Smart money weekly; sexy investments, Clubhouse taking off, and nailing your money mindset

Ben Nash
Hey team,

Happy weekend.

Before I get into the money content, just want to say a massive thank you to the peeps that have got around our one-on-one Money Breakthrough sessions in 2021. From your support of these sessions we’ve been able to build three houses to provide lifetime access to disadvantaged families in India, and saved 500 square metres of rainforest in the Daintree from deforestation.

From the entire Pivot Wealth team we find that it’s a real privilege to be able to help people with their money and make a difference in the world. If you’re keen to up your money game and do some good on the planet at the same time you can check out the details and book a session here.

Share market wrap
The continued COVID vaccine rollout helped the week get off to a strong start, but lockdowns in Victoria and Auckland created some headwinds that were challenging to push through. The ultimate impact was that markets were fairly flat this week with some of Australia’s biggest companies and some global behemoths opening the kimono for reporting season. Strong results in healthcare were balanced against resource companies that dragged on markets.
Key markets numbers:

  • The ASX ‘All Ords’ (top 500 shares in Australia) finished the week 0.3% Lower than last Friday, on 7,064,00 points.
  • The US ‘S&P500’ (Top 500 shares in America) finished the week 0.12% lower than last Friday, on 3,906.71 points.
  • The US ‘Nasdaq’ (Top 2500+ mainly tech shares in America) finished the week 0.75% lower than last Friday, on 14,095.47 points.
  • The Global ‘All World’ index (measured with the iShares MSCI world index (all share markets around the world combined) finished the week 0.15% higher than last Friday, at 117.74

Investment story of the week
Agora Inc (Nasdaq:API): Agora is the company behind the newest darling social media platform kicking around the interwebs, Clubhouse. Off the back of raising some capital, Clubhouse users have grown to over 6m+ in recent months, and the value (market capitalization) of the company has increased by over $5b as a result. Share price increase of 146.56% in 2021.  Keep your eye on this one…
Money mistake of the week: blowing up money with ‘Sexy’ investments
My business coach has a great saying, ‘Boring is profitable’. He applies the saying to people in business that get distracted by things that seem really interesting, but ultimately that are distractions from their core business. This exact same lesson can be applied to how we invest. Last week I got chatting about exotic investments and where they fit in a robust investment strategy. Video here.

Weekly jargon buster
Break costs (via Mozo): Break costs are charged by lenders if you terminate a fixed rate home loan before the end of the fixed term. Break costs (also known as break fees) are often charged as a percentage of the original loan amount, and can be pretty hefty. It is important to check your home loan contract before signing on the dotted line to ensure you are aware of any break costs and are unlikely to want to terminate the loan before the fixed term is up. Different lenders can define loan ‘termination’ as anything from switching to a variable rate loan before the fixed term is up, to making early repayments during the fixed term or switching to another lender.

Money hack of the week: Mastering your money mindset
Ever get the feeling that your thinking and psychology sometimes push you to make choices that aren’t really the best for you? Do you want to change things up but not sure where to start?

Over the next week I’m going to be diving deep into content to help you understand your mindset and how it drives how you engage and relate to your money. You’ll learn how to shift your thinking to create a winning money mindset, hacks to drive better money results, and the key questions you need to ask and answer to achieve your money targets and goals.

Video talking through and introduction to Money Mindset hacks here, or you can follow the full series along on the podcast here: AppleSpotifyStitcherPodbean.

This week I’m also going to be doing a longform live web event on around ‘How to master your money mindset’ – check the deets and book your place here.

Podcast from last week:
#75 What I just invested in and why
Get around it on your podcast channel of choice here:

Smart Money upside
Because people don’t often talk about the full ins and outs of their money, it’s hard to learn lessons from hearing what good and bad choices other people make. This story from one of our clients to help you take your money game to the next level.

Couple early 30’s two kids 3 and 5, Household Income ~$250k +$80k RSU’s , cash $86k, ~$250k RSU holdings, ~$20k shares, family home~$800k

Frustrations when first coming to see us
Not enough room for growing family, wanting to look after aging parents, wanting to capitalise on employer share plan.

What they wanted from us / the advice process
Clear plan to upgrade from apartment to home with a granny flat for parents. Plan for RSU income, building a second income stream to replace employment income over time.

What money strategy they were following when we started working together
Holding money in offset account, holding RSU shares but reactively selling to pay tax bills. Small amount of share investing.

What money strategy they chose to pursue from our planning work
Sell + upgrade home, debt recycling, build passive income with investment portfolio.

Key benefits of going through the process
Five figure tax savings every year forever, confidence on strategy, getting the home they want.

Year 1 potential upside: -$53,000 (based on home purchase)
Year 20 projected upside: $1,014,530

If this story resonates and you want to chat about how to get these sorts of results, you can book an intro call here.

Be awesome,


PS: If you want a hand to get on the front foot with your money in 2021, check out our 45 minute one-on-one sessions here. We’re donating 100% of the money raised to charity, so you can up your money game and do something good on the planet at the same time.

PPS: Reminder for our next live online event coming up Feb 24: How to master your money mindset in 2021



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