Latest / The Curve / RTC34: A conversation with a million dollar investor

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RTC34: A conversation with a million dollar investor · The Curve

• 0:00
  Thank you so much for Pathfinder Kiwi's ever planned for making this many series happen.
• 0:04
  It's time to think about not only your bottom line. The world needs us to be investing our money
• 0:08
  consciously and that's exactly what Pathfinder are doing. Growing your wealth does not need to cost
• 0:13
  the earth. We all have different standards when it comes to what we think is ethical and what's
• 0:17
  important to us, which is why education is key when it comes to making sure that your funds aren't
• 0:22
  being invested in things that you don't agree with. Pathfinder Kiwi's ever planned values,
• 0:26
  the lives of animals, people and the planner. Pathfinder asset management limited is the
• 0:30
  issuer of the Pathfinder Kiwi's ever planned and you can head to Pathfinder. Kiwi for more
• 0:35
  information and to see their product disclosure statement. Or check out the link in our show notes.
• 0:40
  Welcome to the Curve Podcast, a conversation for women who want to learn more about money,
• 0:46
  their money for the future they want to have. We're all busy and the pursuit for financial confidence
• 0:52
  and increasing your wealth should be a simple one. This podcast is for women to learn about
• 0:57
  investing in a non-scary or intimidating way. With short episodes you'll have time to learn,
• 1:02
  digest and understand everything to do with the world of investing. So thank you for being here
• 1:08
  and for listening because together we really can raise the curve.
• 1:12
  Buffy, okay we're live. We've got our fourth guest in studio for our mini series thanks to
• 1:22
  Pathfinder and this is a very exciting guest because you actually are a conscious investor
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  and I've been told off these net word actually haven't I, I shouldn't use conscious
• 1:32
  investors because it's like a broad term. Can you use what, yeah there's just so many terms,
• 1:35
  there's responsible investing, ethical investing, conscious investing, honestly it's cool what you
• 1:40
  want though. Okay well I'm in a good with conscious because so Buffy can we start maybe with why
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  your actions to you because obviously you do invest your money consciously but also you actually
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  worked in the finance industry for a long time. Yeah all right so I'm gonna try and keep this brief.
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  So I went to uni and I did a BAB Calm at Auckland Uni with a double major in economics and
• 2:03
  finance and that wasn't my intention. I wanted to do international business and marketing but once
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  I started doing my B Calm every once in a while. What was that sorry? No I think it was this
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  this score. Oh well okay. Keep it live. Sorry wow. So anyway so I went on well I'm not super keen
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  on accounting so I guess I'll do the other two you know I guess I'll definitely say this is
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  honestly sounds like my story like I literally was like oh I don't really know what this paper does
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  but oh you're giving it a go and then it's like it was like a B Calm in economics and finance
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  and it was like yeah it was kind of the default almost it was like totally these sound
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  interesting-ish. Well I think I really was it was really strongly recommended that if you want to
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  get a good job like if you want to get a job after university then you need to do one of the top
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  three at least and that's kind of how it started. I never had you know dreams about working in
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  finance or an investment or anything to do with that and in the year before I finished my degree
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  again people other people the forces said that well if you get a good job. If you are doing finance
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  in economics and you get good grades then you should apply for these internships at these places
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  called investment banks which I had absolutely no idea what they were and so I just applied for
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  these internships. I did an internship at first in Zed Capital which is now Jardin and over some
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  for three months ended up working at ABN for a year and then moved to Goldman Sachs in the
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  investment banking teams. It was a really challenging job it was well paid. Were you the only female?
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  At ABN yes the only one. Yeah in the whole investment banking team yeah. Because that's the same
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  as that grade. Totally yeah and it's like every job overhead I'm only female or the first female.
