We’re back with live events in 2024 - get your tickets to Equity Mates Live – Ask An Advisor here.

Community Spotlight: Rohan’s Insights and an Update on His Investing Journey

HOSTS Alec Renehan & Bryce Leske|23 March, 2021

Rohan’s back! And he sits down with Alec and Bryce to talk about how his investing journey has progressed since he first opened his CommSec Pocket app all those months ago. He answers all the pressing questions: Is he still using CommSec pocket? Has he found any resources to be particularly helpful? Has it changed his mind about investing? Does he have any advice for people listening who haven’t started investing yet? Is there truth to the rumour he’s become an incredibly successful day trader?

If you want to let Alec or Bryce know what you think of an episode, contact them here

*****

Some of our favourite resources and offers to help you during your journey:

*****

Make sure you don’t miss anything Equity Mates related by signing up to our email list. And visit this page if you love everything Equity Mates and want to support our work.

*****

Get Started Investing is a product of Equity Mates Media. 

All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice. 

The hosts of Get Started Investing are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.

Before making any financial decisions you should read the Product Disclosure Statement and, if necessary, consult a licensed financial professional. 

Do not take financial advice from a podcast. 

For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you. 

In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and expend that respect to all Aboriginal and Torres Strait Islander people today. 

*****

Have you just started your investing journey? Head over to Get Started Investing – Equity Mates 12-part series with all the fundamentals you need to feel confident to start your investing journey.

Want more Equity Mates? Subscribe to our social media channels (@equitymates), Thought Starters * Get Started Investing mailing list and more, or check out our Youtube channel.

Get Started Investing is part of the Acast Creator Network. 

Bryce: [00:01:09] Welcome to get started investing in this podcast. We cover all the basics that you need to start your investing journey. We unpack all the jargon and the confusing bits here, your investing stories with the goal of making investing less intimidating. And as always, we love to have a good time along the way, especially in this episode. As always, I'm joined by my equity buddy Ren. How are you going? [00:01:31][21.1]

Alec: [00:01:31] I'm good. I'm good. I'm excited for this, as always. [00:01:34][3.1]

Bryce: [00:01:34] Excited. Yes. [00:01:35][0.4]

Alec: [00:01:36] People have been requesting this just for a while. He has been requesting [00:01:40][4.2]

Bryce: [00:01:41] this back by popular demand. It is not Warren Buffett. He started a bit [00:01:45][4.8]

Alec: [00:01:46] of a whisper campaign amongst the Equity Mates community. I think I heard unconfirmed, but I heard he was sliding into people's they [00:01:53][6.9]

Bryce: [00:01:53] have no comment on [00:01:54][1.4]

Alec: [00:01:54] Equity Mates posts asking for me to come [00:01:56][1.8]

Speaker 4: [00:01:56] back. [00:01:56][0.0]

Speaker 2: [00:01:58] Without further ado, we are excited to welcome back our good friend and Get Started Investing feed extraordinaire, Rohan. Welcome to the show. [00:02:06][7.7]

Rohan: [00:02:06] Thanks, guys. Good to be back. [00:02:07][1.0]

Bryce: [00:02:08] So if you have just joined Equity Mates and the Get Started podcast specifically and you haven't heard the three part series that we did with Roee, then we suggest you go back and have a listen to that. As we went from zero to hero, Witherow in essentially took him from not being in the markets to in the markets. And this episode is going to be an update on where you're at Roee. And I think, quote, You want to make dollar bills? [00:02:35][27.4]

[00:02:36] No, I'm changing it every time he's been pointing out cause that he's like, I'm a big investor. That's all. [00:02:43][7.3]

Bryce: [00:02:43] I'm so. Yeah, if you haven't listened to the series, go back and do so because we started investing in the markets with Comsec pocket from memory. And yeah, as I said, this is going to be an update on where you're at. And to be honest, it has been one of the the best series, I think that we've done in terms of reception from the audience. So bit of a minor celebrity over here. [00:03:05][22.1]

Rohan: [00:03:06] You don't have to bother me anymore. You felt you're calling him a minor celebrity. Now the odds are still [00:03:13][7.3]

Bryce: [00:03:14] twenty nine and single with. So if you [00:03:15][1.2]

Rohan: [00:03:16] do you want to slot into anybody that's a [00:03:21][5.2]

Alec: [00:03:22] bit look enough of us vaguely introducing you. Maybe for people who haven't heard the third part series. [00:03:28][6.5]

Rohan: [00:03:29] Tell us about yourself. OK, as you guys said, my name's Rohan, Roee. To some I have a job and about what, six months ago was it you guys are finally wore me down and got me on the show and, you know, convinced me to start investing. I think where we pretty much summed up last time for the reasons for not investing were laziness. Um, so without giving anything away, there are still elements of that that hold true. You know, still elements of truth. But you guys have really prompted me to invest. [00:04:10][40.2]

Bryce: [00:04:10] Nice. So a quick discussion, I guess, on what we Covid in the last three episodes, because it was six months ago and as we said, we went from zero to sort of zero. So I think what we really ended up on you investing in a couple of ETFs, right? What were that? Because I can't remember. [00:04:29][19.6]

Rohan: [00:04:30] Uh, look, I think [00:04:31][1.3]

Alec: [00:04:33] know well, I reckon it was a sustainability one and then a tech one from [00:04:38][5.2]

Rohan: [00:04:39] memory. Yeah. [00:04:39][0.4]

Speaker 5: [00:04:39] Because I remember and this is what I found going through many of them is the overlap. The overlap is pretty strong. Yeah. So I can't remember. But I do know what I'm invested in now. So I've got sustainability leaders, global one hundred and tech savvy. [00:04:57][17.5]

Alec: [00:04:57] So it's two out of three. [00:04:58][0.6]

Bryce: [00:04:59] Nice with those, the three that we landed on. Have you added more. [00:05:02][3.2]

Speaker 5: [00:05:03] Well we only did two last time so I think from memory and we've ended up with three now. Well I can't remember which two that I initially picked should I say, but I have been chopping and changing. [00:05:14][11.0]

Rohan: [00:05:14] And you guys. Yeah, Ren is not liking this. So you guys [00:05:19][4.6]

Rohan: [00:05:20] did, you know, say you guys did try get out of me what I had been doing and I was kind of playing cards close to my chest because I thought, you know, let's wait until we get on the episode to talk about it. Sure. So the on the one side, I haven't made that leap into individual stocks yet. Fine. And I feel like perhaps by the end of this we can look a little bit more into that, even though I think that's also what we said last time. But on the other hand, I have been kind of tinkering with the different Comsec pocket apps, perhaps not the best idea, judging by the expression, [00:05:55][35.8]

Alec: [00:05:56] I think what jumping ahead here, because I think for people who haven't heard the three part series, let's just start by covering what we Covid and then let's get into the discussion of your terrible decisions since then. [00:06:06][10.5]

Rohan: [00:06:07] Okay. Okay. So you you came [00:06:08][1.7]

Alec: [00:06:09] on having never invested before, as you said, laziness being a big part. What were some of the other barriers that you were facing? [00:06:15][6.6]

