Latest / The Curve / TCW75: Gen Z are moving markets + roaring kitty makes a comeback.

Transcript

TCW75: Gen Z are moving markets + roaring kitty makes a comeback. · The Curve

• 0:00
  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the money,
• 0:06
  business and stock market tea. Everyone should experience for us at least once in their lives
• 0:10
  and Annie shouldn't miss out just because she can't afford it. Help me, I'm poor.
• 0:14
  Hi Sophie. Hi Vicki. Vicki? Oh, I know. I hate Vicki too. Sorry, I shouldn't have done that.
• 0:21
  I feel like someone from accounts, you know Vicki. Vicki from accounts or something? I don't know.
• 0:26
  I don't mean there's probably so many cool Vicki's. No, I totally, there is, and I know many of them,
• 0:31
  I just, I think you're not a Vicki when I was younger and I've just grown up.
• 0:38
  But I love Vicki. Vicki is so fun to say. But came over for dinner last night. It was really
• 0:44
  cute. We haven't really done because we've spent so much effort and time together. We don't often
• 0:51
  hang out in the weekends anymore. And it was so nice. Like it was so cute. It was. Your flatmates
• 0:56
  are lovely. Aren't they gorgeous? I know. Lots of loves. It's quite hard, I think, when you get to
• 1:02
  your early 30s to be living with people in the sense that a lot of people are either like
• 1:08
  married, have kids or like don't want to live with others. They're such cool people. And it's
• 1:13
  if I was to say I live with such people, people are like, what? I'm like, no, but it's like,
• 1:17
  firstly, it's a massive house, but secondly, everyone's like so,
• 1:22
  it can't just sounds like I'm giving like a high school report card, but like just such cool people.
• 1:28
  Like I think if you were living in a group of people, it could definitely go wrong and not be great.
• 1:33
  But I've hit the jackpot. I'm very lucky. It's so funny. I turned up and then like there was two
• 1:37
  people there and then someone else came from upstairs. Then another person came from upstairs.
• 1:42
  Another person, I was like, how many people? Is there another seven people?
• 1:47
  Is someone else just going to come from upstairs? It was quite funny.
• 1:52
  What did you think of my cooking? Delicious, lovely. Absolutely, lovely.
• 1:56
  So one is like, I'm never eating it again. Ten would be like the best move ever had. Where was I
• 2:02
  sitting on the spectrum? Are you an eight? Holy shit. You were delicious. I spent the whole
• 2:10
  of Sunday preparing, so that's good. I was delicious. Oh my god, I'm so glad.
• 2:17
  So the thing with our house is that, and this is another mess perk, I think, particularly
• 2:22
  actually financially, living with other people. So we do cooking rosters, which I've never had before
• 2:27
  in a flip. I don't know why, but we basically, someone cooks for like four nights to the way you get
• 2:33
  a beautiful like home cooked meal. So you cook like once a week. But it's so good because it means
• 2:40
  firstly, you only buy groceries once a week, so you're not having to go to the supermarket all the
• 2:43
  time. Yeah. But also, like if you're not home for dinner, you can just have it for your lunch
• 2:47
  the next day, which is so dreamy. But I think it's quite a good money saver because cooking
• 2:51
  for more people is way better than cooking for yourself. Eric and I spend more money than I would
• 2:57
  if I was going out for dinner. I just cook once and then have leftovers. Like I still cook for
• 3:03
  like two or three people, but just who are you cooking for? Oh, no, life's self. Yeah, cook once,
• 3:09
  eat three times, kind of thing. Yeah. Yeah. Yeah. Can you imagine having kids and having to cook?
• 3:15
  We were talking about this at dinner last night. Like you spend all day cooking them for
• 3:18
  it. And they're like, I don't want it. And they chuck them all for it. I don't like these fingers
• 3:22
  anymore. It's like you did yesterday, you know, fish fungus, Joanna. Joanna? I wouldn't go in
• 3:30
  to Joanna. No, I like the name Joe, but anyway, how was your weekend? What else did you do?
• 3:36
  I had a very chilled weekend, which was nice. After class, I needed a little money, reset,
• 3:42
  body reset, all of that. Yeah, it was delightful. What has been happening in the world?
• 3:51
  Oh, my goodness. Oh, my god. Has hate been happening? Well, well, yes, a lot. Really?
• 3:57
  A lot. What do I need to do? I need to put a lot like alerts on. Do I need to know the
• 4:01
  shit? Well, do you know we've got a new prime minister, so please tell me to. Yeah, you know, I do.
