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Are We About to Head Into a Global Recession? · The Curve

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Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
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business and stock market too.
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Brought to you by the Curve's research team that's the latest insights on what's happening
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in the stock market, companies, other money related news so that you can stay educated and
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ahead of the curve.
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You can thank us later for sounding smarter than those finance bros you need to know, Patti.
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I really miss you.
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I know.
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Oh my god, I came into the studio this morning and I've got this beautiful big mirror that
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you put in there when you left and I was like, taking selfies and I said, it's not the
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same.
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I really do.
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I do think like it's, you know, it just makes the heart graph on her.
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So many people are like, so do you infect love to either?
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I'm like, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
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I pitched that and she wasn't keen.
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We actually would have nothing to talk about.
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No.
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It's like when couples go to dinner but they've lived together.
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It's like, what do they talk about?
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I know.
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And then you know, when you play guests, they're like, what's the relationship status and
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you see people on their phone, you're like, oh, so sad.
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And it's like, is it?
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What did they just say?
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Is it?
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And they just enjoy not talking, you know?
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They play happy.
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They just having a bit of a break from conversation.
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Yeah.
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Oh my god.
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And you've had a huge like couple of weeks.
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Oh, it's been a week.
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The markets are giving me absolute whiplash.
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But then also my poor little dog, Miso, had to get hospitalized, which was pretty scary.
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I just got so frustrated that the vets were like, she was sick like a week ago and took
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her into the vet.
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And they were like, oh, just, they just sent her home and they're like, just watch
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her for 24 hours.
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It's okay.
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She eats worse, bring her back.
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I was like, okay, she's getting worse, bought her back.
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And then they sent me home again.
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And then like, this is the third time and I was just like, can you guys just fix her?
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Like honestly, stop sending your home and me having to watch her and me feeling guilty
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because she's in so much pain.
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But yes, she's back home.
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She's fine now.
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Thank goodness.
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This, the photo you sent me, well, when you were saying like she hasn't eaten for four
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or five days, I was like, oh my god, Miso is going to die.
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Like, this is not good.
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Which in dog ears, they're not eating for a week is like three months.
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Like being on survivor or something.
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Yeah.
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I mean, we did say she was a little bit podgy when we got back from New Zealand.
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Maybe she heard us and was like, right, oh my god.
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I wouldn't say she's like a live and kicking like she's alive.
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She's getting energy back.
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Um, and I would hope so after the amount of money that I spent.
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Honestly, this was only a couple of months ago for anyone that has not listened
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to the podcast like in a while.
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That was like really smug about her new pet insurance approach.
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Do you have pet insurance?
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No.
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Why would you not have insurance?
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Because I've kind of set up my own insurance fund.
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So I transfer money into a Miso fund that's building over time.
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So if anything happens, I will use that.
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But obviously the risk is tomorrow.
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She needs a back surgery.
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Look, if it had been a year later, I would have been absolutely fine.
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But the fact that it happened here, I guess, as soon as I implemented my new
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profound insurance strategy, how much were you putting in?
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Like, what was the account at?
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I was putting, the account was at 500 pounds and just kind of a, yeah.
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And I was like, okay, cool, emergency visit is like 150 pounds.
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So I was like, okay, cool.
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And then like some medication.
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Say what I didn't account for was two nights stay in hospital, which, yeah,
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is about 2000 pounds.
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I know.
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So I'm in the red.
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I've got to kind of build up that insurance policy fund thing again.
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But you know what, I kind of scrapped it.
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I scrapped it and I went, you know what?
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Sometimes you're not always right, Vic.
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And sometimes there's insurance in place for a reason.
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So yes.
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So you've got insurance now?
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I've got insurance now, yeah.
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I've had like two insurance blowouts for the last month.
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You have actually, wow, you're not really a great run.
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I feel like I just had a bit of a moment of my life where I just kind of live life
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on the edge, which really backfired.
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So I don't want to, I don't want to do that anymore.
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I want to be boring, steady, risk averse.
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But the thing is, you were in a position like you were messaging me
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like before she was out of hospital.
