1. ETFs For Beginners – How to Get Started w/ BetaShares

Bryce: [00:01:12] Welcome to Get Started Investing feed Deep Dive. In this bonus series, we're going to explore everything there is to know about exchange traded funds or ETFs so that you can feel confident to use them in your investing journey. This series is proudly sponsored by Beta shares and we've brought in some of the experts to help us break it all down. My name is Bryce and as always, I'm joined by my equity buddy Ren. How's it going, bro? [00:01:34][21.9]

Alec: [00:01:34] I'm very good, Bryce. I'm very excited for this series. It feels like since covid hit, everything has been ATV's. There's been so much interest in ETFs in the community. You know, a lot of people are buying their first ETF or have been doing it in the last few months or are thinking about doing it. The flood of questions has been great. We did a live show with beta shares. Well, covid adjusted a show where we tried to answer as many questions as possible in sort of 45 minutes or an hour. But really we found that there were so many questions and so many great questions as well. So we thought we would put together a bit of a three part series, go back to basics and then expand on that a little bit to hopefully try and cover most, if not all of the questions that we've been getting. So people listening can really feel confident that they know what they need to know about ETFs to really get stuck. [00:02:24][49.3]

Bryce: [00:02:24] You absolutely. The three episodes we're going to be covering, as Alex said, back to basics, is episode number one. What are your options? There's so many ETFs out there at the moment, so sometimes it's hard to know what to choose. That's going to be episode two. An episode three is going to be covering off what to do once you buy your ETF, some of the more administrative things to understand, but equally very important when it comes to managing your ETF portfolio. [00:02:48][23.9]

Alec: [00:02:48] Yeah, that one I'm particularly excited for because I'm going to hazard a guess that I am going to learn a thing or two that I should be doing that I'm not doing in that third episode. I'm not great with the old paperwork. There will be good lessons for people, you know, even like us. So we've been investing in ETFs for years to get smarter and maybe a bit more sensible about. Absolutely manage it. [00:03:07][19.0]

Bryce: [00:03:08] So to kick things off, episode one, it is our delight to welcome Ellie de Vere from Beta Shares to the show. Ellie, welcome. [00:03:14][6.7]

Ele: [00:03:15] Hi guys. Very excited to be on. [00:03:17][1.8]

Alec: [00:03:18] We're keen to get stuck into ETFs, but before we do, we want to hear a little bit about you. So can you maybe introduce yourself, tell us what you do with beta shares and tell us the story of your first investment. [00:03:29][10.9]

Ele: [00:03:30] Alright, so hi everyone. I'm Ali. I work for Beta shares. Beta Shares is an Australian ETF manager. We've been around for ten years. We have the broadest range of funds available on the ASX. We're pushing 64 last count. [00:03:44][14.1]

Alec: [00:03:45] Well, it feels like every time we speak there's another fund in the works. [00:03:48][3.3]

Ele: [00:03:50] Yeah, we do. We've got a few. Yeah, we've got a few. So that's great. I think last count as well, 13 billion of funds under management. Yes. It's been a really exciting growth story for the business and pretty pumped. We're sitting here chatting to everyone about exchange traded funds. [00:04:04][13.8]

Bryce: [00:04:04] So story of the first investment. [00:04:06][1.6]

Ele: [00:04:07] So I've always been interested in investing and my first kind of bitcoin was a really interesting experience. I, at the old age of 19, decided that gold bullion would be like a really great investment like growth asset, not shy. Let's go buy some bullion. So I went down to the the government bought my two ounces of gold bullion and that was that was kind of that really. [00:04:31][23.8]

Bryce: [00:04:32] How do you know how to do that? [00:04:33][0.9]

Ele: [00:04:33] My mum. All right, good. Mum really is a yeah. So anyway, don't copy your mum's investment. The strategy doesn't always work. And I also kind of my tie with shares, but I did everything wrong with it. So I didn't understand the company that I was investing in. I didn't really know what I was looking for. And I chose the company based on like a hot stock tip I got at someone's barbecue. It was ridiculous. [00:04:58][24.5]

Alec: [00:04:59] Terrible. [00:04:59][0.0]

Ele: [00:04:59] What a bad way to start anyway. So I ended up losing most of my capital and that the company went. The performance was really bad and I freaked out and I sold and then just kind of started investing is not for me. And I got scared off for a while. I kept on saving my cash. You know, I went through uni so what I could and then kind of demento back into investing and using ETFs. And it's been a much smoother ride since then. Nice. [00:05:22][22.5]

