank leg?
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Like a hip-hop dancer.
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Yeah.
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Stop it.
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I always wanted to be good at hip-hop.
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So bad.
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In fact, actually, I think we have to bring out the hip-hop dance.
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Should I play it?
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Like, actually, I'll send it to our producer and later put it to actually include
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because I don't get embarrassed very easily.
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Like, I'm kind of like, oh, whatever.
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I accidentally went to a full on advanced dance class in London.
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Thinking like, oh, how advanced can it be?
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And I got there and I was like, professional dancers.
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And I was just lagging behind in the background.
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It was like, honestly, the most uncoordinated, embarrassing,
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unsexy dancing you've ever seen in your life.
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And then, like, times that by 10 times that by 10.
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It's so bad.
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So bad.
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It's so, like, honestly, I would have run out of there.
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Like, good one you for trying.
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Oh, you have no idea how many times I wanted to leave.
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But I almost sort of would be worse.
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But then, yeah, I was so bad that I thought I'm going to be ruining
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the rest of the dancer's class because they're just going
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to be so distracted by this like incredibly uncoordinated person
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that just cannot for the life of them remember the dance.
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But like, yeah, I feel like the people would be like,
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oh, no, you know, we all were bad at some point at something.
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Do you know what I mean?
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It was always our first time trying something
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and then you get good.
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Whether it's tennis, whether it's in vestiges,
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whether it's go to the beginning class, you know,
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they just don't go full-tit into your advanced class.
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That's like the other day,
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Flower Man went to his first yoga class.
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Oh, my God, good on hand.
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No, no.
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And he turned up.
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Is that because we were like ripping me
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out for being like incredibly unbalanced in our last
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COVID day?
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Probably.
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Anyway, he got there.
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He was like, he's very talkative.
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I was like talking to the other people in the class
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and around, he's like, oh, and the instructors
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like, oh, so we're really for our advanced handstand.
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He'd stand class.
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He was like, what?
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And then he turned to the guy next to me and he's like, oh,
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what class is this?
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And it was advanced headstand.
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Oh, my God.
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I could have got into that.
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And he stayed.
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He stayed in the air.
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To keep it, yeah.
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Oh, shit, yeah, man.
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God, that's good.
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Maybe, maybe, do you know what, Benny Blanco?
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Like, all these actually nice guys
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are starting to get profiled, right?
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Maybe the fuck boy will be gone forever
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and all of a sudden,
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men are going to start just being cool, calm, collected,
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in tune with themselves.
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You know what I'm just saying?
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Yeah, maybe the soft boys coming in.
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I hope so.
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Well, because we're on a time crunch,
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let's jump straight into it, so.
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Can I just say one thing quickly?
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I just got back from being down south
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on like a little family.
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I get away.
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Someone in my family has been having a real shit
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over time lately.
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And I had a real moment on the plane on the way back.
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Thinking about the whole thing.
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So my grandma, who is 86 now,
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but her husband died when she was 44
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and she'd never paid a bill in her life.
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She didn't know anything about money.
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She was so, so separated
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from any of the finances in the family.
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And she just had to figure it out.
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She was like, on her own,
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my granddad died within three months.
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It was like the quickest thing ever.
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And then all of a sudden, she's like, shit, anyway.
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Point of the story is she invested so well.
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And she invested in property.
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She took advice from people around her.
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And anyway, she's now in a position
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where like the other day we were talking about
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someone in our family who's having this really awful time
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and she was like, do you know what?
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Let's just go down and cheer her up.
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Let's go down.
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I'm gonna book the flights.
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She whipped her card out and she bought both of us flights
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down south.
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She booked really beautiful accommodations
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so that we could have like a little cute family time.
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And she was just like, honestly, her words were,
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oh, blow it.
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We only love ones.
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But for her, it was like the freedom of thought.
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It's the ability to pay, yeah.
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A hundred percent, like being in a position
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where you can make a decision to do something beautiful
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for the people that you love.
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And it not be something you have to think twice about.
