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Yeah, So welcome back to the Weekend Collective. I'm Tim Beverage. And by the way, I you've must even of our previous house. We just had a chat with Kent John's from Kent John's Health around just avoiding interview burnout and also a bit of a chat about diabetes given its Stabetes Action Month. But the politics as well on Politics Central from three o'clock was I had a couple of really interesting interviews actually Marco Rubio's former chief of staff staff Matt Terrell, talking about the just the Trump administration, the landslide went and what we can look forward to. And we carry on that theme when we had a chat with Maurris Williamson as well, who was the console former Consule General to Los Angeles in Los Angeles and just had his take on it as well. So if you missed any of that, then you can go and check out the Weekend Collective Podcast wherever you podcast, but go to iHeartRadio anyway. Right now, it is time for smart money. We want your calls eight hundred eighty ten eighty text nine two nine two. And my guest, he's a regular on the show's a finance writer and his name is He's written a bunch of bookx as well. Martin Hawes.

Yeah, So welcome back to the Weekend Collective. I'm Tim Beverage. And by the way, I you've must even of our previous house. We just had a chat with Kent John's from Kent John's Health around just avoiding interview burnout and also a bit of a chat about diabetes given its Stabetes Action Month. But the politics as well on Politics Central from three o'clock was I had a couple of really interesting interviews actually Marco Rubio's former chief of staff staff Matt Terrell, talking about the just the Trump administration, the landslide went and what we can look forward to. And we carry on that theme when we had a chat with Maurris Williamson as well, who was the console former Consule General to Los Angeles in Los Angeles and just had his take on it as well. So if you missed any of that, then you can go and check out the Weekend Collective Podcast wherever you podcast, but go to iHeartRadio anyway. Right now, it is time for smart money. We want your calls eight hundred eighty ten eighty text nine two nine two. And my guest, he's a regular on the show's a finance writer and his name is He's written a bunch of bookx as well. Martin Hawes.

Gooday, yeah, hi there, Tom. How are you?

Gooday, yeah, hi there, Tom. How are you?

I'm not too bad? How have you been good?

I'm not too bad? How have you been good?

Really good? Thank you? Very very interesting. Interested in everything that's going on in the world at the moment, and Trump is sort of the gift that keeps on giving. Yeah, journos and people like that must be the life of They would never sit around sucking their pencils to write about I.

Really good? Thank you? Very very interesting. Interested in everything that's going on in the world at the moment, and Trump is sort of the gift that keeps on giving. Yeah, journos and people like that must be the life of They would never sit around sucking their pencils to write about I.

Guess so although what came out of the politics, there is a lot of people are a little bit more or or you know, the people who be very activated about it, and there's going to be obviously with American politics, or there's always a story there. But I'm fairly sanguine about it. In a way. I'm feeling really not as not as het up as I thought I might be, because you know, we've been there, done that, He's been there, done that, and the question is we can just have more rational discussions about what does it mean? And do you have an interest. You would have an interest in that in terms of what a Trump administration means for money, wouldn't you.

Guess so although what came out of the politics, there is a lot of people are a little bit more or or you know, the people who be very activated about it, and there's going to be obviously with American politics, or there's always a story there. But I'm fairly sanguine about it. In a way. I'm feeling really not as not as het up as I thought I might be, because you know, we've been there, done that, He's been there, done that, and the question is we can just have more rational discussions about what does it mean? And do you have an interest. You would have an interest in that in terms of what a Trump administration means for money, wouldn't you.

Yes, I certainly do with that. But I've followed politics with interest since I was sixteen years old, and that was a long time ago. So I'm you know, I'm really interested. I'm almost podcasted out at the moment. I get a lot of podcasts from all around the world and I'm listening listening to them. But the thing that I would say about Trump is that it is just so hard to know what he's going to do. He is so mercurial that, you know, we just we just can't can't guess what it is. The other thing is that this election, and I think probably all American elections, are fought on sort of big ideas without ever getting into the detail of policy. So here in New Zealand, you know, we have an election and somebody says we're going to do a and people will say, well is that cost it? And it needs to be costed to with an inch of its life. In America, they just talk about big ideas. You know, Trump says we're going to lower tax Well, what tax taxes are you going to lower? He doesn't bother with that sort of detail. Neither did Harris, you know, to be to be fair, they just sort of they just sort of It's kind of a popularity got contest almost is it actually is, isn't it?

Yes, I certainly do with that. But I've followed politics with interest since I was sixteen years old, and that was a long time ago. So I'm you know, I'm really interested. I'm almost podcasted out at the moment. I get a lot of podcasts from all around the world and I'm listening listening to them. But the thing that I would say about Trump is that it is just so hard to know what he's going to do. He is so mercurial that, you know, we just we just can't can't guess what it is. The other thing is that this election, and I think probably all American elections, are fought on sort of big ideas without ever getting into the detail of policy. So here in New Zealand, you know, we have an election and somebody says we're going to do a and people will say, well is that cost it? And it needs to be costed to with an inch of its life. In America, they just talk about big ideas. You know, Trump says we're going to lower tax Well, what tax taxes are you going to lower? He doesn't bother with that sort of detail. Neither did Harris, you know, to be to be fair, they just sort of they just sort of It's kind of a popularity got contest almost is it actually is, isn't it?

And look, in hindsight now I think that they focus the Democrats focused way too much on identity politics. You're a woman, therefore she had vote. You should vote for me, You're you know, you're black, you should vote for me. You're a Hispanic, you should vote for me, When in fact, yeah, that probably missed them obviously missed the mark because it was a landslide. Did you see it coming? No?

And look, in hindsight now I think that they focus the Democrats focused way too much on identity politics. You're a woman, therefore she had vote. You should vote for me, You're you know, you're black, you should vote for me. You're a Hispanic, you should vote for me, When in fact, yeah, that probably missed them obviously missed the mark because it was a landslide. Did you see it coming? No?

But I didn't see anything coming, So I wasn't totally wrong or totally right. I couldn't. I just thought it could go anyway.

But I didn't see anything coming, So I wasn't totally wrong or totally right. I couldn't. I just thought it could go anyway.

So what sort of podcasts have you been? Do you download podcasts from the point of view of politics or do they have a sort of financial business share market currency slant to them?

So what sort of podcasts have you been? Do you download podcasts from the point of view of politics or do they have a sort of financial business share market currency slant to them?

A bit of both, but more politics, like BBC New York Times, various other ones which are really about politics. But you know, one of the things that as an investor that we always have to keep an eye on is politics, and in particular geopolitics. And I don't think i've ever in my fifty or getting close to sixty fifty or sixty years of following this, I don't think I've ever seen a more dangerous time in geo politics than what we have at the moment. And of course Trump because we don't know what he's going to do, you know, and so vague that it's even more dangerous because we just don't know how the cards are going to fall. Yeah, and the other thing I sort of can't. I couldn't believe I heard this, but you know, Elon Musk was on the and on the conversation and on the call between Trump and Zelenski, who, Yeah, well, you know what's going on here. Now. You know, he's obviously bought Elon Muskin and they've done the the loving bro thing, even though they said they hated each other before. But you know, Trump is just so he's not tied to institutions and he's not tied to rules, and he'll be he can and he does do anything.

