ASX Game: Where to invest during a bear market

Maddy: [00:00:00] Hello and welcome to youre in good company, a podcast that makes investing accessible to everyone. I'm Maddy, and as always, I'm in some very good company with my co-host Sophie. 

Sophie: [00:00:30] Hello, Maddie. Today's episode is a little bit different, which you're going to tell us. 

Maddy: [00:00:36] Why? Yes. Over three episodes across the next couple of months, we are actually teaming up with the ASX, which is very exciting to play the ASX game and hopefully have some fun and learn a bit along the way. So if you wanna run us through quickly, how it works? 

Sophie: [00:00:52] Yeah, so how it works is you sign up to the game and participants all get $50000 in virtual cash. Unfortunately, it's not real cash and you get to invest this in the ASX 200 across a range of ETFs and companies. 

Maddy: [00:01:06] Yes, sir, I've actually played the game before. It was such a good resource, particularly to try and understand and learn more about markets without having to put like actual real money on the line. 

Sophie: [00:01:16] Yeah, and especially at a time like this, but registrations are open and the game starts on the 3rd of March and it's running until the 16th of June. So it's a couple of months and there's some big prises involved, like there's some big money arranging between a grand to $3000. 

Maddy: [00:01:32] Pretty good. And I think with so much happening in the markets at the moment, we really thought it was the perfect opportunity to, I guess, discuss some different strategies for investing in a bear market in 2022.

Sophie: [00:01:44] So to do so, we are joined by one of our friends and actually my housemate who like us was looking to build up her portfolio this year. So welcome. What do you want to be called Clementine Clementina Clem? 

Clementine: [00:02:01] Oh, whatever you want to call me, guys. Thanks so much for having me. 

Sophie: [00:02:04] So Clem, can you give us, you know, your best bio in 30 seconds or less? 

Clementine: [00:02:08] Sure thing. So I'm a 25 year old publicist from Melbourne. In my spare time. I love to cook and I actually have an Instagram dedicated blog, Shameless Plug at Play Me. And when I'm not cooking, I love dancing and deejaying and enjoying my beautiful housemates. Sophie, one of the co-hosts of You're in Good Company and I've got to say so. We had like saloon doors in the house, and I can't count how many times I burst through those doors, either with great news, a funny joke or a shoulder to cry on. So dicks, you're a good podcaster, but an even better housemate vote. 

Sophie: [00:02:46] So saying, Oh sorry, if you've never heard me call dicks or digger before, that is also a nickname of mine. So Clem refers to that at all. That's Sophie, I guess.

Clementine: [00:02:56] Yeah, not calling you like the bloke to just be laughing. 

Maddy: [00:03:00] So when we start every episode with the same few questions, so we thought it would be remiss of us not to do it the same with you. What is the best thing that has happened to you this way? 

Clementine: [00:03:10] Well, it's a bit of a wholesome one. Basically, I was walking the other day and I got a call from a friend and he was like, Hey, I've just caught these huge tuna like full kilo tuna one up. I rocked up to his house and he like Cravat Act. Oh wow, yellowfin tuna fresh off the boat. And I took it to my partner's house and made like a tuna top tier with chilli, garlic, ginger and gave it to his housemates. And let's just say a few brownie points. 

Maddy: [00:03:37] I think Sophie's actually the real winner in this relationship. She gets to eat all of the beautiful food that you cook. 

Sophie: [00:03:43] I was about to say she didn't make it out, but she made it it. 

Clementine: [00:03:47] Let's go next. And Clem, 

Sophie: [00:03:49] if you could have dinner with anyone, who would it be and 

Clementine: [00:03:52] why keeping it on the food theme? I recently watched Anthony Bourdain doco buoyed by the the late great Anthony Bourdain, so I think I'd have to say him. I've also read a few of his books, and I'm obsessed with the show. He does parts unknown, so I think I'd want to have a nice meal with him and ask him many questions. 

Maddy: [00:04:11] Follow up question for you. What would you cook it?

Clementine: [00:04:14] Oh, I don't know if he's really going into South East Asian things. I think I'd want to like, go to some hawker stall with him and just have like a stand tall beer and just talk. Can you swear on this?

