GSI x YIGC crossover: Building the ultimate investor starter pack

Bryce: [00:00:28] Welcome to a special episode of Get Started Investing feed and you're in good company for those that are listening on the YIGC feed. My name is Bryce and I'm co-founder of Equity Mates Media. As always, I am joined by my equity buddy Ren, but also founders and hosts of youre in good company, Maddy and Sophie. Ren how are you going?  Alec: [00:00:44] I'm very good. Bryce Very excited for this episode. First time the four of us have been in a studio together. Bryce: [00:00:50] Yes, Maddy, welcome. Maddy: [00:00:51] Thank you and some great company guys. Speaker 2: [00:00:53] Thank you. Sophie hello. Sophie: [00:00:55] Hello, everyone. Bryce: [00:00:57] So we are very excited. This is the first time we have been in the studio together. It is the reunion 12 months since you are in good company kicked off. So congratulations. We're very excited. And this is going to be an electric episode being in the evening in the studio together. No pressure. Speaker 2: [00:01:15] You got some air. Bryce: [00:01:18] So we're going to spend the next 20 minutes or so unpacking a bit of the journey if you're in good company over the last 12 months. Big lessons what you've learnt and then closing out second half the episode, a bit of a game. We're going to be putting together a, I guess, a draught, each of us compiling a draught of our favourite, say our favourite investor and ETF, a stock best investing book and piece of advice that our audience will then vote on. Alec: [00:01:45] Now, before we get into all of that, we want to turn the tables on the two of you. You always start your interviews with the same question. What's the best thing that happened to you this week? So to kick us off today, Maddy, why don't we start with you? What's the best thing that happened to you this week? Maddy: [00:02:02] Mine, we just have to be coming up to Sydney and spending some quality time with my Equity Mates team Alec: [00:02:09] nice one, Sophie? Sophie: [00:02:10] Probably when on Saturday night, Bryce said we were having Mexican for dinner because that meant margaritas involved. Maddy: [00:02:15] Yes, I do love them. Why do I say it Bryce: [00:02:19] was a wild night? I know on Saturday, Alec: [00:02:22] unfortunately, I heard there was more than a few Maddy: [00:02:28] Every few minutes. Also, like margaritas.  Bryce: [00:02:32] Wild things on Saturday night, and great way to kick off your time here in Sydney and get started with the week. Unfortunately, you did miss it. Alec: [00:02:40] Ren I did. I did. Why don't we ask you Bryce? What's the best thing that happened to you this week? Bryce: [00:02:44] Well, I mean, Saturday night was like a movie, so one that I won that I'll never forget. Yeah, right? Oh, yeah. So let's leave it at that. So let's let's move on. Last time we did chat. You guys had just launch massive plans, and it's been an awesome sort of 12 months. Looking back, over the last 12 months, what have been, I guess, some of your most memorable moments? Let's start there. Sophie: [00:03:14] I feel like one of the most memorable moments of last year was when we did a live event at Melbourne Central. I guess the whole of last year was definitely throughout Covid and we got to do that live event and we got to interact with the audience, which is amazing. And then maybe a second one for me was the fact that we interviewed Julie Bishop. I mean, she is was a dream guest. We got her on the show. It was an incredible interview and I just felt very, I guess, humbled and fortunate to be able to speak with someone of such calibre. Maddy: [00:03:41] Yeah, I think for me, when we started the podcast, we did a first run of like a trial up that you're real thankful that never got released. But in that episode we talked about adore beauty and their IPO, and we talked about how dream guest would be, Tenille O'Shannessy, the CEO of the CEO of IPO, the CEO of Adore Beauty. And I think when we got her on the show and the conversation that we had with her, it really felt like we were going full circle. So that was really nice. Alec: [00:04:07] Yeah, some great moments are a great first year. I'm sure you've learnt a lot from all of your guests. What were some of the biggest lessons that you've you've learnt over the past year? Sophie: [00:04:19] So I guess imagine I started this podcast as not experts in the financial field, and we just wanted to start this because we want to. We felt a little excluded from the conversation. So there's been a lot of learning. I think with investing particularly, I have learnt to invest consistently. And one of the lessons I've learnt recently is to not just jump on board or the growth stocks that you see in the market and actually really try and understand a company