Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

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Australian Finance Podcast 40 min 4 speakers 2 chapters transcribed 3 months ago
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Owen Raszkiewicz 0:00
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. 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.
Owen Raszkiewicz 0:45
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. Thanks for tuning in to today's podcast.
Owen Raszkiewicz 1:27
Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information. And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance.
Owen Raszkiewicz 2:03
Kate, welcome to this episode of the Australian Finance Podcast. Good to be back, Owen. We have a very special guest with us today, Pat Wright from the ABC. Pat, how are you doing? Really good. How are you guys going? Very good, mate. Very good. Yeah, we're stoked to have you in recording with us. We're here in Melbourne at our usual haunt, which is Flinders Lane. Mm-hmm. And today we're talking about deciphering the financial news and who better to be our field guide than yourself. We've got a heap of questions here about how we can make better decisions in terms of getting information into our consciousness, how we make decisions based on that information, how we verify it, etc., Let's start with a bit about you.
Owen Raszkiewicz 2:43
Tell us a bit about yourself, what you do day to day and why you do it.
Pat Wright 2:49
Yeah, sure. Well, first of all, thanks for having me, guys. Pleasure to be here. I'm a big fan. So I guess a bit about me. So I'm living in Geelong now. I spend a lot of time living in Melbourne. And I've been a journalist for about nine years now. So I started with the ABC in 2012. And that was towards the end of my, just was in the third year of my uni course, journalism. And I was doing an internship at the ABC. And luckily enough, there was some casual work going and I got a casual job there. And that was just in the kind of national newsrooms, doing a lot of national, international news. And since then, I've had a few different jobs. I worked in Brisbane for a few years, then I moved down to Melbourne.
Pat Wright 3:29
I was working in international news for a little bit, and I was doing some kind of state-based reporting and producing for online news at the ABC. And Most recently, I've been working at ABC every day. And so we're really aiming at talking about lifestyle topics to an audience under 45. So we do stuff about personal finances, about careers. We also do things about food, travel, and things like that. And it's a really interesting job because I guess I get to do a lot of different types of stories. I do a lot about money, but that's not the only kind of thing I get to do, which is good.

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