November 11, 2025 • 28 mins
Want the inside scoop on the seriously simple strategy behind Victoria and Brooke's investment portfolios? This ep is all about the framework they both use today, and Victoria used with her high-wealth clients when she was a financial advisor. They're breaking down exactly how to structure a portfolio that quietly builds wealth without the 3am panic checks, how to balance steady growth with the spicy picks that keep it interesting, and why trying to beat the market is probably costing you more than you think.
Inside this ep:
📈Why trying to pick winners is statistically a losing game... and what actually works instead
📈The framework so simple, you'll wonder why you ever thought investing was hard
📈How to know if something deserves a spot in your portfolio (or if you're just FOMO buying)
📈The hack Brooke uses to fund her fun picks without touching her paycheck
📈The mistake that could be quietly draining your return and how to fix it fast
If you've ever looked at your investments and thought "is this actually a strategy or am I just... hoping?" this one's for you.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young
Ganya Niana, Kaka yah Ya bin Ahaka Nian our gay
in Nimbina, yakarum jar Dominyamiga Umagahawakawaman, damon Imlan Bumba ban
Gadabomba in and now in wakah Ghana on yak rum
jar Watnadaa. Hello, beautiful friends, we gather on the lands
(00:24):
of the Aboriginal people. We thank acknowledge and respect the
Aberiginal people's land that we're gathering on today. Take pleasure
in all the land and respect all that you see.
She's on the Money podcast acknowledges culture, country, community and connections,
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:44):
She's on the Money. She's on the Money.
Speaker 3 (01:07):
Hello, and welcome to She's on the Money, the podcast
that's here to show you that investing isn't just for
the rich, it is for you too. If you're ready
to start investing, but you're thinking where do I even begin,
this one is for you or maybe you've already bought
needed here for maybe you already own a few direct shares,
and you now have like a portfolio that feels a
little bit random. You're not sure if it's diversified. It
(01:30):
just feels a little bit chaotic. You're not totally clear
on what you're building, and you're just excited to be
starting to invest. And honestly, girl, you are not alone.
We have all been there. So today we are giving
your investing strategy a glow up. We are breaking down
one of the easiest ways to build a portfolio that
actually works. I'm Victoria Devine and I am a retired
(01:50):
financial advisor who is wildly passionate about getting more women
just like you to start building wealth through investing. And
with me today is someone who has quickly become a
favorite in our podcast episodes, especially our Investments every in
the office. Oh, your favorite in the office. That's nice.
Speaker 2 (02:08):
That's a nice.
Speaker 3 (02:09):
You are smart, you are strategic, and I am trying
really hard to yes, please don't tell my husband, and
you have built an investing portfolio that could have you
retiring by the time you are thirty five. Miss brook Green,
welcome back to the show.
Speaker 2 (02:25):
Thank you for the rule of the ah. I feel
like I Miss Jessica Ricky Jesse, it's Ricky.
Speaker 3 (02:30):
Everybody says that, But like every time you slide into
my DMS and tell me that I'm saying Jess's name wrong,
cheers for the engagement, Like, thank you, I appreciate it, illium.
Do you think that I am doing that accidentally? No,
it's not an accident.
Speaker 2 (02:44):
She's engagement farming.
Speaker 3 (02:45):
I have to say, our community loves hearing about your
investing journey. I think the idea of hearing from someone
who is a salaried employee who is working towards this.
Speaker 2 (02:54):
I'm working nine to five.
Speaker 3 (02:55):
Yeah, but it's also just really empowering because it's one
thing to hear from me, and then people go, but
like that's kind of not as relatable. You're a business owner,
and like you have so many different elements and things
going on. I think having somebody who's walking the walk
that really is relatable to our community is just making sense.
And we've had so many messages from people, and You've
(03:16):
been in the messages as well, because you just like
reading about yourself from people saying how inspired they are
by what you've built, especially knowing that you didn't start
out with a finance degree or a massive inheritance. You
were just like really consistent and really clear about your vision. Yes,
but today we're not going to be talking about like
the outcome or the results or performance. We're actually getting
(03:38):
into something a little bit more gritty, and we're going
to talk about strategy behind it.
Speaker 2 (03:43):
Yep.
Speaker 3 (03:44):
And we're going to talk about a specific strategy that
I believe both you and I employ. Yes, are you
excited for this? I am? Now, Brooke, I would say,
having poured over your investment portfolio, because I am nothing
if not perfect, I feel like.
Speaker 2 (03:59):
It's like it's ingrained in us to be nosy.
Speaker 3 (04:02):
Yeah, and like that's cool, that's market research.
Speaker 2 (04:04):
Yeah.
Speaker 4 (04:05):
Sorry, So if you guys want to send in what
your portfolios are, we'd love to look at them. Yeah.
Speaker 3 (04:09):
Absolutely. Unfortunately I can't provide you any but we will
just go thank you for showing me. Yeah, thank you.
It's like gossip, and the best type of gossip is
about other people that I have nothing to do with. Yes,
but your portfolio is relatively impressive.
Speaker 1 (04:22):
Thank you.
Speaker 3 (04:23):
Was that always the case?
Speaker 1 (04:24):
No?
Speaker 4 (04:24):
Oh okay, no, no, this is boring. I'm the average
retail investor. Like my portfolio was really boring and probably stupid.
If a financial advisor looked at it the day that
I started investing, I'm like, bro, what.
Speaker 2 (04:36):
Are you doing? But that's okay, chaos investor.
Speaker 4 (04:39):
Yeah, we do the best with the information that we
have at the time, and then as we get more educated,
we make better decisions that aligned with our financial goals.
Speaker 3 (04:46):
And we have to make some cleanup like and that's okay.
We can't be perfect, no, And I think so many
people are so scared to start investing because they're so
worried that they'll make the wrong decision.
Speaker 2 (04:57):
They're like, what if I have to sell it, You'll
never be perfect? Right time to start, and.
Speaker 3 (05:02):
It's all good, like try you know what, you can
sell something and you can get into something else.
Speaker 2 (05:06):
But like what you used to have. If you sell something,
you make a mistake, you can try again.
Speaker 3 (05:10):
I've done that.
Speaker 2 (05:11):
Yes, I've done that. I have paradigm.
Speaker 3 (05:13):
I've had shut up. I'm not getting rid of paradigm.
I have had sell down regret before and it happened
to the best of us. Rude, not too I'm getting
back into that. When did it actually click for you
that maybe chaos investing was not for you? And you
needed an actual plan. Was that like you bought a
couple of things and you were just hoping for the best,
and then you were like, hold up, yeah.
Speaker 4 (05:33):
I think realizing that, Okay, well, if I'm investing in
direct shares and I don't have lots lots of direct shares,
my risk is heavily weighted in one or two things
and one or two industries they probably mirror each.
Speaker 3 (05:44):
Other, so my risk is so so so high and confronting.
Speaker 2 (05:48):
It's really confronting it, especially as like a cause you
think you're doing a really good job and then all of.
Speaker 3 (05:52):
A sudden, I'm not.
Speaker 4 (05:53):
And it's like because of I'm a salaried employee. It's
like I don't have the money to splash around. If
I make the mistake, that's on me. Like, I'm up,
she'd creek without a puddle. So I needed to make
a decision that was less risky but still going to
provide me with growth options. So that's when we started
employing the call versus satellite approach.
Speaker 3 (06:10):
Yeah, I was going to tell them about that spoiler approach,
but I guess was there a moment in time where
you were like, oh, I probably should change this or
were you just like, I'm going to slowly work towards.
Speaker 4 (06:20):
This, like twenty twenty COVID times that was like my
real like, okay, this is I've got nothing else to
do except for TikTok and invest and that worked out
really well for you when worked out for me? Go
following on TikTok at splin, that's I'm going to make
that my own.
Speaker 2 (06:35):
Clip for myself.
Speaker 4 (06:37):
So I kind of started reading lots of investing things.
Then I joined a million one Subreddit says you probably
already know. Listen to podcasts. I listened to Shoes on
the Money, which is so funny. Full circle, and then I.
Speaker 3 (06:49):
Kind of realized, okay, I only indoctrinate people into my
employee least if you're like in the colt already.