Sophie: [00:04:26] Well, Clem, we're going to jump into it then. So, you know, in your bio, you didn't really mention investing, but you're not really a newbie investor because I guess over the past 18 months that we've been living together, we've been stuck in Covid and I feel like all we've spoken about when we've been locked in a house for six hours together, like 24 hours really, but were sleeping for some of it. We were really talking about investing and what we're investing in and kind of learning together over this period. But tell us, how did you get started investing and was there someone who influenced you to do so? 

Clementine: [00:04:56] Yeah, that's a really good question. I hadn't really done. Investing until early 2020, when the stock market crashed because of Covid and I decided to finally just put all this money that I had in savings that I was supposed to use on a big six month Europe trip and thought, why not give this a go? But I think I've definitely been influenced by my grandma on my mum's side. She's just so good with her money. She's kind of those people that save the five cent coins and puts them in a little jar. She saves the oil in the pan. You never see her throw out any food. She's just, yeah, a frugal queen. And I just always love picking her brains about stocks and investing. And she's always given me really good tips. But we don't constitute it as financial advice, of course. 

Maddy: [00:05:40] And how would you describe your current investing strategy?

Clementine: [00:05:44] So I'm in it for the long haul. I don't have any major goals in the next couple of years. Obviously, one of my biggest goals financially is to own a house, but I see that happening in a decade's time. So I think my kind of strategy at the moment is just to not think about it too much and just try and invest regularly as much as I can. 

Sophie: [00:06:06] Given the current situation, you know, with markets kind of being quite volatile and we're seeing a lot of, you know, stocks go down and there's a lot of it in the news, you're obviously potentially been looking at your portfolio. I'm not sure. Maybe you just set and forget. 

Clementine: [00:06:19] Oh, yes, you look. 

Sophie: [00:06:22] But I mean, how does this current market correction like make you feel? Does it make you feel anxious at all? Or is it something that you're just like, whatever? 

Clementine: [00:06:30] It'll come and go, Oh, I'm not going to lie. It's so anxiety inducing watching. I know it's not real money in quotation marks, but watching all this money just go down the drain basically can be quite frightening when you log in every day, which you really shouldn't be logging in every day. But I got nothing better to do. But I think what I said, I just think we have to go back to what your money goal is and does not freak out. And the worst thing you can do at a time like this, a market correction, is to sell well in my mind. So I just have to remind myself, you're still up from when you first put the money in and that's a win. And just just keep swimming as bond a name, I would say, just don't let advise you.

Maddy: [00:07:12] I think it's so hard, especially when all the brokers like they're colour coded. So when you log on at the moment, it's like everything's red and our brains are like entrenched to say red bad like it's so hard. Whereas when you go, you know, all of us here, it was much more like, Oh, green, happy. 

Clementine: [00:07:27] Yeah, totally. The only red I want is my white, which I've actually slid down right now. 

Sophie: [00:07:32] So I guess to contextualise a little bit, you know, as we've said currently, we're in a bit of a market correction and we were doing a little bit of research into this and we did a whole episode on it. But you know, at the moment, we're kind of coming out of this mid-cycle when the economy is strong, this low interest rates and the market is moderately growing or in the case of, I guess, corporate, it was growing really quickly. And now we're entering this kind of late cycle phase where growth begins to slow, inflation climbs higher and stock prices tend to look quite high compared to their earnings. And so we thought, given this game, that we have the opportunity to play, it would be a great time to look at how you can kind of invest in more of a bear market.

Maddy: [00:08:12] I think it is quite an interesting time because there is so much talk around about what is the best thing to do at the moment. So we're going to talk a little bit of strategy, and I'm very keen to hear what you've been hearing about how to sort of invest your money at the moment. So what have you been hearing on the street? 

Clementine: [00:08:30] Yeah, good question about my grandma always says at times like this in times of uncertainty to always put your money into stocks that will yield a dividend just so you kind of having that constant little bits of flow of income. And you know that no matter what happens, at least they'll still be a little prise at the end of the quarter or half or whatever you want to say. 

