The collapse of the First Guardian managed investment scheme and two others has affected thousands of investors, who combined may have lost more than a billion dollars. How did they get drawn into the scheme, and what happens now?

Join Sean Aylmer & Michael Thompson as they answer questions on business, investing, economics, politics and more.

If you have your own question for Ask Fear & Greed, get in touch via our website, LinkedIn, Instagram or Facebook!

The collapse of the First Guardian managed investment scheme and two others has affected thousands of investors, who combined may have lost more than a billion dollars. How did they get drawn into the scheme, and what happens now? Join Sean Aylmer &amp; Michael Thompson as they answer questions on business, investing, economics, politics and more. If you have your own question for Ask Fear &amp; Greed, get in touch via our&nbsp;<a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1754225881150437&amp;usg=AOvVaw2ZmluLir5LONAXoKh5CW0q">website</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1754225881150437&amp;usg=AOvVaw1bbf5oKqmexNoAPx9nR7Jr">LinkedIn</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1754225881150437&amp;usg=AOvVaw3Zc1BaTztdp0OfYD16ZF2k">Instagram</a>&nbsp;or&nbsp;<a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1754225881150437&amp;usg=AOvVaw1oYuId8tZ00N8mtGDNJHdt">Facebook</a>!

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Short, sharp answers to questions about business, investing, economics or politics. 

Got a question? Share it via our website, LinkedIn, Instagram or Facebook, and get it answered by the Fear & Greed team.

Short, sharp answers to questions about business, investing, economics or politics.&nbsp;
Got a&nbsp;question? Share it via our&nbsp;<a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw1HZbjwVzd0KVNX_Nj77aql">website</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw2idXkiO2ADJk9vNayUJoEU">LinkedIn</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw2imBHzuvcQNVIjANKic57B">Instagram</a>&nbsp;or&nbsp;<a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw10gu_Ebz3IYwqq_hchg7Km">Facebook</a>, and get it answered by the Fear &amp; Greed team.

Short, sharp answers to questions about business, investing, economics or politics. 

Fear & Greed Q+A

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Ask Fear & Greed: Can you explain the First Guardian collapse?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/837ef63a-06d1-4dc3-b485-b32900d546c3/transcript

Monday 28 September 2026

Get ready for higher loan repayments with the Reserve Bank set to lift interest rates tomorrow. 
Manufacturing in Australia needs 91,000 new workers over the next decade
Traditionally the weakest month on the ASX is September, and this year’s vintage is particularly poor
McDonald’s is set to revamp its global network of 44,000 stores
What data reveals about the secret to a happy relationship

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here. 

 

And don’t miss the latest episode of How Do They Afford That?- the five biggest myths about ETFs. Get the episode from Apple, Spotify or anywhere you listen to podcasts.

Monday 28 September 2026
Get ready for higher loan repayments with the Reserve Bank set to lift interest rates tomorrow.&nbsp;
<ul>
<li aria-level="1">Manufacturing in Australia needs 91,000 new workers over the next decade</li>
<li aria-level="1">Traditionally the weakest month on the ASX is September, and this year&rsquo;s vintage is particularly poor</li>
<li aria-level="1">McDonald&rsquo;s is set to revamp its global network of 44,000 stores</li>
<li aria-level="1">What data reveals about the secret to a happy relationship</li>
</ul>
&nbsp;
Hit follow on the podcast so you don&rsquo;t miss the latest news, and join our free <a href="https://fearandgreed.com.au/newsletter-signup">daily newsletter here</a>.&nbsp;
&nbsp;
And don&rsquo;t miss the latest episode of <a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/">How Do They Afford That?</a> - the five biggest myths about ETFs. Get the episode from <a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235">Apple</a>, <a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14">Spotify</a> or anywhere you listen to podcasts.

Rate hike on the way; McDonald’s to revamp 44,000 stores; secret to a happy relationship

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/c84bf1ee-fc95-40eb-8ef1-b4d200aaef65/transcript

It’s a huge week for the Australian economy, with the Reserve Bank widely expected to lift interest rates by 25 basis points on Tuesday - and fresh inflation data due just 24 hours later.

Sean Aylmer speaks with NAB Chief Economist Sally Auld about why inflation is proving stubborn, the risk of further rate rises, and what the latest data is telling us about consumer spending and the outlook for residential construction.

The Week Ahead with NAB is brought to you by National Australia Bank

It&rsquo;s a huge week for the Australian economy, with the Reserve Bank widely expected to lift interest rates by 25 basis points on Tuesday - and fresh inflation data due just 24 hours later. Sean Aylmer speaks with NAB Chief Economist Sally Auld about why inflation is proving stubborn, the risk of further rate rises, and what the latest data is telling us about consumer spending and the outlook for residential construction. The Week Ahead with NAB is brought to you by <a href="https://www.google.com/url?q=https://www.nab.com.au/&amp;sa=D&amp;source=calendar&amp;ust=1790936597503554&amp;usg=AOvVaw3tCwLZEsDg06E0kWb7rNj2">National Australia Bank</a>

Q+A: The Week Ahead with NAB | 28 Sep 2026

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/e32d35c6-4b2c-4b07-9e31-b4d200aaec89/transcript

Fear & Greed is proud to share an episode of our sister podcast - How Do They Afford That? - out every Wednesday, wherever you get your podcasts.