Speaker 2 (06:55):
I would like it to be known that you followed
me first I did.
Speaker 3 (06:58):
She was scomo girl, I know you want to talk
about that. No, I didn't move on and talk about
a core satellite approach.
Speaker 4 (07:05):
So twenty twenty I chose that we need to switch
this up and we need to go let's pick some
core ETFs. So I tried to pick two or three
that aligned to my goals and then I did that
for a while, and then I introduced the satellite approach.
Speaker 3 (07:17):
Yes, so I think that that's where, thankfully, I have
kind of always been placed because I had that and
thanks with your meditation. And you know, a lot of
people are so worried that they'll make mistakes, but the
reality is like, just like Brook, you can make mistakes
and you can fix it. Yeah, and it's also like
not the biggest mistake because.
Speaker 2 (07:36):
You had the end of the the money. It as
much just a small amount of money.
Speaker 4 (07:39):
Like obviously, if you're a retail investor, you're not investing
one hundred fifty thousand dollars. I was investing like two
or three grand, and that was over a couple of years,
So like you might think, oh, that's a lot of money,
but it's like ten dollars a week. Yeah, so that
point Okay, well, okay, great, I've only invested two with
three grand, maybe I've lost seven hundred dollars.
Speaker 2 (07:53):
Who cares. I'd rather make the.
Speaker 4 (07:55):
Decision sell that off, enjoy the losses for my tax return,
and then begin and again with an approach that makes
a bit more sense of my financial future.
Speaker 3 (08:03):
Let's go back to because I'm trying to make this
like a little bit of a snappy episode because like
we can, we can, Yeah, we can, yeap. So we're
trying to get through this. Both of us have mentioned
that we have a core satellite approach. And if you're thinking,
what the heck, what the helly, what is going on here?
Speaker 2 (08:20):
What is that?
Speaker 3 (08:20):
Don't worry because we are going to break that down
for you. So I would say it's probably one of
the most popular strategies employed by financial advisors in Australia.
Like when I talk to other financial advisors, we all
kind of fall back onto the core satellite approach and
it sounds a lot more fancy than it is. But
(08:41):
like when we talk about core satellite, it's literally core.
Like think about the Moon and that's where majority of
your investments are going to sit. And then there's literally
a satellite and it's really small and it floats around, but.
Speaker 2 (08:54):
It's really space.
Speaker 3 (08:56):
Yeah, it's the International Space Station. We don't know what
the hell's going on there. That's why we don't try buying. Yeah,
we don't invest heaps, but it like sits a little
bit separate and that's where we can play.
Speaker 2 (09:04):
We like, that's our fun.
Speaker 3 (09:05):
Nothing on the moon. Now it's kind of boring, and
it should be boring, because that's what a good investment
strategy is. Low and slow of fun. Stuff's happening at
the space station and spin around and around, and there's
so much fun stuff going on there. But we also
don't want to put all of our money there because
it's risky. We don't know what's happening exactly. So floating
in space, why did you choose a course satellite approach?
I think I chose a course.
Speaker 4 (09:25):
Originally I started with just the core, and then as
it became a bit more knowledgeable and added things to
my watch list and change while I was investing in,
I was like, well, I really want to try investing
in thematic ETFs and some directions. Okay, but I don't
want to change my actual investments, Like I really love
what I've got going on here, but I still want
to dabble in that. So then I started introducing every
(09:45):
time I get paid dividends, I'd put that dividend money
into a different Breakeridge account so that I can then go, okay, well,
I will do my little satellite options over here, and
then I'm hearing in the news all these fun companies
adding those to my watch lists, and when I was
ready to buy, I'd check some money in, but it
was not big amount. It's under five to ten percent
of my portfolio. Like, it is not a lot of money,
but it's money that I'm willing to lose because I
(10:06):
do consider it a little bit more high risk than
my core.
Speaker 3 (10:10):
Yeah, and so honestly, the core satellite approach, I would
say is relatively ideal if you're a long term buy
and hold kind of investor, Like you want something that
is low maintenance but still gives you a bit of flexibility.
So your core or the moon is where your steady,
reliable growth without consistently checking in on the market happens.
(10:31):
And then your satellites that's where we have the fun. Right,
you invest in maybe something specific or your back a
theme that you care about, like your thematic ETFs, or
you lean into a little bit more risk paradigm without
it letting.
Speaker 2 (10:44):
That is not paying off.
Speaker 3 (10:45):
That's okay, but that's the point, but it's not hijacking
my whole portfolio because it's a huge light my retirement goals.
So your portfolio is basically like and I'm trying to
give you so many examples, so it just makes sense,
like not just for you, but like for everybody. And
it's like kind of like a capsule wardrobe. So like
your core is your staple pieces. They're like your jeans,
(11:07):
they're the really nice blazer that's well cut. It's a
few really nice like white t shirts. Like they're not flashy,
but they're the reason that your outfit works consistently.
Speaker 2 (11:16):
And then you're starting it with trend pieces.
Speaker 3 (11:19):
All these core things they literally go with everything, they
hold it all together, and they make getting ready in
the morning really easy, right, and then your satellite that's
kind of like your accessory. That's like the fun trendy card.
Again it is the line spy top is far out.
Don't even get me started on that piece of content.
The fun bag, the statement earrings, like you know, a
(11:41):
lipstick that you wear not going to be.
Speaker 2 (11:42):
In season forever exactly, it might work for you now.
Speaker 3 (11:45):
They add personality, they add interest, but only because your
basics are doing their job, because otherwise, can you imagine
if you would just trendy every single season.
Speaker 2 (11:54):
You would lose so much money.
Speaker 3 (11:55):
You would not only lose so much money, but like
you're sick of that stuff, like it's just not fun.
So the goal here, we're not ditching the fun stuff,
like we still want to have our little satellite investments,
but the primary purpose would be to build a strong
foundation first and then layer the extras with some intention. Yes, Brook, what,
(12:16):
in your opinion makes a good core portfolio?
Speaker 4 (12:20):
I think a portfolio that you don't have to worry about.
You should not have to wake up every day and think,
oh my god, the market's down. But then I like,
I feel really confident with my core portfolio. Like if
someone said to me tomorrow and what should I invest in?
Not that I would ever give anyone personal advice, but
I would be like, oh, well, god, high growth, this
is what I invest in, and I've invested in that
since I first started investing.
Speaker 2 (12:39):
I feel so confident in the mission.
Speaker 4 (12:40):
I feel so confident in what they invest in and
what's in that portfolio that I don't have to worry.
Whereas my satellite options, some of them, I'm worried about.
Speaker 5 (12:48):
Some of them.
Speaker 4 (12:49):
I think, oh, I probably should sell that stone because
I'm losing money. But that's the whole point.
Speaker 3 (12:52):
The core is you're reliable to be a little bit fun,
and it's not meant to impact goal.
Speaker 4 (12:57):
No, it's like really not going to change it. That's
not going to make me a millionaire tomorrow, I know.
But I can have a little bit of fun. I
could dabble, and I get to experience the highs and
the lows in the share market.
Speaker 3 (13:06):
I've got a few notes that I've written down, so
like for my core, I want it to be broadly diversified,
so we're not just going into one topic. All our
eggs are not in one basket. I want the fees
to be relatively low, so like for me that leans
more into an ETF or like index funds, so like
low management costs that then don't eat up a low returns.
(13:27):
I want them to be simple and consistent, so like
something that I can just regularly invest into, not think
about too much, Like I'm not stressed about it, no overthinking.
Don't need to consistently rebalance. Obviously, it needs to be
aligned to my long term goals and my risk tolerance.
So like you know, we joked just before about Vanguard
High Growth and which we both own, and that is
(13:48):
good for us, but like it might not be good
for others if you're not a high growth girallye God,
why would.
Speaker 2 (13:53):
You even consider be stressful for people?
Speaker 4 (13:54):
Because high growth fluctuates as well, even though it's still
lower risk than a satellite option, it fluctuates, whereas those
people might prefer something that is less risk less reward.