Rohan: [00:06:17] Not knowing where to start before, you know, we got into the whole Comsec pocket thing. I had a general idea of what ETFs were and obviously know what stocks are and stuff. But as to where to actually go to put my money in didn't I didn't know where to go initially. So that was a barrier. I guess that was one of the main ones. And not I couldn't really be bothered to find out more on how to do it. I also thought it would be more difficult than what it was. I've since found that it is super easy, [00:06:50][33.5]

Rohan: [00:06:52] super easy to the point of [00:06:53][1.8]

Rohan: [00:06:54] allowing lazy to the point where I have to a degree until probably a few weeks ago or a few months ago, actually, which is when I started the tinkering, I had applied a set and forget model because there's a feature in Comsec pocket where it says, do you want to make this a recurring sort of deposit situation? [00:07:14][19.8]

Alec: [00:07:15] So there are a few barriers. You realised it was easy. We did the do your own research, but we will climb the very first live investment on air. Never been done before and have been done since. [00:07:27][12.6]

Rohan: [00:07:28] Caveat. So you're not even sure you're right. [00:07:30][2.0]

Alec: [00:07:31] But what I hear is that we broke new ground with that. And then before we get into what you've done since, how was it received, [00:07:40][8.3]

Rohan: [00:07:41] how was what received [00:07:41][0.5]

Alec: [00:07:42] your three part series. [00:07:42][0.8]

Rohan: [00:07:43] I don't know. [00:07:44][0.4]

Rohan: [00:07:44] You told me it's your podcast. [00:07:46][2.0]

Bryce: [00:07:47] I think some feedback was that it was yeah. Received really well. And a lot of the questions that you were asking were questions that a lot of our audience had. So I think, you know, by the end of this episode, we could unpack more questions that hopefully resonate with our audience as well. So let's move to where your journey is at now, because I personally and no offence, left the three part series thinking that you'd put that whatever it was in twenty five grand or whatever. But I guess it wasn't. It wasn't. That's a stitch up whatever amount you put in and it kind of just leave it there. So has that been the case. [00:08:27][40.4]

Rohan: [00:08:28] I know. So you're not wrong for thinking that having known me for a very long time to follow through [00:08:35][6.6]

Rohan: [00:08:35] sometimes has been severely lacking sometimes. [00:08:39][3.7]

Rohan: [00:08:40] But no. So I after the three part series, kind of it wasn't really on my radar in the near aftermath. It wasn't. But as you know, there was some feedback being provided. I thought, oh yeah, I should probably go look at the thing. [00:08:56][15.8]

Rohan: [00:08:57] But all that was about. Yeah. Oh so you did, [00:08:59][2.5]

Bryce: [00:09:00] you did keep it in there. You just turned a blind eye to. [00:09:02][2.7]

Rohan: [00:09:02] Oh, I didn't. Do you think I just withdraw my money back. [00:09:05][2.6]

Rohan: [00:09:05] Maybe not. [00:09:06][0.3]

Alec: [00:09:06] It was like it wasn't out of the realm of possibility. [00:09:08][1.7]

Rohan: [00:09:08] No, no, no, no, no. I didn't [00:09:11][2.1]

Rohan: [00:09:11] do that. I just didn't, you know, look at it again and do anything for probably like a couple of weeks. Yeah. And then I started looking at it, and I think I there was a point where I I saw a little bit of positive performance. [00:09:25][14.3]

Rohan: [00:09:27] I said I love a bit of pride, but [00:09:30][3.6]

Rohan: [00:09:32] and that kind of spurred me to in sort of degenerate gambler sort of way like, yeah, let's check more in there to be great. And that's called well, the the positive performance that I saw in in the short term. But that didn't really hinder it because, you know, the immortal words of Bryce have leave it in there. It's the long run. You know, Mr. Buffett over here, maybe you say the same thing to your Ren. [00:09:55][23.7]

Alec: [00:09:56] I'm much more creative and original than Bryce. [00:09:58][2.5]

Rohan: [00:09:59] OK, so that kind of resonated with me. And I. I then thought about what was the whole point of, you know, doing it. And it was you better off doing this than just leaving it in the bank. Yeah. And so I thought, I've got I mean, you've got something to lose, but I don't have really much to lose by following through with this. So then I. [00:10:22][22.6]

Bryce: [00:10:23] Well, let's just unpack that for a second. So so I saw it going well thought opportunity to put some more in because it's looking great, put some more in. And by obviously the nature of the stock market, it doesn't always go up, fell a bit and then you somewhat second guess yourself, but thought about the bigger picture. Yep. One of the barriers you were facing the first time was. OK, was knowing how much to put in. How did you kind of think through that, [00:10:49][26.2]

Rohan: [00:10:50] as in how much to keep consistently putting in? Yeah, well, I know what I put aside from my salary in terms of like budgeting, what to spend and all of that. And I thought, well, if I'm putting this aside, I made a a probably an internal risk assessment as to if this all goes seriously pear shaped. Yeah, it's pretty unlikely to do. Yes. But, you know, if it does, then how much would I be like that kind of sucks, but whatever. And so I accordingly assumed a percentage of my normal savings, quarter of my budget to go into this and then did the set model. [00:11:27][37.2]

Bryce: [00:11:28] But I think that's good because at the end of the day, we always say put in what you're prepared to lose. And if you did an internal risk assessment, [00:11:34][6.5]

Rohan: [00:11:36] and that's the way forward by obviously standards, you know, just have a quick think about it. [00:11:43][7.5]

Bryce: [00:11:44] But so in percentages, what do you think you're investing of that savings chunk that would be going otherwise into the bank? [00:11:52][8.1]

Rohan: [00:11:52] Roughly off the savings chunk that would be going into the bank? I would say probably a third. [00:11:58][6.2]

Rohan: [00:12:00] Wow, 100 grand. That's not that's not automatic. [00:12:04][4.3]

Alec: [00:12:06] You've teased us with your bloody day trading strategy that you mentioned before, getting out of positions. OK, I can't wait any longer. I need to I need to ask. Yeah, well, so what did you do? You were putting this more money in. You were being sensible. You were like, how much can I afford to lose? Let's put it not that in the market. And then you tell us that you've been trading. [00:12:26][20.7]

Rohan: [00:12:27] OK, so I only on Comsec Pocket for a start. And I mean, it's a liberal interpretation of trading I suppose. But so I the mistake I made I think would be when I saw things going well, I got a little bit canel and then put more. That's why I'd say, you know, 30 percent roughly. And then when I saw things going less, less well, I scaled back to the point where I actually cancelled my recurring sort [00:13:01][33.8]

Alec: [00:13:01] of you didn't sell you just cancelled your account, [00:13:04][2.7]

Rohan: [00:13:04] cancelled and put in less. But then what I did was when I saw it going a little bit further south, I was like, you know what? [00:13:10][5.7]

Rohan: [00:13:10] I think I can beat this guy. And then then [00:13:15][4.6]

Rohan: [00:13:15] I did things like I didn't pull out of anything. I don't think I don't think I sold anything. But I put more into. No, that's that's what I did, actually, because I saw one particular one, which I can't remember at the moment, losing consistently more than the other two. And so because I don't think I held more than three ETFs or four, maybe [00:13:36][20.9]

Bryce: [00:13:36] I thought it was a tech exposed one at [00:13:38][1.8]

