James Kirby

Yes.

So generally we're talking about people.

The accessibility here in the main is for sophisticated investors, folks, which I'm sure you know the definition.

If you don't, you need 2.5 million in assets or a salary of 250 grand.

for two years in a row.

A very soft definition, not as big as it sounds, because believe it or not, they will include your house, which I think is a joke.

But there you are.

Now, what else, Jack, should people be thinking about in terms of seriously diversifying their portfolios?

Can we look at the share market itself?

I mean, are people too narrowly concentrated in that area too?

Yes, year after year, yeah.

So how would you begin that process if I said to you, look, I'm convinced by what you say, but I've never done private equity, never done private credit, don't really have much offshore except I've got one big fat ETF.

That's called US shares ETF.

And guess what?

Yeah, it does 15% a year.

Well, currency adjusted, of course, is a different thing.

But how would a listener begin this process of diversification?

What would be a sensible way to step through it?

Where are those figures from?

That's really interesting.