and research it well, understand the leadership, all those other things as well. Before you do invest in something, don't take stock. Pick from a random person who probably doesn't know anything. Bryce: [00:04:51] What's been the biggest surprise about creating a podcast that you've learnt like? I'm sure you've got people asking you questions about how they can get one off the ground. We certainly do a lot of people coming to the Equity Mates, sort of. With a podcast idea, was that everything that's right Alec: [00:05:06] up to that's just Bryce fishing for me. Speaker 2: [00:05:09] If you have an idea, I had a call. Sophie: [00:05:12] I think one of the biggest things I've learnt is that you don't just come onto a podcast and like, sit behind a mic. It's so much more than that. And like, we're so lucky that we've had so many incredible conversations, but I feel like doing a podcast is so much more than that. It's kind of interesting because you do get to say the behind the scenes of like building up a little business. You've got to think about your audience, you got to think about the social media. So I think it's a lot broader than just, yes, sitting behind a mic every week. Maddy: [00:05:37] I had a podcast host interview the other day, and I think he must have been asked a similar question. And he said that podcasting is like the biggest life hack, and I totally agree because we got to go. We interview incredible people, ladies, and if I just message them saying, Hey, can I catch up for coffee with you? It'd be like, No. Who are you? Random? Go away. But I message them and I'm like, Hey, can we like record a podcast with you? And then we just get to sit and pick their brains for an hour. And it's like, it's such a cool way, I guess chat to people and get access to people. It's like the best excuse in the book. Bryce: [00:06:09] Couldn't, couldn't agree more. I just wish I remembered more of what he spoke about in interview. Speaker 2: [00:06:14] Oh, I should go back and Bryce: [00:06:18] listen to our old episodes. But yeah, it's one of those things that is so in the moment thinking about podcasting. So I've got the next question, those sorts of things that when you do go back and listen, you like that it's actually really great. Sophie: [00:06:28] You say, I like to say, I listen, I listen to hours because I'm trying to bring up the listeners like every listener. Speaker 2: [00:06:34] I mean, yeah, I do. OK. Alec: [00:06:38] So a key part of your podcast was to really help make investing a more inclusive space, bring more women into the investing space. I remember when we started, there was some pretty stark statistic. Some women retired with a third of the superannuation of men. Only 18 per cent of online Australian investors were women. How have you found the conversation changing amongst your friend group amongst your listeners in the past year? Is it is it something that you're noticing, however slowly, that that conversation changing? Maddy: [00:07:12] Yeah, definitely. I think when Sophie and I started this and you know, obviously when you start a podcast, you want to be big. But I think we also kind of have this conversation around like if if literally one person starts investing because of listening, then it's like, that's job done. Like, we have achieved what we set out to accomplish, which is just help more women get involved in the stock market. So I think, you know, we are so lucky we get lots of messages on Instagram while people writing in our Facebook group saying that they've started investing and this is how they're going and this is what their experiences are. And I think it's just so cool to see so people have that space that they can come to and kind of connected us and say that. Sophie: [00:07:50] I also think we interviewed someone today, actually with the podcast coming out maybe next week or this week, Brett Gold Wealth, and she said that she wants to be a circuit breaker. And I feel like that's kind of what's happening within like our community and around our friends. And even broader than that, it's like if someone does break that circle and then they talk about it and they make it really normal. It's like then people feel comfortable to speak about it all the time will bring it up at a place that they might not have previously, you know, sitting around for dinner or even just speaking about it on social media. So I feel like bringing a podcast like this to, I guess, people's communities. It does kind of break that circle a little bit. Yeah. Alec: [00:08:25] Well, Matty, you said if one person starts to invest, job done. Hopefully not job done because we hope there's plenty of job to go and you guys are around for a long time. You're a year in. If you think about a year from now, what do you want your own good