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  Yeah and yeah it's crazy like still to this day like that was what 12 years ago. I can't imagine
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  ever being in a job and it just being guys. I reckon also firstly I'd be very distracted like
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  but also not a hunger stripper. Not really my kind of guy but but in saying that I just feel like
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  I struggled to understand what that would be like it feels like the 1800s for there to be no other
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  woman. Yeah I used to find it quite intimidating when I was younger because you're because you're
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  also young you're not that confident you're still learning the ropes and you're also a minority
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  in that sense and then but now I'm kind of like hey I I know what my strengths are. But now I think
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  see who's the shit she just wants around. I'm very sure. I don't think she's pretty much.
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  Pretty much. No but you kind of you grow into yourself yeah and it's probably just the case of
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  being older as well and I just don't give a shit as much but like yes. Part of me part of me
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  and I think we chat about it was on the phone like part of me would quite like to go back into
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  that industry now because I would own it and I would own my worth and you know my contribution
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  whereas even when I left I was still always felt like I was less than in that industry get paid
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  a base salary and a bonus and the bonus is can be you know in the lower ranks less than the base
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  than the higher ranks much higher than the base. Can you give me an example I'd love to know I mean
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  I haven't got a clue what you'd get paid in those kinds of jobs. I mean well when I graduated
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  my first rollout of uni was 80k. Mine was like 25. I know. Wow that's amazing. So you were just so
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  crazy to be getting paid back. I'll pitch a tent at work exactly. We hear the entire day.
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  Totally my life to you at no worries and then also and then bonus on top of that. Yeah bonus
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  and how do they work. I mean I'm sure it's so it's every how much how hard you work how
• 5:45
  let you work how much you kiss us. I reckon it's a combination of those three. Would it be like
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  20s and one go is that a thing? It would be like a hundred percent of your salary or up more. Yeah
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  up to I reckon. You could get an 80 grand bonus. Yeah not when I first graduate. This is a
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  while back but I was definitely not getting. I can't even remember what my pay was the first.
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  Actually I think you know what I think when I graduated MMO base was 65 and I think the bonus
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  might have been like 20 or 25. That's amazing. But this is a while ago. But also what an amazing
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  way to save because the thing is normally when you're drip fed your salary you are spending kind
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  of within your means but if you're getting then a bonus on top of that it's a way easier way
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  to save or invest because I know the only way I've either had lump sum in my account was when I
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  got tax back through my Australian accounts and it was something to do with being in contract roles
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  but that was the only that was the first time that I looked my bank account and called for I can
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  thought hey I've got some savings you know so if you were getting that as part of your kind of yearly
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  thing makes it a lot easier to get started for sure. Yeah and I think it's a combination of being
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  paid well at a young age was helpful but then I also do think the other part is having a savings
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  mentality like I I had my first part-time job when I was 13 years old working at this awful chicken
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  shop and like stuffing chickens. But I took that job because it got I got paid $8.50 and all my
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  friends were getting paid $5.50 a new world so I took the job because it was and I didn't
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  spend all the money on clothes because it's just not the personality that I was so I saved most of
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  what I was earning so I think there is having that mentality early on as well that don't spend
