Hi folks same shirt again but welcome to another five minute Friday here on

meaningful money.

So last week I talked about the only three accounts that you need and within those

accounts I talked about something called a multi asset fund. Thought it might make

sense if I put some flesh on the bones there, so that's what we're going to talk about this week. So let's put five minutes on the clock down here as usual and let's dive in. So what is multi asset? Well, in order to answer that, we need to understand what an asset is or an asset class as it's sometimes called.

It sounds very Yorkshire when I said that, don't an asset class? That knows.

But an asset is a type of thing that you can invest in in the hope that it will a produce an income perhaps and B

I nearly said see then and B increase in value over time you see money in the bank never increases in value, you just get interest added.

But if you buy something like say a property or a share in a company,

the hope is that that will increase in value over time making you richer.

So all kinds of different types of assets, shares and bonds, which are IOUs essentially, loans to governments and to companies.

Then we've got property, everybody understands that. We've got

gold, stuff like that. Those are all assets that you can invest in within your

pension or your ISO or whatever. Now what multi-asset funds do is they blend those assets in different

weights depending on the risk profile of the fund, the time scale maybe that

you're investing over and they keep an eye on those weights and they keep them in check for you.

It's a kind of done for you, fire and forget, pre-built off-the-shelf portfolio that you can just buy within your eyesore your pension and

have done with it. Now nearly every ICER and pension that I've ever seen offers

some kind of multi-asset solution but you might need to dig a little bit because very often

when you take out one of these things you might get a kind of default fund particularly true

if you're in a workplace pension there may be a default fund so you may need to get

the brochure out download it from the website and have a

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