Australian Investors Podcast

Owen Rask and Billy Leung from Global X throw down the challenge to build two themed $100,000 ETF portfolios — one focused on AI infrastructure and the other on value investing — discussing long-term strategy, mistakes, lessons and the future of markets.

In this Australian Investors Podcast episode, your hosts discuss:– The one investment Billy held the longest (and what it taught him)– The most expensive mistake we’ve made as investors– Two $100,000 themed ETF portfolios with a 5-year total return goal– AI infrastructure vs value investing — which wins?

If you love learning about ETFs, long-term strategy and portfolio construction, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

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Resources for this episode

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ETF investor? Go beyond ordinary with Global X: View all funds

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Rask Resources

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DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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In this week’s 2 Sense episode, Owen and Mitchell lean into the chaos of the current market. From the geopolitical ripples of the Iran conflict to the surprisingly high cost of plastic piping, they trace the butterfly effect of oil through the ASX.

Plus, Owen returns from Vietnam with some eerie travel tales, and the team checks in on the ever-evolving saga of Richard White and WiseTech.

Topics covered

– The Global Oil Squeeze: With the war in Iran showing no signs of de-escalating, they unpack the unintended consequences. It is not just at the bowser — they look at Reece Ltd (ASX: REH) and how the rising cost of oil-derived materials is forcing a price hike on PVC piping.

– EV smugness: While the rest of the country groans at $2.50+ fuel prices, Owen takes a literal victory lap in his Tesla.

– SpaceX IPO and to the moon: A rare glimmer of optimism. They discuss what SpaceX actually does, how it makes money, and why its listing could provide investors with the world’s most unique monopoly.

– The Falling Knife ETF: The crusade continues. They are still trying to get Drew’s Falling Knife ETF into production, and Marc Jocum from Global X takes them through what needs to happen to get it made.

– WiseTech and the $40 floor: Richard White is back in the headlines. With WiseTech (ASX: WTC) shares dipping below the $40 mark, they ask the hard question: will shareholders remain loyal to the founder now that the capital gains have evaporated?

– Postcards from Vietnam: Owen shares his recent trip to Vietnam and his observations of the ghost resorts.

– Listener questions: Keep them coming!

Resources for this episode

Ask a question (select the Investors podcast)

Show partner resources

ETF investor? Go beyond ordinary with Global X: View all funds

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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The market is obsessed with AI as the sole driver of energy demand, but the "Saaspocalypse" of February taught us that picking AI winners is a volatile game. In this episode, Mark Jones from Resolution Capital explains why the real opportunity lies in the "picks and shovels" that power the modern world: Electricity Utilities.

We dive into why Resolution Capital has doubled down on utilities (60% of the portfolio), the reality of the US re-shoring trend, and why this is a multi-decade structural shift that remains underappreciated by the broader market.

In this episode, we discuss:

- Defining a great investment: What separates a "good" asset from a truly "great" infrastructure investment in the current macro environment?

- Post-Saaspocalypse lessons: How the February crash in AI-adjacent software reshaped the way Resolution Capital views "AI beneficiaries."

- The utility overweight: Why electricity utilities are now more than double the size of the next largest position in the fund.

- The energy thesis (beyond AI): AI consumes a massive amount of power, but is that the only reason to own these stocks? We look at the intersection of decarbonisation and digitisation.

- The "Re-Shoring" factor: How much of the US energy demand relies on the return of manufacturing, and would a change in the White House administration kill this trend?

- Spotting the obvious: When an investment theme looks "too easy," the returns are usually gone. Mark explains what the market is still missing about the demand side.

- Managing risk: From regulatory hurdles to the "build-out" risk—can we actually build too much infrastructure?

- The Australian angle: Does Mark hold any local names in that 60% power allocation?

- Stock in focus: A deep dive into a "great utility" currently held in the portfolio and why it fits the Resolution Capital framework.

Resources for this episode

Resolution Capital Website
Resolution Capital Infrastructure Fund

Ask a question (select the Investors podcast)

Show partner resources

ETF investor? Go beyond ordinary with Global X: View all funds

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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In this Australian Investors Podcast episode, with Owen on holiday in Vietnam, Mitchell Sneddon joins Drew Meredith to discuss:

– US–Iran conflict and what it means for oil prices, inflation and markets

– L1 Capital’s new gold listed investment company

– Hansen Corporation in the news and a look at the billing software providers prospects

– What has had a worse effect on markets to date, the Iran war or the SaaSpocalypse?

– How is Mitchell almost last in the Stock Genius game? Drew reviews his portfolio or AD8, TAH, EDV, DTEC and more.

– Would you invest in defence stocks? We look at the inflows for the major defence ETFs: DTEC, ARMR and DFND

– Are you keen to invest in Drew’s falling knife ETF? Expressions of interest open now!

If you love learning about investing, markets and portfolio strategy, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

Follow us on Instagram and TikTok for more investing insights.

Resources for this episode

Mitchell’s episode with Navigator Global Investments

Mitchell’s episode with Neuren Pharmaceuticals

Ask a question (select the Investors podcast)

ETF investor? Go beyond ordinary with Global X: View all funds

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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Private credit is growing rapidly in Australia. Understanding how managers actually operate may matter more than the yield itself.

In this episode of the Australian Investors Podcast, Mitchell sits down with Nicole Kidd, CEO of Corval Avenue, to unpack how investors should evaluate real estate private credit managers. As private credit continues to attract capital with double-digit yields, Nicole explains why the manager is effectively part of the asset — and how weak governance, conflicted incentives, or poor reporting can turn an attractive investment into a multi-year workout. The conversation provides a practical framework investors can use to separate disciplined credit operators from opportunistic deal shops.

Together they discuss
- The idea that in private credit the manager is part of the asset, with vastly different outcomes possible on identical deals
- Weak credit governance as the first major red flag and the role of independent credit committees in serious firms
- Short track records and perfect returns as potential signs of cherry-picked performance or untested managers
- Misaligned incentives and fee structures that quietly shift returns away from investors
- Conflicts across the capital stack when managers operate as lenders, brokers or equity participants
- Transparent reporting and honest default disclosure as signals of a disciplined credit operation
- Green flags of strong managers, including co-investment, institutional processes and operational depth

Resources for this episode

Buy Gemma’s book “The Money Reset”

Ask a question (select the Finance podcast)

Show partner resources

Join Pearler using code “RASK” for $15 of Pearler Credit

Get 50% off your first two months using PocketSmith

View Betashares range of funds

Rask resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
Learn more about your ad choices. Visit megaphone.fm/adchoices