A bit of both, but more politics, like BBC New York Times, various other ones which are really about politics. But you know, one of the things that as an investor that we always have to keep an eye on is politics, and in particular geopolitics. And I don't think i've ever in my fifty or getting close to sixty fifty or sixty years of following this, I don't think I've ever seen a more dangerous time in geo politics than what we have at the moment. And of course Trump because we don't know what he's going to do, you know, and so vague that it's even more dangerous because we just don't know how the cards are going to fall. Yeah, and the other thing I sort of can't. I couldn't believe I heard this, but you know, Elon Musk was on the and on the conversation and on the call between Trump and Zelenski, who, Yeah, well, you know what's going on here. Now. You know, he's obviously bought Elon Muskin and they've done the the loving bro thing, even though they said they hated each other before. But you know, Trump is just so he's not tied to institutions and he's not tied to rules, and he'll be he can and he does do anything.

Yes, I don't know how I adress that one, but yeah, Elon Musk ended up on a call with Volodimi's Donald Trump. That, yes, that does make me a little nervous because it just feels about feels a bit random, doesn't it.

Yes, I don't know how I adress that one, but yeah, Elon Musk ended up on a call with Volodimi's Donald Trump. That, yes, that does make me a little nervous because it just feels about feels a bit random, doesn't it.

Yes, well, they were arguing a couple of days ago about what levels of security clearance that they were going to need, and of course Trump was saying, well, you know, we don't need the FBI to get involved in this. Was any of my good mates are fine.

Yes, well, they were arguing a couple of days ago about what levels of security clearance that they were going to need, and of course Trump was saying, well, you know, we don't need the FBI to get involved in this. Was any of my good mates are fine.

Oh okay, it does sound that learns a little Groundhog Day for me. Now that's but random, so go I'm sorry.

Oh okay, it does sound that learns a little Groundhog Day for me. Now that's but random, so go I'm sorry.

Yeah, yeah, I was just going to say, it's the whole thing is very awkward. We we just don't know what's what's going to happen. If he did, for example, bring his towerff Son as stated, you know, ten to twenty percent for everyone. It doesn't matter whether you're an ally or a friend or indeed an enemy, you're going to have at least ten to twenty percent and a sixty percent on any tower from Chinese goods. So that, I mean, that's got major economicification ramifications.

Yeah, yeah, I was just going to say, it's the whole thing is very awkward. We we just don't know what's what's going to happen. If he did, for example, bring his towerff Son as stated, you know, ten to twenty percent for everyone. It doesn't matter whether you're an ally or a friend or indeed an enemy, you're going to have at least ten to twenty percent and a sixty percent on any tower from Chinese goods. So that, I mean, that's got major economicification ramifications.

And they think, do you think that those well, as you even just said, and it's not the first time I've seen that stat. Ten to twenty percent on all goods from overseas countries is what he's talked about but there's a big difference between ten percent and twenty percent, And there are tariffs in place already, and of course, if you're an EV manufacturer in China, you're paying one hundred percent tariff already on EV's even under the Biden administration. Yeah, it's I mean, yeah, so.

And they think, do you think that those well, as you even just said, and it's not the first time I've seen that stat. Ten to twenty percent on all goods from overseas countries is what he's talked about but there's a big difference between ten percent and twenty percent, And there are tariffs in place already, and of course, if you're an EV manufacturer in China, you're paying one hundred percent tariff already on EV's even under the Biden administration. Yeah, it's I mean, yeah, so.

What Tim, You're almost speechless?

What Tim, You're almost speechless?

Well, I sort of am, just because because I don't We just don't know, do we. But also in terms of the context of is that threat, is it as dramatics as it sounds, or just in terms of New Zealand exports, are we facing tariffs already? And to be honest, look, you know we're already paying ten percent or does it mean it's going to get worse? I mean, we just don't know, do we.

Well, I sort of am, just because because I don't We just don't know, do we. But also in terms of the context of is that threat, is it as dramatics as it sounds, or just in terms of New Zealand exports, are we facing tariffs already? And to be honest, look, you know we're already paying ten percent or does it mean it's going to get worse? I mean, we just don't know, do we.

No, No, we don't know. The other two big things, and this is important for your money, for your kiwisaver or for those who are investing, is the two things that he has promised is deregulation and tax cuts. Now, look, yet again there's no detail on us. But that's why since Trump will it become the president elect, That's why the share market in the US at least has gone off on a tier. So shares of rivers and sharp on Friday night. They came off a little a little bit, but you know, very sharp rises. And if you think of this strong a party point of view, the Republicans are supposedly the business friendly party, and it looks like the Republicans could have a clean sweep. So tax cuts and deregulation, whatever tax cuts are and whatever deregulation is very very likely.

No, No, we don't know. The other two big things, and this is important for your money, for your kiwisaver or for those who are investing, is the two things that he has promised is deregulation and tax cuts. Now, look, yet again there's no detail on us. But that's why since Trump will it become the president elect, That's why the share market in the US at least has gone off on a tier. So shares of rivers and sharp on Friday night. They came off a little a little bit, but you know, very sharp rises. And if you think of this strong a party point of view, the Republicans are supposedly the business friendly party, and it looks like the Republicans could have a clean sweep. So tax cuts and deregulation, whatever tax cuts are and whatever deregulation is very very likely.

Because tax cuts can be inflationary, can't they Because it's and here going to sounds like he is going to borrow a lot more. Yes, are your thoughts on that.

Because tax cuts can be inflationary, can't they Because it's and here going to sounds like he is going to borrow a lot more. Yes, are your thoughts on that.

I think he'll He'll probably have to, but you know, one of the things you've got to sit back and ask. So they're going to be tax cuts that increases corporate profitability, So the companies that are listed on the share markets should have more profitability. Therefore share prices should be higher. And deregulation cuts costs and allows people into various markets much more easily, and therefore companies we tend will tend to make a lot more profit. And that's why the shares have gone up so much in the last two or three days. And in my view it's while they'll probably continue to go.

I think he'll He'll probably have to, but you know, one of the things you've got to sit back and ask. So they're going to be tax cuts that increases corporate profitability, So the companies that are listed on the share markets should have more profitability. Therefore share prices should be higher. And deregulation cuts costs and allows people into various markets much more easily, and therefore companies we tend will tend to make a lot more profit. And that's why the shares have gone up so much in the last two or three days. And in my view it's while they'll probably continue to go.

That's yeah, because I was wondering if you know, just the fact of the election win sort of spikes the the share market a bit, but whether that that's it sort of gets priced in already, but you think it's just going to continue to go up.

That's yeah, because I was wondering if you know, just the fact of the election win sort of spikes the the share market a bit, but whether that that's it sort of gets priced in already, but you think it's just going to continue to go up.

I think Trump's victory has taken the share market a bit by surprise, and I think it's pushed it up. It'll be easier if there is the regulation, it'll be easier to do business in the US. Presumably it'll be more profitable. It's the US. US businesses are already fabulous money making machines. They will become even more so. And you know, I looked at my portfolio before I came on here. I don't manage it but anymore. But I have ten percent in the New Zealand share market. I have about twenty five percent in the US market.

