Evan Lucas
speaker
1,534 appearances
4 recordings
1 series
first heard Jun 2022
last heard Jan 2023
Evan Lucas’s voice in public audio — every appearance, attributed to the second.
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Appearances
$14.95 or $19.95 to get in and then to get out.
So if you're buying $100 worth of something, realistically it's costing you $114.95 and your brokerage therefore is 14 and 95%, near enough to 15%.
That is huge.
So be aware that, yeah, micro-investing can start you and can certainly help with your habits of growing your habits in a really positive way, but the costs sometimes can be detrimental to you.
But don't let me put that away.
Just remember that.
You do want to therefore think about starting with some form of balance.
I think you need to probably start with a couple of thousand at the minimum.
So, we'll talk about obviously stuff that Investmart does now because I think that's probably the way to segue to that, which is one of the things we know we all love and do is spending, right?
We're really, really good at spending.
And not only that, there is a reason retail therapy is out there.
It's actually a thing, right?
So, physiologically, it actually triggers a good feeling.
It helps actually also fight off sadness.
And then you got this thing that you're like, sweet, fantastic.
So what Investmark thought about was, okay, how can we turn your spending habits into an investment habit?
And particularly what was also seen during the COVID lockdown that you're alluding to there, Kate, is buy now, pay later exploded.
And we know about buy now, pay later.
Let's not talk about it because it's personally something that I find quite interesting for the wrong reasons.
So our idea was, okay, if you're happy to spend, what if we offered that spending habit as an investment habit?
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