Bryce: [00:05:22] So that's the strategy now? [00:05:23][0.9]

Ele: [00:05:24] It is for me. [00:05:25][0.9]

Alec: [00:05:25] That's a great Segway because we're here to talk about ETFs. And for a number of people in the Equity Mates community, there's a number of different experience levels. Some have been investing in ETFs for years and some are hearing that acronym for the first time. So let's start really, General, maybe what is an ETF and what does the acronym stand for the acronym? [00:05:44][18.2]

Ele: [00:05:44] And there are lots of acronyms and finance, but I promise you, this is not a confusing or scary one at all. So ETF stands for exchange traded fund and essentially it is an investment fund that. Trades on the stock exchange in Australia, our largest exchange is called the ASX, which is the Australian Securities Exchange, and that's where you go to buy, buy and sell ETFs, [00:06:04][19.6]

Bryce: [00:06:05] also exchange traded funds. We do hate jargon here on Sunday. So it's in my head on day on Equity Mates. And as Ali alluded to in the opening, and you've also seen obviously through better is growing very, very, very quickly and very popular amongst investors. What are some of the, I guess, attractive elements of an ETF? Why are they so popular? [00:06:27][22.5]

Ele: [00:06:28] So an ETF typically aims to track an index and that's, you know, that's what it does. And provide returns at that index to an investor less in your face. And that's really great for Canastota investors because you can gain exposure to an entire market, but within one trade. So you're not sitting there trying to pick a single stock or like other companies reports or anything. You can just say or I believe in the top 200 companies in Australia or I believe in Australia in, you know, the share market. I think it's going to, you know, grow over time. And with one trade, you can just buy the top 200 companies. So it kind of removes that element of it. Yeah, the [00:07:04][35.7]

Bryce: [00:07:05] anxious feeling of having to choose between a thousand companies and get that choice right. ETFs give you the ability to do that totally. [00:07:11][6.7]

Ele: [00:07:12] The other great thing is they are, you know, much lower cost than traditional actively managed funds, which is great when you're watching the Dollars and they're super easy to access. So you just need to set up a brokerage account, obviously have money to invest and they don't have any minimums. [00:07:26][14.0]

Alec: [00:07:27] So any one common confusion, I think that beginner investors have is the difference between an ETF and then an index or an index fund. So maybe just so we can make it really clear. Can you clarify what the difference is? [00:07:43][15.6]

Ele: [00:07:43] Yeah, for sure. So an index ETF and an index fund will start off with how they're similar and then kind of just discuss how they're a little bit different. So they both passive, they both aim to track a market index and return the performance of that index. So where ETFs differ is the trainability. So because they're listed on the stock exchange, the ASX, for example, investors can buy and sell them at any time they want through the trading day, whereas with index funds, you can only buy into them or sell them at the end of the trading day. And they also have minimums. So I think the average is around five thousand to get started. So there's just a few of those considerations. [00:08:22][38.6]

Alec: [00:08:23] So for people who are unfamiliar with what an index is basically like a basket of stocks. So the most common one in Australia, they take the 200 largest Australian stocks. They put them together in a basket, and then they track the movement of that group of companies that's in its most basic form on an indexes. And so, yeah, traditionally, you had to fill out paperwork and have a certain amount of money and send it to a fund manager to access my pigeon. Exactly. Yeah, yeah. Dust off the fax machine, like to access an index fund. But now, you know, as Ali was saying, because of ETFs, it's literally a couple of clicks on your computer. We actually did a this is a bit off topic, but we did we did a test is a quick Google Amazon stock got socks off Amazon. It's quicker to buy Amazon stock. So like that's how easy it is to buy an ETF these days. [00:09:11][47.6]

Ele: [00:09:11] Yeah, it's really good. [00:09:12][0.7]

Bryce: [00:09:12] Speaking of buying and you mentioned access is one of the sort of key, I guess, attributes or, you know, reasons why people like ETFs. How does an individual investor actually get access to exchange traded funds and sort of what steps do they need to take? [00:09:29][16.5]

Ele: [00:09:29] Step one is 100 per cent understand what you're investing in, that you don't want to end up in a place like me with my agriculture company where I just had absolutely no idea about that. So definitely understand what you're investing in then. Next step is go to your guys website, check out a list of broke out. It's like we practised that. Well, yeah. So check out the different online brokers that are available in Australia, decide which one is best for you. Go to them, set up your account, log in, and then once you're logged in and set up, you'll type in a code or ticker code, as it's sometimes referred to. So every exchange traded fund has one of these codes, some more memorable than others. We've got a couple of crackers. Yes, some really good ones. Hack yeah. Cybersecurity ETF Endi Q for on Nasdaq. [00:10:18][49.1]

Alec: [00:10:19] So your agriculture, you should [00:10:22][3.1]

Ele: [00:10:23] have gone there. Definitely should have done that. And so you type in that code and that will bring up the information about that ETF, including its latest price that it's trading at. You're putting your order and then you're invested. [00:10:35][12.3]

Alec: [00:10:36] Yes, I think the analogy for people who are unfamiliar is it's basically like online shopping. You sign up for an account, you add something to your basket, and then you hit by like it is online shopping. Really, you just buying a part of a company rather than a pair of shoes? [00:10:49][13.4]

Bryce: [00:10:50] Well, you don't buy shoes. [00:10:50][0.6]

Alec: [00:10:51] Yeah, that's a terrible idea. I thought of how. Shopping mall? Yeah, that's what [00:10:56][5.0]

Ele: [00:10:57] I'm good at it, yeah. [00:10:58][0.9]

Alec: [00:10:59] Ellie, there are plenty of ETFs out there, everything from ETFs that track indexes, as we speaking about, to tracking specific investing themes. You know, Beta shares has an agricultural one, a cyber security one, an Australian technology company one, an Asian technology one. So before we get into the specifics of those different types, and we'll do that more in the second episode of this series as well, what are some of the important considerations for investing in any ETF, regardless of its type? [00:11:27][28.1]

Ele: [00:11:28] Yeah, it's such a great question. So as you said, there's over I think it's 240 ETFs in Australia now. So, I mean, you know, pick what you want basically. Yeah, it's incredible. But with all investments, ETFs definitely carry risks, especially related to, you know, the performance of that ETF. So depending on how the underlying assets and that ETF perform, you know, it can increase in value and it can also decrease as well. So if you go to an ETF providers website shares, for example, and you find the ETF product page on the website, every fund has something called a PDS or product disclosure statement. And it's quite a it's quite a dense document, but it will give you basically everything that you need to know about that fund. So, you know, click on it's a PDF. You know, don't print it because, you know, think of the charges. Yeah, exactly. Please, you know, read it cover to cover and it will tell you what you need to know. [00:12:18][50.6]

Alec: [00:12:19] Yeah. And as well as the PBS websites, like Better Shows, break down a lot of the key information on the page as a page for every ETF. So those websites are a real resource when you're doing your research. Definitely you can even say like every company that every ETF holds. Yeah. [00:12:34][15.4]

Ele: [00:12:35] Yeah. So for example, if you were to jump on our website and go to our Nasdaq ETF, you can see the top ten holdings of that ETF and then you can click and download the CSP with all the weightings of the company and has everything that you need in there. Yeah, not [00:12:50][15.1]

Bryce: [00:12:50] really. Another aspect of ETFs that is often confusing as well for the billionaire investor is pricing will touch on this in a bit more detail with Adam in our next episode. But at a basic level, what actually moves the price of an ETF [00:13:04][13.8]

Ele: [00:13:05] so they can be several things that move the price of an ETF, but essentially an ETF is priced at launch and then it's available on the market for people to buy and sell it. And then once it's launched, depending on, again, what the underlying assets are doing, that will be the biggest kind of mover of its price. [00:13:21][15.8]

Alec: [00:13:23] So, Ali, one thing that confused me when I was starting out with ETFs and I think we've got a number of questions on this, is there are certain ETFs that all track the same index. So we were talking about the ASX 200 index. The index of the 200 biggest Australian stocks, beat shares, has an ETF that tracks up with the lowest fees, we should point out. But there are a number of others that also track that index and the pricing of them is all different. So the beta shares are two hundred is ninety nine dollars a unit thereabouts. And there are others with different prices, like there's one that trades at fifty five dollars. And that can often be confusing because they're all tracking the same index. So how should we understand the unit price difference when ETFs track the same underlying. [00:14:05][41.9]

Ele: [00:14:06] So when you're considering to invest in an ETF, the unit price definitely needs to come in to that. But it shouldn't be the only thing that you look at. You need to consider other things like the provider, the management costs as well. So, for example, you know, a 200 fund, as you correctly pointed out, trades at around ninety nine dollars, but it's the lowest fees in the market. So if you want to buy a similar fund, that's, you know, less per unit, basically you just getting, you know, 50 Dollars exposure to the market versus 100 and, you know, through the hundred dollar unit, you know, two hundred. And you've got the lowest fees that just seven basis points. [00:14:43][36.4]