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And you hadn't had your third vet visit and you were like considering whether
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or not to wait for like the time or whatever, because there was another 300 pounds
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or something.
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And you were like, I wouldn't forget myself if she wasn't okay
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and I hadn't spent that money.
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And we were talking about how scary that would be if that was like a kid
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or a family member and you couldn't afford to choose the option
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that was going to keep them safe and healthy.
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Like it's, it's, it's, oh, it's being such a good reminder of,
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I don't even want to be in a position where the health of myself, my family,
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my parents, anyone that I love is in jeopardy because I can't afford to pay
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for the treatment they need.
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And that is why insurance is there is because, you know,
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so that you don't have to make those tough decisions.
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And so it's just, I'm just absolutely kicking myself that I have been,
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I've been like constantly being like, I need to get insurance,
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I need to get insurance, I just hadn't got around to it.
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And I'm like, Vic, that should have been a priority, you know,
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I like, sort your shit out of your head.
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Have you been thinking that?
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Oh, totally.
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But I thought you were quite happy with your,
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Oh, but that was only like for the last, what was it like a few months?
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Yeah, I think financially it feels shit to spend money on insurance,
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but you never know when this thing's going to happen.
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And obviously I didn't have enough money.
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My, my insurance strategy didn't play out how I wanted to because life
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doesn't play out how you want to.
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And me, so I got sick straight away.
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Whereas, you know, it's, you're just taking a gamble.
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And I think I've realized that's not a gamble that I want to take any more,
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like the stress as well, just so, so, so not worth it.
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But a positive, oh my god, what?
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When they gave her her medication, I was like, hey,
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this is made by Zoisus, which is a company I invest in.
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So I'm kind of winning in the sense that I invest in the company
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that I have to spend money on.
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So yeah, little silver lining.
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Did you get some dividends out or sell your stock for the medication?
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If it makes you feel better, I also had a financial mayor
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when I was in Australia last week.
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Oh, no.
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Yeah, I reckon this gets me every,
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often time I travel, I find it really.
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I'm just going to even like,
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as soon as I start talking to you, I'm going to be like,
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oh, I know what happened.
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Basically, I wasn't using my phone while I was over there.
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So I had it on airplane mode and I was just using Wi-Fi.
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Yeah.
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And then for the weekend, I spent most of it in like Bondi
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and, you know, wasn't in Wi-Fi.
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So I took my phone off airplane mode and was like,
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oh, how much could roaming be for the day or two days?
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Well, I just assumed I'd get like a day charge,
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like $8 a day or something, $188 later,
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for like 80 million fucking bites or whatever of data.
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I kept getting these texts,
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being like, you've used your $10.
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We're adding another, but I just thought my phone
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was working out and sending that text to you.
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Yeah, because that happens.
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No, no.
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It was just sending you heaps of reminders
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that you've gone through your tiny amounts of data
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that they're charging you $10 for.
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So I had like 18 texts.
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Oh, my God.
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You're like, oh, my God, the glitch is really, really
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frustrating.
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Hahaha.
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Calling bug roaming, excuse me, like can you
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sort your shit out?
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I couldn't believe it.
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But usually it is though.
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It's like I know, a certain amount of day.
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Just the amount of times that I've had a blow out
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with like roaming and data, the only time someone
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will send me to prison as if I haven't paid my roaming bill.
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Like, it's just so.
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I've probably got one from like five years ago
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that sent to an old address or something, it's like.
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But I think listen, it's just sound Wi-Fi.
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Yes, but like I get lost.
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I'm not very good with directions.
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What am I meant to do?
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Like, you know, I meant to be meeting friends.
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Like it's not ideal.
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Honestly, I cannot believe in this day and age.
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There's not a fucking international phone.
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I know.
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Come on, Elon.
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What is going on?
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Like we all have phones.
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We all travel, yeah, it's been.
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It's like right for disruption.
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Maybe should we start a phone?
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Come maybe when we wrap up the curve.
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We can, uh, rival Elon Musk.
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We can start a telecommunications group.
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Yeah.
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Telecommunications and tax are the two things
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that need to get with the times in terms of people working
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and moving all around the world.
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Yes.
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Yes.