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I was just like, I really hope one day,
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I am that example for my grandkids, you know?
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It was just like, I was honestly on the plane
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like kind of tearing up just being like,
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God, she's an amazing example.
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And I'm so lucky to have had that.
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There's such a strong woman that is totally
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independent and self-sufficient.
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And she had to learn when there was no curve,
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no financial education.
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She was just totally on her own.
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And I just was like, God, that's cool.
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Go, Granny.
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Love that. Go, Granny.
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I also tried to play her a Candace Bush not episode.
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And she, I was like, Granny, if you listen to our podcast,
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she was like, no, what's that?
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I'm so offended, but also I get it.
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Anyway, sorry, we can move on to stop my ideas.
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I just thought that was like a really cool thing
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to reflect on.
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No, it's true.
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And it's like, it's not only your own money and wealth
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that you're trying to grow and prosper and be independent
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where it's like, money does your right.
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It brings you the freedom to make those decisions,
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to spend money on what you value.
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And if that is your paying for flights to jump down
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to be with a friend or a family that needs you,
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if sending flowers to someone who is sick
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or just needs cheering up, all of that stuff
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comes down to what do you value in terms of?
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And being clever with your money now.
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And also, I think the other thing for me was like,
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it spans generations.
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You know, like the financial knowledge,
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the idea of having money, it is intergenerational.
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And I just think it was like, I was so lucky to be able
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to be there.
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But I wasn't in a position in person that where I was like,
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don't actually do you know what, Granny?
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Don't worry.
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I got this, you know?
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But I, you know, but I thought one day, one day I will.
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And it was just like a cool feeling to be like,
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how cool would that be when?
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You're like, great idea, Granny.
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Great idea, book two.
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You know, book two rooms.
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I'm like, what that kind of comes?
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Yeah.
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Yeah.
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You know, Yolo, get the business class
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like Yolo, get that next year.
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She did.
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I'm a full accommodation.
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Honestly, it was so sweet.
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We went to Millbrook.
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I've never been.
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I thought that I'd go there to, you know,
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maybe get engaged one day, but there I was with my Granny
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and I just thought, this could not be better.
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And I actually thought, maybe the golf guys
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are onto something because this shit is beautiful.
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Oh, yeah.
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Wow.
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Yes, I'm an incredible golf course is around.
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Okay.
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Amazon, there's been a bit of a tit for tat,
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spat, some more big dick energy.
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What if you wanna call it?
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Between Jeff Bezos and Amazon and Donald Trump.
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So, is it weird that I'm into this?
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I know.
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I'm like, yeah, fight billionaires.
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Fight.
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Yeah.
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And we'll just sit there with our popcorn thing.
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Like, oh, this is going to unfold.
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How are these billions going to get thrown around?
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They spearchained.
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So, yeah, yeah.
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So they, Amazon came out saying, look, we're going to put
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the tariff amount on a receipt, you know, on the transaction.
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So everyone can see it when you buy something from Amazon.
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And Trump got really up in arms because the whole thing was
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that Amazon was trying to show customers that, at the end of the day,
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customers end up paying for these tariffs.
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And so Trump didn't like that.
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Yeah, so Trump didn't like that.
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You know, he was like, here's a company that...
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Oh, darling, did you not like it?
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Did you not think that would happen, darling?
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Oh, poor Trump-y.
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Did you think these billionaires would just suck it up
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and it would eat into their fortunes?
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No.
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Oh, god.
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Of course, everything gets passed to the consumer.
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Oh, darling.
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Theresa Dunbridge, yeah.
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That's economics 101.
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Maybe if you had some kind of business bone in your body,
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you would have realized that.
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Sorry.
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We could do half an hour of that, so we should quickly move along.
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Thank you.
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So essentially, Jeff Bezos was like,
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people deserve to know the impact
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that these tariffs are having on their finances
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and deserve to know that they end up paying them.
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And it's not the companies, it's not the country,
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it's not the government, it's the people.
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Since when are Jeff and Trump not buddy-buddy?