Rohan: [00:13:38] any given time. Good. And I saw that going south and I was like not took it out. And then I was like, oh, well, you know, health has got to go up with the coronavirus vaccine, like we've beaten this fellow. [00:13:50][11.4]

Rohan: [00:13:50] It's not very good. Very good. [00:13:51][1.5]

Rohan: [00:13:53] And so I put more into that. And that didn't really preform [00:13:56][3.1]

Rohan: [00:13:57] as [00:13:57][0.0]

Rohan: [00:13:58] as well as I thought it would. So there was a little bit of gaming going on gave of flying going on in that sense. [00:14:03][4.8]

Rohan: [00:14:04] What was the result? Yeah. Did you win the net result? No. [00:14:09][5.1]

Bryce: [00:14:10] OK, good. And if you said yes, because it goes against everything we know. [00:14:17][6.9]

Rohan: [00:14:18] So what do you want to know how much I'm down in terms of percentages? [00:14:21][3.1]

Bryce: [00:14:22] Well, I mean, you don't have to give us that. But I think the main message is that by trying to play the market, you inevitably came out worse off. [00:14:29][6.8]

Rohan: [00:14:29] Yeah, I think I think [00:14:30][1.0]

Alec: [00:14:30] not only did you come out worse off, but [00:14:32][2.2]

Rohan: [00:14:33] you [00:14:33][0.0]

Alec: [00:14:34] when they go down, like, that's the opportunity to buy because things are cheap. And that's when you yelled. Yeah, yeah. You really played yourself. [00:14:41][6.9]

Rohan: [00:14:41] Yeah, I did. [00:14:42][0.4]

Rohan: [00:14:42] I played. So have you did you [00:14:44][1.8]

Bryce: [00:14:44] take any kind of a lesson from that. [00:14:46][1.4]

Rohan: [00:14:47] Yeah. So I think that well one of the lessons I'm aside from what Ren is just sort of buy when it's down by the dip, all those [00:14:53][6.0]

Rohan: [00:14:53] one is [00:14:56][2.7]

Rohan: [00:14:57] just I should have stuck more to the set it and forget it model. And I could be wrong. But maybe this is a particularly true of investing in ETFs as a long term play. I mean, if you're some genius Deep Dive trader, maybe you can play that game with individual stocks. But with ETFs, the impression I'm getting is put it in there and kind of just leave it for the long run. [00:15:20][23.0]

Rohan: [00:15:20] Take away. Yeah. [00:15:21][0.8]

Alec: [00:15:21] So we we touched on the concept of dollar cost averaging in the three part series back. [00:15:27][5.3]

Rohan: [00:15:27] It's a long time ago. Yeah, it was a long time. [00:15:29][1.8]

Rohan: [00:15:29] No, you did. You did. [00:15:30][0.7]

Rohan: [00:15:31] And you obviously didn't think. [00:15:32][1.5]

Rohan: [00:15:33] Well I can't remember the intricacies of the theory, but I get the general just. [00:15:38][4.4]

Alec: [00:15:38] Yeah. So like if ETF is trading at twenty bucks then you're putting thirty dollars in that way. You can. You can. I one and a half units of the ATF is 20, and then you get a half. [00:15:49][11.1]

Rohan: [00:15:50] Yeah, I get it. So then if it falls, it [00:15:53][3.3]

Alec: [00:15:53] falls to 15 here, too. And so, like, if you dollar cost averaging, consistent dollar amounts, you can you can buy more when the price is low. So that's that's the beauty of dollar cost averaging that automatically buys it. [00:16:08][14.8]

Rohan: [00:16:08] OK. [00:16:08][0.0]

Bryce: [00:16:09] And so have you consciously adjusted your strategy since that time? [00:16:14][5.0]

Rohan: [00:16:16] So that was probably I stopped fiddling around with it a few weeks ago. Yeah. Where, you know, initially I didn't look at it at all and then I kind of went the other way. [00:16:25][8.9]

Rohan: [00:16:25] It's a little bit too much. [00:16:27][1.5]

Rohan: [00:16:28] And now we've reverted back to let's just leave the auto deposit situation. [00:16:32][4.1]

Bryce: [00:16:33] And and so you auto depositing the same amount into all three ETFs. Yep. Nice. Yeah, that's perfect. Every paycheque. Yeah, great. So I mean, we could touch on resources, but it feels like you haven't really gone deep on trying to understand about more ETFs or individual stocks or have you or like [00:16:55][21.7]

Alec: [00:16:55] in your in your more active phase where you were checking it with any other resources, you were checking a lot. [00:17:00][4.9]

Rohan: [00:17:00] No, not in terms of specifically. [00:17:01][1.1]

Bryce: [00:17:02] Well, of an internal audit review. [00:17:05][2.5]

Rohan: [00:17:06] No, there was no insider trading going on. I wasn't looking at other ways to invest other like platforms, so to speak. But what I was doing is taking more of an interest in the things that the the companies and industries that I was invested in. [00:17:26][20.6]

Bryce: [00:17:27] So and so when this when the ETF, for example, I'm assuming the one that was falling more than the others would have been the one that had more exposure to the tech companies. Because if this was within the last month or so that you're talking about, the tech did have a bit of a sell off. Did you try and figure out why that was performing worse than health care, or would you just make some sort of. [00:17:48][20.3]

Rohan: [00:17:49] I tried, but I didn't do a very good job, like, you know, because you can if you already know the conclusion, then you can try to sort of lead yourself down to a justification of why that is. But in reality, I don't think I was able to identify the specifics of why it was happening [00:18:08][19.5]

Alec: [00:18:09] for us unless you were getting into in bond yields, rising bond yields haven't had the [00:18:16][6.1]

Rohan: [00:18:16] time to look into that. [00:18:18][2.1]

Bryce: [00:18:18] So then I think it's I think it's great that you have continued, because I honestly, as I said, thought that this would just be like a three pointer. And, yeah, I'm I'm really it's [00:18:30][11.4]

Rohan: [00:18:30] good because I think I [00:18:31][1.0]

Alec: [00:18:32] Equity Mates community with at least 50 percent of the budget. [00:18:34][2.5]

Rohan: [00:18:36] So good faith you. Yeah. Yeah. That's all it takes. That's what it takes us all the time. I was actually surprised [00:18:43][7.1]

Rohan: [00:18:44] because I thought I was going to get in here and you guys were going to be [00:18:46][2.3]

Rohan: [00:18:47] a little bit disappointed and maybe you are that I haven't [00:18:49][2.0]

Rohan: [00:18:49] branched out. [00:18:50][0.6]

Rohan: [00:18:50] Oh no, no, no, no. I say this like the bar was so large. Well, not [00:18:54][3.5]

Bryce: [00:18:54] I think the message here is that you don't need to branch out like so many people do what you do. And I fall in that trap of of trying to play the market within the first six months of your investing journey and you think you can beat it and you inevitably lose money. And I think the message really is there is absolutely nothing wrong with doing exactly what you're doing. There is nothing wrong with choosing a few weights and just letting it run. [00:19:22][27.5]

