Owen Raszkiewicz

So bad things happen, but the system is pretty resilient.

We have a lot of good regulation here in Australia.

Probably the biggest risk is geopolitically, but even beyond that, you can diversify, you can do lots of things.

Speaking of diversification, what a segue, Kate, over to you.

Did you want me to take a step at it first or did you want to go?

Yeah.

Good point.

You kind of just summarized all that pretty well, Kate.

Yeah.

So when we built our portfolios for our subscription services, what we come up with in the core portfolio was seven ETFs.

But the ETFs, those were seven ETFs that could be used.

So they wouldn't be used for every version.

Like in the balanced option, it would only have like four or five.

In the conservative option, it might have four or five.

And in the growth option, it might have four or five.

But the seven that we chose were kind of like those core pillars of

that would be you'd have one in the growth option but not in the defensive option, but they might have similar ETFs in the balanced option.

So that gives you some context.

So from diversification point of view, as long as you're buying really good ETFs, it shouldn't have that much of an impact going from 5 to 10.

I don't even know what you would...