Brendan Malone

speaker

224 appearances 1 recordings 1 series first heard Nov 2020 last heard Nov 2020

Brendan Malone’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · How to invest with just $5 (micro-investing in Australia) · 2 Nov 2020 podcast

Yeah, right.

And that might be a 34-year-old male, for example.

Then you go, then there's another 34-year-old male that will have the smaller amount in the conservative and they go, actually, I want my longer term, the super product, on the aggressive.

So there's no, like we thought, we did some modelling, we thought it would be...

uh you know straight down the line but the bigger the balance it's a bit like when people are buying things on on the internet i find that and the feedback we get is the bigger the screen the bigger the purchase i will buy some shoes or something or my dinner or my uber on my phone but if i'm going to buy a laptop or a tv or a holiday i usually go to the bigger laptop or or computer screen

So the bigger balance, they probably more sit to that moderate conservative, but the smaller balance is they're being a bit more aggressive with it.

Yes, yeah.

Look, if we had to model it, I would be along those same lines, Owen.

It's just very interesting.

It is.

Did you see a lot of people changing their super earlier this year?

Not so much their super.

What we did see, and, like, I use the example that going back a few years ago with Brexit and Trump, when Brexit happened earlier on in the year, people withdrew their money out of the Raise app.

because they weren't sure, they were concerned, the markets took a dip.

By the time, was it November, when the Trump election versus Hillary was on, people weren't withdrawing their money, they were moving down the curve, going from the aggressive portfolio

And we spent a lot of time and effort educating and informing the customers that you don't have to withdraw your money, there is this risk curve.

And fortunately for that, there was a bit of a bump in the market pretty much immediately, whereas in the Brexit it took a bit of time to climb back up.

So we have educated a lot of people.

So when COVID came around, they were moving down the risk curve instead of just withdrawing.

Yeah, very interesting.

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