Latest / She's On The Money / FRIDAY DRINKS: what's going on with the share market? and Jess' brings EPIC Chrissy ideas to the table

Transcript

FRIDAY DRINKS: what's going on with the share market? and Jess' brings EPIC Chrissy ideas to the table · She's On The Money

0:00
Speaker 1: She's on the Money. She's on the Money.
0:23
Speaker 2: Hello, and welcome to She's on the Money, the podcast
0:26
Speaker 2: for millennials who want financial freedom. Welcome back to another
0:30
Speaker 2: one of our Friday Drinks episodes where we get to
0:32
Speaker 2: celebrate the money wins from our She's on the Money community.
0:35
Speaker 2: As we know, there are so many great money wins
0:38
Speaker 2: and confessions that I shared every single week in our
0:40
Speaker 2: Facebook group, and we spend a very big part of
0:43
Speaker 2: our week talking about them and sharing them with the
0:46
Speaker 2: whole office. So it only makes sense to have an
0:48
Speaker 2: entire episode celebrating you before we jump straight into it. Jess,
0:53
Speaker 2: what happened on this Week's Money Diaries?
0:56
Speaker 3: This week's Money diarist was someone that I related to
0:59
Speaker 3: a little bit in the sense that she was telling
1:01
Speaker 3: us how many jobs she's had over time, and she
1:04
Speaker 3: said she's had over thirty part time jobs, which is
1:06
Speaker 3: crazy and definitely I have not come even close to
1:09
Speaker 3: scratching the surface on that, but I feel like the
1:12
Speaker 3: relatability of it for me was, you know, sometimes you
1:15
Speaker 3: just got to do what you've got to do to
1:17
Speaker 3: make it work. And you know, she was saying that
1:19
Speaker 3: her and her husband haven't always been the best with money.
1:22
Speaker 3: They've had a little bit of a hard time until
1:24
Speaker 3: recently they had a bit of a money win in
1:26
Speaker 3: the form of getting that tax return back and that
1:28
Speaker 3: kind of set them on the right path a little bit.
1:31
Speaker 3: But I think that it was quite interesting and very
1:34
Speaker 3: relatable to hear from someone who maybe hasn't quite landed
1:36
Speaker 3: in their perfect job just yet. She's just making ends meet,
1:40
Speaker 3: doing what she's got to do, and I think there's
1:41
Speaker 3: something super admirable about that and really just something that
1:45
Speaker 3: I personally related to because I've been there.
1:48
Speaker 2: Epic Georgia.
1:49
Speaker 4: What happened on this week's Deep Dive Guys. This week
1:52
Speaker 4: things got a little festy, I think because it's December,
1:56
Speaker 4: it's almost Christmas.
1:58
Speaker 5: So we chatted through the twelve Saves of Christmas, which
2:03
Speaker 5: I realized at the end of the episode was like
2:05
Speaker 5: funny because the twelve days of Christmas much you know
2:09
Speaker 5: what I'm.
2:09
Speaker 2: Saying, Yeah, thinking out what you're put in down.
2:12
Speaker 5: Yeah, I just thought it was a strangely large number. Anyway,
2:16
Speaker 5: we chatted through some really good hacks because it's actually
2:20
Speaker 5: estimated that Australians are going to spend twenty three point
2:23
Speaker 5: nine billion dollars on Christmas this year.
2:26
Speaker 2: Oh, That's what I spend every year, so it just
2:29
Speaker 2: makes sense.
2:29
Speaker 5: Yeah, yeah, yeah, same, same. But no, if you do
2:33
Speaker 5: need some hacks to kind of keep the costs down
2:35
Speaker 5: this silly season, then that is definitely the episode for you.
2:38
Speaker 3: I love it. I feel like Christmas is so expensive,
2:40
Speaker 3: so as someone who's trying to save their very hard
2:43
Speaker 3: earned pennies, I really enjoyed that one.
2:46
Speaker 4: How did you guys go with the Black Friday sales
2:49
Speaker 4: last week?
2:49
Speaker 3: Oh, because we did talk about.
2:50
Speaker 2: This, I was so good. I actually forgot to do
2:54
Speaker 2: what I said I was going to do and made
2:55
Speaker 2: no Black Friday purchases. I think that's a money win.
2:58
Speaker 2: Even though it was accident, tool definitely counts.
3:02
Speaker 4: Jess, how did you get pretty well?
3:03
Speaker 3: I kicked off everything that I had on my list.
3:06
Speaker 3: I something actually arrived today. It was a bit of
3:08
Speaker 3: a mishap. I compared. I bought my boyfriend's shoes and
3:11
Speaker 3: I compared them to shoes that he has. But turns
3:13
Speaker 3: out somehow something got wrong and the shoe is the
3:16
Speaker 3: size to my head, So we'll be going back. I'm
3:20
Speaker 3: hoping the sales ended now and the site doesn't do exchanges.
3:23
Speaker 3: They'll just do a refund, so I'm not going to
3:25
Speaker 3: email them and hopefully just say hey, like I can
3:29
Speaker 3: either return them or I can exchange them if you
3:32
Speaker 3: honor the price and fingers cross.
3:33
Speaker 4: That works.
3:34
Speaker 2: That is a very strange policy. I don't think I've
3:38
Speaker 2: ever heard of a refunds policy that's like, no, we'd
3:40
Speaker 2: actually prefer to give you a refund then give you
3:42
Speaker 2: the right size.
3:43
Speaker 3: It doesn't make sense, does it. I don't understand it
3:47
Speaker 3: at all. I thought, if anything, they'd want to exchange
3:50
Speaker 3: so that you like they keep your money, But they go, yeah,
3:54
Speaker 3: I thought.
3:54
Speaker 2: You were about to say no, like they just don't
3:56
Speaker 2: do refunds, so we'd have to exchange them. And I'm
3:58
Speaker 2: hoping they're in size no souch.
4:01
Speaker 3: So I mean, worst case scenario, I walk away with
4:03
Speaker 3: my money, but like I really wanted to get the.
4:05
Speaker 2: Shoes, so yeah, so you're going to win. But like
4:08
Speaker 2: I would actually just prefer the product that I originally
4:10
Speaker 2: decided here with my money for, like that's that would
4:13
Speaker 2: be perfect.
4:14
Speaker 3: Yeah, gee, howd you go?
4:15
Speaker 4: I did?
4:15
Speaker 5: Okay, I did what I said I would do, and
4:18
Speaker 5: I didn't buy anything for myself.
4:19
Speaker 4: Which was good.
4:20
Speaker 5: Check you out I know, but I did buy like
4:24
Speaker 5: one or two presents with the sales, so it was
4:27
Speaker 5: a great rest to g.
4:28
Speaker 2: I feel like I should have been more organized and
4:30
Speaker 2: then I could have actually made use of that. Yet
4:32
Speaker 2: here I am unorganized and not use of that. Do
4:35
Speaker 2: you know what? That's really hypocritical of me? Because I
4:38
Speaker 2: literally have a podcast where I tell everybody how to
4:41
Speaker 2: save money, and yes, I can't do it myself. Oh
4:44
Speaker 2: literally the worst.
4:46
Speaker 3: Oh my gosh, Well they're actually on the money wins
4:49
Speaker 3: thread we put up this week. I did get a
4:51
Speaker 3: bit cheeky and I asked everyone how they went with
4:52
Speaker 3: Black Friday. So, G were there one or two that
4:55
Speaker 3: made it into your top ten, top seven, top ten?
