Ramin Nakisa

So you start increasing your risk as you get older.

And actually, the back test shows that that works very well.

I like that.

I like it.

Well, I mean, I'm just putting a number out to the air.

And now the yields are higher, you know, 4%, 5% for a gilt, which is very low risk.

I mean, the risk of default is very low.

And if you hold them to maturity, you don't worry about yield curve movements because you've locked in the rate of return.

Your real worry, I think, is inflation because that can eat away, in which case you buy linkers, you know.

So some of the people buy inflation-linked bonds.

Some of our community have got, like, huge inflation-linked bond portfolios because they're really, you know, kind of like inflationistas.

They really believe it's going to kick off.

Yeah, those are linkers, yeah.

I do have a little bit.

Yeah, I mean, just sitting in a bank account.

And, you know, sometimes I put stuff into cash savings.

But usually that's fairly minimal.

You know, that wouldn't tide me over for that long.

Maybe, you know, six months, something like that.

But there is some buffer.