ETFs have exploded in popularity over the last decade. Exchange-traded funds are often seen as an easy way to start investing, because they can give exposure to a whole lot of different companies, in different sectors, potentially spreading risk and helping you to track market growth over time. But there are also plenty of myths and misunderstandings about how they work. Join Canna Campbell - a financial planner for 20 years - and Fear & Greed's Michael Thompson as they explore the 5 biggest myths about ETFs.

Canna and Michael's new book is available now! Pick up your copy of Twelve Months to Financial Freedom at Big W, bookshops or online.

---

The information in this podcast is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any information, you should consider the appropriateness of it and the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant Product Disclosure Statement or other offer document prior to acquiring any financial product.

​Canna Campbell is an Authorised Representative and Financial Adviser of Links Licensee Services Pty Ltd AFSL No. 700012 ABN 97 678 975 589.

Fear &amp; Greed is proud to share an episode of our sister podcast - How Do They Afford That? - out every Wednesday, wherever you get your podcasts. ETFs have exploded in popularity over the last decade. Exchange-traded funds are often seen as an easy way to start investing, because they can give exposure to a whole lot of different companies, in different sectors, potentially spreading risk and helping you to track market growth over time. But there are also plenty of myths and misunderstandings about how they work. Join&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/sugarmammatv/&amp;sa=D&amp;source=calendar&amp;ust=1790766727984368&amp;usg=AOvVaw1eT51UNdZhi4f5MBB2-foE">Canna Campbell</a>&nbsp;- a financial planner for 20 years - and&nbsp;<a href="https://www.google.com/url?q=https://fearandgreed.com.au/&amp;sa=D&amp;source=calendar&amp;ust=1790766727984368&amp;usg=AOvVaw2DU56sOOFYsctVKckAH0Hc">Fear &amp; Greed</a>'s&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/michaelthompsonauthor/&amp;sa=D&amp;source=calendar&amp;ust=1790766727984368&amp;usg=AOvVaw2hqTNBr69TSYaUGKKRtcSh">Michael Thompson</a>&nbsp;as they explore the 5 biggest myths about ETFs. Canna and Michael's new book is available now! Pick up your copy of <a href="https://www.google.com/url?q=https://www.amazon.com.au/Twelve-Months-Financial-Freedom-control/dp/1761473689/ref%3Dsr_1_2?crid%3D26J7ME8BBPIVJ%26dib%3DeyJ2IjoiMSJ9.SbkZtxR23fV5tCZNUbM6UFTqlDSnoQ8waXVXX58A3lu7Yqqw07irP02uGmj72B3O_NgeTrLRo1EBJkdavgZhw6VVl2vqujaPcuyTBFL9T6AwQ55YmQjkUlixlyYh7GCCQsUbh9fjL-HIeusAsdMOzj6mB0TgLuwXoDx5bEexjTfqDg0bE-VU8h0TbK-qgWc-8sT5Jl-7g9AY2JKJHW0H3yK4A_Fg1JfwBhT2iAplUpw.STGvO5Petet9H3_LCUgAPrObMlCWpwGtcVMOZ4s0Uj0%26dib_tag%3Dse%26keywords%3Dtwelve%2Bmonths%2Bto%2Bfinancial%2Bfreedom%26qid%3D1784934635%26s%3Dbooks%26sprefix%3Dtwelve%2Bmonths%2Bto%2Bfinancial%2Bfreedom%252Cstripbooks%252C223%26sr%3D1-2&amp;sa=D&amp;source=calendar&amp;ust=1790766727984368&amp;usg=AOvVaw0Dh4p7XSQL-kLQKIFEvIFR">Twelve Months to Financial Freedom</a> at Big W, bookshops or <a href="https://www.google.com/url?q=https://www.amazon.com.au/Twelve-Months-Financial-Freedom-control/dp/1761473689/ref%3Dsr_1_2?crid%3D26J7ME8BBPIVJ%26dib%3DeyJ2IjoiMSJ9.SbkZtxR23fV5tCZNUbM6UFTqlDSnoQ8waXVXX58A3lu7Yqqw07irP02uGmj72B3O_NgeTrLRo1EBJkdavgZhw6VVl2vqujaPcuyTBFL9T6AwQ55YmQjkUlixlyYh7GCCQsUbh9fjL-HIeusAsdMOzj6mB0TgLuwXoDx5bEexjTfqDg0bE-VU8h0TbK-qgWc-8sT5Jl-7g9AY2JKJHW0H3yK4A_Fg1JfwBhT2iAplUpw.STGvO5Petet9H3_LCUgAPrObMlCWpwGtcVMOZ4s0Uj0%26dib_tag%3Dse%26keywords%3Dtwelve%2Bmonths%2Bto%2Bfinancial%2Bfreedom%26qid%3D1784934635%26s%3Dbooks%26sprefix%3Dtwelve%2Bmonths%2Bto%2Bfinancial%2Bfreedom%252Cstripbooks%252C223%26sr%3D1-2&amp;sa=D&amp;source=calendar&amp;ust=1790766727984368&amp;usg=AOvVaw0Dh4p7XSQL-kLQKIFEvIFR">online</a>. --- The information in this podcast is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any information, you should consider the appropriateness of it and the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant Product Disclosure Statement or other offer document prior to acquiring any financial product. ​Canna Campbell is an Authorised Representative and Financial Adviser of Links Licensee Services Pty Ltd AFSL No. 700012 ABN 97 678 975 589.

The five biggest myths about ETFs

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/5d14c91e-9125-4d73-9986-b4d000b8cc33/transcript

Ask Fear & Greed: Can you explain the First Guardian collapse?

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