Hey there podcast listeners welcome to talking wealth the show where the wealth within team are on hand to teach you how to become a more confident, competent and more importantly, profitable trader or investor Wealth within was voted # three for stock market podcast globally In 2018. So I hope you enjoy listening. We cover topics from trading to investing as well as wealth creation to ensure you can achieve your financial goals because as we always say, lifestyle matters as a global leader in stock market education, you can fast track your journey towards financial freedom by studying with wealth within. If you'd like more information about our government accredited courses or to listen to more Talking Wealth, podcast head over to wealth within dot com dot au and click on the Talking Wealth podcast under the learning center, Please note that the information in this podcast should not be considered personal financial advice. Hello and welcome to talking wealth. I'm Dale Gillham, the chief analyst here at wealth within today.

I really wanted to get into a podcast that just popped into my head, what are people searching for when they looking to understand the stock market? Because the last 18 months since early last year, 2020, there's been so many new people entering into the stock market and wanting to invest and build portfolios, etcetera, etcetera. You know, with stay at home orders and, working from home, all of that sort of stuff that's been happening because of Covid. And I thought, well I'll just type in some words into google. And so the words I came up with were the best investing advice. That's the three words I put in. I just typed into google best investing advice, that is it. And what came up was quite actually interesting now, to me everything is actually in context, but I did say investing advice, the best investing advice, it's not necessarily stock trading advice, which is my expertise. So I do need to keep that in context, but we also need to take into account the context of the website and the articles.

We also find us all too often, you know, i if people believe something that they have read or they quote things out of context, and I'm going to share some examples as we go through because I find, you know, with traders or people that tell me their traders, they start talking about something, I'll go, well, do you know, that's not in the right context that you're using it for x, it's actually should be for y, or that's an investing technique, and you're trying to talk, put it into trading, or that's a trading technique and you're trying to put it into investing. And so, and people don't understand, they're putting things into these wrong context, so it really does. Um auger for anything. you look at, whether it's on the web or whether it's doing, how courses or whatever you're doing is to basically say, what is the intent of this, So what's the person sharing this information with me, whether it's, you know, Youtube, Twitter Instagram, Pinterest, Tiktok, whatever that is. What's, what's the context there and and how do I fit that into the context of what I'm trying to do?

Just don't assume because somebody said something or they've shared this was being technique that they tell you that works to make you more money, that it's going to work in your context. That's really what I'm trying to say here. So I'm going to share with you three websites that came up and the things that they said, and the first one that came up was um well, the answer was 10 best investing tips for people who don't follow the market. So it's investing tips for people actually don't follow the stock market. Um And this was on the Fool dot com website, whether you like it or not, it's up to you. All that website, it's up to you. But they had their 10 tips for investing people and I'll just quickly go through the top 10, 1 is set in investing. Budget. Number two is invest regularly with a little bit of a little bit at a time. Number I didn't write down number three, I missed number three, so I just realized that number four invest in the S and P 500 index funds, number five, keep your expense ratio low, avoid individual stocks if you don't want to do the research get started as early as possible.

Keep a long term perspective, don't start following the stock market just because it crashed. Um number 10. Look around for investment ideas. So that was the 10 tips. Well nine. Really? Because I forgot number three, I'm sorry about that. But you can go and just google to invest, investing tips for people who don't follow the market, You'll get to the Fool dot com website and it'll be there. So you better. That's your homework. How's that to find number 3? So In terms of context as is that it's investing advice. Would I follow all those 10 tips? No, not a hope in hell that I'd follow all those 10 tips because they don't relate to me as a trader or more active investor. That's what I'm saying. So I said investing budget. I agree with that and not necessarily in terms of knowing your limits, but it's also like what kind of money you're putting into allocating to investing. Don't muddy the waters. So you don't have a pool of money in a bank account and then you're using it for your car and all sorts of other things or other holidays and then have a bit of it for investing.

You have your investing in a separate spot. So that's the budget you pushed through to their and generally it's like a cash management account, you put your money into something like that. So then you would link it to like a trading account for stockbroking account. So you allocate your cash to there. And you also may use other things like if you're not intending to intending to be out of the market for a bit, you may use turn deposits and all sorts of other things that you may want to use the cash products if the interest rates attractive enough for you. But again, it's about segregating what's lifestyle, what's investing? That's really all I'm saying is so I understand that it says invest regularly a little bit of the time. And to me this is something that Everybody should be doing no matter what. It doesn't matter whether you're 18 or 80, you should be always allocating some of the income that you get to putting that into investing. So I totally agree with that. And it's one of the two things out of all the three websites setting and investing budget investing regularly. Two of the things that come up on all three of those. And so to me, if you're not putting money away regularly and please do not say I've got superannuation and my employer pays the whatever percent into my superannuation, that's a cop out and I'm sorry if that is hard, that's a cop out, it's happening without you thinking about it.