4:57
Speaker 5: Whenever there were one or two, we've got with the
5:00
Speaker 5: top seven to eleven. So I'll kick us off with Sophia.
5:04
Speaker 5: So she was almost out of petrol in her car
5:07
Speaker 5: and was putting off filling up for a week or
5:09
Speaker 5: so because petrol prices in Adelaide were ridiculous a dollar
5:12
Speaker 5: adi per liter if you don't mind, and she flat
5:15
Speaker 5: out refused to pay it that much. I feel like
5:18
Speaker 5: in Melbourne that is very standard at the moment as well.
5:20
Speaker 3: Yeah, I started to hire as two dollars. Yeah, I nearly,
5:25
Speaker 3: and so I got excited because I filled up at
5:28
Speaker 3: a dollar fifty and I was like, I remember three
5:30
Speaker 3: months ago when I was like a dollar fifty, I'm
5:32
Speaker 3: not paying that, And now I'm.
5:33
Speaker 2: Sousing, oh, I can't believe there's a two in front
5:37
Speaker 2: of it. That feels really scary crazy, that's too many,
5:40
Speaker 2: but even a dollar ady like Sophia said here too much,
5:44
Speaker 2: I would say. But eventually she did need petrol, because
5:47
Speaker 2: you know, don't we all. So she was on her
5:49
Speaker 2: way to reluctantly fill up the car and she drove
5:52
Speaker 2: past a brand new petrol station recently opened, and they
5:55
Speaker 2: were doing a promotion for ninety nine cents.
5:58
Speaker 4: Elita, what good? So she's bloody laughing, basically half price.
6:03
Speaker 2: They're losing money, don't they know that PETREL's really expensive.
6:09
Speaker 3: They're obviously trying to get business. And I bet the
6:11
Speaker 3: lines for that petrol station were out the door.
6:13
Speaker 2: People like winding up with their Jerry cans and stuff.
6:17
Speaker 3: That's like half of the price of the two dollars
6:19
Speaker 3: per liter. But you can use there's an app called
6:21
Speaker 3: petrol Spy. I don't know if anyone's used that before.
6:24
Speaker 3: But you just download it and it uses your location
6:27
Speaker 3: and it actually will tell you the prices of the
6:30
Speaker 3: petrol everywhere. So when PETREL's really high, like it is
6:32
Speaker 3: right now, I'll jump on there and you know, maybe
6:35
Speaker 3: a couple of suburbs over it's a little cheaper. So
6:37
Speaker 3: that's how I got my dollar fifty wheneverywhere else is
6:40
Speaker 3: a dollar eighty. She's a genie, might be worth the
6:43
Speaker 3: cheeky download.
6:44
Speaker 5: I would never have the time up my sleeve to
6:46
Speaker 5: like scout around different suburbs because my petrol tank is
6:49
Speaker 5: just always flashing.
6:50
Speaker 2: And I'm like, I was about to say, you've got
6:53
Speaker 2: to be careful because if you run out of petrol
6:56
Speaker 2: like I do, I literally wait until my car's like
6:58
Speaker 2: you're using the reserve, and I'm like, well, how long
7:01
Speaker 2: can we be last on this? So you've got to
7:04
Speaker 2: be careful of that. But also like I want to
7:06
Speaker 2: do the calculations. How much does it cost you to
7:09
Speaker 2: drive to a few suburbs over and is the difference
7:12
Speaker 2: in price worth it? I don't know.
7:14
Speaker 3: With a thirty cents a leader, I was like, maybe
7:17
Speaker 3: not for or five cents, but thirty cents felt like
7:19
Speaker 3: a lot, and I was like, you know what, I'll
7:21
Speaker 3: travel for that?
7:22
Speaker 2: Yeah, no, no, I think that's really smart. The other app,
7:25
Speaker 2: if we're talking about petrol not sponsored, just a good
7:28
Speaker 2: call out, is the seven eleven app, So when you
7:31
Speaker 2: can lock in the price. So if you're like, oh
7:34
Speaker 2: my gosh, I can't get to the petrol station today
7:36
Speaker 2: and I've heard that it's going to go up in price,
7:39
Speaker 2: you can lock the price in on the seven eleven app.
7:41
Speaker 2: And I think that's pretty smart.
7:42
Speaker 5: And pick yourself up a one dollar coffee while you're there,
7:44
Speaker 5: am I right?
7:45
Speaker 2: Oh well, if you Jess, you won't do that, You'll
7:47
Speaker 2: buy one dollar Slurpee, won't you? Jess?
7:50
Speaker 3: Thousand percent?
7:51
Speaker 5: All right, guys, let's move on to Angie's. So Angie
7:54
Speaker 5: asked for a pay rise this week and she got
7:57
Speaker 5: the figure she wanted without even having to negotiate.
8:01
Speaker 4: Oh my god, has to us exactly, and.
8:05
Speaker 5: She said she was so nervous, So you know, it
8:07
Speaker 5: was a great result for Angie's. So well done. Our
8:10
Speaker 5: next one here is from Alisha. So she has a
8:13
Speaker 5: Black Friday money win which VD I feel like you
8:15
Speaker 5: could probably get around this one.
8:17
Speaker 2: Doll but I didn't have a Black Friday money win.
8:19
Speaker 5: Well, yeah, okay, it's too late. Sorry, I'm just gonna
8:21
Speaker 5: rub salt in the wound. She got her wedding bands
8:24
Speaker 5: for thirty percent.
8:25
Speaker 4: Off in the sales.
8:28
Speaker 2: That's actually a lot of money.
8:29
Speaker 4: It's decent, isn't it.
8:30
Speaker 2: I googled wedding bands the other day. They'll be like
8:34
Speaker 2: three hundred bucks. It's banned, like there's nothing exciting about them.
8:37
Speaker 2: It's not three hundred dollars. Guys. Oh no, so expency.
8:41
Speaker 5: I was like, wait what because for that, they're just
8:44
Speaker 5: very plain, aren't they? Like they're literally a band of
8:46
Speaker 5: metal to go with your engagement ring.
8:49
Speaker 2: Yeah, I'm just gonna pull the ring off my cocaine and.
8:51
Speaker 4: Use that money win.
8:54
Speaker 3: Okay.
8:55
Speaker 5: Next up is Tamara. So on Friday, she unfortunately run
8:58
Speaker 5: over a nail and got a flat tire. She had
9:02
Speaker 5: to take it to get fixed the next day. When
9:04
Speaker 5: she picked up her car a few hours later, the
9:07
Speaker 5: mechanics said, it's on the house.
9:09
Speaker 4: Toots. He didn't say toots. That makes it sound credit.
9:12
Speaker 2: That makes it sound really Yeah, that's exactly how it
9:15
Speaker 2: made it sound good.
9:16
Speaker 5: He just said it's on the house. So long as
9:19
Speaker 5: you leave a Google review, so she did, and everyone wins.
9:23
Speaker 2: I would leave a five star stellar Google review for
9:27
Speaker 2: someone fixing my tire for free, like, as if that
9:29
Speaker 2: is not the best service.
9:30
Speaker 4: You've ever had?
9:31
Speaker 2: What literally cost you nothing?
9:33
Speaker 4: We love we love.
9:34
Speaker 5: Money, win money win Okay. Our next one is from Casey.
