You are correct for $'s invested two years ago but that has to be balanced out by the $'s invested since then in a market that was higher than now.
Printable View
Sorry careless post
Could be worth a look
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Co Duplicate
My strategy has been to do the opposite of what the paid spruikers on TV say, and so far it has worked well.
Would hate to think what state KiwiSaver and bank investment fund balances (and the Cullen Fund) will be in by the time this emerging financial crisis is done.
I would say with confidence, lower than the S&P500 index. Jack Bogle (RIP) even knows it. But what do all these financial advisors have to say? Well they're always going to say, "We are investing for the LONG TERM...." When that long term gets the investor 50% less than what buying the index ETF over 50 years compounded would have at the end.
What do you think about Kiwisaver Funds entering Bitcoin?
https://www.stuff.co.nz/business/124...he-bitcoin-era
Investment or speculation: KiwiSaver fund enters the bitcoin era
I've just been having a look at some of the KiwiSaver "growth" returns for the last 12 months. Although too short a period to measure how they operate over the long term, Juno KiwiSaver seems to in the lead for crappiest returns over 12 months.
Juno (active): down 26.65, pretty much in line with Pie Funds' two Australasian growth funds.
Milford (active): neutral at 0.62% - a pretty good return compared with the likes of Juno
Simplicity (passive until their vocal leader gets in a snot about a company or two, e.g. GNE and DGL): down 3.88% but is before tax.
My view on passive vs active is that the good active should beat the passive, but they will charge for it. When everything goes wrong they have the opportunity to sell high and buy low, something which Milford seems to have done well. Perhaps they could share their ideas with Juno / Pie Funds.
I now have the decision to make whether Juno, relying on Pie Funds, will bounce back or is it time to stop throwing good money after bad rubbish and move to one of the others.