Investing core portfolios for our community has been unreal in many ways. But a truly unexpected benefit is that when you allocate your Core in a sensible way, the Satellite takes on a life of its own and you can act with way more conviction. This is going to be big focus for us in 2025. Props to @PeteWargent for helping me with sensible monthly macro insights. (Pictured: My $20,000 demo Rask Invest account. And yes, that’s the Genuine Like a Version cover by Abbe May. Read the PDS & TMD at before acting on a tweet like this.)

Personal or general? Retail or wholesale? Sorry, I’m not familiar with what you’re doing. A normal personal + retail planning licence isn’t too bad. I find it’s when businesses have mixed methods (like ours) that PI gets hairy - or you need multiple policies. As a general rule, assume 1.5-2% for PI/turnover. Base rate is $20k or they won’t get out of bed. Speak to a broker before submitting the AFSL as ASIC’s new fast track may mean you get a draft licence far quicker than you think - but I believe you’re still given the same timeline for proving the PI component post draft approval. I looked at a fair few existing AFSLs around ~$100-140k mark. During DD I uncovered some really crooked stuff. The asymmetry is to the downside imo. Just get a clean one.

@PeteWargent Always buy. Property only goes up. Currently annualised at 26% based on today’s increase. Whats the bitcoin price doing? Read my next column for more marketing.

@bigcockcapital Yes. My advice is as follows: “I’d rather buy 3 times inverse leveraged ETFs against whatever CJ says in his next AFR column.”

@LeighGant5 You too mate! Loving the updates!

@RonSaylor23 I’m pretty sure ASIC said “go and ico this licence, bro, everyone is doing it.”

@zkstew Thanks Joshua! One of our OG supporters mate. Cheers!

You’ve been banging on about this since before I knew how to tweet. And well done mate. You have crushed it. I still don’t have a substantial exposure to Bitcoin but I’ve considered adding a new sleeve for our investors who want some exposure. I lost my secret phrase years ago. But you can bid on an nft I minted - look for the one with my ugly mug on ETH… if you’re looking to do something silly with your BTC harvest, Gaz…

@GeoffWilsonWAM You mean “welcome to the land of massive professional indemnity bills”? Thanks Geoff, misery loves some company. Hope you’re well mate.

@BhagCapital By community I mean Rask community. I just can’t be everywhere right now.

@cam_juha Thanks mate. From day one. I appreciate you always supporting me and the team.

@Naaanduuuu lol babies on every continent. Thanks mate

@allthingscutie Thanks mate! I appreciate it.

@RotheTob Thanks mate

@claudedwalker Thanks mate! It’s all thanks to people like you. Update for you out next week, I hope. Just gotta announce that ‘project’ we’ve been working on 😊 launch likely mid/late March.

@golding_mitch91 Thanks bud. Definitely not wanting a minimum wage - happy to fork out whatever if the ROI is there.

Is 2025 the year for the S&P 500 market crash?

@shawnburns13 That is a superb rec on Norris. Finding contacts for those types of folk is hard, but not impossible. I’ll ask around. Thanks mate. Shemara is probably the apex in banking right now. Would love to chat with her.