company to be Maddy: [00:08:41] interviewing Melanie Perkins? Speaker 2: [00:08:43] You're good. That's that's a good guess. Alec: [00:08:47] You are speaking at Canva. Well, when this is released, you will have spoken at Canva, so maybe you will have got the interview in the diary. Sophie: [00:08:54] We are probably going to drop the name quite a bit just to see if anyone has that contact. Alec: [00:08:58] Yeah, surely people that can have a good Speaker 2: [00:09:01] look Sophie: [00:09:02] now, but I think more live events, more interaction with the community growing at as much as they can, as you said, growing it to more people so that we can, you know, hopefully change other people's financial freedoms. It's just growth and interaction. Speaker 2: [00:09:15] That's only one. Yeah. Bryce: [00:09:17] Well, speaking of live events, we've got FinFest coming up in October. Save the date, October 15th for those listening who have no idea what it means or what it is. Equity Mates media are turning finance events on their head. We're bringing a festival atmosphere to a finance conference. Yes, that that is the truth. Alec: [00:09:37] Yeah. Plus, Grande Bryce: [00:09:38] de Jong UN's arms trading Ren lining the Speaker 2: [00:09:41] turntables Maddy: [00:09:42] behind the bar making margaritas. Speaker 2: [00:09:44] No, right. Bryce: [00:09:45] So for those listening on, you're in good company and Get Started Investing feed Maddy & Sophie will be at Finfest Maddy: [00:09:51] confirmation there will be a YIGC party bus at Finfest Speaker 2: [00:09:55] Yeah, this actually came out on Saturday night. Covid updated to that. Bryce: [00:10:02] Mario, chauffeuring people from the sorry, the younger coming party boss will be shifting people from the end of finfests to the official party. Speaker 2: [00:10:10] Oh OK. Are we going to have enough? Is it going to Alec: [00:10:12] be why I say live show on the oh? Sophie: [00:10:18] I was also featuring like in the bathrooms. I interviewing people live from the home. I just thought, it's such a funny concept. Every time you go to the bathroom in your division where you made the funniest people, Speaker 2: [00:10:28] especially the ladies. All right. Good, good. Why don't you come to you? Can. You can, you Bryce: [00:10:35] can see so you have in the bathroom. Alec: [00:10:38] She'll be on my official bathroom correspondent. So if he stays in there all the time, Speaker 2: [00:10:43] it was a really good idea. It's a good idea. Bryce: [00:10:46] But anyway, nonetheless, marrying Sophie will be that. We'll be there. It's going to be an epic event, so be in the show notes to register details. And I think the girls will be giving more information on party bus and toilets, toilet interviews as time goes on. But we're really excited. Speaker 2: [00:11:04] We are excited. Yeah. Bryce: [00:11:06] So before we rip into formulating our dream team, we're just going to take a very quick break to hear from our sponsors. All right, so with the footy season having kicked off already, we're all very competitive, we thought to be a great chance for us to compile our own investing. Dream Team have a bit of a game for the second half of this episode. The way this is going to work is we're going to go around the room and put together a team that comprises of one CEO, one investor, one ETF, one stock, an investing book and a piece of investing advice you've received. So an all round investor pack. Speaker 2: [00:11:46] Yeah. Bryce: [00:11:47] Now there's no rhyme or rhythm to this. There's no rules outside of that. You can do whatever you want. The ultimate goal is to win, and that will be done through our social media channels, both social media channels where our audience will vote on their favourite investor pack. All right. So to rip, to rip into it and how about Matty? You start with Speaker 2: [00:12:06] sorry. Well, I hate to Bryce: [00:12:09] leave nature that way. Sophie wants to go for the far side, so he wants a Speaker 2: [00:12:15] little bit of jealousy and ego. Okay, Maddy, Bryce: [00:12:19] you're going for us once they start to kick us off about investing Maddy: [00:12:22] draws. My theory is Sara Blakely, who is the CEO of women's shapewear brand Spanx now. This is why two reasons the first one is that she did the. She got a latest round of investors that included Oprah, Whitney Wolfe head and Reese Witherspoon. Pretty good line-up. Their second reason is that when an investment firm bought a majority stake in Spanx, valuing the company at one point two billion, she actually celebrated by surprising her employees with two first class plane tickets to go anywhere in the world, plus 10k of spending money for whatever they wanted. Speaker 2: [00:12:57] Well, don't expect that. Yeah, man, you Alec: [00:13:03] you're