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  everything if you spend everything you earn you are never going to it's compound returns right we're
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  gonna talk about with us but so even if you've only got a little bit start with just start investing
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  it straight away because that will start to grow start to compound and get to the point where it's
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  like it just has a life of its own. When you worked in finance so when you're in the industry you
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  had an experience where you basically found out that there was a pay gap. I love like you guys know
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  what you're talking about like don't like oh my gosh so excited. It's a good story. So on one of the
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  said late nights I don't I can't even remember what I was doing but I found this printout of was
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  basically like obviously an excelled printout of all the the remuneration across the team. I'm like
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  so it was no one else at work it was late at night no it was late at night I think I was the
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  only one there maybe there's some couple of guys on the desk still or someone would have
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  accidentally printed that and being like shit they were not home and I'm like oh my gosh
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  we're just a one page so I took it good on you and so what was on it anyway so it had all of
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  the remuneration for everyone on the team and I was at that point the most junior of the analyst but
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  I was still an analyst and for some reason it had because I kept at home for quite a while you
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  know I'd like look on it and do some little modeling. It's good motivation to see well if they were
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  a third-year analyst and they were age 27 and they were getting paid that then then when I'm
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  aged 27. Oh so it didn't have names. It had names and it had like what their pay was each year
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  so I could see that or you know as a junior analyst he got paid that then that then that then
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  that and that's these guys are more senior that got paid that that that's I could I put myself
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  on this spreadsheet you know well I got paid that that hang on a second something is really
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  different here mine is going up yeah and it is higher than my peers who work outside of this industry
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  so I should have nothing to complain about. Hold on we need to backtrack so so basically you found
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  this piece of paper and on it had all the names of the people who you worked with when they were
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  paid what amount and then you basically saw that you were paid less than them at all of those
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  stages yeah but you tried to justify it by saying you're getting paid higher than your friends
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  well yeah I mean I could see that while I'm getting paid you know easily 25% less than what the
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  the men were the lads the men getting paid when they were at my social list of the salary yeah
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  so if someone was on 80 grand you'd be getting 20 grand less than what they were paid for the same
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  draw yeah about that so then it's absurd but then it's like oh but let's say they're getting paid
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  100 and I'm getting paid 75 well I can't complain that's still a really good salary it's still
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  that sucks I hate that mentality we all women have it so that was that was that was basically
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  it and um and you know so you justify it to yourself by going well I'm lucky to have this job
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  anyway it's well paid I should be really grateful and I am well maybe I'm not as good as them
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  maybe that's why I'm paying this at least your heart it was so not that and so did you ever confront
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  your boss and say hey I've just found this printout busted no but I kind of knew at my next review
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  you had links well I should I should I should ask for this yeah I've had some other situations
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  because I don't know if this is like illegal I hatched my boss's computer all right my
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  was a printout it was just sitting on a printer it was born a season and we the way the
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  bonus was structured was it was a percentage of your salary so if you knew the if you knew the
