Investor bootcamp, common investing mistakes & understanding yourself
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What are the essential foundations for new investors?
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. 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.
Hello, I'm Kate Campbell. And I'm Owen Rask. And you're listening to the Australian Finance Podcast.
A podcast where we talk about money, finance, investing and all that good stuff.
We're helping you invest your time and money better one podcast episode at a time.
Yes, so please subscribe if you like the series. And don't forget you can find us on social media. We're on all the platforms. Kate, where can people go?
You can find us on Instagram and Twitter at Rask Australia. That's R-A-S-K Australia.
And I'm Owen Rask on Twitter or Owen Rask AU on Instagram. Beware the imitators. People like to copy us. Without further ado, let's jump into today's episode. Okay, Campbell, welcome to this episode of the Australian Finance Podcast. It is wonderful to be back, Owen. Yeah, we've got a very special guest. Tom, welcome to the studio. Thanks so much for having me. Yeah, it's a twist of fate, you know. You're at InvestSmart. Kate was at InvestSmart. InvestSmart's a sponsor of the show. We're talking about investing today. We're talking about the bootcamp which you run, which is going to be great because you're an educator.
That's right. Get to help people, get to help them with investment planning and learning about different assets. It's great.
Yeah, great. So, we'll talk about what goes into that. But maybe, Kate, is it okay if we start with a bit of Tom's background and how you came to be in the position that you're in helping people get started investing?
Yeah, that's a good place to start. I was at uni doing commerce, accounting, following the footsteps of dad, liking numbers because it's very logical as well, usually, except when it comes to tax law, I guess.
What common investing mistakes should beginners avoid?
But I found myself in the finance section of the library, just getting any book I could find about investing. Even back then, I was really into the idea that technical analysis could help people predict prices on charts. And I finished uni, got into a job where I was trading foreign exchange. And I found that the biggest component of that was psychology. That was the integral part. And what I did was I went back to uni. Did a psychology degree. And I was like, maybe I could actually be someone. I got on that show Billions where there's a psychiatrist that treats the traders. But I thought, no, I'll go back into the workforce and actually work in a company like that. So I went to a financial services brokering firm, which did a number of different assets.
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Chapters
8 chapters
1
What are the essential foundations for new investors?
0:00–3:16
2
What common investing mistakes should beginners avoid?
3:16–7:32
3
How important is understanding your personality as an investor?
7:32–11:46
4
What role does financial literacy play in mental health?
11:46–16:08
5
How can investors develop a solid investment plan?
16:08–20:37
6
What are the different types of investment vehicles available?
20:37–26:48
7
How does psychology influence investment decisions?
26:48–34:06
8
What resources can help kickstart your investing journey?
34:06–42:58
Speakers
4 identifiedMore from Australian Finance Podcast
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