9:38
Speaker 5: So Telstra had been charging Casey for a service she
9:41
Speaker 5: no longer had. She contacted them and got a thirteen
9:44
Speaker 5: hundred dollars credit. Yes, thanks, thank you, I will take that.
9:48
Speaker 4: I don't mind if I do.
9:50
Speaker 5: Jackie, she actually had a money loss, so I thought
9:53
Speaker 5: we'd take the mood down and then we'd pick it.
9:54
Speaker 4: Back up right at the end.
9:56
Speaker 2: Thank you.
9:57
Speaker 5: So she was convinced she had locked her keys and
10:00
Speaker 5: her phone in her car. As it turned out, she'd
10:02
Speaker 5: only locked her phone in there and her.
10:04
Speaker 4: Keys were actually down the back of the couch.
10:08
Speaker 5: So that set her back one hundred and ninety five
10:10
Speaker 5: dollars for ROCV roadside assist plus one hundred and fifty
10:14
Speaker 5: bucks to the automotive locksmith call out.
10:17
Speaker 4: So a bit of a bit of a bummer there.
10:19
Speaker 3: For get copies of your keys cut and keep them
10:24
Speaker 3: somewhere you can access them.
10:25
Speaker 2: But car keys are so expensive?
10:27
Speaker 5: Yeah, how expensive are we talking? I feel like I've
10:30
Speaker 5: only heard this on the grape Barne like five hunch twenty.
10:34
Speaker 2: So I guess it depends on the type of car
10:36
Speaker 2: key you have or like, you know how it works.
10:38
Speaker 2: My car keys are like the button and it's kind
10:41
Speaker 2: of like sounds like real wanky, But I have a
10:43
Speaker 2: push to start car. I actually have a proper key,
10:47
Speaker 2: So to replace that is like one thousand dollars, which
10:50
Speaker 2: I think is absolutely astronomical. But a family member of
10:54
Speaker 2: mine has a Vaults wagon and has a key. It's
10:57
Speaker 2: all good, very normal, and they got quoted to replace
11:01
Speaker 2: it because they wanted a second key, and it was
11:03
Speaker 2: four hundred and fifty dollars. I feel like that's a
11:06
Speaker 2: lot of money.
11:06
Speaker 3: So when I mean, that's more money than she spent
11:08
Speaker 3: on the call out, arguably, so maybe there was a
11:11
Speaker 3: money win.
11:11
Speaker 2: Yeah, true, truly.
11:13
Speaker 5: You could also just buy another car, you know what
11:15
Speaker 5: I'm saying, Like when you break your phone, it's like
11:17
Speaker 5: we'll just find a new one, the same deal with
11:18
Speaker 5: the car guys. Let's wrap up with our final money
11:22
Speaker 5: win for today. This one I chose because I feel
11:24
Speaker 5: like it is as she's on the money E as
11:27
Speaker 5: it could possibly.
11:28
Speaker 2: Be she was on the money. E.
11:31
Speaker 5: Did you like that she went on a shopping spree
11:33
Speaker 5: on self wealth and bought more ETFs while the market
11:37
Speaker 5: was down.
11:38
Speaker 2: I love that. She's like, we're on a shopping spree
11:40
Speaker 2: and you got shares. I love you. You are my people.
11:44
Speaker 3: Yeah.
11:44
Speaker 5: So that's that's the last one there from Hannah. But
11:46
Speaker 5: well done everyone. Gorgeous wins this week.
11:48
Speaker 2: Genius because on Black Friday as well, the market did
11:50
Speaker 2: have a little bit of a dip, so it was
11:52
Speaker 2: technically like the shares are on sale like for Black Friday.
11:55
Speaker 2: Absolutely no correlation. Just sounded good, you.
11:57
Speaker 3: Know, real life timing.
12:00
Speaker 2: Let's talk more about the market and how shares work
12:02
Speaker 2: after this really quick break.
12:04
Speaker 5: Okay, so straight back into it, guys. I wanted to
12:08
Speaker 5: ask you about something I've kind of seen floating around
12:11
Speaker 5: the news channels and the news sites lately. Yes, obviously
12:15
Speaker 5: there's a new little strain of COVID which is raging
12:19
Speaker 5: hearts and souls across the country and the impact but
12:23
Speaker 5: obviously this is having an impact on the stock market.
12:27
Speaker 2: Yes, insanely so you would have thought we've learnt by
12:31
Speaker 2: now you would have thought that. People were like, oh,
12:33
Speaker 2: this makes sense, but it essentially sent share markets literally
12:36
Speaker 2: around the world into a free fall since discovering what
12:40
Speaker 2: we are deeming to be omnicron. I think I'm saying
12:43
Speaker 2: that properly, and now they're holding their breath to see
12:45
Speaker 2: what happens in Australia over the next few weeks, because
12:48
Speaker 2: obviously we've had a few cases reported in Australia. It's Friday.
12:53
Speaker 2: Technically you guys are listening to this today, and we've
12:55
Speaker 2: recorded this a little bit earlier in the week, so
12:58
Speaker 2: there might be more news on this. But actually, this
13:01
Speaker 2: new variant has another spike, which, to summarize all of that,
13:04
Speaker 2: just means it's even more contagious and sticks to your
13:07
Speaker 2: immune system in a different way, like it has double
13:09
Speaker 2: the spikes that had before. So that's kind of scary.
13:12
Speaker 2: But I think the thing that I'm most worried about
13:15
Speaker 2: is the way that the media are portraying this. Earlier
13:18
Speaker 2: this week, I was watching TV and people were literally
13:21
Speaker 2: comparing it and I thought this was wildly unfair. They
13:25
Speaker 2: were comparing it to HIV and they were like, oh, well,
13:28
Speaker 2: it makes sense that it was found in Africa because
13:29
Speaker 2: of that, and I was like, what the hell that
13:32
Speaker 2: is not on? But then to further that, I feel
13:36
Speaker 2: like we should have seen this coming, Like you know
13:39
Speaker 2: how delta happened. I think we're all shocked about that.
13:42
Speaker 2: Then this has happened, and it kind of makes sense
13:44
Speaker 2: because COVID mutates, like that's how it works. So that's
13:48
Speaker 2: why we have to every single year have a new
13:50
Speaker 2: flu vaccination because it won't work on the old flu variant,
13:53
Speaker 2: So every year we need to do that. I just
13:55
Speaker 2: feel like I saw that coming and I knew that
13:58
Speaker 2: was a thing. I didn't know it would be a
14:00
Speaker 2: dramatic is this? But I feel like we should brace
14:03
Speaker 2: ourselves for other variants to pop up over time because
14:06
Speaker 2: we're in COVID normal. It's not COVID eradicated, and we're
14:09
Speaker 2: just hoping it'll go away. If that makes sense.
14:12
Speaker 3: Can we talk about how hyperbolized as well the impact
14:17
Speaker 3: of that, like definitely not talking it down fully understand
14:21
Speaker 3: that there can be huge impacts and we will have
14:23
Speaker 3: to wait to see. But I saw a lot of
14:25
Speaker 3: reports being like stock market crash to record lows and
14:29
Speaker 3: then you traumatic you look at the graph though, and
14:32
Speaker 3: I mean I really wish this was a TV show
14:34
Speaker 3: and you could we could flush a graph on the screen,
14:36
Speaker 3: but maybe we'll find a lead. We would be but
14:40
Speaker 3: like if you look at the crash in relation to
14:44
Speaker 3: the stock market over like say the last ten years,
14:46
Speaker 3: yes it is dipped, but it's not like it's dropped
14:49
Speaker 3: through the floor. And I just feel like that fearmongering
14:51
Speaker 3: is obviously going to stress people out. And we're all
14:53
Speaker 3: still super traumatized from everything that's happened, and as you say,
14:58
Speaker 3: perhaps it's something that maybe we need to expect a
15:00
Speaker 3: little bit and of course not take things lightly. Do
15:03
Speaker 3: not take things lightly, make sure you're acting responsibly and
15:07
Speaker 3: in line with the COVID safe regulations, all of those
15:09
Speaker 3: good things, but expect things to be a little uncertain.