• 4:06
  Oh, thank goodness. But I have, but I don't know how this, like, I'd love to hear a bit of how this
• 4:12
  relates to money and the economy and everything. Yeah. So we in the UK have a new prime minister.
• 4:19
  There's been 14 years of conservative party rule. And then now Labour has taken over.
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  And this has been the biggest landslide victory in 200 years. So so the Labour has won
• 4:33
  against the conservative rule for the biggest win in 200 years, which is crazy. Isn't it kind of
• 4:41
  normally, I mean, I don't, this is just New Zealand, but often it swaps. You know, like 14 years
• 4:45
  is a long time to have the same party in government, isn't it? Exactly. Yeah. And I mean,
• 4:52
  they've had a pretty, it's been a pretty terrible run. They've had like, I think it's,
• 4:57
  oh, this is so many cameos like, like, yeah, the amount of people. Yeah, Lizzy was there
• 5:03
  for like 40, eight hours. Yeah, yeah. But they've also had a lot going on. Like I can, I can see
• 5:09
  why people are frustrated. They've had bricks it. They've had cost of living crisis. They've had
• 5:14
  COVID. They've had you throw in like Ukraine war and the UK's involvement with that. You don't,
• 5:20
  you think the world that's just going to keep happening. It's kind of like that's part and
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  parcel of, I need to stop talking like, yeah, that's your word. Part and parcel. But you notice,
• 5:28
  it's like, the world is a complex place. Like, what do we think is going to happen? It's just
• 5:32
  going to be sunshine and rainbows and it's going to be an easy, like, yeah, I don't think
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  necessarily. No, that's why I love living in a democracy where you can be like, actually, no,
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  you didn't navigate us well through that or where now the economy is now in a shitter position.
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  And I want a new leader that might be able to get the economy out of it because I am being
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  impacted. I can't afford things. But not just the economy. Like, I think, I mean, I know that
• 5:54
  this is obviously a money podcast, but like, yeah, I think that that's the biggest
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  challenge of all is in it, like people economy, planet, like really being able to balance all
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  of the important things and not be too heavily leaned on one or the other, which is difficult
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  because everyone also has the things that they want the government to focus on. So anyway, sorry,
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  so what's it? So in baseline. Yeah, so the biggest victory in over 200 years, like it's insane,
• 6:22
  like how much they lost by anyway, what does this all mean for the stock market? Well, a lot of
• 6:30
  politicians actually like to take credit for rising stocks and, you know, they're like, when I'm in
• 6:35
  power, it was, it went up this much and blah, blah, blah, blah. The really only important thing
• 6:40
  is that stock market and stock prices are a flexion of company profits. So it's all around how
• 6:48
  governments are going to impact company profits really in terms of how it's going to affect the
• 6:52
  stock market. I'm not saying all their policies should be focused on that, but in terms of how
• 6:57
  a political party can impact the stock market, where we need to look at how it will impact
• 7:03
  companies, specifically. Do you know what I'd love that? I'd love to get some of those
• 7:08
  of correspondents to, yeah, or like just in politics, like I think it would be really interesting
• 7:12
  to dive deeper into this because there's so much to it. Oh, definitely. And I think the key thing
• 7:18
  is markets hate uncertainty. You can't forecast what a company will do, what an economy will do,
• 7:26
  what companies will be profitable, anything like that, if you've got an uncertain landscape,
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  you're navigating. If we take COVID, for example, no one knew what was happening,
• 7:36
  everyone was freaking out, what does this mean for the future? In markets, nose-dived, they took,
• 7:41
  you know, one of the biggest hits that I've seen in my lifetime. And so that was all around the
• 7:46
  world was uncertain. And so when it comes to politics, if there's a clear leader in terms of who's
• 7:53
  going to win this race, that tends to be fine for the stock market because people can factor in,
• 7:57
  okay, that means these policies are going to come into place, that means we're going to have this
• 8:01
  government leading us, this party leading us. I can factor that in and I can see the future,
• 8:07
  it's not uncertain. If we look at France, for example, that's pretty much tied between,
• 8:13
  like they don't really know who's going to win in terms of, and probably by the time it's podcast
• 8:17
  comes out, I'll probably know who's going to win, but in terms of left, right, and center,
• 8:22
  it's all kind of a gambler who's going to win that. It's so uncertain, and their stock market
• 8:28
  is done terribly. So it's all around uncertainty. And I think this is also a really good example in
• 8:33
  the US, is that we've got Trump and we've also got Biden, but these question marks around Biden
• 8:39
  and whether he's fit to run and all of that. So that's creating uncertainty. So it's all around
• 8:45
  uncertainty. It's not really around who wins or who doesn't.