Alec: [00:14:43] So I think the important takeaway there, it's not like the 55 Dollars unit price is like a better value of the bargain. Yeah, because whatever money you put into that ETF is then distributed amongst the underlying index that it holds. So it's not like this ASX 200 ETF is cheaper per unit than this one. So that's a better bargain. Yeah, that's [00:15:02][19.3]

Bryce: [00:15:02] what it's going to grow more or whatever. [00:15:04][1.1]

Ele: [00:15:04] Exactly. Yeah. Yeah. The unit price is absolutely no reflection on its performance or any of those other metrics as well. So I think that's really important for people to understand. [00:15:12][7.8]

Bryce: [00:15:12] I agree. We were chatting with a beginner investor last night and they were looking at a fund that was, you know, priced at nine bucks and immediately thought, oh, it's got a lot of room to grow because there's one out there that's 100 bucks. And it's like, no, no, no, that's not it's irrelevant to the price of the fund is [00:15:29][16.2]

Alec: [00:15:29] irrelevant for ETFs [00:15:30][0.8]

Bryce: [00:15:30] for eight years for ETFs. Yeah. So let's talk about dividends. You know, a lot of stocks pay dividends out on the market. So I guess the first question is to all ETFs pay dividends. [00:15:40][10.2]

Ele: [00:15:41] So depending on which one your investments are, ETFs do pay distributions. So that's how they kind of differ. Shares will pay dividends, ETFs pay distributions. It comes down to how they're structured. [00:15:51][9.6]

Alec: [00:15:52] We hate jargon here. As we've said at the end of the day, what's the difference between a distribution and a dividend for just the everyday investor? [00:15:58][6.4]

Ele: [00:15:59] Nothing. [00:15:59][0.0]

Alec: [00:16:00] Yeah, I think that's the main thing. Yeah, it's money that hits your nominated bank account. You've got to pay taxes on it. It's the same. It's just this fund structure means that it gets a slightly different terminology. Yeah. [00:16:10][9.7]

Bryce: [00:16:10] Yeah. So Ali, another aspect of ETFs that we should unpacked is dividends. A lot of individual stocks pay dividends. And just for anyone who is listening and is at the beginning of their journey, a dividend is essentially a payout of company's profit to you as a shareholder. Not all companies do do it. But here in Australia, a lot of companies love to do it. But the question, I guess, is, do ETFs pay dividends? [00:16:34][23.8]

Ele: [00:16:35] So ETFs pay distributions, not dividends. And they are, for the sake of this chat, essentially the same same thing. Yeah, an investor will receive a cash payout. [00:16:44][9.0]

Alec: [00:16:44] Yeah. Yeah. So they receive the cash in their brokerage account or bank account. They pay tax on it like a dividend. For all intents and purposes, it's really designed for a retail investor [00:16:53][8.7]

Ele: [00:16:54] and [00:16:54][0.0]

Alec: [00:16:55] the fund is a different structure. They call it a distribution. [00:16:57][2.5]

Ele: [00:16:58] And depending on, you know, which which ETF you're holding, that could be kind of monthly income quarterly annually. It just depends on what you're holding. So, again, all that information is in the PDS. [00:17:08][9.5]

Alec: [00:17:08] And I think the important thing for people to understand, if they want to know what dividend or distribution will be paid out, they can look on the ETF providers website and there will be historical distributions that you can see. But really, at the end of the day, an ETF, all it does is whatever companies are held in that ETF, whatever dividends they pay, then get passed through to the investor as a distribution. So if you want to know if an ETF will pay a dividend or not, it's really dependent on the underlying companies. Bang on, in most cases, bang on. [00:17:39][31.1]

Bryce: [00:17:40] One of our favourite aspects of dividends is dividend reinvestment plans or pays. And this is where the nature of compounding comes into play. If you can just reinvest your dividend back into the same stock over and over again over a long period of time, you're going to be doing very well. The question is to ETFs have dividend reinvestment plans. [00:18:01][21.3]

Ele: [00:18:02] They do. So most ETFs do offer them and you can set those up through your share registry. So if a beta shares funds, it's called link market services, I think will touch on those good episode. [00:18:13][11.6]

