This week on Equity Mates

Hey there Equity Mate,

Remember BeReal? The anti-Instagram social app that gained huge traction during COVID? The idea was to showcase your ‘real’ spontaneous moments on social media, rather than the curated moments you supposedly see on Instagram. Well, after being the No 1 app on the Apple App Store for most of 2022, it’s now all but done.

Voodoo, a French mobile-app publisher, has bought the company for… $540,000 and the co-founder is out. Monthly users had dropped from 15m in October 2022 to 6m in March (compare that to 2 billion monthly active in Instagram). Turns out spontaneous friends’ selfies aren’t that great after all.

Here’s what is in your podcast feeds this week:

Equity Mates Investing (Spotify | Apple | YouTube)

• Monday - Tesla: "It's on a path" to grow 300% by 2030 | Company deep dive

• Tuesday - Ask An Advisor: Bryce saved $900 getting personal insurance advice w/ Phil Thompson

• Thursday - Catapult: Dominating sports analytics - how big can it get? | Company deep dive

Get Started Investing (Spotify | Apple | YouTube)

• Tuesday - What we're buying in FY25 | Financial Check-up

Your questions, answered

Andy asked via email:
“I’ve heard you should start contributing more to your super when you hit your 40’s. Is this true?”

We put Claire’s question to Dylan Pargiter-Green , from Bold Wealth.
This is an excerpt from our recent Ask An Advisor episode with Dylan.

Book a call with Dylan and the team.

I think everyone should consider doing it earlier.

A lot of our accumulator clients will fall into that 40s and 50s bracket. We do have younger clients as well, but we tend to find that the income earning capacity is at its highest at that point (when in 40’s and 50’s). These brackets have also been through some of the more challenging steps in terms of building up that deposit and buying that first house, and more often than not have had children before their 40s as well. So they've been through the initial stages of having to change where they're allocating cashflow to.

When we talk about all the different savings habits that you can do for the next 20 years of your life (when you’re in your 40s and 50s), superannuation starts to become something where people really can afford to do it. And it’s also getting to that point where they start going, ‘oh, that's a thing that I'm going to use one day.’ So yes, cashflow is different, and super is more tangible when you’re in your 40’s, but again, I think everyone should consider doing it earlier.

If you have a question you’d like answered, hit us up at [email protected] 

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What we’ve been reading

Is There Actually a Quality Bubble?

A question we used to ask expert investors when they joined us on the podcast is ‘what is your investing philosophy?’. At some point we retired the question after we found that more than half of the answers were similar. Some variation of, “we’re looking for high-quality growth companies trading at a reasonable price.”

Andrew Walker of Yet Another Value Blog, who we spoke to on the podcast last year, wrote an article earlier this year asking if there is a bubble forming in these ‘quality’ stocks. He pointed to a company like Costco, clearly a quality name (or as Charlie Munger called it, a “perfect damn company”) but currently trading on 50x earnings. 

This article takes a look at Andrew's article and asks ‘is there actually a quality bubble?’. Taken together, Andrew’s original article and this response are a great reminder that the job of an investor in individual stocks isn’t just to find a great company. It is to buy it at a price that you can make money from. We can overpay for even the highest quality companies.

Job opportunity!

Our friends at Quartr are looking to hire someone who listens to Equity Mates...

Quartr are Sweden's most exciting Fintech startup and are looking for an Australian remote employee to handle data sourcing in non-European hours.

The role does not require any specific education or past experience but rather Quartr are optimising for specific personal qualities... they want reliability, attention to detail, and thoroughness.

This is a full-time position, and is entirely remote - although you have to be in Australia. You will work in collaboration with the rest of the Data Sourcing team in Sweden. Quartr's Data Sourcing team ensures that the data offered in Quartr products and API is available on time and of the highest quality. This person will be responsible for Quartr coverage of Southeast Asia, primarily focusing on Australia and New Zealand.

Email [email protected] with your applications. They will fill this position very quickly.