Alec: [00:19:22] Like the idea of branching out in itself is wrong. Like it's not like you're a better investor because you move to a full service broker where you can buy individual stocks like you're getting exposure to the same companies buying through Comsec pocket. Like you just need exposure to the market. Yeah, there's no there's no bloody like rankings or it's like I've got full service brokers. I'm a better investor than you. [00:19:46][23.9]

Rohan: [00:19:47] That's what you say all the time. You walk around the house collecting data. [00:19:51][4.2]

Bryce: [00:19:52] I think the next stage is really thinking about can you increase the amount that you're putting in or, you know, those sorts of things around? How can you amplify what you're doing at the moment? So I don't think there's anything wrong with at all with what you're with your current set up. I mean, by all means, if you're feeling confident or feeling like you want to explore investing in single stocks, then absolutely nothing wrong with that as well. But the way we talk about it is, you know, maintain what you're doing and have that is 90 percent of your core investing strategy and then take 10 percent of what's going in and have a play in Apple or if whatever. If you think [00:20:28][35.8]

Alec: [00:20:28] that the big caveat being like if you have the time and the inclination to do that and you've already told us your lies and you tell me [00:20:34][6.5]

Rohan: [00:20:35] like [00:20:35][0.0]

Alec: [00:20:37] this every day how busy you [00:20:38][1.5]

Rohan: [00:20:39] are at what is giving, should I let you have this [00:20:43][4.0]

Alec: [00:20:43] if you don't have. The time or the inclination, you don't have to do that, but like that, know if you do that. [00:20:49][5.8]

Rohan: [00:20:49] Yeah, and I look Ren is one day when you're successful, you'll [00:20:52][2.4]

Rohan: [00:20:52] realise you'll realise that you make times [00:20:55][3.0]

Rohan: [00:20:56] OK. But no, to Bryce point, I was that's basically what my plan is now. So I was giving you that percentage of 25 to 30 percent scaled back on slightly on what goes into the eighth and then leave, leave the the difference to start tinkering [00:21:15][18.8]

Bryce: [00:21:53] So I just want to pick up on something you spoke about there, which was scaling back on what you're putting into ETFs to then divert some to other stocks. Personally, my approach would be to continue with the amount you have going into ETFs and add a little more if you wanted to start playing around in stocks. [00:22:52][59.3]

Rohan: [00:22:53] Yeah, look, I'm open to it. I mean, I didn't know where the because we haven't talked about it, whether 25 to 30 percent. [00:23:00][6.9]

Rohan: [00:23:00] Well, sort of. Let's take a step back shot. [00:23:02][1.8]

Alec: [00:23:03] Let's take a step back and talk about money habits. And I guess the first thing is. So you're saving 70 percent of that money that you were saving before. Still, do you have a particular savings goal that you're saving towards or is it just like saving for [00:23:17][14.7]

Rohan: [00:23:17] saving some [00:23:18][0.4]

Bryce: [00:23:18] BMW M3? [00:23:19][0.5]

Rohan: [00:23:22] No, I think we touched on this in the past. It just, you know, I don't spend it. It's pretty much as simple as [00:23:28][5.8]

Alec: [00:23:28] very, very low effort lifestyle. [00:23:29][1.6]

Rohan: [00:23:30] Yeah. You know, in the long term, of course, to buy a house and all of that. But I don't have a particular figure that I'm going for. I need a 20 percent deposit for this value and so on and so forth. [00:23:40][10.2]

Alec: [00:23:40] And so what we talk about and like what a lot of the personal finance gurus, I guess, want of a better term to talk about is having three months of expenses set aside as an emergency fund and having that in cash. And then if you're saving for a particular thing, house deposit, new BMW, whatever it is, then BMW shotgunning. [00:24:01][20.4]

Rohan: [00:24:03] So you decided [00:24:04][0.6]

Alec: [00:24:06] then like you save towards that, but. You know, just having more cash in the bank for no particular reason, it's sort of like, well, you're playing yourself on the low interest rate. [00:24:17][10.8]

Bryce: [00:24:18] No interest. So interested to know if there were any sort of preconceived notions that you had about investing that have somewhat changed since. Since starting in to where you are now? [00:24:31][12.7]

Rohan: [00:24:32] Um, well, for a start, as I already touched on, I thought it'd be more difficult to get into the market. I think at least for ETFs Comsec pocket. Probably the easiest way to do it, perhaps in the next step could be a little bit more challenging. But that was one of the difficulties. Not as are as high as I'd expected. Another one would be with my very rudimentary day trading, as Ren is called it. I wouldn't call it that. I thought that it wouldn't be as difficult as it was to. And this is going to sound so dumb to time your purchases, you and yourself. [00:25:08][36.0]

Bryce: [00:25:09] Yeah, and I can completely understand that. And I think as we've touched on, a lot of people feel like that. But and there's no point sort of really recovered recovering the ground. But you don't have to do that, just as you've already pointed out. Let it kind of take away. And inevitably, you've probably seen that what you saw when your stocks went down. It's probably subsequently recovered and you might be back in the green. [00:25:32][23.1]

Rohan: [00:25:32] Yeah, well, beginner investor, you know. Yeah, exactly. [00:25:35][2.3]

Alec: [00:25:36] Don't get me wrong, you can definitely try and beat the market, but you're going to need to spend a lot more time, let's say. [00:25:41][5.1]

Bryce: [00:25:43] So, of course, you are somewhat, what, six months into your journey? Not not not a huge amount of time. But we always like to get a piece of advice from anyone who has well, [00:25:54][11.2]

Rohan: [00:25:55] Bryce not advice to [00:25:56][1.5]

Alec: [00:25:56] hold you a hero twice in this interview. So do you want to give some advice for anyone who hasn't got started from a Bryce Leskie described here? [00:26:06][9.7]

Rohan: [00:26:06] OK. [00:26:06][0.0]

Rohan: [00:26:07] OK, I would say I guess the number one thing is just to have a go because I, I wouldn't say lazy [00:26:17][9.6]

Rohan: [00:26:17] again is what I'm hearing. [00:26:20][2.3]

Rohan: [00:26:22] But look, if, if, if it's not something I'm interested in, I don't really have much time for it. And this wasn't really something that, as we discussed, I had been interested in. But since, you know, taking more of an interest, I have now become a lot more interested in it. And I guess if I can do it, anyone can. [00:26:45][23.3]

Rohan: [00:26:46] What the title of the episode and dive into the market head first. [00:26:50][4.1]

Alec: [00:26:51] So it's interesting you say not not the last thing you said, but how you got more interested when you started. And that's something that we try and talk about on the podcast. Definitely true for my investing journey. But once you got skin in the game, once you got money in the market, you're a lot more willing to learn, I think is. [00:27:06][15.0]

Rohan: [00:27:06] And I am a lot more willing to learn. Yeah. And interestingly, not just try to, you know, plug you guys, but your Equity Mates discussion page on Facebook. Yeah. The more I visited, obviously, Zuckerberg knows his algorithms in and out pops my news [00:27:23][16.8]

Rohan: [00:27:24] with could now [00:27:24][0.4]

Rohan: [00:27:25] probably too much, but that has kind of kept me in the loop and kept it at the forefront of my mind as well. So I read people talk about stuff and I'm like, oh [00:27:34][9.8]

