Owen Rascovitch

Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk.

You can learn more about the WealthBuilder range of ETFs at the BetaShares website.

And don't forget to read the PDS and TMD to decide if it's right for you.

BetaShares Capital Limited is the issuer.

Here's something worth knowing if you've been meaning to make the switch to a better broker.

To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000.

For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead.

Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform.

If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look.

You'll find all of the details at perla.com slash lp slash rask.

That's perla.com slash lp slash rask.

The Australian Finance Podcast is provided for educational purposes only.

The information is general in nature and does not take into account your needs, goals or objectives.

What that means is the information does not apply to you specifically.

So consider getting the advice of a licensed and trusted professional before acting on the information.

Kate, welcome to the second episode of the Australian Finance Podcast.

Now, it might sound a little bit daunting.

I think I read in a book once that...

looking at your finances and actually like figuring out where your money goes is about as scary as standing naked in front of a crowd of people yeah that one wow that was from melissa brown so it can be daunting it can also be pretty boring it can be pretty yeah like i said just scary i guess yeah but it's really important and especially if you don't currently know where all your money is going the outgoings it's taking a good look can be quite surprising

That's right.