Carl

I don't know.

You're not going to like that.

It's not paying enough.

Let me have a look.

Let me have a look.

I've got two here that I'm tossing up between.

I...

Okay, I'm going to be the undertaker.

I hate it.

I hate it, but I'm going to be the undertaker.

In the Panthers' eels, under $47.50 at $1.90.

Our question today is from Miguel in Madrid, who asks whether diversification is really necessary once someone has built a comfortable portfolio.

The short answer is yes, diversification is one of the main tools for protecting wealth across changing conditions.

Different assets respond differently to economic shifts, interest rates and geopolitical events.

By spreading investments across sectors, regions and asset types, investors reduce the risk that one setback threatens the entire portfolio.

We've got an important one from Sarah in London, who asks why inflation gets so much attention in long term financial planning.

You'd be surprised how often this gets overlooked.

And look, it comes down to the fact that inflation gradually erodes the purchasing power of money, meaning the same amount buys less over time.

If wealth isn't invested in assets that grow faster than inflation, its real value slowly declines.

Over decades, that quiet erosion can be more damaging than short term market fluctuations.