I think Trump's victory has taken the share market a bit by surprise, and I think it's pushed it up. It'll be easier if there is the regulation, it'll be easier to do business in the US. Presumably it'll be more profitable. It's the US. US businesses are already fabulous money making machines. They will become even more so. And you know, I looked at my portfolio before I came on here. I don't manage it but anymore. But I have ten percent in the New Zealand share market. I have about twenty five percent in the US market.

Yeah, and what happened to that? So I can get on It's it's.

Yeah, and what happened to that? So I can get on It's it's.

Done extremely well. What your your keyp be, say, Tim will be will be similarly invested that. You know, mine's not terribly radical, really, but all these companies like you know, well, the magnificence even and particularly Microsoft, Apple and vid, Amazon and so forth, all of these are going to do extremely well. I think over the overcoming a year or two, or three or.

Done extremely well. What your your keyp be, say, Tim will be will be similarly invested that. You know, mine's not terribly radical, really, but all these companies like you know, well, the magnificence even and particularly Microsoft, Apple and vid, Amazon and so forth, all of these are going to do extremely well. I think over the overcoming a year or two, or three or.

Four, how much of it gets how much of that price bump happens sort of instantly, it gets priced in because people are expecting an anticipation. In other words, has the bump that's happened to a lot of those stocks? I mean, how much should you be aware of the fact that they might get ahead of themselves in terms of their genuine value as opposed to the notion that Trump's and this is good for the company, we must be worth more. But actually the fundamentals might eventually go well, not as much as you thought.

Four, how much of it gets how much of that price bump happens sort of instantly, it gets priced in because people are expecting an anticipation. In other words, has the bump that's happened to a lot of those stocks? I mean, how much should you be aware of the fact that they might get ahead of themselves in terms of their genuine value as opposed to the notion that Trump's and this is good for the company, we must be worth more. But actually the fundamentals might eventually go well, not as much as you thought.

Yeah, it's a really good question, and you'll have to give me a moment to fire up my crystal ball and have a look and see what's going happened. I think this is more than a short term bumph, you know. I think that this is you know that the tax cuts maybe one off or there, maybe a couple of them, who knows, But deregulation, it seems to me to be much more systemic. And you know, I think the Republicans, if the Republicans control presidents in the House and in the Senate, you know, I think you'll find it a lot easier to do business. I think my causinesses will be more profitable.

Yeah, it's a really good question, and you'll have to give me a moment to fire up my crystal ball and have a look and see what's going happened. I think this is more than a short term bumph, you know. I think that this is you know that the tax cuts maybe one off or there, maybe a couple of them, who knows, But deregulation, it seems to me to be much more systemic. And you know, I think the Republicans, if the Republicans control presidents in the House and in the Senate, you know, I think you'll find it a lot easier to do business. I think my causinesses will be more profitable.

Okay, do you like that?

Okay, do you like that?

Well, I like businesses to be profitable. But you know, if if that's at the cost of deregulation, which makes workplaces, for example, somewhat unsafe, then I don't like it. It depends. It just depends what it is.

Well, I like businesses to be profitable. But you know, if if that's at the cost of deregulation, which makes workplaces, for example, somewhat unsafe, then I don't like it. It depends. It just depends what it is.

I guess we actually, of course it depends because business covers just a multitude of products and services and industries and things, doesn't It's difficult to sort of sum it up if you okay, well, it's just we're going to throw it by the way for you to give us call on the Trump presidency. Does is it something that's going to entract attract your investment dollar in any particular form regarding the sher market or industry and where you're going to put your money. What do you think it's going to do for for investment generally? Because Martin is there are particular Are there particular industries that sort of well, I'm assuming you fired your crystal ball up, but are there particular industries that might benefit more than others as a result of the deregulation.

I guess we actually, of course it depends because business covers just a multitude of products and services and industries and things, doesn't It's difficult to sort of sum it up if you okay, well, it's just we're going to throw it by the way for you to give us call on the Trump presidency. Does is it something that's going to entract attract your investment dollar in any particular form regarding the sher market or industry and where you're going to put your money. What do you think it's going to do for for investment generally? Because Martin is there are particular Are there particular industries that sort of well, I'm assuming you fired your crystal ball up, but are there particular industries that might benefit more than others as a result of the deregulation.

I think the batters must be flat on the crystal ball, because I would assume tech is the big one.

I think the batters must be flat on the crystal ball, because I would assume tech is the big one.

Yes, and that's a big one anyway, isn't it.

Yes, and that's a big one anyway, isn't it.

Yep, tech and all the stuff and forms one of the areas of tech. I really like the so called clean tech, which is technology designed to make the world a cleaner place, have better environments, have less carbon in the atmosphere, and so forth. I don't think that that area is going to be so good under I mean, he's still a he's still a climate change DENI you know, listen to several podcasts that talk significantly about that. But if you come to other tech, if you come to AI and particularly but also biotechnology, and one little area that I particularly like is medical devices. So it's all the various things that help make us get well. And you know, there's a never ending demand with the baby boomer generation getting older and so forth, a never ending demand for better and better health care.

Yep, tech and all the stuff and forms one of the areas of tech. I really like the so called clean tech, which is technology designed to make the world a cleaner place, have better environments, have less carbon in the atmosphere, and so forth. I don't think that that area is going to be so good under I mean, he's still a he's still a climate change DENI you know, listen to several podcasts that talk significantly about that. But if you come to other tech, if you come to AI and particularly but also biotechnology, and one little area that I particularly like is medical devices. So it's all the various things that help make us get well. And you know, there's a never ending demand with the baby boomer generation getting older and so forth, a never ending demand for better and better health care.

That's an interesting one, isn't it. Okay, Look, we want to take a break and we'll be back in just a moment, but we want to know what your thoughts are regarding the Trump presidency and what it means for where you might want to put your and doesn't mean that the suddenly the US share market with the US businesses is the place where you want to put it. I eight one hundred eighty ten to eighty text nine nine two. My guest is Martin Horsey's a financial writer, and it will be back in just a moment. It's twenty two minutes past five. Are you worried about funding a comfortable retirement? Well, you're not alone. The cost of living crisis is heading home for a lot of people, so it's no surprise that people are looking for ways to make the most of their savings and get a little bit more income to supplement the New Zealand Super. One interesting solution is to invest in an income fund like the Harbor Income Fund. It works by holding a mix of interest paying securities and shares that have been designed to generate a steady and sustainable income no matter the market. The Harbor Income Fund is actively managed and currently it pays a distribution of five point two five percent per annum after fees and taxes paid out in monthly installments. To find out more about Harbor's Income Fund, just head to their website or speak with your financial advisor is not intended as personalized advice. The product disclosure Statement for Harbor Investment Funds issued by Harbor Asset Management is available at harbor Asset dot co dot Nz.