Speaker 3 (14:04):
Yeah. And then for me at this point in my career,
at this point in my life, I have realized that
a set and forget strategy is just better for me. Yeah,
and it's better for most people because we don't want
to over evaluate. We don't want to have to, you know,
be uncomfortable and think that we have to be in
it every single day. Like I'm sorry, I'm not a
financial adviser anymore. I do not have forty five hours
a week to look at investments consistently. Someone else can
(14:27):
do that for me. So I think I just love
knowing that it's doing its job over time consistently and
I can rely on it. Now we've covered the core,
and we're not done yet because the fun part is
coming up. Like I'm going to talk about the satellites.
The space station is coming and that's coming up next.
So after the break, we're going to get into satellite investments.
How to use them. How to personalize your portfolio without
(14:49):
accidentally blowing up your entire strategy, and we'll talk about
I guess what to include, what mistakes to avoid, and
how to decide if something really like deserves a spot
on the satellite space station because like we've talked before, Brook,
we have watch lists, Like we creep on things all
the time. Doesn't mean it makes it to the space station.
Things never make it off the world, absolutely, So guys
(15:09):
don't go anywhere. All right, we are back and it's
time to talk about the space station. It is time
to talk about she's on the space station, she's on
the satellite. So we're going to talk about satellites because
that is where your portfolio gets to be a little
bit interesting.
Speaker 5 (15:28):
You know what.
Speaker 3 (15:28):
Some people just have the core and they're fine with that,
Like they don't have satellite, Like you just go don't.
I don't care, Victoria, and you.
Speaker 2 (15:35):
Don't have to.
Speaker 5 (15:36):
Like.
Speaker 2 (15:36):
The thing is I think for us, we have a
satellite because we find the topic really interesting. It's really fun.
Speaker 3 (15:40):
For me.
Speaker 2 (15:40):
This is like a little hobby that I have.
Speaker 3 (15:43):
And I guess we mentioned earlier, like our core portfolio
is lifting.
Speaker 4 (15:48):
They exactly care about the satellite. If they never perform,
they never turn over. Great, what if I lost this
year five hundred dollars, I've lost five hundred dollars. But
the rest of my portfolio is doing what it intends
to do exactly.
Speaker 3 (15:58):
And I think it's like how many times have you
looked back at old photos and be like, what the
hell am I wearing?
Speaker 2 (16:03):
Why did I do mybrows like that?
Speaker 3 (16:04):
Don't even I get this point? I added on exactly,
like I am committed to the eyebrows, so we won't
go there. But like you look back on things and go,
why did I pick that? And that's why I don't
want satellite to be your entire strategy. Now. Satellite obviously,
and I'm just gonna hound this again. It makes up
a much smaller part of your portfolio. So like think
(16:26):
five to some people have thirty percent. I don't know
about you mine, or if I like group in my
satellite stuff, I would say that it's maximum ten percent.
But like, even of that, there's some pretty conservative like satellites,
and I just like group in your individual Oh no,
I group in my individual shares into that. So like
everything else is an ETF. But it depends on how
much risk you want to take on, and they are
(16:49):
I guess best used to complement your core, not we're
not competing with our core. And that's why we also
want to make sure like we fully understand what's in
our ETFs because I feel like super passionate about Apple
and you're like, I want that as part of my
satellite strategy. She's going to the space station. Go what
if you already double it into ETFs? Like that just
feels like a bit redundant, Like yes, you like following it,
(17:11):
but like.
Speaker 2 (17:12):
It's in your mote.
Speaker 3 (17:13):
Yeah, sorry, it's in the mote. So what actually counts
as a satellite? It could be what you were talking
about before Brook so like a thematic ets, like one
that focuses on clean energy or tech innovation, or like
you are talking about crypto infrastructure. It could be a
few individual shares in companies you genuinely believe in. It
(17:33):
honestly could be crypto. So I think a lot of
people are like, Vita, do you like crypto? And I'm
kind of like, well, it's not really my journey, but
if you want to own it, I would be having
a satellite. It like fits in there as opposed to
your core And basically it's the stuff that like reflects
your goals and your values and something that you just
like want a little bit of individual exposure to, Like
(17:54):
it's where the tea lives. So what kind of things
in your satellite right now.
Speaker 2 (17:58):
At the moment. A lot of my satellite is in America.
Speaker 4 (18:00):
I can give you some examples, and some of them
are random, and I've lost money on them, that's why
they're in my satellite. But they are just things that
I'm interested in. I like to pretty much just invest
in companies that I care about. So some things that
are in my satellite include Beyond, which I'm pretty sure
is like the Beyond beef, like the vegan foods that's
down like ninety seven percent, ok, so not an investing god.
(18:24):
A company called GRB Why I can't even remember why
I invested in that, but I did.
Speaker 3 (18:28):
It sounds like gravy.
Speaker 2 (18:29):
It sounds like gravy, and it's up one hundred and
thirty percent.
Speaker 3 (18:31):
So you're investing in fake meat and then gravy.
Speaker 4 (18:33):
Yep. I've got notice. I've got Reddit, which is up
really well. Like I love Reddit, I you know me,
I talk about it all the time, but I really
believe in that, so it's in my satellite. I've got Tesla,
which I don't necessarily believe in it at the moment.
I'm more a B white E girl, but I still
have it, so I'm not gonna sell it just yet
because it's lost some money. So I'm gonna wait a
little bit.
Speaker 2 (18:53):
I've got Apple, like really, just that's the fund, it's
the fun stuff.
Speaker 4 (18:56):
And then yeah, I add things in all the time,
like we did a watch this episode. But some of
the things on the wash list, maybe they'll be coming off,
you know, maybe they'll be part of my satellite. But
these are like risky things that I'm almost it's not
a bet, but I'm putting it like I'm putting my
money there, going.
Speaker 3 (19:09):
Hmm, what's going on.
Speaker 2 (19:10):
I think this might pay off, and I care about it,
so I'm going to try.
Speaker 3 (19:13):
Yeah. I feel like one of the best things about
this core satellite strategy is that it actually makes investing
feel relatively simple, like it kind of takes the pressure off. Like, girl,
you can still have fun, but let's just like build
our little financial house first. Make sure she's safe at home,
and then we can go out to play because we
still have a home to come back to. Ye, and
you're not making hundreds of decisions every year about every
(19:36):
time you want to invest in. What that looks like
and is that worth rebalancing right now? Oh my god,
it's gotten ahead of me. I don't know what that
looks like. Like you've got a lot more structure. But
even with a really solid strategy, there are a few
things that I want you to be mindful of. And
like Brooks here to talk about the fun stuff, and
I'm here to be like, oh, let's get our shit together.
I'm also I feel like I have to put my
(19:56):
responsible X financial advisor hat on and be like, there's
like some things that you should consider really important. And
when you're following a core satellite strategy, I want to
know from your perspective before I dive in, what do
you think more people need to be more mindful of? Like,
what are things that you don't want to be doing.
Speaker 4 (20:14):
I think you shouldn't put all of your eggs in
one basket, So for like your satellite, you should be diversified.
So I have ten companies in the US that I've
invested in on my satellite side and I've got five
thematic ETFs, so I still have incredible diversification when it
comes to my satellite, and probably fifty percent of them
are not going to pay off, but fifty percent of
them might, So my overall growth might be like ten percent,
(20:36):
and still that's not performing better than my core.
Speaker 2 (20:39):
So understanding that.
Speaker 3 (20:40):
There's so much you can't pick the market.
Speaker 2 (20:43):
No, and we should just be happy with that average.
Speaker 4 (20:45):
So I think learning that the satellite is probably not
going to pay off in the long term for me,
and I should make sure that all of my focus
really but it's the importance of the core. Yeah, it's
like we should be happy with that market average. The
average of the market is returning is really good, and
we should be like, Okay, let's slay, let's keep out
money there, and yeah, we can have fun on the side,
but don't rely on that as your future wealth. Like,
(21:07):
you are not going to get rich overnight, and if
it does happen to you, you should be grateful that
happened to you, but that should not be what you're
gaining on.
Speaker 3 (21:13):
Like, yeah, and on the flip side, talking about the core,
I think that a lot of people own too many ETFs.
Speaker 2 (21:20):
Yeah, and there's overlap.
Speaker 3 (21:21):
Yeah, and they get excited about it. Maybe you heard
Brooke mention one, maybe you heard me mention one. Then
you go add it to what your portfolio is because
you just don't want to miss out.
