array(1) { [0]=> &object(stdClass)#6804 (52) { ["id"]=> string(5) "17736" ["title"]=> string(177) "What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins? " ["alias"]=> string(172) "what-omicron-means-for-property-and-are-units-right-for-first-time-buyers-what-is-equity-crowdfunding-are-industry-super-funds-tapping-into-member-funds-to-save-their-skins" ["introtext"]=> string(264) "

In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines in the world of superannuation, property, investing and wealth creation, as well as touching on the new Omicron scare.

" ["fulltext"]=> string(1128) "

Steve Waters, director of Right Property Group, talks about investing in a unit and whether first-time investors should put their money into a well-located apartment over a house in a regional setting. He touches on new versus old units and what history tells us.

RMIT senior lecturer of finance Dr Angel Zhong covers equity crowdfunding, what it is and how it’s trending. Dr Zhong also talks about legalities as well as risks for retail investors.

Finally, tax and super guru Timothy Munro chats about industry super funds turning to courts to amend their trust deeds and why this needs to stop. Mr Munro also chats about investing your super in crypto and the implications.

Have a question for our experts? Get in touch at [email protected], and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-11-30 20:20:42" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-11-30 23:02:01" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-11-30 22:53:46" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(240) "{"image_intro":"images\/podcasts\/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(121) "funds, omicron, means, property, units, time, buyers, equity, crowdfunding, industry, super, tapping, member, save, skins" ["metadesc"]=> string(200) "In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines in the world of superannuation, property, investing and weal" ["access"]=> string(1) "1" ["hits"]=> string(2) "64" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1128" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#6806 (3) { ["data":protected]=> object(stdClass)#6800 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-11-30 22:53:46" ["slug"]=> string(178) "17736:what-omicron-means-for-property-and-are-units-right-for-first-time-buyers-what-is-equity-crowdfunding-are-industry-super-funds-tapping-into-member-funds-to-save-their-skins" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(191) "/resources/podcast/what-omicron-means-for-property-and-are-units-right-for-first-time-buyers-what-is-equity-crowdfunding-are-industry-super-funds-tapping-into-member-funds-to-save-their-skins" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

What Omicron means for property, and are units right for first-time buyers? What...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Why crypto doesn’t just inspire investors, but also fans

By Fergus Halliday

June 28 2021
Share

Invest

Why crypto doesn’t just inspire investors, but also fans

By Fergus Halliday
June 28 2021

The hype around crypto is getting harder and harder to ignore.

Why crypto doesn’t just inspire investors, but also fans

By Fergus Halliday

June 28 2021
Share

The hype around crypto is getting harder and harder to ignore.

The excitement around cryptocurrencies like bitcoin has often been likened to that of a cult.

In recent years, it’s even been called exactly that by veterans in the financial services world.

Back in May 2021, Nobel Prize-winning economist Paul Krugman said that bitcoin was “a cult that can survive indefinitely”.

As fervent calls to “hold on for dear life” (HODL) echo through social media networks, it’s hard not to ask whether cryptocurrencies like bitcoin are inspiring investors so much as they are fans.

Speaking to nestegg, RMIT’s Angel Zhong suggested that “the social media sentiment and the associated social trading inspire the surge in trading in crypto”.

“What I have observed is that, while in the sharemarket, investors look into the fundamentals of companies that they invest in, equivalent research is not conducted before investing in crypto,” Ms Zhong said.

Asked whether there’s something unique to the way in which cryptocurrencies inspire certain economic behaviours versus other assets like shares or property, Macquarie University’s Maroš Servátka told nestegg that “people do not purchase cryptocurrency because of consumption”.

According to him, “Many do it because of the speculative motive, but there are people who are true believers as well. They purchase the asset and hold onto it for a long time as well.”

“I don’t want to call it fanaticism or anything like that, but you are a fan of something.”

Mr Servátka said cryptocurrencies like bitcoin are “one of the most volatile assets that there is”, noting that a single day of trading can see the price of bitcoin swing 10 per cent in one direction, followed by 15 per cent in another.

“We don’t see these kinds of swings with other currencies. We don’t see the value of assets drop in other markets,” he said.

Mr Servátka’s take is that where investors in assets like property and shares have two potential motives, crypto investors have just one.

In addition to their market value, Mr Servátka noted that non-crypto “assets that people buy generate some sort of stream of income. They have a fundamental value.”.

“Bitcoin doesn’t really have this. There is no stream of income associated with it.”

“It’s purely speculative motive,” Mr Servátka said.

He says that, as opposed to the similar speculation that occurs in the sharemarkets, cryptocurrencies have been boosted by a number of other factors.