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I thought that they were kind of like, you know,
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in a relationship.
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There's been a bit of a fallout.
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There's been a bit of, what do you call it, kind of...
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I see this, I guess.
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Yeah, bit of beef, yeah.
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But I remember seeing a tech talk
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and it was this girl who was buying two triangle bikinis.
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Like, you know, that Australian brand and this.
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Oh, the smallest bikinis of all time.
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Yeah, yeah, yeah.
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Like basically the thing that goes across your bum
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is like, it's just a string.
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Which, and I don't, by the way, I don't mean that.
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And I like, Snobby, it's not, like I have no issue
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with people wearing skinny bikinis.
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It's just more, if I order like an X, X, X out,
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it still doesn't cover like anything.
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Oh, I bought one, I saw all the supermodels in it
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and I was like, I want to buy it.
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And then I was like, oh, they got,
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never wear this again.
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Yeah, it's not, it's not flattering.
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I don't think on like anyone with any form of like curves
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in any area.
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Great brand, love it, love it, love it, love it.
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Yep, just not, just not for me personally.
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But anyway, someone had bought two bikinis.
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I think it was like a thousand US.
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But the total bill was 2000 US dollars.
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And they were like, what?
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And they showed like two bikinis, $1,000.
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Shipping was like, I don't know, $8.
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And then duties and taxes, $1,000.
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Oh, that's genius.
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The terrorists.
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And they were like, what?
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So yeah, these brands are not sucking it up.
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Like a, you know, small companies can't,
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like they have to pass it on.
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I mean, the Amazon's of the world could probably suck it up.
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But so hold on, so sorry, did this girl pay 2000
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and the bikinis got there and then she saw it
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or she got to check out, no, she was got to check out.
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Yeah, she got to check out and was like, oh, I'm so genius.
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So they're adding that all so you can see it before you buy.
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Or like, no, won't be buying that.
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Yeah.
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So anyway, so this is the whole conversation
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is going to lead to inflation.
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Because yes, we might be talking about a bikini,
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but like Amazon, like there's a lot of products
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on there, people actually need, you know, there are sentials.
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We're talking about groceries.
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We're talking about household items, you know,
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things that people genuinely can't just be like,
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oh, I won't buy that.
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So there's, there's got to be inflation
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and happening at a rapid rate in the US sometimes soon.
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Like there's just, the price of these goods
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are going up like so much.
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It just can't not happen.
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Can inflation be somewhat gatecapped?
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Like is there a world in which the US is drowning
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in inflation and we're okay?
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Or is it just naturally because we're so intertwined
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with the US economy, it's going to go everywhere?
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Well, there's talk of like in the short term,
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like Europe, Asia and like countries outside of the US
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will actually have, you know, could have deflation
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or it would deflationary pressure,
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which means that prices stay low, low-ish,
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but don't actually go backwards.
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And that's because all these goods
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that now people aren't buying in the US
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are coming to the rest of the world.
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So we're almost getting flooded with the supply of stuff.
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So therefore prices are kept quite low.
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But it's a really good question.
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And like over the long term,
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it probably could be contained to a point
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but there's so much, I guess, flow on a fix
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of what inflation itself does to like company profits
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and therefore the stock market
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and therefore, you know, our investments.
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And so there's so many, I guess, interrelativeness
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when it comes to economics and business.
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And so we should do.
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We should write a children's book about economics
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and do that and it's like, inflation doesn't like
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and you know, like have it as a real dumb-down version
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of how it's all connected.
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One thing I was thinking when you were talking bit
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was like, okay, so let's say that inflation
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does go through the growth.
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Having your money in the bank is really even worse
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when inflation is high.
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Like it's really bad.
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And for anyone that's not sure about that basically,
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it's just the concept that inflation means
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every year what you can buy, let's say you have $100
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and you wanted to buy a lamp.
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The next year, the lamp will be say,
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if inflation's at 20%, $120.
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So the $100 you have in the bank,
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you still have the $100.
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It's just that you can't buy the same thing with it
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because that thing has gone up in price.
