Originally Posted by
justakiwi
Just for your information, I had one free consultation with a financial advisor a few years back. Just out of curiosity, to run my ideas past him and see what he thought. I discussed both my KiwiSaver and my investments with him. I explained my "plan" and the thinking behind it and his conclusion was, that I had done my homework, put a great deal of thought into what I was doing, and in his opinion, my plan was sound. He knew upfront that I had no intention of investing via him but he was still happy to provide a free consultation. He had nothing to gain by not being honest with me so as far as I was concerned his comments were genuine.
As far as your "global crash" comments go, I am well aware that there will be a market crash probably before I got 65. I fully understand the implications of that. I went into this knowing I could lose my investment. However, as I have said before, I have no intention of drawing down on either my KiwiSaver or my investment, when I turn 65. So in the event of a crash, I will sit tight, cross my fingers and hope that in time, the markets and my investments will recover. None of us have a crystal ball. Not even you. We either take a chance or we take the safe road and watch our money depreciate sitting in the bank. I will always have "some" money in the bank for emergencies, but my money is never going to grow there. At least now, I stand a better chance of making my money work for me long term. And by the way. I'm 59 - will any luck I will see another 30 years. At least that's the plan.