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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You know, even on the super side, if you're going in, you look at members guides and PDSs.

You've just really got to know what you're getting into and

You know, people say to me, oh, I've inherited some money.

You know, what stock should I invest in?

And it's like you don't invest in something you don't know.

And even with the Sapphire portfolio here in Australia, I personally have never been invested in Bitcoin.

Because why?

Because I didn't really understand it.

This is a few years ago when all my mates are getting into it.

Yeah, but I'm not going to invest in something I don't understand.

And I think that's a key point.

Whereas a mate said, hey, I've got $10,000 I've inherited.

What stock should I buy?

And I said, well, what do you mean what stock should you buy?

And he said, well, you have BHP, CBO.

I said, what do you mean?

He goes, well, that's what you do when you have money.

And it's like, no, no, no.

You have to educate yourself and take the time to read all the product disclosure statements.

Even something from the Royal Commission is part of the topic in the financial services is fees.

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