• 8:49
  Well, I just point out there's also uncertainty around Trump.
• 8:53
  You know, I definitely know, definitely. Yeah. I was like, I know that's not what you were
• 8:57
  meaning, but it's 100%. Yeah. Okay. So it's a way that we can look at this, like when there's
• 9:04
  elections happening, when these big shakeups, when government could potentially be shifting or
• 9:09
  staying the same, if you're invested in the stock market to expect turbulence, it's like everyone
• 9:14
  will put your seatbelt on. This is a short term little we're going through a rain cloud right
• 9:19
  now. No one panic. You know, it's like don't don't look at your stocks or investment portfolio.
• 9:25
  If it's down heaps and be like panic station, it's because what is happening in the political
• 9:31
  world is being reflected in the economy. And in the UK, stocks actually rose when labor. Wow.
• 9:39
  And because it's removed even more uncertainty because now they're in. Cool. Yeah. And the pound,
• 9:43
  so the British pound, it's biggest winning streak in four years. So people are really positive
• 9:49
  about labor getting in, which is, which is interesting. So I mean, their policies, for example,
• 9:55
  you're reducing trade barriers, post Brexit, so people can trade more easily and also wanting to
• 10:02
  get the economy back into shape and fix the NHS, which personally I feel is I've had to deal with
• 10:08
  the NHS and it's an absolute disaster. There's about seven people. Really? I've had the most
• 10:12
  amazing experience at the NHS. There's seven million people waiting for services on the NHS,
• 10:17
  which is yeah, I had, I had an appointment booked in and I got cancelled because of a strike.
• 10:22
  And I was like, imagine if that was life-threatening. Thank goodness it wasn't, but like anyway,
• 10:27
  we could complain to the cows come home on the NHS. Can we just pause for one second? I have a
• 10:32
  really good addition to this podcast. Go for it. My gorgeous flatmate works as a servant and I'd
• 10:39
  love to just get like a quick little sound bite from her. Is that okay? Yeah. Give me two
• 10:43
  seconds. I've just been upstairs. She's not allowed. Well, she was kind of like, to be honest,
• 10:48
  I probably shouldn't and I also, to be fair, I think I just sprung it on her. Hey, do you want
• 10:52
  to be on the podcast? She's like, aha, I probably shouldn't. What were you going to get hurt?
• 10:57
  Well, she's just like incredibly knowledgeable about what's happening in with politics, what's
• 11:03
  happened with Brexit, how it's affected business, like she's just so, so clever and I feel like
• 11:10
  she's a wealth of knowledge that we would all benefit from learning from. But let's, I think
• 11:16
  it would be really amazing if there's someone either in the UK and New Zealand, anyone in our
• 11:20
  community that's, whether it be passionate about being educated with politics and how it
• 11:25
  affects the economy or anything, if you're listening, you're like, oh, I reckon I could add a
• 11:29
  two cents and we'd love to have from you just send us a message. No, I think that's a great idea
• 11:34
  because that's all, it is all interrelated in terms of the economy is doing shit, people aren't
• 11:39
  spending, companies are doing shit, then the stock market does shit. So it's like, yeah. It's just so
• 11:44
  interesting because I never really realised how all of these things that since we've started the
• 11:49
  curve, I've started to realise how and to connect everything is one of those that I didn't quite
• 11:54
  understand and still probably don't know anywhere near enough about is how much
• 11:59
  who's in power affects, not only the economy, but then what's in our wallets and it's such a
• 12:05
  yeah, there's a stock market side of it, but there's also like taxes and you know there might be
• 12:10
  health care benefits and changes that impact you positively or negative that there's so many,
• 12:15
  it's so money related on and all aspects not just investing. It would be quite cool eventually
• 12:20
  to get to a place where we had almost like a go to person that could explain particularly when
• 12:25
  it comes to the economy, but with all of the different parties and policies and everything,
• 12:30
  so that we can all understand and make really educated decisions because I think it's similar to
• 12:35
  money politics like it's there's probably also people people in New Zealand who are like, I don't
• 12:40
  care, I don't care about you care. No, not just the UK, I mean globally, I just mean actually
• 12:46
  politics in general, I don't even mean necessarily what's happening with France or the UK,
• 12:50
  I just think it's one of those things unless you know enough about it to enter the conversation,
• 12:54
  sometimes you feel a bit silly, like last night at dinner when we were talking about it,
• 12:58
  I just don't know enough to participate and I think I would really like to.