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  bonus you could quite easily work out whatever I was getting paid and it was bonus time and I found
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  this piece of paper and I at first I kind of was like oh I don't know I don't it's not mine I don't
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  know what it is and then I was like hang on a second I can't wait your time I look around and I was
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  like oh my gosh and I just remember looking at it and being like doing exactly the same I justified
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  it I was like oh no but I've only been there two years and they've been there three so therefore oh
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  no and I'm my the fund I'm managing is smaller than his so you know and you just you just start
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  doing all these things like oh no but he actually reports to two people and I only report to this one
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  or you you just justify absolutely in any way possible you're just like oh no no definitely not
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  but it did actually spark something you mean I the next yeah the next review I had
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  well I was going to ask for a review and I kept avoiding it and I was like that yeah
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  I'm like no no it's right they'll just pay me what they think I should repay and that's the thing
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  right yeah they'll pay me what I'm worth yeah so I don't need to
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  exactly and ask if I as long as I work hard and I think when I was at uni that's we had to do if
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  you worked hard you got the grades yeah there was no debate about it but it's just what's fair
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  yeah it's not how but if you work hard you don't necessarily get paid as much the next person
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  not if you don't make as big a song of dance as they do and the guys make really good
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  song of dance about how hard they're working and then I yeah so I went into my
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  pair of you and I asked I went in and I was prepared and I asked they said of all the things that my
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  you know the extra responsibilities I'm doing and why I should be paid more than I am now
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  and they came back in that said no and I was just like so did you cry I I think I was just
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  really gutted you know you know I just built up all this courage and had all this justification
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  of why I think I should pay this and you still said no and I was just like you're like oh I've
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  got a piece yeah but I couldn't say that so I was like oh yeah I'm like buying my life yeah and then
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  even just having to have that conversation I would make me feel really good
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  well what's your lady and and not a nice person it made me feel pretty greedy because they said
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  no it wasn't like a case of yes oh my god we totally agree and we'll hear even like five thousand
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  dollars would have been fine or like but it's not you feel stupid it was just there was nothing
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  and I was like oh okay and then you sit there and you're like oh maybe maybe that right maybe
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  I'm not worth on it you know and you start giving it again but then I think I was old enough to
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  realize that if they didn't set a value in me I don't want to be at a place of work that doesn't
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  value you know it doesn't value me you know like it's a hell is it possible for and then they were like
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  oh oh Vic let us know what do you want to be paid well while making stay and I was like are you
• 13:39
  guys for real like I just asked you remember that chat in my review I asked for more money and
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  in my next job I was just you're way more bossy about it yeah I to the point that I was I found a
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  bit oh but that would have been half as much as what the guy that I know and then I just remember
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  being like my sister said something to me and she was like you don't want to be the person they're
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  like oh we got her for a bargain you know you want to be the person they're like I wish we could
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  afford her and it's so true Sarah how is it the words of wisdom always yeah so but also you
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  know there's this element of I don't want to be that woman who's like the bitch yeah one who's
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  always asking for start you know yeah so I don't know I just but that's a whole lot of psychology as