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So I was just thinking if the US economy is totally
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on the floor, people don't want to invest
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in the stock market because Donald Trump is terrifying.
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Then where would everyone put their money if they were like,
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okay, well, I know I shouldn't keep it in the bank.
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What other investments I wonder would do really well?
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You know, maybe gold would do really well.
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Or maybe Bitcoin will keep going.
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Maybe there'll be, it's just an interesting thing
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to think about because yeah, there'll be people who are like,
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oh, well, I know that I shouldn't keep it in the bank,
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but absolutely fucking investing in the stock market
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because Donald Trump or, you know?
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And there's companies that do do well
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when inflation is high.
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Oh, this is what we're talking about in our workshop.
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Tomorrow. Yes.
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For anyone that's listening to this,
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we've put the workshop link to register
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in the podcast show notes
14:58
because that's exactly what we want to talk about.
15:00
Like what sort of things are we investing in?
15:02
What have we been speaking about amongst the club
15:05
and where is everything at?
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And how can you make the most of what's going on in the market?
15:10
Because there are really good things to invest in.
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It's just that some things do well in this environment
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and some don't and like obviously knowing that
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is such a head start.
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And also remember when we have high inflation,
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the way that we bring it down is interest rates.
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Yes.
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Yeah, interest rates going up and inflation comes down.
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So that means...
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Yeah, it's a seesaw.
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Yeah, it is a seesaw.
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So interest rates being high
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mean that it's harder or scarier to be borrowing money.
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Oh shit.
15:42
So the housing market could have a wobble again
15:45
because of what we're already not doing well.
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Oh God.
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Remember we were talking about the US?
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Oh true.
15:53
Yeah, we're talking about the US.
15:54
So yes, inflation might get a bit out of control.
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They'll increase interest rates
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and other countries might not have to do anything.
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And then that'll kind of keep their inflation under control
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but they'll have high interest rates.
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So there's lots of levers they could pull
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but it's all high inflation is never good.
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So you want it in that kind of two to three percent growth is good.
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You know, slow bit steady.
16:18
The Curve Investing Club is the world's first digital
16:22
investing club for women to build
16:24
wealth a place where industry experts like Victoria
16:27
and beginners join forces to share knowledge,
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swap ideas and make money through investing.
16:34
If you're listening to this podcast,
16:36
it's probably because you know you can't actually save
16:39
your way to being a millionaire
16:40
but you can actually invest your way there.
16:43
And the whole reason that the Curve exists
16:46
and the reason that we created the Investing Club
16:48
is because we wholeheartedly believe
16:50
that there is power in community
16:53
and that the best investing ideas actually come when you collaborate
16:56
and you share with each other.
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And so the whole point of the club is to bring your friends,
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your mum, random people you meet on the street
17:03
and actually together have strength in numbers
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when it comes to investing for our future.
17:08
So if you would like to find out more
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and how you can join the club,
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you can find details and the podcast show notes.
17:14
And some other good news.
17:15
So remember last Curve Weekly,
17:18
we spoke about petrol prices and oil prices.
17:22
Yes.
17:23
Petrol's coming down.
17:24
There's going to be less demand for oil
17:26
because there's uncertainty in the world.
17:28
You know, think of less things moving around the world,
17:31
less products, less goods, less logistics, less oil.
17:36
All of that, does that make sense?
17:38
Mm-hmm, mm-hmm, mm-hmm.
17:41
Sorry, no, there's just like a little flea,
17:42
like not a flea, like a little fruit flying around my head.
17:45
I was like, what are you doing?
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No, sorry.
17:48
This looks so weird.
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It was like following me around my head.
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It's like, anyway.
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BP, BP is having an absolute shitter.
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BP shall exonmobile, she's wrong.
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Like the four biggest oil companies
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are reporting their results this week.
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And low oil prices, low petrol prices,
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are really bad for them.
18:11
Shane and I, thank you for saying this.
