Ramin Nakisa

Look, I know how equity works.

There are periods of incredibly good returns, but then you get these 40% peak to draw falls.

I know it will happen.

I don't know when.

There are certain things which are toxic for bonds and equity.

What worries me is that these kind of situations where we get inflation spikes seem to be becoming more frequent.

Well, I think a lot of the research I did just showed that equity just does really well if you're willing to hold it for the long term.

So I think I was pretty cautious when I started investing and then I moved towards 100% equity eventually because the stats are just overwhelmingly impressive.

If you look at its returns above inflation, it's what, 5%, 6% over the last 120 years.

This is the Dimson Marsh Staunton numbers.

So I just thought, well, I just want the extra return.

I'm comfortable with the risk.

I don't need the money anytime soon.

So I just thought, yeah, that would make it really simple as well.

Because I had a member of my community who said, look, you've got these different regional allocations.

Because when I first started, it was just, you know, really complicated, my portfolio.

And he said, look, what's the point?

You could have done something much simpler.

and probably got better returns.

And I realized he was right.