• 14:23
  well that is a whole lot of fan theme I'm not psychology talk about that for hours but it's like
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  if women ask for that they're considered a bitch and then if men ask for that you know they're
• 14:31
  considered confident confident and yeah and yeah exactly and in fact I'm just going to bring up one
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  study which I think exemplifies this perfectly which is the study where they had me a group of
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  girls and boys all did it in exam and then afterwards they asked them how they went and the
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  the guys universally aster nailed it smashed and the girls all female
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  universally said oh yeah you know what that was actually really hard I totally think I stuffed up
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  that last answer that that right then they look at the comparison between the actual results
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  and lo and behold the girls have gotten as good if not better than the guys but they didn't talk
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  it up but these guys talk it up so when you go into a situation where the remuneration is variable
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  like that like with a bonus situation then you've got half of the group talking it up and one part
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  gone oh yeah I guess I probably didn't do a great job on that project that we were working on so
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  sure there's a similar study I think around a woman applying for jobs and if a woman can do
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  70% of the job description she'll say oh no I I can't do 30% I won't apply but if the male
• 15:48
  counterpart can do 30% of the job description he will apply maybe like I will just figure out
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  the 70% later it's I mean it's a systemic ingrained let's play it down and be smaller than we are
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  kind of an editor I think it's an age thing as well so I do think if I went back now I would be
• 16:07
  way different because I know all that and I understand all that and I value myself more you know I
• 16:12
  have more self confidence just in me which is nothing to do with finance sector this is just a
• 16:17
  quick content break to thank our amazing sponsors of this mini series path find a kiwi saver plan
• 16:22
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• 16:54
  and a copy of the product disclosure statement you left the finance industry about 10 years ago now
• 17:00
  but you're still quite involved in investing yeah so yeah I'd always been like a sensible person
• 17:06
  with savings and then when I started working at age 21 and this relatively well-paid job
• 17:12
  then I didn't need all that money to live on you know so I started saving straight away and because
• 17:17
  I was working in banking that's what everyone did they put their savings into investments like no
• 17:22
  one bought residential property when you're in banking because you were like well we were in the thick
• 17:26
  of stocks of course we're going to invest in stocks I started investing all my savings straight
• 17:30
  into investment into stocks at age 21 and I had some really bad experiences so I had a couple of
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  what I'd love to hear some stories thinking a company was going to get a takeover offer and going
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  all in like literally put 50% of my life savings into this one company and I won't say what the
• 17:49
  company is why can't you it doesn't matter now fish from park or appliances and then what I think
• 17:54
  but it's okay taking over totally tanked I think I bought a total of 80 we're down to a dolled
• 17:59
  20 else I'm like that how should you lose like the total I think I must have I think I maybe
• 18:03
  maybe put like 85k in there and then did you take your money out and then go take another
• 18:08
  yep call classic okay sorry sorry sorry to laugh but it's just like that happens all the time
• 18:14
  you just like get sick of waiting yeah and you're just like oh screw it and take your money out
• 18:18
  and then something happens you're like oh you always like invest for the long too
• 18:25
  but what I learned from that is I mean the takeover offer then came by I think higher
• 18:28
  this is so long ago so all my numbers will be wrong but the takeover offer was for slightly more
• 18:33
  I think it went down to 80 cents I think the takeover was a dollar 20 but I still weigh down
• 18:39
  on the 285 entry price that I've got you know so funny story that was my first investment
• 18:46
  recommendation was fish and park appliances and are you you're nothing about fish and park
• 18:50
  about appliances and we had this analyst come in and like usually they're supposed to like pitch
• 18:54
  ideas to you and you can ask them also you can ask them questions about you know because they know
• 18:59
  the company's quite well and had this analyst come in and I was like fresh like I probably like
• 19:05
  and I was like and they were like saying no no terrible investment no no and I was sitting
• 19:10
  there going I think it's quite a good investment and so I went back to the team I was like I think
• 19:14
  we should buy this and then Brian actually yeah and he was like okay and I was like oh oh no I mean
• 19:21
