Why does the stock market go up? | Ft. Brian Feroldi
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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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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. Kate, welcome to this episode of the Australian Finance Podcast. It is wonderful to be back, Owen. Yes, it is. We're recording at 5am because we have a very, very special guest with us today, Brian Feroldi. How are you going, man?
Doing great because it's not 5am where I am. So I'm nice and chipper. What time is it?
It's three o'clock in the afternoon where I am. Oh, perfect. Perfect time to record a podcast, mate, and tell us all about your new book. To kick things off, we were thinking, how did you start learning about investing and which resources did you use when you were approaching the stock market?
Sure. So I graduated from college in 2004 and I graduated with a degree in business. Now you might think that I was naturally taught a lot about investing in the stock market and money, given that I was a business major. Nope. I graduated from college with essentially next to zero education about money, about investing, about the stock market, about 401ks, about all the things that are incredibly important information for people to learn how to build wealth over long periods of time. But when I graduated, my dad handed me a copy of a book that was very popular at the time called Rich Dad, Poor Dad by Robert Kiyosaki. That book was at the pinnacle of its importance in society. And I read it cover to cover in two days.
It was the first time that I'd read a book that talked about some of the most basic concepts about wealth and wealth building and how the rich think about money differently than everybody else. And while I have gripes with that book today, and I don't necessarily agree with everything that it talks about, it was the first time that I heard things like everybody is in business for themselves. The rich use their money to buy assets. The poor use their money to buy liabilities. anybody can become wealthy in one generation you can use uh the tax code uh to your advantage and all those concepts just completely blew my mind like they were the very first time that i'd heard about them uh before and for for whatever reason those concepts were just extremely appealing to me like in my my personality so i just like latched on to them immediately and
And that just kicked off a never-ending binge of me really consuming financial content. So I've read tons of books.
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