Owen Raszkiewicz

You want Australian shares, you want international shares.

You might have a different type of international or different type of Australian shares, like you mentioned thematic or whatever.

Yeah, maybe something like that.

You might have one fixed interest ETF, like a bond ETF.

If you're so inclined, maybe a gold ETF?

Yeah, true.

And then, so we're probably about six or seven, but this is like we're also toying with some thematic ETFs here.

Yeah.

You might, if you want to be thematic as well, you might look at Europe.

Although, pardon me, you could just get an ETF that does the whole world if you wanted to.

Or you might want to have a particular focus on emerging markets, which is very popular.

And so there you go.

Maybe you get to 10, but that's including thematic ETFs.

So if we're just talking about the core portfolio, it doesn't need to be that big.

There's one or two ETFs here in Australia, frankly, Braden, which is what I suggest to friends and family, which is just one ETF that does it all.

Okay, so now that's the kind of common sense answer to the question.

Let's just talk about different types of diversification and risk.

So there are two types.

Kate, over to you.

Yeah.