She's On The Money - DeepSeek, Trump’s Tariffs & Interest Rates: Investing Smarter in 2025

Episode Date: February 11, 2025

The investing world in 2025 is full of change—but is that a bad thing? AI is shaking things up (again), Trump’s tariffs are making headlines, and interest rates are keeping us on our toes. But what does it actually mean for your money? If investing news feels like a mix of big headlines and even bigger question marks, we’ve got you. Markets move fast, but smart investing isn’t about chasing trends. So, let’s break it all down (no finance degree required) and help you invest with confidence, not confusion. If you want to dive into more investing episodes, check out our investing playlist here. Join our 300K+ She's on the Money community in our Facebook Group and on Instagram.  Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289.See omnystudio.com/listener for privacy information.

Hello, my name is Natasha Nabanunga-Bamblett. I'm a proud Yorta Yorta, Kernai, Wolperi and Awadjeri woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on Awadjeri country, acknowledging the elders, the ancestors and the next generation coming through. As this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today and lasting impact for tomorrow. Let's get into it. She's on the money. She's on the money.

Hello and welcome to She's on the Money, the podcast that helps you master your money without feeling like you need to go and get a finance degree. If you've been watching the headlines and thinking, V, what is the deal with the deep sea AI drama? And how are Trump's tariffs going to shake things up? And what's really happening with interest rates? My friend, you are in exactly the right location. Welcome. My name is Victoria Devine, and I am a retired financial advisor who used to help hundreds of clients make millions of dollars through investing. Now, the 2025 share market has been off to an eventful start, much like TikTok has this year with AI breakthroughs, global trade tensions and a looming Australian election that's going to shake a lot of things

up. I don't want you to start stressing though. I'm here and I'm going to be breaking down in plain English with no finance degree required exactly what's going on so that you can feel confident about what's ahead and what that might mean for your investments. So let's start with what I would say has everybody online talking. Let's dive into DeepSeek. So this is a Chinese AI technology company that is absolutely shaking up what's going on in the AI space. And I would go as far as saying it has turned AI or artificial intelligence absolutely on its head. And it's making serious waves in the share market. It's actually wiped $1 trillion off the value of leading tech companies. That's a lot. We're not talking millions or billions. We're talking

trillions. So for years, NVIDIA, if you've heard of it, great. If you haven't, it's essentially been the backbone of the stock market internationally and the backbone of AI. I would say it's basically been what's supplying the really powerful GPU chips to companies like OpenAI, who are the people who own ChatGPT, and Anthropic, which is Claude, who rely on these chips to be able to train their AI models. So thanks to AI reliance, NVIDIA has become essentially a stock market giant and its stock price has been absolutely soaring because the demand for the chips has been increasing. It's absolutely skyrocketed and investors saw it at the time as a really great way and arguably the best way to be profiting from AI's growth. But then here's

how DeepSeq, which is what we're going to talk about today, has changed the game. Unlike its competitors, so ChatGPT essentially, which needed 16,000 NVIDIA H100 chips to train their AI models, DeepSeq has managed to build a very competitive AI using only 2,000 NVIDIA H800 GPUs, which is essentially a fraction of the resources. So they're doing more with less. And this has challenged the assumption that AI companies are always going to need massive amounts of NVIDIA chips, which has now started to raise concerns, understandably, for what the future demand of NVIDIA's hardware is actually going to be. And the result of this is NVIDIA lost $600 million and 17% because investors, they started questioning whether its dominance in the AI space was as, I guess,

unshakable as we once thought it was, it did bounce back by 8% the next day. But that's actually a really good example of market sentiment. So it's a good example of how our emotions drive the share market and how we need to be really careful of that. Because obviously, Nvidia is still a company that is needed. But when some marketing comes out or when some news comes out about, oh, this might not be that relevant, the share market jumps. And by that, I mean, investors like you and I might go, oh my gosh, like I own NVIDIA, should I sell? I've gotten a little bit stressed and I do start to sell. And that's what happened. Essentially, people got a little bit stressed. They decided, okay, now this new information has come out, I'm going to sell.