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Neither which really float my boat in terms of getting into.
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That's probably why they're the two left behind.
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Float my boat is like something we've got to bring back.
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That's such a good saying.
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Honestly, I would rather just keep chatting like this and not
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because I honestly feel like as soon as this podcast comes out,
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it will probably be all incorrect.
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And because we would have done a complete U-turn
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and the markets will be moving the other direction
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or Trump would have come out and said something else.
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Honestly, I did this entire prep sheet
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and I was like, oh, this is going to be a good one.
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Woke up the next morning and it's like, oh,
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tariffs are reversed.
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Markets are really strongly, everything's kind of back to normal
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when I was like, oh, I just wanted to punch him.
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In the day I was just like, thanks, Trump.
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I mean, there's people that lost millions of dollars
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and all I did was a prep sheet, but, you know, I think.
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I just was just like, honestly.
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It's been one of the worldest weeks we've had in history
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in the stock market.
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Really?
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But honestly, we haven't seen anything like this since 2008.
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So we are living history, girl.
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Oh my God, cool.
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We're making history.
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I mean, not you and me, but like Donald Trump is making history.
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We're living in it.
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So yes, the US stock market was up nearly 10% last week,
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which is, and it was about 9% in one day,
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which is crazy and we haven't seen that since 2008.
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So yeah, I feel like I'm getting whiplash, honestly.
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It was like, this is exactly why we say,
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try and kind of ignore what's going on,
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invest for the long term,
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invest consistently, regularly,
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or that sounds boring, but like, honestly,
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who would have picked that he was gonna come out on,
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was it Thursday morning, and be like, oh, just kidding.
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I'm gonna pause tariffs.
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Do you think this is gonna make people
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way more skeptical to invest in the stock market?
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Because what Trump's kind of doing is like,
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game of firing it in the sense that like,
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if markets can go up and down that quickly,
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everyone's just gonna think, well,
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the stock market is bullshit,
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all the stock market is, do you know what I mean?
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Like I think when it comes to the stock market,
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we've spent so much time trying to educate people
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that if you invest consistently in for the long haul
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and blah, blah, blah, it goes up to the right,
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but this is kind of unprecedented times,
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and like what's happening with the ups and downs inside,
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like it's kind of not doing anyone justice
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in the sense that like, everyone's probably just a bit,
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why would I bother the stock market
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so well over the show?
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I haven't heard that word unprecedented since like,
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the pandemic, but I guess what's new is I said
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that I thought, what an idea, should I use that one?
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No, you're right, it's everyone saying it's not
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the damage is not being done in the stock market,
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the damage is being done in the long-term impacts
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that this will have, this flip-flopping from Trump,
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that the damage that will have on the US
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as an investable stock market is gonna be way more lingering
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than people are talking about what the US economy
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is gonna be like, will it be stronger, will it be weaker,
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will the rest of the global countries
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combine forces and go against the US?
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Will it mean inflation, it's like,
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but yes, that's important, but there's also something else
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going on here, which is that the US stock market
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has been like a powerhouse, you know, it has been
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the biggest stock market, it's been the most consistent
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deliverer and with someone in power that's flopping
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and having these big gyrations of movements,
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it's becoming, you're right, it's becoming,
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wow, this is way too volatile for me.
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I'm gonna go and invest in a much more stable,
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steady economy in stock market, which might be Europe,
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it might be China, it might be Australia or New Zealand,
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you know, and there's gonna be impacts like that
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that linger for for a very, very long time.
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I think a lot of the conversations that are sending me
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into a bit of a tailspin are like not so much
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the stock market, like I mean, yes, the stock market done.
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It's more, I mean, like in the weekend,
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I was away with some friends, we went to Raglan
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and we were sitting at the wall,
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hitting fish and chips and one of my friends was like,
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we were talking about Trump and we were talking about
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politics and we admit this lovely Polish girl
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who was talking about, we were just like having
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a really interesting conversation about history
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and things that have happened and what we're seeing
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in the world and it was quite cool having someone
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from Europe taking part in the conversation
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one of my friends was like, I just ready to move to a farm
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and just delete all social media
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and have nothing to do with the world.
