Crown ElectroKinetics Corp. (CRKN) having a great run
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Crown ElectroKinetics Corp. (CRKN) having a great run
Kiwisaver is totally crap. Like you say Oz super makes our super look like a tiddlywinks. I know their system is set up differently with means testing etc, but regardless they are light years ahead of us with old age funding. And they are investing in their economy at the same time. Double win for them.
You can invest in Smartshare ETFs via Superlife with much lower fees than Craigs (0.3-0.5%). US large growth has had annualised 5 year returns of 16.4% after fees and tax.
With 199 components it would seem a wiser choice than investing in only one company even if that one company is similar to an ETF.
My point is the Oz super is far superior to ours. So many more investment vehicles, even real estate, tax advantages, better incentives like salary sacrificing , higher compulsory employer contribution, the list goes on. For Ausi's nearing retirement many have accumulated not insignificant super $$$$.
https://businessdesk.co.nz/article/m...arnings-season
EBOS, Fph, Mft and Infratil are our truly international companies with American style returns. These companies can grow revenue year in year out.
It's super difficult to argue with the maths in the article.
Dow closed above 40000. Onwards
Muldoon saw dancing Communist Cossacks at the mention of a super scheme so we did not have as earlier a start to a super scheme as the Aussies. Then Labour’s socialist Cullen was instrumental in setting the KiwiSaver terms. I think he was reluctant to give too many tax advantages lest it would be seen as middle-class welfare. So we got a watered-down scheme, and many continued to use investor real estate as their main way to grow a tax-advantageous nest egg.
The super age was established at 65 in 1945. Only a select few lived that long.
Now every man and his dog gets it as spare pocket money regardless of their income or health. Since there's three year elections it becomes a problem for someone else. Most politicians here think about their future knighthood and board position rather than the future of NZ.