  you're like you're you're really confident until they actually invest in and you're like oh
• 19:25
  shit and then it got taken over like within a few weeks and I was like I'm just doing stuff
• 19:30
  as I probably sold my FPHs to you oh my god let's just cut that chair now I can cut the
• 19:39
  tension really now no it was really it was it was a good lesson such a good lesson on diversification
• 19:43
  actually not so much on selling at the bottom because I think I didn't want to be in there
• 19:49
  but just can you write on that for those that might not understand so when you say diversification
• 19:54
  don't put 85 grand into one don't put all of your eggs I mean if your portfolio is a million
• 19:59
  dollars sure put 85k into a stock but don't put 50% of your portfolio into one stock because you
• 20:05
  heard someone say that someone said that someone said that there might be a takeover I mean that's
• 20:10
  just classic stupid and so the takeover is when someone comes in and offers a premium right so
• 20:16
  then you get a lot more than what you would have otherwise so it's another company buying and
• 20:21
  buying a company effectively and they need to make it attractive enough for all shareholders to
• 20:25
  sell to them so like a Twitter yeah Elon Musk it's time Leon I was waiting for Elon and he never
• 20:32
  turned up oh yeah so if you had chosen to come in I was like oh so if I'll give you I'll buy
• 20:38
  your shares for what they are plus 1% you'd be like no I don't want to start it you'd be like
• 20:45
  what about what they are plus 40% you'd be like okay yeah you know so you've got to make it you
• 20:49
  and then so take over offers they usually start yes it can be whatever but maybe you say 20%
• 20:54
  and then yeah 20% premium so if you think something's going to be taken over it's like a quick one
• 20:59
  right yeah it's a bit of a cheat it's got any hot tips you want to send them in and then she said
• 21:04
  oh I'll put all my money in it but it is it's a bit of a cheat it's gonna approach and that's
• 21:09
  what I learnt that that's not that actually the best way to do it to be to invest on little
• 21:14
  tips like that oh that's a harsh way to learn that one yeah no most of all it was it was
• 21:21
  invest on the quality of the company and and it's potential long term and you believe in that
• 21:27
  company do you really like the the management team and the industry and the potential growth
• 21:32
  for that company and also don't put all your own eggs in one basket so be diversified so that
• 21:37
  if that one does go wrong it doesn't matter because the rest are going well and so like I've never
• 21:42
  made that mistake again ever and it's and it's worked really well it's a really expensive learning
• 21:47
  curve as well I know and so in terms of conscious investing because you've obviously worked and
• 21:53
  I was about to say the dark side that's a bit mean you've worked in the industry and hard management
• 21:58
  the dark side but but now that you're managing your own money you're still also very involved
• 22:02
  in investing and is that because of your husband so okay age 29 left had all of my money invested
• 22:11
  in stocks like every single dollar no property just everything was in stocks and by that time it
• 22:18
  added you know I mean I'd had been paid a salary every year I had not spent it all and then my
• 22:23
  returns are compounded other than FPA and so I left at 29 with a reasonable portfolio investment
• 22:29
  portfolio so I kept that portfolio and during that time I had met my partner who's my still my
• 22:35
  current partner and he was in the investment banking team and he stayed there when I moved to
• 22:39
  equity research and then when I left equity research he moved into BA portfolio manager so
• 22:47
  managers portfolio is for individual high net worth individuals so if they're not going to go
• 22:51
  and opt for a fund option like a third or a pathfinder etc and they want a personalized approach
• 22:57
  and it's generally because they're high net worth then they will use someone like Tony as their
• 23:01
  investment advisor so he still works in that industry so he's at JBW and now I was in a portfolio
• 23:07
  investment advisor and he had all his money I mean he had started in age 21 did a economics
• 23:15
  finance start at age 21 done the exact same as me but just seven years older so now I had my
• 23:20
  it's always so hot that's a great age gap I remember thinking that it was creepy
• 23:27
  I used to be I'm 23 you're 30 guys really creepy and so you guys are obviously married and so I
• 23:35
  guess in terms of your the way that he's managing money has that changed a lot totally so up until
• 23:42
  age when I was 29 he was obviously 36 we were just investing in stocks I didn't think we cared what
• 23:46
  they were we were probably investing in like child prostitution daco and I just it wasn't even on my
• 23:52
  radar when I went through my own like health journey healing from graves disease and I just
• 23:58
  discovered so much around the world of agriculture and animal treatment and planet and climate change
• 24:07
  and all these things which are now quite commonly known but back then maybe not so much I became
• 24:13
  aware of all these and thought well gosh if I I really care about animals and I really care
• 24:17
  about the planet and I want dolphins and whales and always amazing animals still to be in our oceans
• 24:22
  just magical things you know I want to go to the rainforest and seal the birds and and so
• 24:28
  therefore I should make sure what I'm investing my money in matches with those ethos and that was
• 24:34
  literally all it was so I kind of started saying to Tony oh I don't want to invest in that
• 24:40
