Australian Investors Podcast

Are bonds finally worth a fresh look? In this Australian Investors Podcast episode, Owen Rask sits down with Richard Rauch from Franklin Templeton to unpack what rising yields mean for investors, and why a bond's starting yield matters more than the last few years of returns. Episode resources - Learn more about Franklin Templeton – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Franklin Templeton Australia Limited (ABN 76 004 835 849, AFSL 240827) is the Responsible Entity and/or investment manager for the funds mentioned. Read the PDS and TMD before investing. All documents can be found via franklintempleton.com.au or by calling 1800 673 776. All investments involve risks. Performance and capital are not guaranteed. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

What remains valuable when AI makes software faster and cheaper to build? In this episode of the Australian Investors Podcast, Owen Rask argues that trust—not just a slick interface or a familiar logo—could become the advantage that businesses and investors need to understand. This is episode four of The Business Stack of the Future, brought to you by Stripe. Owen starts with a question from the media world: when a respected person changes platforms, is the audience loyal to the institution, the individual, or the quality of the work? He carries that question into software. If competitors can reproduce a feature quickly, customers still need confidence that a provider can protect their information, explain mistakes and deliver reliably when the stakes are high. The episode explores how organisations learn to use AI responsibly: testing tools against real tasks, reviewing failures and deciding where human oversight belongs. Owen also looks at the risk created when businesses connect suppliers, APIs and AI agents. Who has permission to access data or approve a payment—and how would you stop a bad instruction? Stripe and Luxury Escapes offer practical examples of why operational history, fraud controls and customer experience matter alongside technology. For investors, Owen suggests looking beyond size or brand recognition to ask whether a company can earn more responsibility from customers, then serve them well without costs rising at the same pace. For business owners, the challenge is to build faster without treating dependability as an afterthought. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are gold, copper and other commodities becoming a longer-term portfolio decision rather than a short-term trade? In this Australian Investors Podcast conversation, Owen Rask sits down with Justin Lin of Global X to explore the idea of currency debasement, fractured supply chains and the case investors are making for hard assets. Justin separates two arguments often bundled together under ‘debasement’: concern about the purchasing power of currencies, and a desire by some countries to reduce reliance on the US dollar. He explains why investors have looked at gold, infrastructure and industrial metals through those lenses—while Owen presses him on what can actually be measured, rather than simply repeated as a market narrative. Copper provides a practical example. Justin argues that trade policy, inventory moving between markets and changing demand can matter as much as the headline about AI data centres. The pair also discuss energy security and the difficulty of securing critical minerals when production and processing are concentrated in a few places. Owen asks what those shifts could mean for a diversified portfolio. The conversation then turns to portfolio construction: what role might a broad commodities fund play alongside shares and bonds, and how does exposure through commodity futures differ from owning physical assets? Justin describes the Global X BCOM ETF and its range of underlying markets, from metals and energy to agricultural products. Finally, Owen makes him choose between gold and Bitcoin over a five-year horizon. Justin makes the case for gold, while acknowledging that neither outcome is certain. Listen for the framework, the trade-offs and the questions worth asking—not a prediction you must follow. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer This episode is sponsored by Global X. The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

Private credit has moved from an institutional niche into the portfolios of everyday investors seeking income and lower volatility. But higher income is not free: investors are paid to accept illiquidity, manager risk and the possibility that redemptions are limited when everyone wants out at once. In this episode of the Australian Investors Podcast, Owen Rask sits down with Nehemiah Richardson, CEO of Pengana Credit, to unpack how corporate private credit works and what investors should understand before committing their money. Nehemiah explains why manager selection matters when loans cannot be traded every day, how diversification across managers, industries, geographies and lending strategies can reduce concentration risk, and why the liquidity terms should match the time you can genuinely leave your capital invested. They examine the recent headlines around large US private credit funds, software exposure and redemption queues, including the difference between a genuine credit problem and a liquidity event. Nehemiah also compares Australia’s more concentrated private credit market — particularly its exposure to property and construction — with the broader opportunity set available in the US and Europe. You’ll also hear how professional investors think about underwriting, covenants, capital protection, portfolio construction and recovery when a borrower runs into trouble. The central message is simple: understand the manager, understand the assets, understand the worst-case liquidity, and do not invest in anything that cannot be clearly explained. Episode resources – Pengana – TermPlus – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer This episode is sponsored by TermPlus. 22:47 - 24:26: The portfolio is designed to support capital stability and reliable income. 24:27 - 27:15: We manage the portfolio and liquidity with the objective of meeting the relevant term and target-income commitments. 50:54 - 52:57: The objective is to provide a more diversified and resilient exposure through different market conditions. The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. You can read our Financial Services Guide at www.rask.com.au/fsg. Any views expressed are current as at 17 August 2026 and may change. TermPlus and PCX are investment products, not bank deposits. Target rates, distributions and capital are not guaranteed. Investments involve risk, including possible loss of capital and restrictions on access to invested funds. Before investing, read the relevant PDS and TMD available at pengana.com and termplus.com.au and consider whether the product is appropriate for you. Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest for this week’s 2 Sense episode on The Australian Investors Podcast is Andrew Page, founder of Strawman - Australia’s #1 small cap investment community. Andrew is a very well known commentator, investor and all round good person. I consider him to be one of the best investors I’ve ever met, and personally consider him in my top three in Australia. So I’m delighted to welcome him back to the show. Today we’ll cover three really interesting topics: small caps in Australia, the failed IPO of Firmus, and something I’ve been wanting to do for a long time - question Andrew’s take on Bitcoin. I know some of you have probably heard the last one, given his presence on various podcasts, but I want to get to the bottom of why one of the best investors I know made a decision to switch focus from a proven (and great) track record in small caps, to a digital store of wealth and currency Episode resources – Sign up with Strawman – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can AI make a business more productive — and less profitable? In episode three of The Business Stack of the Future on the Australian Investors Podcast, Owen Rask explores the pricing reset behind AI and the unit economics investors need to understand. If a tool helps four people do the work of ten, charging per user could mean less revenue even while customers get more value. Owen explains the difference between paying for a seat, usage, credits and an outcome, and why a resolved customer inquiry is not the same as a chatbot attempt. Using a simple example, he shows how computing costs can eat into the economics of each successful AI result. From Intercom’s customer-support model to WiseTech’s logistics transactions, Salesforce’s agent pricing and Atlassian’s combined subscription and credits, this episode asks what customers value — and whether software businesses can measure and bill for it. Owen also looks at Stripe’s Metronome acquisition and why usage measurement and billing are becoming part of product strategy, not just back-office administration. For investors, the key is not whether a company calls its revenue recurring. It is what drives customer spending, how costs change with activity, and whether the business can keep enough of the value it creates. Owen closes with a practical lens for judging the pricing power and competitive edge of AI-era businesses. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer This episode is sponsored by Stripe. The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is a special recording, taken live from Her Wealth Her Way II in Sydney, and features Scott Phillips, CIO of The Motley Fool, and Jess Leung, Portfolio Manager at Global X, alongside Owen Rask. Questions are thrown live from the room, and include: 1. The trio's best and worst (dumbest) investments. 2. How to get started with investing 3. Scott's Firmus update 4. The most expensive emotion in investing And a few laughs! Thanks for listening. Warning: this podcast contains general financial advice only. It is not specific to you as it does not take into account your needs, goals or objectives. So please do not act on the information until you have spoken to your financial planner. Read the PDS and TMD of any financial product before investing. www.rask.au/fsg is where you'll find The Rask Group Pty Ltd's Financial Services Guide (FSG). Learn more about your ad choices. Visit megaphone.fm/adchoices

Rewind episode: Sometimes the most useful investing lesson is not another spreadsheet. In this Australian Investors Podcast replay, Owen Rask revisits his conversation with money coach Karen Eley about financial IQ—what you know about money—and financial EQ—how you think, feel and behave when decisions get uncomfortable. The original conversation first appeared on 24 November 2025. Karen explains why understanding diversification, risk and superannuation matters, but knowledge alone does not stop fear, avoidance or an old money story from driving a decision. Together, she and Owen explore how emotional habits can shape spending, investing and even the way couples talk about finances. They ask what financial wellbeing looks like when your bank balance seems sound but you still do not feel secure. You will hear practical starting points: define success on your own terms, identify the values behind your goals, try a money-personality exercise, and notice the emotions that surface around a big purchase or a falling portfolio. Karen also shares ways to build financial literacy in small steps and have age-appropriate money conversations with children. This Rewind is a chance to ask whether your money knowledge and your money behaviour are working together. If you missed Owen and Karen’s original conversation—or want a fresh perspective on the habits behind long-term investing—start here. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast conversation, Owen Rask speaks with Dean Price of Washington H. Soul Pattinson about Electro Optic Systems (ASX: EOS) and NexGen Energy (ASX: NXG). Dean takes us inside Soul Patts’ relationship with EOS: a small initial equity stake, years spent learning the business, and a cash crunch that called for a different kind of support. They discuss why a loan facility, rather than a heavily dilutive share issue, mattered to the company and its existing shareholders—and what it reveals about investing as a long-term partner. The conversation then turns to NexGen and uranium. Dean explains how Soul Patts developed conviction in energy over time, why nuclear fuel supply became central to its thesis, and how growing electricity demand from data centres has changed the discussion. Owen asks how conviction translates into position sizing when an opportunity is compelling but still carries development risk. Across both stories, the bigger question is how patient capital works in practice. How do you distinguish a temporary financing problem from a broken investment case? When should you use debt, equity or both? And what can an investor with a long horizon see that a short-term trader might miss? Listen for a rare look at the research, financing decisions and portfolio thinking behind two contrasting long-term investments. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Joass, CFA is the Founder and Chief Investment Officer of Maven Funds Management, an Australian funds management business specialising in investing in fast-growing small and medium-sized companies. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

Building wealth is not just about finding the next winning share or ETF. The bigger driver of long-term returns is how your entire portfolio is constructed—and whether every holding has a clear job. In this episode of the Australian Investors Podcast, Owen Rask and James Phelan explain how strategic asset allocation connects your goals, time horizon and appetite for risk with a practical mix of shares, bonds, cash, property and alternatives. They unpack why smart investors still end up with overlapping ETFs, concentrated positions and “collector’s portfolios” filled with investments they no longer understand. You’ll learn the difference between risk tolerance and risk capacity, why more holdings do not automatically mean better diversification, and how tax consequences should influence—but not control—your decisions. Owen and James also discuss how to clean up an existing portfolio without creating unnecessary capital gains, when an unleveraged investment property may become inefficient, and what everyday investors can borrow from super funds and institutional portfolios. The episode finishes with five practical rules: define the purpose first, set your strategic asset allocation, keep the structure simple, do not let tax trap you in excessive concentration, and create guardrails before volatility arrives. If your investments have grown into a patchwork of ETFs, shares, property and private assets, this conversation will help you step back, simplify and build a portfolio designed around the life you actually want. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

Vanguard, iShares, Betashares, SPDR, Global X, VanEck... Speak with the Rask Advice team. This Australian Investors Podcast episode with Owen Rask and James Phelan tackles a simple problem: You must buy 1 ASX ETF for: – 2026 – 2036 – 2046 And the catch? Your ASX ETFs must not be a boring index ETF. Sectors, themes, active and rules-based ETFs only! In addition to picking 6 ASX ETFs and detailing their bull case, Owen and James answer questions like: 1. When did Tony Hawk first complete a 900? 2. Does the Treasury Intergenerational Report mean we're all stuffed? 3. Is a company or trust structure better for investing in shares and ETFs? 4. Why do financial advisers want to use investment platforms? Can't I just use Commsec? 5. Who cares about the Super limits! Am I drunk for going over the limit? Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