Speaker 2 (21:28):
Now they're holding the same things.
Speaker 3 (21:29):
Yeah, So we need to make sure that there's not
too much overlap because a lot of people do end
up with a lot of overlap, which means you're holding
multiple ETFs the basically own the same feed.
Speaker 4 (21:37):
Stuff and you're paying double the management fees. So it's like,
can you find an ETF yeah, one or two or
three that hold different things that can diversify you even
more and you're not paying as many fees. Like if
you're owning ten ETFs that invest in the same thing,
that's great, but then you're paying one percent fee on
all of them. I means you're paying ten percent fees annually.
Speaker 3 (21:54):
So really, what are we doing here?
Speaker 2 (21:56):
You're losing money.
Speaker 4 (21:57):
So just niching down your portfolio to what works for
you and what is still keeping you diversified and in
the right risk.
Speaker 3 (22:04):
Ray and I feel like in twenty twenty five, lots
of people have lots of commitment issues. Ye like I'm
just saying that as an ongoing theme in the dating world,
but mostly in the investment world. And I think that
too many people are consistently tweaking their investment strategy because
something new pops up or something shiny is there and
they don't want to miss out in the game.
Speaker 4 (22:21):
Might just be have your plan and stick. So if
you did the investing maskas you know, we willlieve and
stick into that long term.
Speaker 3 (22:27):
Exactly, and you'll hear a lot of and this takes time,
so this is not something that immediately I think that
you'll get, Like you know, I think you have at
least twelve different investments, and so do I at this point,
just across a whole heap of things. And you won't
start that You'll start with like one ETF or maybe
even you go, look, I'm just going to start with
two atfs. I'm going to start with a Australian and
(22:48):
an international and like that. So that's where we all start, right, Like,
you can't just dive into having you will.
Speaker 2 (22:53):
Not be a lot on day one.
Speaker 3 (22:54):
Yeah, but what I want you to know is that
you know exactly about that investment, Like you could tell
me exactly why that's in your portfolio. Why that was
your field? You're confident that might change, You might go, oh,
in two years, I actually ditch that and something happens,
But like we've got conviction in.
Speaker 2 (23:11):
Our strategy toes down. Yeah, and so I think that.
Speaker 3 (23:15):
Not actually knowing what is in your investment or why
you actually hold it or I just picked it because
it seemed good, Like, yeah, you're not actually helping yourself
long term, and the other thing is going back to
being a magpie. So like, just you know, I feel
like so many of.
Speaker 2 (23:29):
Us stay in your line, stay with your plan.
Speaker 3 (23:32):
I love shiny stuff too, I am.
Speaker 2 (23:34):
We are all guilty of it.
Speaker 3 (23:35):
We send each other TikTok trends all the time. We
even quote them. It's borderline embarrassing. But like, don't get
caught up with the hypestocks or any TikTok trends or
like random thematics that you think are going to take
off but you actually don't know about that.
Speaker 4 (23:50):
Just because someone else is doing it doesn't mean it
would aligned to your portfolio. Like you made a plan,
stick with your plan for the long term.
Speaker 2 (23:56):
Yeah, give it a chance to pay off.
Speaker 3 (23:58):
So one more question before we go because make this
snappy so that hopefully we've got heaps of content into
the future. How do you know when it's time to
make a change. So now you've been investing, you've obviously
made lots of changes. Are there signs to look for
that tell you, oh, maybe broke, this isn't working anymore,
or maybe you need to make a change.
Speaker 2 (24:16):
Genuinely just believing in it. Like I just looked. Then
my beyond is down ninety seven percent. Sure, lo great, that's.
Speaker 4 (24:22):
Not great, But that shouldn't be well I should have
got rid of that, but it was my satellite and
it was under one hundred.
Speaker 3 (24:28):
Dollars see at this point, like side note, not only
if it's down ninety seven percent, why.
Speaker 2 (24:32):
Would you not just keep it? Or would you invest
a little bit more?
Speaker 3 (24:35):
Yes, So that's where I'm at, And I just like,
if it's down so much, I'm lokey like a hold
and just begrudging and away should tell.
Speaker 4 (24:42):
I'm but I think I think for me, I'm happy
to accept the losses and go, wow, great, I've had
a loss. This that means I'm going to get a
little bit of money off my tax bill.
Speaker 3 (24:50):
Okay, that's a good way to see.
Speaker 4 (24:52):
It, and I'm going to realign that money to somewhere
that I do believe. So maybe that money I'm going
to take and put into Costco because I believe in Costco.
Maybe I'm going to go that money in a door
beauty or a different company. I what, what are my
beliefs changing? Do I still believe in that company? Is
still price valued correctly? Like it's overvalued and I'm losing money? Gone,
it's gone?
Speaker 2 (25:11):
Yeah? Do I believe that they have longevity?
Speaker 1 (25:13):
Like?
Speaker 4 (25:13):
Am I looking at that company thinking, oh, ten years time,
you're still going to exist? No, Like if I blockbustered
my portfolio, I would have gotten rid of that. It
doesn't exist in ten years.
Speaker 3 (25:21):
And that's why we have to consistently look at it
and think critically about it and like the active manager.
But you can also see that I'm quite committed. And
I say that about Paradigm, and it's kind of like
a running joke because it's like a little bit funny
because you would think that someone as financially educated as
me would have already got.
Speaker 2 (25:39):
But you had an emotional yeah, and you're allowed that.
Speaker 4 (25:42):
So I think they're absolutely talk like that is good,
Like I've read it, and I've read it it was
to go down and probably would still keep it, but
it's up to sixty eight per cents.
Speaker 3 (25:49):
Absolutely, last question for you, and I feel like this
is something I struggle with. I know you've struggled with,
and a lot of people in our community have struggled with.
What would you say to people who have listened to
this whole episode but they still have right now analysis
paralysis over what to put in their portfolio.
Speaker 4 (26:05):
I think jes give yourself room to fail, like you
are not going to get it right one hundred percent
of the time.
Speaker 2 (26:11):
I've just read out a bunch of you that have
lost money. Do I feel shit about those? No, because
I'm learning.
Speaker 4 (26:16):
I have my core portfolio that I feel really confident in,
and I'm allowed to have a little bit of fun
on the side. I'm investing dividends. That's free money to me,
so that's not my money. Sure, I lost twenty dollars
on Beyond Meat, but who cares. If it went up
two hundred dollars, I would be like, Wow, that's really cool.
But I wouldn't have had that opportunity if I didn't try.
Speaker 2 (26:33):
So you can try.
Speaker 4 (26:34):
You can fail, but just do not bet your house
deposit on it, don't bet your whole life savings. Just
have a little bit of fun and make sure it
aligns with your risk proof. Yeah, you can invest with
five dollars. You can fractually invest.
Speaker 3 (26:45):
It's very sexy. Yeah, it'll actually invests on Cheesy's you can.
Brook Thank you so much for joining me. I think
for a lot of people, this episode is going to
be like the thing that finally makes investing feel like
maybe a little bit less chaotic and a bit more intentional.
So I appreciate it. Even if it was relatively chaotic
and short.
Speaker 2 (27:04):
That's okay. We do our best.
Speaker 3 (27:05):
If you loved this episode, please make sure that you
are subscribed. Leave us a little review like dm as
love notes, and I'll read them out on the Friday episode.
I'm happy to read love notes about brook out on
the Friday episode, even though she doesn't feature in them.
And make sure that you're subscribe to our show because
you won't miss the next one.
Speaker 2 (27:24):
And we posted on YouTube now too, we do.
Speaker 3 (27:26):
We have a whole YouTube channel. We know it's giving
two thousand and seven.
Speaker 2 (27:29):
I know I feel really fine editing those videos. It
makes me feel like I'm a YouTuber.
Speaker 3 (27:32):
I love it.
Speaker 2 (27:33):
We're back in that era.
Speaker 3 (27:34):
You just wait until I'm holding up like my makeup
compact to the mirror. And if you've got a friend
who's portfolio maybe could use a little bit of a
glow up, this is your reminder to send it their
way or.
Speaker 2 (27:45):
Running this episode to Victoria to mine.