  that anymore I like I want to invest in who's doing organic farming who out there's doing organic
• 24:44
  farming no one I mean living the list of space you know but okay who's doing a renewable energy
• 24:51
  like wind and solar we're aware of those companies and so together we kind of went on this journey
• 24:56
  of like in our personal life of changing what we were eating and what we were using to be more
• 25:02
  sustainable options you know more conscious options healthier options type thing and so as a result
• 25:09
  like our investing sort of can't went that way and he was still in the thick of it being a portfolio
• 25:14
  investment advisor so here I mean I think he is one of the first it's now yeah eleven years he's
• 25:21
  he was the first investment advisor focused on ethical investing no one else was talking about it
• 25:26
  I know it's really popular now but everyone else almost would laugh at him that he wasn't going to
• 25:31
  own fontara in his portfolio because it was one of the main stocks in the index so it's a big
• 25:37
  call to not own one of the main stocks in the index but for us we would say well maybe we don't
• 25:43
  want to own that for XYZ reason I love Tony go Tony yeah that's good he's really good yeah yeah
• 25:49
  and so you're often involved in those conversations at home I guess you probably talk about stocks
• 25:54
  you know we don't you're not in the industry but you kind of probably feel like it totally I still
• 25:58
  feel like I have one foot in the door through him and of course he is his own person and manages all
• 26:02
  of his clients like I'm not involved in that at all but we'll chat about stocks and we'll chat about
• 26:08
  probably more like sectors and industry trends because I'm really across that with what I'm doing
• 26:13
  now yeah so I'll say well hey what about this sector what about this what about renewable energy
• 26:19
  what about when what about solar what about organic farming what about
• 26:25
  electric vehicles what's the exposure we can we get an exposure in that and does exposure mean
• 26:30
  like can we buy some stocks in that area exactly yeah that we'll give us exposure to that
• 26:35
  industry or that sector that I really believe in that I want to support that I want to grow
• 26:40
  and also this idea that I've always thought like we've always thought that if you invest your
• 26:46
  money in things that are good maybe this is naive but I don't know I've 10 years now I don't
• 26:51
  think it is that if you invest your money in companies that you believe in that are doing the
• 26:56
  right thing for people for communities for animals for the planner like those are the ones I'm
• 27:01
  getting goosebumps saying because those are the ones that are actually going to in the long term
• 27:07
  do the best maybe maybe short term no but in the long term like our investments that we have in
• 27:12
  wind farms and solar energy are completely insulated for example from the conflict at the moment
• 27:18
  with Ukraine where you know you're relying on fossil fuels that all come from that area of the
• 27:22
  world rather than going what's a way that we can we can we can still have electricity and energy
• 27:28
  but do it in a more sustainable way that's you know it has has a lower footprint on the planet
• 27:34
  and on on people like when you look at some of those communities that live in those areas where
• 27:39
  they have those fossil fuel energy plants I mean quite outside quite apart from global warming
• 27:44
  the people who live in those areas have like really high rates of cancer all sorts of chronic
• 27:49
  disease so they can't get out so here we are sitting in lovely old you know New Zealand and
• 27:55
  putting your money into something which is forcing those people to do a job that's so much bigger
• 28:01
  than just the idea of your returns or the idea of trends or the idea of the planet it's people
• 28:05
  and like at the end of the day like it doesn't really matter if the planet is surviving or not if
• 28:10
  people aren't here then yeah what's it all for you know and it's funny like you say about those
• 28:16
  you know those long run trends and when you see in quality companies that look after the air
• 28:19
  you know that look after the people look after the planet it's so true like during COVID
• 28:23
  the companies that have done well the ones that actually looked after their staff and either keep
• 28:28
  paying them or you know just took that extra step to be like hey we'll help you out because you
• 28:32
  know it's a difficult time rather than the ones that were just like in that see you later like we
• 28:36
  can't open the doors so you know like you just take that extra step to be a bit more careful
• 28:40
  with how you treat your staff then they're way more receptive to you know continuing working
• 28:45
  for you and being a part of doing a good job and the idea for and turn the company being successful
• 28:50
  and it's like the trend like talking about trends as well it's like you've got more and more
• 28:54
  countries needing to use more renewable energy it's like okay well I want to invest in the companies
• 28:59
  that are providing that or you know a part of that as well you don't want to invest in the companies
• 29:03
  that are just seeing the less and less demand for their businesses or for their operations or
• 29:09
  you know companies with using fossil fuels again just become less and less and less so it's
• 29:14
  yeah you want to position your investments that are also aligned with that trend but that trend
• 29:18
  but that trend is also a good trend if that makes sense yeah totally oh I'm just really
• 29:23
  passionate about that area and and also about women being educated in that area which obviously