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And hindsight, when we were talking about that,
18:18
we should have taken a moment to be like, okay,
18:20
there is this thing playing out in the world
18:24
of oil prices going down, you know,
18:27
who is this going to be positive and negative for?
18:28
Like, this is how we should be thinking.
18:31
So fast forward to this week.
18:32
And it's like, oh, this is,
18:34
this is who is going to be negatively impacted.
18:38
BP, she's wrong, exonmobile, and she'll.
18:41
But anyway, BP's been an absolute shitter for a while.
18:44
It's had this active investor come on board.
18:47
So this is when an investor comes in,
18:49
buys a whole lot of shares,
18:50
and just tries to do a good job
18:53
at turning the business around essentially.
18:55
So it would be like, let's just imagine,
18:58
it would be like John Key deciding that he can do
19:01
a much better job of the curve.
19:02
So he tries to buy us.
19:04
John Key.
19:05
So he knows it's going to be easier
19:07
under his inexperienced doctor.
19:10
I don't know why that came to mind.
19:13
But it would be like him being like,
19:14
the curve girls don't know what they're doing.
19:16
And then he comes in and he buys 50%.
19:19
And then he's like, I want to get on the podcast actually.
19:21
I'm going to be hosting a new episode every week.
19:23
And we're going to be talking about you should be talking
19:26
about politics.
19:27
You should be, you know, because they own heaps of business,
19:30
which means that they can dictate what the business does.
19:33
And this is why when business is a private,
19:36
it's much, much, much harder to do that.
19:39
You know, because you can't control who buys your stock
19:42
when you're a public company, exactly.
19:43
So you can see this little person buying shares,
19:46
getting bigger and bigger,
19:48
and then you kind of don't notice them until they're a bit too big
19:50
and you're like, oh gosh.
19:52
Okay, now this person's bought a lot of stock.
19:54
What are they going to do?
19:55
You know, and then anyway, they can demand a seat on the board
19:58
which can really bring about change.
19:59
They could fire the seat on it.
20:01
There's so many things you can do
20:02
once you have a big enough she holding.
20:04
This is also why companies wear the founder
20:10
or the CEO own a lot of stock is actually quite good
20:15
because there's no risk of someone doing this.
20:17
Because they can veto the thing.
20:19
So they're like, they're in control of the big decisions.
20:23
Yeah, so if a founder owned like 10%, that's still good,
20:27
but you know, there's still 90% of the shares there
20:30
that someone could buy and kind of take control of over.
20:35
Whereas if they own like 60%, they've got a majority.
20:38
So this is why, yeah, then it's kind of different
20:41
between public and private companies as well as that public.
20:44
You are open to the public.
20:46
Your shares are available with public.
20:48
Anyway, so there is an active investor
20:50
that's been buying shares and BP being like,
20:52
you guys are doing an absolute shit job.
20:54
I can do better.
20:55
And people are getting kind of excited
20:57
because this company and this investor
20:59
have done this many times before
21:00
and actually turned around businesses.
21:02
So Elliott management.
21:04
So they have a very, this is kind of their MO.
21:07
Do you know what I mean?
21:08
They are active investors.
21:09
They buy large stakes.
21:10
They turn them around.
21:11
Oh, absolute Lancers.
21:13
I'm sorry, but you must be so arrogant to be like,
21:17
we're just going to keep buying you.
21:18
We're going to keep buying you.
21:19
And now we're going to control you.
21:21
Yeah.
21:22
And we're going to grow your business
21:25
and then we're going to sell it.
21:26
And then we're going to make lots of money.
21:28
Yeah.
21:29
Wow.
21:30
It's kind of what investing is just not the activeness.
21:33
Do you know what I mean?
21:33
Like you're buying shares in a company
21:37
with the expectation that just management will do a good job.
21:41
Whereas this is like, yeah, we've got the expertise,
21:44
we can do a bit of job.
21:45
But it's like trying to buy yourself into a job
21:49
is what you're doing.
21:50
Yeah.
21:50
And like publicly too.
21:53
Yeah.