• 13:03
  Yeah, I think it also comes down to like finding news websites or news publications that you enjoy
• 13:09
  reading like the Curve Weekly, it's a plug. If anyone doesn't get that, it's our email,
• 13:14
  you can, we'll put a link in our show notes, but that does a whole lot of research and sort of
• 13:19
  like pulls out the main things we should know, so that's just talking about. Like I feel lucky that
• 13:24
  my job, I have to research and keep up to what's going on, like every morning I read like
• 13:29
  five or six different publications, you know, like it's like, if you have time for that,
• 13:34
  Vic is working 7.30 a.m this morning until 11 p.m. tonight. I do it on my walk, I go, I read the
• 13:41
  news on my walk, and then copy paste, copy paste, what's important, what's, what's, what's
• 13:46
  all the community is. Sorry, we should move on to the next thing, because normally we try and
• 13:53
  cover three main things and we've already done one, so let's move on to two. Guess who's back?
• 13:59
  The bitch is back. Who's back? Roryne Kitty is back. Oh, yep. And
• 14:05
  don't you ever do that again. Sorry, sorry, sorry, sorry, sorry. I'd love to see people go
• 14:16
  prant, and I'm like, oh, no, it's so skin-crawling, but maybe we could seem to
• 14:22
  miss all this stuff and be like, come on the podcast. Oh my gosh, I think he's trying to keep
• 14:26
  a low profile, but anyway, he's back and he has appropriately chosen his next company,
• 14:31
  so a cat comes close, a pet food retailer. Yeah. So for those of you who don't know, he was the guy
• 14:40
  behind GameStop, which is the stock he got everyone together on Reddit, he had a huge following
• 14:46
  on Reddit, he got everyone to buy GameStop and the share price went up massively. So he's
• 14:51
  trying to do the same with this company Chewie. So Chewie, he owns a 7% stake, he announced that he
• 14:58
  has 7% of this company, Chewie, which is 9 million shares around $230 million. How does a dude
• 15:05
  have so much money? Yeah. Well, he made a shit ton in GameStop. I'm going to invest $5
• 15:12
  for just to be a part of it. I already have. Yes. We win. I did it last week. It's gone down.
• 15:20
  It's gone down, down, down, down. So shit, we're telling me these things. Sophie, all right.
• 15:24
  We are not endorsing trading. Why did you do it that? Because I wanted to have content for the
• 15:30
  podcast. I did literally, I think it was like $50. Because it was gone down and down and down.
• 15:35
  But can you next time include me? You've been really left out. Why? So you can lose money?
• 15:40
  Yes. I want to be part of the fun. Well, it's not fun when you lose money. No, I know, but it's
• 15:44
  just like I want to do it just to learn because it's the same thing I think I'd learn something.
• 15:48
  I'm not going to go put five grand in, but I might just lose $5. Why do you like it?
• 15:54
  And then if it goes up, why didn't you tell me to put five grand in? No, no, no, no, no, no.
• 15:59
  You can't use me. No, no, no, so it has gone down. It went up massively and then it's been down
• 16:06
  since I bought it. The thing is the stock's already up 60% in the last three months and then he
• 16:11
  discloses his stake. So he's like, he's quite strategic in that sense. Anyway, the funny thing
• 16:18
  is Chewy was founded by the GameStop. Founder. No, the GameStop CEO, right? This is a policy,
• 16:25
  a reality show. I know. It's all intertwined. It's quite hilarious. I hope they do a follow-up
• 16:30
  because there is actually a Netflix on GameStop. There's a Netflix series. And so I hope they do
• 16:35
  a follow-up of like season two of what's happened because... A bit they will. Yeah.
• 16:40
  Anyway, he's on another little mission with Chewy. So I'm going to, it's been re-entregating.
• 16:44
  I'll give you an update in terms of what happens, but so far not so good.
• 16:48
  And we've got some news on Gen Z's. So Gen Z's. Do we need to stop saying like that?
• 16:56
  Do we sound really lame and old? What did you hear the other day? So... Oh yeah, yeah, yeah.
