Different circumstances, Harvey, different circumstances.
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Why if you want international share exposure don't you want foreign currency exposure? (Smartshares is hedged back to NZD)
Splitting up amongst trackers is messy. Check out ACWI (or ACWV even better for min volatility strategy). Vanguard cheap but aren't the best for an international mix.
Agree that timing IS everything. Terrible time to buy stocks (and bond, and property), over 20+ years you will see such better returns. Don't throw away your money under the false (& lazy) pretense that set and forget will pay off, be patient.
The point of these funds is to put money in over time, not as a one off payment. The reality is none of us really know if it is a terrible time to buy stocks or not. Historically when the most people have thought it a bad time to buy stocks has often turned out to be a good time.
A Q&A by Mary Holme which covers index funds. Says the NZ ones are good but once you have more than $100k, probably worth doing it direct with the overseas versions. SO this thread really is on the cusp (per mary).
If the question was where to put $10k, for the admin costs, the NZ versions would be a 'good' deal.
You're wrong. The limited upside in equities (and bonds, and property) is far outweighed by the upside in commodities and inflation.
"000 dollars in each, then set up automatic payments to add 200 dollars to each at the end of every month. Think there around Twenty of them so after a year"
Even in your strategy, you are effectively buying equities at all time highs in a one off payment.