Sophie: [00:08:53] As in like, how often do you get paid dividends? Is that the 

Clementine: [00:08:56] question? Yeah. Can you explain that? 

Sophie: [00:08:59] It depends on the company. And also, if you're investing in a company or an ETF, it can be monthly with ETFs. It can be quarterly, it can be you. It really depends on what you're invested in. 

Maddy: [00:09:08] And I think it's a good point from your grandma as well, because I think historically, like high dividend paying companies have actually performed better than Sophie's favourite growth companies during market downturns. So it can be a good time if you are wanting to sort of expand that side of your portfolio, it can definitely be a good option to go down that path at this time and also 

Sophie: [00:09:28] is, as you said, claim it's like that during a time of volatility, you have steady income, so you're investing in something that's going to give you a return. That's not just that capital growth when the markets might be down, but it's that steady form of money that's going to be hitting your bank account, which people can rely on. 

Clementine: [00:09:45] Yeah, exactly. And for someone like me who is not wanting this money short term, I think it's really important to set up a dividend reinvestment plan as well. So I'm just it's out of sight, out of mind. And no matter how the market's going, at least I'm chipping away and putting. A little bit in there. Bit by bit. 

Sophie: [00:10:01] So would you say that you're adding more dividend stocks to your portfolio at this time of year? Is that something you feel like you want to do? Or is it something you feel like you want to add to our ASX portfolio that we're creating today? 

Clementine: [00:10:14] I would love that. I think it's a safe bet. And you can't go wrong with a dividend. 

Maddy: [00:10:22] I was going to say we are playing the ASX game and we do have to actually pick some structure to go into our portfolio. So Clem might fire off a few high dividend paying stocks at you, and you can pick which funds are going to go in or which one or if none of the options I have for you are Fortescue Metals, Telstra and my favourite ETF base, which is that A200 ETF. The ASX is very well known for its dividend paying stocks, right?

Clementine: [00:10:50] Okay. I think I'm just going to keep it simple, stupid, and I'm just going to go with Telstra because it's such an iconic Aussie brand. It's been around for over 100 years. People still need the phones and internet stuff not down, so I'm going to lock in Telstra money.

Sophie: [00:11:05] Option B

Sophie: [00:11:09] I also think it's a good one because who knows what's going to be happening with 5G in the future? I mean, you could be a room for growth as well as a dividend paying stock. 

Clementine: [00:11:20] And I have been feeling funny ever since I had my booster. So another thing I've heard on the street is to, you know, actually get in that straight and buy a house property. Currently, that's a really good thing to do when the market's down. But guess what? I just do not have that kind of cash right now. So is there anything I can kind of do instead? 

Maddy: [00:11:40] Yeah, this is actually a really good point. I actually bought a rate the other day off the back of a suggestion. What sorry rate? All right. Let me back it up. A real estate investment trust, which simply is a company that owns or operates or funds properties that generate an income. So it's kind of like a way to get exposure to the real estate market through the stock market. 

Sophie: [00:12:04] So I'm interested about this tip that you've got, because considering none of us can afford property, what was this tip and what? What did you have you bought something? 

Clementine: [00:12:12] Yeah. Give us your secrets, Maddy.

Maddy: [00:12:14] Rates are very well known for paying high dividends, which means that they can be great buys in down markets because they are a way to, I guess, diversify and give yourself exposure to real estate assets, not just stocks. So as an example, the one that I bought invests in lots of different types of properties. It is like apartment building, cell towers, datacenters, hotels, medical facilities, offices. I think there's also retail in there. So although it's not necessarily residential property as such, I mean, you can get apartment buildings, but it's all sorts of different types of real estate. 

Sophie: [00:12:47] So Mads, I still feel like this is really one that we need to be learning about. Maybe when we can do an episode on. But Clem, it is up to you. You are going to be adding one of the options to our portfolio. Are you 

Clementine: [00:13:00] excited? So excited. 

Sophie: [00:13:02] OK. The first one is Tik-tok C LW, which is the charter hall long wale, right? Great name. The second one is Cromwell Property Group cMW, and the third is the Goodman Group. G m g. Right? 

