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Australian Finance Podcast

Top Rask community investing resources in 2021

25 Nov 2021

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What investing resources did the Rask community recommend?

0.031 - 26.345 Owen

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.

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26.786 - 44.868 Owen

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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45.469 - 63.24 Owen

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.

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63.721 - 70.993 Owen

Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform.

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Chapter 2: How can superannuation kick-start your investing journey?

70.973 - 89.438 Owen

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.

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89.418 - 110.143 Owen

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. Marty K. Campbell, welcome to this episode of the Australian Finance Podcast. It's good to be back for this special Friday episode.

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110.815 - 121.865 Owen

It is indeed. It is indeed. We've got a short, sharp and punchy episode for listeners today where we've taken a bunch of recommendations for resources.

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Chapter 3: What is Passive Investing Australia and how can it help beginners?

122.646 - 140.822 Owen

So we've asked the community, what are your investing resources? What do you use all the time? And we'll give a shout out to you and to those resources on the show. So we've got those today. We're also going to talk about some of our own. So we've done similar episodes of this in the past. We've done like personal finance stuff. This is more on the investing side of things.

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140.802 - 148.703 Owen

Kate, why don't you just jump right in? Who is the number one person to get back to us? And what did they recommend?

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149.054 - 168.076 Kate

Yeah, so the first one was from JB Shee in our Facebook community, and they were talking about their superannuation. I'll just read their response here. Everybody adds to it and everyone will reap its returns. Hearing your episode on super really kick-started my journey into researching about super funds, investment options, and eventually shares in ETFs.

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168.677 - 181.873 Kate

I hope people like me can start looking into their super and learn more about investments and wealth growth. And this was in response to our community call out and our giveaway in October for a copy of Daniel Crosby's The Laws of Wealth.

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Chapter 4: Why is ASIC Money Smart a valuable resource for investors?

181.913 - 196.552 Kate

So learning more about your super is a fantastic way to start your investing journey. And for many people, it does sort of lead you down the track of learning more about shares and ETFs. Once you go, hey, what's actually in my superannuation? What am I actually investing in?

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198.114 - 217.199 Owen

I was actually chatting to some mates last night just over Facebook Messenger. We have a group and Somehow over the last week, after so many years, the conversation has turned to finance. And all of a sudden, everyone's talking about super. Everyone's saying, my super does this. My super does that. Is this good? Is this bad? Who is cheap?

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Chapter 5: What podcasts are recommended for learning about investing?

217.219 - 234.522 Owen

Who is not? And so it was just fantastic to see everyone talking about it. And because that started a conversation around, okay, well, what is super? And one of them said, isn't it just like the stock market? And I was like, yes, it's very similar. So yeah, I mean, if you start pulling on that thread, it can lead you to really interesting places. So great one there by JB Sheet.

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Number two come from Ellen Michelle, also in the Facebook community, who called out Passive Investing Australia, saying it's the perfect resource if you're looking to start from the real beginning and learn what type of questions you should be asking yourself with regards to goals and risk. So Passive Investing Australia, Kate, have you checked this one out?

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252.565 - 272.515 Kate

Yeah, it's actually, I'm not sure who's behind it. I think it might be an anonymous website, but it's very matter of fact, it's very practical. It's just lays out all the information on different pages in a very sensible order. So if you read through that whole site, you'd have a pretty thorough understanding of all the basics when it comes to investing and dividends and how it all works.

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273.187 - 292.912 Owen

There's so many great writers out there, bloggers, websites. We've had a few on the show before. You've profiled plenty of them in your FIRE course. So good. And if you want to learn, you can really get behind some of these writers and find the one that works for you. So Passive Investing Australia was from Ella.

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Chapter 6: How can Google support your investing education?

293.012 - 300.882 Owen

Number two there. Number three, Kate, this is an interesting one and one I know that you're a fan of. So I'll let you introduce this one.

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300.862 - 314.901 Kate

Yeah. Another member from our Facebook community, Tanu Patel, recommended the ASIC Money Smart website because it's available 24-7. It's based on facts and current policies, unbiased, reliable, provides examples.