15:13
Speaker 3: I think it might, as you said, just kind of
15:15
Speaker 3: be our reality for a little bit, right, And I.
15:17
Speaker 2: Think we really need to remember the process and the
15:20
Speaker 2: psychology behind investing. And you're seeing a lot of people
15:23
Speaker 2: being really reactive to this, and that's exactly what we're
15:26
Speaker 2: trying to say, don't do. We're trying to say, hey, JS,
15:28
Speaker 2: if your portfolio has gone down like that would be scary, right,
15:31
Speaker 2: and all of our portfolios. If you're in like a
15:34
Speaker 2: raise or like a spaceship, or even if you have
15:36
Speaker 2: a six puck portfolio, that would have been impacted, because
15:39
Speaker 2: that's how it works. But I think that we need
15:41
Speaker 2: to remember that we're here for the long term and
15:44
Speaker 2: a couple of percentage point drops is absolutely not the
15:47
Speaker 2: end of the world. We just have to ride it out.
15:49
Speaker 2: But too many people are perpetuating that drop by fear
15:54
Speaker 2: selling and selling their shares. We're just further pushing the
15:57
Speaker 2: share prices down because if you're and you're evacuating right now,
16:01
Speaker 2: everybody else is like, oh my gosh, it must be worthless,
16:03
Speaker 2: and so the share prices diminish. And in reality, that's
16:07
Speaker 2: when we should be holding on because the roller coaster
16:09
Speaker 2: will at some point go back up, and we want
16:11
Speaker 2: to stay on, not get off at the bottom.
16:13
Speaker 3: Something I remember you saying that has really stuck with me.
16:17
Speaker 3: And this might have even been before I knew. This
16:19
Speaker 3: might have been something you said on the pod way
16:21
Speaker 3: back when. But you said that you only lose money
16:25
Speaker 3: if you actually sell your shares. So if I bought
16:27
Speaker 3: a sham for two dollars and right now it's worth
16:29
Speaker 3: one dollar, and I sell it for a dollar, I've
16:31
Speaker 3: lost half of my investment. But if I hold it
16:34
Speaker 3: right now, while it's only worth one dollar, eventually, theoretically
16:39
Speaker 3: past performance is not an accurate reflection.
16:41
Speaker 2: She's a little baby financial planner.
16:44
Speaker 3: But you know, theoretically, if you look at the stoff
16:46
Speaker 3: market over long term, it will climb back up, and
16:49
Speaker 3: it might take some time, but if I hold on
16:51
Speaker 3: to it, that value will rise. And I've actually only
16:54
Speaker 3: crystallized that loss. If I have sold in the dip, I.
16:57
Speaker 2: Don't even need to be on this podcast anymore. You
17:00
Speaker 2: two can just run the show. But that's literally what
17:02
Speaker 2: it is. I think we need to start looking at
17:04
Speaker 2: the share market as that is the price that you
17:08
Speaker 2: would get if you've sold your shares today, not that
17:11
Speaker 2: is the price that you are worth. Because if you had,
17:14
Speaker 2: as you've said before, one share yesterday and it was
17:17
Speaker 2: worth two dollars and tomorrow it is worth one dollar,
17:19
Speaker 2: you still have that one share and it can increase
17:22
Speaker 2: in price, and it can change it could even decrease
17:25
Speaker 2: further in price. But you know what price doesn't tell you.
17:28
Speaker 2: Price doesn't tell you how much you dividend payouts are
17:30
Speaker 2: going to be. Price doesn't tell you how much money
17:33
Speaker 2: you're going to make from that share and there's a
17:35
Speaker 2: lot more value to be had than just looking at
17:37
Speaker 2: the share price. So I think we need to educate
17:39
Speaker 2: ourselves a bit better. We'll also be like, Okay, she's
17:42
Speaker 2: on the money, thank you. That was actually a good reminder.
17:44
Speaker 2: I was looking at it being a bit stressed. And
17:46
Speaker 2: I think it's also really important to remember have you
17:48
Speaker 2: ever seen a news article that says, oh my gosh,
17:53
Speaker 2: the share market has increased by three percent.
17:56
Speaker 3: They don't want to talk about the happy stuff, do they.
17:59
Speaker 2: No, No, they don't. They just want to talk about
18:01
Speaker 2: stuff that will get clicks and fearmonger and all of
18:04
Speaker 2: that other stuff. So I think that we need to
18:05
Speaker 2: just be quite diligent and quite well rounded and remember
18:08
Speaker 2: that like the media only likes to show one side,
18:10
Speaker 2: and that's the side that's going to sell their papers
18:13
Speaker 2: or their website or their advertising or whatever it is.
18:15
Speaker 2: There's no real story and being like, hey, jes did
18:17
Speaker 2: you see yesterday good day in stock market? Like, no
18:21
Speaker 2: one's going to do an entire article on that. But
18:23
Speaker 2: when it crashes due to the omnicorn, like that's good article.
18:27
Speaker 2: That's scary.
18:27
Speaker 4: Let's read that, can I pepper a couple of cues
18:30
Speaker 4: at uv? Oh?
18:32
Speaker 5: Of course you can, gee, thanks so much. So would
18:34
Speaker 5: you say then that it's maybe like a good time
18:36
Speaker 5: to buy shites?
18:37
Speaker 2: Oh, I could never say that. I think the only
18:39
Speaker 2: time to buy shares is actually the time that is
18:42
Speaker 2: right for you, and that's when you can afford it
18:44
Speaker 2: and it makes sense for you. And I'm definitely not
18:46
Speaker 2: someone who wants to time the market, because if I
18:49
Speaker 2: could time the market, I would be a very rich lady.
18:51
Speaker 2: But we can't. So it's all about investing consistently over
18:55
Speaker 2: the long term. So if you're investing, like yes, absolutely,
18:58
Speaker 2: now is a good time to invest, but so's tomorrow
19:02
Speaker 2: and the next day and the next week and the
19:04
Speaker 2: next month. Because what we want to do is a
19:06
Speaker 2: thing called dollar cost averaging, and that's where we buy
19:10
Speaker 2: over a long period of time at different points. It
19:13
Speaker 2: might be once every six months. We're not saying it
19:16
Speaker 2: has to be every single day. Might be once every
19:18
Speaker 2: six months, but that means you're in the market every
19:22
Speaker 2: single six months, or you're in the market every single month,
19:25
Speaker 2: depending on how much money you have to invest in.
19:27
Speaker 2: What makes sense when it comes to brokerage and stuff
19:29
Speaker 2: like that. But you're in the market consistently because then
19:33
Speaker 2: on average, you'll end up with the ups and the
19:36
Speaker 2: downs of the market and you're paying an average share
19:38
Speaker 2: price as opposed to maybe you just have a really
19:41
Speaker 2: big lump sum of money and you drop it into
19:43
Speaker 2: the market. How do you know that that's a good
19:46
Speaker 2: time to buy. How do you know that's a bad
19:48
Speaker 2: time to buy? You don't, So you're just accepting that
19:51
Speaker 2: you're not going to have access to dollar cost averaging.