And the result of that was people sold $600 million worth of their share on that day. And that meant a 17% loss in the share market price of NVIDIA. So that is a really important thing to understand as well, that a drop like that is not necessarily reflective of whether the company is doing well or not doing well. It's just reflective of how people are feeling about it, right? Which is obviously still important to take into consideration. And I guess another thing when it comes to deep seek making waves, unlike chat GPT and other AI tools that essentially operate behind paywalls because you need to pay for these things, deep seek is what's called completely open source. And this means that anyone can use, modify or improve its AI models.

So instead of it being, you know, this is our product, we are obviously going to let you use it, you can pay for it, but we're not going to like let you in to our codes. They're letting everybody into the codes and developers and businesses can build AI applications without expensive licensing fees. So other companies historically might go to chat GPT and say, hey, this is a fantastic product. We'd love to use the model and the technology and what you've built for this very specific purpose. It's not working like that. They're just giving it out for free. You can do whatever you would like. So AI advancements in different sectors, so healthcare in finance and education could essentially accelerate much faster than they

have before because instead of having to build their own, they're just being gifted with it. So in short, deep seek isn't actually just competing with AI companies like the company who owns ChatGPT. It's actually changing inherently the way that AI is completely developed and making it more accessible worldwide, which I think is low-key very cool. And just when you thought AI couldn't get more dramatic, Trump enters the chat. The new US president has essentially rolled out a very bold new AI plan that is designed to keep America at the very top of the food chain. But he's planning on pumping even more money into lots of AI research. He said that he's planning on ramping up domestic chip production so that people don't have to import

them from places like China. And he's also planning on putting tighter restrictions on the ability to import things from China and Russia to Australia. And on top of that, and I feel like this is a little bit hypocritical, but that's my personal opinion. His administration is also weaving AI into their national security and into their defense force at the same time as them pushing for tighter restrictions to keep things in check for everybody else. But what does it actually mean? It means that the AI race is heating up. It's getting quicker. And these moves could actually shake up the industry in a really big way. So if you weren't already watching AI closely or using it yourself, I would say that now is the time to start familiarizing yourself with it and

understanding it because it's just going to become more and more prominent. And AI isn't the only thing making headlines. Obviously, global trade tensions have completely ramped up and Trump's latest move could actually have really big implications for markets worldwide, including here in Australia. We've all heard of his tariffs. He's talking about tariffs. He's going to implement tariffs as though they're helping Americans. And it actually makes me want to jump through the screen and shake him and ask the question, do you even know what a tariff is, Trump? like at the end of the day implementing tariffs you are actually impacting your citizens negatively like it's going to cost them more but what does a tariff actually mean for investors and

how could it actually impact industries that we are investing in like mining and tech and manufacturing i'm going to break it all down before i get a little bit too heated we're going to go to a really quick break and on the flip side we're going to be talking more about trump's new tariffs. Welcome back, my friends. I'm so excited about this. Let's talk about Trump's tariffs, because this isn't just like some political drama. It's actually something that can have really real consequences for global markets, including here in Australia. We've even seen the Prime Minister of Canada come out and openly say, great, if you guys are going to implement tariffs, we're also going to make it hard for you. Like America and Canada, we were

friends. We had, you know, all of these trade agreements. No more. We are absolutely going to be cracking down on this. And things online are moving so quickly. At the time that I'm recording this, Trump has announced tariffs on Mexico, Canada and China. And the Mexico and Canadian tariffs have been paused while negotiations are kind of taking place as he's expected to be in talks with China as well. And for me, this actually raises a lot of very serious and very valid concerns about how this is going to impact businesses and supply chains and essentially the share markets worldwide. So, what do you need to know apart from going, oh, V, this is going to impact it. Great. Negative, positive, we don't know. What you as an investor need to know is that

markets don't like uncertainty. I was explaining that to you before when I was saying, oh my gosh, look how Nvidia dropped in a day because something was announced and it made people uncomfortable. But markets, they don't like uncertainty and trade wars bring exactly that. Trade wars are all about uncertainty and it leads to a lot of volatility in the marketplace. So, share prices you're going to see going up and down a lot more in the coming few weeks and months and bigger price swings. There are industries that literally rely on global trade for their success. So things like tech and mining and manufacturing are very likely to take a massive hit in this space because tariffs are going to eat away at their profits. And if these companies

