Australian Finance Podcast

John Addis is the founder of Intelligent Investor and one of Australia's best investment writers. He joins Owen Rask to dive deep into four categories of losses and how to avoid the costliest investment mistakes.Video version: https://youtu.be/v8L-I3J1I28Buy the book (use code RASK25 for 25% off at checkout): https://bit.ly/johnaddisShow notes: https://www.raskmedia.com.au/2024/10/07/john-addis-book-how-not-to-lose-1-million/The four categories of losers include: Stocks John bought but shouldn't have Stocks he bought but sold too soon Stocks he bought but sold too late, and Stocks he should have bought but didn't. Companies mentioned include Flight Centre (ASX: FLT), Afterpay (now part of Block Inc), Apple Inc (NASDAQ: AAPL), Facebook/Meta Platforms (NASDAQ: META), Star Entertainment Ltd (ASX: SGR), Cochlear Ltd (ASX: COH), PMP Ltd (ASX: PMP) and more.Australian Finance Podcast resources: Pearler, the broker for investors ($15 credit): bit.ly/Pearler 50% of PocketSmith: https://bit.ly/R-PocketSmith Invest with Owen: https://bit.ly/R-invest Ask a question: https://bit.ly/3QtiY00 Access Show Notes: https://bit.ly/R-notes Rask Community: https://bit.ly/3UkFWel Kate's book, Buying Happiness: https://bit.ly/kate-amazon Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Karen Eley, a Certified Money Coach, dives into financial well-being and practical steps to take control of your finances. She introduces an engaging activity called the 'financial wheel of life,' designed to assess satisfaction across ten areas of your financial landscape. Karen emphasizes the importance of honest conversations about money, especially in relationships, and offers tips for setting aligned financial goals. Plus, she provides insights on making financial tasks enjoyable and maintaining motivation through collaboration.

Tom Wickenden, a representative from Betashares, specializes in factor investing and ETFs. He dives into the fascinating world of smart beta and contrasts it with traditional index funds. The conversation also covers the Betashares Australian Quality ETF, focusing on investing in high-quality companies. Wickenden shares insights on the long-term performance of ETFs compared to gold and the importance of diversification. He emphasizes how financial literature shapes investment perspectives and encourages proactive research in the ever-evolving market.

Homeownership in Australia comes with many hidden costs. Beyond the initial purchase, homeowners face ongoing expenses like termite damage, structural repairs, and council rates. Personal stories reveal unexpected financial burdens, including emergency repairs and yard maintenance. Budgeting wisely and considering insurance for high-value items are emphasized. The hosts share tips on sourcing secondhand furniture and making smart investment choices, highlighting the balance between aesthetics, essentials, and long-term financial health.

Discover the iShares S&P 500 ETF and why it's a top choice for Australian investors seeking low-cost access to major US companies. Explore how global investments, especially in tech giants, reshape market perspectives. Learn about the unique risks faced by Australians in the S&P 500, including currency and geopolitical factors. Dive into strategies for diversification and understand how interest rates impact investments. Finally, uncover a new professional investment service aimed at enhancing financial portfolios.

Karen Eley, a Certified Money Coach, shares her expertise on the psychological barriers to financial success. She discusses seven common mindset blocks, including the misconceptions that hard work alone leads to wealth and the impact of parental influences. Karen emphasizes the necessity of self-reflection and transforming scarcity mindsets into abundance by reshaping personal narratives about money. Listeners are encouraged to confront their 'invisible scripts' and adopt healthier financial behaviors to achieve their goals.

Kate Campbell, an author known for her insights on happiness through financial choices, joins finance expert Owen Rask and producer Monique for a lively chat. They share their adventures in detoxing finances, optimizing mortgage deals, and cleverly cutting costs on subscriptions. The trio offers budgeting tips, explores smart shopping strategies like using farm boxes, and discusses the benefits of automated investing. With humor and practical advice, they inspire listeners to take control of their financial health while balancing life's demands.

Kate, an author focusing on the link between finance and happiness, and Owen, a share investing expert running a free Value Investor Program, dive deep into their 10-year investing journey. They share valuable lessons learned from their experiences, including the importance of diversification and a long-term mindset. Discover their insights on the emotional challenges of investing versus gambling and why understanding fundamentals beats focusing on share prices. Their strategies emphasize starting small and the power of ongoing education in achieving financial success.

Owen Rask, an expert in Australian shares, joins to discuss the ins and outs of dividend investing. He emphasizes the unique advantages of the ASX, including franking credits and consistent income sources. Owen shares tips for spotting high-quality dividend stocks, spotlighting Cochlear and ResMed for their growth potential. The conversation also includes insights on real estate investment trusts (REITs) and the benefits of dividend reinvestment plans, all tailored for building a resilient and profitable investment portfolio.

Dive into the world of finance through literature as two hosts share their favorite money and investing books for 2024. They highlight the significance of diversifying investments and employing automated tools for growth. Key titles like 'The Barefoot Investor' and 'Good with Money' are discussed, showcasing accessible personal finance strategies. The conversation also explores finding passion in careers, fostering financial transparency in relationships, and engaging the community with a book giveaway to inspire financial literacy.