going to be doing if we raise money Bryce: [00:13:04] in years to come. Absolutely. It's on record. Nice. Okay, so that's a good one. You've definitely done more preparation for this than I have so far. Sophie: [00:13:16] My CEO is Brian Chesky. Here is the CEO of and co-founder of Airbnb. And the reason why is because I listen to him on how I built. This is Guy Raz, the Resilience Project Mini-Series that they did over Covid. And it was all about like how they transition the company during such a tough period, especially for the travel industry. The way he talks about how he runs the company and also like his dedication to like the employees. Obviously, there were some layoffs during that period, but his dedication to his employees in the company was just kind of something that not resonated with me because I don't have a company like he does. But like I, you know, I really appreciate that in a leader. Also, everything that's happening at the moment with Ukraine, I feel like it's really cool that he can pivot the company to also be charitable and kind of assist with those causes. So, yeah, I think he's a very admirable of sayer Ren. Speaker 2: [00:14:04] Are you going to go? Are you going to go around? Sophie: [00:14:05] I mean, just good to see you guys Bryce: [00:14:08] I would say close, close to home and my favourite say here in Australia is broadband, actually. Obviously, I'm not going to choose him, though, because whilst whilst I would love to put him on the list, we are trying to win a competition here and Speaker 2: [00:14:22] oh, would you not win? Bryce: [00:14:23] I don't think he'd win. Speaker 2: [00:14:24] I don't think he'd win. All right. Bryce: [00:14:26] And I think one of the key traits of a successful CEO to two major key traits, obviously incredible intelligence and sales salesmanship, if that's a word, someone who can sell anything ice to Eskimos, a pencil sharpener to a pencil, etcetera, etcetera. So there is no doubt that the number one city in the world at the moment, I think, is Mr Elon Musk. And so I think him at the helm of any company, despite his off the record Twitter posts, he he's the guy for me to be in charge, so Alec: [00:15:04] he's my man. It would have been very surprising if we went around and Elon Musk wasn't mentioned favourite CEO. You want them to be in charge of a fast growing hot company, and that's why Bryce let's be CEO. Speaker 2: [00:15:19] I was at least not the Fed. Thank you, guys. Look, we won't. Alec: [00:15:25] We won't pander to Bryce. When I was thinking about what CEO I wanted to pick, I wanted. I thought about what kind of investors we are here to get started investing at. You're in good company and we're very long term investors. So my CEO is Bill Pollock. I assume no one has heard of him now, but he is the world's longest serving and say, Oh, Speaker 2: [00:15:46] not Warren Alec: [00:15:47] Buffett. 51 years, not a bad run, but Bill Pollock, 70 years, the founder and CEO of Drake International. Bill is 92 years old, celebrated 70 years last year. Still CEO to put it in context. He was in business running his company 20 years before the first email was sent. Shays. Bryce: [00:16:11] I wonder if he sends an e-mail? Speaker 2: [00:16:12] Yeah, probably. Alec: [00:16:14] But yeah, Bill Pollock because he embodies. Long term investing. Bryce: [00:16:18] Nice one. All right, let's move on, so we've got we've done a wrap. So we'll go. Sophie, your turn. One investor to add to your investor pack Sophie: [00:16:27] again, I'm just going to get the basic route. But also my favourite investor definitely is Cathie Wood. Over the Covid period, she had some serious success because she was investing in a lot of growth stocks. And although we are seeing a market correction, a lot of those companies, a lot of the a lot of younger people aren't giving up on her ETFs and her stock picks because they can see the value of those companies transgressing into the future. I feel like Cathie takes a lot of slack. She's a boss woman, and I just would want to have her on my team if I was in an investing portfolio. So that's my lady Bryce: [00:17:00] ethic, OK? So obviously, I could throw around names such as Bill Ackman Speaker 2: [00:17:05] or Seth Bryce: [00:17:09] Klarman, for example. But now I want one. One investor that has constantly intrigued me and one that we haven't really unpacked on the show and also is incredibly off limits for us and everyday people, is a guy called Jim Simmons and his company Renaissance Technologies. I can't remember the name of the fund, the the Diamond Fund or the Medallion Fund. It's a fund that is only available to people who work at his fund, and it returns something like 75 percent a year or something crazy. It's completely run by algorithms. He's written a book on