That's an interesting one, isn't it. Okay, Look, we want to take a break and we'll be back in just a moment, but we want to know what your thoughts are regarding the Trump presidency and what it means for where you might want to put your and doesn't mean that the suddenly the US share market with the US businesses is the place where you want to put it. I eight one hundred eighty ten to eighty text nine nine two. My guest is Martin Horsey's a financial writer, and it will be back in just a moment. It's twenty two minutes past five. Are you worried about funding a comfortable retirement? Well, you're not alone. The cost of living crisis is heading home for a lot of people, so it's no surprise that people are looking for ways to make the most of their savings and get a little bit more income to supplement the New Zealand Super. One interesting solution is to invest in an income fund like the Harbor Income Fund. It works by holding a mix of interest paying securities and shares that have been designed to generate a steady and sustainable income no matter the market. The Harbor Income Fund is actively managed and currently it pays a distribution of five point two five percent per annum after fees and taxes paid out in monthly installments. To find out more about Harbor's Income Fund, just head to their website or speak with your financial advisor is not intended as personalized advice. The product disclosure Statement for Harbor Investment Funds issued by Harbor Asset Management is available at harbor Asset dot co dot Nz.

Helping you get on top of your busy life. Tim Beveridge on the Weekend Collective News.

Helping you get on top of your busy life. Tim Beveridge on the Weekend Collective News.

Talk s B Yes, and we are with Martin Hawes, a financial author and writer of No matter how many books is it?

Talk s B Yes, and we are with Martin Hawes, a financial author and writer of No matter how many books is it?

Martin twenty twenty four?

Martin twenty twenty four?

How on have you?

How on have you?

Have?

Have?

You released another one?

You released another one?

And you're still working at there's another one and I think we might talk about it last time I was on air. I've sent the manuscript off for another one and the publisher publishers doing all the things that it does, like designing a cover, on getting it punted and so forth. That will come out in March, and that will be number twenty four.

And you're still working at there's another one and I think we might talk about it last time I was on air. I've sent the manuscript off for another one and the publisher publishers doing all the things that it does, like designing a cover, on getting it punted and so forth. That will come out in March, and that will be number twenty four.

Okay, Look, we want your calls now on the on the outcome of the US election. Does it affect where you're going to put your money? Where does your optimism lie? Where do you think the money is going to money is going to do the best. Martin has made the comment that the that I think if I'm not going to paraphrase you incorrectly, Martin. You can always jump in if I do get wrong that the US share market is looking like it's actually going to do pretty well and will continue to do quite well. But my guess, my question is I always assume that once someone like you has said it, Martin, that that horse has bolted, and then I'll be too slow or too late.

Okay, Look, we want your calls now on the on the outcome of the US election. Does it affect where you're going to put your money? Where does your optimism lie? Where do you think the money is going to money is going to do the best. Martin has made the comment that the that I think if I'm not going to paraphrase you incorrectly, Martin. You can always jump in if I do get wrong that the US share market is looking like it's actually going to do pretty well and will continue to do quite well. But my guess, my question is I always assume that once someone like you has said it, Martin, that that horse has bolted, and then I'll be too slow or too late.

Now, yeah, not that comes back to what we're talking about. For not if you are a long term in vesta. Yes, if you were a trader, and and look, I'm not saying that you're you know, if you brought sheers that they would simply go up on a straight line. They weren't. There'll be a lot of volatile until that. They will be ups and downs, good times, bad times, and so forth. But I think there'll be more good times than there are bad times. And my guess is that if you bought a basket of various technologies shares and set on them for ten years, you'd be very pleased that you did.

Now, yeah, not that comes back to what we're talking about. For not if you are a long term in vesta. Yes, if you were a trader, and and look, I'm not saying that you're you know, if you brought sheers that they would simply go up on a straight line. They weren't. There'll be a lot of volatile until that. They will be ups and downs, good times, bad times, and so forth. But I think there'll be more good times than there are bad times. And my guess is that if you bought a basket of various technologies shares and set on them for ten years, you'd be very pleased that you did.

Yeah, that's an interesting one actually, because there have been some superstar shares of course, and technology and what is in video, they had some amazing growth. How are they looking at the moment. Do you follow them, mate?

Yeah, that's an interesting one actually, because there have been some superstar shares of course, and technology and what is in video, they had some amazing growth. How are they looking at the moment. Do you follow them, mate?

Yes, so, because they're in my portfolio, and they have been for a good time. They are so in my portfolio portfolio. They are a so called ten bagger, which means they've gone up. It means that they've gone up by a factor of ten. That is, they've multiplied multiply ten times. And given that they still control seventy five percent of the chips that are needed for AI, I don't think that they are a lot of the price that we built on, but I think they're going to continue to do very well. They are an excellent company. The chips that they design, they don't make chips. This is computer chips. They don't make them. They just design them. They have somebody else makeing for them. The chops that they design are ahead of the pack, and their job is to keep ahead of the pack. And it looks like but I'm doing that fairly Saturday Factorially.

Yes, so, because they're in my portfolio, and they have been for a good time. They are so in my portfolio portfolio. They are a so called ten bagger, which means they've gone up. It means that they've gone up by a factor of ten. That is, they've multiplied multiply ten times. And given that they still control seventy five percent of the chips that are needed for AI, I don't think that they are a lot of the price that we built on, but I think they're going to continue to do very well. They are an excellent company. The chips that they design, they don't make chips. This is computer chips. They don't make them. They just design them. They have somebody else makeing for them. The chops that they design are ahead of the pack, and their job is to keep ahead of the pack. And it looks like but I'm doing that fairly Saturday Factorially.

Right, we're going to take your calls one hundred and eighty ten eighty. Initially, our conversation is going to be on what does Donald Trump's win mean for share markets in particular, maybe the New Zealand markets as well. I tend to think probably. I don't know what it's going to do there, but we're going to let's take some calls and we'll dig into that with Martin in just a moment. Greg, Hello, good any general, general?

Right, we're going to take your calls one hundred and eighty ten eighty. Initially, our conversation is going to be on what does Donald Trump's win mean for share markets in particular, maybe the New Zealand markets as well. I tend to think probably. I don't know what it's going to do there, but we're going to let's take some calls and we'll dig into that with Martin in just a moment. Greg, Hello, good any general, general?

I agree? High a Greek.

I agree? High a Greek.

Sorry, I'm in a bad communication zone. He gentlemen, how are you good?

Sorry, I'm in a bad communication zone. He gentlemen, how are you good?

Good?

Good?

Good?

Good?

Just picking up on Jamie McKay's the host of the country. Yeah, the country that the red meat industry. This is a little bit off topic, but the lamb and be for the red meat exports he has. I have a lot of commentators in the last week talking about the potential for a little bit of a silver lining. This is as a wee bit off topic, but it's.

Just picking up on Jamie McKay's the host of the country. Yeah, the country that the red meat industry. This is a little bit off topic, but the lamb and be for the red meat exports he has. I have a lot of commentators in the last week talking about the potential for a little bit of a silver lining. This is as a wee bit off topic, but it's.

All about trade and money. You're welcome to carry on, Yeah, where you go.

All about trade and money. You're welcome to carry on, Yeah, where you go.

Yeah, absolutely. So you know he's going to go after Trump that is is going to go after the you know, the illegal immigrant workers that a lot of the farmers are employing, and they're going to tell the farmers to pay the going rate for for for labor, et cetera. So how do you how do you see agricultural exports with the red meat and it's not just the burger meat, which we've been sending to the US for quite some time. But some of them are the premium meats, and this is what Jamie has been talking about. That could be particularly with a declining New Zealand dollar at the moment, that could be a pretty good windfall, could it not?