Alec: [00:18:14] There's going to be a lot on that site. [00:18:15][1.1]

Ele: [00:18:15] It's great to hear love, love, investing edman important and. You cannot deny to either full or partial reinvestment plans is completely up to you. And essentially what that means is instead of getting your distribution in cash, you get that in the form of units, which is then reinvested into your overall holdings. [00:18:35][19.9]

Bryce: [00:18:36] Do you personally do diapers? [00:18:37][0.9]

Ele: [00:18:38] I do. I do. For diapers across all my buttons. Yeah, no, [00:18:41][2.9]

Bryce: [00:18:41] I think for a beginner and for people sort of our age, it makes total sense unless you have a specific goal to get that cash through. It just makes sense to take [00:18:52][10.4]

Alec: [00:18:52] advantage in the most general sense, depending on your person, of [00:18:56][3.5]

Bryce: [00:18:56] course. But like, if you want to take advantage of compounding, then this is a vehicle in which you can do it. [00:19:02][6.0]

Alec: [00:19:02] Yeah, it's a great option to be aware of and to think about. Yeah. Yeah. Now, Ellie, we've introduced one of our two official policies here at Equity Mates that we hate jargon. I'm going to introduce our second policy, which is we hate Facebook. ETFs have [00:19:16][14.1]

Bryce: [00:19:16] introduced a new policy in Episode three, [00:19:18][1.9]

Alec: [00:19:21] so stay tuned. And our fourth official policy is way high official policy, [00:19:26][5.3]

Ele: [00:19:28] which is confusing. [00:19:28][0.3]

Alec: [00:19:30] But look, ETFs have been this great vehicle for reducing the cost of investing for individual investors. And I think that's why Bryce and I love it so much. It's because it's just brought down this cost, all this unnecessary expense for foreign investors. But in saying that there's still are fees and you still have to be aware of them because they're still important. So, again, let's start, General, what are the fees we should be aware of when we're talking about ETFs fees? [00:19:55][25.0]

Ele: [00:19:55] I know everyone. Iran talks about it and it's definitely something to consider with ETFs. So, I mean, my philosophy on a lot of people's philosophy is, you know, control the controllable when you're investing, can't control what the markets are going to do, but you can't control how much you pay for your investment. So it's definitely something to be aware of before you invest. So management costs can be found on a provider's website, again, on the product page. And that's usually expressed as a percentage point or some of the the financial lingo or jargon, I should say, basis points. So you might hear it described as a basis point and a basis point is essentially just a unit of measure and one basis point equals zero point zero one per cent. Yes. I'm going to give you an example. Sure. So with our 800 fund, the fees for that is zero point zero seven per cent or seven basis points. And that means for every thousand dollars invested, you'll pay 70 cents management cost. And so it's cheap. Yeah, especially when I pay one hundred twenty point one percent for doing. [00:20:57][61.3]

Alec: [00:20:57] And I think people sometimes get lost in like the seven basis points, nine basis points, whatever it is. And I think it's always important to put it in context that back in the day, you know, before ETFs sort of thing, and there was a real focus on reducing cost for individual investors, investors would pay fees in full percentage points. So, you know, a traditional hedge fund would charge two percent management fee and then a performance fee on top of that as well. And you compare that two percent management fee to zero point zero seven percent management fee that your 800 ATF charge charges now. And it really puts it in perspective just how far costs have fallen for individual investors. [00:21:35][38.0]

Bryce: [00:21:36] I mean, 70 cents seems ridiculous. [00:21:37][1.5]

Alec: [00:21:39] You so you wouldn't even bend down to pick that up. Yeah. [00:21:41][2.6]

Bryce: [00:21:43] How do you think you are right? Ren, it's it's amazing and it's only getting cheaper and it's just only getting more accessible. So I mean, there's just no reason really to be sitting on the sidelines at the moment. I mean, accessibility and the cost of getting into the market now is just great. [00:22:01][18.0]

Alec: [00:22:02] So every ETF has a management fee and for people who want to have a look at the ETFs they hold and the management fees, they should have done that before they held it. But, you know, better late than never. Oh, where can we find that information [00:22:15][13.6]

Ele: [00:22:16] on the provider's website? [00:22:17][0.6]

Alec: [00:22:17] Yeah, I think that's right. But I think that's going to be a real recurring pain throughout these three part series. A lot of these websites go to the website. Yeah, it's a one stop shop. I just a very useful source of information. Yeah. [00:22:29][12.0]