how he beats the market, but you have to work. Sophie: [00:17:48] Can you say what they invest in like? Is it not completely privately Speaker 2: [00:17:52] on the Bryce: [00:17:52] rocks? It's just it's super private, but it just absolutely destroys the market returns. So, so Alec: [00:17:59] so. He didn't write the market, but sorry, he didn't write the book, but the book is called The Man Who Sold the Soul. Yeah, yeah, yeah. Bryce: [00:18:05] So I'm Jim Simmons is my man and his maybe his computer is my man. Speaker 2: [00:18:12] The actual guy? Yeah. Alec: [00:18:14] All right. Well, for me, we all have heard of Warren Buffett, the Oracle of Omaha. I am going to go. Someone who is such a good investor may not have the name recognition, but has been given a similar nickname the Oracle of Boston, a.k.a. Seth Klarman. He is he. He's been investing for a few decades now. His fund is a bore post group. He's a billionaire, so he's done pretty well. But the reason that I love him is he has written one of the best investing books or the best investing book I've ever read. Margin of safety. It is so clear, and it just encapsulates so much of what we have learnt over our journeys as investing podcasters and what we try and talk about on this show. So Seth Klarman, for me, is a great one to follow, and I'd love to have him on my time. Bryce: [00:19:07] Nice. Wondering what you do for best investing book? Alec: [00:19:10] Then you know what? I I won't choose. Well, I'll say what you guys. Yeah. Bryce: [00:19:15] Sure, sure. It's also very expensive, isn't it? Alec: [00:19:19] Yeah, I think it's like a thousand dollars on Amazon, and I'm not saying you should do this, but if you were to Google, you might find a way to get it for free. But I'm not saying you should do that. Maddy: [00:19:33] Maddy investor someone very close to home for the Equity Mates family also and Equity Mates Investor of the Year award winner. I'm going to go with my fisher. I just love her investment philosophy. She talks a lot of sense, but I think what I like most is that she often pitches companies that, like we already know and they say, really obvious. But she's able to bring a new perspective and identify new opportunity in some of just Australia's biggest companies. So I'm going to go with Emma. Speaker 2: [00:20:02] Yeah, great. Bryce: [00:20:04] Nice one. Okay. So we've got say we've got invested now we're turning to one ETF that you would hold forever or whatever time period you want to put on it. I guess I'm starting. So this one pretty straightforward for me. I want the best companies in the world in one of the biggest market in the world and a market that consistently pumps out good returns over the long term. That's the S&P 500. Knowing that I have a long time horizon for investing, I want to put some leverage Speaker 2: [00:20:33] down and put Bryce: [00:20:34] some leverage behind that. So I'm going just jaguars is the ticker. It's it's U.S. equities geared by betashares for someone who has 40 plus years. Get me on that. Sophie: [00:20:46] Can you give us a rundown on kid? Like, what's the difference with a kid? Bryce: [00:20:50] Yeah. So long story short, but essentially it amplifies your position and you're. So instead of buying one unit, you can buy essentially for the same price. It'll give you exposure to three units. And so over a long period, Sophie: [00:21:07] more gains, more gains or Speaker 2: [00:21:08] losses almost the other way. Alec: [00:21:10] For every dollar you put in betashares, go to the bank and get another $2. So you get three. Speaker 2: [00:21:16] Yeah, which is good. Alec: [00:21:18] It's good if things go up as bad, if things go down. Yeah, yeah. Bryce: [00:21:21] Do your own research. Alec: [00:21:25] All right. Well, as you may have heard from my reaction, Bryce stole mine. Speaker 2: [00:21:30] You got it. Yeah, yeah. Alec: [00:21:32] Yeah, I think I so I will stay on the theme of long term leverage to an index. Nothing. Nothing too exotic. Nothing too fancy. Australia is home to some of the best country companies. BHP came home and it's now our biggest company, CSL world beater doing incredible things. So, you know, it may not be as sexy as the S&P 500, but America had its run. The 2010s was America's decade. If you look in historical stock market terms, the same stock market never doubles up decade after decade. It's Australia's turn. I'm going the ASX 200 leveraged ETF from BetaShares Speaker 2: [00:22:16] Gear, Bryce: [00:22:16] Nice Air Gear Gear and US Maddy. Maddy: [00:22:21] Well, Alec, actually just still in mind. Speaker 2: [00:22:24] We're all on the same page. Good. Maddy: [00:22:26] Look, my full back is going to be a basic but goodie. We've touched on it before, so I won't dwell on it. But companies and leaders that are