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I don't know, I think it's easy to spiral
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and start to like think worst case scenario
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but when you see stuff that is this unhinged,
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it's kind of like doesn't feel like in spheracy theories
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anymore, it feels kind of realistic.
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Yeah.
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And you know, and the example that this girl was using
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with regards to the second world war
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because we were talking about like,
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what happened was because so many people were so desperate
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and so poor and there was such economic uncertainty
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that people just needed to sort of be told what to do
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because it was life or death, you know?
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And the idea of what Trump's doing and this like instability
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and what the flow on effects could be, I don't know,
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it's like it's kind of scary.
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Oh, definitely, it's like there's so many
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possible negative outcomes of this yet.
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A lot of people in the US will probably hanging on to
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one or two positive things that might come out of this
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but not thinking of like the flow on impacts
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or like the bigger broader impacts this will have.
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But yeah, it's kind of like propaganda, essentially.
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And this is the thing is it's like, you know, if he
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or all of his billionaire mates on all of the social media
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and data and like think about the things that you can influence
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and make people think and do and feel
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when you're kind of in charge of all of the media that we see.
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Like it is like, I think it started to spiral me beyond.
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Like I was aware of how bad it was but in my head I was like,
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oh well, it's three more years, it's three and a half years
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but actually so much of what he's doing is like outside
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of like the constitution and what has been,
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so it's like, well, what if he ends up being in power for longer?
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What if it's like ends up we're in a dictatorship?
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Like it's, I don't know, I was just like, oh my God,
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oh my God, do we all move to farms and just like live together
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and delete social media and just, we just pause the curve
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and we create the Carf Institute and we just heard lots of cows.
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Oh yeah, like that.
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Yeah.
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How to grow your herbs, water consistently and regularly
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and keep them for the long term.
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I mean, it kind of works.
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I'm here for it.
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Let's all move to the end, like just God.
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No, but there's been protests like thousands, thousands
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of people protesting in the US because of exactly that.
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It's like, this is not a democracy.
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This is a dictatorship of Trump and all his billionaire mates.
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But actually one thing that he is now being,
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I guess accused of is inside a trading.
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So because of this big kind of whiplash that we saw in the market
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where it was like, down massively, they're not massively
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because he paused these tariffs for 90 days,
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there is now questions around, he would have known that information
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and that because it information moved markets so substantially,
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people are asking questions now, hang on,
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did you collapse the stock market by shares and then increase it
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because you were privy to this information.
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So if he did anything in the slightest in terms of that
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or any of his close family or anyone,
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if he sent a text message or anything to someone saying,
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hey, look, buy stock because I'm going to reverse the tariffs tomorrow,
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that is completely and utterly illegal.
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But he's already a criminal, he's already been convicted of things
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and so maybe he just feels untouchable.
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Like, what if he actually did do that and then he just never gets
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any kind of repercussions?
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Yeah, well, I mean, he's also got power of pretty much the whole US government.
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And so, you know, any Democrat kind of standing up to him,
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trying to fight this, he'll be who should it down.
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But it just goes to show, it's like, you can't get,
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like this is just such a dictatorship if you can't,
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if you can behave illegally and get away with it.
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Like, it's absolutely barbaric.
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But I don't think it's a throw your talent and be like,
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oh my gosh, the world is full, doom and gloom,
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and I just want to go live on a farm.
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Not the farm, the herd.
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Other herb, sorry, yeah.
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I think it's a time to go, okay, this is a really great opportunity
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to make sure I'm diversified and to try and look for other opportunities.
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I think Europe and China are already having conversations with each other
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about, okay, how can we work together?
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Shit, yes.
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They haven't had conversations in years.
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Like, I've had friends here in London that jumped on trains to Paris
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because Chinese manufacturers were there to try and do business
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and they just divert it.
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So it's already happening.
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We're already seeing it unfold.
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That's amazing.
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And I think it's just going to be stronger.
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So I think there are, well, it might not seem like silver linings
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in all this, there is a whole world out there
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that resides outside of the US that is still going to want to operate
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and operate and release from a really strong position
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to counteract these tariffs and, you know, prove to the rest of the world
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that there is still innovation and growth and prosperity
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and autonomy and independence and democracy.
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But I also think it's a really important point, though,
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so because it's like, you need to vote
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because these are the people that you're voting in power
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and now you can actually see how much of an impact they can literally have on you
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and your wallet and your livelihoods.
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And your life and the people you love
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and your freedom of speech and choice and like it's actually so interesting
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because I think in the last couple of years
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I've only really honestly, maybe not even that long.
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I think since there's been so much political and economic uncertainty
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it has really highlighted that.
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I think sometimes with politics, like especially for me when I was younger,
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it did sort of feel like I had the approach of like,
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well, it's just one straw, you know?
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And like, I know that that sounds so uneducated
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and so it's actually embarrassing to admit.
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But when you see this much unfolding globally
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and that this comes down to politics,
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it just like shows the importance of being educated
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and making decisions that are, yeah, like being aware of like how much weight
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that has, it's, yeah, I can't even imagine what it would be like
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to be in the States right now, especially if you were left-wing or liberal.
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You feel pretty disheartened and unsafe.
20:46
Yeah, and I guess the flow on effect of, like we've kind of spoken about inflation,
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but, you know, we're already seeing countries getting a bit more aggressive
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on interest rate cuts because, you know, global growth isn't going to be what it was
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because of all this uncertainty and companies trying to have to move production
21:07
and manufacturing and increased costs. And so, you know, one thing we do know
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is that global growth is not going to be what it was.
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You know, if we looked at New Zealand, for example,
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our two biggest trading partners are China and the US,
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and then you've got Australia in there as well.
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And those two, you know, the US and China are having this whole tip for tat.
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And then Australia is getting caught up in the mix.
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We're getting caught up in the mix.
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So it's like, yes, we might sit there and go,
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we only got a 10% tariff or, you know, but there's,
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there's going to be flow on effects.
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But we're already seeing New Zealand's cut interest rates this week.
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What does that mean again?
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So that means that you're not going to get as much money
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on your savings in the bank.
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So term deposit rates come down, but it's done to stimulate the economy.
21:51
So it's done to help grow the economy because it means people aren't saving as much,
21:56
they're spending, they're taking on debt because debt is cheaper.
21:59
Mortgage rates come down, so it's used as a lever
22:03
to kind of get put fire in the belly of economies.
22:07
So we will probably see this play out in a lot more countries around the world,
22:12
which unfortunately means people that have a lot of money in term deposits
22:20
are going to be the most impacted.
22:22
And who are those people?
22:24
Oh my god, elderly people.
22:27
This is really hitting the retirees.
22:30
Not only have a small amount in shares, not only is that, you know,
22:35
falling off a cliff, well, I'm sorry, that was dramatic.
22:37
That was not falling off a cliff.
22:40
I've been reading too many headlines.
22:42
Yeah, yeah, yeah.
22:43
It's blood on the streets.
22:46
It's a sea of rage.
22:50
Not only is the stock market falling, but if we're now seeing low interest rates,
22:55
the rest of their portfolios or investments,
22:58
and money that they have in term deposits is not going to be growing as much.
23:01
So, you know, we can sit here and be like,
23:04
oh, that's, oh, that sucks.
23:05
But, you know, we've got five years, we've got tenure, we've got 20 years.
23:08
Oh my god, that's so true.
23:09
They probably don't.
23:11
And they're trying to live off this money.
23:13
So we blame Trump for that though, or is that the government that's making those decisions?
23:17
Because interest rates coming down is something that happens all the time, isn't it?
23:22
So this isn't drastically different, what it is when interest rates are down at other times, is it?
23:29
Yes, but it's a byproduct of all of this situation that's going on.
23:34
Because if we take New Zealand, for example, you know, if we're not exporting as much,
23:40
because our two, three major countries aren't,
23:44
training partners aren't growing as fast, we're not exporting as much.
23:47
We don't need to hire as many people in those, you know,
23:50
in agriculture and tourism or whatever, and hospitality suffers.
23:54
So the way to stimulate that is to reduce interest rates.
23:58
So it is a byproduct of lower global growth that we're going to be seeing.
