Saving rates up, lock in your fuel, FinFest & Monique’s homemade gifts [Money & Chill]
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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.
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You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. Welcome to this episode of Money and Chill on the Australian Finance Podcast. Kate Campbell, how are you going?
I am going well.
Mini Pizza slash Monique, how are you going? Not bad. That's wonderful. Today we are sporting fancy tops.
Yeah.
I think I've got a different memo to the rest of us.
Off to work. We were trying to represent the chill bit of muddy and chill, but you look like you're about to go dig a hole.
My golden pash just squirted on the table.
Yes, the golden pash juice box that Owen is drinking was a R U OK? gift from another company. So hopefully you are OK, Owen. I mean, juice box should help.
This is our more relaxed episode. So that's why we have different clothes on if you're watching on YouTube. And it's also why we take a bit of a more laid back approach is we can just have a bit of a conversation. You can get to know us. We'll share some things that happened. We'll share a money tip. Yeah. go over what's happening. We'll get some feedback from everyone that's written into us as a result of our savings accounts and term deposits episode.
Which is great. And share a little bit of what we're up to at the moment in behind the scenes with Rusk and what we're up to over the next few months. So if you want a serious episode, we've got nearly 250 other episodes for that. But this is just a fun time where we can talk about money and personal finance in a laid back way because we like having these conversations anyway and we've had a lot of positive feedback so far. So... Without further ado, Owen, maybe you can give us a bit of a rundown of what's been happening in the market since we last caught up for Money and Chill.
Yeah, there's been a lot. The stock market fell the other day. That's not my punchline. That is actually what happened.
Down 4% in the US in one day.
Yes. Typically, the stock market either rises or it falls from one day to the next.
It doesn't stay the same every day.
There is a chance that it does end up at exactly the same point, but I can't remember that happening. So, it's either up or down. And when it's down, the media makes a frenzy of it. But it's probably reasonable. I think the US stock market fell about 4%. The Aussie stock market fell about 2.6% in one day. And the media headline was, worst fall in two years. So my good friend Scott Phillips from The Motley Fool kind of inverted this logic a bit, which I thought was really eloquent.
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