really changing the world can't go past ARK ETF ticker ARK got great woman at the front loading that one. Sorry, I'll Cathie all the way. Sophie: [00:22:43] Yeah, and she's my investor. Remember? So if you want to watch out for my portfolio, that's it. Speaker 2: [00:22:47] Yeah, that's good. Alec: [00:22:47] It didn't matter. Just take your HSA for you. Speaker 2: [00:22:50] It's yours Sophie: [00:22:51] now. Obviously, I do like Ark as well, but I wasn't going to go double up. So instead I have actually gone a little bit risque compared to everyone else. I've gone ticker H.J. a.n, which is a hydrogen ETF, which follows the sole active global hydrogen ESG index. I really think hydrogen is having a moment. Everyone's working towards decarbonisation. I mean, look what's happening in the media with AGL and Mike Cannon-Brookes. And I think that although it's a thematic that's kind of already taken off, I know people do say like, don't jump onto a thematic just because you're hearing about it a lot because it might be too late. But I just think there is so much room for hydrogen. So that's my little rischi one for you. Bryce: [00:23:30] Love it. All right. So we've got three to go stock investing book and piece of investing via So let's do a power round Ren your turn one stock Alec: [00:23:38] one stock Interactive Corp. listed over in the US ticker. I say I won't go into the full breakdown, but you can listen to our stock of the episode on the Equity Mates feed if you want to hear it all, but it is the anti conglomerate. It creates companies and just throws shares at you. What more could you want? Bryce: [00:23:59] I will attest it is a very interesting company. Alec: [00:24:01] If you've used any online dating app in the past 10 years, you've interacted with them. Speaker 2: [00:24:07] I haven't done that, Maddy? Maddy: [00:24:11] Mine is unity software. This company owns the world's best game video game engine, and they're working with some pretty incredible companies at the moment, which is very exciting. They're also the first choice for companies launching into the metaverse or very topical at the moment. Sophie: [00:24:26] I'm going square or now block. I feel like they are moving into some incredible spaces. They have Jack Dorsey at the front of the company. They're expanding their global and I think it's just a big one that I have conviction in. Bryce: [00:24:39] Nice one. I'm going rock solid, rock solid foundations in a company that's just going to keep on taking over. Can't go past Berkshire Hathaway for me. Give me Warren any day of the week. Alec: [00:24:48] Surprising inside Macquarie. Bryce: [00:24:49] I had it on my list Maddy: [00:24:52] because I was like, No, Bryce: [00:24:54] I've pump them up too much. Alec: [00:24:55] So before we move to book and advice, we should just say ETF and stock, obviously not financial advice. As we say on every episode, all of these companies weren't discussed with reference to the price they're trading at now or anything like that, or any research or any research total. Sophie: [00:25:13] Yeah, totally making it up. Alec: [00:25:14] So this was purely for the purposes of the game. Do your own research, get financial advice if you feel you need it? Bryce: [00:25:20] That's it. Okay, so it is now back to Matty with one investing book. Maddy: [00:25:25] Yeah, this is one I've read a couple of weeks ago. Actually? Read Notice by Bill Browder. Incredible book. You guys have interviewed him. Him being bill on Equity Mates before that. A UK guy investing in Russia and then gives incredible insight to, I think, just what Russia slash. Probably person in particular is lack as a leader, particularly relevant at the moment. So I would highly recommend reading that one. Alec: [00:25:50] Yeah. Bill Browder is known as Putin's number one enemy. So very relevant of Speaker 2: [00:25:56] it's like Sophie: [00:25:57] my favourite investing book is again a classic one up on Wall Street by Peter Lynch. It has all of the best lessons that I've gotten about investing. He was obviously investor over a very long time, so I just think it has a lot of insight into the markets. Bryce: [00:26:10] Nice. Well, I'm hoping that we're on the same wavelength and you'll say one of them. So I'm going to just give a selfish. To go Get Started Investing feed. Speaker 2: [00:26:19] A book that Bryce: [00:26:19] we've written, if you haven't got it or you know that someone wants to start their investing journey, Get Started Investing feed the book for you there. Alec: [00:26:26] I've done it, so I feel like what I've done the the greatest beginner investor book with the worst title. Yeah, yeah, okay. Millennial Money by Patrick O'Shaughnessy. This guy can create world class investing content, but he can't think of titles to save himself. His