Clementine: [00:13:19] Well, considering I know next to nothing about this, I'm going to lock in a Dick's 

Maddy: [00:13:26] The Charter Hall Long. Wow, right. That is a great choice. That is actually the one that I just bought the other day. 

Sophie: [00:13:31] Well, who is it? Beginner's luck, Tim? Or is it just you're really good at this stuff. 

Clementine: [00:13:35] It's definitely beginner's luck.

Maddy: [00:13:37] So fun facts, you guys. This one's actually got a dividend yield of six point two per cent at the moment, which is much higher than the average dividend yield on the ASX of 4%. So. Great choice. 

Sophie: [00:13:47] Well done, Klemmer. 

Clementine: [00:13:48] Thanks, guys. I really appreciate it. So another one my grandma always says is a safe bet is banks. But I'm pretty sure because of Covid and nationwide lockdowns, I thought that interest rates were really low. So how are banks faring at the moment? 

Sophie: [00:14:01] It's a really good question, and it's more about the fact that there's kind of fear of future interest rate hikes throughout the year, and this is mainly because of inflation. So when inflation rises, usually the federal bank or the Federal Reserve will also come out and start to raise interest rates to kind of use it as monetary or fiscal policy not to really get into any jargon, but simply put, higher inflation usually means higher interest rates. So to your point, that's why it can be a really good time for banks, because if you think about it, the way that banks make most of their revenue is through interest payments. So if you're going to go take a loan to get a house, you're going to be having to pay a higher interest rate on that loan because of interest rates, meaning more revenue for a bank, meaning it looks way more attractive to investors. 

Maddy: [00:14:49] That being said, we actually have seen a lot of the bank stocks fall over the last month, 

Clementine: [00:14:54] so I own a few bank shares, including CBA, because I'm a. Diplomat's kid, and I'm also part of the Millionaires Club. Macquarie Group, but I have been noticing that being pretty down compared to November, December last year.

Maddy: [00:15:09] Yeah, so that is because a couple of things have been happening in the market. So I've got an ANZ and Westpac reporting their earnings, and they've actually been flagging that they're both experiencing a bit of a hit to the margins due to some stiff competition in the mortgage lending space. Enter Macquarie, the millionaires club. They actually overtook Westpac in June to become the third largest bank by market cap, which is pretty crazy, although I think they have switched back positions now. The Macquarie share price actually dropped a little bit after a really big investment bank, which is, I guess, the same sector as Macquarie. Over in the US, they announced some quite poor profits. So I think people maybe feared that a similar thing was going to happen to Macquarie and sold down a little bit. But I think the share price has rebounded now that we are getting all this news about inflation.

Clementine: [00:15:56] Yeah, I actually did read that they had a record quarter this week and I saw the grains in my portfolio and that made me very happy. But it probably won't last below its bottom by 

Maddy: [00:16:07] early grains at the moment.

Sophie: [00:16:09] I knew that Macquarie had a good quarter because Clem was bouncing around the kitchen, saying that a stock fix paid off, so Clem then was giving you the options again. Option one is good old Macquarie. Option two is CommBank and Option three a bit of left field. But you know why not Westpac? 

Clementine: [00:16:31] This is a tough one, but I think I'm just going to have to stick to my guns and go with Macquarie, and I can't go past a female CEO as well. It's good 

Maddy: [00:16:41] to say we had a post on Instagram this week about Sharma, and we had a previous guest, Sally McDonald, comment on the Post, saying, The best CEO in Australia at the moment, they go go tomorrow 

Sophie: [00:16:52] aspirations. We are going to take a quick ad break for our sponsors and we will be right back to keep hearing what the word on the street is about. What to invest in a bear market. 

Clementine: [00:17:04] OK, so in times of trouble, like we're kind of in now, I've also noticed that I'm filling up my Honda Civic spot. 2009 champagne coloured the price of fuel is up, so surely someone's benefiting from this? 

Sophie: [00:17:18] Let's discuss this for a minute. Like, let's sit on this for a moment. Filling up your car is so expensive I feel like I'm going to go to the electric scooter out soon. What are your thoughts? 