Yeah, absolutely. So you know he's going to go after Trump that is is going to go after the you know, the illegal immigrant workers that a lot of the farmers are employing, and they're going to tell the farmers to pay the going rate for for for labor, et cetera. So how do you how do you see agricultural exports with the red meat and it's not just the burger meat, which we've been sending to the US for quite some time. But some of them are the premium meats, and this is what Jamie has been talking about. That could be particularly with a declining New Zealand dollar at the moment, that could be a pretty good windfall, could it not?

It could be, Greg And I would hesitate before I argued with Jamie mackay about agricultural stuff because he knows more about it than I do. But what happens if there's a ten or twenty percent on the meat that's landing on the shores of the US. Now they are our biggest I think the US is our biggest red meat buyer. So what happens to our lamb? And if that dries up? Now all very well to say, well, the Americans may not be abut to produce enough of what if there's a ten or twenty percent tariff of or not? These things? You know, pricing is usually really sensitive.

It could be, Greg And I would hesitate before I argued with Jamie mackay about agricultural stuff because he knows more about it than I do. But what happens if there's a ten or twenty percent on the meat that's landing on the shores of the US. Now they are our biggest I think the US is our biggest red meat buyer. So what happens to our lamb? And if that dries up? Now all very well to say, well, the Americans may not be abut to produce enough of what if there's a ten or twenty percent tariff of or not? These things? You know, pricing is usually really sensitive.

Yeah, what do you think of it? What did you think of it? Gregor do you do you think that's going to be?

Yeah, what do you think of it? What did you think of it? Gregor do you do you think that's going to be?

This was discussed on two cable news networks, NBC and also Fox about that very thing. And because the American farmers if they are forced to not have illegal immigrants working on their farms and paying them five six seven dollars now instead of fifteen sixteen. Their production costs are going to go up and the New Zealand exporters will be able to work through maybe a tariff. The other thing I would say too, the incumbent government that we have at the moment has probably got the best chance ever of shmewing Trump and maybe limiting that tariff and maybe not a tariff at all, because American consumers are looking for quality products.

This was discussed on two cable news networks, NBC and also Fox about that very thing. And because the American farmers if they are forced to not have illegal immigrants working on their farms and paying them five six seven dollars now instead of fifteen sixteen. Their production costs are going to go up and the New Zealand exporters will be able to work through maybe a tariff. The other thing I would say too, the incumbent government that we have at the moment has probably got the best chance ever of shmewing Trump and maybe limiting that tariff and maybe not a tariff at all, because American consumers are looking for quality products.

Are you saying, so we've got a good chance because they want our quality products?

Are you saying, so we've got a good chance because they want our quality products?

Well, well exactly. I mean if you go if you go back to the previous six years of government governance that we had here, if Trump had been in power at that time, there would not be a lot of conversation. I remember just under referring to Trump as that guy or the other guy, and she would never wanted to sit down. So is it Tim Grocer who's traveling all over the world trying to.

Well, well exactly. I mean if you go if you go back to the previous six years of government governance that we had here, if Trump had been in power at that time, there would not be a lot of conversation. I remember just under referring to Trump as that guy or the other guy, and she would never wanted to sit down. So is it Tim Grocer who's traveling all over the world trying to.

In terms of our ministers, it's Todd McLay and Winston Peters, who I think pretty good at their job, and Tim Grocer is yeah, I can't remember what his rollers. I guess this is this is the part of the problem used to be that.

In terms of our ministers, it's Todd McLay and Winston Peters, who I think pretty good at their job, and Tim Grocer is yeah, I can't remember what his rollers. I guess this is this is the part of the problem used to be that.

Yeah, yeah, it is. I see the problem is Greek. We just don't know, and I don't know. I mean, I'm not a politician, but I wouldn't back myself to go and get an appointment was Trump as Prime Minister of New Zealand. But b even if I got up to get him to concentrate for very long about New Zealand exceptionalism. That is, everybody else can have a tariff, but not us. And I think every man in the dog from European countries right through to the American ones will be trying that on if they do anoun say, and all of the podcasts and stuff that I read suggest that Trump loves tariffs and always has done.

Yeah, yeah, it is. I see the problem is Greek. We just don't know, and I don't know. I mean, I'm not a politician, but I wouldn't back myself to go and get an appointment was Trump as Prime Minister of New Zealand. But b even if I got up to get him to concentrate for very long about New Zealand exceptionalism. That is, everybody else can have a tariff, but not us. And I think every man in the dog from European countries right through to the American ones will be trying that on if they do anoun say, and all of the podcasts and stuff that I read suggest that Trump loves tariffs and always has done.

Actually, it is interesting.

Actually, it is interesting.

I think we'd be lucky to be making and be made an exceptional.

I think we'd be lucky to be making and be made an exceptional.

Yeah, Greg, it's an interesting point you raised though about the cost about how everything's connected. So if he does successfully crack down on illegal immigrants and farms, a lot of the farming produce and work there has been sort of supported by cheap immigrant labor, it does I mean, it's a complex scenario, isn't it. Because it also assumes that he's going to be successful at trying to purge a million or two million illegal immigrants from the USA, and I'm predicting failure on that one because it's just I think they're too embedded in American American culture. What do you reckon, Greg.

Yeah, Greg, it's an interesting point you raised though about the cost about how everything's connected. So if he does successfully crack down on illegal immigrants and farms, a lot of the farming produce and work there has been sort of supported by cheap immigrant labor, it does I mean, it's a complex scenario, isn't it. Because it also assumes that he's going to be successful at trying to purge a million or two million illegal immigrants from the USA, and I'm predicting failure on that one because it's just I think they're too embedded in American American culture. What do you reckon, Greg.

Well, I see most of the Democratic state governors and are saying the Federals can come in. We're going to defend these people to the very last, you know whatever, and that's that's that happens.

Well, I see most of the Democratic state governors and are saying the Federals can come in. We're going to defend these people to the very last, you know whatever, and that's that's that happens.

That's going to be terrible.

That's going to be terrible.

But I'm thinking more so that the American agricultural industry is going to find higher costs and producing what they're doing, and we have this quality thing that's going on. But at the end of the day, I mean, you look at Alban Easy in Australia has already said to Trump, you know, let's keep Orcus and all this sort of stuff going on. So this is another dimension to my conversation. What will Winston Peters do about being a supporter and principle of aucas if it were to mean that we could get a favorable trade deal.

But I'm thinking more so that the American agricultural industry is going to find higher costs and producing what they're doing, and we have this quality thing that's going on. But at the end of the day, I mean, you look at Alban Easy in Australia has already said to Trump, you know, let's keep Orcus and all this sort of stuff going on. So this is another dimension to my conversation. What will Winston Peters do about being a supporter and principle of aucas if it were to mean that we could get a favorable trade deal.

Yeah, okay, well, of course lots of things to plug in there aren't there Martin. Thanks for call. Greg. Sorry, did you have a comment there money? No, I didn't know. Yeah, because we're almost getting into a little bit of politics central there. I guess the thing about the tariffs which make it, you know, that makes it. We're playing so much guessing with this because there's an on the hustings I'm gonna and we know Trump likes likes, Trump likes tariffs, and he's talked about ten or twenty percent. But then again, there's a reason America imports a lot of our beef. It's because our beef is really good and they don't create enough of it. So it doesn't make sense that they would necessarily put a tariff on our beef because it's just going to hurt the American consumer, as opposed to if America was producing truckloads of beef, then there might be an argument for tariffs so they can sell more to their own consumers. But if they need ours, why would they tariff it?

Yeah, okay, well, of course lots of things to plug in there aren't there Martin. Thanks for call. Greg. Sorry, did you have a comment there money? No, I didn't know. Yeah, because we're almost getting into a little bit of politics central there. I guess the thing about the tariffs which make it, you know, that makes it. We're playing so much guessing with this because there's an on the hustings I'm gonna and we know Trump likes likes, Trump likes tariffs, and he's talked about ten or twenty percent. But then again, there's a reason America imports a lot of our beef. It's because our beef is really good and they don't create enough of it. So it doesn't make sense that they would necessarily put a tariff on our beef because it's just going to hurt the American consumer, as opposed to if America was producing truckloads of beef, then there might be an argument for tariffs so they can sell more to their own consumers. But if they need ours, why would they tariff it?

Well, because they his comments were that there would be a blenk tariff. And you know, they don't make enough bananas for example, either or they don't make any does widgets, and there'll be lots of things that There'll be lots of countries and companies that will be going well, you know that should apply to other people, but not not to us. Whereas if he does this as a blanket, everything that comes into the country has a ten or twenty percent terrify not then that will be very hard to get through. We have to really behave ourselves.

Well, because they his comments were that there would be a blenk tariff. And you know, they don't make enough bananas for example, either or they don't make any does widgets, and there'll be lots of things that There'll be lots of countries and companies that will be going well, you know that should apply to other people, but not not to us. Whereas if he does this as a blanket, everything that comes into the country has a ten or twenty percent terrify not then that will be very hard to get through. We have to really behave ourselves.

I think paving ourselves make a difference. Look, we're going another call will go to in just a moment, but we will take a break. It's twenty three minutes to Sex News Talks. He'd b yes, radio Gaga in a way, we're a little bit Radio Gaga. This is the health not the health of This is smart money with Martin Hawes. I'm Tim Beverage. And because we're talking about that where the markets might go under a Trump presidency, well, we know we've got the Trump presidency. What's it going to do to the share market? And where should you put your money? Oh, eight hundred eighty ten eighty. I've got some questions for Martin, but first let's go to Tony.

I think paving ourselves make a difference. Look, we're going another call will go to in just a moment, but we will take a break. It's twenty three minutes to Sex News Talks. He'd b yes, radio Gaga in a way, we're a little bit Radio Gaga. This is the health not the health of This is smart money with Martin Hawes. I'm Tim Beverage. And because we're talking about that where the markets might go under a Trump presidency, well, we know we've got the Trump presidency. What's it going to do to the share market? And where should you put your money? Oh, eight hundred eighty ten eighty. I've got some questions for Martin, but first let's go to Tony.

Hello, Tim and Martin. Look a good question. At the start of the program, Martin said that he had a share that went up ten times you know, for this original purchase price. But when would someone when would you think about, actually, you know, in a situation like they're basically, you know, over taking on shares that have gone up a lot. One of the factors that would make you basically think about sort of taking the money and not so much running, but maybe sort of Well, I've been lucky. I mean, you know, I've worked out well at this stage, but at some time you know you're going to sort of turn it into cash.

Hello, Tim and Martin. Look a good question. At the start of the program, Martin said that he had a share that went up ten times you know, for this original purchase price. But when would someone when would you think about, actually, you know, in a situation like they're basically, you know, over taking on shares that have gone up a lot. One of the factors that would make you basically think about sort of taking the money and not so much running, but maybe sort of Well, I've been lucky. I mean, you know, I've worked out well at this stage, but at some time you know you're going to sort of turn it into cash.

Yeah, well, a really good question. My first of all, I'm not managing my own money. One of the reasons I don't manage my own money is that although I'm not a bad buyer of investments, I'm not a terribly good seller, and I tend to get to have an emotional attached and don't sell. But the basic principle would be you might look at selling something like an Nvidia if something substantial, systemic, or something major had happened within the company and its place in the market was no longer the event, you might sell the whole lot. The second thing to say is that as that sheer has gone up, my managers have been what's called trimming it. That is, they've been selling little bits of it, you know. So for example, that might have started off as two percent of my total portfolio. As it went up, it turns into five percent. Now that's a fairly big slug for just one security in the portfolio. So I would my well, my managers, I keep talking about me doing this, I don't know. My managers have been trimming that periodically. As it's turned out. I wish they hadn't trimmed it. It would be but it would be a big chunk. Now it might be twenty percent of the portfolio now if it hadn't been trimmed. But you are talking to somebody who's not a work would sell up of shares. My instinct isn't the sell No. I A I work on a basis, or I used to work on a basis that I would try to buy good businesses so that I wasn't buying shears I was buying I was actually buying a little bit of a business. I'd try to get that at a fair price or better, and then I don't trade. I tend to hold them for very long term, long term. My basic thing was to look at the big secular cycles and the really big things that are going on in the world and trying to play those from an investment point of view, the obvious one of them and all that's different, guys, is is something that I would be trying to play at the moment.

Yeah, well, a really good question. My first of all, I'm not managing my own money. One of the reasons I don't manage my own money is that although I'm not a bad buyer of investments, I'm not a terribly good seller, and I tend to get to have an emotional attached and don't sell. But the basic principle would be you might look at selling something like an Nvidia if something substantial, systemic, or something major had happened within the company and its place in the market was no longer the event, you might sell the whole lot. The second thing to say is that as that sheer has gone up, my managers have been what's called trimming it. That is, they've been selling little bits of it, you know. So for example, that might have started off as two percent of my total portfolio. As it went up, it turns into five percent. Now that's a fairly big slug for just one security in the portfolio. So I would my well, my managers, I keep talking about me doing this, I don't know. My managers have been trimming that periodically. As it's turned out. I wish they hadn't trimmed it. It would be but it would be a big chunk. Now it might be twenty percent of the portfolio now if it hadn't been trimmed. But you are talking to somebody who's not a work would sell up of shares. My instinct isn't the sell No. I A I work on a basis, or I used to work on a basis that I would try to buy good businesses so that I wasn't buying shears I was buying I was actually buying a little bit of a business. I'd try to get that at a fair price or better, and then I don't trade. I tend to hold them for very long term, long term. My basic thing was to look at the big secular cycles and the really big things that are going on in the world and trying to play those from an investment point of view, the obvious one of them and all that's different, guys, is is something that I would be trying to play at the moment.

Right, So you wouldn't subscribe to the velocity of living a bit in an next and moving it on where you've basically done well, it's not a good idea. You've basically sort of got a sort of maybe cheshire bit to secure and then your initial investment and then sell off little bits like your manager's doing book your sees, is it right?

Right, So you wouldn't subscribe to the velocity of living a bit in an next and moving it on where you've basically done well, it's not a good idea. You've basically sort of got a sort of maybe cheshire bit to secure and then your initial investment and then sell off little bits like your manager's doing book your sees, is it right?

Yes, I'm not if I was managing my own money. I'm not going to sell out of a really good company. So as a really well run company, it's doing stuff that almost nobody else is doing it. It's got pricing power, so it's pushing up the price of its silicon chips more and more. So, Yeah, I don't mind selling a little bit so it doesn't become too dominant within the portfolio. But I'm not going to get right out of it.

Yes, I'm not if I was managing my own money. I'm not going to sell out of a really good company. So as a really well run company, it's doing stuff that almost nobody else is doing it. It's got pricing power, so it's pushing up the price of its silicon chips more and more. So, Yeah, I don't mind selling a little bit so it doesn't become too dominant within the portfolio. But I'm not going to get right out of it.

Okay, I've got thank.

Okay, I've got thank.

Actually you do it. I mean the question about when to sell is you do a whole hour on that really isn't it? Because and Hindsight's fabulous, isn't it.

Actually you do it. I mean the question about when to sell is you do a whole hour on that really isn't it? Because and Hindsight's fabulous, isn't it.

I love homesight. Yeah, you'd probably want somebody else on the show rather than me if you're going to be talking about selling, because I really, you know, it was one of the things that I identified about myself that I am a good buyer. I'm not a bad buyer, but I'm a very poor seller.

I love homesight. Yeah, you'd probably want somebody else on the show rather than me if you're going to be talking about selling, because I really, you know, it was one of the things that I identified about myself that I am a good buyer. I'm not a bad buyer, but I'm a very poor seller.

Is it?

Is it?

Just?

Just?

Look, I know you don't like you're not going to give specific financial advice, but just as a banterish sort of question, I look at the tariff potentials, right, and I look at one of the guy who's in the tent with Trump, and that is Elon Musk. And my gut tells me, probably wouldn't hurt to buy Tesla shares. And then the other part of my gut says, well, I get told that usually the market is wake quicker than I'll ever be, and that's probably been priced in. And I noticed that the share price for Tesla since the fifth and November has gone up from two hundred and two hundred and fifty bucks, sorry, two hundred and forty dollars to three hundred and twenty already.

Look, I know you don't like you're not going to give specific financial advice, but just as a banterish sort of question, I look at the tariff potentials, right, and I look at one of the guy who's in the tent with Trump, and that is Elon Musk. And my gut tells me, probably wouldn't hurt to buy Tesla shares. And then the other part of my gut says, well, I get told that usually the market is wake quicker than I'll ever be, and that's probably been priced in. And I noticed that the share price for Tesla since the fifth and November has gone up from two hundred and two hundred and fifty bucks, sorry, two hundred and forty dollars to three hundred and twenty already.

Yeah, I was going to say I think it's up twenty percent. So look, as a short term thing, you've missed the boat. If it's right there, Tesla is going to be able to ride a particular, particularly favorable wave, and it'll be able to do that for ten years. Then yes, it'll have ups and downs, but maybe you should buy it because it it could be good at it almost at any price. If it really does well, I've no doubt that Musk will be doing his very best to leave off the relationship piece. Now I've got with the President elect of the United States. You know.

Yeah, I was going to say I think it's up twenty percent. So look, as a short term thing, you've missed the boat. If it's right there, Tesla is going to be able to ride a particular, particularly favorable wave, and it'll be able to do that for ten years. Then yes, it'll have ups and downs, but maybe you should buy it because it it could be good at it almost at any price. If it really does well, I've no doubt that Musk will be doing his very best to leave off the relationship piece. Now I've got with the President elect of the United States. You know.

The funny thing about the risk with that is is that there are and this is based on history, is that Trump has relationships which persist. But then he does have relationships where people fall out with him. I mean some of the people he put in his first administration, he loved them, and all of a sudden he fell out with him. My risk would be, my worry would be that if Elon actually at some stage really I don't know, and I don't suspect he is going to, But if they have a clash of egos suddenly and he falls out with Trump, then I don't know what that would mean. But that's these are the sorts of things that at play, aren't they if you're narrowing your investment focus too much, and that's.

The funny thing about the risk with that is is that there are and this is based on history, is that Trump has relationships which persist. But then he does have relationships where people fall out with him. I mean some of the people he put in his first administration, he loved them, and all of a sudden he fell out with him. My risk would be, my worry would be that if Elon actually at some stage really I don't know, and I don't suspect he is going to, But if they have a clash of egos suddenly and he falls out with Trump, then I don't know what that would mean. But that's these are the sorts of things that at play, aren't they if you're narrowing your investment focus too much, and that's.

Not the sort of thing I like an investment where it can they hang hang on a personal relationship. Because I think you're absolutely right. The chances have been falling out at quite great Anthony Scaramucci last that I thought six or seven days or something as a director of communications in the White House.

Not the sort of thing I like an investment where it can they hang hang on a personal relationship. Because I think you're absolutely right. The chances have been falling out at quite great Anthony Scaramucci last that I thought six or seven days or something as a director of communications in the White House.

Oh that's right. That was a spectacularly short time and entertaining at the time, wasn't it.

Oh that's right. That was a spectacularly short time and entertaining at the time, wasn't it.

Yes, yes, it was.

Yes, yes, it was.

What about people who are interested in in who think I mean, again, I know it's not specific advice, but say you decide you love tech stocks, and you think, look, I actually really believe that the nvideos of this world and other tech stocks. So I'm going to buy into a fund that focuses on American tech stocks. And again this is rule of thumb stuff, because everyone has their own appetite for risk. But there'd be those who think I'm going to stick everything I've got into American tech stocks. Is that?

What about people who are interested in in who think I mean, again, I know it's not specific advice, but say you decide you love tech stocks, and you think, look, I actually really believe that the nvideos of this world and other tech stocks. So I'm going to buy into a fund that focuses on American tech stocks. And again this is rule of thumb stuff, because everyone has their own appetite for risk. But there'd be those who think I'm going to stick everything I've got into American tech stocks. Is that?

No? No, I mean, I wouldn't do that. But what I would do, perhaps is have a fund that owned the S and P five hundred, which is the top five hundred companies. Now that has the magnificence seven to the top a dozen. Also companies of that or say eight or ten companies are technology stocks. But then on top of that, I might have ten percent of a portfolio or something which isocus solely on technology, and also to focus on technologies that are outside of AI, outside of the likes of Amazon, Alphabet, Apple and so forth, and looking at things like medical devices and possibly even in spite of Trump, clean tech. Yeah, yeah, it may maybe, especially if it was involved around the world, like I would potentially and I don't know of one that exists, but I would potentially by a company in New Zealand that that solar you know, that was selling solar panels or something within New Zealand. Now I don't know whether one. I know that a lot of small providers, none of them listed. I don't think that you can buy on the share market, but you know, we you know we can. We can start putting solar panels on our roofs. And Trump is not going to care one way or the other.

No? No, I mean, I wouldn't do that. But what I would do, perhaps is have a fund that owned the S and P five hundred, which is the top five hundred companies. Now that has the magnificence seven to the top a dozen. Also companies of that or say eight or ten companies are technology stocks. But then on top of that, I might have ten percent of a portfolio or something which isocus solely on technology, and also to focus on technologies that are outside of AI, outside of the likes of Amazon, Alphabet, Apple and so forth, and looking at things like medical devices and possibly even in spite of Trump, clean tech. Yeah, yeah, it may maybe, especially if it was involved around the world, like I would potentially and I don't know of one that exists, but I would potentially by a company in New Zealand that that solar you know, that was selling solar panels or something within New Zealand. Now I don't know whether one. I know that a lot of small providers, none of them listed. I don't think that you can buy on the share market, but you know, we you know we can. We can start putting solar panels on our roofs. And Trump is not going to care one way or the other.

Well, the other thing is the world has an appetite for clean technology, and if those companies in America producing. It doesn't matter whether America wants to actually adopt all those technologies, which I suspect it still will. The world is still interested, so intuitively, it doesn't seem like it's such a dog. No.

Well, the other thing is the world has an appetite for clean technology, and if those companies in America producing. It doesn't matter whether America wants to actually adopt all those technologies, which I suspect it still will. The world is still interested, so intuitively, it doesn't seem like it's such a dog. No.

And the companies in the US that are trying to do direct carbon capture, for example, these are machines that suck in the atmosphere, strip out the carbon, turn the carbon into something solid like a big block, and dispose of that thick a hole. Now there are a lot of companies in the up not a lot, but there are companies in the US working on that, and in Switzerland and Finland. They will carry Yeah, yeah, it does. They will carry on doing that. And Trump or no Trump, but it won't matter because the price of carbon will read the price of carbon probably who knows.

And the companies in the US that are trying to do direct carbon capture, for example, these are machines that suck in the atmosphere, strip out the carbon, turn the carbon into something solid like a big block, and dispose of that thick a hole. Now there are a lot of companies in the up not a lot, but there are companies in the US working on that, and in Switzerland and Finland. They will carry Yeah, yeah, it does. They will carry on doing that. And Trump or no Trump, but it won't matter because the price of carbon will read the price of carbon probably who knows.

That's fascinating probably Yeah. Okay, Well, we'll come back to wrap up in just a moment. It is nine minutes to six. This is news Talk, said b his news talk said, be Tim beveridgeard my guest for Smart Money, as Martin Hawes. Martin, Gosh, time flies it because we've sort of it's been more of an easy banter today because there is so much uncertainty about what's what America is going to do when it comes to tariffs and all that. Can I run past you so you you you've made the comment that Trump is he likes tariffs, and he does like them broadly speaking, whereas we had Morris Williamson on and who did make the comment that he thinks that for a bunch of reasons, that it might not be the smartest thing to be his blanket with the tariffs and everything. He sort of thinks that there's a lot of bluster and that basically, look, we should just have a cup of tea and lie down and we'll it'll be fine. It won't be as bad. Does that inform your opinion at all?

That's fascinating probably Yeah. Okay, Well, we'll come back to wrap up in just a moment. It is nine minutes to six. This is news Talk, said b his news talk said, be Tim beveridgeard my guest for Smart Money, as Martin Hawes. Martin, Gosh, time flies it because we've sort of it's been more of an easy banter today because there is so much uncertainty about what's what America is going to do when it comes to tariffs and all that. Can I run past you so you you you've made the comment that Trump is he likes tariffs, and he does like them broadly speaking, whereas we had Morris Williamson on and who did make the comment that he thinks that for a bunch of reasons, that it might not be the smartest thing to be his blanket with the tariffs and everything. He sort of thinks that there's a lot of bluster and that basically, look, we should just have a cup of tea and lie down and we'll it'll be fine. It won't be as bad. Does that inform your opinion at all?

No, it's exactly my opinion really right at the top of the show that we just don't know that, you know, I mean, he's so mercurial that but I think there's a reasonable chance we will see not so much tariffs. I think there's almost a certainty that we'll see tariffs on going. I mean there's been quite big tariffs under under Biden, Yes, but that we might see there's there's a chance at least that we will see blanket tariffs, that is, every article that comes into the US as subject to a tariff. And I mean Morross Williams highly experiences. Now the Minister of the Crown, he's a Minister of Trade or something like that, customers as well, something like that. He will know a lot about this. But we're all showing a dart at a dart board and the fund the mass because we just don't know him.

No, it's exactly my opinion really right at the top of the show that we just don't know that, you know, I mean, he's so mercurial that but I think there's a reasonable chance we will see not so much tariffs. I think there's almost a certainty that we'll see tariffs on going. I mean there's been quite big tariffs under under Biden, Yes, but that we might see there's there's a chance at least that we will see blanket tariffs, that is, every article that comes into the US as subject to a tariff. And I mean Morross Williams highly experiences. Now the Minister of the Crown, he's a Minister of Trade or something like that, customers as well, something like that. He will know a lot about this. But we're all showing a dart at a dart board and the fund the mass because we just don't know him.

It's quite a fit. It's been interesting to bander about it, and also just a few ideas about tech stocks and what it's going to do. And even can make their own decisions, but it's always good to get good advice. And usually a good fund manager will do way better of managing your shares than you will. Isn't that right?

It's quite a fit. It's been interesting to bander about it, and also just a few ideas about tech stocks and what it's going to do. And even can make their own decisions, but it's always good to get good advice. And usually a good fund manager will do way better of managing your shares than you will. Isn't that right?

Generally? I'm certainly finding I'm certainly finding that for myself because no longer imagining my money, I've handed my money over to others. And I think it hur's to say it, but I think they they are doing better than I was doing. I was doing okay, but I was only doing it.

Generally? I'm certainly finding I'm certainly finding that for myself because no longer imagining my money, I've handed my money over to others. And I think it hur's to say it, but I think they they are doing better than I was doing. I was doing okay, but I was only doing it.

I don't mean you, I meant me probably no. Hey, And the good thing is, look if they don't buy quite as much as bad beef. Maybe we'll be able to get some of the good stuff because I was told by meat exporters like, oh, I know, all the good stuff goes overseas, so maybe anyway, hey man, thanks, thanks so much mate for your time. Really appreciate it. Thanks Jerry, and thanks my producer, Tyre Roberts. So check out the podcast week and collect them on iut Radio and Sunday at six is next.

I don't mean you, I meant me probably no. Hey, And the good thing is, look if they don't buy quite as much as bad beef. Maybe we'll be able to get some of the good stuff because I was told by meat exporters like, oh, I know, all the good stuff goes overseas, so maybe anyway, hey man, thanks, thanks so much mate for your time. Really appreciate it. Thanks Jerry, and thanks my producer, Tyre Roberts. So check out the podcast week and collect them on iut Radio and Sunday at six is next.

For more from the Weekend Collective, listen live to news Talks it'd be weekends from three pm, or follow the podcast on iHeartRadio.

For more from the Weekend Collective, listen live to news Talks it'd be weekends from three pm, or follow the podcast on iHeartRadio.