The Price of Playing It Safe With Your Money

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Making Cents 8 min 1 speaker 7 chapters transcribed 11 days ago
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What is the main topic discussed in this episode?

Frances Cook 0:02
Hey team, it's Francis. Some of you will already know I've got the weekly market memo newsletter where we get smarter with shares every week. Real talk, real tactics, no spreadsheets required. One of the latest ones really hit a chord, the price of safe money. So I thought, okay, if this is really helping a lot of people out, let's get it everywhere we can. So I'm turning it into a podcast episode for you as well. Enjoy! The price of safe money.

Why do people feel scared about a possible share‑market crash?

Frances Cook 0:34
I got a comment on here a week or two ago about what you should do if you're worried about the share market crashing. There's been a lot of noise about that lately, so I totally understand the fear. My response at the time was that there's a famous joke about economists having predicted nine out of the last five recessions. It's easy to predict a doomsday. By the time the date rolls around, either you're right and a genius, or people have forgotten your prediction and moved on. However, I don't mean to totally dismiss these worries. There are plenty of people who refuse to ever invest in the share market at all, because it just feels too much. So there is a way to dabble, get some of the benefits, without all of the risks.
Frances Cook 1:20
It's called low beta investing, and it can be a good option for some situations. But it does have a price tag of its own. And if you're actually someone who prefers the spicy side of life, you can use this knowledge to flip things and invest in a high beta way instead, because choice is what makes the world go round. So let's dive into its pros and cons. First, finding the grey. The money world is easier to understand when we make it nicely black and white, but it also becomes a bit less accurate. So a lot of money advice will act like you have two options. One, brave the full roller coaster, make more money on a nail-biting journey.

What is low‑beta investing and how does it differ from high‑beta stocks?

Frances Cook 2:04
Or two, hide somewhere safe and stable, but watch inflation quietly nibble away at your savings. This is helpful when someone is just starting out with money and figuring out the lay of the land. But once you've had a glance around and started to dig below the surface, it's also good to know you have a whole range of options in the middle. You can even be in the share market, but with a much gentler ride than many others are getting. Still shares, still growing. still beating inflation and helping you build wealth, but it's a gentler ride. What you need to know is that the lows won't be as low, but the highs also won't be as high. So hi, WTF is low beta. All right, finance bro translation time. Beta just means how much a share bounces around compared to the rest of the share market.
Frances Cook 3:01
Picture the share market as a road, and the market in general is cruising along at the speed limit. That's your baseline. A high beta share is the boy racer, like say NVIDIA. When the market is cruising up, making a bunch of cash, this one is likely to go screaming up past the rest and make even more. But when everything drops, we Whew, it's likely to drop even harder.

How do beta scores tell you whether a share is a “boy racer” or a “station wagon”?

Frances Cook 3:29
Bigger thrills, bigger spills. A lot of the tech and AI companies we've talked about lately drive like this. Now, a low beta share is the sensible station wagon on the school run. The market leaps ahead, but this share just trindles up a bit, enjoying a good clear section of road, but not leaning on the accelerator too heavily. And when the market falls, it only dips gently. It's often the more boring or established companies. Think power companies, supermarkets, staples. It's the sort of companies that provide the things people need in both good times and bad. This idea originally started as a score that was given to individual companies. Every listed company has its own beta. That is calculated from how its share price has moved historically when compared to the rest of the market.
Frances Cook 4:23
And you can find it when you search a company or fund on either Yahoo Finance or Google Finance. It ranks them from negative one to two. With one functioning as the baseline economy. Anything above one, high beta. Anything below, low beta.

Where can I find a company’s beta score and use it to pick funds?

Frances Cook 4:42
Now you can also find investment funds that are organized along these scores.

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