What if some of the biggest opportunities in artificial intelligence sit beyond the obvious mega-cap technology names? In this episode of the Australian Investors Podcast, Owen Rask speaks with Arelis Agosto, Director of Research & Strategy at Global X, about thematic investing and the structural megatrends reshaping markets over the next 10 to 15 years. Arelis explains why the AI boom differs from the dot-com bubble, including the revenue growth already emerging across the ecosystem. They trace the expected $6.7 trillion AI infrastructure buildout through data centres, semiconductors, networking, cooling and energy, before exploring the supply constraints that could make copper, uranium and rare earths increasingly important. The conversation then moves to the application layer. Arelis outlines how AI could transform drug discovery, healthcare, cybersecurity, cloud computing, robotics, humanoids and autonomous vehicles. She also explains why rising electricity demand and grid investment may prove essential: without the power and infrastructure, the most exciting AI applications cannot become reality. Finally, Owen and Arelis discuss what thematic investing means for portfolio construction. With the top 10 companies representing about 40% of the S&P 500, many investors already have substantial exposure to dominant themes through broad-market funds. The challenge is identifying which complementary opportunities are underrepresented, while avoiding unnecessary concentration. This episode offers a practical framework for looking past the headlines, understanding where AI spending flows and investing through long-term change while staying comfortable with uncertainty. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Justin Lin from Global X for the final instalment of the portfolio construction series, this time focusing on the most misunderstood sleeve in many portfolios: alternatives. Justin explains what actually makes an asset \"alternative\", why correlation alone is not enough, and why the best alternative assets have genuinely different performance drivers to shares and bonds. They explore the role of gold, broad commodities and cryptocurrencies, and how these assets can either diversify a portfolio, provide liquidity during market stress, or act more like higher-risk force multipliers depending on what they are and how they are used. The conversation also unpacks an important distinction many investors miss: not every uncorrelated asset is automatically useful, and not every alternative asset deserves the same job inside a portfolio. Justin explains why gold stands out as a rare all-weather diversifier, why broad commodities can act as an inflation hedge, and why Bitcoin and Ethereum still sit in the more aggressive part of the alternatives bucket even if their long-term roles continue to evolve. They finish with practical ETF ideas across gold, broad commodities, Bitcoin, Ethereum and tactical leveraged Nasdaq exposure, while also sounding a clear warning about structure, private-market opacity and the need to understand exactly what is driving performance before you allocate capital. If you want a sharper framework for thinking about alternatives, this episode is the right place to end the series. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Addis is the Founder of IntelligentInvestor, a brilliant writer, thinker and entrepreneur. John Addis's lessons are deep and vast, making this Australian Investors Podcast episode with Owen Rask oh-so special. You'll L-O-V-E this episode if you love value investing, how to live an alternative life with meaning and purpose, the pitfalls of founding a company, Warren Buffett, what makes most great investors great writers, daily rituals to live by, and more. John Addis podcast talking points Aside from enjoying a G&T, what daily, weekly or yearly rituals do you practice and why? If any.   What’s something you believe about investing or business, that few people would agree with you on?  If you could grab a new investor by the shoulders and shake some sense into them, what would you say?  Related: what were the key learnings, failures or successes you experienced and can now reflect on?  Do you think Buffett is as good as everyone thinks? Why, why not?  Why is the learning curve for investing so steep? Behind the scenes at II, do you now spend more of your time teaching people to invest or to rite gud?  Why is it important to be able to write well? Which writers do you look to for their quality? What do they do well that others could leverage?  With the rise of AI, is writing a dying form of communication?  Is AI in a bubble? How would we even know? Isn't this just a simulation?! Will AI make stock pickers redundant? What have been the most surprising trends, one to the upside and one to the downside, over your investing career?  Which Australian company brings you the most frustration?  What’s been the biggest mistake of your investing career?  What's been the best? How do you think about the consumption of news and information? How do you curate your home screen or online habits?  What specific strategies or methods have you learned from the II team? Past or present?  The role that optimism plays in human affairs. Have you read Hans Rosling's Factfulness? If yes, what did you make of it?  What’s the most overrated investing book? Conversely, which one changed your life and why? How do you think about the passive versus active debate? Who should be stock pickers? Who shouldn't bother?  How do you think about teaching kids about money and investing? Do you do anything that others might not?  Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Marc Jocum from Global X for episode five of the portfolio construction series, this time taking an inversion approach: instead of focusing on the perfect ETF portfolio, they unpack what not to do. Marc explains why investors so often start in the wrong place by chasing trailing returns in growth ETFs or headline yield in income ETFs. He argues that the better starting point is always what sits under the hood: the earnings growth, the income source, the concentration, the index methodology and the actual role the ETF should play inside a broader portfolio. The conversation also explores the practical mistakes investors and even sophisticated allocators keep making, including overlap, paying too much in fees, misunderstanding spreads and liquidity, ignoring tracking error, and mistaking a strong short-term narrative for a durable thematic opportunity. Marc also explains why thematic ETFs get scrutinised so heavily and how to think more clearly about public market depth, commercial adoption, government support and longevity before taking a view. They finish by breaking down the few times it really can make sense to sell an ETF, including when your thesis changes, when a life event forces the decision, or when rebalancing is needed. If you want a sharper checklist for avoiding avoidable ETF mistakes, this episode is a practical one to keep handy. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask speaks with Jon Stahl from Salesforce about how AI agents are moving beyond answering questions and starting to complete real work inside businesses. Jon explains the difference between a chatbot and an agent, including how agents can reason through multistep tasks, call tools and APIs, update business systems and retain useful context. He shares where the technology is already creating value across customer service, software development, research, order management and commerce. The conversation also tackles the controls businesses need before giving an AI agent meaningful autonomy. Jon compares an agent to the “world’s smartest but least experienced intern” and explains why permissions, clear identities, audit logs, hard-coded guardrails and human escalation remain essential. Owen and Jon then explore what must happen before agents can safely buy products or make payments on our behalf. That includes verified authority, spending limits, tokenised payment credentials, merchant recognition and common standards across the payments ecosystem — challenges that cannot be solved by a smarter language model alone. Finally, Jon separates the hype from the practical opportunity. Fully autonomous shopping is still largely experimental, while brand, trust and storefronts remain important. He also explains why trusted business data can dramatically improve an agent’s usefulness, and how businesses may soon use agents to resolve delayed orders, enrich product catalogues, support sales teams and help employees build their own tools. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer This podcast episode was sponsored by Stripe. The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Australian Investors Podcast host Owen Raszkiewicz and financial planner James Phelan (Co-Head of Advice at Rask Advice) discuss the major structural debate: Family Trusts vs. Holding Companies. Click here to get advice. They break down the latest discretionary trust tax changes proposed by Treasurer Jim Chalmers, explaining how the exposure draft legislation affects bucket companies and why trusts might not escape a stamp duty hit. They also share their thoughts on OpenAI's Astra, evaluate whether government bonds are finally attractive again after the recent sell-off, and answer several listener questions. Key Topics Covered: - News of the Week: Jim Chalmers' proposed discretionary trust tax changes and exposure draft. - OpenAI Astra: Owen's take on OpenAI's Astra and its potential impact on the stock market. - Trusts 101: How family trusts work, legal vs. beneficial ownership, distributions vs. dividends, and costs. - Companies 101: Cash flow, franking credits, director vs. trustee roles, and why some companies are taxed at 25% or 30%. - Property & Bucket Companies: Are companies really a better structure for holding property, and how are bucket companies used? - First Home Super Saver (FHSS): The benefits of the FHSS scheme inside super vs. holding your deposit in a cash savings account. - Bonds & Fixed Interest: Are AAA-rated government bonds finally a long-term hold, or is the long end of the market still dangerous? - AI Bubble & US Debt: How to protect your portfolio from high US debt levels and market concentration in tech. - Maximising Returns & Diversification: Does a diversified portfolio eventually just trend toward a blended historical average, and how do you maximise returns in an SMSF? - Super Allocations: Whether to invest outside your default super in thematic ETFs, small caps, and emerging markets, or stick to a core strategy. Episode resources – Treasury Exposure Draft on Discretionary Trusts – AFR: Trusts might not escape stamp duty hit – AFR: Chalmers' trust changes preserve the bucket company – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Jess Leung from Global X for episode four of the portfolio construction series, this time focusing on the advanced mechanics that shape how a portfolio actually behaves through time. Jess explains why professional portfolio management is really about managing risk, not chasing returns, and unpacks the key ideas many investors hear but rarely understand clearly: volatility, drawdowns, correlation, Sharpe ratios and the trade-offs that sit behind them. Rather than turning it into a maths lesson, she gives investors a practical framework for thinking about how a portfolio behaves when markets move. The conversation also explores factor investing, including value, quality, momentum, low volatility and yield, and why these tilts can behave very differently across market cycles. Jess explains why factors are cyclical, why diversification is not just about owning more ETFs, and how two investments that sound different can still move together when markets come under stress. They finish by talking through rebalancing, correlation, portfolio drift and a real-world example of how satellite ETF additions changed the risk and return profile of a core portfolio. If you want to move beyond beginner ETF ideas and start thinking more like a portfolio builder, this episode is a strong next step. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask explores why the business stack of the future may be changing investing faster than most markets really appreciate today. Starting with Stripe’s 2025 annual letter, Owen breaks down four business clocks now speeding up at once: how fast companies can build, distribute, monetise and scale. He explains why APIs, cloud software, AI tools and global payments infrastructure are compressing the path from idea to paying customer. This is not just an AI hype story. Owen looks at what faster growth means for investors, including why power-law winners may pull away harder, why weaker competitors can still launch more easily, and why speed is not the same thing as durability. Using Stripe, Anthropic and WiseTech, he shows how stronger products can create reinforcing flywheels of usage, revenue, talent and trust. He finishes with a practical framework for analysing fast-growing businesses: what has actually become faster, what reinforces the lead, whether the economics improve with scale, whether the infrastructure itself is an advantage, and what headline number you are really looking at. If you want a clearer lens on AI, software infrastructure and modern business economics, this episode is a smart place to start. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest Disclaimer This podcast episode was sponsored by Stripe. The information in this episode is provided by The Rask Group Pty Ltd and contains general financial product advice only. It does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you and consider seeking personal advice from a licensed financial adviser. You can read our Financial Services Guide at www.rask.com.au/fsg. If a financial product is mentioned, consider the relevant PDS and TMD, where applicable, before making any financial decision. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and capital may be at risk. The Rask Group Pty Ltd is a Corporate Authorised Representative No. 1280930 of Rask Licensing Pty Ltd, AFSL 563 907. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Andrew Parsons, chief investment officer and founding member of Resolution Capital, to unpack a market many Australians overlook: listed property and real assets. Andrew explains why so many investors feel comfortable with residential property but get stuck when the conversation shifts to REITs, commercial real estate and infrastructure. He breaks down what listed property actually is, why liquidity matters more than most people realise, and how investors can think differently about income, volatility and long-term wealth creation. The conversation explores the real differences between residential property, commercial property and infrastructure, including where regulation, supply and leverage can change the risk profile. Andrew also shares what he is watching in 2026, why construction and debt conditions matter so much to returns, and how to separate a cheap asset from a genuine opportunity. If you want a clearer framework for thinking about REITs, real assets, active management and portfolio diversification, this episode is well worth your time. It is a practical discussion about demand, supply, balance sheets and compounding for investors who want property exposure without buying a single house or apartment. Episode resources – Resolution Capital – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Marc Jocum from Global X for episode three of the portfolio construction series, this time focusing on income: what it is, where it comes from, and why most investors start in the wrong place. Marc explains why income investing should begin with goals, not yield. Whether you are nearing retirement, supplementing your salary or funding a future expense, the job of an income portfolio changes depending on what you actually need it to do. From there, he breaks down the different engines that can produce income, including dividends from equities, coupons from fixed income and option premiums from covered call strategies. The conversation also tackles one of the biggest traps in ETF and share investing: chasing headline yield. Marc explains why trailing yields can be misleading, how special dividends and capital gains can distort the numbers, and why investors need to understand the source and sustainability of income before buying anything. They also unpack sequencing risk, the role of bonds and floating-rate credit, why total return still matters, and how investors can think about blending defensive and growth assets across different life stages. Marc finishes with practical ETF ideas across Australian bank credit, US Treasuries, high dividend shares and covered calls. If you want a more thoughtful framework for building income from a portfolio, this episode is packed with practical ideas. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Stephen Arnold from Aoris to unpack a timeless investing idea that often gets lost in noisy markets: a share is not a trade, it is part-ownership of a business. Stephen explains how his early career in credit, global investing and business analysis shaped the Aoris philosophy, and why quality, durability and valuation discipline still sit at the centre of his process. He and Owen explore what it really means to think like an owner, why a concentrated portfolio can still be sensible when the underlying businesses are strong, and how investors can stay grounded when markets become obsessed with themes like AI. The conversation also digs into patience, humility and transparency. Stephen shares why Aoris keeps questioning its own assumptions, why process matters more than fashion, and why clients deserve a clear understanding of what is owned and why. Along the way, he reflects on finding his true north early, building Aoris to do one thing well, and why durable businesses and durable investment processes often come from the same habit: staying simple, asking better questions and resisting complexity for its own sake. If you want a calmer framework for thinking about quality investing, portfolio construction and long-term decision-making, this episode is a sharp reminder that curiosity, simplicity and discipline still matter. Episode resources – Emerging markets research – M&A - most acquisitions fail – Aoris portfolio and website – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Owen Rask and Drew Meredith break down the WiseTech Global (ASX: WTC) ACCC raid, Moderna’s (NASDAQ: MRNA) extraordinary cancer vaccine breakthrough, and the latest ASX reporting season results from Pro Medicus (ASX:PME), CSL Ltd (ASX:CSL), Challenger (ASX:CGF) and XRF Scientific (ASX:XRF). WiseTech Global (ASX: WTC) shares plunged after the Australian Competition and Consumer Commission (ACCC) executed a search warrant at the logistics software giant as part of an investigation into alleged competition law breaches. Meanwhile, in the US, Moderna (NASDAQ: MRNA) shares exploded higher after Moderna and Merck announced positive Phase 3 results for their personalised mRNA cancer vaccine in patients with high-risk melanoma — one of the biggest single-day moves we’ve seen in a major biotechnology stock. And it’s reporting season in Australia. Owen Rask and Drew Meredith dig into the latest FY26 financial results from some of the ASX companies investors are watching most closely, including Pro Medicus Limited (ASX: PME), CSL Limited (ASX: CSL), Challenger Limited (ASX: CGF) and XRF Scientific Limited (ASX: XRF). Topics covered – WiseTech Global (ASX: WTC): the ACCC search warrant, competition concerns, the WiseTech share price fall and what investors should actually focus on – Moderna (NASDAQ: MRNA): the personalised mRNA melanoma vaccine being developed with Merck, the positive Phase 3 trial and why the Moderna share price surged – Pro Medicus (ASX: PME): breaking down the FY26 result and what the latest numbers mean for the Pro Medicus investment thesis – CSL (ASX: CSL): FY26 results, the healthcare giant’s reset and what investors should watch next – Challenger (ASX: CGF): FY26 financial results and the outlook for one of Australia’s largest retirement income businesses – XRF Scientific (ASX: XRF): the small-cap ASX company’s latest financial results and long-term growth story – Why share price volatility can create both risk and opportunity for long-term investors – How Owen and Drew think about company results, valuation, market expectations and changing investment theses during ASX reporting season If you invest in Australian shares, ASX stocks, growth stocks or US shares, this episode is a practical look at what is moving markets right now — and how long-term investors can separate important information from short-term stock market noise. Subscribe to the Australian Investors Podcast for twice-weekly conversations about investing, ASX shares, global stocks, ETFs, portfolio management, business, psychology and long-term wealth creation. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Billy Leung from Global X for episode two of the portfolio construction series, this time focusing on the part of investing that attracts the most attention: growth. Billy explains why the first decision is not picking a hot ETF but understanding asset allocation, equity exposure and where growth actually comes from. He unpacks why Australian investors can end up too concentrated at home, why the local market behaves differently to global markets, and why sectors that reinvest for compounding can look very different from sectors built around distribution. The conversation also explores a common investor trap: chasing whatever has just gone up the most. Billy explains how to think about sustainability, valuation and whether a theme is pricing in too much future optimism. AI, semiconductors, cloud infrastructure and China tech all come up as case studies in how to separate structural growth from short-term excitement. They finish with a practical framework for building the growth sleeve of a portfolio: start broad, then narrow with intention. Billy shares three ETFs to research further, including global AI exposure, AI infrastructure and China technology, giving investors a clearer way to think about growth without treating every trend as a green light. If you want a smarter lens on growth investing, thematic ETFs and portfolio construction, this episode is a practical next step. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Australian Investors Podcast, Owen Rask sits down with Mark Jones from Resolution Capital to unpack why listed infrastructure may be one of the most compelling risk-adjusted opportunities in markets right now. Mark explains what global listed infrastructure actually includes, why the best assets tend to have pricing power, long lives and high earnings visibility, and why that matters when uncertainty is rising. The conversation breaks down how professional investors separate true infrastructure from lookalikes, why active management can matter more in a finite universe, and how investors should think about inflation protection, portfolio construction and long-term compounding. Along the way, Owen and Mark use real examples including Transurban, AGL, Origin and Greek infrastructure assets to show why labels matter, where passive products can miss the mark, and how a disciplined investor can think more clearly about downside as well as upside. They finish with a timeless lesson on the rule of 72 and why steady returns can be more powerful than chasing the next 10-bagger. If you want a clearer framework for thinking about infrastructure, active versus passive investing and the role of real assets in a portfolio, this episode is well worth your time. Episode resources – Resolution Capital – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Jason Kotchoff, founder of Stocklight, to unpack one of the hardest parts of investing: understanding how news actually moves share prices. From ASX announcements and continuous disclosure to US SEC filings and the EDGAR system, this conversation explains how information reaches the market, why some updates send stocks higher, and why "good" news can still trigger a sell-off. Owen and Jason walk through real examples including DroneShield, Megaport and NextDC, showing how price-sensitive announcements are flagged, how directors' trades can shape investor sentiment, and why context matters more than headlines. They also compare Australia's market structure with the United States, highlighting the difference between the ASX's central role and the SEC's rules-based system across many exchanges. The episode also explores the investor information edge in 2026. Jason explains how tools like Stocklight can help investors track portfolios, filter the announcement firehose and stay tax-aware, while Owen presses the bigger question: can individual investors really keep up when professional firms and AI-powered tools are on the other side of the trade? If you want a clearer framework for interpreting market news, company announcements and portfolio signals, this episode will help you understand what matters, what to ignore and how to think before you act. Episode resources – Stocklight – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Jess Leung from Global X to kick off a six-part portfolio construction series by tackling the question most ETF investors skip too quickly: what should a good portfolio actually look like from day one? Jess explains why a portfolio should be treated as a system, not a collection of random ideas, and why every ETF needs a job to do. They unpack the difference between a core portfolio and satellite positions, why asset allocation matters more than obsessing over tiny ETF differences, and how investors can think more clearly about risk tolerance, time frame and long-term goals before buying anything. The conversation also explores common blind spots, including home bias, portfolio overlap and the hidden costs that come from spreads, brokerage and repeated trading over time. Jess shares practical ways to look through a portfolio, spot duplicated exposures, and decide whether a position belongs in the core or the satellite bucket. They finish with real ETF examples from the Global X range, including broad Australian exposure, global equity options, fixed income and currency hedging, giving investors a practical framework for building something more deliberate from the start. If you want to build a smarter ETF portfolio with more intention and less guesswork, this is a strong place to start. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's LIVE 2 Sense, Owen and Drew pull back the curtain on what is really driving growth in modern financial advice businesses. With markets pushing back towards all-time highs, the conversation starts with the mood investors are feeling right now, then quickly moves into a deeper topic: how content, education and trust are reshaping the advice industry in Australia. Owen and Drew unpack how Wattle Partners has grown, why Rask has spent years building an audience-first business, and what both founders have learned about scaling without losing focus. They also get into one of the biggest questions facing professional services in 2026: is AI a threat, a tool, or both? From simple scaled advice and back-office efficiency to compliance, cybersecurity and the changing economics of content, this episode explores where the real opportunities and risks are starting to appear. Along the way, the pair touch on mergers and acquisitions in advice, why many firms still struggle with technology, how YouTube and podcasts convert differently, and what business owners can learn from building an audience before building a product. If you want a rare behind-the-scenes look at how financial media, advice and technology now overlap in Australia, this 2 Sense episode is packed with honest lessons, practical observations and a few spicy takes. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Cam McIntyre, CEO of REA Group, to unpack how one of Australia's most important technology businesses thinks about property, platform scale and AI. Cam explains what it was like stepping from carsales into REA, why the business still sees big runway beyond residential listings, and which numbers matter most inside the company. They discuss traffic, listing volumes, financial services leads and why REA believes its brand, customer relationships and decades of data still create a hard-to-copy advantage. The conversation then turns to AI. Cam explains why REA sees itself as an "AI prime" business, how the team uses internal "zombie hunts" to strip out repetitive work, and where AI could improve search, mortgage workflows and customer outcomes across the property journey. Owen and Cam also go deep on the housing market itself: why Australia feels two-speed right now, how interest rates are shaping buyer and seller behaviour, and why Cam believes rates matter more than tax changes in the current cycle. They finish on a broader theme investors will appreciate: what keeps the Australian dream alive, how great businesses are built, and why taking intelligent risk still matters. If you follow listed platforms, property data, AI adoption or the forces moving Australia's housing market, this episode is worth your time. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask and Drew Meredith work through one of those weeks where macro nerves and stock-specific stories collide. They start with a rapid-fire buy, hold or sell segment on Apple, Micron and NAB, then zoom out to what falling home loan demand, sticky inflation and fragile consumer sentiment might mean for Australia. The discussion gets into why higher rates are hitting confidence as much as cash flow, why house-price weakness matters for spending, and how investors should think about the gap between headlines and what is actually happening in the economy. From there, the episode shifts to big tech. Owen and Drew break down Microsoft's latest numbers, Apple's march back to the top of the market, the sharp pullback in Micron and the broader question hanging over AI infrastructure: who is really making money, who has pricing power, and where sentiment may have run ahead of fundamentals. Alphabet, Oracle, semiconductors and American Express all feature as they test whether the market is rewarding quality, scale or just the next AI narrative. If you want a practical market wrap that connects interest rates, consumer behaviour, valuation and the AI supply chain without losing the plot, this episode is worth your time. Episode resources – Check your super with the Rask Wealth Checker – Financial planning – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Adam Myers to unpack one of the biggest shifts in modern investing: more of the value in the world’s best companies is now being created before they ever reach the stock market. Using SpaceX, OpenAI, Anthropic, Databricks, Canva and Waymo as examples, they explore why private markets matter more than ever for investors trying to understand where long-term wealth is really being built. Adam explains why retail investors rarely get direct access to these deals, how large institutions and well-connected allocators tend to dominate the best opportunities, and what has changed since the days when public market investors could buy into companies much earlier in their growth journey. They also discuss how AI is accelerating this shift, from infrastructure and data platforms through to physical AI, and why diversified exposure matters more than trying to bet on a single winner. If you’ve ever wondered whether public market investors are arriving too late to the party, or how listed vehicles can provide access to private companies without the usual complexity, this episode will help. Owen and Adam also cover portfolio construction, liquidity, risk, and why the private-to-public transition may become one of the defining investing themes of the next decade. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Pengana Investment Management Limited (PIML) ACN 063 081 612 AFSL 219 462 as responsible entity for AI Private Opportunities Trust ARSN 697 001 184 (AIX), is the issuer of AIX units. This podcast was produced and published by RASK, and PIML's representative participated to provide general information only.  It does not take into account your objectives, financial situation or needs and because of that, before making an investment decision you should consider the appropriateness of this information having regard to your objectives, financial situation and needs. You should obtain and consider the TMD available at pengana.com/AIX before deciding whether to acquire or hold AIX units and whether AIX units are appropriate for you. Any forward-looking statements made are the speaker's views at the time of recording only and are not guaranteed to occur.  None of PIML nor any of its related entities, directors, partners or officers guarantees the performance of, or the repayment of capital, or income invested in AIX. An investment in AIX is subject to investment risk including a possible loss of income and principal invested. Past performance is not a reliable indicator of future performance, the value of investments can go up and down. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Australian Investors Podcast, Owen Rask and Drew Meredith kick off with a rapid-fire buy, hold or sell and then work through the stories investors are actually debating right now. They unpack OpenAI's reported hardware move, why Anthropic and cheaper rivals are putting pressure on AI economics, and what recent TSMC and Samsung results tell us about the chip boom, capital expenditure and the risk of paying up for hype. They also revisit Netflix, ask whether a beaten-down quality business can still be a buy, and look at what booming investment-banking numbers from JPMorgan and Goldman Sachs might signal for markets. Closer to home, Owen and Drew discuss REA Group, why property listings matter more than house-price headlines, and what another strong year of super fund returns says about the role of indexed investing. They also dig into the political noise around super, forced national-interest investing and why trust in the retirement system matters so much to Australians. The episode wraps with listener questions on CSL and Cochlear after share-price falls, trusts versus investing in your own name after tax changes, and whether LIC discounts could narrow under the new rules. If you want one practical reset on AI hype, super, markets and investor decision-making in Australia, this is a smart weekly catch-up. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Australian Investors Podcast, Owen Rask sits down with Brandon van der Kolk, the creator behind New Money and author of New Money Strategy, to unpack how a former physio built one of Australia’s biggest investing channels and what he has learned from nearly a decade of teaching people about money online. Brandon explains why he rebranded from Aussie Wealth Creation to New Money, how YouTube rewards trust and evergreen content, and why relying only on AdSense leaves creators without a moat. He also shares the investing framework that shaped his work, drawing on Warren Buffett, Phil Town and Berkshire Hathaway to explain how he thinks about business quality, management, valuation and margin of safety. Owen and Brandon also explore what value investing still looks like in 2026, why Google and Meta stood out to him as long-term winners, what he learned from the Berkshire shareholder meeting in Omaha, and why most investors need a process they can actually stick to. They also touch on Brandon’s book launch, the business of creator-led media and the lessons that matter most if you want to become a calmer, more deliberate long-term investor. If you want a conversation that blends creator economics, practical investing and Buffett-style thinking, this is a strong place to start. Episode resources – Buy The New Money Strategy – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this live episode of Australian Investors Podcast, Owen Rask teams up with James Phelan to unpack the tax and wealth changes investors are trying to make sense of right now. Recorded in front of a live audience at Ultra Meetup, this conversation cuts through the headlines and focuses on what actually matters if you own property, invest through a trust, or are weighing up shares, super and debt. Owen and James break down the proposed changes to family trusts and bucket companies, why negative gearing and capital gains tax have become such a flashpoint, and how debt recycling is being interpreted more tightly after recent ATO guidance. They also explore what these shifts could mean for SMSFs, geared ETFs, gifting to kids, sequencing risk and the broader question facing many Australians: if the old playbook is changing, what should thoughtful investors do next? Rather than offering scare campaigns or silver bullets, this episode is a practical Q&A on how to think through the new rules, the trade-offs they create and the strategies people are likely to revisit as the policy landscape evolves. If you want a grounded take on trusts, property, CGT and wealth-building after the latest Budget proposals, this is a timely listen. This episode was recorded at the Royal Society of Victoria. You can learn more at their website https://www.rsv.org.au/ or their Instagram https://www.instagram.com/royalsocietyvic/ Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Hayden Smith, CTO at Pearler, for a practical masterclass on what AI actually is, why it matters for investors, and where the real money may be made across the supply chain. Rather than stopping at ChatGPT headlines, Owen and Hayden break the theme into layers: transformers, data centres, GPUs, memory, networking, cooling, electricity and the raw materials that keep the whole machine running. They explain why AI is not one stock or one app, but a chain of businesses that stretches from software giants like OpenAI, Google and Microsoft through to chip leaders like NVIDIA and the infrastructure companies supporting them. The conversation also brings the investing lens back to earth. Hayden explains why broad exposure still beats heroic single-stock bets for most people, while Owen walks through ETFs investors are already using to get exposure, including IVV, VGS, NDQ, FANG and AINF. Along the way, they talk about bubbles, bottlenecks, valuation risk and why some of the best opportunities may sit in the less glamorous parts of the stack. They also explore what AI could mean for Australian jobs and why much of the value may flow to US-listed businesses. If you want to understand how AI works, where the economic value might accrue and how to think about investing without getting swept up in hype, this episode gives you a clear framework to start with. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, host Owen Rask is joined by Ryan Joyce, Deputy Portfolio Manager at Magellan Investment Partners, for a deep dive into S&P Global Inc (NYSE: SPGI). S&P Global is one of those companies investors interact with constantly, often without realising it. If you follow the S&P 500, compare an Australian fund to the S&P/ASX 200, look at a company’s credit rating, use financial data through S&P Global Market Intelligence, or rely on commodity pricing benchmarks, you have probably touched part of S&P Global’s ecosystem. Ryan describes S&P Global as a collection of data, ratings, index and benchmark businesses. But the big idea of this episode is simpler: S&P Global is one of the most embedded businesses in global financial markets. As Ryan puts it: “I really think of it as a benchmark business, particularly for the crown jewels in it.” In this episode, Owen and Ryan explore: How S&P Global actually makes money Why credit ratings and index benchmarks are so hard to disrupt How S&P Global compares to Moody’s, MSCI, Fitch, Bloomberg and FactSet Whether AI is a threat or opportunity for S&P Global Market Intelligence Why SPGI’s valuation became attractive to Magellan How S&P Global fits inside the Magellan Global Opportunities Fund Why private markets may be an opportunity, not an existential threat Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask sits down with Michael Bell, CIO at Solaris Investment Management, for a practical conversation about how professional investors think when they are putting real capital to work. From the outside, fund management can sound like hot tips and big macro calls. Michael explains why the reality is usually much more disciplined: process, patience, risk management and the ability to stay focused on business quality when markets are noisy. The conversation unpacks what active investing is meant to achieve, how portfolio decisions are weighed, and why good investors spend as much time avoiding mistakes as they do chasing upside. For everyday investors, this episode is a useful look inside the mindset of a seasoned CIO. It explores how professionals assess opportunity, separate signal from noise and keep conviction anchored to a repeatable framework instead of headlines. If you want a sharper understanding of portfolio thinking, active management and what experienced fund managers do differently, this is a strong episode to add to your queue. It is also a reminder that great investing is rarely about making the loudest prediction. More often, it is about building a repeatable process, staying selective and giving good decisions time to work. Whether you are reviewing your own portfolio or simply trying to become a more thoughtful investor, there is plenty here to sharpen how you think about downside, selectivity and long-term compounding. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith tackle one of the biggest questions in markets right now: if Micron and Sandisk are wobbling, has the AI trade gone too far, or is the market simply shifting where the real profits sit? They break down the latest sell-off in AI hardware names, why memory chips and data-centre narratives can look unstoppable right up until margins crack, and why the software layer may still capture more long-term value than the hardware beneath it. Closer to home, they unpack why the ASX has looked stronger if you own resources and far less exciting if you own almost anything else. That leads into a practical discussion on copper, BHP and whether the next leg of the AI build-out could keep rewarding real assets rather than the names investors have been crowding into. Along the way, Owen and Drew also answer listener questions on global diversification, whether investors should still want UK exposure inside broad ETFs, how LICs stack up against ETFs in a tougher tax environment, and what EOFY is revealing about super, rebalancing and portfolio construction. If you want a grounded take on AI hype, copper demand, BHP and where the next investing edge might come from, this episode is a smart place to start. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Australian Investors Podcast, Owen Rask sits down with Jaki Virtue, Chief Operating Officer of Washington H. Soul Pattinson, for a rare look inside one of Australia’s most closely watched investment companies. Jaki explains how a business with only about 55 staff can still oversee a large and growing portfolio, and why culture, systems and clarity matter just as much as capital allocation. The conversation starts with Jaki’s backstory, from an adventurous family and an unconventional schooling experience through to investment banking, business management and eventually becoming the inaugural COO of an ASX 50 company. She shares the story of “manifesting” that role in her twenties, why she deliberately chose stretch opportunities, and how risk, courage and curiosity shaped her career. Owen and Jaki also dig into what makes Soul Patts distinctive today: its long dividend record, the Milton and Brickworks transactions, the balance between public and private markets, founder partnerships, governance, AI adoption and the importance of protecting shareholder capital without creating bureaucracy. If you want to understand how a long-term investment company actually operates behind the scenes, this episode offers a practical window into leadership, team design and compounding over time. It is a useful listen for anyone curious about how great businesses stay agile without losing discipline. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask is joined by Ben Richards and Luke Laretive from Seneca Financial Solutions for the final instalment of the Small Cap Playbook series. Instead of another stock-pick list, the conversation turns to Ben’s development as an investor and the lessons he has learned working alongside Luke. They unpack eight ideas that matter in small-cap investing: offer value first, learn who to listen to, question the prevailing narrative, accept that you are wrong until the market proves you right, understand the plumbing of markets, focus on what matters, find more than one way to make money from a good idea, and build a process that suits your own edge. Along the way, Owen, Ben and Luke discuss how Seneca generates ideas, why original research matters, what management quality really looks like, and how portfolio managers think about catalysts, position sizing and patience when the market disagrees. They also revisit examples including Vulcan, Arcadium Lithium, HMC Capital and MinRes to show why process, incentives and temperament often matter more than a neat spreadsheet. If you want a practical look at how a small-cap investor improves over time and how professionals pressure-test ideas, this episode is a strong finish to the series. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) - ⁠Subscribe to Seneca's newsletter⁠ - ⁠Find out more about Good Research here ⁠ Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith test a deliberately provocative question: is the ASX now the worst developed share market in the world? Starting with fresh global market performance data, they compare Australia with Japan, Europe and the United States, then unpack why weak local growth, a bank-heavy index and a lack of global technology winners can leave the ASX looking sluggish even when some local companies are still doing well. From there, the conversation moves into the AI trade. Owen and Drew explore whether the market is really in irrational exuberance, why Micron’s blowout numbers matter, and how the AI value chain is moving from semiconductors into memory, energy, infrastructure and even local office-scale computing. They also riff on SpaceX pricing, local AI infrastructure and why headlines can miss what the underlying businesses are actually earning. The episode stays practical too, with fresh takes on WiseTech, REA Group, ETF portfolio transitions, private-market access and the difference between chasing yield and building a portfolio that can survive a changing market. If you want an episode that mixes ASX debate, AI investing, ETF questions and real portfolio decision-making without disappearing into jargon, this one is worth your time. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit EOFY deals to know about - ending June/July 2026 – $200 bonus for opening your first TermPlus account with $20k or more with code “EOFY26” – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Alan Pullen from Magellan to unpack Berkshire Hathaway, Warren Buffett’s investing legacy and why the business may still deserve a fresh look even as Buffett steps back from day-to-day leadership. They trace Berkshire’s path from a struggling textile mill to one of the most remarkable capital allocation machines ever built. Alan explains how insurance float, patient cash management, disciplined capital allocation and a culture shaped by Buffett and Charlie Munger helped turn Berkshire into something far bigger than a stock portfolio or a simple holding company. The conversation also digs into what many investors still miss today: why Berkshire’s huge cash pile can be a feature rather than a flaw, how the insurance engine and deferred tax base strengthen the business, and why management succession may not break the long-term thesis. Alan shares why Magellan still sees Berkshire as a high-quality compounder with meaningful downside protection, then finishes with timeless lessons on valuation, temperament and thinking like a true business owner. If you want a sharper framework for analysing world-class businesses, this is a practical deep dive into moats, compounding and capital allocation from one of investing’s most studied companies. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask is joined by Ben Richards and Luke Laretive from Seneca Financial Solutions to break down what actually moves small-cap share prices and why being “cheap” is rarely enough on its own. They explain why catalysts matter so much in small-cap investing, how management incentives shape outcomes, and why takeover potential can be one of the clearest ways for value to be realised. Using real ASX case studies, the conversation explores the clues Seneca looks for when assessing whether a company can rerate, attract a bid or simply stay stuck while the market disagrees with the thesis. Ben and Luke also walk through how they think about timing, sector cycles and position sizing when the opportunity looks compelling but the catalyst may still be early. Along the way, they discuss examples including Pro Medicus, Venus Metals, Greatland Gold, ReadyTech and RPMGlobal, showing how different catalysts play out across software, resources and strategic M&A situations. If you want a more practical framework for researching ASX small caps, spotting takeover setups and understanding what can unlock value, this episode offers a clear playbook from two investors who spend their days hunting for rerates. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) - ⁠Subscribe to Seneca's newsletter⁠ - ⁠Find out more about Good Research here ⁠ Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith move from the market headlines into the real forces shaping investor behaviour right now. They start with Wesfarmers pushing higher, BHP printing fresh highs and Macquarie continuing to attract attention, then ask the question behind the moves: are these quality businesses still buys, or are investors paying up for comfort in an uncertain market? The discussion widens quickly into small-business CGT concessions, SpaceX euphoria, and the squeeze households are still feeling as wages struggle to keep pace with living costs. Owen and Drew also unpack why underemployment matters more than the headline jobs number, what the market is getting wrong about media noise, and how retail investors should think about leverage, ETF portfolios and stock selection when the rules keep shifting. There is also a practical discussion on GHHF, Megaport versus WiseTech, and whether younger investors should be chasing property, businesses or listed assets first. If you want one episode that blends ASX ideas, portfolio thinking and macro frustration without losing the practical angle, this is a sharp listen. There is plenty here for investors trying to separate temporary hype from durable business quality while still making sensible decisions with real money. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Justin Lin from Global X to unpack why commodities may be moving from ignored to essential again. Rather than treating gold, copper or lithium as short-term geopolitical trades, Justin explains why the bigger story is a mix of underinvestment, supply-chain fragility and a fresh wave of demand from AI, electrification and energy security. They break down why investors have mostly ignored commodities for the past decade, what changed after years of weak demand and excess supply, and why today’s backdrop looks different. Owen and Justin also tackle the question many investors are asking right now: is this just about war headlines, or are commodities becoming structurally more important as countries chase domestic supply, power reliability and strategic independence? The conversation explores gold’s resilience, the role copper could play as grids and data centres expand, and why lithium and battery technology may still matter even after the sector’s rough patch. Justin also shares practical ETF ideas for researching the theme, including WIRE for copper, ACDC for battery tech and lithium, and BCOM for broad commodities exposure. If you want a clearer framework for commodities, inflation protection and AI-driven energy demand, this is a timely listen. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode was originally featured on The Australian Finance Podcast. In this Australian Investors Podcast episode, Owen Rask is joined by Navarre Trousselot, founder of Navexa, to unpack why the proposed 2026 Federal Budget tax changes could make ETF record-keeping and capital gains reporting much messier for everyday investors. Instead of glossing over the hard bits, they walk through how capital gains tax works in Australia, why parcel selection matters, and why ATO pre-fill can give ETF investors a false sense of security. Navarre explains the trap most ETF investors miss: annual cost base adjustments. If you have been dollar-cost averaging into ETFs for years, every member statement can change the cost base of earlier parcels, which means your future CGT calculation is probably more complicated than you think. Owen and Navarre also explore how tools like Navexa can model rebalancing decisions, compare FIFO with lower-gain methods, and estimate the tax impact before you sell. They also discuss what the mooted post-July 2027 rules could mean in practice, why better records may become non-negotiable, and how investors can avoid handing extra money to the ATO just because their admin is a mess. If you own ETFs, buy shares regularly, or expect to rebalance in the years ahead, this is a practical episode worth hearing before tax time gets even trickier. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask and Drew Meredith are back for a super-sized "2 sense" segment, breaking down the biggest market news, key themes, and listener questions impacting Australian investors. In this episode, we dive deep into: - The AI Revolution: Despite mind-blowing growth (NVIDIA's profit up 285%), why did the tech giant "fail to impress," and what does the market concentration in a handful of names (NVDA, GOOGL, AMZN, META) mean for the S&P 500? We cover the trillions being poured into AI infrastructure and BlackRock's bullish strategic view on developed market stocks. - Market Outlook & Bear Calls: With easy risks to call like high interest rates, oil prices, and inflation, is it finally time to sell a BEAR market? We analyse soaring bond yields (US 30-year nearing 5%—highest since 2007) and whether the traditional 60/40 portfolio is broken beyond repair. - SpaceX IPO Controversy: We break down the incredible surge in space stocks (Virgin Galactic) and new ETFs (RCKT, MOON). Crucially, we uncover the controversial NASDAQ rule changes that may mechanically force Australian superannuation funds to buy into the SpaceX IPO. - ASX Gold Miners in Crisis: Elliott Management, the $US80 billion activist fund, has demanded urgent action at Australia’s largest gold miner, Northern Star (NST), calling out operational missteps and suggesting the company consider a sale. We discuss the rising risk of earnings downgrades across the gold sector. - Australian Finance & Tax: Is Guzman y Gomez (GYG) leaving the US a red flag? We tackle listener questions on Franking Credits, the impact of new CGT rules (CGT changes in Federal Budget), investing for beginners, and more. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Mitchell Sneddon sits down with veteran investor John Abernethy to unpack what market crashes really teach you when you have lived through several of them. Rather than chasing clever forecasts, John explains why liquidity, incentives and investor behaviour usually matter far more when markets get ugly. John reflects on the 1987 crash, the dot-com unwind, the GFC and COVID, sharing how he thought about protecting capital, raising cash early when risks were building, and moving when panic created better prices in listed debt, hybrids and quality businesses. It is a grounded look at how experienced investors respond when fear takes over and headlines get louder than fundamentals. The conversation also traces John’s path from banking and NRMA to helping back online broking in Australia, with practical lessons on credit, balance sheets and why understanding incentives still gives investors an edge. He also returns to a simple idea that feels especially timely in today’s market: read widely, think independently and do not let euphoria do your thinking for you. Buffett’s letters, common sense and patience still matter. If you want a clearer framework for market crashes, bubbles and long-term investing, this episode is a sharp reminder that the best lessons are usually the ones investors keep forgetting. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this second Small Cap Playbook episode on the Australian Investors Podcast, Owen Rask is joined by Luke Laretive and Ben Richards from Seneca Financial Solutions to unpack how professional small-cap investors actually generate ideas — and why selling discipline matters just as much as finding a winner. The conversation starts with where Seneca’s best ideas come from: deep company coverage, long-held watchlists, industry networks and the ability to spot optionality when the market is giving away upside for free. From there, Luke and Ben explain why cheap stocks are not enough on their own. What matters is the catalyst, the time frame, and whether the market can realistically re-rate the business before capital gets trapped. They also break down the structure of a good stock thesis: what the company does, why it is cheap, the catalyst, the risks, and the signals that would force an exit. Along the way, they explain how they test management quality through meetings, site visits and conversations with suppliers, customers and competitors, plus why portfolio construction is what protects you when not every idea works. If you want a sharper framework for researching ASX small caps in 2026, this episode is a practical lesson in catalysts, conviction, management assessment and knowing when to sell. DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group Pty Ltd is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) - ⁠Subscribe to Seneca's newsletter⁠ - ⁠Find out more about Good Research here Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