Speaker 3 (27:46):
Oh God, paradigm, I'm coming for you. All right, guys,
We'll see you on Friday.
Speaker 1 (27:50):
Bye.
Speaker 2 (27:50):
Friends, did buy shared on?
Speaker 5 (27:58):
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not consider your individual circumstances. She's on the Money exists
purely for educational purposes and should not be relied upon
to make an investment or financial decision. If you do
choose to buy a financial product, read the PDS TMD
and obtain appropriate financial.
Speaker 2 (28:16):
Advice tailored towards your needs.
Speaker 5 (28:18):
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My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young
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(00:24):
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She's on the Money podcast acknowledges culture, country, community and connections,
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:44):
She's on the Money. She's on the Money.
Speaker 3 (01:07):
Hello, and welcome to She's on the Money, the podcast
that's here to show you that investing isn't just for
the rich, it is for you too. If you're ready
to start investing, but you're thinking where do I even begin,
this one is for you or maybe you've already bought
needed here for maybe you already own a few direct shares,
and you now have like a portfolio that feels a
little bit random. You're not sure if it's diversified. It
(01:30):
just feels a little bit chaotic. You're not totally clear
on what you're building, and you're just excited to be
starting to invest. And honestly, girl, you are not alone.
We have all been there. So today we are giving
your investing strategy a glow up. We are breaking down
one of the easiest ways to build a portfolio that
actually works. I'm Victoria Devine and I am a retired
(01:50):
financial advisor who is wildly passionate about getting more women
just like you to start building wealth through investing. And
with me today is someone who has quickly become a
favorite in our podcast episodes, especially our Investments every in
the office. Oh, your favorite in the office. That's nice.
Speaker 2 (02:08):
That's a nice.
Speaker 3 (02:09):
You are smart, you are strategic, and I am trying
really hard to yes, please don't tell my husband, and
you have built an investing portfolio that could have you
retiring by the time you are thirty five. Miss brook Green,
welcome back to the show.
Speaker 2 (02:25):
Thank you for the rule of the ah. I feel
like I Miss Jessica Ricky Jesse, it's Ricky.
Speaker 3 (02:30):
Everybody says that, But like every time you slide into
my DMS and tell me that I'm saying Jess's name wrong,
cheers for the engagement, Like, thank you, I appreciate it, illium.
Do you think that I am doing that accidentally? No,
it's not an accident.
Speaker 2 (02:44):
She's engagement farming.
Speaker 3 (02:45):
I have to say, our community loves hearing about your
investing journey. I think the idea of hearing from someone
who is a salaried employee who is working towards this.
Speaker 2 (02:54):
I'm working nine to five.
Speaker 3 (02:55):
Yeah, but it's also just really empowering because it's one
thing to hear from me, and then people go, but
like that's kind of not as relatable. You're a business owner,
and like you have so many different elements and things
going on. I think having somebody who's walking the walk
that really is relatable to our community is just making sense.
And we've had so many messages from people, and You've
(03:16):
been in the messages as well, because you just like
reading about yourself from people saying how inspired they are
by what you've built, especially knowing that you didn't start
out with a finance degree or a massive inheritance. You
were just like really consistent and really clear about your vision. Yes,
but today we're not going to be talking about like
the outcome or the results or performance. We're actually getting
(03:38):
into something a little bit more gritty, and we're going
to talk about strategy behind it.
Speaker 2 (03:43):
Yep.
Speaker 3 (03:44):
And we're going to talk about a specific strategy that
I believe both you and I employ. Yes, are you
excited for this? I am? Now, Brooke, I would say,
having poured over your investment portfolio, because I am nothing
if not perfect, I feel like.
Speaker 2 (03:59):
It's like it's ingrained in us to be nosy.
Speaker 3 (04:02):
Yeah, and like that's cool, that's market research.
Speaker 2 (04:04):
Yeah.
Speaker 4 (04:05):
Sorry, So if you guys want to send in what
your portfolios are, we'd love to look at them. Yeah.
Speaker 3 (04:09):
Absolutely. Unfortunately I can't provide you any but we will
just go thank you for showing me. Yeah, thank you.
It's like gossip, and the best type of gossip is
about other people that I have nothing to do with. Yes,
but your portfolio is relatively impressive.
Speaker 1 (04:22):
Thank you.
Speaker 3 (04:23):
Was that always the case?
Speaker 1 (04:24):
No?
Speaker 4 (04:24):
Oh okay, no, no, this is boring. I'm the average
retail investor. Like my portfolio was really boring and probably stupid.
If a financial advisor looked at it the day that
I started investing, I'm like, bro, what.
Speaker 2 (04:36):
Are you doing? But that's okay, chaos investor.
Speaker 4 (04:39):
Yeah, we do the best with the information that we
have at the time, and then as we get more educated,
we make better decisions that aligned with our financial goals.
Speaker 3 (04:46):
And we have to make some cleanup like and that's okay.
We can't be perfect, no, And I think so many
people are so scared to start investing because they're so
worried that they'll make the wrong decision.
Speaker 2 (04:57):
They're like, what if I have to sell it, You'll
never be perfect? Right time to start, and.
Speaker 3 (05:02):
It's all good, like try you know what, you can
sell something and you can get into something else.
Speaker 2 (05:06):
But like what you used to have. If you sell something,
you make a mistake, you can try again.
Speaker 3 (05:10):
I've done that.
Speaker 2 (05:11):
Yes, I've done that. I have paradigm.
Speaker 3 (05:13):
I've had shut up. I'm not getting rid of paradigm.
I have had sell down regret before and it happened
to the best of us. Rude, not too I'm getting
back into that. When did it actually click for you
that maybe chaos investing was not for you? And you
needed an actual plan. Was that like you bought a
couple of things and you were just hoping for the best,
and then you were like, hold up, yeah.
Speaker 4 (05:33):
I think realizing that, Okay, well, if I'm investing in
direct shares and I don't have lots lots of direct shares,
my risk is heavily weighted in one or two things
and one or two industries they probably mirror each.
Speaker 3 (05:44):
Other, so my risk is so so so high and confronting.
Speaker 2 (05:48):
It's really confronting it, especially as like a cause you
think you're doing a really good job and then all of.
Speaker 3 (05:52):
A sudden, I'm not.
Speaker 4 (05:53):
And it's like because of I'm a salaried employee. It's
like I don't have the money to splash around. If
I make the mistake, that's on me. Like, I'm up,
she'd creek without a puddle. So I needed to make
a decision that was less risky but still going to
provide me with growth options. So that's when we started
employing the call versus satellite approach.
Speaker 3 (06:10):
Yeah, I was going to tell them about that spoiler approach,
but I guess was there a moment in time where
you were like, oh, I probably should change this or
were you just like, I'm going to slowly work towards.
Speaker 4 (06:20):
This, like twenty twenty COVID times that was like my
real like, okay, this is I've got nothing else to
do except for TikTok and invest and that worked out
really well for you when worked out for me? Go
following on TikTok at splin, that's I'm going to make
that my own.
Speaker 2 (06:35):
Clip for myself.
Speaker 4 (06:37):
So I kind of started reading lots of investing things.
Then I joined a million one Subreddit says you probably
already know. Listen to podcasts. I listened to Shoes on
the Money, which is so funny. Full circle, and then I.
Speaker 3 (06:49):
Kind of realized, okay, I only indoctrinate people into my
employee least if you're like in the colt already.
Speaker 2 (06:55):
I would like it to be known that you followed
me first I did.
Speaker 3 (06:58):
She was scomo girl, I know you want to talk
about that. No, I didn't move on and talk about
a core satellite approach.
Speaker 4 (07:05):
So twenty twenty I chose that we need to switch
this up and we need to go let's pick some
core ETFs. So I tried to pick two or three
that aligned to my goals and then I did that
for a while, and then I introduced the satellite approach.
Speaker 3 (07:17):
Yes, so I think that that's where, thankfully, I have
kind of always been placed because I had that and
thanks with your meditation. And you know, a lot of
people are so worried that they'll make mistakes, but the
reality is like, just like Brook, you can make mistakes
and you can fix it. Yeah, and it's also like
not the biggest mistake because.
Speaker 2 (07:36):
You had the end of the the money. It as
much just a small amount of money.