Rohan: [00:27:35] yes, Afterpay cool. [00:27:36][1.4]

Rohan: [00:27:37] Yeah. And then I start having a think in my head about how how the market is going and then how maybe and I haven't made this leap yet how maybe I could jump in on that action. Yeah. As well as knowing that there are other people out there who are my age who also, you know, invest in stuff because the what the non investors perception of an investor is some Scrooge McDuck old [00:28:02][25.1]

Rohan: [00:28:02] guy fit in the Yahoo Finance spreadsheet will dig caged egg. That's changed. That has changed dramatically. Let's not cancel Equity Mates [00:28:22][19.4]

Alec: [00:28:23] shout out to the Equity Mates discussion group keeps growing [00:28:26][2.3]

Rohan: [00:28:26] gathering. Right. [00:28:27][0.4]

Alec: [00:28:28] So maybe maybe this is too much to ask, but maybe we should get a Rally Appreciation Day. [00:28:33][5.4]

Rohan: [00:28:34] Well, actually, I've been a long time. Look, a first time post [00:28:36][2.7]

Rohan: [00:28:37] won't say what I posted, but it was a well received. [00:28:39][1.9]

Alec: [00:28:41] Well, you posted on the online paper. [00:28:44][3.0]

Rohan: [00:28:45] All right. [00:28:45][0.5]

Bryce: [00:28:47] All right. So it's kind of just close it, add it all out. You know, we've spoken about the fact that you're obviously going to continue taking away with the ETFs. How do you kind of see the next stage from here? Is it just to continue doing that? You did mention at the start of the show, you kind of like to discuss the individual stock stuff. I don't know if we've convinced you out of that or not. To try and do that, but where are you kind of seeing the next [00:29:13][26.1]

Rohan: [00:29:14] stage, OK, and I guess that's where I need your help with this is I want to invest in individual stocks. Where do I start? Because when I said I want to invest, you pointed me in this direction. Actually, I didn't say I want to invest. You guys just handed [00:29:30][16.4]

Rohan: [00:29:30] me and said this would be the easiest [00:29:32][1.9]

Rohan: [00:29:33] way for you to invest. But now I'm saying I do want to invest in individual stocks. [00:29:37][3.8]

Rohan: [00:29:38] Let's let's start [00:29:39][0.8]

Alec: [00:29:39] with a few questions. Do you want to invest in Australian stocks or overseas stocks? [00:29:44][5.2]

Rohan: [00:29:45] Probably a little bit of both. Interestingly, on that note, I wasn't interested in then, and I'm still not that interested in the ASX top 200 factor [00:29:56][10.4]

Alec: [00:29:57] in the Commonwealth Bank and Afterpay. [00:29:59][1.8]

Rohan: [00:30:00] No, it's not that I obviously don't like Commonwealth because I'm using Commonwealth PLC. [00:30:05][5.5]

Rohan: [00:30:06] Yes, but you despite yourself, you've got me there. But no, I, I [00:30:12][6.4]

Rohan: [00:30:14] probably have so much media exposure is more towards international markets in the United States. So that I think would be where more I'm leaning to the media that I consume is probably more US centric rather than reading the IFR. Well, nothing against the IFR, you know, great publication. Open to sponsorship. [00:30:33][19.6]

Rohan: [00:30:34] Yes. Yes. [00:30:35][0.8]

Alec: [00:30:36] We should get really a personal sponsor [00:30:37][1.4]

Rohan: [00:30:38] and take a commission. Of course. [00:30:40][1.2]

Bryce: [00:30:42] Good. Good to know. Because obviously what broker you choose will obviously be important when it comes to investing internationally or domestically. There aren't a whole heap of brokers that offer both, but some that do. And this is obviously not sponsored and you need to go away and figure it out. But there is self worth. They now offer us and Australian iji offer us and Australian and there are a couple of others interactive brokers. I wouldn't kind of suggest that, but [00:31:12][29.9]

Alec: [00:31:13] yeah, so but like stake is just us. So if you want only us but not Australia. Same both on [00:31:20][6.9]

Bryce: [00:31:20] the same scale. Both as [00:31:21][1.2]

Alec: [00:31:21] well. Then like the big four banks offer international markets but they're more expensive, much more expensive. No hate on CommSec as we said. You know, I [00:31:29][7.5]

Rohan: [00:31:29] knew there would be more expensive. You know, you just [00:31:31][1.6]

Rohan: [00:31:31] have the odd. [00:31:31][0.3]

Bryce: [00:31:32] Yeah. The other thing to I think think about is that it's an incredibly dynamic market at the moment when it comes to brokers. And they are all kind of competing for the same people, which is you and I and Ren who want to be obviously investing both here and overseas. So signing up to one. Now, that is just us. If that's the route you wanted to go down, doesn't mean you're locked into that broker at all. And if something else comes out in the next 12 months or whatever it may be, changing brokers is [00:32:04][32.0]

Rohan: [00:32:04] switch the styles of super easy. [00:32:06][1.3]

Alec: [00:32:06] Yeah, no locking contracts, no switching phase. [00:32:08][2.5]

Bryce: [00:32:09] And you can you can transfer your stocks just to [00:32:12][2.6]

Rohan: [00:32:12] the other [00:32:12][0.1]

Alec: [00:32:12] side. Bryce something to apply. [00:32:13][1.0]

Rohan: [00:32:14] The I've got a long time ago go. Must be not a [00:32:21][7.0]

Alec: [00:32:21] reminder of relisten. [00:32:22][0.6]

Bryce: [00:32:23] So that would be the first. Yeah. So those those that we throw out there go and check out. I think for us it's all about fees. Yeah. You want to be paying the lowest [00:32:32][8.9]

Rohan: [00:32:33] possible self-willed Instagram. Oh know. And what was the other one mistake. So almost like I remember the for the US markets. Yeah. So actually this brings me then to another question. There's plenty of routes I want to go down. But, you know, I'm trying to draw from your own experiences as a beginner investor. Would you suggest I start Australian or start us or. Doesn't really matter. [00:33:00][27.0]

Bryce: [00:33:01] It doesn't [00:33:01][0.2]

Rohan: [00:33:01] matter. [00:33:01][0.0]

Alec: [00:33:02] Like back in the day you would say we have so much more information about Australian companies. We live and breathe them every day. And so it's just a safer bet in terms of knowing what you're investing in to invest in Australia. But that just isn't true anymore. Like our media consumption is international, like we know as much about what's going on in international companies as we do about Australian companies. And you've made that clear. We can we use foreign companies more than we do. Australian companies like Apple Laptop in front of US road microphones shout out to a very good Australian company, but not publicly listed, but like, you know, all around us, international stuff. So it's like there's really no difference. And in some ways, we actually know more about U.S. companies because they're the ones we use the most. [00:33:50][48.2]

Bryce: [00:33:51] And I think if anything, you've indicated that you're more likely to be engaged with companies overseas than here in Australia anyway. So you've probably answered your own question around where would be the best place to start. You work as [00:34:05][14.0]

Alec: [00:34:05] your European listed company, so maybe it's not. [00:34:07][2.4]

Rohan: [00:34:08] Let's not get into this. Because you're unlikely to take place, no, it's unlikely to be around, right? [00:34:15][7.1]