19:54
Speaker 2: And I think that it's really really important to understand
19:57
Speaker 2: that and actually make use of it. And that's why
19:59
Speaker 2: we always talk on shoes on the money about investing
20:01
Speaker 2: consistently over the long term, because we're not here for
20:04
Speaker 2: a short time. We're here for a long time and
20:07
Speaker 2: hopefully a really good one.
20:08
Speaker 4: Yes, well said, thank you, thank you. So it's just
20:12
Speaker 4: a it's a question for the.
20:13
Speaker 5: Basic girls out there like me, who you know, have
20:16
Speaker 5: been hosting a finance podcast for two years and still
20:17
Speaker 5: don't really quite get it. So the reason the stock
20:22
Speaker 5: market has plummeted, as they're saying, is that because like
20:26
Speaker 5: big wig investors have pulled money out of like airline
20:30
Speaker 5: companies and stuff like that. So it's caused a decrease
20:33
Speaker 5: and then people are like getting scared about the lack
20:36
Speaker 5: of value, so they're pulling out too.
20:37
Speaker 4: Is that kind of like the jist?
20:39
Speaker 3: Can I jump in? Do I know that? Do I
20:41
Speaker 3: maybe know the answer to this?
20:42
Speaker 2: Oh my gosh, Well maybe I literally said that I
20:45
Speaker 2: wasn't needed on this podcast anymore, So go.
20:47
Speaker 3: Ahead, watch out, I'm coming for your job.
20:50
Speaker 4: No.
20:50
Speaker 3: Is it to do with consumer confidence, because I mean,
20:54
Speaker 3: as you were saying before, people are like unsure. Maybe
20:57
Speaker 3: they want to sell their shares, They're worried that what
20:59
Speaker 3: happened and you know twelve to eighteen months ago is
21:01
Speaker 3: going to happen again. And maybe they're just like, well,
21:04
Speaker 3: if it's going to go lower, now's the times getting
21:06
Speaker 3: my life boat and paddle away as fast as I can.
21:09
Speaker 2: Yes, so that, but also it's about what it's worth,
21:12
Speaker 2: so sometimes absolutely, But also it could be about mass exodus,
21:16
Speaker 2: so people leaving the market in droves. So that might
21:20
Speaker 2: be because an asset, let's say, a airline is held
21:24
Speaker 2: in an ETF and as you guys know, if you
21:27
Speaker 2: buy an ETF or an exchange traded fund, if you
21:29
Speaker 2: don't know what I'm talking about. We have entire episodes
21:32
Speaker 2: on it. Go back to our investing series. Have a
21:34
Speaker 2: listen to that. I'm biased, but I think it's a
21:35
Speaker 2: really good content. But it might be in an ETF
21:39
Speaker 2: and a fund manager might make the decision to pull
21:42
Speaker 2: that or sell that, or take their gains off the
21:45
Speaker 2: table because they're like, oh, this new variants happening. I
21:47
Speaker 2: just don't think that travel is going to be there.
21:49
Speaker 2: So one person might have a really big way of
21:53
Speaker 2: having a really big impact because heaps of people, millions
21:56
Speaker 2: of people might own that ETF. So when it sells,
21:59
Speaker 2: that's a mass exodus of that share. So then the
22:03
Speaker 2: market starts to see it and Jess, you might have
22:05
Speaker 2: bought that individually, and you see it decreasing in price,
22:08
Speaker 2: and then you get on and you're right, it's kind
22:10
Speaker 2: of like you're not confident in that anymore. Therefore it
22:13
Speaker 2: decreases in price. But share price isn't just driven by
22:17
Speaker 2: what people say, right, So like we know that when
22:20
Speaker 2: Elon Musk tweets about Tesla, that could significantly impact his
22:25
Speaker 2: share prices, and it's not because he just says something
22:28
Speaker 2: and automatically somewhere in the magic world of shares, the
22:32
Speaker 2: price changes. It's actually because it's reflective of people's actions
22:37
Speaker 2: based on his words. So what would have happened is
22:40
Speaker 2: more people would be buying it, and more people that
22:42
Speaker 2: are buying an asset means that that's more in demand,
22:45
Speaker 2: and demand drives price. So the more in demand something is,
22:49
Speaker 2: the higher it's valued at. So that's how that works,
22:53
Speaker 2: and it's more at this point in time, a lot
22:56
Speaker 2: of people might have been selling. Therefore the share price
22:59
Speaker 2: is dropping because the way the market would see it
23:01
Speaker 2: is that share is not as sexy as it was yesterday.
23:04
Speaker 2: We want something different. So it's literally down to your right, Jess,
23:08
Speaker 2: consumer confidence. And when people start leaving an asset class
23:12
Speaker 2: or an asset in general, you kind of go, oh,
23:15
Speaker 2: why they believe it might not be that good? Don't
23:17
Speaker 2: want to go there. Kind of when you walk past
23:19
Speaker 2: a bar and you just see one person in it
23:21
Speaker 2: and you're like, maybe I'll go across the road when
23:23
Speaker 2: everybody else is there, because there must be something wrong
23:26
Speaker 2: with that, even though it's not got anything to do
23:29
Speaker 2: with their service or their quality or the product they're serving.
23:32
Speaker 3: Is that kind of like in the same way that
23:34
Speaker 3: we were just talking about how the media is kind of,
23:37
Speaker 3: you know, dramatizing things. If we see those reports that
23:41
Speaker 3: come out that say Quantus shares drop fifty percent, absolutely
23:45
Speaker 3: has it happened.
23:46
Speaker 2: You may not snap them off if they drop fifty run.
23:49
Speaker 3: I'm just pulling numbers out of god knows where are.
23:52
Speaker 2: I was excited for a hot second, but like.
23:55
Speaker 3: Let's say there's some article, a clickbaity article like that,
23:58
Speaker 3: and like, does that then have the potential to like
24:02
Speaker 3: the elong Musk tweet reached a large number of people
24:05
Speaker 3: and have a similar impact.
24:07
Speaker 2: Yes, absolutely, And that's what's so cool about the Internet
24:10
Speaker 2: at the moment. So we saw it semi recently. I
24:13
Speaker 2: think it was like early this year. I can't remember
24:16
Speaker 2: off the top of my head, but I did a
24:17
Speaker 2: video that we put on our Instagram chess, and it
24:20
Speaker 2: was about GameStop and how the share price of GameStop
24:24
Speaker 2: had changed and essentially for people on the Internet had
24:27
Speaker 2: decided to boycott this and they were able to because
24:31
Speaker 2: of the way they were able to communicate. So it
24:33
Speaker 2: wasn't an Elon Musk, it wasn't a Donald Trump tweeting,
24:36
Speaker 2: It wasn't someone with massive influence. It was actually a
24:38
Speaker 2: group of people that came together on readit online and
24:41
Speaker 2: made a decision. So the idea that the stock market
24:44
Speaker 2: can now be driven by people's choice, and if we
24:47
Speaker 2: really wanted to band together and do something like you're
24:50
Speaker 2: not allowed to it is illegal. But the idea that
24:54
Speaker 2: that exists is kind of scary because there's this additional
24:57
Speaker 2: layer sitting over the share market of what drives it.