Speaker 4 (07:39):
Like obviously, if you're a retail investor, you're not investing
one hundred fifty thousand dollars. I was investing like two
or three grand, and that was over a couple of years,
So like you might think, oh, that's a lot of money,
but it's like ten dollars a week. Yeah, so that
point Okay, well, okay, great, I've only invested two with
three grand, maybe I've lost seven hundred dollars.
Speaker 2 (07:53):
Who cares. I'd rather make the.
Speaker 4 (07:55):
Decision sell that off, enjoy the losses for my tax return,
and then begin and again with an approach that makes
a bit more sense of my financial future.
Speaker 3 (08:03):
Let's go back to because I'm trying to make this
like a little bit of a snappy episode because like
we can, we can, Yeah, we can, yeap. So we're
trying to get through this. Both of us have mentioned
that we have a core satellite approach. And if you're thinking,
what the heck, what the helly, what is going on here?
Speaker 2 (08:20):
What is that?
Speaker 3 (08:20):
Don't worry because we are going to break that down
for you. So I would say it's probably one of
the most popular strategies employed by financial advisors in Australia.
Like when I talk to other financial advisors, we all
kind of fall back onto the core satellite approach and
it sounds a lot more fancy than it is. But
(08:41):
like when we talk about core satellite, it's literally core.
Like think about the Moon and that's where majority of
your investments are going to sit. And then there's literally
a satellite and it's really small and it floats around, but.
Speaker 2 (08:54):
It's really space.
Speaker 3 (08:56):
Yeah, it's the International Space Station. We don't know what
the hell's going on there. That's why we don't try buying. Yeah,
we don't invest heaps, but it like sits a little
bit separate and that's where we can play.
Speaker 2 (09:04):
We like, that's our fun.
Speaker 3 (09:05):
Nothing on the moon. Now it's kind of boring, and
it should be boring, because that's what a good investment
strategy is. Low and slow of fun. Stuff's happening at
the space station and spin around and around, and there's
so much fun stuff going on there. But we also
don't want to put all of our money there because
it's risky. We don't know what's happening exactly. So floating
in space, why did you choose a course satellite approach?
I think I chose a course.
Speaker 4 (09:25):
Originally I started with just the core, and then as
it became a bit more knowledgeable and added things to
my watch list and change while I was investing in,
I was like, well, I really want to try investing
in thematic ETFs and some directions. Okay, but I don't
want to change my actual investments, Like I really love
what I've got going on here, but I still want
to dabble in that. So then I started introducing every
(09:45):
time I get paid dividends, I'd put that dividend money
into a different Breakeridge account so that I can then go, okay, well,
I will do my little satellite options over here, and
then I'm hearing in the news all these fun companies
adding those to my watch lists, and when I was
ready to buy, I'd check some money in, but it
was not big amount. It's under five to ten percent
of my portfolio. Like, it is not a lot of money,
but it's money that I'm willing to lose because I
(10:06):
do consider it a little bit more high risk than
my core.
Speaker 3 (10:10):
Yeah, and so honestly, the core satellite approach, I would
say is relatively ideal if you're a long term buy
and hold kind of investor, Like you want something that
is low maintenance but still gives you a bit of flexibility.
So your core or the moon is where your steady,
reliable growth without consistently checking in on the market happens.
(10:31):
And then your satellites that's where we have the fun. Right,
you invest in maybe something specific or your back a
theme that you care about, like your thematic ETFs, or
you lean into a little bit more risk paradigm without
it letting.
Speaker 2 (10:44):
That is not paying off.
Speaker 3 (10:45):
That's okay, but that's the point, but it's not hijacking
my whole portfolio because it's a huge light my retirement goals.
So your portfolio is basically like and I'm trying to
give you so many examples, so it just makes sense,
like not just for you, but like for everybody. And
it's like kind of like a capsule wardrobe. So like
your core is your staple pieces. They're like your jeans,
(11:07):
they're the really nice blazer that's well cut. It's a
few really nice like white t shirts. Like they're not flashy,
but they're the reason that your outfit works consistently.
Speaker 2 (11:16):
And then you're starting it with trend pieces.
Speaker 3 (11:19):
All these core things they literally go with everything, they
hold it all together, and they make getting ready in
the morning really easy, right, and then your satellite that's
kind of like your accessory. That's like the fun trendy card.
Again it is the line spy top is far out.
Don't even get me started on that piece of content.
The fun bag, the statement earrings, like you know, a
(11:41):
lipstick that you wear not going to be.
Speaker 2 (11:42):
In season forever exactly, it might work for you now.
Speaker 3 (11:45):
They add personality, they add interest, but only because your
basics are doing their job, because otherwise, can you imagine
if you would just trendy every single season.
Speaker 2 (11:54):
You would lose so much money.
Speaker 3 (11:55):
You would not only lose so much money, but like
you're sick of that stuff, like it's just not fun.
So the goal here, we're not ditching the fun stuff,
like we still want to have our little satellite investments,
but the primary purpose would be to build a strong
foundation first and then layer the extras with some intention. Yes, Brook, what,
(12:16):
in your opinion makes a good core portfolio?
Speaker 4 (12:20):
I think a portfolio that you don't have to worry about.
You should not have to wake up every day and think,
oh my god, the market's down. But then I like,
I feel really confident with my core portfolio. Like if
someone said to me tomorrow and what should I invest in?
Not that I would ever give anyone personal advice, but
I would be like, oh, well, god, high growth, this
is what I invest in, and I've invested in that
since I first started investing.
Speaker 2 (12:39):
I feel so confident in the mission.
Speaker 4 (12:40):
I feel so confident in what they invest in and
what's in that portfolio that I don't have to worry.
Whereas my satellite options, some of them, I'm worried about.
Speaker 5 (12:48):
Some of them.
Speaker 4 (12:49):
I think, oh, I probably should sell that stone because
I'm losing money. But that's the whole point.
Speaker 3 (12:52):
The core is you're reliable to be a little bit fun,
and it's not meant to impact goal.
Speaker 4 (12:57):
No, it's like really not going to change it. That's
not going to make me a millionaire tomorrow, I know.
But I can have a little bit of fun. I
could dabble, and I get to experience the highs and
the lows in the share market.
Speaker 3 (13:06):
I've got a few notes that I've written down, so
like for my core, I want it to be broadly diversified,
so we're not just going into one topic. All our
eggs are not in one basket. I want the fees
to be relatively low, so like for me that leans
more into an ETF or like index funds, so like
low management costs that then don't eat up a low returns.
(13:27):
I want them to be simple and consistent, so like
something that I can just regularly invest into, not think
about too much, Like I'm not stressed about it, no overthinking.
Don't need to consistently rebalance. Obviously, it needs to be
aligned to my long term goals and my risk tolerance.
So like you know, we joked just before about Vanguard
High Growth and which we both own, and that is
(13:48):
good for us, but like it might not be good
for others if you're not a high growth girallye God,
why would.
Speaker 2 (13:53):
You even consider be stressful for people?
Speaker 4 (13:54):
Because high growth fluctuates as well, even though it's still
lower risk than a satellite option, it fluctuates, whereas those
people might prefer something that is less risk less reward.
Speaker 3 (14:04):
Yeah. And then for me at this point in my career,
at this point in my life, I have realized that
a set and forget strategy is just better for me. Yeah,
and it's better for most people because we don't want
to over evaluate. We don't want to have to, you know,
be uncomfortable and think that we have to be in
it every single day. Like I'm sorry, I'm not a
financial adviser anymore. I do not have forty five hours
a week to look at investments consistently. Someone else can
(14:27):
do that for me. So I think I just love
knowing that it's doing its job over time consistently and
I can rely on it. Now we've covered the core,
and we're not done yet because the fun part is
coming up. Like I'm going to talk about the satellites.
The space station is coming and that's coming up next.
So after the break, we're going to get into satellite investments.
How to use them. How to personalize your portfolio without
(14:49):
accidentally blowing up your entire strategy, and we'll talk about
I guess what to include, what mistakes to avoid, and
how to decide if something really like deserves a spot
on the satellite space station because like we've talked before, Brook,
we have watch lists, Like we creep on things all
the time. Doesn't mean it makes it to the space station.
