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Investing in a recession, getting a car loan at 18 & the power of $5 (Investing Q&A)

Should you pay off debt, build your emergency fund or invest first? Kate Campbell & Owen Rask answer your questions on the Australian Finance Podcast.

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Should you pay off debt, build your emergency fund or invest first?

Kate Campbell and Owen Rask answer YOUR questions on this episode of The Australian Finance Podcast. We discuss investing in a recession, getting a car loan at 18, how to invest with just $5 and the investments that taught us the most.

👀 Listener questions

Car loans  → Pinky with no Brain

“The day I turned 18, I applied for a $15,000 car loan over 7 years at 11% interest. I was earning barely $400 per week, and after 3 years, I sold it for exactly half of what I paid, which didn’t even cover the outstanding balance. I still consider it to be the worst decision I ever made.

What would you say to anyone who is thinking of doing something similar today?”

What to do first? → Investment Noob

New to the pod, recently more or less having to start again with finances, i want to build up a emergency fund, normal savings and invest in some ETFs, what would be the best way to split up my extra income between these 3 buckets?

Compounding with beer → Thee Hopoate

I’ve started recycling my beer stubbies (10 cents each) and want to be able to add that money straight to my shares account. The Vanguard App doesn’t allow transfers under $200. Is there a similar ETF you could recommend that will allow transfers of $2 to $5 transactions?

  • Small bits, lots of time → power of small amounts

Is the sky falling? ⇒ Chicken Little 🐥

If I believe there will be a recession in the next 3 to 6 months but have a large sum to invest, is it better to invest now, time the market, or dollar cost average over 12mths?

Podcast resources

Don't look down for great deals 👇

📱 Pearler, the broker for long-term investors.

Sign-up to Pearler using the code “RASK” for $15 of Pearler Credit and learn more about Pearler Rewards here.

🌏 Betashares ETFs

Discover the broadest range of Exchange-Traded Funds (ETFs) in Australia on betashares.com.au.

💸 PocketSmith, a productivity booster for your money.

PocketSmith is not just a budgeting app, it’s an advanced tool that connects to nearly every bank worldwide. Basically, it’s a productivity booster for your money. With PocketSmith, you can organise your money your way and even collaborate with your household and advisors.

Ready to manage your money like a pro? PocketSmith has a special deal for Australian Finance Podcast listeners. Click here to get 50% off your first two months of PocketSmith’s Foundation plan.

The information on this website and in our podcasts 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) before making a decision to acquire a 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 before using this website.

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