25:00
Speaker 2: It used to be actual demand, it used to be
25:02
Speaker 2: actual resources and reading reports. But you know, I'm not
25:05
Speaker 2: saying that this is a good idea. It's just an example,
25:08
Speaker 2: and it's absolutely not something that she's on the money
25:10
Speaker 2: would do. But imagine if she's on the money, as
25:12
Speaker 2: a community got together and said, all right, let's tell
25:15
Speaker 2: every one of our listeners to buy one share in
25:17
Speaker 2: one business. We've now got a few million listeners. We
25:21
Speaker 2: could have a massive impact if that's what we wanted
25:23
Speaker 2: to do. But it's not the right thing to do,
25:25
Speaker 2: and it's not something we would do, and obviously you'd
25:27
Speaker 2: have to make sure that everyone was on board and
25:29
Speaker 2: all of that. But we the share market can be
25:31
Speaker 2: driven by so many different factors. It's not just things
25:34
Speaker 2: that are out of our control anymore. It's actually kind
25:37
Speaker 2: of scary that people can now control the markets if
25:41
Speaker 2: they've got a strong enough strategy and plan. Kind of scary.
25:44
Speaker 3: How easy. Well not to do a complete narrative change.
25:48
Speaker 3: But can I steer the conversation back to Christmas?
25:50
Speaker 5: Is that?
25:51
Speaker 3: Okay?
25:52
Speaker 2: Well you absolutely can. But I'm just gonna say I
25:54
Speaker 2: did a really good segue earlier, and I thought that
25:57
Speaker 2: you could learn from that and like segue and be like, yeah, yes,
26:00
Speaker 2: driving markets having impact. Do you know what we can
26:02
Speaker 2: have impact on small business?
26:05
Speaker 3: Ah, she's so much better than me. Okay, take thank
26:07
Speaker 3: you everything that I said about coming to your job.
26:09
Speaker 3: You're safe and secure.
26:11
Speaker 2: Oh, thank you. I'm just here for the segways. Jessica
26:13
Speaker 2: now gives their financial advice. Thank you, come again.
26:17
Speaker 3: So this week for a listener question, I picked one
26:20
Speaker 3: very on theme, very on brand. She's all about Christmas,
26:22
Speaker 3: which we love. It wasn't a voice memo though, so
26:25
Speaker 3: if you want to get a voice memo on the show,
26:27
Speaker 3: if you want to hear yourself on the pod, send
26:29
Speaker 3: your question podcasts that she's on the money dot com
26:32
Speaker 3: dot au. We love to see it. But Mary asked
26:36
Speaker 3: Christmas is coming up, and I want to buy gifts
26:39
Speaker 3: for friends and family. I want to spoil them, But
26:41
Speaker 3: I feel really uncomfortable with the idea of contributing to
26:44
Speaker 3: the mass consumer mindset that seems to be going on.
26:47
Speaker 3: How do I balance my love for my friends and
26:49
Speaker 3: family with my own personal ethics? Which I thought was
26:51
Speaker 3: an excellent question, and my answer to that would be
26:55
Speaker 3: shop small business. You know, there's so many great little
26:59
Speaker 3: business is out there that have really cool, unique, ethically
27:03
Speaker 3: sourced and produced products, and I thought maybe if you
27:07
Speaker 3: guys were down, we could all maybe share a couple
27:10
Speaker 3: of our favor small businesses to give people some Christmas ideas,
27:13
Speaker 3: because one, we love to shop small. I think there's
27:16
Speaker 3: that meme or that little video that goes around that says,
27:19
Speaker 3: every time you shop from a small business, someone somewhere
27:21
Speaker 3: does a happy dance, and I just love.
27:24
Speaker 5: Yes.
27:24
Speaker 3: I love thinking that someone is excited with my business.
27:27
Speaker 3: I love thinking that I'm getting something unique and beautiful
27:30
Speaker 3: that was crafted with love. And if I may say
27:32
Speaker 3: so myself, we're all ladies of immaculate taste, so.
27:37
Speaker 2: Yously obviously so in saying that, I'll go last because
27:41
Speaker 2: I have the least to bring to the table when
27:44
Speaker 2: it comes to having fruit taste. Oh, Jess, I mainly
27:47
Speaker 2: just be like, oh, cute dress, Jess, where's that from?
27:49
Speaker 2: Maybe I'll copy you, like that's literruly how my mind works. So, Georgia,
27:53
Speaker 2: what have you got straight off the bat?
27:55
Speaker 3: Okay?
27:55
Speaker 4: I have so many? What's my limit?
27:57
Speaker 2: Here?
27:57
Speaker 4: Tell me?
27:58
Speaker 2: Ladies? Oh three? You get three?
28:00
Speaker 3: Okay?
28:00
Speaker 2: Okay? And then maybe at the end if there's one
28:02
Speaker 2: that you're like, throw this wild card in there.
28:04
Speaker 4: You can love it. Maybe I'll even throw them in
28:06
Speaker 4: the newsletter this week, you know.
28:10
Speaker 2: Instead, it's just like one be around.
28:12
Speaker 3: Us that if you want to join our newsletter mailing list.
28:16
Speaker 3: By the way, it's on our website. You can sign up.
28:18
Speaker 3: It's really great. George doesn't immaculate job? Right?
28:21
Speaker 2: Sis? You do your funny goal?
28:24
Speaker 4: Thanks so much. Okay, So I'm going to choose.
28:30
Speaker 5: I think I'm going to go with a jewelry brand
28:32
Speaker 5: that I adore. It's okay, Chloe Sophia Jewels. Full disclosure,
28:38
Speaker 5: she's my best friend.
28:39
Speaker 2: Okay, good choice, though great choice, turns out pays to
28:43
Speaker 2: be friends with.
28:44
Speaker 5: She's on the money, correct, correct, No, her jewels are incredible.
28:48
Speaker 5: They're all completely handcrafted. Her specialty is silversmithing. Like she's
28:55
Speaker 5: she's a genie staying.
28:56
Speaker 2: That at the bar. What do you do? I'm a
28:58
Speaker 2: silver smith exactly.
29:00
Speaker 4: It's very cool, very chic, but closed stuff.
29:03
Speaker 5: It's kind of at that medium price point, so you
29:06
Speaker 5: could pick something up maybe from between fifty dollars to
29:09
Speaker 5: maybe two hundred, depending on what you're after. But the
29:12
Speaker 5: difference is is that these products are handmade by a
29:15
Speaker 5: gal just trying to make it out on the New
29:17
Speaker 5: South Wales coast. And yeah, by supporting her, you're doing
29:21
Speaker 5: a really good thing and her stuff is amazing. So
29:24
Speaker 5: if you still need some little gifties, would really recommend.
29:28
Speaker 4: Chloe Sophia Jewels. Oh I love that? Can I have
29:32
Speaker 4: two more?
29:33
Speaker 2: Oh? Yeah, I said, I love that. I'm waiting for
29:36
Speaker 2: the next two, George, Okay.
29:37
Speaker 4: Second one is Curio Practice.
29:41
Speaker 5: Now these are super speno, not going to lie about it,
29:45
Speaker 5: but again they're handcrafted. They're these extremely beautiful blankets. They're
29:51
Speaker 5: in the checked print that you guys will have seen
29:53
Speaker 5: everywhere at the moment. But if you have a little Google,
29:56
Speaker 5: they are just so chic. They're made by a queen
30:01
Speaker 5: in Melbourne. I think they're like hand they're not hand knitted.