And yes, it's investing regularly and a little bit at a time, but that's not what I'm talking about and I'm probably guess that's what they're talking about on that website to it's about. What are you getting income and then you taking that out and putting it into investing. So whatever you earn bare a minimum, you should be able to do 10% bare minimum. If you're not doing 10%, then I suggest you go back to step one and use the word budget and look at the budget because I can guarantee you there's almost nobody living on this planet that I can't find spare cash for to put away to investing. And I've had people, you know, on pensions, single mums, pensions, you name it, you name it, that we've been able to work and work with and help. And there are a lot of places out there to do the same thing in terms of budgeting and helping people free up capital, because often there's always, what should I say, leakage into things that you could not do that you just really won't miss. But the value of investing will help you again.

So, again, so investing regularly a little bit of time. That's number two. Number three, is we forgot that one. Number four invest in S and P index funds have been The context is 10 best investment is for people who do not follow the market okay. And maybe you want to do that. I disagree with that. I don't like index funds. If you don't follow the markets, you can still just by the top 10 stocks and fall asleep and come back in 10 years time and make money. That's what my book How To Beat The Managed Funds. Talks about. You know, there was one Scenario winter where defended for those you've not read it. I analyzed the top 20 stocks on Australian market from around 1999 through the 2010 of my first Iteration of that book. And then I've taken it further another 10 years. But basically in the first iteration the book Like took the top 20 stocks in order that the ASX gave them to me which which I believe in market capitalization order at the time. And I remember getting a fax. I even found the piece of fax role that they put it on and fax it to me that's how old that book is not that it's not valuable.

It's super valuable. Still even everything in it is still valuable to today. But all I did was number them 1-20. That was pretty simple. No intelligence needed for that. And then I took all the odd numbered stocks and put them in one portfolio and all the even numbered stocks, put them in another portfolio and track the returns for 10 years and we kick butt on the market and well over beat the market returns. Then what I did is another really smart thing. I had those two portfolio of 10 stocks and I number them 1 to 10 and did exactly the same thing. So now I had four portfolios with five stocks in it with zero analysis and again tracked them for 10 years and again, the same thing happened way outperformed the market. So why do you need an index fund when you can do that without any brains? And that was just buy and hold. That's all it was. So again, you may choose to use an index fund. I don't like them. But that's your choice. Number five, it says keep your expensive ratio. Basically they're talking about fees, keep your fees low. And if you're not going to follow the mark and be active, well then that's probably one thing you should be doing. But don't Put that as the # one criteria, performances should be. If you're getting a good product with good performance, then it's the expenses are not necessarily critical, but they are important.

I'm not saying they're not important, but don't make that your number one criteria, that's all this is, I got commission free brokerage. No, that's not important. Okay. And I know some people go, well, why not? I'm not paying anything but you are paying but You don't know how you're paying. That's the only question on that one. But in terms of a mutual fund or an ETF something like that, you manage money to have something like that. You need to do. Look at those fees. But again, it's about, what are you returning? For example, if I said to you, I'm going to charge you 10% to manage your money, you're going to go Dale. Why are you doing that? That's huge. Everybody else is at 1%. I go, yeah, but I'm going to make 100% a year. You're still unhappy. No, you're not because it's all relative is if if the return is much more than the cost and it's reasonable Then you go with that. But if I said to you I'm going to charge you 10% and I'm going to make you 11 and you're not going to go with that. That's what I'm talking about. So you know, somebody's going to charge you 0.5% 1% to manage something or a portfolio for you. Like an index fund or something like that. And it's only trudging along just with the market then then it could be you're paying half a percent for nothing when you could just be buying the top 10 stocks and not paying any extra fee once you bought them until your time you decided to sell them.

So look at those. So I agree with that. Number six, avoid individual stocks. If you don't want to do the research, I'm about 50 50. I'd look I still think by my first book you can still get it for free. You just got to pay the shipping, go to our website, top left hand corner website, there's a button there say bang hit on that. You pay the ship and get the book. You don't need to do any research. As I said before by the top 10 stocks make some money done. So, but a sort of agree with that. If you're going to be buying all sorts of different stocks and looking at mid caps and low caps and speculative stocks and stuff like that, if you're not going to do the research, stay out of it, you really do need to look after yourself. So really understand why you aren't buying and selling stocks. Number seven get started as early as possible. Totally agree with that. The quicker you start, the better, the more it compounds, the more money you make. And it's amazing how many of our students and graduates tell us they should have started years ago and if they realized how easy it was and how good it was and how powerful it was, they would have done things years ago. And I even, I just saw a post or comment on our Youtube channel from one of our graduates. Students don't even know whether it's graduate and I didn't even know his name.

I don't know what student it is. And they said they were quite hesitant to do the course prior, but now they're doing the course or haven't having completed the course they didn't say, but now they're in the course, they realized this, the depth that they didn't know they thought technical analysis was something, but now they understand it's completely different or a lot more underneath that surface. So you really don't know what you don't know. So against getting started as early as possible to help you understand more, which will make you more profits which will compound more, which will make you in turn a lot more profits. And that snowball Kicks # eight. Keep a long term perspective to me. I just think be persistent and consistent and if you start managing a portfolio, just aim to keep managing it for the rest of your life. Is that long term? Yeah, probably for most people, but don't invest in anything that's a long term investment, especially in the stock market. Yes. Property, not so much stock market. So keep that in context. Number nine don't follow the stock market just because it crashed absolutely agree with that.

One year after the covid low, people jumped in made some really silly mistake because the worst but they actually make a statement and this is when I don't agree with it said, the worst time to start obsessively following the stock market is right after its crash. I think that's a lot of B. S. This is the best time. It's like Buffett says buying doom selling boom when you should you want to look at the stock market. And but I also think you need to be really, once the stock markets crashed is a great time to get into it and to look at it? So I disagree with that. But you don't do that as a knee jerk reaction Like so many did after Covid. They just jumped in thinking they were doing things all ships rose on the rising tide out of the Covid low, which was completely unexpected. So if you made money out of the Covid low, well done, it was a gamble and it was, you got lucky, it's not going to happen like that all the time and you're going to give money back to the market and more now you'll be struggling so learn before it crashes down afterwards. And that's to me playing Boy scout, be prepared. That's what you need to be doing. Number 10. Look around for investment ideas.

Okay. I can cope with that always looks for good investments and I would agree with that one and whether that's property shares or whatever else it is. Always look around for good investments. The next website I wanted to bring up was pretty quick one here was actually a Forbes website Forbes dot com and it's the best investing advice for 2021. That was the second one on the list. I think definitely the second one on the east It said ignore predictions about what the market will do in 2021. I don't agree with that one because end of the day. I know people asked in an high all the time. You know, we think the market is going to be excellent, where do you think this stock is going to be in medium and long term? Where does? And people want certainty And they want to hear those predictions. Does it mean to ignore them? Know is somebody like john and I was saying, I think this stock will go up or go down? Is their weight in what we're saying? Yes, there is. Is there some sort of relevance in what we say? Yes, there is. Are we going to be accurate all the time? No, we're not. Are we going to say something at times on a stock or a market saying we're going to do this?

And it does the opposite. Yes, that happens. And has happened during the covid low, I'm enough for a while there. I kept thinking, well, my analysis kept saying it's got to go down, but it just kept going sideways. It was not going down, but it wasn't really going up. So whilst I was saying, I thought the market would go down for a period of weeks down 8 to 12%. It just didn't do that. Will it do it? Yeah, eventually it will. But it wasn't doing when I wasn't expecting it. But it doesn't mean to ignore the advice. No, the advice is still solid because if the market falls away and you're an active investor, you may need to be ready to sell. So it's better to give you that. But should you ignore it? No, but should you be prepared to get into it? Because I always said all way through that right now, I think the market will do this, but it could go up and some people post and they go, they'll make a decision, tell us which one way or the other. That's not what investing in trading, it's about. And if you think that, then I think you need to have some lessons because it's always about the market can go up down and sideways, it can do that. So you need to understand if it does X.

