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.

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Well if you're looking for more detail on this idea, there's a

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