Ramin Nakisa

And then you've got your risk capacity, which is your economic ability to take a loss.

If it goes down 10%, 20%, is it going to affect my quality of life?

And then the third thing is the investment horizon.

So the investment horizon is still long.

So that wasn't the reason.

The risk capacity, again, I've still got income from PensionCraft and it's doing very well.

So I don't really need the money.

So it wasn't because of that.

It was purely the risk appetite.

I just didn't like having 100% equity.

It's just not something that sits comfortably with me.

Sorry, go on, mate.

Well, I mean, I was just one global equity exposure.

But because I had different platforms, I had different things on different platforms.

So I just usually go for the cheapest fund, which gives me roughly the right exposure on the platform.

And they're all pretty much the same.

They're highly correlated and there's not much between them.

So on Vanguard, you've got to use their funds.

So I had VHVG, which is developed only.

But then on other platforms like InvestEngine and Trading212, I could have Acqui, which is a very cheap global equity fund that tracks the MSCI All Country World Index.