Owen Rask, cohost of the Australian Finance Podcast and founder of the Rask Group, discusses his career path, investment philosophy, qualities of the best companies to invest in, portfolio allocation, automation in investing, challenges of property ownership in Australia, and legislative risks in super and alternative investments.
Importance of long-term focus, optimism, and delivering independent and impartial information in the finance industry.
Value of passive investing through low-cost and diversified investments like index funds and ETFs, with opportunities for active management in emerging markets and small-cap investing.
Need to diversify wealth-building vehicles beyond superannuation, such as insurance or investment bonds, investment companies, and family trusts, due to legislative risks and the potential impact of frequent superannuation system changes.
Deep dives
Owen Rask, Founder of Rask Group, Discusses the Vision and Background of Rask
Owen Rask, the founder of Rask Group, shares his journey from a blue-collar background to becoming an educator and business owner in the finance industry. He emphasizes the importance of long-term focus, optimism, and delivering independent and impartial information. Rask Group offers multimedia platforms that cover various aspects of personal finance, including news updates, budgeting, investing, and valuation. Owen discusses the importance of financial education and the need for independent resources in an industry that often focuses on marketing rather than education.
Owen Rask's Investment Philosophy: Core and Satellite Approach
Owen Rask follows a core and satellite investment approach, where the core of his portfolio consists of low-cost and diversified investments. He highlights the value of passive investing, particularly in global and Australian index funds and ETFs. However, he also believes that there are instances where active management can outperform, particularly in emerging markets and small-cap investing. Owen encourages investors to have a long-term time horizon and seek out companies with wide moats, integrity in leadership, and organic growth in growing industries.
Automation and the Importance of Building Wealth Outside Superannuation
Owen Rask emphasizes the importance of automation in investing and the benefits of building wealth outside of superannuation. He shares his view that overreliance on superannuation as the primary wealth vehicle can be risky due to frequent regulatory changes and the potential impact of legislative risk. Owen advises diversifying investments in other wealth-building vehicles, such as insurance or investment bonds, investment companies, and family trusts. He also discusses his long-term approach to property investment and concerns about housing security and inequality.
Managing Superannuation: Legislative Risks and Alternatives
Owen Rask acknowledges the legislative risks associated with superannuation and the potential impact of frequent changes to the system. He discusses the introduction of a cap on super balances above three million dollars and suggests considering alternatives to relying solely on superannuation for wealth accumulation. Owen mentions the possibility of setting up investment companies and highlights the advantages of having a flat tax rate. However, he emphasizes the importance of seeking personalized advice and considering the risks and benefits of each investment strategy.
The Role of Education and Media Arms in Rask Group
Owen Rask explains the three main arms of Rask Group: education, media, and investment research. Rask Group focuses on providing free or mostly free financial education through partnerships, delivering information through various channels like podcasts, videos, and articles. Owen highlights the importance of accessibility to financial information and aims to break down jargon and provide trusted resources to the audience. Additionally, he discusses the evolution of Rask Group's investment research from value investing to a core and satellite approach, emphasizing the use of low-cost investments like ETFs and managed funds.
In today's episode we're chatting with Owen Rask, cohost of the Australian Finance Podcast and founder of the Rask Group. Owen shares about his career prior to Rask and what motivated him to start the business, his investment philosophy, thoughts on the home ownership crisis and more.
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