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 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 you need 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. What gets missed in those conversations is why you would even bother with all of that. If high-risk investments often go down and have the potential to cause sleepless nights, why would you put yourself through it? The problem is that it’s impossible to reach certain financial goals if you only ever put your money in a savings account. Well as it’s World Investor Week, now seems as good a time as a