Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why people bother with volatile higher risk investments. Hosted by Frances Cook.
When we talk about investing, we often take the time to warn about high-risk investments.
We'll tell people youneed to be ready for the ups and downs of such investments, to do your research, prepare mentally, and make sure you have a long timeframe to ride out volatility.
It's all true, but talking about this often gives the unfortunate impression that investing puts you at risk of losing everything. So people do nothing.
Because while some people think a low risk investment is the same as a safe investment, sometimes it's anything but.
I talked to David Boyle from Mint Asset Management about the pros and cons of higher risk investments, and the difference between a calculated risk, and gambling.
For the episode, listen to the podcast.
If you have a question about this podcast, or an idea for the next one, come and talk to me about it. I'm on Facebook here, Instagram here and Twitter here.