Investing with less than $5k & building an investor mindset | Evan Lucas from InvestSMART
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Can you invest with less than $5,000?
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 RASC. That's perla.com slash LP slash RASC. Hey there, here's a quick note.
This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes. Kate, welcome to this episode of the Australian Finance Podcast.
It is good to be back, Owen.
Yes, it is indeed. We have a very special guest in the studio with us today. Special guest. Special guest. Kate, I might let you do a bit of an intro to our guest because I know you've worked together in the past. So, familiar faces.
Evan, welcome to the studio. Thanks for having me, Casey. And again, look at that.
Look at that.
We're talking about off air. Like this is a bit weird sitting next to people. Look, you're actually real people. And actually sitting across like you guys, I've also spent my entire two and a half years since the pandemic started cozied up in a room talking through a mic like this, but with a computer in front of me. So it is nice to sit here and actually speak to real people.
Now, yeah, listeners won't know, but I actually worked with Evan at InvestSmart for a few years, a few years ago, pre-COVID almost. And you're the Chief Market Strategist, Head of Strategy. What does that role entail? Because I don't think we've had anyone with that title before on the show.
No, you haven't.
What are the benefits of long-term investing?
And what does it entail? So that's the way I answer the question back is saying strategy is the one thing that I don't think people fully understand. And why I say that is when you look at investing, my background originally was bottom-up research, sitting there doing the fundamentals. I want to know that sort of stuff that you've done in the past too and literally burying yourself deep, deep into the financials and just loving that. And I did, and I don't deny that. But the thing that kept coming up more and more and more and more as I kept going through my career was that it's all well and good to know the fundamentals. It's all well and good to then try and tell clients, this is why BHP is absolutely rock solid, blah, blah, blah, or why you need to get out of ANZ and go into NAB because of all this stuff.
Bottom-up research. There was no strategy to it. There's no understanding that right now is a great point to sort of answer your question, Kate, about why strategy is absolutely paramount because without a strategy right now, you're going to stuff up. Let's be honest. So what is forgotten right now is that the ASX is down four and a bit percent year to date.
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