In this episode of Order Pad, Felicity deep dives into Taiwan Semiconductor Manufacturing Company (TSMC) and explains why it may be one of the most important long-term investments in global markets today.

As the dominant manufacturer behind Nvidia, Apple, AMD and the broader AI ecosystem, TSMC sits at the centre of the explosive growth in artificial intelligence, data centres and global compute demand.

We break down:

• Why TSMC controls the AI supply chain
• The company’s extraordinary ~50% net profit margins
• AI infrastructure growth and semiconductor demand
• TSMC’s competitive moat and market dominance
• Valuation vs Nvidia, Microsoft and Apple
• Key risks including Taiwan and geopolitical tensions
• What could go right and what could go wrong
• Why we believe TSMC remains a BUY despite trading near all-time highs

If you’re looking for exposure to the long-term AI megatrend, this episode explains why TSMC could be one of the highest-quality infrastructure plays in global markets.

⚠️ Disclaimer

This podcast is general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Prepared by the Talk Money To Me advisers at Shaw and Partners Limited (AFSL 236048). Information discussed is based on facts known at the time of recording, 5 May 2026.

Email us cftgroup@shawandpartners.com.au

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In this episode of Talk Money To Me, Felicity Thomas and Candice Bourke break down how to invest in an inflation-driven market and why traditional portfolio strategies are being challenged in 2026.

With energy shocks, persistent inflation, and changing central bank dynamics, investors are facing a very different environment to the past decade. The traditional balance between equities and bonds is no longer behaving as expected, prompting a shift in how portfolios are constructed.

Drawing on insights from the latest Shaw and Partners Investment Perspectives , this episode takes a deep dive into the assets and strategies designed for today’s market conditions.

🎯 What we cover:

• 💰 Royalties explained – how investing in revenue streams (rather than profits) can provide income, diversification and potential inflation protection
• 📈 Inflation-linked bonds – how these assets adjust with rising prices to help preserve purchasing power and support defensive portfolio positioning
• ⚡ Energy as a macro driver – why both traditional and new energy sources are central to inflation, growth and market performance
• 🌍 Portfolio positioning in 2026 – moving beyond traditional frameworks and adapting to a higher inflation environment
• 🧠 Where to find income and resilience when markets are more volatile and less predictable

🔥 Key takeaway:

The biggest shift in markets right now isn’t just volatility it’s inflation.

And the portfolios that perform will be those that evolve to include:

👉 Income linked to real economic activity

👉 Assets that adjust with inflation

👉 Exposure to structural drivers like energy

🎧 Whether you’re building long-term wealth or navigating current market uncertainty, this episode provides practical insights and a fresh perspective on modern portfolio construction.

⚠️ Disclaimer

This podcast has been prepared by Shaw and Partners Limited (ABN 24 003 221 583, AFSL 236048) and is for general information purposes only. The information discussed is current as at 27 April 2026 and is subject to change without notice.

The content of this podcast is not intended to be, and should not be construed as, personal financial product advice. It does not take into account your individual objectives, financial situation or needs. Before acting on any information contained in this podcast, you should consider the appropriateness of the information in light of your own circumstances and seek advice from a licensed and authorised financial adviser.

Any views or opinions expressed are those of the speakers at the time of recording and may not necessarily reflect the views of Shaw and Partners Limited. Past performance is not a reliable indicator of future performance. Any references to specific investments or asset classes are for illustrative purposes only and should not be taken as a recommendation.

Investments can rise and fall in value and there is a risk that you may lose some or all of your capital. To the extent permitted by law, Shaw and Partners Limited and its representatives make no warranties or representations regarding the accuracy or completeness of the information and disclaim all liability for any loss or damage arising directly or indirectly from the use of, or reliance on, the information contained in this podcast.

If you’d like to discuss how these strategies may apply to your portfolio, feel free to reach out:

📧 Email: cftgroup@shawandpartners.com.au

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In this Order Pad episode, Candice Bourke breaks down the bull case for Netflix in 2026 and why this global streaming giant may still have double-digit upside ahead.

While the stock has been relatively flat over the past 12 months, the fundamentals tell a very different story…

• Strong revenue growth 📈
• Expanding margins 📊
• Rising free cash flow 💰
• A rapidly scaling advertising business 📺

But the real question is: Is Netflix still a growth stock… or has it matured into a long-term compounder?

In this episode, Candice covers:

• Netflix’s latest results and what the market is missing 📊
• Why Netflix is no longer “just a streaming platform” 🌍
• The real moat: scale, data, content and monetisation 🧠
• Forecast growth: revenue, margins and earnings trajectory 💡
• Bull vs Bear case — including valuation scenarios ⚖️
• The rise of ads, live content, and new growth levers 📺
• Key risks investors need to consider ⚠️

For Candice, the bull and buy conviction is clear. Netflix is evolving into a global entertainment powerhouse utility, combining subscription, advertising, live content and gaming at scale.

With:

• ~346M subscribers (and growing) 📺
• Expanding margins toward 40%+ 📈
• Strong pricing power 💰
• Multi-layered monetisation 🔁

This is no longer “growth at any cost” it’s becoming a cash-generating compounder.

Disclaimer

This podcast is general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Candice Bourke is a Financial Adviser authorised under Shaw and Partners Limited (AFSL 236048). All opinions are based on information available as at 21 April 2026 and are subject to change.

Get in touch

📧 cftgroup@shawandpartners.com.au

📧 info@cftgroup.com.au

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