Q&A: Retiring without a home, neobanks, ETF ‘L plates’ & choosing a broker

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Australian Finance Podcast 47 min 3 speakers 8 chapters transcribed 3 months ago
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What are challenger banks and how do they differ from traditional banks?

Owen Rask 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 Rask 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.

Is it possible to retire without owning a home?

Owen Rask 0:57
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. 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.

Why should investors consider alternatives to bonds?

Kate Campbell 1:42
Hello, I'm Kate Campbell. And I'm Owen Rask. And you're listening to the Australian Finance Podcast.
Owen Rask 1:47
A podcast where we talk about money, finance, investing and all that good stuff.
Kate Campbell 1:50
We're helping you invest your time and money better one podcast episode at a time.
Owen Rask 1:54
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?
Kate Campbell 2:01
You can find us on Instagram and Twitter at Rask Australia.

What should you know about internationally domiciled ETFs?

Kate Campbell 2:04
That's R-A-S-K Australia.
Owen Rask 2:07
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.
Unknown 2:19
La menta cabula, bibbidi-bobbidi-boo. Looking together and what have you got? Bibbidi-bobbidi-boo. Salagadoola menta cabula, bibbidi-bobbidi-boo.
Owen Rask 2:31
Kate Campbell, welcome to this episode of the Australian Finance Podcast.

How do ETF tax details affect Australian investors?

Kate Campbell 2:34
It is wonderful to be back, Owen, for a Q&A today.
Owen Rask 2:37
Yeah, we've got some questions. These are so much fun. I always love the Q&A sessions.
Kate Campbell 2:42
Yeah, we haven't done too many this year because we've been distracted with so many other good topics like exchange rate of funds and shares and all sorts of things that have popped up. But it's time to open up the inbox and answer a few questions today.
Owen Rask 2:55
Yes, if you do want to send a question to us, Kate and I, on the Australian Finance Podcast, the way to do it is to head to any of the RASC websites. And in the menu, there is ask a question. Click that. It takes you through a form.

What is broker analysis paralysis and how can you overcome it?

Owen Rask 3:10
You select the Australian Finance Podcast. There will also be a link in the show notes. Very simple. Ask a question and hopefully we can answer it on the show. Just an extra disclaimer. It's important, Kate. What we like to say is that any of the information that is delivered in this podcast is strictly general financial information only. Because we don't know personal circumstances, because we don't know your goals, your objectives, we simply cannot offer personalized advice. So the way to go is to speak to a financial planner who can do that for you. And if we do mention things like ETFs or shares,

How can you choose the right broker for your investment needs?

Owen Rask 3:45
Just remember that some of those things will have a PDS, a product disclosure statement. Go and check that out. I just treat the podcast, to be honest, Kate, as more educational. Don't just act on what we say.

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