podcast is called Invest Like the Best. And his book is called Millennial Money. Name a worse pair of titles, but the content is incredible. Millennial money is the number one book I would suggest, except for our own yes, for any beginner investor. So I'm going to lock that one in. Bryce: [00:27:01] Awesome. All right. So to close it out, best piece of investing advice that you have received Sophie? Sophie: [00:27:08] minds about goals. My one of the best piece of advice I've been given is to make three months go three month goals in investing. It's really good to obviously have your big long term dreams what when you think of retirement, it seems like forever away. And when you make something in a three months, it's long enough to achieve something but short enough to take accountability for it. And I think it's been one of the things that has really set up my investing routine, and it's also one of the things that pushes me to learn more because I can say things like, I'll read a book and learn about this space or invest consistently over that three months. You can make it dynamic. So yeah, that's mine. Three months, girls love it. Bryce: [00:27:43] Look, there's plenty, but I think one that's particularly relevant for now, and this is to always have some cash on the side and don't have cash on the side that is in your savings account, but have cash that's in your brokerage account. Ready to rock and roll and that doesn't mean you have to have 10 grand on the side, but just have something so that when markets present opportunities like now, you don't have to go. And so either stocks or your car like Ren is trying to do to fund more share purchases. Alec: [00:28:11] If anyone would like to buy a 2006 Mazda three sport, Speaker 2: [00:28:15] it just all royal blue or Alec: [00:28:19] yeah, Speaker 2: [00:28:19] blue. He's colour-blind. He knows all Ren. Alec: [00:28:24] So this is one that I like to remind myself when the admin of investing becomes a little bit too much, or you just feel a little bit overwhelmed by everything out there. Every major technological breakthrough of the past two centuries has been investable through the stock market, and we think about the technology of today that is, you know, gets us excited that Cathie Wood is investing in electric vehicles, batteries, hydrogen. We've mentioned some of those things today, but you look back over history and all of that has been available to investors through the stock market, and that is an opportunity that should not be missed. Bryce: [00:29:01] Love that. And Maddy to close it out. Maddy: [00:29:04] Mine is a quote which I've forgotten exactly how good my. Speaker 2: [00:29:10] Right? Maddy: [00:29:10] Yeah, the essence is invest in what you know and know. Sophie: [00:29:14] I Peter Lynch. It's one of them. Maddy: [00:29:17] What is right? What is it? Know what you own and know why you own it. Speaker 2: [00:29:20] Yeah, yeah. Perfect. Nailed it. Bryce: [00:29:22] Great. Well, great way to finish. Well, let's quickly run through one word each just to remind everyone what our our parks are married. You want to go through yours very quickly. Maddy: [00:29:31] Just one with just a long time. Yes. Thanks to you, Sara Blakely. Lots of money at her employers Memphis Ark ETF, Unity Software, Red Notice and that quote No. Sophie: [00:29:47] Say Hi guys, pick me. Brian Chesky, CEO of Evan Bayh, Cathie Wood Frickin Legend Hydrogen Asia ETF Square one up on Wall Street and make three months go three month goals. Bryce: [00:30:03] Awesome. I had Musk, Jim Simmons, GE Burke, Shai Get Started Investing feed and have some cash on the side as well. Alec: [00:30:14] We will have this all on our social media, so don't feel like you need to follow along here. There's a lot of information being thrown at you, but CEO Bill Pollak, investor Seth Klarman, ETF Gear Interactive Corp. is the stock millennial money, the best book with the worst title and the piece of advice that every major technological breakthrough has been investable through the stock market. Bryce: [00:30:38] Love it! What a fun way to end the episode. A fun way to have you guys in the studio. It's been an absolute pleasure. Congrats on the one year celebration. We've loved watching you grow. Love listening to your content, and I know that those listening on Get Started Investing feed hopefully will now if they don't already know about, you know about you. Make sure you go and check out their content. Write and review them if you can, as well as obviously Get Started Investing feed. Alec: [00:30:59] Yeah, give them a review and just wish them a happy one year out of us. Bryce: [00:31:02] Yeah, we follow them on socials. Sophie, it's been an absolute pleasure. Thank you very much. Sophie: [00:31:07] Let's go get some margaritas.