21:54
Can you imagine, surely it's like 99% guys
21:57
that do active investing in this way, right?
21:59
Well, it's 99% guys in the finance industry.
22:02
So yeah.
22:02
But it's kind of like if you buy a small amount of shares
22:07
and you invest in something, it doesn't quite do well.
22:09
You can kind of be like, oops, sell them, move on.
22:12
Whereas when you own like, oh, true.
22:14
Yeah, it is very public.
22:16
And also you're kind of in there.
22:19
You know, you've got to make sure
22:20
that you're picking the right companies to do this too,
22:22
because how embarrassing if you fail.
22:25
Exactly.
22:26
Anyway, BP has reduced their share repurchase program.
22:31
So they remember when a company has a share buyback,
22:35
that's it buying its own shares.
22:37
So it's like, you know what?
22:38
Our business is amazing.
22:39
It's going to do so well in the future.
22:40
We want to own more of our own shares.
22:43
So the opposite of that is when you're like, oh, actually,
22:48
okay, we take us, take us now.
22:51
Yeah.
22:51
And so they're kind of reversing, reversing that,
22:54
which is not a good sign.
22:56
And it's all because they've realized
22:58
they don't have the money on the balance sheet.
23:00
So they don't have enough cash.
23:01
This is the best news you've ever brought to the curve weekly.
23:04
They're like, shit, shit, shit, shit, shit.
23:06
And now they've got this act of investor.
23:07
And then anyway, the CEO, everyone's waiting
23:10
on the CEO to turn around the business.
23:12
The cash is running out.
23:13
You've now got this act of investor.
23:15
So you're kind of, you're kind of running out of time, but.
23:19
Oh, no, but hold on.
23:20
Do we, we don't, do we want the sector to take over?
23:23
Because I would quite like it to keep going down the toilet.
23:26
Do we think the actor investor might do a good job?
23:28
It depends what they're, what they're willing to change
23:30
about the business.
23:31
If it is to kind of accelerate its climate change
23:34
and initiatives or introduce more green projects
23:39
and things like that, then I'm all for it.
23:41
If it is to keep going with producing as much oil
23:44
as they can and everything over the world, then I'm not for it.
23:47
Oh god, okay, watch this space.
23:49
Interesting.
23:51
I'm so happy with my outfit.
23:52
Look, I know this is, I just, I literally just put them on
23:55
just before this.
23:56
And I just keep looking down at what I'm only thinking.
23:59
Yeah.
24:00
I look cool.
24:01
I look cool to be at home doing a podcast on a Thursday night.
24:06
Oh, I've wanted track pants like this for so long.
24:08
I just love them.
24:09
Are they any of those ones?
24:11
Yeah.
24:11
Yeah, nice.
24:12
Yeah.
24:14
Oh, yeah, yeah, I've got green ones.
24:16
I've got the green ones.
24:17
Yeah, yeah, yeah, yeah, we should, we should do the same one time.
24:20
We should actually do a series because we've got so many clothes
24:23
that are similar.
24:24
Oh, yeah.
24:25
Oh, yeah.
24:26
Oh, yeah.
24:27
That's actually so funny.
24:29
Yeah.
24:30
Oh, sorry.
24:31
I love it.
24:32
Anything they don't get on board with.
24:34
Yeah.
24:35
Hey, speaking of flights, we're actually in a bit of an airline
24:38
recession, which I am all here for, yep.
24:42
What do you mean?
24:43
Because I'm getting heaps of emails being like, we're on sale.
24:46
We're on sale.
24:47
We're on sale.
24:48
Yeah.
24:49
For all the airlines.
24:50
Is that what this is about?
24:51
Exactly.
24:52
Exactly.
24:53
Exactly.
24:54
Exactly.
24:55
Exactly.
24:56
Yeah.
24:57
So when we talk about inflation, there is, we talk about this measure called CPI, which
25:03
is the consumer price index.
25:05
And that's how it's measured.
25:06
That's like the official measure.
25:07
Within that, it tracks like all these different categories or industries.