• 17:02
  So, okay, anyone wants to Gen Z? Sorry in advance. This is quite an advantage. We're not being
• 17:06
  mean. We... There are some though. But they probably are also millennials like this. So we were at a
• 17:12
  talk the other day and it was all about like scaling a business from one to whatever. Anyway,
• 17:18
  the lady who's on this amazing brand called her tility, she was talking about, she talks about
• 17:24
  Gen Z's. She's just like, because they're just always sleeping. They're so lazy. I was like,
• 17:30
  do you know what? I actually have experienced that. I think there's like a real generational shift
• 17:35
  in the way that millennials work compared to Gen Z. Like... And I... Okay, I just want to
• 17:41
  caveat that for all the Gen Z's that are listening like, fuck you. We have also worked with some
• 17:46
  incredible Gen Z's. And we are not lumping all of them. This was her opinion. But it was just... Is she
• 17:52
  a Gen Z? She's Gen Z, yeah. Oh, so she's not. She never sleeps. So millennials? Millennials are
• 17:57
  anyone born between 1981 and 1996. So 43 to 28 year olds are millennials. So we're
• 18:04
  smack bang in the middle. And Gen Z is 27 years old or below. Oh, yeah. But yeah, we're not saying
• 18:11
  that all Gen Z's are Gen Z's. No, yeah. But it was just so... It was just funny.
• 18:16
  There's definitely millennials that are so snooze as well. But it was just funny the way she put it.
• 18:20
  Oh, she also said a really good point. So we're talking about scaling and she was like,
• 18:24
  you know what? And we were talking about hiring and like how hard it is to hire the right talent.
• 18:27
  She was like, you know what? You'd rather have a hole than an asshole in the firm. And I was like,
• 18:33
  oh my god, that's such a good analogy. She also said, we've got culture by the billions or something.
• 18:38
  We're like Kefir. And I was like, I love that. Like yogurt. We're gonna try to get her on the
• 18:42
  podcast. Yeah, we will get her on the podcast. Anyway, so Gen Z's, there's been a study that shows
• 18:47
  they're taking too much risk in the markets. Interesting. So, yeah. So even though they're being
• 18:53
  exposed to like financial education in schools and a lot more of them are investing,
• 19:00
  they're taking way more like speculative bets and trading bets than they are like building
• 19:06
  long-term wealth. And it's probably... I reckon it's a function of tech talk. It's, you know,
• 19:13
  people are... They're probably getting the wrong advice outside of school. And they're wanting
• 19:20
  that excitement or that quick fix or that... What is it called when you get like instant gratification?
• 19:26
  Instant gratification. Yeah. They're wanting that instant gratification, which when you're building
• 19:30
  wealth, you can't get it instant gratification. It's delayed gratification. You have to put away
• 19:36
  small amounts consistently and regularly and you get that delayed gratification.
• 19:41
  Also, roaring kitty crypto. All that stuff will have made them think that you can just like make
• 19:46
  a million dollars like that. Yes, exactly. And, you know, they've been bought up in a world of
• 19:52
  COVID where ever inside of us being crypto, it was exciting. It was, you know, there was lots
• 19:57
  going on. There was always retail investing as well where you can buy partial shares. You know,
• 20:02
  this is... They've been bought up with a lot more, I guess. Accessibility. Accessibility, yeah.
• 20:08
  But they just didn't think all your incentives. I don't work together for too long.
• 20:16
  Yeah, so it was just really, really interesting that even though it's really, really great that
• 20:22
  more young people are investing and 40% of under 25-year-olds are investing in the stock market now
• 20:30
  versus 16% in 1995. So we've got a significant step up in younger people investing,
• 20:38
  which don't get me wrong, is absolutely fantastic. I think there's just needs to be better education
• 20:45
  around what they're investing in. And this comes down to making sure that any advice or guidance
• 20:52
  or tips that you're getting online are from Rupertville people. You know, they're not from people
• 20:57
  like roaring kitty. They're not from people. You know, they're people with... Can you hear that?
• 21:04
  Can you hear my phone? Yeah, you just ignore it. Give me the creep. Sorry. I really want to
• 21:10
  listen and post to hear if it sounds like a cat. Sorry, I fully derailed that. Basically, it's the idea
• 21:18
  that if you're listening and you are a Gen Z, sorry, if we called you snoozey. So when you're making
• 21:23
  investments good on you for having a bit of risk, I think it's actually good thing. But just
• 21:27
  make sure you're making educated decisions because you don't want to go and then be burnt once
• 21:32
  because you make a risk investment and then you never want to invest again. You know, it's like
• 21:35
  it's being diversified. If you want, if you want to invest in crypto, go for it, but make sure
• 21:40
  it's not your entire life saving, you know, and do a little bit. So you get that little bit of
• 21:44
  spice, but make sure that you're investing in other things. So like a doll, you know, you want to put
• 21:49
  spice in because you want to have like, you know, oh yummy, that's like got a bit of a cap to it,
• 21:54
  but you don't want to have it so spicy that you just have to like layer your tongue with yogurt afterwards,
• 21:58
  you know, or you can't even eat your meal. I thought you'd cook a doll last night, to be honest.
