Kate & Owen's investing checklist for new investors (our complete guide & Google Doc)
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What should new investors consider before starting?
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.
Why is it important to know your financial goals?
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.
How does debt affect your ability to invest?
People like to copy us. Without further ado, let's jump in to today's episode. Kate Campbell, welcome to this episode of the Australian Finance Podcast. How are you going?
I'm going very well, Owen, and excited to chat about investing today.
Yeah, we're talking investing. We're talking more share investing, kind of any investing, really. And we've got a download for people.
Yes. So this episode is for people new to investing or maybe people returning to investing after a short time away or people that are going, that investing thing sounds interesting, but a bit too hard.
Yes, we are recording this in mid-November 2022. And why this is so exciting, I think, Kate, is that the stock market in 2022 has had a bit of a rough time. And I think if you look forward, now is probably one of the best times in the last five years to be investing. Because all of a sudden, everything is a bit cheaper. If you're starting to revisit the idea of investing, you're thinking, well, maybe I can get a better deal.
Why is building an emergency fund crucial for investors?
Like in the stock market, when things fall, we tend to get scared. But if you think about it, that's probably the time when you want to start buying things. Yeah. So if you are interested in investing, if you haven't invested yet, but you want to, or if you were investing and you think, maybe I should get back into it, this is the episode for you because we're going to talk about things you can do, things you need to know, and kind of all of our years of wisdom distilled into one thing to say, here's what you should be doing before you invest or just when you're getting started.
Yeah, it's our new investor checklist. And these are the things that we would tell our friends and family who are interested in investing. Hey, these are some things you should do or think about or learn about before you get started.
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Chapters
8 chapters
1
What should new investors consider before starting?
0:00–1:29
2
Why is it important to know your financial goals?
1:29–2:12
3
How does debt affect your ability to invest?
2:12–3:14
4
Why is building an emergency fund crucial for investors?
3:14–4:20
5
What steps should you take to choose a brokerage account?
4:20–5:14
6
How can learning about investing improve your confidence?
5:14–6:17
7
What are the benefits of using Exchange Traded Funds (ETFs)?
6:17–7:12
8
How can you effectively manage and track your investments?
7:12–26:20
Speakers
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