Is it going up if it does, why is it going down? And it does Z. Is it doing this? And you need to have strategies around that? It's not just about, well, I think it's going to go up and that's my definitive opinion. And if it starts to go down, I don't know what to do. That's not smart. You need to have what happens if if and what happens if, why that's really what you need to do it. It's always going to go up or down or sideways. Okay, So don't ignore, ignore prediction. Not necessarily agree with that one. But I understand why they put it there because a lot of people speculate, they asked to say markets don't care what the calendar says, Well, they don't mark, it's just, I don't care how good looking you are or how intelligent you think you are or how much you think, You know, they just do what they're going to do regardless. And I know I've been bitten by the market in the past and I'll get bitten by it again in the future, so if you get arrogant or overconfident then you're going to get bitten. They also say investing is a continuous process and every investment cycle occurs in its own time, not the time we would like to see it. Absolutely, 100% agree with all of that.

I think that's a great statement. Um and the person says, I see too many people trying to force things to happen in a specific time frame and again, 100% agree with it. I get people saying to me, I've got this much in the stock market and I've got these five shares. Do you think they'll be good in the next three months because then I need to sell them to pay for a house, I don't do this or pay for my education and I have people, do you think this stock will do this by this time because I need to sell it and make some profit so I can buy this or pay for this and you can't do that seriously, you can't do that, can I do, see too many people trying to force things to happen within a specific timeframe stay with the stock while it goes up, get out while it's going down, whatever the timeframe is, that's what it is. So that was it for the Forbes website, the last one I wanted to talk about in this podcast was one from a website called the investors way. Never heard of it before, but it was up on the top of my list, I said Google and so this was 12 investing tips for more money and well, so the title was pretty cool and it's at my top 12 investing tips.

No one education comes first, well I can't argue with that, can I, investing money is not something you should dive headfirst into, that's what they're saying and I agree with you, it's like education is the progressive, progressive realization of our ignorance. That's a comment from Einstein and yet so many people ignore it, they start investing without knowing what they're doing. They have this delusional part in their brain says, I know what I'm doing because I watched this stupid Youtube video with this young kid that's telling me how to make a million dollars using this whiz bang technical analysis technique and no, get a good education and there's a difference between knowledge and understanding and information and education. That's what all sort of talked about earlier with this student who posted on the Youtube channel is really if your underlying, getting the underlying meaning of what he was talking about, it's like what he thought, he knew, it wasn't actually the reality until he got through into the depth of what we do. So I have so many people telling me they're a trader but then when I start asking them how do they trade, what's your analysis?

All I start to get is, Yeah. Well I do and you get the picture so education comes first number to get financial advice. Dash not in capital letters. This is again the 12 investing tips for money and wealth on the investors way website. Now it goes on for that one. Get financial advice not for too long. People have outsourced their wealth creation to others and the results have been less than impressive. Can't argue with that one can I? And I get financial planners telling me the same thing that I was interviewing a financial plan in the U. S. Only a couple of weeks ago and he said well what value is your advisor are they adding value over and above what the market's doing? Are they just getting success or perceived success? And we're seeing this at the moment people. And we've had somebody only two days ago saying as well I'm doing really well my portfolio and we said well who's managing it on my advisor. And we said well what kind of returns are they getting? Are they just riding on the back of the market? And the answer was yes. So what value over and above what you would normally do for yourself, what the market's doing are they are they giving you?

And that's really what this is saying to me get financial advice, not don't you don't need to outsource your wealth creation, but you do need it in specific areas. So you do not, you know, things like a state planning and all sorts of other things you do need. So you do need a good financial advisor. So I don't blanket agree with the statement, but I do disagree with people just blindly just throwing their money at advisors and hoping that they're going to look after them and more hoping they're going to look after me in a downturn. That's when advisers really the would you see the wood for the trees and what a good advisor is, It's about protecting and risk. That's what they should be really good at Number three, don't invest your money or don't invest money you need for a living. And it goes on to say you'll see many times the notion of saving a percentage of your wages for investing purposes, invest what you can afford to and no more. And I love that statement, don't invest money you need for living. And it's really what I was saying a little bit earlier on the first, my comments on the first website and it's also about the time frame thing as well in terms of don't expect an investment is going to do X in a timeframe, especially the stock market or the property market because you do really need to let something grow.

And by hold it till it till it exhausts itself in theory and then you exit and get into something else that will rise until it exhausts itself again. So again, don't invest money you need for living. And, and I've had so many people don't invest money if you signed a contract to buy a house, do not put the money into the stock market, hoping you're going to make a mozza in the three months of the 90 day settlement do not do that. That's just plain stupidity in my book. So, and you know, if you want to, if you've got money that's been put away for your university education, you know, don't put it in the stock market if you need to pay your tuition every year, just be careful, be really, really careful. Number four invest in what you're familiar. I like this statement by starting where you're familiar, you build confidence and skills to move into other assets as you progress, totally agree with that. And again, we've seen a lot of people caught out with that with the covid people just jumping into the stock market and they weren't familiar with it. And then there's been a lot of people get burnt.