have less profit, they have less for their shareholders, which means that your shareholder return is going down, which means that your shares aren't going to pay as big a dividends and they're also not going to increase in stock market value because people aren't as excited about buying a company that is paying them less, right? Because it's not as secure, it's not as sexy. And then we also need to talk about the fact that rising tariffs could actually push inflation up, which at the moment when we're trying so hard to battle the cost of living crisis and the current inflation rates, central banks might actually need to step in. So, this is where you might hear a lot more from the RBA. Thankfully, we live in Australia and in Australia, our economy

is actually relatively reflective of America, but it's usually pretty protected. So, in comparison to America, we will feel things, but we will feel them a lot softer. So, during times of economic turmoil because of the way America is structured and it's a much bigger economy. They're going to feel it harder. And then by the time it gets to Australia and starts impacting our economy, it will negatively impact us, but it won't to the extent that you see in the US. And a good example of that is the GFC. So, in 2008, 2009, we saw, obviously, America absolutely crash and burn. The Australian stock market did react in a very similar way, but that had a lot to do with market sentiment, as in it had a lot to do with how we were feeling, seeing the marketing, seeing all of

the news about what was going on. So we were being a lot more conservative or we were selling our shares because we were worried as opposed to the companies that we are investing in in Australia actually having less value. So it's important to remember that because a lot of the time investing is inherently emotional. So you're investing in something you might pull back because you're like, oh, the markets are a little bit uncertain. That's actually a really good opportunity if you're in the position to double down. So that's essentially what I will be looking at. And at the time of recording, so when I looked it up this morning, there's currently a 10% tariff on China that's just been announced. Trump has said that that might be increased. So for Australia,

I would say that this is especially important to hone in on because China is our biggest trade partner here in Australia. And if the Chinese economy starts to slow down due to these tariffs, our mining sector could actually end up feeling the pain because of this. And it's important to understand that because we export a lot of our mined products, but we import a lot of Chinese actual consumable product. China's economy was actually already slowing down in 2024. it was struggling with a property market crisis. They had relatively weak consumer spending, which we did as well, and they had a decline in manufacturing and their exports. And this downturn actually hit Australia's mining sector pretty hard. So, companies like BHP and Rio Tinto were

feeling the pressure and that was definitely reflective in their share market price. Now, bringing it back to Trump's tariffs, Trump's tariffs are, I would say, adding a lot more strain. And if China's economy slows even more, I would say that demand for Australian resources is going to take another hit. It's going to step back. They're not able to afford our stuff, which could mean continued pressure on mining stocks and mining shares. And it's just something that we need to be aware of, not something that we need to jump and worry about if you own these companies, because as we know, the mining sector and all sectors in Australia ebb and flow. It's also important to note that China has announced stimulus measures to boost its economy.

So, obviously, you might not be privy to that. I am because I'm always in the markets and I'm always looking at global news, but they've been a little bit smaller than expected, which has left a lot of investors questioning whether it's actually enough of a stimulus to turn things around and actually have the impact that they set out to have. And since China's demand for Australian resources, honestly, it's a really big, like I would say it's one of the top drivers of the Australian economy. Both investors and businesses are going to be watching really closely to see how this plays out, especially if you own mining stocks like BHP or Rio Tinto. Let's come a little bit closer to home though. Let's talk

a little bit more about Australia. Although I do think it's really interesting how global economies impact our economy. And I feel like a lot of people think, oh my gosh, yep, we export and then we import. Why would demand for our exports change? It's a lot deeper than just what does that look like? Because obviously, if China's economy is slowing, they don't need as many resources to build new infrastructure, to build houses, to do all of these things. And it does genuinely impact us. And it doesn't just impact us in terms of share price, but more sustained share price reduction. Anyway, I promised back closer to home. Let's talk about interest rates. A lot of people are DMing me about interest rates. You guys know I own Zella Money, which is a

mortgage-broking business. So, I'm talking literally every single day. What are interest rates going to do? How are interest rates going to change? What's the RBA going to be doing at the time of recording? The RBA hasn't announced their interest rate reduction and I'm fully anticipating an interest rate reduction. Just to be clear, this is being recorded early. So, if it happened, told you so. If it didn't, I take all of it back. But last week, NAB actually announced that they were dropping mortgage rates, which is a big move because the RBA hasn't actually made a move yet. NAB are just so confident that the RBA is going to be reducing the cash rate, which I would say is a very strong sign that banks across the board are very privy