Bryce: [00:34:17] You're unlikely to follow news updates on Rio Tinto and Fortescue compared to, you know, Apple and Facebook, for example. You know, so in that sense, it's probably a better opportunity to look overseas. [00:34:30][13.3]

Rohan: [00:34:31] OK, yeah. [00:34:31][0.5]

Alec: [00:34:32] So then the once you've decided where you want to invest and you know, who are you going to sign up with, then the question is really what do you do next? I guess and really there's a number of different ways you can start looking for the right investments. You can you can do like a screen and you can look for like strong financials, strong balance sheet, stuff like that. That's I'm just assuming maybe I'm wrong, but that probably doesn't float your boat. [00:34:57][24.8]

Rohan: [00:35:00] It doesn't take the silence is an answer. So there's probably [00:35:04][3.6]

Alec: [00:35:05] two ways that I would suggest going about and finding a stop. The the second would be think about what you use, what you know, companies you interact with at work and your personal life, stuff like that. Obviously at work, no insider trading, important role. [00:35:19][14.4]

Rohan: [00:35:20] But I mean, how tight are they? [00:35:22][1.8]

Alec: [00:35:22] Not very tight. [00:35:24][2.0]

Rohan: [00:35:25] Let's try to run the gauntlet. No, no, no, no. And she'll be your job forever. So let's make it very, very clear. No insider. [00:35:38][13.2]

Rohan: [00:35:39] No, it's not that I'd ever even consider it or be susceptible to it if anyone from work is listening. [00:35:43][4.8]

Rohan: [00:35:44] Very important. [00:35:45][0.5]

Alec: [00:35:46] So the second option is thinking about what you know, it's like Peter Lynch, who was this famous US investor, really talked about this sort of investing. There's so much information around you. And that can be a really good starting point to think about. You know, what companies you are engaging with or like when you're talking to your mates. Well, the things that they want to buy, one of the things that they're really excited about and what companies make them or provide those services and then that can be a starting point. So that's the second one. Third one is follow the experts. There's so much free information from the best investors in the world, sharing what they're investing in, why they're investing it in it. And so if you just start consuming that information, you get a really exciting watch list very quickly. [00:36:30][43.8]

Rohan: [00:36:30] OK, this next question may well be cut, but I'd [00:36:35][4.2]

Rohan: [00:36:35] ask this last time and [00:36:36][1.3]

Rohan: [00:36:36] I didn't get an answer. And I'm going to ask it again on that. Follow the experts. It has a feature of follow the top traders. What's the deal with that? Not saying I'm going to do it, but just what's the deal? [00:36:48][11.3]

Bryce: [00:36:48] The deal is that they incentivise the most successful traders within the community to allow people to follow their portfolios. And then you can also turn on a function where you can mirror their portfolio and it's deferring [00:37:07][18.7]

Rohan: [00:37:08] to [00:37:08][0.0]

Rohan: [00:37:08] you if [00:37:08][0.4]

Bryce: [00:37:08] they make trades subsequently. And I don't know the mechanics of it. I don't know if it automatically makes trades for you or it alerts you that these guys are making trades, but you can essentially mirror the moves that they're making. My sort of caveat to that is that it is set up and sort of plugged as a as a trader mentality. So they're going more often than not in and out of positions a lot quicker than if you were to say I'm buying Apple for the long term and I'm here to stay. Yeah. [00:37:37][28.7]

Alec: [00:37:37] So, yeah. But even beyond that, like it's your money. Yeah. You have to be ultimately responsible for it. This idea of just like outsourcing it to some person who's doing well on an app that you share, like I hate that I hate the whole social features on some of the other brokers as well. It's like it if it's for ideas, great. But like don't just blindly follow someone else. [00:38:01][23.2]

Rohan: [00:38:01] Doesn't that in a way. Sort of. And I could be completely wrong here. But isn't it you know, in a sense, sort of what you're doing with ETFs is you're outsourcing the investing to someone else, but you're [00:38:11][9.9]

Alec: [00:38:11] not you're not actively making decisions about [00:38:13][1.9]

Bryce: [00:38:13] what to invest, [00:38:14][0.7]

Alec: [00:38:15] when to sell, stuff like that. You're what you're doing with ETFs. I mean, the traditional ETF, it's more [00:38:20][5.2]

Rohan: [00:38:20] of a basket. [00:38:20][0.2]

Bryce: [00:38:21] Yeah, yeah, yeah. And they're not trading in and out. And you have to make the decision. Do I try to do that as well. [00:38:25][4.1]

Alec: [00:38:26] And so like the best analogy would be, you know, if you give your money to a professional fund manager and you buy into their managed fund, yeah, sure. You outsourcing the responsibility. But like they're a professional, they've got teams of analysts, like you can check on the performance. [00:38:41][15.4]

Rohan: [00:38:43] Nice. [00:38:43][0.0]

Alec: [00:38:44] And like, it's a bit it's a bit of a different situation to finding a pseudonym on it or that you like the vibe of and you want to follow them. So, yeah, you're right, there are ways you can outsource it, but it's just about managing your risk because like they say, Tauro Trader isn't going to be responsible if you lose money. [00:39:00][16.0]

Bryce: [00:39:00] And is that really even doing what you wanted to do, which was explore investing in individual stocks? [00:39:05][4.5]

Rohan: [00:39:05] No, no, no, no, no. That's yeah. [00:39:06][1.2]

Rohan: [00:39:07] I don't want to do this at all. I've just been curious because, you know, Alec Baldwin makes a very [00:39:13][6.1]

Rohan: [00:39:14] compelling case for in those Instagram ads. Yes. Yes. Doing the laundry. Yes. Don't get me wrong, [00:39:20][6.4]

Bryce: [00:39:21] it's a good yeah. It's it's a good sort of business model for them, I guess, to attract people in it, just make [00:39:26][5.7]

Rohan: [00:39:26] it feel oversimplistic because I was like, there's got to be a catch. Yeah, well, [00:39:30][3.9]

Alec: [00:39:31] I mean, look, there's there's a couple of schools of thought in, like investing in general and Bryce and I very strongly come down on the idea that anyone can understand it. It is accessible and people should take control of their own investing outcomes. There are businesses like A and I mean not all a Tory, but this particular feature, Inotera and a bunch of other businesses out there, you know, all those like spambot trading systems you get on Facebook and it's. You know, stuff like that, who are very much playing to the other end of what we try and talk about, which is we'll just take it off your hands, don't think about it, will make your money. And I hate that song. [00:40:08][37.3]

Bryce: [00:40:08] You might as well just stick to that. [00:40:09][0.9]

Rohan: [00:40:10] Yeah. Like, yeah, [00:40:10][0.5]

Alec: [00:40:11] it's your money, like you got to be responsible for. [00:40:13][2.0]

Rohan: [00:40:13] I guess they're trying to capture the the social media market with the I [00:40:18][4.5]

Rohan: [00:40:18] wouldn't say lazy, but [00:40:19][1.1]

Rohan: [00:40:19] the less active investor and try to sort of, you know, leverage that into getting people's money. And then, yeah, [00:40:26][6.9]