These include the growth of new and younger retail investors jumping into the market, to the rise of app-based platforms that lower the transaction cost of purchasing assets.

“That part of investing has always been there, but what has become possible is the exchange of information – people talk more, which fuels more trading,” he said.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Fergus Halliday

Fergus is a journalist for Momentum Media's nestegg and Smart Property Investment. He likes to write about money, markets, how innovation is changing the financial landscape and how younger consumers can achieve their goals in unpredictable times.

About the author

Fergus Halliday

Cryptocurrency

Australia gets 2 more crypto ETFs

Two more crypto ETFs are coming to the Australian market. ...Read more

Cryptocurrency

Could social media supercharge NFT adoption?

An alliance between CryptoPunks and social media could be a win-win for both parties. ...Read more

Cryptocurrency

Bitcoin tipped to double in 12 months

Omicron has taken the wind out of bitcoin’s sails, but crypto evangelists say the sector remains on track. ...Read more

Cryptocurrency

Cryptocurrencies and CBDCs raise questions for economists

The rise of cryptocurrencies has raised questions for economists. ...Read more

Cryptocurrency

Crypto of the Week: Unibright

Unibright is an up-and-comer in the crypto landscape, but there are plenty of reasons that investors may want to keep an eye on it. ...Read more

Cryptocurrency

Many investors don’t realise how disruptive stablecoins could be

Bitcoin and ethereum are snagging the headlines, but stablecoins could be a rising giant in the global financial landscape. ...Read more

Cryptocurrency

Why Facebook’s rebranding has given cryptocurrencies a boost

Meta’s new marketing strategy is having unexpected implications for the crypto market. ...Read more

Cryptocurrency

Bitcoin might move in 4-year cycles, but don’t count on it

Does the crypto market really move in four-year cycles? ...Read more

Listen

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Listen now

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Listen now

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

Listen now

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

Listen now

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

Watch now

nestegg Presents: Meet the Manager – Australian Solar Investments

Watch now

How much do you expect to spend at Christmas

Watch now

Is your super really that super?

Watch now

Read

Crypto of the Week: Tezos

The Great Resignation may not be what it appears to be

Young Australians facing significant financial difficulties

How will COVID-19 affect investors in the long term?

Financial terms made easy

What Is A Personal Cash Loan - Video

What’s ethical investing?

What is a commodity?

What is a mortgage broker?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

sections

sections

sections

sections

sections

sections

sections

Most read

$155m of Future Fund investments linked to Myanmar military...

Latest Podcast

What Omicron means for property, and are units right for first-time buyers? What...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Why crypto doesn’t just inspire investors, but also fans

Invest

Why crypto doesn’t just inspire investors, but also fans

Why crypto doesn’t just inspire investors, but also fans

RELATED ARTICLES

Australia gets 2 more crypto ETFs

Could social media supercharge NFT adoption?

Bitcoin tipped to double in 12 months

About the author

About the author

more on this topic

Cryptocurrency

Australia gets 2 more crypto ETFs

Cryptocurrency

Could social media supercharge NFT adoption?

Cryptocurrency

Bitcoin tipped to double in 12 months

Cryptocurrency

Cryptocurrencies and CBDCs raise questions for economists

Cryptocurrency

Crypto of the Week: Unibright

Cryptocurrency

Many investors don’t realise how disruptive stablecoins could be

Cryptocurrency

Why Facebook’s rebranding has given cryptocurrencies a boost

Cryptocurrency

Bitcoin might move in 4-year cycles, but don’t count on it

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Meet the Manager series with John Baini - Episode 1

Knowing your rights as a consumer

It PAYS to speak up about your finances

Meet The Manager: The hunt for yield continues domestically despite the Australian economy 'coming off the boil'

Is your car worth it?

Video: Trick or treat this tax time

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Listen

Sick of reading? Let the Nest Egg Podcast deliver information on topics as varied as crypto and emerging markets to retirement strategies and financial literacy straight to your ears.

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips

What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?

Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?

What does the NSW regional permit mean for property investors? Who really wins from the BHP-Woodside merger?

The sea and tree-change norm; Square’s acquisition of Afterpay; Why you should think twice before turning to TikTok for advice

The Olympic effect on property and equity investors; COVID-19 Disaster Payments and super

Listen

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

Borrow

nestegg will keep you informed about the latest in banking, credit cards, and loans. With our wide-range of comprehensive content, you can get all the information you need on how to borrow money more effectively.

Personal cash loans

Will these changes to joint account data sharing impact you?

What are term deposit interest rates?

Will a personal loan hurt my credit rating?