We're revisiting one of our favourite conversations this week — with the Motley Fool's own David Gardner. In this Australian Investors Podcast episode, your host Owen Rask sits down with David Gardner (co-founder of The Motley Fool and author of Rule Breaker Investing) to discuss: – Beating the market vs indexing – The “lose to win” philosophy and position sizing – The six traits of rule-breaker companies – Conscious capitalism, purpose and culture If you love learning about growth investing and finding outliers, subscribe to the Australian Investors Podcast on ⁠Apple⁠, ⁠Spotify⁠, or ⁠YouTube⁠! Follow us on ⁠Instagram⁠ and ⁠TikTok⁠ for more investing insights. Topics Covered – Beating the market: why David still believes individuals can outperform and why most don’t try – Lose to win: accepting frequent small losses to capture rare, massive winners (Babe Ruth analogy) – Six rule-breaker traits: top dog & first mover, sustainable edge, strong price action, leadership/backers, brand love, and “overvalued” narratives – Final thoughts & how to learn more: AI’s role in research (not a reason to quit stock picking) and making portfolios reflect our best vision for our future Chapters (approximate) (00:00) Introduction (03:55) The Optimistic Investor: David Gardner's Journey (07:42) The Power of Stock Picking: A Historical Perspective (11:41) The Art of Writing: Crafting a Book on Investing (27:06) Embracing Loss: Lessons from Babe Ruth and Investing (37:00) The Six Traits of Rule Breaker Stocks (42:27) Traits of Rule Breaker Companies: A Deep Dive (46:40) The Importance of Overvaluation in Stock Selection (47:51) Learning from Past Mistakes: The Yahoo Experience (49:46) Identifying Top Dogs: The Case of Tesla (58:46) The Role of Consumer Experience in Investing (1:03:58) Conscious Capitalism: Merging Profit with Purpose (1:09:38) The Future of AI in Investing (1:17:59) Long-Term Thinking in Investing Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Passive income sounds easy in theory: buy a few ETFs, collect the distributions, and let the portfolio do the heavy lifting. In practice, the details matter. In this Australian Investors Podcast episode, Owen Rask sits down with Global X's Marc Jocum to explain how ETF income is actually generated, what investors should look for, and where people can go wrong when they chase yield without understanding the trade-offs. Marc walks through five ETFs worth researching for income-focused investors, including Australian dividend exposure, bank credit, covered calls, and US fixed income. Along the way, he explains why franking credits still matter, why a total-return mindset can be more useful than staring at the biggest yield on the screen, and why diversification across income sources matters more in a higher-rate environment. The conversation also zeroes in on three common mistakes: chasing headline yield, concentrating too heavily in one part of the market, and forgetting that so-called passive income still needs an active portfolio decision upfront. If you want a better framework for building passive income with ETFs in 2026, this episode is a strong place to start. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this first Small Cap Playbook episode, Owen Rask sits down with Luke Laretive and Ben Richards from Seneca Financial Solutions to unpack how professional investors think about ASX small caps when the market is noisy, ETF flows dominate and AI tools promise easy answers. The pair argue that volatility is not the same as business risk, that so-called blue chips are not automatically safer, and that smaller companies can offer genuine opportunities when pricing is inefficient and research is thin. The bigger lesson is process. Luke and Ben explain why there is no money in consensus, why AI can help with synthesis but not conviction, and why a repeatable edge still comes from hard work: reading announcements, tracking management behaviour, weighing probabilities and building a portfolio one decision at a time. They also unpack why good small-cap managers can persistently outperform, how they separate speculation from real business quality, and what listeners should watch for when a stock looks cheap for the wrong reasons. If you want a grounded framework for researching ASX small caps without falling for hype, false precision or shortcut thinking, this episode is a sharp place to start. It is the first of a four-part series with Seneca and Good Research, and it also offers a rare look at what professional investors actually do each day, from scanning overnight moves and broker notes to reading ASX announcements line by line before a capital raise ever lands in the inbox. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) - ⁠Subscribe to Seneca's newsletter⁠ - ⁠Find out more about Good Research here Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more Rask Resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask sits down with Senator Andrew Bragg for a wide-ranging conversation about the Federal Budget, housing supply, tax, productivity and why so many Australians feel the country has become harder to get ahead in. Rather than getting stuck in party talking points, they focus on the practical questions investors, business owners and workers are asking right now: what happens when policy makes it harder to build homes, why does productivity matter so much for living standards, and how do taxes, regulation and incentives shape whether Australia creates more wealth or simply fights over what already exists? Andrew explains why he believes cutting housing supply is one of the worst policy choices Australia can make, how rising rents, higher rates and broader cost-of-living pressure are changing the national mood, and why small business, private investment and simpler rules still matter if Australia wants to stay competitive. The conversation also touches on super, the role of large institutions, and why clearer economic thinking matters more when confidence is low. Owen pushes on the bigger picture too: whether Australia has lost ambition, why the policy debate feels less honest than it should, and what needs to change if Australians want better opportunities over the next decade. If you want a plain-English discussion about housing, tax, productivity, competitiveness and the long-run direction of Australia, this is a timely episode to queue next. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Mitchell Sneddon sits down with Mark Ambrose from Global Value Fund to unpack one of the more unusual deep value trades of the COVID era: buying into airplane leases when the aviation market looked uninvestable. Mark explains why GVF was drawn to the setup. The fund was not trying to make a heroic prediction about airlines bouncing back overnight. Instead, the team focused on asymmetry, cash on the balance sheet, the behaviour of forced sellers and the gap between a panic price and a conservative base case. It is a practical look at how deep value investing works when uncertainty is extreme. Mitch and Mark walk through Amadeo Air 4 Plus, how listed aircraft leasing funds were structured, why certain A380 sales mattered so much, and how bespoke valuation work helped frame the risk. They also discuss downside protection, why edge matters more than simply sounding smart, and how shareholder engagement and later takeover interest helped unlock value over time. If you like contrarian investing, fund-manager process and real examples of asymmetric opportunities, this conversation is well worth your time. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s 2 Sense episode of the Australian Investors Podcast, Owen Rask and Drew Meredith unpack the messy collision of budget politics, company results and AI hype shaping markets right now. They look at the latest tax chatter, the debate over whether Australia is getting better at redistributing wealth than creating it, and why policy headlines can shift investor behaviour long before the real-world outcomes are clear. They also run through a broad batch of company updates, including Temple & Webster, Brambles, Commonwealth Bank and BHP, asking what actually matters and what is just noise during another busy stretch of reporting season. Along the way, they test the limits of tools like Claude and ChatGPT, debate whether AI can genuinely help investors think better, and explore where these tools still risk encouraging lazy decision-making or false confidence. The episode finishes with practical listener questions on investment bonds, how to invest in your 20s versus your 60s, and how to balance growth, income and simplicity when markets feel messy. If you want a grounded Australian take on the budget, ASX results, AI and the real questions investors are asking in 2026, this is a strong episode to queue next, especially if you want a clearer framework for handling uncertainty. Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

AI can now generate prototypes, content and product ideas at speed — but Figma’s Andrew Hogan says the real edge is still human judgment. In this episode, Owen Rask chats with Andrew about what AI is changing inside teams, why design is becoming more valuable, and how leaders are using better tools to communicate ideas with more clarity. They explore why senior designers may be worth more than ever, how non-designers are increasingly doing design work, and why businesses are taking on bigger projects because AI expands what feels possible. If you want to understand where AI is creating value, how creativity is changing, and what this means for product teams, founders and investors, this is a sharp and practical conversation. Resources for this episode ⁠Buy Gemma’s book “The Money Reset”⁠ ⁠Speak with the Rask Advice team⁠ ⁠Ask a question (select the Finance podcast)⁠ Show partner resources ⁠Join Pearler using code “RASK” for $15 of Pearler Credit⁠ ⁠Get 50% off your first two months using PocketSmith⁠ ⁠View Betashares range of funds⁠ Rask resources – ⁠All services⁠ – ⁠Financial Planning⁠ – ⁠Invest with us⁠ ⁠Access Show Notes⁠ ⁠Ask a question⁠ ⁠We love feedback!⁠ Follow us on social media: Instagram: ⁠@rask.invest⁠ TikTok: ⁠@rask.invest⁠ DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): ⁠https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s 2 Sense, Owen and Drew tackle a bigger question than one stock or one budget line item: is Australia getting worse at creating wealth? Rask Wealth Checker: https://rask.au/wealth-checker That opens a sharp conversation about tax chatter, policy drift and why uncertainty can make it harder for founders, investors and workers to build long-term value. The episode also revisits CSL, touches on private credit noise, and asks what matters when headlines get louder than fundamentals. It is a useful reminder that great businesses can still be overhyped, and that policy settings can shape how willing people are to build, invest and take risk. The listener question is a beauty: how do you value a private business? Owen and Drew explain why valuation is part maths, part judgement. They unpack EBITDA multiples, growth, repeatability, owner dependence and why what a business is worth to you can differ from what a buyer will pay. If you want practical market commentary with a founder’s lens, this one delivers. Episode resources Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Mitch sits down with Nick Sladen for a deep dive into Cogstate and why it may be one of the more compelling ASX healthcare names right now. Alzheimer's and broader central nervous system diseases are becoming more important as populations age, and Nick explains why that matters for Cogstate. The company plays a small but critical role in clinical trials, helping large pharmaceutical groups run cognitive testing with higher accuracy, cleaner data and stronger regulatory confidence. With more than 20 years of accumulated testing data, Cogstate has built an edge that is hard to replicate quickly. Mitch and Nick also unpack the numbers behind the bull case. They discuss strong margins, net cash, a share buyback, dividend flexibility and why AI could improve throughput rather than undermine the business model. The conversation also goes beyond Alzheimer's into rare disease, depression, schizophrenia and sleep trials, plus the role partnerships like Medidata could play in widening the opportunity set. They finish by testing the risks, including pharma spending cycles, execution, competition and the possibility that AI changes parts of the workflow over time. If you want a practical breakdown of a high-quality small-cap healthcare business with structural tailwinds, this episode is well worth your time. Episode resources Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of 2-Sense, Owen and Drew ask a big question: is Warren Buffett falling behind in 2026, or is Berkshire Hathaway just investing on a different timetable to everyone else? They unpack Buffett’s huge Apple exposure, Berkshire’s growing cash pile and the broader debate around whether AI is changing the investing playbook or simply changing what investors are paying attention to right now. The conversation then swings back to Australia, with a close look at Magellan’s decision to outsource management of its global equities funds. Owen and Drew explore what the move says about the business, why it matters when a once-dominant fund manager changes course, and what investors should watch from here. They also dive into the May budget chatter, from capital gains tax and negative gearing to new housing incentives and the knock-on effects policy changes can have on wealth creation. There’s more on Bluey’s blockbuster economics, company news from Coles, ANZ and NAB, thoughts on Alphabet, Amazon, Meta and Microsoft, plus a practical buy, hold or sell-style discussion to round things out. Episode resources Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Dimensional Fund Advisors has quietly built one of the most respected investment firms in the world on the back of Nobel Prize-winning academic research. In this episode, Mitchell Sneddon sits down with Bhanu Singh, Australian CEO of Dimensional Fund Advisors and head of the world's largest active ETF manager, to unpack the philosophy, factors and discipline behind the firm. Bhanu walks through the legendary names on Dimensional's board and advisory panel — Eugene Fama, Kenneth French, Robert Merton, Myron Scholes and Merton Miller — and explains how their work on efficient markets, the Fama-French factor model, options pricing and arbitrage shaped modern finance and indexing as we know it. The Topics: - How Dimensional translates academic research into real-world portfolios - The five factors driving expected returns: market beta, size, value, profitability and investment - Why market efficiency doesn't mean passive indexing - How Dimensional trades 95% of equities in-house using its proprietary tick database - Why 80%+ of active managers underperform their benchmarks over the long run - The truth about home bias, yield obsession and concentration risk in Australian portfolios - Why thematic ETFs are often sold, not bought - The cultural reason Dimensional has never closed a fund Resources for this episode Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith tackle a question that would spook plenty of income investors: what should you do if your shares land on the most shorted list? That opens a broader discussion about dividend traps, earnings risk and whether a big yield is actually a warning sign. The pair also dig into recent results from Tesla, Microsoft, American Express and Lululemon, and what those numbers may be saying about spending, margins, capital investment and market expectations. Topics covered - The most shorted ASX shares and dividend trap risk - Tesla, Microsoft, American Express and Lululemon results - Passive income ETF portfolios and why total return still matters - When high yield becomes a warning sign for investors - Property, CGT and shifting capital into ETFs The back half of the episode turns practical, with Owen and Drew unpacking passive income ETF portfolios, liquidity, and how investors can think about income and diversification when cash rates are no longer near zero. They also tackle the CGT trade-off many Australians face when deciding whether to keep holding property or rotate some capital into ETFs. Resources for this episode Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group Pty Ltd is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In May 2026, Jerome Powell's tenure as chair of the US Federal Reserve comes to an end. His replacement is Kevin Warsh — a former Fed governor and Donald Trump's hand-picked choice to lead the world's most powerful central bank. The appointment has been anything but quiet, arriving against a backdrop of sustained political pressure from the Trump administration, public attacks on Powell, and a criminal investigation into cost overruns at the Fed building. But beyond the politics, what does the leadership change actually mean for US monetary policy, for inflation, and critically, for Australian investors and retirees? To break it all down, Mitchell is joined by Kris Bernie, portfolio manager at fixed income specialist Kapstream Capital. Kris is responsible for macroeconomic research, asset allocation, and interest rate and foreign exchange trading — which means he watches the Federal Reserve more closely than most. What you'll learn in this episode - Why the Fed chair matters to Australians — from equity markets and the Aussie dollar to term deposit rates - Who Kevin Warsh is and why Trump picked him - How Warsh's inflation-focused philosophy differs from Powell's dual-mandate approach - The political pressure Warsh is likely to face — and its limits - Why he's still just one vote of twelve on the FOMC - The difficult environment he's inheriting: sticky inflation, a bloated Fed balance sheet, and stagflation risk - What happens to Australia if the US consumer runs out of steam Topics covered - Why the Fed chair matters to Australian investors and retirees - Who is Kevin Warsh, and why did Trump pick him? - How Warsh's philosophy differs from Powell's - Rules-based vs discretionary monetary policy, and what the Taylor Rule actually means - How much influence can Trump realistically exert over the Fed? - The stagflation risk: tariffs, oil prices, and second-round inflation effects - The US consumer: how tapped out are they, really? - Australia's idiosyncratic inflation problem and the RBA outlook - How Kapstream is positioning across credit spread duration and rates duration - Can AI productivity gains actually move the dial on inflation? - Kapstream's listed ASX products, including XCAP Episode Resources Kapstream Website Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg KAPTREAM DISCLAIMER: This is general information only and does not take into account your personal objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances and read the Product Disclosure Statement (PDS) and target market determination (TMD) on our website. Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 is the responsible entity and issuer of interests in the Kapstream Absolute Return Income Fund and the Kapstream Absolute Return Income Active ETF. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this 2 Sense episode of the Australian Investors Podcast, Owen Rask and Drew Meredith move from practical investing questions to the bigger forces shaping portfolios right now. They settle the active ETF vs managed fund debate, run through the latest from Intel, Netflix and JP Morgan, pick the sectors they reckon will shine over the next decade — and ask the big one: could Warren Buffett have pulled it off if he'd grown up in Australia? Topics covered Active ETFs vs managed funds Intel, Netflix and JP Morgan Budget tax chatter and policy risk The best ASX sectors for the next 10 years Would Buffett have succeeded in Australia? Resources for this episode Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode was originally featured on The Australian Finance Podcast. In this Australian Investors Podcast episode, your host Owen Rask is joined by Brian Parker, Chief Economist of Australian Retirement Trust (ART), to discuss how ART thinks about runway, portfolio construction, private markets and when volatility becomes opportunity. They cover: - What a chief economist actually does and how ART turns research into portfolio action. - How “super money” is different: time horizon, tax wrapper and the power of compounding. - Geopolitics, inflation and how ART assesses signals in a multipolar world. - AI — threat vs opportunity, productivity wins, and policy implications for workers. - Why private assets and inflation-linked income matter in portfolio construction. - What does a Chief Economist do? - How super funds invest differently (decades, not months) - Why market volatility = opportunity - The impact of geopolitics (Ukraine, Middle East, trade tensions) - Inflation vs deflation: what’s really happening - How AI could reshape the global economy - Why diversification is the “only free lunch” - The role of private assets (infrastructure, property, private equity) - Why super funds can access investments you can’t - Real returns: why inflation matters for your future - How to think long-term about your super Resources for this episode Learn more about Australian Retirement Trust ⁠here Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Speak with the Rask Advice team Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Have the chance to win a 5k travel voucher. Take the TermPlus survey here (last entry 31st of May) Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Australian Investors Podcast, Drew Meredith and Owen Raszkiewicz name four of the worst ASX 200 stocks from the past five years, Zip Co (ASX: ZIP), Nuix (ASX: NXL), Dubber (ASX: DUB) and EML Payments (ASX: EML), and explain the warning signs investors should have spotted earlier. They also unpack the Nasdaq's 11-session winning streak, Betashares ATEC inflows, the Magellan and Barrenjoey merger, and listener questions on David Gardner, flop stocks and the long-term impact of Australia's ageing population on super. Watch on YouTube AFR: Magellan’s merger with Barrenjoey Australian Investors Podcast on Rask Media Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more DISCLAIMERThis podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group Pty Ltd is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

2025 was a record-breaking year for Emerging Markets, seeing the largest capital inflows in over a decade. But is this a short-term flight from the US dollar, or the beginning of a structural "EM Supercycle"? In this episode, we sit down with Malcolm Dorson (Senior PM & Head of EM Strategy) and Billy Leung (Equity Research Analyst) from Global X to dissect the two engines of global growth: India and China. We explore why the "uninvestable" tag is fading from China, how India is carving a unique path through its landmark 2026 Free Trade Agreement with Europe, and why a 1% drop in the US dollar could be the most important signal for your portfolio. In this episode we cover: The Great EM Rotation The "February Surge": Breaking down why we just saw the largest inflows into EM in 11 years. Is it "choice" or a "flight from the US"? Early Innings: Exploring Global X’s thesis on whether we are at the start of a multi-year Emerging Market cycle. The 3.1% Rule: The Dollar & EM The Inverse Relationship: Understanding the mechanics of why EM equities historically rise 3.1% for every 1% drop in the US dollar. Currency Risk: How to manage FX volatility when investing in volatile regions. China: From "Uninvestable" to Rebirth The Sentiment Shift: Looking back at the regulatory hurdles of previous years and what has changed to bring institutional capital back to Beijing. AI & Tech: How China’s push for "tech self-reliance" and the rise of local LLMs (like the DeepSeek breakthrough in early 2026) are changing the narrative. India: The World’s New Growth Engine The India-EU FTA: The implications of the "Mother of All Deals" signed in January 2026 and how it positions India as the premier "China Plus One" beneficiary. Demographics vs. Policy: Is India simply where China was 20 years ago, or is the "market-friendly" democratic framework a fundamentally different catalyst? The AI Arms Race - Tailwinds vs. Headwinds: Does India’s services-heavy economy have a natural advantage in AI implementation, or does China’s manufacturing scale give it the edge in hardware? Portfolio Construction & Strategy - Active vs. Passive: Why broad index tracking might be dangerous in EMs and where to apply "quality" filters. - The $100k Challenge: A hypothetical breakdown of how to allocate $100,000 across the EM landscape today. Resources for this episode Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Raszkiewicz and Drew Meredith discuss why Owen's most overrated ASX share is CSL Limited (ASX: CSL) and reveal the names of the 1 stock they would own for 20 years. - Owen's most overrated stock: why CSL no longer deserves a super rich valuation on the ASX.-NextDC's $1b hybrid deal: The massive capital raise with Canada's La Caisse and what it means for the data centre giant (ASX: NXT). - Guzman y Gomez (ASX: GYG) rockets: Breaking down the fast food chain's 18.6% surge following a strong Q3 update. - Private credit risks: Lessons from the failure of Infinity Pharmacy and what it means for Wesfarmers and Priceline. - Macro updates: The Iran situation, Strait of Hormuz, and NASA heading back to the moon. Listener Q&A: - Investing without researching (the PDS trap). - A beginner's crash course on 'points' and 'bips' (basis points). -The crazy uncle hypothetical: Where to invest a $250k inheritance in a single ASX stock. -Addressing the Magellan Financial Group Ltd (ASX: MFG) and Barrenjoey deal concerns. Resources: - Rask Financial Planning - Get Owen to invest for you - Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

How does a "boring" electrical engineering firm from Texas become one of the best-performing stocks on the NASDAQ? In this episode, we sit down with Tobias Bucks from Ausbil to dissect Powell Industries (NASDAQ: POWL). While the stock's recent vertical climb has caught the market's attention, the reality is that Powell is an overnight success story 79 years in the making. Beyond the stock pitch, Tobias opens up his investment playbook, sharing how his background in anthropology shapes the way he asks questions, uncovers "unrecognised growth," and identifies workplace cultures that the market has failed to imagine. In This Episode, You’ll Learn: The art of the question Tobias explains why "markets are efficient but have no imagination." We start with his unique process for analysing companies, a process Tobias and his co-portfolio manager Simon Wood have honed over decades. – A question about questions: How an academic background in human behavior helps in vetting management culture and asking better questions. – The filter: The specific set of questions Tobias and his team use to find "unrecognised growth." – Beyond the spreadsheet: Why the most important data points often aren't found in a terminal, but in the gap between a company's narrative and its execution. Powell Industries: The 79-Year evolution We trace the history of Powell, founded in 1947, and how its deeply-ingrained culture survived decades of family leadership to meet the modern moment. – The Product: From custom switchgear to complex integrated power solutions. – The Pivot: How their customer base shifted from a heavy reliance on the Texas oil and gas cycle to becoming a mission-critical provider for data centers and the electrical grid. – The Order Book: Why customers are now "falling over themselves" for Powell’s products and what that means for future earnings. The investment case: Growth the market missed Tobias walks us through the lifecycle of the investment: – The Ideation: When did Powell first hit the Ausbil radar, and what were the "must-answer" questions before building a position? – Testing the Narrative: Is Powell just an "AI spend" beneficiary, or is this a structural shift in global infrastructure? – Managing Risk: Discussing the cyclical nature of their industry and how to know when it’s time to exit. – The "Watchlist" Strategy: Under what conditions would Tobias sell out and then re-enter a position? Resources for this episode Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith are back for 2 Sense. Invest with Owen: https://bit.ly/R-invest Rask financial planning: https://bit.ly/R-plan TOPICS COVERED: – Buying falling stocks vs chasing winners – Designing the perfect ASX ETF – Xero’s AI deal with Anthropic and what it means – CSL, inflation risks, and market concentration concerns Listener Questions Answered 🧾 Investment bonds for kids (The Frugal Farmer) 🏠 SMSF + property advice (Deer in the Headlights) 💰 LICs vs ETFs (AFICionado) Resources for This Episode Learn more about portfolio strategy & investing: – https://www.rask.com.au/rask-invest – https://www.rask.com.au/education – https://www.rask.com.au/investing-guides ~~ Rask Resources ~~ Explore all Rask services – https://bit.ly/R-services Get Financial Planning – https://bit.ly/R-plan Start investing with Rask – https://bit.ly/R-invest Access Show Notes – https://bit.ly/R-notes Ask a question – just select the Investors Podcast – https://bit.ly/R-quest Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg #Investing #Finance #AustralianInvestorsPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Owen Rask and Billy Leung from Global X throw down the challenge to build two themed $100,000 ETF portfolios — one focused on AI infrastructure and the other on value investing — discussing long-term strategy, mistakes, lessons and the future of markets. In this Australian Investors Podcast episode, your hosts discuss:– The one investment Billy held the longest (and what it taught him)– The most expensive mistake we’ve made as investors– Two $100,000 themed ETF portfolios with a 5-year total return goal– AI infrastructure vs value investing — which wins? If you love learning about ETFs, long-term strategy and portfolio construction, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Resources for this episode Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s 2 Sense episode, Owen and Mitchell lean into the chaos of the current market. From the geopolitical ripples of the Iran conflict to the surprisingly high cost of plastic piping, they trace the butterfly effect of oil through the ASX. Plus, Owen returns from Vietnam with some eerie travel tales, and the team checks in on the ever-evolving saga of Richard White and WiseTech. Topics covered – The Global Oil Squeeze: With the war in Iran showing no signs of de-escalating, they unpack the unintended consequences. It is not just at the bowser — they look at Reece Ltd (ASX: REH) and how the rising cost of oil-derived materials is forcing a price hike on PVC piping. – EV smugness: While the rest of the country groans at $2.50+ fuel prices, Owen takes a literal victory lap in his Tesla. – SpaceX IPO and to the moon: A rare glimmer of optimism. They discuss what SpaceX actually does, how it makes money, and why its listing could provide investors with the world’s most unique monopoly. – The Falling Knife ETF: The crusade continues. They are still trying to get Drew’s Falling Knife ETF into production, and Marc Jocum from Global X takes them through what needs to happen to get it made. – WiseTech and the $40 floor: Richard White is back in the headlines. With WiseTech (ASX: WTC) shares dipping below the $40 mark, they ask the hard question: will shareholders remain loyal to the founder now that the capital gains have evaporated? – Postcards from Vietnam: Owen shares his recent trip to Vietnam and his observations of the ghost resorts. – Listener questions: Keep them coming! Resources for this episode Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

The market is obsessed with AI as the sole driver of energy demand, but the "Saaspocalypse" of February taught us that picking AI winners is a volatile game. In this episode, Mark Jones from Resolution Capital explains why the real opportunity lies in the "picks and shovels" that power the modern world: Electricity Utilities. We dive into why Resolution Capital has doubled down on utilities (60% of the portfolio), the reality of the US re-shoring trend, and why this is a multi-decade structural shift that remains underappreciated by the broader market. In this episode, we discuss: - Defining a great investment: What separates a "good" asset from a truly "great" infrastructure investment in the current macro environment? - Post-Saaspocalypse lessons: How the February crash in AI-adjacent software reshaped the way Resolution Capital views "AI beneficiaries." - The utility overweight: Why electricity utilities are now more than double the size of the next largest position in the fund. - The energy thesis (beyond AI): AI consumes a massive amount of power, but is that the only reason to own these stocks? We look at the intersection of decarbonisation and digitisation. - The "Re-Shoring" factor: How much of the US energy demand relies on the return of manufacturing, and would a change in the White House administration kill this trend? - Spotting the obvious: When an investment theme looks "too easy," the returns are usually gone. Mark explains what the market is still missing about the demand side. - Managing risk: From regulatory hurdles to the "build-out" risk—can we actually build too much infrastructure? - The Australian angle: Does Mark hold any local names in that 60% power allocation? - Stock in focus: A deep dive into a "great utility" currently held in the portfolio and why it fits the Resolution Capital framework. Resources for this episode Resolution Capital Website Resolution Capital Infrastructure Fund Ask a question (select the Investors podcast) Show partner resources ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, with Owen on holiday in Vietnam, Mitchell Sneddon joins Drew Meredith to discuss: – US–Iran conflict and what it means for oil prices, inflation and markets – L1 Capital’s new gold listed investment company – Hansen Corporation in the news and a look at the billing software providers prospects – What has had a worse effect on markets to date, the Iran war or the SaaSpocalypse? – How is Mitchell almost last in the Stock Genius game? Drew reviews his portfolio or AD8, TAH, EDV, DTEC and more. – Would you invest in defence stocks? We look at the inflows for the major defence ETFs: DTEC, ARMR and DFND – Are you keen to invest in Drew’s falling knife ETF? Expressions of interest open now! If you love learning about investing, markets and portfolio strategy, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Resources for this episode Mitchell’s episode with Navigator Global Investments Mitchell’s episode with Neuren Pharmaceuticals Ask a question (select the Investors podcast) ETF investor? Go beyond ordinary with Global X: View all funds Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Private credit is growing rapidly in Australia. Understanding how managers actually operate may matter more than the yield itself. In this episode of the Australian Investors Podcast, Mitchell sits down with Nicole Kidd, CEO of Corval Avenue, to unpack how investors should evaluate real estate private credit managers. As private credit continues to attract capital with double-digit yields, Nicole explains why the manager is effectively part of the asset — and how weak governance, conflicted incentives, or poor reporting can turn an attractive investment into a multi-year workout. The conversation provides a practical framework investors can use to separate disciplined credit operators from opportunistic deal shops. Together they discuss - The idea that in private credit the manager is part of the asset, with vastly different outcomes possible on identical deals - Weak credit governance as the first major red flag and the role of independent credit committees in serious firms - Short track records and perfect returns as potential signs of cherry-picked performance or untested managers - Misaligned incentives and fee structures that quietly shift returns away from investors - Conflicts across the capital stack when managers operate as lenders, brokers or equity participants - Transparent reporting and honest default disclosure as signals