Investopoly
Investopoly is a twice-weekly podcast designed to help you make better financial decisions and build wealth with clarity and confidence. Hosted by Stuart (tax adviser, financial adviser, and mortgage broker) and Campbell (senior financial adviser), each episode delivers concise, practical insights grounded in real-world strategy, research, methodologies, and case studies.
You will get two episodes each week: a main episode that deep-dives into a single wealth-building topic, and a Q&A episode that answers listener questions and real scenarios. Send your questions to questions@investopoly.com.au
We also writes a weekly blog, and many podcast topics build on those ideas and frameworks. Stuart's forthcoming book, Wealth by Design, will be available in July 2026.
Investopoly
Ep 421: Liquidity: what it really buys you
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It's been fascinating to watch how differently asset classes have performed lately, share markets delivering strong double-digit returns while unlisted commercial property trusts and residential property in Melbourne and Sydney have struggled.
But this episode isn't about which asset class wins. It's about something quietly more important: liquidity, and the optionality it buys you.
Liquidity is how quickly and cheaply you can turn an asset into cash without disruption, and crucially, it's not about whether you expect to need cash, but whether you can access it if your circumstances, your view, or the risks change.
Campbell makes the balanced case for both sides. Liquid, listed assets let you invest gradually, rebalance with new capital, manage concentration, and control your tax timing, but they also make it dangerously easy to act on emotion.
Illiquid assets can protect you from your own worst instincts and give you control over the asset itself, but you don't really know what they're worth until you sell, and "liquid" unlisted funds can freeze redemptions exactly when it matters.
The real insight? The right level of liquidity shifts across your lifetime, and knowing when illiquidity stops working for you is the key.
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Over the years we've written hundreds of articles. These three bring our best thinking together on the topics that matter most right now: choosing a super fund, debt recycling, and navigating the new tax changes.
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Important
This podcast provides general information about finance, tax and credit. It doesn't take into account your specific objectives, financial situation or needs, so you need to assess whether it's relevant to your circumstances before acting on it. If you're not sure, speak to a licensed, trustworthy professional.
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