24:04
Which is when everyone's talking about like the fears of a recession,
24:07
that is really what this is about, which is interest rates going down is because people
24:11
don't really want to spend money.
24:12
And if it's cheaper to borrow and be in debt, more people are likely to do it,
24:16
which will help stimulate the economy.
24:18
So it's that whole circular thing.
24:20
What do you think is there like actually genuine fear of a global recession?
24:25
Like is that what economists are thinking?
24:28
I don't think a global recession.
24:29
I just think it's going to be lower growth than that, than was expected.
24:33
And there will probably be countries that will head into recession.
24:37
And, you know, countries where that do rely on the US a lot.
24:43
The US itself could even head into recession.
24:46
There's talk of that.
24:47
I mean, there's so many kind of what ifs at the moment.
24:50
I feel like there's almost this weird feeling of like what if the US comes out stronger
24:56
and better than ever?
24:57
Like what if everyone moves all of them manufacturing to the US?
25:01
What if all of a sudden the US is so dominant that it's almost the opposite of what you said before.
25:07
Where other economies don't start thriving.
25:09
And actually it's all centered in the US because there's no other way to do it.
25:12
And people are just like, well, that's why Trump has done this.
25:16
Because that's right.
25:17
No, no, I know.
25:17
But like a nation if that's actually what happens.
25:19
Yeah.
25:20
I mean, their unemployment is at 4%.
25:23
It's at like all time lows, not all time.
25:26
But it's at such a low level.
25:27
I mean, where are they getting all these hundreds of thousands of people
25:32
into these jobs if they're going to move the manufacturing?
25:34
And it's going to take years to move this.
25:38
This is not, you know, Apple overnight going,
25:41
OK, cool, we can now manufacture iPhones in the US.
25:44
And if we, if they did do that, iPhones are expected to jump in,
25:52
you know, there's talks of three, three and a half thousand dollar iPhones.
25:56
You know, because, OK, well, if you're going to get all your parts from America,
25:59
you're going to make them all America, you're going to pay American wages.
26:02
That's the price.
26:03
And then, you know, does it really mean that we're not going to be buying iPhones?
26:08
Or, you know, we're going to have less presence under the Christmas tree,
26:12
or less, you know, food in the fridge.
26:14
It's like, no, we're going to be paying those prices.
26:18
But in order to do that, the wages have to go up.
26:20
You know, it's like a whole cycle.
26:22
So it's, it's just inflation is like screaming inflation right now
26:27
in terms of the price of everything is going up,
26:30
which we know we've been there very recently.
26:33
We were at 40-year highs of inflation
26:37
and look at all the countries that we're suffering.
26:39
And that's why we had to decrease interest rates.
26:42
So I kind of, I don't see how the US can absorb all of this
26:51
if that's its plan and not have incredible
26:55
reverberations in terms of high inflation and all of that,
27:00
which is going to negatively impact the economy.
27:02
So it's so catch-22 because you can't have one thing without the other.
27:07
And so maybe it means tax cuts.
27:10
Isn't the problem, though, that like,
27:12
if inflation continues or gets more out of control,
27:15
but we've already lowered our interest rates to try and combat
27:19
the fact that no one's already spending,
27:21
is there a risk of like that thing going into like deflation
27:25
where it's like we're actually the opposite happens?
27:28
Or I remember a while ago you saying like,
27:31
the reason you can't bring interest rates down too much
27:34
is because you need to be able to have levers to pull
27:37
in case inflation or something happens and you pull them down.
27:41
Like if they're already quite low,
27:43
is there danger of it being the opposite of inflation?
27:47
Or is that not really a thing?
27:48
Well, you get such a balancing act, right?
27:50
It's like you can't move them too far either way
27:54
because it does impact inflation.
27:57
But if you get to 0% and you've still got inflation out of control,
28:02
then you go into negative interest rates,
28:04
which is an absolute mind boggle.
28:09
You're effectively paying the bank to hold your money.
28:13
And it's just like, it kind of breaks the system really.
28:17
Like Japan had negative interest rates.
28:19
But yeah, that's a whole can of worms
28:23
which we don't want to go into.