of a disciplined credit operation - Green flags of strong managers, including co-investment, institutional processes and operational depth Resources for this episode Buy Gemma’s book “The Money Reset” Ask a question (select the Finance podcast) Show partner resources Join Pearler using code “RASK” for $15 of Pearler Credit Get 50% off your first two months using PocketSmith View Betashares range of funds Rask resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss: – Why Drew invested in a Melbourne bar – Rising distrust in superannuation – Div 296 and SMSF strategy questions – Retirement bucket strategies and FIRE investing If you love learning about retirement planning and investing strategy, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Why Drew invested in a bar - Beneath Driver Lane Drew explains: – When the opportunity emerged (2018) – The due diligence process – Why having the operator with skin in the game mattered – Surviving COVID – Lessons from inflation and margin pressure – Expansion to Baby Driver Big takeaway: Keep costs low. Avoid debt. Align incentives. Bootstrapping works. Super distrust: what’s going on? A recent survey showed: – 58% of pre-retirees plan to withdraw super in lump sum – One third considering high-risk assets (including crypto) We discuss why disengagement with super leads to poor decisions and why understanding the structure matters more than fear. Listener Question: $4m SMSF and Div 296 A listener who achieved FIRE at 39 asks: – Should they sell down to avoid Div 296 impacts? – Should growth sit outside super and income inside? We explain: – What Div 296 actually does – Why average tax rate matters – Why panic selling rarely helps Bucket Strategy Explained Yoda Best asks about bucket strategies. We break down: 1. Short-term cash bucket (2 years expenses) 2. Medium-term income assets 3. Long-term growth bucket Purpose: Reduce emotional decision-making in retirement. Hypotheticals – If franking credits were abolished overnight – If passive investing was banned – If you could have lunch with any investor (living or dead) Plus: Japanese ETF discussion and CGT property rules. Topics Covered – Private business investing lessons – Super strategy and Div 296 – Retirement income planning – Behavioural investing mistakes Resources for This Episode Super resources: Super Checker Tool Div 296 Webinar Ask a question (select the Investors podcast) Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Booking Holdings Ltd deep dive, we sit down with Alan Pullen from Magellan Investment Partners to analyse the evolution of a travel giant. From its origins as Priceline.com during the dot-com era to its transformative acquisition of Booking.com, we explore how the company’s shift from an agency model to a merchant model has reshaped its financial profile. We break down the "Connected Trip" strategy and examine how the integration of brands like Agoda and OpenTable creates a powerful network effect that continues to dominate the fragmented European and global hotel markets. As investors look for long-term value, this analysis scrutinises the Booking Holdings moat in the face of rising competition. We address the critical question: Is Google or AI a legitimate threat to their market share, or will these technologies serve as enhancers for their data-driven ecosystem? Whether you are looking at management alignment, loyalty program efficacy, or the investment case for BKNG stock, this episode provides a comprehensive look at the risks and opportunities within the current economic environment. Alan Pullen is the co-portfolio manager for the Magellan Global Opportunities Fund (ASX:OPPT). Talking Points: - William Shatner’s regret: Being paid in Priceline stock - What hotel reservations used to look like and what happened to Wotif? - The start of Booking Holdings’ life as Priceline in 1997 - Priceline lists on the Nasdaq in 1999, just before the dot-com crash - How did Priceline fare during the dot-com crash? - Surviving the crash and acquiring a small Dutch business called Booking.com - Booking.com’s original agency business model vs. the merchant model - How the agency model accelerated Booking’s success and disrupted incumbents - Booking’s network effect and the fragmented European hotel market - How has Booking.com competed in markets outside of Europe? - Booking’s acquisition of brands like Agoda and OpenTable - Booking’s business model today: The merchant model overtakes the agency model - Does Booking benefit from the "float" provided by the merchant model? - Understanding the “Connected Trip” and why the app is vital to Booking Holdings - OpenTable and Booking’s move into "Experiences" - The power of Booking Holdings’ data - How important is the Booking Holdings loyalty programme? - What is Booking Holdings’ moat? - What do hotels pay to Booking? - Booking Holdings’ competitors and business risks - Is Google a threat to Booking Holdings? - Is AI a threat or an enhancer for Booking Holdings? - Management quality: Are incentives aligned with shareholders? - Macro risks: How exposed is Booking Holdings to economic volatility? - The investment case for Booking Holdings - Key questions investors should ask when reading Booking Holdings reports - How important is US growth for Booking Holdings? - When is the right time to buy Booking Holdings? Resources for this episode Ask a question (select the Investors podcast) Visit TermPlus to learn more OPPT ~~ Rask Resources ~~ Explore all Rask services – https://bit.ly/R-services Get Financial Planning – https://bit.ly/R-plan Start investing with Rask – https://bit.ly/R-invest Access Show Notes – https://bit.ly/R-notes Ask a question – just select the Investors Podcast – https://bit.ly/R-quest Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss: – US–Iran conflict and what it means for oil prices, inflation and markets – Magellan’s merger with Barrenjoey and what it means for investors – Netflix stepping away from the Warner Bros deal – Reporting season highlights: Block, Woolworths, Apple, NAB and more If you love learning about investing, markets and portfolio strategy, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Resources for this episode Ask a question (select the Investors podcast) Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask is joined by Luke Winchester, founder of Merewether Capital, to discuss: – How Luke filters 2,000+ ASX stocks down to a high-conviction watchlist – What makes a quality micro cap in today’s market cycle – Five ASX micro caps Luke is watching (and in some cases owning) – Why process, patience and position sizing matter in small caps If you love learning about micro cap investing, ASX small caps and long-term compounding, subscribe to the Australian Investors Podcast on Apple , Spotify, or YouTube ! Follow us on Instagram and TikTok for more investing insights. Topics Covered Luke explains how he narrows 2,300+ ASX stocks to a focused universe of ~100, then to a concentrated portfolio. He discusses avoiding mining explorers, pre-revenue biotechs and heavily loss-making businesses, and why genuine cash flow and scalability matter. – What part of the market cycle are we in? The conversation covers interest rates, volatility and why micro caps can offer opportunity when information is scarce and sentiment is weak. Luke’s 5 ASX micro cap stocks to watch: LaserBond (ASX: LBL) – Industrial laser cladding technology extending machinery life. – High-margin IP and ESG tailwinds – Recent margin recovery after a capex investment phase – Key metric: gross margin recovery and utilisation XRF Scientific (ASX: XRF) – Analytical lab equipment and consumables for mining. – High-margin consumables business (strong profit-before-tax margins) – Exposure to mining activity without being purely exploration-driven – Key metric: consumables profit growth, not just revenue Austco Healthcare (ASX: AHC) – Nurse call and healthcare workflow technology. – Transition from low-tier products to higher-value integrated systems – Turnaround story driven by management execution – Key metric: backlog conversion and recurring revenue growth Change Financial (ASX: CCA) – Payments infrastructure and card issuing platform. – Platform-style economics with operating leverage – Inflection point in profitability – Key metric: revenue growth and scale across its fixed cost base Kip McGrath Education (ASX: KME) – Tutoring franchise with education tech upgrades. – Turnaround after US expansion missteps – Strong free cash flow as capex moderates – Key metric: franchise network growth and cash generation – Which stock is most misunderstood? – Luke highlights LaserBond as a business where short-term margin pressure obscured long-term value. – Final reflections on process and discipline – Why separating business performance from share price volatility is essential in micro cap investing. Resources for This Episode – Merewether Capital website – Episode 1/2 with Luke Winchester – Subscribe to Luke’s free monthly updates via Merewether Capital Rask Resources - Explore all Rask services - Get Financial Planning - Start investing with Rask - Access Show Notes - Ask a question – just select the Investors Podcast Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here. #Investing #Finance #AustralianInvestorsPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss: – NVIDIA’s 73% revenue growth and what it means for Aussie investors – Why the ASX rally may be dangerously narrow – WiseTech cutting 2,000 jobs and what AI means for software – Major ASX results: Woolworths, Domino’s, ARB, Accent & more If you love learning about long-term investing, markets and business analysis, subscribe to the Australian Investors Podcast on Apple , Spotify , or YouTube! Follow us on Instagram and TikTok for more investing insights. Topics Covered – NVIDIA earnings & AI disruption – ASX reporting season recap – Narrow market breadth warning – Rate hike probabilities – Portfolio hedging strategies – Career pathways in finance – Commercial property vs index investing – Big investing “what if” scenarios Resources for this episode Buy Gemma’s book “The Money Reset” Ask a question (select the Finance podcast) Show partner resources Join Pearler using code “RASK” for $15 of Pearler Credit Get 50% off your first two months using PocketSmith View Betashares range of funds Rask resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss: – Reporting season highlights: BHP, Challenger, Treasury Wine Estates and JB Hi-Fi – BHP’s record high and the copper narrative – AI disruption and personal financial resilience – Listener questions: VDHG + alternatives, CGT transfer to partner, gearing in super If you love learning about investing, reporting season and portfolio strategy, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Topics Covered: – Reporting season: BHP, Challenger, Treasury Wine Estates, JB Hi-Fi – Why BHP’s copper pivot is front and centre – The ASX “two-speed” feel: banks/resources up, pockets in between struggling – AI disruption and the case for financial resilience – The 2026 stock market game leaderboard update – Hypotheticals: only greater than $10b vs less than $1b market caps; $1m to invest with no US exposure – Listener Q&A: VDHG + alternatives, transferring ETFs for tax, gearing in super Episode Resources: Learn more about: reporting season, portfolio strategy and super – Rask community – Ask a question (select Australian Investors Podcast) Rask resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Raszkiewicz sits down with Taylor McPhail, CEO and owner of McPhail’s Furniture, to unpack: – How McPhail’s went from $22m to $45m revenue – The painful dip that nearly broke the business – Why moving to Shopify unlocked explosive growth – The $45m, 100-acre logistics expansion in regional Victoria Taylor first joined Owen on-site in Wangaratta when the business was riding high at $22 million in revenue. Since then, McPhail’s dipped below $20m, rebuilt its structure, hired a new GM, doubled down on systems — and is now tracking towards $45 million in annual sales. This is a raw, tactical breakdown of what it actually takes to scale a regional retail business nationally — without VC money. If you love learning about business growth, capital allocation and scaling Australian companies, subscribe to the Australian Investors Podcast on Apple, Spotify or YouTube. Follow us on Instagram and TikTok for more investing insights. Topics Covered – Rapid growth and the $22m → $45m jump What actually changed between 2022 and today. – The burnout phase Why growth stalled, what broke internally, and how structure fixed it. – Shopify and 80% online sales How the move unlocked inventory control, cash flow visibility and marketing scale. – $59 nationwide delivery & two-week guarantee How McPhail’s beat industry norms of 2–5 month wait times. – Custom rail containers to Perth Solving logistics as a competitive moat. – Zero debt in operations, 70% LVR on property Taylor’s split risk philosophy. – $30m total debt explained Why he’s comfortable — and how he stress-tests interest rates. – The 100-acre expansion Why doubling down in Wangaratta makes more sense than decentralising. – Capital allocation decisions If given $5m today — trucks, property or inventory? – Founder lessons Overpaying staff early. Why structure beats hustle. The one boring thing that wins every time. Resources for This Episode Learn more about McPhail’s: – https://mcphails.com.au/ Watch Episode 1 (original on-site interview): – https://www.youtube.com/watch?v=cpvpqoqPZLU ~~ Rask Resources ~~ Explore all Rask services – https://bit.ly/R-services Get Financial Planning – https://bit.ly/R-plan Start investing with Rask – https://bit.ly/R-invest Access Show Notes – https://bit.ly/R-notes Ask a question – just select the Investors Podcast – https://bit.ly/R-quest Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg #Investing #Finance #AustralianInvestorsPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss:– AI, vibe coding and whether software moats are at risk– Pro Medicus (ASX:PME) results and the 22% share price fall– ASX at all-time highs amid a $65bn wipeout– Listener questions on ETFs, silver, property, WiseTech and more If you love learning about investing, ETFs and Australian shares, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. The contradiction is real. The S&P/ASX 200 hit all-time highs — yet headlines screamed “wipeout” after a 2% plunge wiped nearly $65 billion off the market in a single session. Meanwhile: AMP tanked 31% Temple & Webster (ASX:TPW) fell more than 30% Pro Medicus (ASX:PME) dropped 22% on results day CSL (ASX:CSL) slid hard after earnings Banks like ANZ Banking Group (ASX:ANZ) hit fresh highs We unpack why this feels like two markets at once — and why volatility in individual stocks is rising even while the index looks calm. What’s happening in markets right now? Pro Medicus's results Rask's Reporting Season Webinar #1 Ask a question Rask Resources 🔗 Explore all Rask services – https://bit.ly/R-services 📋 Get Financial Planning – https://bit.ly/R-plan 📈 Start investing with Rask – https://bit.ly/R-invest 📜 Access Show Notes – https://bit.ly/R-notes ❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest 📲 Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg #Investing #Finance #AustralianInvestorsPodcast DISCLAIMER Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your hosts Owen Rask (and team) sit down with Brendan Malone, CEO and Managing Director of Raiz Invest Ltd (ASX: RZI), for a strategic, no-nonsense discussion on how a scaled consumer fintech actually operates. Together, they unpack: – Raiz’s true business model and unit economics – Why engagement and FUM matter more than headline customer growth – Product strategy across Invest, Kids, Plus and Super – AI, advice and compliance realities (not hype) – Capital allocation, moats and leadership under ASX pressure If you love learning about fintech, investing platforms and business fundamentals, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram (rask.invest) and TikTok (rask.invest) for more investing insights. This is a sponsored episode of The Australian Investors Podcast, as Raiz is a long-term educational partner of Rask. Topics Covered with Brendan from Raiz: – Raiz’s origin story and early strategic trade-offs – How Raiz actually makes money today – Unit economics: ARPU, LTV, CAC and operating leverage – Why Plus, Kids and Super are growing faster than core Invest – Public vs private: the realities of being ASX-listed – AI coaching vs advice and where the red lines sit – Moats, competitive threats and capital allocation discipline – What long-term investors should really watch Resources for This Episode – Raiz Invest investor centre and ASX disclosures: https://investorhub.raizinvest.com.au/ – Raiz product suite: portfolios, Super, Kids and Plus: https://raizinvest.com.au/ ~~ Rask Resources ~~ Explore all Rask services – https://bit.ly/R-services Get Financial Planning – https://bit.ly/R-plan Start investing with Rask – https://bit.ly/R-invest Access Show Notes – https://bit.ly/R-notes Ask a question – just select the Investors Podcast – https://bit.ly/R-quest Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider whether the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg #Investing #Finance #AustralianInvestorsPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask is joined by Luke Winchester, founder of Merewether Capital, to break down how a professional investor approaches ASX reporting season. Together, they discuss: – How reporting season differs from the rest of the year – Luke’s preparation process and decision-making framework – The idea that one key metric often drives a stock in the short to medium term – Small and micro-cap companies Luke is watching this season If you love learning about long-term investing and company analysis, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Luke shares how he applies his framework to real ASX examples, including: – CleanSpace Technologies (ASX:CSX) – where revenue growth is the key metric driving the investment case – Racing and Sports Technology (ASX:RTH) – with a focus on incremental margins and operating leverage Luke explains what would make him re-rate these businesses after earnings, and how reporting season can prompt position sizing decisions. Learn more about Mereweather:Merewether Capital monthly investor updates: https://www.merewethercapital.com.au/ ~~ Rask Resources ~~ 🔗 Explore all Rask services – https://bit.ly/R-services 📋 Get