Things never make it off the world, absolutely, So guys
(15:09):
don't go anywhere. All right, we are back and it's
time to talk about the space station. It is time
to talk about she's on the space station, she's on
the satellite. So we're going to talk about satellites because
that is where your portfolio gets to be a little
bit interesting.
Speaker 5 (15:28):
You know what.
Speaker 3 (15:28):
Some people just have the core and they're fine with that,
Like they don't have satellite, Like you just go don't.
I don't care, Victoria, and you.
Speaker 2 (15:35):
Don't have to.
Speaker 5 (15:36):
Like.
Speaker 2 (15:36):
The thing is I think for us, we have a
satellite because we find the topic really interesting. It's really fun.
Speaker 3 (15:40):
For me.
Speaker 2 (15:40):
This is like a little hobby that I have.
Speaker 3 (15:43):
And I guess we mentioned earlier, like our core portfolio
is lifting.
Speaker 4 (15:48):
They exactly care about the satellite. If they never perform,
they never turn over. Great, what if I lost this
year five hundred dollars, I've lost five hundred dollars. But
the rest of my portfolio is doing what it intends
to do exactly.
Speaker 3 (15:58):
And I think it's like how many times have you
looked back at old photos and be like, what the
hell am I wearing?
Speaker 2 (16:03):
Why did I do mybrows like that?
Speaker 3 (16:04):
Don't even I get this point? I added on exactly,
like I am committed to the eyebrows, so we won't
go there. But like you look back on things and go,
why did I pick that? And that's why I don't
want satellite to be your entire strategy. Now. Satellite obviously,
and I'm just gonna hound this again. It makes up
a much smaller part of your portfolio. So like think
(16:26):
five to some people have thirty percent. I don't know
about you mine, or if I like group in my
satellite stuff, I would say that it's maximum ten percent.
But like, even of that, there's some pretty conservative like satellites,
and I just like group in your individual Oh no,
I group in my individual shares into that. So like
everything else is an ETF. But it depends on how
much risk you want to take on, and they are
(16:49):
I guess best used to complement your core, not we're
not competing with our core. And that's why we also
want to make sure like we fully understand what's in
our ETFs because I feel like super passionate about Apple
and you're like, I want that as part of my
satellite strategy. She's going to the space station. Go what
if you already double it into ETFs? Like that just
feels like a bit redundant, Like yes, you like following it,
(17:11):
but like.
Speaker 2 (17:12):
It's in your mote.
Speaker 3 (17:13):
Yeah, sorry, it's in the mote. So what actually counts
as a satellite? It could be what you were talking
about before Brook so like a thematic ets, like one
that focuses on clean energy or tech innovation, or like
you are talking about crypto infrastructure. It could be a
few individual shares in companies you genuinely believe in. It
(17:33):
honestly could be crypto. So I think a lot of
people are like, Vita, do you like crypto? And I'm
kind of like, well, it's not really my journey, but
if you want to own it, I would be having
a satellite. It like fits in there as opposed to
your core And basically it's the stuff that like reflects
your goals and your values and something that you just
like want a little bit of individual exposure to, Like
(17:54):
it's where the tea lives. So what kind of things
in your satellite right now.
Speaker 2 (17:58):
At the moment. A lot of my satellite is in America.
Speaker 4 (18:00):
I can give you some examples, and some of them
are random, and I've lost money on them, that's why
they're in my satellite. But they are just things that
I'm interested in. I like to pretty much just invest
in companies that I care about. So some things that
are in my satellite include Beyond, which I'm pretty sure
is like the Beyond beef, like the vegan foods that's
down like ninety seven percent, ok, so not an investing god.
(18:24):
A company called GRB Why I can't even remember why
I invested in that, but I did.
Speaker 3 (18:28):
It sounds like gravy.
Speaker 2 (18:29):
It sounds like gravy, and it's up one hundred and
thirty percent.
Speaker 3 (18:31):
So you're investing in fake meat and then gravy.
Speaker 4 (18:33):
Yep. I've got notice. I've got Reddit, which is up
really well. Like I love Reddit, I you know me,
I talk about it all the time, but I really
believe in that, so it's in my satellite. I've got Tesla,
which I don't necessarily believe in it at the moment.
I'm more a B white E girl, but I still
have it, so I'm not gonna sell it just yet
because it's lost some money. So I'm gonna wait a
little bit.
Speaker 2 (18:53):
I've got Apple, like really, just that's the fund, it's
the fun stuff.
Speaker 4 (18:56):
And then yeah, I add things in all the time,
like we did a watch this episode. But some of
the things on the wash list, maybe they'll be coming off,
you know, maybe they'll be part of my satellite. But
these are like risky things that I'm almost it's not
a bet, but I'm putting it like I'm putting my
money there, going.
Speaker 3 (19:09):
Hmm, what's going on.
Speaker 2 (19:10):
I think this might pay off, and I care about it,
so I'm going to try.
Speaker 3 (19:13):
Yeah. I feel like one of the best things about
this core satellite strategy is that it actually makes investing
feel relatively simple, like it kind of takes the pressure off. Like, girl,
you can still have fun, but let's just like build
our little financial house first. Make sure she's safe at home,
and then we can go out to play because we
still have a home to come back to. Ye, and
you're not making hundreds of decisions every year about every
(19:36):
time you want to invest in. What that looks like
and is that worth rebalancing right now? Oh my god,
it's gotten ahead of me. I don't know what that
looks like. Like you've got a lot more structure. But
even with a really solid strategy, there are a few
things that I want you to be mindful of. And
like Brooks here to talk about the fun stuff, and
I'm here to be like, oh, let's get our shit together.
I'm also I feel like I have to put my
(19:56):
responsible X financial advisor hat on and be like, there's
like some things that you should consider really important. And
when you're following a core satellite strategy, I want to
know from your perspective before I dive in, what do
you think more people need to be more mindful of? Like,
what are things that you don't want to be doing.
Speaker 4 (20:14):
I think you shouldn't put all of your eggs in
one basket, So for like your satellite, you should be diversified.
So I have ten companies in the US that I've
invested in on my satellite side and I've got five
thematic ETFs, so I still have incredible diversification when it
comes to my satellite, and probably fifty percent of them
are not going to pay off, but fifty percent of
them might, So my overall growth might be like ten percent,
(20:36):
and still that's not performing better than my core.
Speaker 2 (20:39):
So understanding that.
Speaker 3 (20:40):
There's so much you can't pick the market.
Speaker 2 (20:43):
No, and we should just be happy with that average.
Speaker 4 (20:45):
So I think learning that the satellite is probably not
going to pay off in the long term for me,
and I should make sure that all of my focus
really but it's the importance of the core. Yeah, it's
like we should be happy with that market average. The
average of the market is returning is really good, and
we should be like, Okay, let's slay, let's keep out
money there, and yeah, we can have fun on the side,
but don't rely on that as your future wealth. Like,
(21:07):
you are not going to get rich overnight, and if
it does happen to you, you should be grateful that
happened to you, but that should not be what you're
gaining on.
Speaker 3 (21:13):
Like, yeah, and on the flip side, talking about the core,
I think that a lot of people own too many ETFs.
Speaker 2 (21:20):
Yeah, and there's overlap.
Speaker 3 (21:21):
Yeah, and they get excited about it. Maybe you heard
Brooke mention one, maybe you heard me mention one. Then
you go add it to what your portfolio is because
you just don't want to miss out.
Speaker 2 (21:28):
Now they're holding the same things.
Speaker 3 (21:29):
Yeah, So we need to make sure that there's not
too much overlap because a lot of people do end
up with a lot of overlap, which means you're holding
multiple ETFs the basically own the same feed.
Speaker 4 (21:37):
Stuff and you're paying double the management fees. So it's like,
can you find an ETF yeah, one or two or
three that hold different things that can diversify you even
more and you're not paying as many fees. Like if
you're owning ten ETFs that invest in the same thing,
that's great, but then you're paying one percent fee on
all of them. I means you're paying ten percent fees annually.
Speaker 3 (21:54):
So really, what are we doing here?
Speaker 2 (21:56):
You're losing money.
Speaker 4 (21:57):
So just niching down your portfolio to what works for
you and what is still keeping you diversified and in
the right risk.
