WHERE I WOULD INVEST $10k
I’m rather risk averse, really. I never gambled, bet on a horse or even bought a lottery ticket. The thing that I like about business is what I can control. For what you put in, however, there is no guarantee that you will get it out. But I do like dashboards, scoreboards and learning about what the key drivers of my business are. Which is why at the Big Red Group we have Marketics’ Albert artificial intelligence as one of our investments for future growth. But not all AI is equal and I invest in that business because I know it. If I was not to be involved in the business, I would choose an industry that I know is in “growth”. So my money would go on a publicly listed stock where I have some understanding of the business, its leadership and the market opportunity. I don’t tend to back a shortterm “flip” – it is a longer, more consistent view. So for that reason I would purchase stocks on the ASX (currency variations in offshore markets can be a challenge if you are not an expert) in the health sector. I’m thinking Primary Health Care (PRY), Ramsay Health Care (RHC) and Healthia (HLA).