to the idea that there is going to be an official rate cut very soon. And with inflation easing, which we are seeing. And obviously, the banks are relatively confident that that's what's happening. Lowering interest rates could actually boost different parts of our market in some pretty unexpected, but also expected ways. So firstly, property, I feel like is a no-brainer. Lots of people are finger on the pulse with that one because it impacts us literally individually. But lower mortgage rates make money borrowing cheaper, which means that more people are going to be in a position to borrow more money, but also buy homes or upgrade their current home to a better home. And that's actually a really good thing for our economy because it re-stimulates

the economy, but also real estate companies, developers, REITs, because demand for property could actually push stock prices. So it could push home prices higher in that space. And I know we don't want more expensive homes. But the idea that the home is more expensive is usually reflective of the fact that money is cheaper to get your hands on. And that's not necessarily a bad thing because if money is cheaper to get your hands on and housing prices are a little bit more expensive, yeah, we don't like the idea that we're spending more money, but it's actually reflective of a very healthy and thriving economy. And that's what we want. When it comes to retail and consumer shares, they could also benefit. So if homeowners aren't spending as much on their mortgage repayments,

they have more discretionary cash, right? Like you can actually afford to go out for a drink after work. You can actually spend some more money on shopping or dining, or even talking about travel again, if that was completely off the cards for you. And that gives us a really good boost to our retail sector. It gives us a boost to entertainment and even tourism shares. And of course, we were talking about tech earlier, but tech benefits here as well. So investors often, and you guys, I know you well, you love a growth share. Investors in general often favor growth shares or growth assets like tech companies. And when interest rates fall because borrowing has become cheaper and you're able to lend money at less of a rate, these companies actually invest

more because they're able to access more money as well. So they're able to invest more in innovation and expansion, which often helps the tech industry to boom. But in saying that, not every single sector is a winner when interest rates drop. You might go, oh, everybody wins if interest rates are going down. And I get that on a personal level, but banks, which had a huge year in 2024, might actually not see the same level of gains. So, if you've got a well-diversified portfolio, most people, especially if you're buying like a top 200 or a top 100 ETF, most people will own a bank of some form. Lots of people might own multiple of the top four banks. And even though they had a huge year last year, lower mortgage rates actually mean that banks are

earning less money from home loans, which could reduce their profitability and actually slow how quickly their share price is increasing in value, it could also slow down what their dividend payment is. Does that mean bad things? Absolutely not. But this is just another reflection of the ebbs and the flows of the share market and what that looks like and what that means. Because when one thing is doing really well, something else might not be. And that doesn't mean one's good and one's bad. It just means we should always be diversifying when we are investing. Because if tech stocks are doing really well, perhaps your banking stocks aren't doing as well. And overall, your share portfolio has a really nice even average return. And I've done episodes on diversification and the

importance of it. You shouldn't ever just be investing in one sector because you're like, I love tech, so I'm only going to invest there. I get it. But I would really consider not putting all your eggs in one basket because you want exposure to all the different markets. Because as you're hearing me talk about today, like when one thing thrives, something else is taking a hit. And when something else is taking a hit, like over here changes, like all the different levers, they work in different and I would say really random ways. And speaking of different levers and things that we're pulling, we're also heading towards an election. So we're heading to the polls and for the next election before the end of May, we're going to hear some more information. But

whenever there is an election, the markets do tend to take a lot of notice. Like they are paying a lot more attention because politics and who is in government very, very deeply impacts our share price of different assets. So historically, investors are known to be a little bit more conservative and we hold off on really big decisions in the lead up to elections, which can actually impact the market and it can slow the market movements so some industries like for example energy and health care and property could see really big swings depending on potential policy changes so like if one candidate for example is not in government is promising you know big you know cuts on your stamp duty or tax cuts on property costs you might go that's really

attractive and I'd love to buy a house, but I'm not going to do it unless I know that that's a given. So, we like hold off on these really big decisions to see what's going on. Or if there's a plan in place right now, you might go, oh, I don't want to buy yet because I don't know if that's going to last. In past election years, the ASX has actually been more volatile. But I would say over the long run, market trends do tend to stay relatively steady. But what's more important is actually who wins and how different sectors are then impacted. So, if Labor stays in power, we can actually expect a relatively continued focus on renewable energy and emissions reduction, which could essentially shift investment away from coal and fossil fuels, which is a big export

of ours. But if the coalition wins, on the other hand, we could actually see much stronger support for traditional mining. One thing that we do know to be true is that when the election is over, the markets do tend to stabilize because we love stability, right? Like we love knowing that when we go home, everything is where we left it. And when an election is coming, like we don't know who's going to be the captain of the ship, right? Like we're just not sure. So once that decision is made, whether you're happy with it or not, the markets do tend to go, okay, we can breathe a sigh of relief because we know what's going to happen from here on in. And the ASX has actually historically rallied and been quite positive after elections as there's less uncertainty

and investors are adjusting to new policies and new landscapes because there's not going to be more change in the foreseeable future. So I guess rather than focusing purely on politics, investors should really be paying attention to the actual policies that come out of the election and how they affect the different industries, obviously the ones that you're investing in or planning on investing in, because at the end of the day, it's actually not just about who is in power, but it's about what they will do or what they plan to do once they get into power. So today, I feel like I have yapped at you and I am wildly passionate about this. I love getting the opportunity to do a little bit of a market update for you guys. We've talked about AI

Trump's tariffs. We've talked about interest rates, had a good chat about China's economy and the upcoming election. And I feel like that sounds like a lot. And I don't want that to be overwhelming. But the good news is, let's be honest, you actually don't need to predict the future or have a really strong grasp of these things to be a smart and good investor. I am not individually a better investor than my community are. Like I'm investing in the same things as you guys. Like I am the type of investor that, you know, I'm a bit set and forget, but I'm definitely about long-term wins and a good solid investor understands that markets are always going to have their ups and downs. But the real winner when it comes to investing is long-term strategies.

You know, there might be a lot of conversation right now about people going, oh my gosh, Have you seen Nvidia? Have you seen all of these new things that you can invest in in AI? And we get so caught up in it thinking that there might be a get-rich-quick option or an option that puts us in the best possible position. But at the end of the day, long-term investors are the winners. So, I've written down a couple of key takeaways that I want you to keep in mind as we move through the rest of 2025. So, number one, I already hit the nail on the head with this one before. Diversification is key. Never put your money into just one sector. Like we spoke before about the difference between bank and tech and how when one does well, the other might be a

little bit off and vice versa. And in 2024 last year, banks and tech both thrived, but mining was actually struggling and things could actually completely shift this year. So if you're not sure where to start. And you're like, V, like you said, banks and tech might not do as well or vice versa. Like, should I be investing in mining? Like, I don't know what this means. Like, why not consider an exchange traded fund? I talk about them all the time. If you want to go and look, I've done a whole heap of podcasts on understanding ETFs, but they are a fantastic way to automatically diversify your risk. Like they are a fantastic way of getting into the market and just knowing I haven't put all my eggs in one basket. I have actually immediately diversified

across a number of different industries, across a number of different sectors. And I think that's low-key very sexy, but you could pick them in terms of your sector or industry as well. So say you're like, but Vea, I really like tech. Well, that's super exciting. And I'm glad that you want to invest in tech, have you considered a tech-specific ETF so that you could potentially invest into the space that we're passionate about, but give yourself a better long-term chance instead of just picking one asset or one company inside the tech space? Why not go and pick a number of them so that you can get exposure to all of them? The second thing I want you to understand, and I've spoken about this before, about the ebbs and the flows of the market and

how, I'm backtracking, I've said this on the podcast before, but over your lifetime, you are probably going to see at least seven market dips. That's a lot of market dips and that feels tumultuous and that is going to put a pit in the bottom of your stomach every single time. I'm a retired financial advisor and that still happens to me when I log into my share trading platform and I see my stocks are down. I question, have I done the right things? What's going on here. And I really need to remember that at the end of the day, market dips can create opportunities when a share price drops because of volatility, whether it's Trump jumping up and down online or on a stage talking about his tariffs or China's slowdown or something else. It's not