28:24
And that's why you've got to be,
28:25
I mean, there's other levers you can pull,
28:27
you can do tax cuts,
28:29
but then that means that you've got less
28:31
like the government's got less income to spend on things like
28:34
hospitals and schools and you know,
28:36
so there's, it's just like just let don't,
28:39
don't effort the system, you know?
28:41
Like just like, as soon as you start kind of prodding it massively,
28:47
it just kind of gets out of control.
28:50
The Curve Investing Club is the world's first digital investing club
28:54
for women to build their wealth.
28:55
It's a place where industry experts like myself
28:58
and beginners can really, really join forces
29:01
to share knowledge, swap ideas and make money through investing.
29:04
So if you're listening to this podcast,
29:06
you probably are aware that saving alone
29:09
unfortunately can't make your millionaire,
29:11
but investing definitely could.
29:13
So we wholeheartedly believe in the power of community
29:16
in that the best investment ideas come
29:19
when we collaborate and learn with each other.
29:21
So bring your friends, your mum,
29:24
even strangers on the street if you want.
29:26
There really is strength in numbers
29:28
and we're so excited to create a community that's just for you.
29:34
I think I just want to kind of summarise
29:37
is like some really great advice that I read
29:39
from Scott Galloway who is like,
29:43
your dream man slash, you know,
29:45
slightly.
29:46
Try to get him on the podcast,
29:48
but it hasn't worked.
29:49
What ever happened to that?
29:51
I keep chasing him, you know.
29:53
Let's do it again, let's let's send him this clip
29:55
so that he can just look at a total fangirl.
29:59
But he said, never make decisions during emotional trauma
30:03
and it's so true whether you're getting divorced,
30:07
whether you're, whether someone's died,
30:09
whether you know, like just do not make,
30:12
and right now I'm not putting right now into those buckets,
30:15
but like it's similar.
30:16
It's like don't make decisions when you're emotional
30:19
because yes, you might be like,
30:21
damn it, I didn't sell, you know, back in February.
30:26
I didn't, I shouldn't, you know,
30:27
I was going to sell some stocks and I didn't.
30:29
And, you know, say you sold them earlier this week.
30:33
And then the next day Trump comes out
30:35
and markets have absolutely skyrocketed.
30:37
Like the emotional distress of that
30:41
and the mental health impacts of you selling
30:44
at the wrong time is far greater
30:48
than, you know, you're not selling back in February.
30:51
So it's like, just don't try, try not to get caught up.
30:53
I know we're educating and I know we're giving you
30:56
information about what's going on.
30:58
But, you know, don't feel like you have to react
31:01
to any of this is, you know, because it is emotional
31:05
and it is stressful.
31:07
And we are sitting here going, oh my gosh,
31:09
what's the world going to look like?
31:10
How is this going to impact, you know, our country,
31:13
our jobs, our businesses.
31:15
But, you know, I think just having a plan and sticking to it,
31:20
it's times like these where we're like, okay,
31:22
that is why you realize that's why you have a plan.
31:24
It's the same when it comes to, you know,
31:28
having life insurance so that if you,
31:30
if you or someone that you love passes away,
31:32
you know, you've got a plan, you've got stuff in place,
31:35
having a prenup so if you go through a divorce,
31:37
you don't have to make those rash decisions
31:39
in an emotional state.
31:40
It's like, like having pet insurance
31:43
so that when your pet is sick.
31:45
It's like going out, it's like deciding
31:47
what you want to do when you're sober,
31:49
not when you're drunk.
31:51
Yeah, you know, it's like,
31:53
are you in the mood for a bender?
31:55
Yes or no, don't make that decision
31:57
when you've had four margaritas.
31:59
Do you know what I mean?
32:00
It's like make that decision when you're sober
32:03
and in a right mind.
32:05
Yes.
32:05
You have to remember the plan and stick to it.
32:08
Put a stick in the background on your phone.
32:10
Maybe it needs to be like, do not panic sell my shares
32:13
or like remember the, what's like,
32:16
I had a friend message me saying,
32:18
lol, I've lost $47,000 in the last week.