We saw that with that Robin Hood out. People got burned big time because they just weren't familiar with it. You can go back to number one, Education comes first. Number five, start investing right now. That's a familiar one, isn't it? Do it now get started and I hope you would, if you're not investing and putting money aside and setting a budget for investing and doing it. If you're listening to this, I'm assuming you're pretty interested in learning and getting started to build in a while. So I start right now, Number six set a goal and realistic expectations and he says, decide how much money you want and by when and calculate what it would take to get there. So it's pretty simple if you say to me, I need half a million dollars in retirement, okay, So then you break it down from that and that's the goal and realistic expectation, if you've got, if you've got $10,000 and you're going to retire in threes, I think that's a bit unrealistic. But if you're 30 and you want half a million dollars at 65 really, really easy to figure out. You can go to the ASic Money smart website and their compound interest calculator.

So just type in ASIC compound interest calculator and it will come up and you can go, okay, so if I start with $10,000 now and I'm 30 and I want to retire 60. So that's 30 years and I add $2000 a year to that. What's the end result if I get 7% per annum and it'll tell you and calculate it all for you. So then you know what you gotta do, you gotta start with 10,000 you've got to put $2,000 a year into it and you've got to achieve at least a 7% return that you kind of compound. So now you've got a starting point. So do that. Set a goal and be realistic. # seven invest for the long term. Again, another one for the long term. To me again it's about consistency and persistency. So regardless of how long that is, number eight diversify your investments and this is a new one and diversify what they say diversified men spread a spread of stocks, property, fixed interest and even a business if you're interested. So I like that. So it's not just diversifying your stocks, it's diversifying your investments. I do like that statement. They're going to say Warren Buffett once said the diversification is for people who don't know what they are doing.

Now this is a real comment or quote a lot of people take out of context with Buffett. So basically he's saying that big into town talk about diversification. But if you know what you're doing like our students that do our courses, I don't need to diversify because they understand what diversification is and they're protecting and managing their risk properly so that they'll get better returns. But if you one of those people that's like the first one said you know just buy for the long term and forget about it basically that sort of stuff if you're one of those people when you need diversification because diversification will squash the volatility of your portfolio meaning they'll squash the downside and the upside you won't get a fantastic return. But that's what you get. But Buffett doesn't diversify and that's what he's really saying. So to me another buffet quote that I believe people really do take out of contact is when he said that he wanted his trust When he passed away to invest 90% in etfs linked to the s. p. 590 10% in cash a lot of people think that buffet invest in it.

Yes. Well he doesn't if you look at Berkshire Hathaway's portfolio I don't think I haven't seen an ETF in it but I could be wrong I'm not seen one. But he tells everybody else too invest in ETFS because then goes back to his first statement diversification of people who don't know what they're doing. And Buffett thinks most people don't know what they're doing. So they should invest in an index ETF like the S. And P. 500. So when he's passed away who's going to manage the portfolio. So that means thinking well to see that means then the advisor that he's going to run he's trust He's thinking the adviser doesn't know what they're doing. So they should just invest in the s. p. 500 but then are they value adding value to that and why would you pay them to do that because his wife could just do that or whoever is the beneficiary of his trust, just Get an ETF in the S&P. themselves, couldn't they? They could do that as well. So don't necessarily take things um You need to you need to keep things in context to really what I'm saying. So Buffett is of the opinion that most people don't know what they're doing, so just get an index fund, that's what you should be doing.

Um And that's okay and I agree with that if if you don't know what you're doing, you really shouldn't leave it to chance and you're better off with an index fund that just matches the index. Oh I say. Is that Even just reading my book how to beat the managed funds by 20%, you can do shed load better than that with not a lot of effort and not a lot of knowledge and not and it doesn't take much time. Doesn't listen it's no risk. You it's actually less risk for you and I explained that in the book, but my second book also accelerate your wealth examines that as well and for those of you who listen who are listening in the USA you can get my book accelerate your wealth just on amazon it's there and there's a pdf version or what they call it? A Kindle version of it, you can download There as well. Number nine on this one, avoid unnecessary risk. I like that. Don't take high risk then you don't need to. That's really what it says to me. So I don't trade speculation And that's what a lot of people have done over the last 18 months. Is there speculated on the market when they don't need to? They or they were blissfully unaware of all the risks that they were taking and things like so many people trade futures or FX currencies and they've got They have an infinite number one.

They haven't got an education first. So they're taking huge risks and don't realize the market they're going into and war. Why are they going to lose? Why the high probabilities that they will lose. So I don't do that. # 10. Never make emotional decisions. I love that one. And people do this all the time. They don't follow that rule. Never make emotional decisions. Your thoughts lead to your feelings, your feelings lead to your actions and your actions lead to your results. Pretty simple. I think that's a great statement. I think you should put that, Print that up, type it out. Print ups to get on the top of your computer. Never make emotional decisions. And I was only chatting about that too. A trader the other day saying that when I am trading, you're sitting down, you're squashing your diaphragm. You're looking down. So it's more looking, you're more in a more of a can I say the physiology of a more depressed state. If you're sitting down squash, you're not breathing deeply and you're looking downwards, it's really more the state people get in if they're a bit more depressed. So if you see a trade there or an entry into a trade or an exit, stand up, walk around and get some long oxygen in your lungs, walk around for 10 minutes, an hour or whatever it is and then come back and stand there, look at your computer and go, yeah, the trade still there, then sit down and do it because then you're not making an emotional decision, you're making a rational, well thought out decision based on rules.

That's what we'd suggest you do Number 11 investing is for every 100% agree with that. I don't think you need to be Einstein or a genius with mass degrees in science degrees and all sorts of other degrees in economics degrees to be a really good investor Or trader. We have taught literally people that have had very minimal education. I'm talking in nine to be successful traders. So we've taught people that didn't even know what right click on the mouse was to be successful traders. So whatever you think the limitation, you might think you have as to why you may not be able to be a good investor, a trader, I'm pretty sure I can smash that and not, I can get rid of that because we've already had somebody that has is or has been worse off you from people who are legally blind quadriplegics, people with Asberger's, you know, you name it, we've had deaf people. So whatever you think, why that's the reason why you can't invest and or trade then I'm sure we can break that one down for you and get you started and get you doing it successfully.

So they go on to say investing is something everyone can and should learn how to do. It's your money and your future that we're talking about. So to me who do you trust the most you could learn how to do it. Number 12 and the last one invest regularly constantly. We've talked about that one. So I think so there's a few, there's there's about four that go over or repeated. Set an investment budget, budget invest regularly in a little bit of time. Get started as early as possible. Keep a long term perspective. So that's really what it is those investing kids but do this yourself, google best invested into its best stock market tips and have a look and think about it in context. I said it's quite interesting little exercise. So hopefully you enjoyed my take on my google search, which was best investing advice. That's all I typed in. So but again, get to our website if you want to find out more about us what we do our courses, just go in there. You can still get my first book for free. You guys got to pay the shipping top of our websites on the left click the button, you'll get it all happening from there.

If you can't figure that one out, just give us a call and we'll send it out to you. But anyway, Hope you're staying safe. Hope is staying well and really keep your attitude because right now is an amazing time to really do things for yourself, to really do things that you have always wanted to do, but maybe never allocated the time for. So Covid treat Covid is an opportunity to expand and develop and get better skills do and not necessarily reinvent yourself, but you know what I mean? And that's what I'm doing. You know, like I've been saying, I've got three guitars that were sitting there for a while and I hadn't played him for a long time and cov lockdowns come again. I go, no, I've always wanted to go back and play my guitars, but I kept making excuses. I've got to do this. I've got to do that. I've got to do that. I've got a record another podcast for everybody on our channel. But now I'm taking the time and it's quickly how it happens. You know, my skills are getting right back up to where they were before and I am and I've got a goal, I want to buy a $4000 guitar.

Once I've proven to myself that I can play a song that my wife likes, how I've played it, if that makes sense. So I've set a goal and to me it doesn't matter the amount, whether it's $400 or $40,000 it's whatever the goal is. So you use Covid as an opportunity, don't sit there and get frustrated, anxious or even a lot of people are being depressed now it's time to take action to refocus and get that space around you and do what you want to go after all. How many netflix shows can you watch anyway? Thank you for listening to talking well timed Argyll and the chief analyst here at wealth within You. Take care and talk to you next time. Thanks for listening to this podcast is brought to you by wealth within a global leader in stock market education for more information on our courses or to listen to more talking. Well, podcast. Head over to wealth within dot com dot au and click on the talking while podcast under the learning center mm