Interesting Business Pivots & Side Hustles During COVID-19
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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.
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.
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. In this episode of the Australian Finance Podcast, Kate and I are talking about business pivots. All of those small businesses that have adapted to COVID-19 and the restrictions and kind of made a go of it in spite of all the uncertainty and risks associated with starting a new business.
We hear about stories of an eco-accommodation lodge that has turned into a bakery. We hear about stories of personal trainers who now sell kettlebells and all different types of things in this episode. If you run a small business or if your friend or family member does and they've made one of these pivots, we'd love to hear about it. So email us at podcast at rask.com.au. And if we like what we hear, if it's pretty inspirational, we'll share it and promote your business on the podcast. We'd love to hear from you. As always, we hope you enjoy this episode of the Australian Finance Podcast. Kate, welcome to this episode of the Australian Finance Podcast.
It's good to be back, Owen, on another sunny morning in Melbourne.
Yes, it is indeed. Just looking around my shoulder. It's a bit frosty, but it's lovely. What are we talking about?
Well, hopefully we'll be back doing things in person at the moment. But at the moment, we're going to be talking about some of the interesting business pivots and side hustles we have seen over the last few months that have emerged out of the coronavirus. And I've been amazed at some of the things I've seen on Instagram and Twitter and on the news of what people are doing during this time. It's been amazing. There's been really awful bits, but there's been some amazing examples of businesses turning things around and changing their business model to ensure they survive and can keep employing their staff during this time.
Yeah, it's one of those things like you get a lot of bad news when there's a pandemic on, right? You get like negative, like the morning news really is just a red background and there's virus and there's this and there's death and whatever. But then, and it's also the economic news, unemployment, business closing,
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