No AFSL. Working "outside the system." Not registered for GST. Minimum $50,000 investment. 20% return...

On this Australian Investors Podcast 2 Sense episode this week, very stable geniuses Owen Rask & Drew Meredith, CFP discuss the following:

My friend wants to invest with a group that claim to be working "outside the system"
My stock went up 300% and is now down 70%
A LIC or an ETF - what's the difference?
How to use the AAA cash ETF for speedy investments
Drew's momentum trading strategy
$50k into 5 stocks - buy now or wait?

Episode resources:

~ Resources ~

WARNING: This podcast contains general financial information only issued by The Rask Group Pty Ltd. The information does not take into account your objectives, financial situation, or needs. Speak with your financial planner or tax agent before acting on this information. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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If it sounds like a ponzi, smells like a ponzi... it's probably a... ponzi?