WHERE TO LISTEN
Thinking about investing? Chances are, you’re already playing the game. This new podcast unpicks the share market so you can better understand how the system works.
Did you know that some trading apps use the same psychological tricks as gambling apps? That the big players in financial services can pay to get “privileged access” to the ASX?
Life and Shares is a podcast from The Ethics Centre about the share market. Even if you don’t actively invest, chances are that you are already connected to the share market; as a taxpayer in Australia, a significant amount of your superannuation is already being traded.
In this four-part series, hosted by The Ethics Centre’s Cris Parker, we’ve assembled people from different industries to help you understand the rules of the game so you can make informed decisions. We’re looking beyond the jargon to unpack how the system works and what ethical issues you could – and should – consider if you decide to play.
Some may tell you they can pick a winning share. This series unpicks the share market so that you can make decisions you’ll be proud of.
Available to listen now on Spotify and Apple Podcasts.
This podcast is presented by The Ethics Centre. Our work is made possible by donations including the generous support of Ecstra Foundation – helping to build the financial wellbeing of Australians. This series follows the popular first season, Life and Debt.
Life and Shares Podcast Trailer
WHERE TO LISTEN
Whats inside the guide?
EPISODES
EPISODE ONE: PEELING BACK THE LABEL
Let’s break down the jargon: starting with investor classifications.
Did you know that your level of wealth impacts how you can invest in the share market? In this episode, we hear from RMIT Associate Professor Chris Berg who thinks it’s “deeply unethical” that retail investors (‘mum and dad’ investors) don’t have access to the kind of products that rich people do and so are shut out of some of the most lucrative and risky investments… but accountants say there’s a good reason for that.
We also learn about the murky areas of ‘ethical’ and ‘sustainable’ investing and how it differs from ‘responsible’ investing. If an Exchange Traded Fund (ETF) is labelled sustainable, is it irresponsible for it to have a large holding in a fossil fuel company? Is ESG reporting the best way to judge which companies are good to invest in?
GUESTS:
- Chris Berg, Associate Professor at RMIT University and Director and Co–founder of the RMIT Blockchain Innovation Hub
- Susheela Peres da Costa, Principal at The Stewardship Centre
EPISODE TWO: WHO'S RUNNING THE SHOW?
If video killed the radio star, have brokerage apps killed the stockbroker? What’s the role of robo-advisers? And how are algorithms shaping the marketplace?
Did you know that the big players in financial services can pay to get “privileged access” to the ASX? We ask Paul Lajbcygier from the Monash Data Futures Institute, is that fair?
We also hear from UNSW Professor Gigi Foster who thinks greed and profit make the market go round – and that’s not a bad thing. But on the other hand, she acknowledges there’s a growing class of people who don’t work for their wages – they just move their investments around.
GUESTS:
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- Gigi Foster, Professor with the School of Economics at the University of New South Wales
- Paul Lajbcygier, Computation Finance expert at the Monash Data Futures Institute
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EPISODE THREE: IS TRADING GAMBLING?
For the first two months of COVID, nearly 5,000 Australians opened an online trading account… every day. Eighty percent of them lost money.
So, is trading gambling? We speak with a clinical psychologist who’s concerned about the lack of awareness and resources for people addicted to trading. We also speak with co-founder of the International Day Trading Academy Cameron Buchanan, who admits that while trading is gambling, he thinks there’s an essential difference.
GUESTS:
- Cameron Buchanan, Co-founder of the International Day Trading Academy
- Anonymous Guest, Clinical Lead at a gambling treatment centre
Listen to Ep 3 on Apple or Spotify now.
EPISODE FOUR: THE POWER OF PERSUASION
Humans aren’t rational… and yet so much economic modelling assumes we are.
In this episode, we look at a Canadian experiment that investigated the ‘gamification’ of investment apps… and how one minor tweak to the app saw people increase the number of trades by a whopping 40%.
We meet behavioural finance specialists Angel Zhong from RMIT University and Ravi Dutta Powell from The Behavioural Insights Team, who explain how cognitive biases impact how we assess risk and make investment decisions.
GUESTS:
- Angel Zhong, Associate Professor of Finance, RMIT University
- Ravi Dutta-Powell, Senior Advisor, The Behaviour Insights Team