Bryce: [00:22:30] I mean, you don't need to go anywhere else other than the [00:22:32][2.2]

Alec: [00:22:32] Equity Mates website. Oh, well, [00:22:33][1.0]

Bryce: [00:22:33] sure, [00:22:33][0.0]

Ele: [00:22:34] sure, sure. And one one final thing on fees as well. Something good, good to know is it's deducted out of the ETF as you're holding it every day so you don't get a bill at the end of the year. [00:22:45][10.8]

Alec: [00:22:45] Yes, that's actually that's a great thing to make clear. Yeah. It's not like beta shares are going to see [00:22:50][4.4]

Bryce: [00:22:51] chasing down [00:22:51][0.3]

Alec: [00:22:52] for their time in terms of time. [00:22:54][1.4]

Ele: [00:22:56] No. Fourteen days on that. [00:22:57][1.1]

Bryce: [00:22:59] So we've covered a lot of the basics, which is great. And we are going to dig into some of them in a little bit more detail over the next couple of episodes, because there are a few nuances to understand and unpack, which is very important when you're starting your journey. But we've mentioned goals. Once you understand an ETF, how it works and you know you've found the right investing option, how do you go about building a plan to. Sort of that aligns with you as an investor. [00:23:24][24.3]

Ele: [00:23:25] It's a great question and something that we get asked very often as well. And I think everyone's goals are just so different and so personal. I think a good way to look at it is how long is your investment horizon? And that will then start, you know, hopefully in forming, you know, what what potentially you should invest in. And obviously, when you're younger, you've got a far longer road ahead of you. You know, you can you can hold funds that might support that. And then as you're nearing retirement, you do want to kind of dial down the risk. You might have income requirements and, you know, similar kind of life changes like that. So there's, you know, 200 plus funds, 60 plus beta shares, funds to look at and try and align to, you know, where you want to go basically in your wealth creation journey. [00:24:07][42.5]

Alec: [00:24:08] And I think to not just keep pushing people to the Beta says website, but I think I think this is something good that you guys have done is once you think about your goals. So, you know, you gave an example there. If you're nearing retirement and you want income, but then you're trying to connect that goal with, then what, ETFs to the right ones? Well, one, the the libelled, in a way, they're named in a way that is quite easy. There's one called like a high income fund or something. So that's a [00:24:30][22.7]

Ele: [00:24:31] bit like [00:24:31][0.2]

Bryce: [00:24:32] I'm waiting for the get rich quick. When's that going to take a gamble? [00:24:37][4.3]

Alec: [00:24:37] Know you've actually structured your website, so there's like, you know, income ETFs and then there's the ETFs that are relevant to that or like, you know, overseas ETFs and stuff like that. So once you have your goal and then you're trying to figure out, well, OK, I've got this goal, but what actually ETFs align to that goal, you can start at the publisher's website and look at how the ETFs to categorise to start figuring out that journey from your goal to what you're actually going to put your money in. [00:25:02][24.2]

Ele: [00:25:02] Yeah, totally. And again, I think the great thing about ETFs is you can, you know, take a view on a theme or a market, something for, you know, for example, technology. And you don't just sit there trying to pick a tech company that's that's interesting to you. You can just say, great. I think, you know, us tech companies like Facebook and Apple and Google will continue, you know, to dominate. And you can just buy an ETF that will give you exposure to that straight away. [00:25:24][22.2]

Bryce: [00:25:25] Well, Ali, thank you so much for joining us, unpacking some of the basics around ETFs, exchange traded funds. We hate jargon, but that's probably the only acronym that we're going to be talking about in this series. I hope you've enjoyed it as a listener. And stick around for the next two episodes where we bring in more experts from beta shares to help us unpack what your options are in the universe of ETFs, as well as what to do once you buy. We hate letters and you will soon find out why that will become a policy. But anyway, Ali, thank you for your time. Very much. Enjoyed having you on. [00:25:55][30.2]

Ele: [00:25:55] Thank you so much, Ali. Thanks for listening to Get Started Investing feed production of Equity Mates media. Please remember that everything you hear in Get Started Investing feed is general advice. Only the content has been prepared without knowing your personal objectives, specific financial [00:26:11][15.2]

Unidentified: [00:26:11] circumstances or goals the host of Get Started Investing feed may maintain. Companies discussed before considering any investment, please read the product disclosure statement and consider speaking to a licenced financial. [00:26:11][0.0]

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