Equity Mates Investing Podcast

Card fees to go, Pimp my Portfolio & BlackRock lost $52 billion in one go

18 snips
Jul 20, 2025
Guest
Luke Laretive
Luke Laretive, a financial advisor at Seneca Financial Solutions, joins the discussion to tackle community member Keiran's portfolio. Key highlights include the Reserve Bank of Australia's plan to ban card surcharges, the significant financial trends emerging from the U.S. earnings season, and BlackRock's shocking $52 billion loss. They also dig into global trade developments and explore investment strategies, including the differences between smart beta and dumb beta investments, making for an insightful financial commentary.
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INSIGHT

RBA Ban on Card Surcharges

  • The RBA’s proposal to ban card surcharges aims to save Australians $1.2 billion annually by mid-2026.
  • Visa and MasterCard will enforce the surcharge ban by lifting their rules that currently allow surcharges.
INSIGHT

Big Tech’s Massive Clean Energy Push

  • Big tech companies are investing billions to secure clean energy for AI data centers.
  • For example, Google’s hydropower deal could power millions of Australian homes, highlighting huge energy demand.
ADVICE

Delta’s Tariff Avoidance Strategy

  • Delta avoids US tariffs by buying European Airbus jets and transferring engines to US planes.
  • This asset ownership strategy avoids cross-border tariffs, despite added logistical complexity and costs.
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