Originally Posted by
Bobdn
I didn't know what my returns were for many years so decided to bite the bullet and work it all out. Predictably I was consistently underperforming the market eg Vanguard's VT (world fund). With 9600 stocks, nothing is more "the market" than that index.
That's when I decided to go fully into passive funds, apart from 1000 GNE shares
If one has made ones nut and doesn't really need the money, then I can understand why one wouldn't bother working out the numbers.
However if you're starting off investing its an essential reality check. If you're not beating the market then maybe it's better to buy the whole market. Investing is the one area in life where you get to beat the professionals with next to zero effort.
Simplicity has extremely low cost (by NZ Standards) hedged and unhedged international share funds and local funds. Kernel does a good job too.
Smartshares/Superlife has a great range but need to trim their fees a bit now.
I own all three plus some Hatch funds. I have a slight oil itch I have to scratch so allow myself an energy tilt (VDE) - no one's perfect. It's still an ETF but a slight rule bend;). And of course my tilt has failed to out perform the market. No surprise there!