30:06
Speaker 5: I don't really I'm not a crafty girl. Woven perhaps woven,
30:11
Speaker 5: you guys will have to tell me. But they're amazing
30:13
Speaker 5: if you're looking for something really substantial for your partner
30:16
Speaker 5: or someone that you really like, or maybe yourself. And
30:20
Speaker 5: my last recommendation would be Kate Macendo, who's another local
30:25
Speaker 5: jeweler on the Mornington Peninsula who makes beautiful stuff at
30:28
Speaker 5: a similar price point to Chloe's stuff.
30:30
Speaker 4: So jewels, girls, we love.
30:32
Speaker 2: Oh, I love that. I feel like you've covered the jewelry.
30:35
Speaker 2: I'll make sure I tick that off. There's something I
30:37
Speaker 2: don't cover, so jess what have you got?
30:41
Speaker 3: As I've said before, I am a lover of a
30:44
Speaker 3: practical gift. I think if you can give something to
30:47
Speaker 3: someone that they use every day. And this was very
30:49
Speaker 3: divisive when I said it last time. I think I
30:51
Speaker 3: said it when we did our Instagram livea and some
30:54
Speaker 3: people were like, yes, give me practicality, and some people
30:57
Speaker 3: were like, do not give me a kitchen appliance for Christmas?
31:00
Speaker 2: I will apologies if you take in.
31:03
Speaker 3: To camp B. I'm firmly camp A. But there's a
31:07
Speaker 3: little small bis that I found on Instagram called Style
31:09
Speaker 3: where they're very new and they do beautiful chic stay
31:14
Speaker 3: with me tupperware, which I know, I know in me,
31:19
Speaker 3: I know, have a look at have a look at
31:22
Speaker 3: them on Instagram because as someone who is trying to
31:25
Speaker 3: be really responsible, take her lunch places with her, bring
31:28
Speaker 3: it into work when we're back in the office, all
31:30
Speaker 3: those fun things.
31:31
Speaker 2: I actually really like that idea.
31:33
Speaker 3: Yeah, and they're stunning, Like, have a look on the Instagram.
31:36
Speaker 3: They're monochromatic, they're silicon, they're BP free, they're beautiful in
31:41
Speaker 3: very chic colors. I'm currently on the wait list for
31:44
Speaker 3: a beautiful blush pink set because they're stunning.
31:46
Speaker 2: Of course, you are also what a good present coming
31:50
Speaker 2: out of COVID and knowing everybody's going back to work,
31:53
Speaker 2: I want a lunch box for Christmas.
31:55
Speaker 4: But that's so.
31:56
Speaker 3: Thoughtful and it's the kind of thing as well that
31:58
Speaker 3: if you took it into the office, I guarantee you
32:00
Speaker 3: someone will be like, I love that. Where's that from?
32:02
Speaker 3: They have like little silicon leads. They keep your food
32:05
Speaker 3: really fresh. I know it might be a bit boring,
32:07
Speaker 3: but that.
32:08
Speaker 2: No, it's not. No, I think that's great.
32:10
Speaker 3: The person you give it too will use it every day.
32:11
Speaker 3: If you want to spice it up, throw a little
32:13
Speaker 3: food item in with the gift, maybe pop it in
32:15
Speaker 3: the tapp away, wrap it up really cute with a
32:16
Speaker 3: little bow on it. So that was my first one,
32:19
Speaker 3: and then I also have two more. My second one
32:23
Speaker 3: is a little more fun. I don't know if you
32:25
Speaker 3: guys have heard of croct They got really popular during Lockdown.
32:29
Speaker 3: It's a pottery company and they sell these clay kits,
32:33
Speaker 3: so you can get click a kit for just you
32:35
Speaker 3: or a kit for a number of people, and they'll
32:37
Speaker 3: literally post you out a slab of clay, some materials.
32:41
Speaker 3: You sit down. You can make a little date day
32:43
Speaker 3: of it, or you can do it for yourself. As
32:46
Speaker 3: someone who pre Lockdown got very into throwing pottery on
32:50
Speaker 3: a wheel. It's super fun. You can make something cool.
32:53
Speaker 3: You can keep it and then they can drop it off.
32:55
Speaker 3: They can glaze it, they can fire it, you can
32:56
Speaker 3: do all sorts of fun things. It's something the person
32:59
Speaker 3: you gift it too. Can you do it by themselves
33:01
Speaker 3: or you could do it together as a fun activity.
33:04
Speaker 3: Can you tell I'm really into the crafty stuff. Very
33:09
Speaker 3: and then my last small bees will not come as
33:11
Speaker 3: a surprise. It's an artist who does beautiful, beautiful prints.
33:14
Speaker 3: We actually have one in our office.
33:16
Speaker 2: No, the Naderna ones.
33:18
Speaker 4: Yes, that's on my least.
33:21
Speaker 2: Sorry I knew.
33:22
Speaker 3: No, that's okay, coming with double the recommendations from the team.
33:25
Speaker 3: Then we have a huge print of hers in our
33:28
Speaker 3: office that is stunning, and she does everything from a
33:31
Speaker 3: four through to like a one or a zero or whatever.
33:34
Speaker 3: The biggest one is so you can get anything for
33:36
Speaker 3: any price point. If you want to make it a
33:37
Speaker 3: little booze, you can get it with a frame or
33:40
Speaker 3: frame it yourself. They're just beautiful. Her work is so
33:43
Speaker 3: colorful and warm.
33:45
Speaker 4: It's indigenous art, isn't it.
33:46
Speaker 3: It is indigenous art, and it's in that traditional dot
33:49
Speaker 3: painting style, which I think is beautiful. But just the
33:52
Speaker 3: colors are very earthy, and there's just something about it
33:55
Speaker 3: that really speaks to me personally. And I think it's
33:57
Speaker 3: such a lovely gift because people seldom buy themselves, as
34:01
Speaker 3: I think, and so it's something that's really lovely to have,
34:04
Speaker 3: and even better, it receives a gift.
34:06
Speaker 4: Oh I love that.
34:08
Speaker 3: How about you? I know that I just stole one
34:09
Speaker 3: of yours. I'm very sorry. But what else?
34:11
Speaker 2: God, It's okay, I have something really similar. I have
34:14
Speaker 2: something different. I have found gifts for everybody. Are you ready?
34:17
Speaker 2: So first is Rachel Sarah. So Rachel Sarah is another
34:21
Speaker 2: indigenous artist and does gorgeous stuff, but she has a
34:25
Speaker 2: diverse range of offerings. So the thing that I love
34:29
Speaker 2: is her planners and her calendars, which I think are
34:32
Speaker 2: really gorgeous. She also does notebooks and key rings and
34:35
Speaker 2: really gorgeous totes, So I feel like that's a really
34:39
Speaker 2: good gift idea. So the next thing, I think I
34:42
Speaker 2: have more than three? Am I allowed more than three?
34:44
Speaker 2: I'll be real quick you get to Yeah, flex mummy,
34:49
Speaker 2: I have seen these, and I think I'm going to
34:52
Speaker 2: buy a few for friends for Christmas. But for under
34:55
Speaker 2: fifty bucks, you can get a gift from her small business.