Financial Planning – https://bit.ly/R-plan 📈 Start investing with Rask – https://bit.ly/R-invest 📜 Access Show Notes – https://bit.ly/R-notes ❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest 📲 Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. #Investing #Finance #AustralianInvestorsPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Silver just crashed 26% in THREE DAYS - from $170 to $126. Gold plummeted from $7,800 to $6,700 in a matter of days. Just last week everyone was asking Drew about adding silver to portfolios. This is why you don't chase hot thematics! In this Australian Investors Podcast episode, Owen Rask and Drew Meredith dissect Big Tech earnings that shocked Wall Street: Microsoft (MSFT) down 11% - Azure cloud revenue up 38% but growth slowing. Capital expenditures hit $37.5 billion (up 66%), exceeding estimates. The kicker? Net income boosted by $1.02/share from OpenAI investment, with a massive $250 billion OpenAI deal accounting for 45% of Microsoft's $625 billion backlog. Meta (META) up 11% - Beat expectations with Q4 sales of $59.9 billion. Planning unprecedented AI spending: $115-135 billion capex in 2026 (up 87% from 2025's $72 billion). First AI tool not yet released! Tesla (TSLA) - Capex more than DOUBLE last year's outlay and almost twice Wall Street expectations. Discontinuing Model S and Model X to make room for Optimus humanoid robots. Acquired preferred shares in xAI. Apple (AAPL) record quarter - Revenue jumped 16% to $143.8 billion driven by iPhone 17 demand. China revenue up 38% to $25.5 billion. Services hit $30 billion (up 14%). Owen and Drew launch their 2026 Navexa portfolio challenge, with Owen offering to get a TATTOO if 1,000 people beat his returns. Drew reveals his "falling knives plus data centre portfolio" strategy. They've also taken over The Golden Times publication for retirees! Plus: Dr Deremith's interest rate call update, geopolitics impacting portfolios, and why Australian government debt-to-GDP hit 43.8% (up from 42.8%) while private debt dropped from 82% to 70% over 10 years. If you like this Australian Investors Podcast episode, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts. Resources for this episode Ask a question (select the Investors podcast) Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the US economy a mess? With markets feeling noisy and uncertain, this conversation with Nehemiah Richardson offers a perspective on where the real risks sit — and where they don’t. In the face of unprecedented social and geo-political unrest, just how unstable is the US economy? Are the AI megacaps papering over the cracks of a weakening middle class? Today’s episode is with Nehemiah Richardson, CEO of Private Credit at Pengana. We discuss the political climate and assess the real outcomes of Trump’s administration. Additionally, we ask how a professional private credit investor selects a fund manager. Below you will find links to the reports and investments mentioned in the show as well as the timestamps for the key points discussed: Links referred to in the show: - ASIC report into private credit - TermPlus - Pengana Global Private Credit Trust (ASX: PCX) - Pengana Diversified Private Credit Fund (please note this fund is for only available to wholesale investors) Talking points: - How healthy is the US consumer right now? - What can we expect to see from the Trump administration heading into the mid-terms? - What impact have the tariffs had on businesses in the US? - Why the current environment is making portfolio construction tricky - What is the difference between investment grade and non investment grade credit? - What role does fixed income play in a portfolio? - How does a professional investor choose what to invest in within private credit? - What questions does a professional private credit investor ask his fund managers? - Has the two speed economy in the US changed where professionals are allocating capital to in private credit? - A checklist for selecting private credit managers here in Australia. - What is the impact on private credit portfolios if the RBA increases interest rates - What is the difference between TermPlus, PCX the listed investment trust and Pengana’s private credit fund? - Why every leader should read Mindset by Carol Dweck Show partner resources Visit TermPlus to learn more https://termplus.com.au/?utm_source=rask&utm_medium=podcast&utm_campaign=investors&utm_term=general&utm_content=video Rask Resources All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest We love feedback! https://raskau.typeform.com/to/ZbfHy6IP Follow us on social media: Instagram: https://www.instagram.com/rask.invest TikTok: https://www.tiktok.com/@rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask wraps up the Investment Foundations Series with: The key takeaways from all 9 episodes in the series How to apply index investing, asset allocation and automation Why a simple, low-cost and diversified strategy often wins How to keep going when markets get tough or noisy If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and revisit all 10 episodes of this series. Follow us on Instagram and TikTok for more investing insights. Topics Covered Index funds, ETFs and the case for passive investing Portfolio design and rebalancing Keeping fees low and discipline high Sticking to the plan when times get tough Rask Courses Value Investor Program – Owen's free online training Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days! Rask Invest – Invest directly with Owen Go deeper and explore more episodes This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: - timeless investing principles from Warren Buffett and other legends - how to think about moats, margins of safety and compounding - why mindset, patience and simplicity matter more than genius - lessons from history’s best (and most underrated) investors If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. - Economic moats and business quality - Margin of safety and long-term thinking - The power of compounding and focus - What separates great investors from average ones Rask Courses: - Value Investor Program – Owen's free online training - Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days! - Rask Invest – Invest directly with Owen - ⁠Buy Gemma’s book “The Money Reset”⁠ - ⁠Ask a question (select the Finance podcast)⁠ Go deeper and explore more episodes - Browse the full series Show partner resources Join Pearler using code “RASK” for $15 of Pearler Credit Get 50% off your first two months using PocketSmith View Betashares range of funds Rask resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: What managed funds actually are and how they work When active management is worth the cost How to compare fund managers and watch for red flags Key tools like active share, fund style, fees and liquidity If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. What are managed funds and why do they exist? The difference between active and passive investing Fund fees, styles, liquidity and performance metrics How to assess a fund manager and avoid closet indexers Rask Courses: Value Investor Program – Owen's free online traininghttps://education.rask.com.au/courses/value-investor-program-course-with-equity-mates/ Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days!https://www.rask.com.au/landing/etfs-checkout/?level=5&discount_code=INV Rask Invest – Invest directly with Owenhttps://www.rask.com.au/rask-invest Go deeper and explore more episodesBrowse the full series at https://www.raskmedia.com.au/podcasts/australian-investors-podcast/ Topics CoveredResources for This EpisodeDISCLAIMERThis podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: - the key economic indicators all investors should know - how inflation, interest rates and GDP growth affect markets - why the business cycle and unemployment data matter - using economic data without falling into macro guessing If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. Topics Covered - Inflation, interest rates and monetary policy - Unemployment, GDP and fiscal policy - Yield curves and recession signals - How to think about economic data like an investor Resources for This Episode Rask Courses: ⁠Value Investor Program⁠ – Owen's free online training ⁠Rask Core membership⁠ – Rask's expert portfolios & stock research, $1 for 30 days! ⁠Rask Invest ⁠– Invest directly with Owen Go deeper and explore more episodes ⁠Browse the full series⁠ ⁠Ask a question (select the Investors podcast)⁠ ⁠Visit TermPlus to learn more⁠ Rask Resources ⁠All services⁠ ⁠Financial Planning⁠ ⁠Invest with us⁠ ⁠Access Show Notes⁠ ⁠Ask a question⁠ ⁠We love feedback!⁠ Follow us on social media: Instagram: ⁠@rask.invest⁠ TikTok: ⁠@rask.invest⁠ DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): ⁠https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

The Rask 2026 stock market game is live - it's called Stock Genius. Available at stockgenius.com.au, in collaboration with Navexa, the Rask Stock Market is open for you to compete and enjoy with over 1,000 fellow investors. In this episode, we cover: - Is AI killing app investing in 2026? - Are you a stock market genius? Play our game to find out - How the game works - Smart tracking for portfolios - Owen and Navarre’s top picks Resources for this episode Join the game: https://www.stockgenius.com.au/ Buy Gemma’s book “The Money Reset”- https://amzn.to/42Uz0aK Ask a question (select the Finance podcast): https://bit.ly/R-quest Show partner resources Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith View Betashares range of funds:  https://bit.ly/beta-25 Rask resources All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest We love feedback! https://raskau.typeform.com/to/ZbfHy6IP Follow us on social media: Instagram: https://www.instagram.com/rask.invest TikTok: https://www.tiktok.com/@rask.invest Disclaimer: The information contained in this podcast episode is strictly general in nature. It does not take into account your needs, goals or objectives. So do not act on the information until you have spoken to your financial adviser. The Rask Group Pty Ltd is a corporate authorised representative (No. 1313447) of Rask Licensing Pty Ltd (AFSL: 563 907). The information in our shows is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) and Target Market Determination (TMD) before making a decision to acquire any financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide on rask.com.au/legal. The Stock Genius website is built and maintained by Navexa. It does not provide financial, legal or tax advice of any kind. The Rask Stock Market Game has been created purely for educational and entertainment purposes. It is not real money and should never be considered as a recommendation, "stock picking", or investment service. The purpose of the game is community, not recommendations for, or against, investments. Investing is risky and can result in permanent capital loss. The Rask Group Pty Ltd and Navexa do not endorse or recommend investments as part of the Stock Genius website, and make no warranty for the performance of portfolios. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: how real estate investing works and the key trade-offs comparing direct property to listed shares, REITs and ETFs the real impact of gearing, illiquidity and concentration risk how shares can give you access to global real estate — without buying a house If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. Negative gearing, capital growth and property cycles Why leverage cuts both ways Diversification and risk in direct property vs shares How REITs and ETFs offer liquidity and global access Rask Courses: Value Investor Program – Owen's free online traininghttps://education.rask.com.au/courses/value-investor-program-course-with-equity-mates/ Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days!https://www.rask.com.au/landing/etfs-checkout/?level=5&discount_code=INV Rask Invest – Invest directly with Owenhttps://www.rask.com.au/rask-invest Go deeper and explore more episodesBrowse the full series at https://www.raskmedia.com.au/podcasts/australian-investors-podcast/ Topics CoveredResources for This EpisodeDISCLAIMERThis podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: how asset allocation drives long-term returns the role of diversification across assets, sectors and regions why rebalancing matters and how to do it properly how to think about portfolio structure, volatility and investment goals If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. Asset allocation: the key to long-term results Diversification across asset classes and regions Rebalancing, volatility and Sharpe ratios Core-satellite strategies and managing your risk Rask Courses: Value Investor Program – Owen's free online traininghttps://education.rask.com.au/courses/value-investor-program-course-with-equity-mates/ Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days!https://www.rask.com.au/landing/etfs-checkout/?level=5&discount_code=INV Rask Invest – Invest directly with Owenhttps://www.rask.com.au/rask-invest Go deeper and explore more episodesBrowse the full series at https://www.raskmedia.com.au/podcasts/australian-investors-podcast/ Topics CoveredResources for This EpisodeDISCLAIMERThis podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: - the rise of Vanguard and the birth of index funds - why low-cost investing is a powerful advantage - how ETFs and market-cap indexing actually work - the evidence behind passive investing outperformance If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. Topics covered - How Vanguard changed the investing world - Index funds vs active funds - ETFs, fees and the client-owned model - Why most active funds underperform Resources for This Episode Rask Courses: Value Investor Program – Owen's free online training Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days! Rask Invest – Invest directly with Owen Go deeper and explore more episodes Browse the full series Ask a question (select the Investors podcast) Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: - what value investing really means and why it works - key principles from Graham, Buffett and modern investors - how to think about intrinsic value, DCF and the margin of safety - why some stocks are cheap for a reason (value traps) If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. Topics Covered - What is value investing and how is it different? - Valuation ratios like P/E, P/B and DCF analysis - Margin of safety, mean reversion and quality - Avoiding value traps and spotting great businesses Resources for this episode Rask Courses: Value Investor Program – Owen's free online training Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days! Rask Invest – Invest directly with Owen Go deeper and explore more episodes - Browse the full series Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

Passive income investing essentials: how to use dividends, franking, bonds and reinvestment strategies to grow income and build wealth. In this Australian Investors Podcast episode, your host Owen Rask continues the Investment Foundations Series with: - the core ingredients of a passive income investing plan - how dividends, franking credits and term deposits work for Aussie investors - the psychology and risks of chasing yield - what the FIRE movement can teach us about real financial freedom If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. Topics Covered - How passive income works and why it matters - Dividends, franking credits, term deposits and bonds - Avoiding yield traps and understanding payout ratios - Total return investing vs income-only strategies Resources for This Episode Rask Courses: Value Investor Program – Owen's free online training Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days! Rask Invest – Invest directly with Owen Ask a question (select the Investors podcast) ⁠Visit TermPlus to learn more⁠ Go deeper and explore more episodes Browse the full series Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask kicks off the Investment Foundations Series with: - personal finance foundations for investors that want to grow their wealth - how to use compound interest, dollar-cost averaging and superannuation to your advantage - why goals, risk tolerance and automation matter more than you think - what smart investors get wrong about fees, psychology and behaviour If you want to level up your investment knowledge and take control of your money, make sure to subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube and follow along with this 10-part series. Follow us on Instagram and TikTok for more investing insights. ⁠Visit TermPlus to learn more⁠ Rask Core membership – Rask's expert portfolios & stock research, $1 for 30 days! Rask Invest – Invest directly with Owen Go deeper and explore more episodes Browse the full series Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask sits down with Shane Horsburgh — ex-police tactical leader, author of Fighting Blind, and leadership coach — to explore: - what it means to be guided by your soul, not your ego - redefining masculinity through stillness, patience and presence - lessons from Iraq, police tactical operations and culture change programs - how leaders collapse under complexity when they cling to control From Sound of Music tours in Austria to Special Operations on Sydney rooftops, Shane shares deeply human, practical and philosophical lessons for modern leaders. If you’re curious about how to lead in a world that’s moving faster and becoming harder to control, this conversation will reframe how you see yourself, your decisions and your team. Follow us on Instagram (Rask.Invest) and TikTok (Rask.Invest) for more investing and leadership insights. Topics covered in this Australian Investors Podcast episode - Being guided by your soul, not your ego - Stillness in chaos & emotional regulation - Masculinity, identity and leadership assumptions - Complexity, hierarchy and adaptive leadership - Quantum thinking & decision-making - AI as a leadership challenge, not a tech one - The myths that hold leaders back Resources for this Investors podcast episode Learn more about Shane Horsburgh: Fighting Blind (Shane’s book) TEDx Talk – Redefining Masculinity (2014) LinkedIn: Shane Horsburgh Ask a question (select the Investors podcast) Visit TermPlus to learn more Rask Resources All services Financial Planning Invest with us Access Show Notes Ask a question We love feedback! Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices