In this episode of the Australian Finance Podcast, Owen Rask is joined by Cameron Gleeson from Betashares for a practical challenge: if you could only use three ETFs for your whole portfolio, which ones would you choose — and why? Rather than keeping it theoretical, they build two example portfolios from the ground up. The first is for a 34-year-old couple with young kids, a $50,000 portfolio and $1,000 a month to invest. The second is for a 54-year-old couple moving towards retirement, with part of their wealth outside super and a growing need for flexibility, stability and income. Along the way, Owen and Cameron unpack how to think about diversification, asset allocation, risk tolerance, income versus growth, and why the right ETF mix changes with your stage of life. They also dig into some of the biggest mistakes investors make with ETFs, including chasing past performance, misunderstanding what is actually inside a fund, and focusing on yield without understanding the trade-offs. The episode covers passive income, covered calls, credit and fixed income, and the role simple portfolio construction can play for Australians who want to invest with more clarity and less complexity. If you want a practical framework for choosing ETFs and building a portfolio that actually fits your goals, this episode is a strong place to start. Episode resources - Buy Gemma’s book “The Money Reset”: https://amzn.to/42Uz0aK - Speak with the Rask Advice team: https://rask.com.au/advice - Ask a question (select the Finance podcast): https://bit.ly/R-quest Show partner resources - View Betashares range of funds: https://bit.ly/beta-25 - Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit: https://bit.ly/Pearler - Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith Rask resources - All services: https://bit.ly/R-services - Financial Planning: https://bit.ly/R-plan - Invest with us: https://bit.ly/R-invest - Access Show Notes: https://bit.ly/R-notes - Ask a question: https://bit.ly/R-quest - We love feedback! https://raskau.typeform.com/to/ZbfHy6IP Follow us on social media - Instagram: https://www.instagram.com/rask.invest - TikTok: https://www.tiktok.com/@rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg