S1E125: How to combat obsolete wealth management models: BT Money Hacks (Ep 125)
BT Money Hacks
00:00
Rober Advisers Aren't Warm and Fussy or Hold Your Hand in a Crisis
The rober adviser offering, typically at the moment, is providing people with a portfolio that is decided upon according to their risk bucket. So as you know, harry, if you've got a need to spend money in the next 12 months, you should not be investing that into a risky portfolio. The chances of that mney being drawn down by a market sell off and not recovering is quite high. If you need the money in five years time, then it's much safer to invest in ta portfolio of stocks because the probability of that drawdown occurring and recovering is much higher. And what that means is, as you get closer to the need for the money, you should be reducing
Transcript
Play full episode