25:12
So it tracks like groceries, petrol, electricity, you know, like all these things that make
25:17
up the overall inflation.
25:19
One of those is, is airfares.
25:22
And within all those categories, airfares are the only, one of the only categories that's
25:31
dropped over the last 15 years.
25:34
So everything else has gone up and up and up and up and up and up and up and up.
25:37
And airlines is the only thing that's fallen.
25:40
So this is what you, this is like what you used to talk about in our first ever curve events.
25:45
And you'd be like structural growth industries.
25:48
Yes.
25:49
Structural growth trends.
25:50
And I was always like, what are those words?
25:52
Please make it more simple.
25:54
But that is that, right?
25:55
So it's like, the airline is heading in the same direction as the newspaper.
25:59
We are trending out of fashion.
26:01
Yeah.
26:02
It's going, what is that when you go like this on a plane?
26:05
Crashing?
26:06
Crashing ending?
26:07
Yeah.
26:08
Crashing ending.
26:09
Yeah.
26:10
Diving.
26:11
Yeah.
26:12
It's like diving down.
26:13
So over the last 15 years, like on average, the prices have gone up 50 percent, 5.0.
26:19
You know, if we look at 15 years ago to now, CPI, that official measure has gone up by 50 percent.
26:26
And airlines within that have gone down 4 percent.
26:29
So.
26:30
But hold on, is that the price of a flight or is that airlines as a company and the value
26:35
of the business?
26:36
Airfares.
26:37
Airfares have gotten so much more expensive.
26:39
Well, this is, I know, I was like reading this.
26:41
I was like bullshit.
26:42
Bullshit.
26:43
That's not true at all.
26:44
Because if you think about flying to the UK from New Zealand, it used to be like $1200
26:47
return.
26:48
And it's now like, God, you'd be lucky to get it for 5,000 return.
26:52
So this is all because 15 years ago, we didn't have nearly as many kind of low cost carriers
26:59
that we do.
27:01
So even though there's still the expensive ones, which are probably still, you know, expensive
27:05
and price, there's been a lot of a huge introduction in these low cost carriers.
27:10
So that, like, brings, keeps bringing the price down.
27:13
So basically there's, there's flights that are on the ground in terms of prices.
27:17
So yes, there are expensive flights, but if you search and you find a 50 hour flight
27:22
from New Zealand to London, you could get a cheaper one, whereas that's what's bringing
27:26
there.
27:27
Okay.
27:28
Yeah.
27:29
And so it's like competition is really, really good for consumers, for the airline industry,
27:34
any industry competition is great because it keeps companies, you know, price competitive,
27:39
which is awesome.
27:41
But yeah, I was just like, so when we complain about these super expensive ear fears, if you
27:46
actually bring up the facts, the prices have been coming down over the last 15 years.
27:51
So we should shut up.
27:53
I'm still not 100% convinced on that, but no, I know.
27:56
Well, when you don't pay for your own flights, then you wouldn't know.
27:59
That's true.
28:00
That's true.
28:01
That's true.
28:03
Very true.
28:04
Actually, actually, you're right, our flights to Queensland weren't that expensive.
28:07
It was probably 450 return, which is super cheap, I reckon, for New Zealand, like domestic
28:13
flights here are so expensive.
28:15
So expensive.
28:16
Well, it's also again, there's a lack of, there's a lack of competition, you know, like
28:22
there's only two carriers in New Zealand.
28:25
If you had got to the US, there's like hundreds, so you know, they have to be really, really
28:30
price competitive.
28:31
So it's like when we're talking about the big tech companies and how much they're like
28:35
not leaving little players, you know, thrive and survive in terms of companies and like,
28:41
you know, they're stifling the competition.
28:43
It's all because of that.
28:44
It means that there is just very little price competition, and therefore we just have to
28:50
pay the higher prices.
28:51
So it's got it.
28:53
Mmm.
28:54
It's like my fertility.
28:55
It's like getting your eggs done, because there's like one or two places.
