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09-03-2014, 04:06 PM
#421
Member
My calcs on my wifes KS all generated by the superlife KS website which is pretty useful.
Following article makes sense re big funds.
http://www.telegraph.co.uk/finance/p...est-funds.html
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09-03-2014, 04:43 PM
#422
Originally Posted by Harvey Specter
Given they are EFT, I thought their fees were expensive.
Why would that make their fees expensive Harvey?
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09-03-2014, 05:25 PM
#423
Originally Posted by blackcap
Why would that make their fees expensive Harvey?
Opposite. They should be cheaper but they aren't (compare the smartshares to the iShares overseas - last time I looked they were very different (i assume due to economies of scale)). With an index fund, you get the market return less fees 9you can never beat the marekt) so low fees are key. With an active fund, you hope to beat the market after fees.
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10-05-2014, 01:21 PM
#424
Was just checking out my Kiwisaver . I am happy to be with Milford .
http://www.morningstar.co.nz/s/docum...rveyQ12014.pdf
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13-06-2014, 05:26 PM
#425
Originally Posted by minimoke
RMB
There is really only one rule for kids. And that is "get your kids in it today"!
This is known as the Governments “Working For Families Special Dividend”
People may fret over what will happen when the kids turn 18 blah blah but anyone who thinks that Kiwisaver will in five or more years time look like it does today is dreaming.
So lock that dividend in today, reap the rewards of compound growth, sit back and enjoy a painless wee nest egg for the kids in the future. Don’t think they will end up wealthy from it because there is always the risk their fund may go bust but what the heck, its a no brainer really.
I took my own advice and today I have to admit (and its a rare day - probably attributable to the black Friday) that I was wrong. Signed the whanau up from day one and get them into Kiwisaver with the $1,000 kickstart. I always saw it as my own special tax reduction - shifting my tax for that year into their funds. Anyway, all these years later we get the Statements yesterday and their individual balances are now at $1,125. So who has won - as I originally predicted, the Kiwisaver providers who have happily skimmed off their fees each year. I guess though also the whanau have learnt along the way about fees, reading statements, taxes and how managed funds go up and down.
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13-06-2014, 06:58 PM
#426
Yes minimioke but if someone started today they would only have the $1,000.
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14-06-2014, 07:37 AM
#427
I put two littlies into Fisher Funds back in the day when Kiwisaver started, but have made no deposits since. Both accounts now sit at over $1500. Not fantastic but cost me nothing and better than the proverbial ...
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07-07-2014, 12:50 PM
#428
Hey I am just after some of your thoughts around this.
I am in one of the Growth funds, I have about 30k, its doing pretty well.
The crash (more than just a correction) is coming ... at some point, nobody knows when.
My question is, does anyone think its worth it to change the investment type during this time from Growth to Conservative (or similar), to avoid the decrease that will come as a result from dramatically dropping shareprices (which the growth portfolios are predominantly made up of)? Then change it back to growth in about 1 1/2 years time (or whenever) when the market appears to have reached bottom and start again - changing back to a Growth portfolio. I am doing the same with my shares - moving more to cash than holding, over the past few months and will continue to as exit points on each of them arise.
Any thoughts or considerations appreciated
Thanks in advance.
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07-07-2014, 01:43 PM
#429
Originally Posted by Mista_Trix
Hey I am just after some of your thoughts around this.
I am in one of the Growth funds, I have about 30k, its doing pretty well.
The crash (more than just a correction) is coming ... at some point, nobody knows when.
My question is, does anyone think its worth it to change the investment type during this time from Growth to Conservative (or similar), to avoid the decrease that will come as a result from dramatically dropping shareprices (which the growth portfolios are predominantly made up of)? Then change it back to growth in about 1 1/2 years time (or whenever) when the market appears to have reached bottom and start again - changing back to a Growth portfolio. I am doing the same with my shares - moving more to cash than holding, over the past few months and will continue to as exit points on each of them arise.
Any thoughts or considerations appreciated
Thanks in advance.
Master investor Peter Lynch (often quoted here on Sharetrader) once said "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."
You told us the other day that you are 31 so your kiwisaver got 30 plus years to run. Nobody will time the ups and downs correctly.
However what you are saying s really a little bit of reallocation of asset classes. By going conservative a lower %age shares than in a Growth fund. But even a conservative fund will show losses if there is a collapse.
If you can switch easily do what you think is best but reading between the lines maybe you should have been in a conservative fund all along?
Good you actively managing your own investments ....but that is a different game to investing in a long term kiwisaver fund.
Last word from Peter Lynch - "I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it."
But only you can decide what's best
PS - I taking my 6 figure kiwisaver funds out in 3 months time to look after myself.....hope the market don't collapse by then eh. But that's he difference in approach by us old guys compared to you young ones.
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07-07-2014, 05:14 PM
#430
Originally Posted by winner69
Master investor Peter Lynch ....
Cheers mate, appreciated. Food for thought.
I guess in my mind all I'm after is capital protection. I don't want to see it wiped out when I know I could have tinkered, but then again, I guess gains I miss out on would be lost as well.
So maybe it is just a case of' set and forget'. I want the gains of the Growth, but am hesitant on the losses. I guess having not been through a downturn (with money in - we all saw the GFC, but I wasn't 'in' it) I'm still trying to intellectualise how this works, and how I can make good decisions to ride through it as strong as I possibly can.
Do you mean; look after yourself - as in the funds will take care of you, or look after 'yourself' - in that you will actively manage them??
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