Rare Pokémon cards and kids investment accounts - your questions answered
Apr 17, 2025
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Join Owen and Gemma as they tackle exciting questions about personal finance and investment. Discover how nostalgia, like Pokémon card collecting, can yield surprising returns. They discuss practical approaches to starting an investment journey in your 30s and the pros and cons of managing annual expenses. Learn the ins and outs of setting up kids' investment accounts and the importance of teaching financial literacy to the next generation. Plus, get inspired to explore the next big collectibles craze!
Investing in children's accounts, such as custodial accounts, fosters financial literacy and security for their future financial independence.
Navigating mortgagee sales requires essential tools and due diligence, highlighting the significance of strategic decision-making in real estate investments.
Financial education, particularly for younger individuals, is crucial for building a positive relationship with money through concepts like budgeting and long-term planning.
Deep dives
The Role of Gold in Investment Portfolios
Gold is recognized as a safe haven asset, particularly during periods of geopolitical uncertainty, offering valuable diversification for investment portfolios. Investors often seek gold exposure as it can help mitigate risks associated with market volatility and inflation. One effective way to gain gold exposure is through ETFs that track gold bullion prices, offering simplicity in terms of investment management. The market’s current sentiment towards gold underscores its significance as both a defensive asset and a hedge against economic instability.
Challenges of Mortgage Investment
Navigating the complexities of mortgage investments can be daunting, especially for first-time investors. A listener's query about finding mortgagee sales illustrates the need for practical guidance in this area, highlighting tools like realestate.com.au that can assist in locating such opportunities. Additionally, discussions surrounding how to optimize investing in property while balancing immediate financial needs emphasize the importance of due diligence and strategic decision-making. Consideration of an individual’s financial circumstances and long-term goals is crucial when making these investment choices.
Investing for Children's Future
Investing on behalf of children is increasingly being recognized as a proactive approach to providing financial security for their future. Various account options are available for investing in minors, including custodial accounts that allow parents to control investments until children are of legal age. Furthermore, imparting financial literacy from a young age encourages children to understand the value of money and the importance of investing. Establishing a tradition of investing for kids can create an early appreciation of wealth-building strategies.
The Importance of Financial Education
A focus on financial education is essential for anyone looking to improve their relationship with money, especially younger individuals starting their investment journey. Introducing concepts such as budgeting, asset allocation, and long-term financial planning can empower individuals to make informed decisions. The importance of individual responsibility in financial matters is emphasized, highlighting that proactive education can lead to better outcomes. Sharing experiences and learning from others fosters a community-focused approach to financial literacy, encouraging ongoing dialogue.
Navigating Feedback and Criticism
Dealing with feedback and criticism, especially in public forums, can be challenging for professionals. The discussion around a negative comment received by a contributor showcases the emotional impact such criticism can have, even in contexts where much positive feedback exists. It's vital for individuals in the financial realm to maintain resilience and focus on constructive feedback, rather than getting caught up in negative commentary. This conversation highlights the importance of continuous learning and maintaining a growth mindset in the face of criticism.
In this episode, Owen and Gemma answer your questions and cover lots of areas: cashflow, investing, debt and how Owen’s nostalgia collection of Pokémon cards has been a pretty good investment.
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Topics covered today:
Knock on from a previous episode: Mortgagee Sales. Yes, they still exist and how to find!
Starting an Investing Journey in Your 30s – What Would Owen and Gemma Do If They Were Starting Over Today?
Using Sale Proceeds – Offset vs Investing
Managing Big Annual Expenses – Lump Sum or Spread Out?
Setting Up Investment Accounts for Kids
How Gemma and Owen invest for their kids
Plus, we ask you for your tips for us on what the next big nostalgia investment might be?
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
