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  1. #121
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    Quote Originally Posted by Bjauck View Post
    That is tough. Especially if you exceeded the threshold based on passive income from an historic period which included rent or dividends and interest that may now have been cancelled or reduced as a result of Covid.
    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.

  2. #122
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    Now this is hard to beat.100% in first year
    https://www.goodreturns.co.nz/articl...+November+2020

  3. #123
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    Contrarian rules coming up?
    "capital allocation, that people will re-up with managers who have won in the last year, and they will not allocate to managers who have lost. And we know that that's actually a losing strategy, that you do worse that way because of regression to the mean, and you're not taking luck into account, and you're just thinking about short-term results, in terms of as opposed to process.

    Certainly true and-- you don't want to do this in options trading, as well. Whether you're up or down in a particular moment should matter very little. But it's a real mistake that we make and it's a weakness of human decision-making."
    https://finance.yahoo.com/video/form...090000863.html

  4. #124
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    "In a conservative fund, they would end up with about $185,000, or $151 a week, compared to $272,000 or $222 a week in a growth fund."
    https://www.stuff.co.nz/business/opi...nvestment-risk

  5. #125
    Membaa
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    Quote Originally Posted by Baa_Baa View Post
    "The recovery showed a market downturn was the worst time to switch funds, Murphy said. “It demonstrates the importance of long-term investment strategies for what is supposed to be a long-term investment.”
    "The problem was that many of those investors sold out of things like shares at the low point of the market, when they were worth less than they had been for years. They then shifted into funds that largely invested in things like term deposits and cash – and weren’t in the market when it rebounded afterwards.Some switched back but it was too late to save the lost money.
    This has made a tangible difference to balances, and to the end result that many of these people will have at retirement. One financial adviser estimated that people who panic-sold missed out on combined $3.5 billion in retirement savings."
    Last edited by Baa_Baa; 27-12-2020 at 01:12 PM.

  6. #126
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    I did switch my Milford but went from the Growth fund to the aggressive fund and upped my contributions

  7. #127
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    I switched from Generate after they thought investing Kiwisaver funds into Social housing was a good idea. 1.5% returns for a feel good factor? No thanx, not with my money.

  8. #128
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    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.
    Last edited by Bjauck; 02-03-2021 at 08:05 PM.

  9. #129
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    Simplicity. Switched from GMK and very happy.

    Quote Originally Posted by Bjauck View Post
    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.

  10. #130
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    Quote Originally Posted by justakiwi View Post
    Simplicity. Switched from GMK and very happy.
    Cheers I will send them an Email with various questions.
    Last edited by Bjauck; 02-03-2021 at 11:03 PM.

  11. #131
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  12. #132
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  13. #133
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    Quote Originally Posted by justakiwi View Post
    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

  14. #134
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    Quote Originally Posted by Bjauck View Post
    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.

  15. #135
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    Also with Superlife, pretty happy so far and I can avoid the trendy ESG crap to a better degree

  16. #136
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    Now the strategy is to choose the providers who are most savvy with crypto...

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