Pete Wargent

speaker

553 appearances 2 recordings 1 series first heard Oct 2022 last heard Jan 2023

Pete Wargent’s voice in public audio — every appearance, attributed to the second.

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And also, as you mentioned, as your life stages change as well, your preferences change.

Some people have much less tolerance for risk, for example.

In my case, we had a couple of kids.

Suddenly, it's changed my whole perspective.

Now, I don't have to be the best.

I just need to not do something stupid.

When you're younger, of course, young alpha male or

Not so much me, but a lot of people, they have to try and be the best at everything.

Whereas as you go through life, your priorities change and therefore your asset allocation might change.

I mean, I think financial advisors always knew this, the tilt in the portfolio as you get towards retirement.

But with asset classes,

It's a bit different with property because of the leverage involved.

The risks are actually different.

As you said, exactly the right phrase.

It's a journey for everybody and you've just got to find what works for you.

Yeah, well, I guess one of the advantages of being around for a few cycles is you've seen this a few times before.

I think it will never change.

When property prices are falling, nobody wants to buy.

And then, of course, the market will turn.

There'll be a few headlines about rising auction clearance rates.

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