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Owen Raszkiewicz

πŸ‘€ Speaker
1164 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

They're not taking into account any of your personal circumstance, situation, risk profile, goals.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

star sign whatever your belief system is your religion it doesn't take into account any of that and we also highly encourage you to speak to a financial planner and make sure you read the product disclosure statement or pds if we mention things like insurance super managed funds all those things please make sure you check it out investing is risky and finance can be risky at times too so take your time and do your research

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

D-Y-O-R.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Yes.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Seems to cop out for a lot of people online who give crap advice, but seriously, make sure you speak to a professional if you are confused.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Okay, so we've got some great questions coming in.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Kate, I think I'm probably going to answer this one, so maybe you can ask the question.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Well, this is a good problem to have.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

We don't know who this has come from, but it's a good problem to have.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

So there are a few considerations here.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

If you're sitting on 263% of gains, you're obviously thinking, maybe I should take some off the table now, lock in some profit.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Or you're thinking, maybe this has run its race and it's now time to move on to something better.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

So there's two ways that I would approach this.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

And it comes back to something called your investment thesis.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

So your investment thesis is basically your reason for investing in something.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

And this is what a lot of people don't do is really give time to this before you make the decision.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

So most people like trigger happy, shoot first, ask questions later.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

I'm not saying it happened here, but...

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

What we do at Rask and what we encourage every investor to do is write down your reasons for doing something in advance.

Australian Finance Podcast
Q&A: Owning 10 ETFs, 263% gains, negative rates & saving cash at uni

Because when things do go wrong or things start to look a bit shaky later on, you can come back to that and you'll be like, well, this is the reason that I bought it.