Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's how a rule of thumb can give guidance on your personal investing strategy. Hosted by Frances Cook.
Time is everything when you're investing.
Long-time podcast listeners will have heard it here before - the longer you have, the more that risky investments will be right for you, like shares or property.
If you have less time, a lower risk investment like bonds or term deposits are usually the suggestion.
Well if you're looking for more detail on this idea, there's a