32:21
And I was like, remember, you haven't lost that.
32:23
And she was like, life is gonna laugh at this point.
32:25
That's the problem though, I was like,
32:27
she's laughing about it so it's fine.
32:29
But as soon as you, if you were to spiral
32:31
and then make your decision,
32:32
that could be like catastrophic.
32:34
Oh, and you're so right.
32:37
You're so right, she hasn't lost that.
32:39
Do you know what I mean?
32:40
Like it's so easy to be like,
32:41
oh my gosh, I've just lost 30%
32:43
or $47,000.
32:46
But no, you haven't.
32:47
Unless you actually react, that's when you have lost it.
32:52
Yes, don't make the decision.
32:54
Yeah, don't make the decision
32:56
if you're not in a good frame of mind.
32:59
Oh yeah, oh my god, there's so many good memes
33:01
going around at the moment about the stock market.
33:02
I love it. It's like, there's this like DJ
33:06
and he's like, when your portfolio goes
33:08
from negative 70 to negative 30
33:09
and he's like, blah, blah, blah.
33:11
Oh my god, there's some such good ones of like,
33:16
what's that movie with?
33:17
There's a three of them in the car
33:18
and they're singing it anyway.
33:19
There's one in the back and she's like, gold
33:21
and she's like, blah, blah, blah, blah.
33:23
And then there's like Bitcoin and stocks
33:27
are just like, absolutely not enjoying it at all
33:30
and they've just got these sour looks on their faces
33:32
and she's just like, blah, blah, blah, blah.
33:35
Oh my god, it's so funny.
33:36
That's actually quite funny
33:37
because I did actually buy gold and it's not like it's,
33:40
I put a little bit in gold and the ETF
33:42
that we spoke about in the investing club.
33:44
Oh yeah.
33:45
And it's just been interesting to watch it.
33:47
Like, I know you always talk about how gold
33:49
is like so safe and blah, blah, blah.
33:51
If you zoom out on like three years, five years,
33:53
it is just so steady.
33:56
It's also boring.
33:57
But yeah, it's so boring.
33:58
Sometimes we like boring.
33:59
We like the mild.
34:00
We like the mild curries.
34:02
We like insurance and we like sometimes a mild curry.
34:05
Yes, sometimes, you know, living life on the edge
34:08
is exhausting.
34:09
Depping seeds always have insurance, always have a plan.
34:13
And if it all goes tits up, please follow us at the herb.
34:21
Oh my god.
34:24
We're taking herb requests.
34:25
If you want us to grow a rosemary basil,
34:27
well, we're open.
34:29
We're open to anything.
34:30
Yeah.
34:31
We're diversifying, you know?
34:33
In fact, we'll consider planting tomatoes
34:38
or lettuce if we have to.
34:40
Yeah.
34:40
We can diversify away from herbs if we must.
34:42
Yeah.
34:43
Have a good week.
34:43
And we're not going to talk about anything else except Trump.
34:46
I don't think anyone cares about other stuff right now.
34:49
Yeah.
34:50
When there's, you know, Trump headlines.
34:52
But I'll include some more non-Trump stuff next week.
34:56
We also have a meeting now, which we're 10 months later.
35:00
Oh, that's what we're talking about.
35:02
Oh, I see.
35:03
That's why.
35:04
Uh, no, there's nothing else to report on.
35:06
There's nothing else to say.
35:07
There's nothing else.
35:12
Dock to you soon.
35:13
Okay, bye.
35:14
Okay, bye.
35:17
Thank you so much for listening to The Curve Weekly.
35:19
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35:21
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35:23
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35:25
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35:27
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35:30
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35:32
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35:35
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35:40
Bye.
35:41
Bye.
35:42
So yeah, see you next Tuesday.
35:45
Well,
35:47
see you next Tuesday.
35:48
I mean, Monday.
35:49
No, actually though, new episodes out every Tuesday.
35:56
Okay, quickly, the curve was created to empower and educate you about investing.
35:59
But we are not financial advisors.
36:01
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36:04
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36:07
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36:11
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36:13
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36:16
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36:18
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36:20
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36:21
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36:22
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