Kiwisaver Strategy

[kiora]

Better than the rest
https://milfordasset.com/funds-perfo...ggressive-fund

[kiora]

Better than the rest
https://milfordasset.com/funds-perfo...ggressive-fund

[iceman]

Simplicity. Switched from GMK and very happy.

Ditto. Switched from GMK (now Kiwi Wealth) after Kiwibank took it over and performed poorly for first couple of years and went to Simplicity. Happy so far after 18 odd months since the switch

[Jaa]

I am currently in the Balanced fund of a Big Bank scheme. The big bank is about to close its dedicated online portal for KiwiSaver account detailed information. The information available on the Internet Banking site is not very transparent and is in summary form with no information on units held or unit prices. So it will have insufficient information for updating the spreadsheet. Has anybody got any particular scheme recommendations? I see Milford were top in Canstar's 2020 review.

Switched from Milford after their trader was caught manipulating share prices to Superlife and been pretty happy.

Low fees, free switches, reasonable reporting and you can split your funds into any of the NZX ETFs or into various funds. A good home for those already familiar with share investing.

[arekaywhy]

Also with Superlife, pretty happy so far and I can avoid the trendy ESG crap to a better degree

[smpl]

Now the strategy is to choose the providers who are most savvy with crypto...

[kiora]

"Kiwi Wealth invests more into private equity

Kiwi Wealth KiwiSaver has committed up to $50 million to leading investment firm Pioneer Capital with a focus on New Zealand businesses exporting high-value products and services in large international markets."
https://www.goodreturns.co.nz/articl...ay+11+May+2021

Good strategy?
They will need to factor in liquidity issues otherwise they could trip up?

https://www.cnbc.com/2019/10/15/star...ship-fund.html

[Stumpynuts]

Milford KS - Aggressive fund here - 90% aggressive, the remaining 10% in active growth.
I'm sure this is mostly a one-off COVID related return, but the website link for Milford that Kiora already posted up - 36.22% return, after fees but before tax as at the end of April 2021 year

https://milfordasset.com/funds-perfo...ggressive-fund

All the selling pre & during the beginning of pandemic scared away a lot of money - realising those losses from paper to actual.

[SBQ]

"Kiwi Wealth invests more into private equity

Kiwi Wealth KiwiSaver has committed up to $50 million to leading investment firm Pioneer Capital with a focus on New Zealand businesses exporting high-value products and services in large international markets."
https://www.goodreturns.co.nz/articl...ay+11+May+2021

Good strategy?
They will need to factor in liquidity issues otherwise they could trip up?

https://www.cnbc.com/2019/10/15/star...ship-fund.html

"Kiwi Wealth KiwiSaver has committed up to $50 million to leading investment firm Pioneer Capital with a focus on New Zealand businesses exporting high-value products and services in large international markets. "

My view is simply, proceed with caution. As i've mentioned before the level of risk is very high and if you expect NZ businesses to get a foot in the door in overseas markets, you've got another thing coming.

Many OECD places have lower corporate tax rates than NZ's 28% - what is the incentive? Why did NZ startups like Xero end up listing on the ASX? Why do the smartest like Elon Musk end up moving to America?

Here's Canada's corporate tax rates (VERY competitive on the global scale): https://www.taxtips.ca/smallbusiness...rates-2021.htm

On the grand of schemes, $50M would hardly shake a stick. It seems they want to target maybe already established NZ businesses that need extra funding to promote more exports. Reality is they're competing against the banks and worse of all, the NZ gov't / central bank that can lend at best rates. The NZ retail investor that puts their $ into these ventures will not see the full deal and the overall outcome (so many things can go wrong as times goes by and when things go bust).

Liquidity is always an issue if any partner wants out or any retail investor has shares that trade on the NZX. Again $50M is small beans - translate that to what volume would that be on the NZX in trading?

[fungus pudding]

Yeah, they need to do something about the partner rules. Last thing I want is to have to dip into my future retirement savings. The wife paid her taxes for years and she should be entitled to the same benefits as the woman next door whose husband wasted all his money down the pub. Why should they get benefit and not us. Penalised for being careful with money.

How on earth can you waste money at the pub?