Cooking The Books

Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's why all investments need a certain amount of safety, and how to organise that. Hosted by Frances Cook.No matter where you're at in your investing journey, you need a mix of high and low risk investments. In a previous episode, I talked about the rule of 100 – the idea that if you take your age, subtract that from 100, what's left is the ideal percentage of high risk investments you should have your money in. That's because investing is always about time, and the more time you have, the more risk can help you make money while you sleep. But that also means that we all need a certain amount of low risk. Even if you're younger, and you're mostly going for wealth boosting options like shares, a little bit of low risk investment rounds out your options to be better in the long term. And if you're older, you might need quite a few low risk investments.Lower risk means you don't make as much money over