Alec: [00:40:27] it's like it's a by-product of the fact that investing more like markets are incredibly confusing and like where there's something that's so confusing, like people who prey on that will prosper and people who will say, will we not will will demystify, but we'll just take control. Yeah. [00:40:42][14.6]

Bryce: [00:40:42] You're not going to learn anything. [00:40:43][0.7]

Alec: [00:40:43] Do it at the end of the day, like what you found when you invested in ETFs, that it was a lot easier to do and a lot easier to understand than you first thought. It's the same when you start talking about individual companies as well. But it's just you have to break through that. Yeah. [00:40:57][13.9]

Rohan: [00:40:58] So I guess going back to where we sort of started this discussion of what's the next step? And I said, you know, individual stocks and you said, OK, fine brokerages that would be conducive to what you're trying to do. So I would find a brokerage. But back to the kind of dumb questions that I had or the beginner's questions that I had with what pocket comes back pocket when you go in, I'm presuming that you don't it's not like a sports buddy. Can't we just put in a bunch of cash and it is [00:41:27][29.4]

Rohan: [00:41:28] exactly like a sports betting. [00:41:29][1.1]

Rohan: [00:41:30] But what I mean is, do you put in a deposit and then choose from that deposit? Yes. From that holding into where you want it to go, or do you [00:41:37][7.1]

Alec: [00:41:37] just you put it in its cash, like in your holding account? Exactly. Like a sports betting account. Bryce can tell you all about it, but not sure. And then use it in cash. And like let's say for argument's sake, you have two grand in cash and then you want to put forth you decide you want five hundred dollars into Apple. It's literally like online shopping. You search Apple, you say buy 500. So what price you want it out or you just say you'll take whatever the market price. [00:42:02][25.3]

Bryce: [00:42:02] So let's assume you do steak, you'll transfer it in, they'll convert it to USD. Don't take a clip on that, obviously. [00:42:09][7.1]

Rohan: [00:42:11] Fair enough. Nothing's for [00:42:12][0.8]

Rohan: [00:42:12] free. Yes. [00:42:12][0.3]

Bryce: [00:42:13] Once it's in converted [00:42:14][0.8]

Alec: [00:42:15] enough for Equity Mates investing. [00:42:15][1.0]

Rohan: [00:42:16] But now once it's once [00:42:18][2.4]

Bryce: [00:42:19] it's in and it'll sit in there and you can sit it in there for as long as you like until you feel comfortable to make a purchase. Good thing about steak as well is that you can buy fractional shares. So, for example, Berkshire Hathaway at the moment is trading at three hundred and twelve thousand dollars. US, us. But you can probably buy two of them. [00:42:38][19.7]

Rohan: [00:42:39] I'm not going to buy two shares at three hundred. [00:42:40][1.6]

Rohan: [00:42:42] Are you talking about kidding? [00:42:43][1.0]

Bryce: [00:42:44] But what it means is you could say that you want to still get exposure and they allow fractional investing so you could buy fifty dollars worth of Berkshire, you could buy one hundred dollars worth of Apple, one hundred dollars worth of Amazon, still get the same percentage returns or declines that the stock will, but it'll just be applicable to your your amount that you put in. And honestly, that is what I would encourage. And we sort of said on the show as well, dip the toe in the water and start small. Don't go large five grand or ten grand or whatever on one stock, and then just close your eyes because you want to understand how the stock moves and what what moves it, what's going on. [00:43:23][38.5]

Rohan: [00:43:24] So, yeah, I've got a few [00:43:25][1.2]

Rohan: [00:43:26] key takeaways from what we've discussed so far. I've Ren as I hope you're taking notes. Well, one is know what you're investing in and follow it. Number two is after I've selected a brokerage, make a choice between, well, select a brokerage that facilitates investment in either the U.S. or the Australian or any other markets. [00:43:51][24.7]

Bryce: [00:43:52] I consider phase considered phase. Of course, also know that you're not locked in short. [00:43:56][3.9]

Rohan: [00:43:56] Sure. This really could have been a second sponsored segment. You know, you missed opportunity. But I am thinking, you know, like, why not both? So I might do a little bit in Australian and a little bit in the US. Sure. And go down that route. So that being said, what you're do you have any advice for me? Anything I should be wary of, any mistakes that common investors make, anything I should look out for to in short, to do one, obviously, I think you've already said is watch what you're doing, because I think the set and forget model for some stocks isn't really applicable. [00:44:37][40.4]

Alec: [00:44:38] Yeah. When you're talking about individual stocks, the set and forget model always need some nuances because the set and forget model really came about because the market over the long term just continued grinding upwards. But in that time, individual stock [00:44:52][14.4]

Rohan: [00:44:53] company might not necessarily do [00:44:54][1.3]

Alec: [00:44:54] that like every generation through history. There's a basket of stocks that kill it for a while and everyone's like, we can hold these forever, we don't think about it, and then inevitably they fall off. So like there was a nifty 50 back in the days, it was like 50 stocks that wouldn't fail eventually. A lot of them failed. These days, like big tech is just killing Amazon, Apple, Microsoft, all of that. But inevitably, you know, at some point their growth will slow or they'll be overvalued and they'll have a period of underperformance. So performance. So, yeah, like when you're talking about individual stocks, you can't just buy and close your eyes. You can buy and hold for a very long time, but you just got to make sure that they're still good. [00:45:37][42.4]

Bryce: [00:45:37] Yeah, the caveat to that is. To not play the game in the short term with what you buy. Yeah, like don't [00:45:45][8.1]

Rohan: [00:45:46] speak middle ground. Yes, huge middle ground. Well, I guess it's that whole [00:45:49][3.2]

Rohan: [00:45:49] learning experience of where is that middle ground [00:45:51][2.0]

Bryce: [00:45:52] exactly. And you and you are inevitably going to make mistakes and lose money. I happen to me, it's happened to Ren. And and I think the main thing is to recognise that you will. But as you pointed out, figure out what you're prepared to lose and make calls on that. But individual stocks brings a whole new world of feeling emotionally connected, and it's going to go up 10 percent and then it might drop six percent and then another six percent the next day. And you just need to figure out what type of investor you are when it comes to doing this sort of stuff. You might invest in individual stocks and just try and play the game too often and think honestly that it's just not for me. I'm just going to put my money in ETFs. Perfect. You might be a seven day trader by the end of the year and figure out that [00:46:35][42.8]

Rohan: [00:46:35] you should have not. Yeah. [00:46:36][1.4]

Bryce: [00:46:37] So I think until you're as you pointed out, until you're in it, you don't really know. And same applies to individual stocks. [00:46:44][6.8]

Rohan: [00:46:44] So, yeah. [00:46:45][0.5]