28:59
So they're very, very expensive, but if you go to Athens, you know, it's Chabers
29:05
Chat.
29:06
So don't live in the arse end of the world of New Zealand.
29:11
But we've got pretty waterfalls, you know, and rolling green hills.
29:16
We do.
29:17
I'm being a bitch.
29:18
That we can frolic in because we won't be able to afford to fly anywhere.
29:23
Yeah.
29:25
Any last minute, you know, like things you'd like to just quickly whip on out, any quick
29:29
ones?
29:30
Yes.
29:31
One key thing is it is reporting season again.
29:35
Lots of companies reporting results, which means a stock market and you'll probably see
29:38
share prices in your investments jumping around a bit.
29:42
It's natural.
29:43
It happens every, it happens four times a year with US companies.
29:48
But one thing we are really seeing right now is the lack of confidence that management
29:54
teams have in the future of their business.
29:57
So we're seeing it come through with like general motors, airlines, Snapchat, UPS, the
30:04
parcel service.
30:05
We're seeing, yeah, a lot of companies in a lot of different industries coming out
30:09
saying, well, the world is so uncertain, we can't actually give you an indication of
30:14
what we think that our profits will be next quarter or next year.
30:18
This spooks a lot of people when a company, you know, when companies consistently give
30:23
regular guidance and regular visibility to investors of the future of their business.
30:27
And now they can't.
30:29
It's what you call when a company suspends guidance.
30:31
So they just say, we're not going to say anything about the future.
30:35
Oh, that's so interesting.
30:36
It gives investors a real tough time of how they are supposed to pick.
30:41
It's like someone saying, did you chat on your wife and you're like, no comment and
30:44
everyone's like, oh, well, you definitely did.
30:47
Yeah, whereas if it's like, did you chat on your wife, I may have, or even know, or
30:53
know I didn't know, like if you're saying nothing, it's almost like you just expect
30:57
worse case scenario, don't you?
30:59
Yeah, but totally, yeah, exactly.
31:01
It's, it is the worst.
31:02
If you're suspending guidance, like everybody did drink, because nobody knew what the future
31:08
was look like and what the stock market did then.
31:10
So it is, yeah, very interesting to see.
31:14
So the last thing just to mention, I know I've already said it once, but this is going
31:18
to be really fun.
31:19
And we did it like a couple of weeks ago, our workshop, surprisingly hilarious, wasn't
31:24
it?
31:25
It was so much fun.
31:26
Yeah.
31:27
And there was like hundreds of people there.
31:28
Who knew?
31:29
Investing could be fun.
31:30
Well, it was just like, I don't know, at least surprise me.
31:32
We did a lot of like research and delivering of news and info and like things that would
31:36
help people invest in the current environment, because yeah, I mean, we saw such a spike
31:42
in people wanting to join the club, which is epic.
31:44
And then we saw this huge spike of people wanting to come to workshops.
31:47
So we're going to do another one.
31:48
So for anyone, even if you're new to investing, please come along.
31:52
It'll be really fun and interesting.
31:53
Yeah.
31:54
And we've put the details in the show notes, the podcast.
31:58
Thank you so much for listening to the Curve Weekly.
32:00
Make sure you hit the subscribe button to stay up to date with all the many business
32:03
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32:05
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32:09
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32:19
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32:20
And see you next Monday.
32:21
Bye.
32:22
Bye.
32:23
See you next Tuesday.
32:24
Wow.
32:25
See you next Tuesday.
32:26
I mean, Monday.
32:27
No, actually though, new episodes out every Tuesday.
32:35
Okay, quickly, the Curve was created to empower and educate you about investing, but we are
32:41
not financial advisors.
32:43
Our platform exists for educational purposes only and it doesn't provide personalized investing
32:47
advice for your individual needs and should not be relied upon to make an investment or
32:51
financial decision.
32:52
And always remember to do your own research before making any investment or financial
32:56
decision.
32:57
We're here for any knowledge and support you need, but the final call is always yours.
33:01
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33:03
You got this.
33:04
Yeah, we know you got this.