• 22:03
  I was quite surprised with the pasta. You glared you weren't eating doll? Oh, yeah.
• 22:08
  I mean, it looked like doll. So basically first, it's the guacamole that you had to find. Yes,
• 22:13
  the doll. Like, no, you're not putting your mind over any more. So I've got us up calling you,
• 22:20
  hon, I know it's a joke, like it's starting to sound serious. Yeah, no. So yes, in summary,
• 22:26
  Gen Zs, be careful you invest in, don't invest in too many spicy things. And don't be too overexposed
• 22:31
  into exotic assets like crypto and stuff. It's like, make sure you're well diversified. It's a
• 22:36
  love exotic assets. Yeah, love that. I think though, can I just caveat this again by saying,
• 22:42
  yeah, I love that you're being like brave and open-minded to try different things because I think
• 22:47
  that like there's too much content of people being like, be careful, be careful. And it's like,
• 22:52
  you don't want to freak people out. Like, it's actually good to be higher risk, especially if you're
• 22:57
  younger. It's just making clever decisions. So it's not everything in one asset or everything
• 23:03
  in crypto. It's not to say you can't go in and invest in spicy assets. Yes, definitely. We like
• 23:08
  space. We like a little bit of chilli, especially with very Gen Z. Millenials less chilli, slightly less
• 23:12
  chilli. And then Gen X, Gen X, you're putting a lot of your... More miles. A lot of yoga, yeah. Yeah, you
• 23:19
  are old. Baby boomers. You ain't eating. You're not eating. Don't freak them out there. Sorry,
• 23:25
  no, I mean, like, you should be putting... No, sorry, sorry, sorry, sorry, sorry. No, I just mean,
• 23:29
  like, you shouldn't be eating any spice. You should be... No, you should. Just not like outrageous
• 23:34
  surraccia. I think if you're a boomer, you can still have a bit of spice. It's just if you're
• 23:39
  75 AD, you don't want to have a spice. Okay, moving on, next one. Yeah, okay, sorry. Yes, so
• 23:44
  and in the media industry, so if this is a bit of you, the media landscape, it's been pretty
• 23:49
  tough over the last six months with media companies in the stock market. So I'm talking about
• 23:55
  like traditional media companies. So we know they've kind of been having to adapt a lot
• 24:00
  in the last five, 10 years because of streaming platforms like Disney and Netflix. But there's also
• 24:07
  like TikTok artificial intelligence. Like if we're looking at the media landscape as a whole,
• 24:12
  like, there's all this stuff they've got going on. They've got the rise of TikTok. They've
• 24:14
  got artificial intelligence. They've got less people watching TV, which is impacting TV companies
• 24:20
  profits. They've got most countries are in a recession or finding it really tough economically
• 24:26
  right now, which means less advertising budgets. And then you've got these streaming giants,
• 24:31
  which are just taking more and more share and even that space in itself is becoming really,
• 24:35
  really competitive. So there is a lot going on in the media space and investors are really concerned
• 24:41
  to be honest. And they're showing that concern by not investing in the media industry.
• 24:47
  Why I thought this was interesting was we have just finished raising capital. Explain what that
• 24:53
  is for people who don't know. Oh, sorry. Yes. So we are getting external investors investing into
• 24:58
  the curve. So we can grow and do more fun things for you guys. And we're super excited about it.
• 25:03
  That means we have to go around and almost like pitch ourselves to investors about this. What
• 25:07
  we're about is what we're trying to do is what we're trying to achieve. And we're technically a media
• 25:12
  company. You know, like we use for an educational platform, but our main source of revenue is our
• 25:18
  podcast. And right now, and that's like the point isn't it's a diversifying and going into our
• 25:24
  membership for anyone that's like interested the world's biggest investing hubs launching really
• 25:28
  soon. So if you're a founding member, one of the thousand people who you have is founding members,
• 25:32
  I think there's an email going up like today or tomorrow with updates on that. But yes, I know
• 25:37
  you mean that because when you first started talking about this, I was like, oh, yeah, but we're
• 25:40
  a media company kind of right now. Yeah. And you get lumped into this. And so the number of people
• 25:46
  that said, well, we were trying to raise capital and talk to investors, oh, it's such a tough time
• 25:49
  to raise capital. And it is because because there's just not a lot of money around at the moment.
