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  1. #81
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    https://mindfulmoney.nz/ is a new tool looking to cover ethical investment but also returns

  2. #82
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    Simplicity also offering lower interest home loans

    "To celebrate, we're now offering first home loans charging just 2.95% interest.

    How can we do it? It's simple.

    Currently, all our KiwiSaver and Investment funds have some investments in bank deposits.

    The banks then lend those deposits as home loans, making huge profits.

    By offering first home loans directly to our members, we're cutting out the middleman.

    And because the interest paid to us by borrowers will be higher than bank deposit rates, returns to KiwiSaver and Investment funds should be higher.

    And lending directly to our members will make their first homes easier to afford."

  3. #83
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    I switched to Simplicity a few months ago and while it is obviously early days, I am very impressed and very happy with my decision. They are a bunch of down to earth, genuine people who are passionate and dedicated and their communications and customer service are excellent. Their home loan announcement today, is too late for me, but I will be encouraging my adult children to seriously consider switching to Simplicity.

  4. #84
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    Quote Originally Posted by Joshuatree View Post
    Simplicity also offering lower interest home loans

    "To celebrate, we're now offering first home loans charging just 2.95% interest.

    How can we do it? It's simple.

    Currently, all our KiwiSaver and Investment funds have some investments in bank deposits.

    The banks then lend those deposits as home loans, making huge profits.

    By offering first home loans directly to our members, we're cutting out the middleman.

    And because the interest paid to us by borrowers will be higher than bank deposit rates, returns to KiwiSaver and Investment funds should be higher.

    And lending directly to our members will make their first homes easier to afford."
    Be interesting to see how this goes , if there was for some reason a large number of redemptions , could they have to call the mortgage in ?

  5. #85
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    I was wondering that too but from what I can tell I don't think they will be issuing huge numbers of mortgages, at least not initially. They are doing it by ballot - which makes me think they will approve a small number of applications for each ballot.

    Quote Originally Posted by stoploss View Post
    Be interesting to see how this goes , if there was for some reason a large number of redemptions , could they have to call the mortgage in ?

  6. #86
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    Also interesting to note that the 2.95% rate will be floating rather than fixed. They mentioned in one of their videos they aim to undercut the lowest fixed rate on offer by at least 20%

    If I was looking for my first home i'd definitely be keen to take on this offer!
    Last edited by Bitcoin; 15-10-2019 at 09:13 AM. Reason: meaning wasn't clear

  7. #87
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    Quote Originally Posted by Bitcoin View Post
    Also interesting to note that the 2.95% rate will be floating rather than fixed. They mentioned in one of their videos they aim to undercut the lowest fixed rate on offer by at least 20%

    If I was looking for my first home i'd definitely be keen to take on this offer!
    Bank of china is offering 3.15 5 fixed for 1 year , so they might have to drop the rates a bit .......

  8. #88
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    Latest QTR Kiwisaver reports out .
    Juno aka PIE Funds has taken out # 1 in the Growth category ...not bad going in their first year .

    https://cdn.morningstar.com.au/mca/s...ey-Q3-2019.pdf

  9. #89
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    Interesting reading. I swapped from Kiwi Wealth to Simplicity at the start of the year after very poor performance by Kiwi Wealth in the previous 12-18 months. I note from reading this that they continue their poor performance. Seems to have gone downhill after Kiwibank bought out Gareth Morgan

  10. #90
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    Me too. Very happy with Simplicity so far.

    Quote Originally Posted by iceman View Post
    Interesting reading. I swapped from Kiwi Wealth to Simplicity at the start of the year after very poor performance by Kiwi Wealth in the previous 12-18 months. I note from reading this that they continue their poor performance. Seems to have gone downhill after Kiwibank bought out Gareth Morgan

  11. #91
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    Quote Originally Posted by stoploss View Post
    Latest QTR Kiwisaver reports out .
    Juno aka PIE Funds has taken out # 1 in the Growth category ...not bad going in their first year .

    https://cdn.morningstar.com.au/mca/s...ey-Q3-2019.pdf
    What I don't like, the disclaimer:

    * Performance numbers supplied directly from the provider rather than calculated independently by Morningstar.

    A lot of information missing such as are the returns net of taxation, PIR 28%? FIF? Otherwise the reported returns can only be taken as a 'gross' figure quoted below:

    "Average multisector category returns over the September quarter ranged from 2.9% for the Growth category to 2.2% for the Conservative category."