Maddy: [00:17:25] I'm loving this new thing that's all around Melbourne. This scooters everywhere. It's very exciting. 

Clementine: [00:17:30] And I give it. I give it two months. 

Sophie: [00:17:32] The Fed sorry play Faraday Future with no.

Maddy: [00:17:38] I want to believe that all of these are not just going to end up in the air. I really want to believe it 

Sophie: [00:17:43] actually road running to work today, and it got me there in eight minutes. But it's more expensive than a myki fee. So doing it every day would really add up. And I'm very close to the 

Clementine: [00:17:54] scene and you want to save that money for Friday.

Sophie: [00:17:58] Anyway, we've we've digressed. So talking about fuel, I guess one of the goods that inflation is measured against can be energy. So rising inflation is actually linked to rising energy prices. So pretty much if oil, something like oil is on the rise. If you fill up your car, it's going to mean an increase in earnings for those companies that are involved in the energy sector. 

Maddy: [00:18:19] I guess there is a bit of a trade-off here, though, because owning energy stocks a lot of the big ones in Australia might not necessarily align with your sustainability goals or values that you may or may not have. 

Clementine: [00:18:31] It's a big no for me as a in a, you know, 

Maddy: [00:18:35] straight up North 

Clementine: [00:18:36] Melbourne, and I think the most environmentally unfriendly thing I do is drive my Honda Civic Sport maybe twice a week. I don't know anything about energy stocks or mining stocks, and I really don't think I want to touch it. 

Sophie: [00:18:51] But we did do a little bit of research together over Covid. When we looked into changing our superannuation, we did a little bit of like renewable space. So you do like to invest in the renewable space 

Clementine: [00:19:00] a little bit differently, and that's something I've actually put on my list of goals for 2020 to because I haven't gotten around to it. I'm very lazy. 

Sophie: [00:19:09] We spoke about that like 12 months ago. 

Clementine: [00:19:11] I know, I know. 

Maddy: [00:19:13] Hey, things happen. I actually was listening to a very interesting podcast the other day that was talking about how because I feel like companies like Big Pay and things like that at the moment are really coming out with this story that they're painting, that they're changing their business, they're moving towards renewables. And it was actually talking about how PR companies are going to start becoming liable for painting a pink shot. That's not accurate.

Clementine: [00:19:35] Oh, maybe I could do that. I'm a publicist, but I don't touch.

Maddy: [00:19:39] They go, 

Sophie: [00:19:40] Do you know anything about that? Like, have you ever have you heard of it like companies becoming liable because they're painting the wrong picture about a company?

Clementine: [00:19:48] Oh, for sure, it hasn't happened in my industry. I just touch lifestyle, so it's very wishy washy. But you can get in a lot of trouble for what you say. Like, it's like that time that if I upset that it had more vitamin C than an orange, do schoolgirls disprove them? 

Maddy: [00:20:03] They go. Fun facts from clove. Sorry, I've got some options here for you. We've got no one. Couldn't go past it. BHP No.2. I did put in a bit of a hydro wind farm kind of option, which is at Meridian Energy. And then number three is Woodside Petroleum. 

Sophie: [00:20:22] Wait, isn't it? When are you going to petroleum? 

Clementine: [00:20:24] Yeah, petroleum. 

Speaker 4: [00:20:27] It's Coachella and got it all. So keep that. It's great 

Maddy: [00:20:35] that I've literally read that word 

Speaker 4: [00:20:39] fly now, do 

Clementine: [00:20:40] you? How do you even hold both? It's so Charlie and his back. 

Maddy: [00:20:47] And number three is Woodside Petroleum Clem. What are we checking in the portfolio or you can bypass all, OK?

Clementine: [00:20:55] I think I've got to give the renewable want to go, so I'm going to lock in Meridian Energy and I'd like to see how that fares over the next few months.

Sophie: [00:21:02] It will actually be an interesting to one to say because we've just said that energy prices are linked with inflation. But does that include renewable energy? I wonder. So I guess we'll have to wait and see what happens over the next couple of months. 