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315.842 - 333.946 Kate

They also mentioned that if required, you can use the National Relay Service or the Translating and Interpreting Service to help, which is something if English isn't your first language, you can get some assistance there. And Of course, it provides all those wonderful tools, calculators and resources, along with teaching material for teachers.

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334.046 - 353.254 Kate

So that was a fantastic recommendation, one that we love. I think we mentioned probably in every second episode. But if you just want a place to start and find some really unbiased foundations, it's a really good place to go. It doesn't. go in too much depth. So you do need to learn and research further than that.

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353.354 - 360.529 Kate

But I think it gives you at least a starting point and you can kind of go, oh, I'm interested. Okay. I've heard a little bit about the ETFs.

Chapter 7: What tools can help manage your investment portfolio effectively?

360.569 - 365.479 Kate

Now I want to further that journey. And at least you have a starting board to spring off that investigation.

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366.117 - 381.578 Owen

Yeah, so that's ASIC Money Smart. Fantastic website. Like you said, it does cover all the essentials really, really well. But I think the powerful thing is it also connects you to other things. So if, for example, you want to get in touch with a financial advisor, you can search the register.

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381.558 - 404.967 Owen

you want to learn about compound interest you can use those calculators and tools the managed fund calculators for fees there's so much on this so that's a great resource number four comes from and i hope i pronounce this right x underscore geordinary underscore chef um at chef underscore george stan on twitter it basically gave us a few different categories of things to get started so

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In podcasts, they recommend Equity Mates, the Get Started Investing podcast, also known as GSI. We had Ren and Bryce on the show recently, and they talked about their new book, Get Started Investing, which matches the podcast. Fantastic. To learn more, there's another one called Invested with Phil and Daniel Town.

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And of course, they say the Australian Investors Podcast and Australian Finance Podcast from us as top runners. On the subscription side, which is interesting, they said the AFR and Seeking Alpha. So if you're looking for Australian news and insights, AFR. If you're looking for global insights, Seeking Alpha. Seeking Alpha has been around for a very long time, Kate.

440.774 - 448.686 Owen

It was actually one of those places where you could just go and contribute stories back in the day where you could just be an investor and you could go and contribute some analysis on the company.

Chapter 8: What are the best practices for using investment newsletters?

449.187 - 473.57 Owen

And finally, in this other bucket, Seeking They've listed Simply Wall Street, which is an Australian-based global kind of data and insights platform started by Al Bentley up in Sydney. And SelfWealth, saying SelfWealth has great tools and statements. So yeah, great stuff all around. Kate, that's a bit of a mouthful, that one. We've got number five, which comes from a listener also via Twitter.

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Remember, you can get in contact with us via Twitter, via Facebook, via Instagram, via email, anywhere you want to do that. What's the fifth one from our listenership, Kate?

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482.318 - 499.886 Kate

The final one was from Ben Connolly at Ben P. Connolly on Twitter. And this might have been my favorite one because it's how I got started. But he said, it's going to be pretty plain and boring. But Google, whenever I have a question or don't know what something means, I go straight to Google and ask that question.

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500.507 - 505.255 Kate

And personally, that is how I started my personal finance and investing journey just recently.

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505.235 - 527.971 Kate

reading i'd google things and just read the first 20 results and try and pull bits and pieces away and it's how i came across like mr money mustache and the fire movement it's probably how i discovered even the money smart website um and led me to twitter and connecting with all sorts of different people so i think A lot of questions can be answered on Google really well.

528.052 - 546.315 Kate

And Google's very good at pulling responses out of sort of popular articles. It's got those little like drop downs where it says questions. So if you're wanting to learn more about an ETF, that's something like I'm Googling different ETFs every day to find their website and to find what dividends they pay and all of that kind of thing.

546.375 - 551.762 Kate

So I think Google is your best friend, as long as you're willing to do a little bit of work to sort through different results.

552.383 - 573.142 Owen

Absolutely. Google is a fantastic engine for everything to do with finance. You can get snippets like you said, like those rich snippets. You can get access to blogs, news websites. It's all there to be found. So you just got to just be mindful of the resources and make sure that you're getting the information from a trusted source.

573.722 - 585.235 Owen

Don't necessarily just act like be a little bit discerning before you go and take whatever you read online or anywhere from anyone as gospel. Go and do your own kind of fact checking and whatever.

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