Speaker 3 (22:04):
Ray and I feel like in twenty twenty five, lots
of people have lots of commitment issues. Ye like I'm
just saying that as an ongoing theme in the dating world,
but mostly in the investment world. And I think that
too many people are consistently tweaking their investment strategy because
something new pops up or something shiny is there and
they don't want to miss out in the game.
Speaker 4 (22:21):
Might just be have your plan and stick. So if
you did the investing maskas you know, we willlieve and
stick into that long term.
Speaker 3 (22:27):
Exactly, and you'll hear a lot of and this takes time,
so this is not something that immediately I think that
you'll get, Like you know, I think you have at
least twelve different investments, and so do I at this point,
just across a whole heap of things. And you won't
start that You'll start with like one ETF or maybe
even you go, look, I'm just going to start with
two atfs. I'm going to start with a Australian and
(22:48):
an international and like that. So that's where we all start, right, Like,
you can't just dive into having you will.
Speaker 2 (22:53):
Not be a lot on day one.
Speaker 3 (22:54):
Yeah, but what I want you to know is that
you know exactly about that investment, Like you could tell
me exactly why that's in your portfolio. Why that was
your field? You're confident that might change, You might go, oh,
in two years, I actually ditch that and something happens,
But like we've got conviction in.
Speaker 2 (23:11):
Our strategy toes down. Yeah, and so I think that.
Speaker 3 (23:15):
Not actually knowing what is in your investment or why
you actually hold it or I just picked it because
it seemed good, Like, yeah, you're not actually helping yourself
long term, and the other thing is going back to
being a magpie. So like, just you know, I feel
like so many of.
Speaker 2 (23:29):
Us stay in your line, stay with your plan.
Speaker 3 (23:32):
I love shiny stuff too, I am.
Speaker 2 (23:34):
We are all guilty of it.
Speaker 3 (23:35):
We send each other TikTok trends all the time. We
even quote them. It's borderline embarrassing. But like, don't get
caught up with the hypestocks or any TikTok trends or
like random thematics that you think are going to take
off but you actually don't know about that.
Speaker 4 (23:50):
Just because someone else is doing it doesn't mean it
would aligned to your portfolio. Like you made a plan,
stick with your plan for the long term.
Speaker 2 (23:56):
Yeah, give it a chance to pay off.
Speaker 3 (23:58):
So one more question before we go because make this
snappy so that hopefully we've got heaps of content into
the future. How do you know when it's time to
make a change. So now you've been investing, you've obviously
made lots of changes. Are there signs to look for
that tell you, oh, maybe broke, this isn't working anymore,
or maybe you need to make a change.
Speaker 2 (24:16):
Genuinely just believing in it. Like I just looked. Then
my beyond is down ninety seven percent. Sure, lo great, that's.
Speaker 4 (24:22):
Not great, But that shouldn't be well I should have
got rid of that, but it was my satellite and
it was under one hundred.
Speaker 3 (24:28):
Dollars see at this point, like side note, not only
if it's down ninety seven percent, why.
Speaker 2 (24:32):
Would you not just keep it? Or would you invest
a little bit more?
Speaker 3 (24:35):
Yes, So that's where I'm at, And I just like,
if it's down so much, I'm lokey like a hold
and just begrudging and away should tell.
Speaker 4 (24:42):
I'm but I think I think for me, I'm happy
to accept the losses and go, wow, great, I've had
a loss. This that means I'm going to get a
little bit of money off my tax bill.
Speaker 3 (24:50):
Okay, that's a good way to see.
Speaker 4 (24:52):
It, and I'm going to realign that money to somewhere
that I do believe. So maybe that money I'm going
to take and put into Costco because I believe in Costco.
Maybe I'm going to go that money in a door
beauty or a different company. I what, what are my
beliefs changing? Do I still believe in that company? Is
still price valued correctly? Like it's overvalued and I'm losing money? Gone,
it's gone?
Speaker 2 (25:11):
Yeah? Do I believe that they have longevity?
Speaker 1 (25:13):
Like?
Speaker 4 (25:13):
Am I looking at that company thinking, oh, ten years time,
you're still going to exist? No, Like if I blockbustered
my portfolio, I would have gotten rid of that. It
doesn't exist in ten years.
Speaker 3 (25:21):
And that's why we have to consistently look at it
and think critically about it and like the active manager.
But you can also see that I'm quite committed. And
I say that about Paradigm, and it's kind of like
a running joke because it's like a little bit funny
because you would think that someone as financially educated as
me would have already got.
Speaker 2 (25:39):
But you had an emotional yeah, and you're allowed that.
Speaker 4 (25:42):
So I think they're absolutely talk like that is good,
Like I've read it, and I've read it it was
to go down and probably would still keep it, but
it's up to sixty eight per cents.
Speaker 3 (25:49):
Absolutely, last question for you, and I feel like this
is something I struggle with. I know you've struggled with,
and a lot of people in our community have struggled with.
What would you say to people who have listened to
this whole episode but they still have right now analysis
paralysis over what to put in their portfolio.
Speaker 4 (26:05):
I think jes give yourself room to fail, like you
are not going to get it right one hundred percent
of the time.
Speaker 2 (26:11):
I've just read out a bunch of you that have
lost money. Do I feel shit about those? No, because
I'm learning.
Speaker 4 (26:16):
I have my core portfolio that I feel really confident in,
and I'm allowed to have a little bit of fun
on the side. I'm investing dividends. That's free money to me,
so that's not my money. Sure, I lost twenty dollars
on Beyond Meat, but who cares. If it went up
two hundred dollars, I would be like, Wow, that's really cool.
But I wouldn't have had that opportunity if I didn't try.
Speaker 2 (26:33):
So you can try.
Speaker 4 (26:34):
You can fail, but just do not bet your house
deposit on it, don't bet your whole life savings. Just
have a little bit of fun and make sure it
aligns with your risk proof. Yeah, you can invest with
five dollars. You can fractually invest.
Speaker 3 (26:45):
It's very sexy. Yeah, it'll actually invests on Cheesy's you can.
Brook Thank you so much for joining me. I think
for a lot of people, this episode is going to
be like the thing that finally makes investing feel like
maybe a little bit less chaotic and a bit more intentional.
So I appreciate it. Even if it was relatively chaotic
and short.
Speaker 2 (27:04):
That's okay. We do our best.
Speaker 3 (27:05):
If you loved this episode, please make sure that you
are subscribed. Leave us a little review like dm as
love notes, and I'll read them out on the Friday episode.
I'm happy to read love notes about brook out on
the Friday episode, even though she doesn't feature in them.
And make sure that you're subscribe to our show because
you won't miss the next one.
Speaker 2 (27:24):
And we posted on YouTube now too, we do.
Speaker 3 (27:26):
We have a whole YouTube channel. We know it's giving
two thousand and seven.
Speaker 2 (27:29):
I know I feel really fine editing those videos. It
makes me feel like I'm a YouTuber.
Speaker 3 (27:32):
I love it.
Speaker 2 (27:33):
We're back in that era.
Speaker 3 (27:34):
You just wait until I'm holding up like my makeup
compact to the mirror. And if you've got a friend
who's portfolio maybe could use a little bit of a
glow up, this is your reminder to send it their
way or.
Speaker 2 (27:45):
Running this episode to Victoria to mine.
Speaker 3 (27:46):
Oh God, paradigm, I'm coming for you. All right, guys,
We'll see you on Friday.
Speaker 1 (27:50):
Bye.
Speaker 2 (27:50):
Friends, did buy shared on?
Speaker 5 (27:58):
She's on the Money is general in nature and does
not consider your individual circumstances. She's on the Money exists
purely for educational purposes and should not be relied upon
to make an investment or financial decision. If you do
choose to buy a financial product, read the PDS TMD
and obtain appropriate financial.
Speaker 2 (28:16):
Advice tailored towards your needs.
Speaker 5 (28:18):
Victoria, Divine and She's on the Money are authorized representatives
of Money.
Speaker 2 (28:23):
Sheoper Pty Ltd
Speaker 5 (28:24):
ABN three two one is six four nine two seven
seven zero eight AFSL four five one two eight nine
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