Originally Posted by
SBQ
@Aaron:
I'm not in a Kiwisaver scheme and never will be. But if I was forced to, I would pick the fund that has the absolute LOWEST, PASSIVELY managed fund there is. One that just does nothing but buy Vanguard's S&P500 ETF ticker VOO or VOOG. It sounds like the fund you are in with such a person like Ms Rhiannon, is an ACTIVELY managed fund; if you say how she manages your investment in their portfolio. As Charlie Munger always reiterates, 'there shall be no compensation scheme to pay these fund managers for merely doing the same as everyone else... by choosing an overly diversified portfolio because they're too scared and too lazy to actually learn what companies they want to invest'. A person investing in KS does not need to be invested in 1000s of different companies and asset classes for the sake of 'DiWORSEsification'.