34:59
Speaker 2: And the one that I've been looking at is the
35:01
Speaker 2: questions you really want to answer critical thinking conversation card games,
35:05
Speaker 2: because I just think that would be really fun. I
35:07
Speaker 2: loved doing the Cards against Humanity kind of thing, but
35:10
Speaker 2: I like this kind of tangent we're going on into
35:12
Speaker 2: actually asking people questions, so that we can get to
35:15
Speaker 2: know them better. And it just seems like a really
35:17
Speaker 2: nice thing to pull out when you're having a drink
35:19
Speaker 2: with a few of your girlfriends. So that felt really good.
35:23
Speaker 2: The next is for I won't say for the ladies,
35:27
Speaker 2: but it's lipstick. It is from Lulu Lips, and Lulu
35:30
Speaker 2: Lips is run by Louise and Louise is the makeup
35:34
Speaker 2: artist that I have been working with a fair bit
35:36
Speaker 2: on a few campaigns and she has used her products
35:39
Speaker 2: on me and every single time I've been like, what
35:42
Speaker 2: is this lipstick? And she's like, oh, it's mine. And
35:45
Speaker 2: I thought when she was saying it's mine, she meant
35:48
Speaker 2: like it's mine from my kick because I'm a makeup artist.
35:50
Speaker 4: Victoria.
35:51
Speaker 2: No, she made it gorgeous packaging. She even has a
35:54
Speaker 2: lipstick called Victoria, which I have been wearing religiously. She
35:57
Speaker 2: does really cute gift packs. You get a free little
35:59
Speaker 2: makeup bag and a cookie. I just feel like that's
36:02
Speaker 2: really cute. She's Melbourne based and a legend. The next
36:05
Speaker 2: one is candles, because, as you guys know, I'm obsessed
36:08
Speaker 2: with candles. I love the Sunday Blue candles. So they
36:14
Speaker 2: have a blood orange candle that I'm obsessed with. The
36:16
Speaker 2: fresh linen one is really really good, and the jasmine
36:19
Speaker 2: and honeysuckle is next level. Gorgeous packaging, gorgeous branding, Melbourne based. Again,
36:25
Speaker 2: you can't go wrong. And then, guys, are you ready?
36:29
Speaker 2: I have found a gift for the person that is
36:32
Speaker 2: ungiftable my dad. Ha ha ha, Well maybe not actually,
36:37
Speaker 2: maybe I take that back. It's probably for She's on
36:39
Speaker 2: the Money esque li Smak, So if they don't listen
36:41
Speaker 2: to Shees on the Money, they're probably not that interested
36:43
Speaker 2: in this. But I find gift giving for a number
36:46
Speaker 2: of my friends really hard. But the next one is
36:50
Speaker 2: from a small business based here in Melbourne and it
36:53
Speaker 2: is from an artist called Corey Ashford. And I discovered
36:56
Speaker 2: this as I was just going through the internet looking
36:59
Speaker 2: for presents. But he has this gorgeous oyster incense holder.
37:04
Speaker 2: It's eighty dollars. It's not a present that I would
37:06
Speaker 2: just give to anybody. But if you can't think of
37:10
Speaker 2: a gift, consider something from his store because he has
37:13
Speaker 2: made these gorgeous gold oyster shells. They are just so pretty.
37:19
Speaker 2: There are an incense holder, but I reckon that could
37:22
Speaker 2: be multifunctional as like a little ring dish or something
37:25
Speaker 2: that would sit beside your bed, Like it literally looks
37:28
Speaker 2: like a small piece of art. I think it's gorgeous.
37:30
Speaker 2: And that is my last gift recommendation. I've never met Corey,
37:35
Speaker 2: but I just feel like Corey sounds like a good hit. Yeah,
37:39
Speaker 2: I just I really liked it, and I was like,
37:41
Speaker 2: do you know what someone gifted me that I'd be like,
37:43
Speaker 2: that's really thoughtful because it looks like a ring dish,
37:46
Speaker 2: like I could use it as that, like incense in it.
37:48
Speaker 2: It just it feels like a luxury present that you
37:50
Speaker 2: wouldn't buy for yourself anyway. None of these have been sponsored, guys,
37:54
Speaker 2: just so you know, like nobody's spoken to anybody who's
37:56
Speaker 2: been mentioned on this list, nor if they asked to
37:59
Speaker 2: be included. It's just George, Jess and I having a
38:01
Speaker 2: bit of a banter about the products that we think
38:04
Speaker 2: would be really fun to purchase. So yeah, that's that
38:07
Speaker 2: little non sponsorship disclaimer.
38:10
Speaker 3: You know what I'll do, I'll chuck a thread up
38:12
Speaker 3: in the FACI group today as well, so you can
38:15
Speaker 3: share your favor small business purchases from a business that
38:18
Speaker 3: you want to support. I feel like this time of year,
38:20
Speaker 3: great question for Mary. If you don't want to shop big,
38:23
Speaker 3: if you want to give something thoughtful, and if you
38:25
Speaker 3: want to make somebody's day shops more. There's so many
38:28
Speaker 3: fantastic options out there.
38:30
Speaker 2: Please fill it full of your friend's businesses as well.
38:34
Speaker 2: I feel like so many times our friends have businesses
38:37
Speaker 2: and we don't promote them as much as we should.
38:40
Speaker 2: If your friend has a small business and sells a
38:42
Speaker 2: cool product that you think would be suitable for someone's
38:44
Speaker 2: Christmas present, drop it in the thread. I want to
38:46
Speaker 2: see it. I want to hear it, I want to
38:47
Speaker 2: look at it like I want to celebrate them, because
38:49
Speaker 2: small business is obviously something I'm wildly passionate about.
38:53
Speaker 5: Just one more plug to the newsletter as well, Gales.
38:55
Speaker 5: We do do a small business shout out every single
38:58
Speaker 5: week in the newsletter, and we're always looking for more nominations.
39:01
Speaker 5: So if you do have a biz that you want
39:04
Speaker 5: to support, get involved, sign up to the newsletter and
39:08
Speaker 5: nominate a pal who you think would appreciate it.
39:11
Speaker 2: I love that. Well, guys, I think that is all
39:13
Speaker 2: we have time for today. I do apologize, but I
39:16
Speaker 2: feel like we have left you with a diverse range
39:18
Speaker 2: of information. Something about the share market, something about oyster
39:21
Speaker 2: ring dishes, something about candles. We've been everywhere today, but
39:25
Speaker 2: as always, just before we head off, we'd like to
39:27
Speaker 2: acknowledge and pay respect to Australia's Aboriginal and torrest Rate
39:31
Speaker 2: islander peoples. They're the traditional custodians of the lands, the
39:35
Speaker 2: waterways and the skies all across Australia. We thank you
39:38
Speaker 2: for sharing and for caring for the land on which
39:40
Speaker 2: we are able to learn. We pay our respects to
39:43
Speaker 2: elders past and present, and we share our friendship and
39:46
Speaker 2: our kindness.
39:47
Speaker 5: And remember, guys, that the advice shared on She's on
39:49
Speaker 5: the Money is general in nature and does not consider
39:52
Speaker 5: your individual circumstances. She's on the Money exists purely for
39:56
Speaker 5: educational purposes and should not be relied upon to make
39:59
Speaker 5: an invest or a financial decision. And we promise Victoria
40:03
Speaker 5: Divine is an authorized representative of Australia Pacific Funds Management
40:07
Speaker 5: Proprietary Limited ABN three four one three two four six
40:11
Speaker 5: three two five seven AFO CL three three nine one.
40:13
Speaker 2: Five one No, see you next week, guys.
40:16
Speaker 3: Hi, Bye, guys,