always a bad thing. And if you're investing in strong, good companies that have a proven track record, these dips in their share price could actually be a really good opportunity to buy quality stocks at a discount. And that's, from my perspective, a really great opportunity if you're like looking at a particular stock and you've decided, V, it's a really good stock. I've been following it for a while. I think that it could be a great opportunity. Like if you were looking at Nvidia, for example, and you saw that on that day, their share price dropped by 17%, You could see it two ways. You could have been like, oh my God, NVIDIA dropped by 17%. That makes me feel sick. Maybe it's not as good of an asset as I thought it was. I'm going to

steer clear because that type of volatility is wild. Or you could have looked at the company and thought, actually, I did my research. They're still providing these chips. They are a really big part of the global economy when it comes to AI. Maybe that's an opportunity to get a 17% discount because I was already looking at paying market value for it just to get in. So you could see it one of two ways. Neither way is correct or incorrect. It's all about perception and you making a decision that is in line with your values and what you want to achieve. And speaking, I guess, more about AI and tech, when it comes to deep seek, their rise, I would say, has shown just how fast and how quickly moving the AI space is. It's ever evolving. And to me, that's a little bit scary

because I'm like, this is actually crazy. Like I can ask ChatGPT anything and you're telling me that this stuff is going to get even smarter and that this space is only just started. And I feel like innovation is happening every day and innovation is going to continue to drive opportunities in tech stocks. So it's definitely worth keeping an eye on them. and on the space. And I don't think that DeepSeek is the only one that's going to rise. I think that there's going to be other people and other organizations that make news and make it to the media this year for discovering different things and being on the forefront of things. And I think it's also important that when you see these tech companies, like you see

DeepSeek and you're like, oh my gosh, like I need to get in on that because I missed out on when NVIDIA was selling for the first time and I missed out on the rise of XYZ. Like there's always going to be another opportunity. And if something is being spoken about consistently in the media, that doesn't necessarily mean it is a really good investment decision for you. Sometimes if the media has finally gotten hold of it and the share price has absolutely skyrocketed, that actually is the biggest point of risk in investment because we can't be sure that their share price has increased because the company's good. It could have just increased because so many people are talking about it and so many people are purchasing it. And if you get a mass amount of people purchasing

one asset, its share price increases and it could just be due to popularity. And it's like overly inflated share price now is something that you're considering because of that herd mentality. And I just don't want you to fall for it. So we need to be really careful. Now let's just wrap up on that because I feel like I could talk about this until literally the cows come home. But I guess after all of this, I hope I haven't overwhelmed you. I hope you want more conversations like this because I am so ready to have them. But I want you to remember that successful investors, they're patient. They are kind of boring. Like we are diversified, we're informed. Like we know that markets are always going to recover because history shows us that literally like go and look

at the share market price over a hundred year period. Even after every single downturn, the share market bounces back over time. And not only does it bounce back, but it goes up even higher than where it was before. Like there is no need for you to time the market because the real investors that are making real money are investing consistently over the long-term and trusting their long-term strategy as opposed to trying to chase the next tech stock. Like, please remember that. So stick to your strategy, keep learning. And I would say most importantly, you can be excited about short-term noise. Like you can do what I do and like dive in and watch every single TikTok on NVIDIA. You can look it up and read every single news article. Like I have my Google alerts

on for NVIDIA so that I know what's going on because I'm just so interested in it. But don't let that short-term noise shake your confidence when it comes to being a solid investor. Like you are making decisions for future you and just because one person said something doesn't necessarily mean that it's going to stick and be the best thing. I promise you've got this. Now, if you want to hear more episodes like this, please tell us. If you're on Spotify, you can join the polls below. If you are on Apple, you can leave us a review. But also, please don't forget to hit follow and subscribe because it really helps me to bring more of this content to the table and I hope you love it. Anyway, we're planning on doing more of these

share market breakdowns this year and I'd love to hear what you think. So jump in, message us, DM us on Instagram and let us know what you thought. Have a really good day and we'll see you guys on Friday. The advice shared on She's on the Money is general in nature and does not consider your individual circumstances. She's on the Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN 321 649 27708 AFSL 451 289.