Yeah it was me. Not only forced by thousands of kiwis switching funds, but in addition I'm sure they'll be mandated to do further selling by re-balancing and risk mitigation
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Switched from a growth fund to a cash fund in early March, so only down a few percent from the top. Over 10 years before I can get at it, so looking to switch back to a growth fund when the bear goes back to sleep...
conservative. dont forget non kiwisaver fund managers will also be having redemptions
Growth fund. Haven't bothered looking though as cashed out most of it 3 months ago to buy a house (literally the nostradamus of market timing right here). But at least our mortgage is not much more than our rent was, in a much nicer house, and we went into it with 20% deposit instead of 10% like many FHB).
My other fund investments are getting massacred though.
I switched my balance out of my Growth fund to cash early on so down about 2.5% but left my ongoing contributions in growth so I get the DCA of putting money into my growth fund still
Milford Aggressive :cool: Only down ~20% which isn't bad considering most of it's in international shares.
Not worried with 50 or so years to retirement.
ratkin..with all due respect..Im quite stunned at your post...particularly with reference to thirty five years.Youve been a contributer since 2001..how can you in all honestly say what you said.Are those folk you speak doing exactly what they Should not do...LIKE why did they sign up to aggressive funds in the first place...like what am I missing ..cheers