• 29:27
  you girls are whereas I know for many people it's something that's it's really it's really something
• 29:33
  they're really nervous about and so so most New Zealanders will thank well soon as I've saved
• 29:39
  80k I should put a deposit down the house as opposed to maybe a five saved 80k I should
• 29:44
  do some investments in the stock but I saved 10 grand of my 80k I'll invest the 10 and grow it
• 29:49
  grow it to 80k I mean we I mean like we're tiny and I we didn't buy a house until I was like eight
• 29:56
  months pregnant because we thought we'd rather much rather have our investments and our beautiful
• 30:00
  just diversified stock portfolio than a residential property and so we really only bought that house
• 30:06
  like last minute dot com you know because and not for financial reasons for lifestyle lifestyle
• 30:12
  emotional reasons this is our place we can paint it the color we like we can insulate it the
• 30:16
  how we like and and it hasn't been a bad financial decision either but again we see that
• 30:21
  property that like properties as part of your diversified portfolio so if you're going to have
• 30:25
  a residential property don't own residential property in your stocks for example you know all
• 30:30
  like that's a great tip yeah like your whole and this is what like a private client advisor will
• 30:35
  do it's look at your whole net worth okay so you've got 150k total that's everything how much
• 30:41
  you've got in property how much have you got in industrials how much is an energy how much and
• 30:46
  and if you've got a lot of your money in a physical property then you want to adjust your stock
• 30:50
  portfolio accordingly to well first thing not to be invested in property but yet to just be
• 30:56
  looking at different you probably want to go for like some higher growth sectors because you've
• 30:59
  already got something that's really stable the really awesome thing about what you just said as
• 31:03
  well as I think because there's a lot of people that kind of forward property you know a lot of
• 31:07
  people don't have 150 200 grand just you know that's a lot of money it's really inspiring to
• 31:14
  hear that you had this amazing portfolio that was really successful and grew and you saw returns
• 31:20
  from that and that was completely aside from the New Zealand property market yeah yeah and
• 31:26
  and like in our portfolio now we will we'll have New Zealand stocks there's some great kiwi stocks
• 31:32
  to have and it's good to have exposure across you guys will talk about this here it's about
• 31:36
  exposure exposure across different sectors as well as different countries you know if all your
• 31:41
  money is in Ukraine and Russia then Europe is a problem but the same goes for everything so you
• 31:44
  just want to be diversified across different countries and different sectors which like you this is
• 31:48
  what you would do all the time but now also I think there's so much more opportunity for people to
• 31:54
  invest in these small funds which are ethically focused so even if you only have you know it's
• 32:00
  only but even if your current investment portfolio size that you have available to you
• 32:05
  is $10,000 you can still start now with one of these funds and the benefit of being in a fund
• 32:10
  is that if you're a smaller size you're still going to get all that beautiful diversification
• 32:15
  without having to buy one dollar of Tesla and one dollar of Google and what have you you know so
• 32:21
  that I think even just I can sell the options now and and I just think that's so exciting for
• 32:27
  young people the all they need I think is that confidence boost of going yes this is a good
• 32:32
  thing to do don't be scared but we don't get taught about in school or anything right so if you
• 32:36
  don't study at uni we know there's nothing about financial investments or diversification or the
• 32:42
  fact that you can yeah you you're stocks and investing to grow grow your wealth um everyone
• 32:49
  doesn't really keep moving my chair these are not farts these are chair movements maybe my chair sorry
• 32:53
  just like so you're wiggling out of the shot sorry I'm just like my back is like
• 32:58
  I'm gonna such it all but I think that's it saying to people to young people you don't necessarily
• 33:05
  need to you know when you soon as you've got some savings by house and then once you've got some more
• 33:10
  leverage up and buy another house and buy another house and this is actually a bit of a problem with
• 33:14
  the housing market and there's another option out there and the great thing is is it's hands off
• 33:19
  you know because you can if you're using one of these providers you can still be involved and
• 33:23
  choosing something that's really aligned with your fx and there are quite a few options now
• 33:29
  but it's also you're not having to be a landlord and you know um and you also don't get that
• 33:34
  downtime if people have got rental properties and they have a downtime period of two to four weeks
• 33:38
  between tenants and you have no rent you don't have that with stocks you know it's just consistent
• 33:43
  I'm conscious of the fact that we've been talking for ever and I still would like to get out of
• 33:48
  you what you actually invested in your personal portfolio that's on my list of questioning uh which
• 33:54
  I would like to get to but we're front out of time and I was just wondering Buffy if there was
• 33:59
  any chance we could do a second episode with you yeah would you have an extra half an hour to spare
• 34:04
  I would love to okay and thank you so much to talk about thank you so much for joining us but
• 34:11
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