• 25:55
  Then you throw this on top of it being like, and now you're in a sector of the industry that's
• 26:00
  doing also really badly or finding it tough. But for us, it's like a double whammy. It's like,
• 26:06
  cool. So it's not only a terrible time to raise capital, but we're also in a industry that's not
• 26:11
  doing too well. So yeah, it's just it's something to be aware of. And can I give an example, though,
• 26:17
  like because we often talk about this, it's like a finance analogy, a rising tide lifts all boats.
• 26:23
  And so the idea of that is like, if you're in the industry that's booming, I would be a tide
• 26:28
  that's rising. So any company that has AI somehow in their company is probably benefiting from it.
• 26:34
  And so using the stock market, like if it's up 10% down 10% as a benchmark, say the stock market
• 26:41
  is down 10% but a company is up 20 and they've got AI or whatever. Sorry, the point is you can measure
• 26:48
  against what the like averages in the stock market and see how companies are doing. And I think
• 26:55
  even though for us, we're not in a rising tide right now because media, as you say, is not doing
• 27:00
  super well, the fact that we've been able to raise the money that we planned on. It's almost like
• 27:07
  it's an example of like, firstly, I don't mean that in a really arrogant way, but what I mean is
• 27:12
  sometimes if you see a company doing really well, even if their tide is doing shit, I mean,
• 27:18
  media companies are doing badly, let's say Sky TV is doing really well. That's like a really good
• 27:23
  indicator that company is not a main, because imagine when the tide turns and that industry starts
• 27:32
  doing really well again, that company that has proven itself or has been strong or when the tide's out.
• 27:40
  Yeah, when the tide's in, that's going to be their first boat to get a hit. So shout out to all
• 27:45
  our investors. Thanks for that. Thank you. Yeah, it's just, it's an industry that we haven't really
• 27:51
  spoken about. And we were spoken about Netflix and Disney, but there's a lot of other players in that
• 27:55
  space. So like Paramount, for example, they own the big franchises like Star Trek, Nickelodeon,
• 28:00
  all of that. Their share price is down 20% in the first six months of this year, and a reminder
• 28:07
  that the stock market, the ESMP 500, which is the average, is up 20%. So it has not only fall in 20%
• 28:16
  it should be up 20. So it's actually down 40% yeah. And Warner Brothers as well as down 40%
• 28:24
  this year. Yeah, that's terrible. Yeah, so they own likes of Harry Potter and CNN and all that.
• 28:30
  I reckon Harry Potter maybe it's because JK Rowling is such a twit when it comes to transgender rights.
• 28:36
  Yes, yeah. Maybe people are like if you. It's a bit of a delayed reaction if it is because
• 28:41
  they didn't have it a while ago, but yeah, anyway, and Netflix trying to sound intelligent,
• 28:46
  like I know what's going on in the world. It's 50%. Is it? Are you invested in Netflix?
• 28:50
  I am through the ESMP 500. Oh, yeah, me too. Yeah, so you still get a little bit.
• 28:55
  We actually had a really good question come through the other day around,
• 28:57
  yeah, should I be investing in companies if I'm like separately, if I'm investing in them
• 29:04
  and through an ETF through like a index like ESMP 500. And I was like, you were alone such a small
• 29:11
  percentage in the ETF. So you're only, you know, you've got 500 companies in there. You're
• 29:15
  only, you're only a tiny amount. If you feel really, really passionate about Netflix or Microsoft
• 29:21
  Apple or any of those companies in the ESMP 500, then yes, you should definitely double down and
• 29:26
  buy them alongside your ETF to give you bigger exposure, but do be aware when you are investing
• 29:32
  in ETF, know what you're investing in and know what's in that ETF. So you don't accidentally
• 29:37
  buy something that you already invested in. Yeah.
• 29:40
  But did you have any other things you wanted to go over?
• 29:44
  Sorry, I need to use the low. Oh, my goodness, you just weren't.
• 29:48
  Don't. Sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry, sorry.
• 29:54
  Bloody hell. Love you, love you, love you, love you, love you, love you.
• 29:56
  Go do I do some cranberry juice? Apparently that's a myth, it doesn't work.
• 29:59
  I know. No, but actually did you have anything else?
• 30:01
  No, no, no, that's it. Yeah.