Clementine: [00:21:14] Time will tell. OK, ladies, advice from Granny Jill, by the way. That is my grandma. We hadn't figured that out already. She also said another really good industry to watch when times are tough is consumer staples because people got to eat no matter what's going on, and they will have to do the boring stuff. And I think that bulls and the consumer staples, so other big foodie and my spending, to be honest, doesn't really change on food when the economy is up or down. I'm going to buy local clothes, by the way, which is one of the best clothes in Australia. It has like artisanal maids and like a self-serve frozen food section. I mean, diggers probably got me there about six times a week, just going up and down the aisles. They all know me by my name, so why not invest in something, you know? I mean, that's what my grandma always says, like, invest in what you invest in, what you're interested in. So is there anything food related because I don't really have anything in my portfolio yet?

Maddy: [00:22:10] So before we go there, I'm interested to know, have you noticed that your weekly shop has gone up in price with all this? Talk about inflation? 

Clementine: [00:22:16] I'm a bad person, Dollars because my money values is definitely eating and making delicious food. So for other people, I'm sure it might be a factor. But for me, I'm just like, skimp on everything else. Food comes I 

Sophie: [00:22:29] come home with, like the classic loaf. That's like true Dollars home brand. And she's like, Don't touch my outer. I'm like, OK, now she shares everything. She doesn't actually say that I just look at it like, I shouldn't touch that, 

Clementine: [00:22:39] but not the fennel seed infused butter. Because that's for me, baby. 

Clementine: [00:22:45] really good with Vegemite. If anyone wants to try it out, it's called laid off bottle, which is pretty funny, though, but yeah, shout out to them as well.

Maddy: [00:22:54] Well, consumer staples doesn't just have to be food. Just to clarify, true

Clementine: [00:22:59] granny Jill also says

Sophie: [00:23:01] Sorry, should credit just come and run this podcast because I feel

Clementine: [00:23:06] I also got a call from her yesterday, and she said, Please let me know how I can download this and listen. So shout out to Granny do it because one day you'll probably learn how to do this. She also said Wesfarmers, which obviously owns Kmart and buy one of my favourite. Yes, and she just thinks that because of Covid, everyone was stuck between their four walls and going, I hate this couch. I hate this table. I want a new nightstand. I think people was so into home improvement because there's really nothing else to do, and I think that was really reflected in the stock market. We saw those companies go up, especially with farmers. 

Maddy: [00:23:41] Wesfarmers is a favourite of mine. I know when we were talking about this the other day, so if you said another one of your housemates was talking about Adairs, which is another one in that category.

Sophie: [00:23:50] He was saying that that is a very high dividend that they pay off, although their growth hasn't been great as of recent. But this is the housemate chat that we have most days. 

Clementine: [00:24:03] Matty Typekit has a circle.

Sophie: [00:24:06] So Clem, when we were looking at consumer staples, there were so many stocks that I thought of and just thought you. Unfortunately, not all of them are in the ASX 200, so we really had to limit it down. AJ, I was thinking Covid mistake some of your favourite out olive oil or Maggie beer, some of your favourite paté. 

Maddy: [00:24:25] I thought Maggie B was listed. 

Sophie: [00:24:27] It is but not in the top 200. And therefore it might not make this game, but we'll give you some companies anyway and you can make up your mind. 

Clementine: [00:24:38] Hit me. All right.

Maddy: [00:24:38] Well, we've mentioned a few there. So let's go Wesfarmers, your favourite supermarket, Coles and maybe a rival. So let's go. Well, what what are you picking?

Clementine: [00:24:49] Oh, OK, this is tough because as mentioned, my local one is Coles, but across the board, I think Coles just doesn't add up to Woolworths. I love Woollies interests, and they also have Jamie Oliver as a celebrity ambassador. So what's not to love liking Woolworths plays any obstinacy? 

Sophie: [00:25:10] Say there. If we were doing a quiz for you, clam on like, I don't know those quizzes that are in magazines, it'd be really confusing because you've got like ABC Bay that you wouldn't be in one of the categories, you know, that fits you into 

Clementine: [00:25:21] nerve keeping you on your terrace. 