Alec: [00:46:45] So two things that we haven't touched on when you're thinking about investing in individual stocks, but I think they're important. So we spoke about where do you want to invest? And we spoke about how do you start finding stocks to other important things. First of all, what's your goal in terms of investing? You know, like when we're talking about investing in ETFs, it was, you know, long term, like, I guess getting money for retirement, maybe trying to retire a little bit earlier than you would if you were just taking your salary. And if that if that's still your goal, great. But if you have different goals, it'll change the way you invest. So that's one thing to think about because that'll will change and that leads onto the leads that will change how you invest. And that leads onto the second thing, which is your investment philosophy. So we've spoken about day trading a little bit. We've spoken about sort of buy and hold. There are other philosophies like value investing and, you know, stuff like that. Whatever philosophy sounds right to you and again, you can change your mind as you learn more and stuff like that, but that will change what companies are worth investing in, in your mind, like if you're a day trader and you're looking at charts, a company may be a great investment. But for me, as someone who's looking for like long term compounders, it's terrible investment. And so I think knowing what how you want to invest before you start investing is important or at least thinking about that. So your goals and your investment philosophy, thinking about that up front, rather than just sort of spraying and praying and hoping that you make a bit of money is OK. [00:48:19][93.9]

Rohan: [00:48:20] So in terms of investment goals, my short term goal is familiarising myself with the market, because I think after I've done that, I can have a somewhat credible investment philosophy. If I was to say if I was to try and give you an investment philosophy right now, I would be talking out of my backside basically. Well, a lot of this has been that anyway. But yeah, I don't think that I could give you an investment philosophy right now in terms of investment goal. Our first priority is to. Yeah, get a feel for the market, understand how things work and sort of figure out where to go from there in the longer term. Yeah, I suppose at some solidify my long term financial security. Yeah. And, uh, find another, uh, financial stream that will lead towards that. Yeah. Rather than just my less than ideal interest rate in the bank. Yeah. So that that kind of is where I'm going for in terms of investment goals, investment philosophy. Get back to [00:49:25][65.3]

Rohan: [00:49:25] me. Yeah, well [00:49:25][0.3]

Alec: [00:49:26] that's a discussion that probably we're not going to have time to talk about on this episode, but maybe we can talk about it offline over a beer at some point. [00:49:32][6.2]

Bryce: [00:49:32] Well, I was just going to say, it feels like the perfect cliff-hanger to leave the conversation that I think we've covered a lot of ground and I think there's going to be no doubt that we will have you back on in a few more months to a [00:49:44][12.3]

Rohan: [00:49:45] recurring guest star, hopefully with [00:49:48][3.5]

Alec: [00:49:48] a personalised sponsor [00:49:49][0.7]

Rohan: [00:49:50] of the. If you guys pay for the beers, because yet again, we had to sell some of it. [00:49:55][5.7]

Alec: [00:49:56] Actually, no. Flint paid for the business. Shout out Flyn. But I was going to say Rory's wearing a white shirt and I could say a sponsor's logo. Right. [00:50:05][9.8]

Rohan: [00:50:06] Oh, wouldn't it be nice to get these guys so [00:50:09][3.1]

Alec: [00:50:11] contact@equitymates.com if you want to be Reles personal [00:50:13][2.4]

Rohan: [00:50:14] sponsor, but [00:50:14][0.8]

Bryce: [00:50:15] let's leave it there. As I said, Covid a lot of ground stoke that you still in the market. And I know that many of the questions that you've asked today will certainly be applicable to a lot of the members in the Get Started Investing feed community. So thank you, Roee, and very much. Looking forward to picking up on your investment philosophy and perhaps some of the individual stocks or maybe even just the brokers that you have decided to go with in a few months time. So no pressure to do any of that if you don't want to. But we got you back, all right. [00:50:45][30.8]

Alec: [00:50:46] And we're always going to be dripping in gold chains [00:50:47][1.8]

Rohan: [00:50:50] and that he was a guy like a gutsy BMW with my entourage waiting outside. [00:50:59][8.5]

Bryce: [00:51:00] All right. Well, we'll leave it there. Roy, thank you for joining us, as always. [00:51:03][3.3]

Rohan: [00:51:04] Thank you very much for having me, guys. Looking forward to maybe the next. [00:51:07][3.4]

Bryce: [00:51:09] And just a reminder that you're in good company launch today, another one of Equity Mates media's podcasts. We're very excited about it. Sophie and Maddie will be the host of the show and they're going to be improving the conversation of investing, particularly amongst women. So head over and check that out. It's going to be following their journey of investing, as well as comedian, economist and meat pie. Love to other shows in our staple. [00:51:36][26.4]

Alec: [00:51:36] Yeah, I think and you know, you hear every podcast in the world say this and it sounds very clichéd, but it actually does make a difference. If you like what Equity Mates are doing. If you Roee comes back on you, we have a podcast for you to come back onto. It really does help. If you write and review, it gets it in the iTunes charts. It gets more people listening. It grows the Equity Mates community. The more people in the Equity Mates community, the more people in the discussion group, the better the conversation is that benefits. You look at that network effect change. So, you know, if nothing else, please do write and review positively. Hopefully all the shows, but especially you're in good company because we want them to launch. Well, if you like Raleigh, you love Sophie and Maddie know. So yeah, that would be greatly appreciated. [00:52:22][45.8]

Bryce: [00:52:23] Or I Ren will. We'll leave it there. As always, great to chat stocks and great to chat with Roee and looking forward to picking it up at some point in the next few months. Sounds good. [00:52:31][8.3]

Speaker 3: [00:52:33] Get Started Investing feed is a product of Equity Mates media. All information in this podcast is for education and entertainment purposes only. It is. Not intended as a substitute for professional finance, legal or tax advice, the hosts of Get Started Investing feed are not financial professionals and are not aware of your personal financial circumstances before making any financial decisions. You should read the product disclosure statement and if necessary, consult a licenced financial professional. Do not take financial advice from a podcast. For more information, head to the disclaimer page on the Equity Mates website, where you can find the ASIC resources and find a registered financial professional near you. In the spirit of reconciliation, Equity Mates media and the host of Get Started Investing feed acknowledge the traditional custodians of country throughout Australia and their connexions to land, sea and community. We pay our respects to their elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander people today. [00:52:33][0.0]

[2830.5]

More About
Companies Mentioned

Meet your hosts

  • Alec Renehan

    Alec Renehan

    Alec developed an interest in investing after realising he was spending all that he was earning. Investing became his form of 'forced saving'. While his first investment, Slater and Gordon (SGH), was a resounding failure, he learnt a lot from that experience. He hopes to share those lessons amongst others through the podcast and help people realise that if he can make money investing, anyone can.
  • Bryce Leske

    Bryce Leske

    Bryce has had an interest in the stock market since his parents encouraged him to save 50c a fortnight from the age of 5. Once he had saved $500 he bought his first stock - BKI - a Listed Investment Company (LIC), and since then hasn't stopped. He hopes that Equity Mates can help make investing understandable and accessible. He loves the Essendon Football Club, and lives in Sydney.

Get the latest

Receive regular updates from our podcast teams, straight to your inbox.

The Equity Mates email keeps you informed and entertained with what's going on in business and markets
The perfect compliment to our Get Started Investing podcast series. Every week we’ll break down one key component of the world of finance to help you get started on your investing journey. This email is perfect for beginner investors or for those that want a refresher on some key investing terms and concepts.
The world of cryptocurrencies is a fascinating part of the investing universe these days. Questions abound about the future of the currencies themselves – Bitcoin, Ethereum etc. – and the use cases of the underlying blockchain technology. For those investing in crypto or interested in learning more about this corner of the market, we’re featuring some of the most interesting content we’ve come across in this weekly email.