• 30:02
  Did you have any good financial ones that we could end this conversation on this week?
• 30:07
  Financial ones. Or financial ones. Yes, I went out for dinner and got my
• 30:12
  dinner paid for me, which was great, which was really nice.
• 30:14
  I hope. Friends, boy, friends.
• 30:16
  He was like, I'll get the bill. I was like, no, stop it. Oh, my God, stop it.
• 30:19
  Okay, yep, cool. That's so sweet. Yeah, no, it's really lovely.
• 30:22
  That's really nice. I love it. It's your work.
• 30:25
  I had something paid for.
• 30:27
  Well, it is, because you like, no, it is, it is.
• 30:29
  Yeah, it was an expensive dinner, so I was like stoked.
• 30:32
  I actually had someone, I ordered a bloody Maria, which was like a tequila.
• 30:38
  Well, actually, I didn't know who I was.
• 30:39
  Oh, really?
• 30:40
  Yeah, no, it's tequila, so it's a Maria and a coffee.
• 30:44
  And she spilt the bloody Maria on my white jeans and then took them off the bill.
• 30:48
  And I thought, it's kind of a win.
• 30:50
  Hey, thanks for a great curve weekly.
• 30:52
  No worries.
• 30:54
  I'd like to just do a very quick money reset plug because
• 30:57
  it's adding on the first of August.
• 30:58
  So if you would like to join us, it's the last time to do it for this year.
• 31:02
  It's a really good financial reset midway through the year, get your financial
• 31:06
  like ins and outs, your goals, et cetera.
• 31:10
  It's a really good way to get yourself in a position to start investing.
• 31:14
  So if you're like, I really want to be investing more or better,
• 31:17
  but I can't, I don't really know what my personal finance is doing.
• 31:21
  We'd love to have you and you can find out some more information about
• 31:24
  what is in the course, how much it is, et cetera,
• 31:27
  through like a link in the podcast show notes.
• 31:29
  Or if you've got questions, let us know.
• 31:32
  And if you're sitting there going, oh my gosh, I've done so many courses like
• 31:34
  this, they've never worked all of that.
• 31:37
  It's like, we've had such incredible feedback from this course.
• 31:41
  And we are there with you every step of the way,
• 31:44
  making sure every concept is syncing in.
• 31:46
  If not, you know, let us know and we'll
• 31:49
  educate you in a different way.
• 31:50
  But honestly, it's like, yeah, I think it's definitely, I mean, I know buyers,
• 31:54
  but it's just a really, really great course.
• 31:57
  Yeah.
• 31:57
  We also have the like many goodies.
• 31:59
  We get to like the real, what's the word?
• 32:03
  The core.
• 32:04
  The core of the, yeah.
• 32:06
  The core of it.
• 32:07
  We don't just be like, cool, here's what you should do.
• 32:09
  It's like, why, why isn't that work before?
• 32:12
  What is, what is fueling that?
• 32:14
  Yeah, so you know, just do it.
• 32:15
  More details.
• 32:16
  Have a look at our, the page, you know,
• 32:18
  website will put a link in the show notes.
• 32:19
  But also, if you want to chat to us and hear more about it,
• 32:22
  then definitely just send us a message.
• 32:25
  And we've got a really exciting podcast coming out on Thursday,
• 32:28
  which I can't wait to release.
• 32:30
  All about kids and money and investing.
• 32:32
  And I know that this is a massively interesting topic for a lot of people who follow the curve.
• 32:37
  So I think that you'll get a lot out of it.
• 32:40
  It's a cute little episode, doesn't it?
• 32:42
  Yeah.
• 32:43
  Definitely.
• 32:43
  Okay, well, I'll see you in like ten minutes.
• 32:45
  Bye.
• 32:46
  Bye.
• 32:48
  Thank you so much for listening to The Curve Weekly.
• 32:50
  Make sure you hit the subscribe button to stay up to date with all the
• 32:53
  many business stock market news.
• 32:54
  And if you like what you heard,
• 32:56
  well, you would love a review.
• 32:57
  Thank you.
• 32:58
  Yes, we would love a review that if you did hate it, please.
• 33:01
  Yeah, don't leave one if you hate it.
• 33:04
  No, but in all seriousness, could you please leave a review?
• 33:06
  Because it really helps other people find our cute little podcast.
• 33:09
  And we hope you have a good week and see you next Monday.
• 33:11
  Bye, bye.
• 33:14
  So yeah, see you next Tuesday.
• 33:16
  Well, see you next Tuesday, I mean Monday.