Sophie: [00:25:25] Although I love your choice of voices, I'm definitely a Woollies girl, but not a fan of every brand. If anyone has seen it recently, 

Maddy: [00:25:33] oh, 

Clementine: [00:25:34] I've heard about this so strange. 

Maddy: [00:25:36] I am quite interested by the new logo, though, because I kind of thought the Woollies competitive advantage over Coles was that it was like grain and fresh, and now they've gone from below sad. 

Clementine: [00:25:47] Lost. Here I'm going to chuck in a few bonus food ones because it's really got me thinking. I noticed that Big Cheese is listed and I love cheese so that that's going in my bonus basket, as well as select Harvest, which is s h b. You probably don't know the name, but you'll know the nuts that they do. They're pretty much stuck all the supermarket. Not so lucky. Not all those kind of brands, and I think those are two ones that I'm going to be putting on my watch list. 

Maddy: [00:26:13] I have to get you back for a food industry episode. 

Clementine: [00:26:16] I would 

Sophie: [00:26:16] love that. Maybe we can ask the ASX if they can just add a couple of bonus funds to our portfolio is filled out nicely with food. 

Clementine: [00:26:22] OK, so 

Sophie: [00:26:24] claim my guest. Today we have looked at our strategy, what we're going at. The industry are going to be investing in along these ASX game. I think our strategies that what over the next couple of months are going to just be investing regularly into these industries. Is that like a common consensus? Is that what everyone wants to do

Maddy: [00:26:39] A-grade with the dollar cost averaging? 

Clementine: [00:26:41] That's what I'm doing well trying to do in my airo portfolio. Just little bits at a time. The second that paycheque comes in, I quickly put some money away and pretend I didn't say it, and it goes to Mr. Stockman and we say how 

Sophie: [00:26:55] good a claim on the spot question. If you were given 50k real cash right now, what would you do with it?

Clementine: [00:27:00] Oh God, OK, this is going to sound like a suck up answer, but I would take all my housemates on an all expenses paid trip to just Italy going to Italy. We're going to Italy for two weeks. No expense spared, but going business class. We're getting the full private butler tour. We're going to Tuscany, we're talking the Amalfi Coast and then we'll come back with absolutely nothing left in the bank. [00:27:23][22.3]

Maddy: [00:27:23] I thought you were going to say, suck up answers, invest it all. I'm very disappointed in Cliff 

Clementine: [00:27:27] God loves to. I mean this. I know this whole podcast is about investing, but if you ever had Baradaran, Italy doesn't compare well. 

Maddy: [00:27:38] Clem, thank you so much for joining us today. We are looking forward to having you back on in about a month's time to check in with the portfolio and see how your picks are going. 

Clementine: [00:27:48] I'm nervous but really excited, and thank you so much for having me. Let the games begin, ladies and

Sophie: [00:27:53] Clem, before we let you go today, you may know you've already done a shameless plug, but I know you and you want to do another one. I can say it on your face. Is there anything you'd like to plug before you go? 

Clementine: [00:28:05] Yes. So anyone on a little known platform called Instagram at Clemmie know that's a Donaghue. Three O's D.O.A. And you can follow my food journey and maybe you'll see some behind the scenes shots of dig out in our undies running around the house because we have. Just kidding. That's totally unprofessional to always be fully dressed and I really appreciate you, Matty, your great.

Maddy: [00:28:29] Thanks so much, Clem. And if you want to get involved, head to W WW to dot ASX dot com dot a u and sign up. We would love it for you to play this game along with us, especially 

Sophie: [00:28:41] at a time like this when the markets are a little bit crazy. We are going to be posting more details about the game and also progress of our journey on all of our social media. So as always, head over to our Instagram at YIGC podcast 

Maddy: [00:28:56] and join us in our Facebook group. Why, say, investing podcast discussion group? And we will put the links to sign up in the show notes as well. We cannot wait to play along with you. 

Sophie: [00:29:05] This is really also going on a journey together, so I'm excited for this one who can really touch base quite a bit and say how we're all going. Also, it would be so interesting to hear what your strategies are at a time like this, so definitely a thread for the Facebook group as well. 

Maddy: [00:29:19] We will catch you next week. Goodbye.