    LONG term performance is key and while i'm being repetitive, Warren Buffet pointed out in the past that managed funds do not beat buying the index returns over a long term period. He won a wagered bet that they could not beat the S&P500 index. What i'm seeing in NZ is more $ is wasted on managed funds, administration fees, etc. via 'salesmanship' than actual returns to investors. I'm not seeing transparency in any of these NZ based fund when compared to say buying real estate in NZ. One thing is certain though, that $60B in Kiwi Savers invested gives IRD the ticket to tax all these funds (while the FMA basically locks out NZ retail investors out by directly buying ie an S&P500 Vanguard ETF through a US broker.

  12. #92
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    Adding to my last post, the last paragraph in the survey says it all:

    "Investors may notice differences between the returns published in this survey and those they see elsewhere. There are several possible reasons for this. First, the returns published here are after fees but before tax. Second, we take the associated tax
    credit into consideration when calculating and publishing these returns, while some fund managers base their published performance figures on month-end unit prices only. "



  13. #93
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    Quote Originally Posted by SBQ View Post
    What I don't like, the disclaimer:


    Warren Buffet pointed out in the past that managed funds do not beat buying the index returns over a long term period. He won a wagered bet that they could not beat the S&P500 index. What i'm seeing in NZ is more $ is wasted on managed funds, administration fees, etc. via 'salesmanship' than actual returns to investors.
    YEP

    Numerous people agree with this. Great you tube presentation from "Cramer" from mad money on the same subject.

    Swapped last month from Kiwi Wealth to Simplicity. In the past GMI held a significant portion of Vanguard ETF, but this has now disapeared as has the leading performance of this fund, now struggling to hit thier own published benchmark.

    Wish I could buy the ETF directly.

  14. #94
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    Quote Originally Posted by mshierlaw View Post
    YEP

    Numerous people agree with this. Great you tube presentation from "Cramer" from mad money on the same subject.

    Swapped last month from Kiwi Wealth to Simplicity. In the past GMI held a significant portion of Vanguard ETF, but this has now disapeared as has the leading performance of this fund, now struggling to hit thier own published benchmark.

    Wish I could buy the ETF directly.
    You can buy the Vanguard ETF's directly on the ASX for what its worth. Not sure if that is what you mean though.

  15. #95
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    Quote Originally Posted by stoploss View Post
    Latest QTR Kiwisaver reports out .
    Juno aka PIE Funds has taken out # 1 in the Growth category ...not bad going in their first year .

    https://cdn.morningstar.com.au/mca/s...ey-Q3-2019.pdf

    thanks for the link, otherwise I wouldn't have read it. Re Growth funds, That No 1 fund Juno, is tiny, and new , still got pimples , so irrelevant to me. Simplicity doing well but only 3 years under the belt. Fisher doing well currently but ranking drops over the longer periods. Look at Milford Active !! I knew I should have chosen them but...

    I'm with Aon Russell 2045 only doing average for the year but 5th over a 10 year period. Yes their fixed fees are a little high, I know I should care about this but I just cant. Its fixed so becomes less and less a big deal.
    I like the option of choosing the year for redemption so you don't have to go from growth to balanced as time passes. That said 2045 is too far out but what I wanted.
    For clarity, nothing I say is advice....

  16. #96
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    Quote Originally Posted by blackcap View Post
    You can buy the Vanguard ETF's directly on the ASX for what its worth. Not sure if that is what you mean though.
    Thats good to know, many thanks. Some homework for me to do now.

  17. #97
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    How's people's kiwisavers doing last few days...?

    .^sc

  18. #98
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    Quote Originally Posted by Shrewd Crude View Post
    How's people's kiwisavers doing last few days...?

    .^sc
    The more compelling issue is, are those managed fund patient enough to accumulate cash to take advantage of this week's crash? In prior years analysts were critical of Buffet hoarding too much cash in Berkshire - now around $130B. Now the table has turned around so we will see who will win.

  19. #99
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    Quote Originally Posted by SBQ View Post
    The more compelling issue is, are those managed fund patient enough to accumulate cash to take advantage of this week's crash? In prior years analysts were critical of Buffet hoarding too much cash in Berkshire - now around $130B. Now the table has turned around so we will see who will win.
    Oh can you fill us in please, what's happening?
    Is buffet fully invested?

    .^sc

  20. #100
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    Quote Originally Posted by Shrewd Crude View Post
    How's people's kiwisavers doing last few days...?

    .^sc
    I read a few articles at the end of last year trying to get people to put their kiwisaver into high growth finds investing rather than leaving it in conservative default funds. It is time to read the disclaimer post scripts now.

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