Which Kiwisavers do you rate?

[fungus pudding]

Anywhere there are low fees are the ones to go for.

I like Superlife.

High profits should be the criterion. Noit the fees.

[Joshuatree]

High profits should be the criterion. Noit the fees.

Its amazing how fees can affect the performance fungus;do you have a provider you can recco?.Thanks CJ,D B,,Lou ,how has the performance,return been. cheers

[karen1]

http://www.consumersaver.org.nz/kiwi...pages/calcform

http://www.goodreturns.co.nz/kiwisav...der-table.html

Some homework for you!

Personally, I have always struggled to compare providers, as no one product is the same as another, they all appear to be structured differently, fees as well.

I started with Gareth Morgan, switched to Fisher. Currently thinking I might have a look at Milford, Superlife.

Always remember that you can change the structure (balanced/growth etc) about twice a year with most providers, no cost)

Good luck with your choice!

[fungus pudding]

Its amazing how fees can affect the performance fungus;do you have a provider you can recco?.Thanks CJ,D B,,Lou ,how has the performance,return been. cheers

It's the result that matters, so look for performance. A fund that has double the fees, and makes quadruple the gains would be better than simply going for low fees. Sometimes you actually do get what you pay for. I have no idea who is any good. I've taken no interest. I retired 30 odd years ago and turn 65 next year, so I just opted for the first name that come into my head that I considered safe, or likely to avoid volatility in the short time frame I had. I picked Garreth Morgan, but I'm only there for the $1k kick start and the tax credit and pay the minimum $100 per month. In the scheme of things it's so trivial that I can't be bothered even thinking about changing. I'm well set up, but if I were younger, I' d stay well clear of Morgan.

[smpl]

I'm well set up, but if I were younger, I' d stay well clear of Morgan.

care to elaborate?

[CJ]

care to elaborate?

I understand that the returns from Gareth Morgan have been less than stella, despite his constant criticism of his competitors.

However, it sounds like Fungus Pudding has such a small amount in Kiwisaver that it is not worth changing, given his proximity to retirement (access to the funds and in particular, all the government contributions) and the fact that if he moves elsewhere for such a short time, they may perform just as badly (better the devil you know ...).

[fungus pudding]

I understand that the returns from Gareth Morgan have been less than stella, despite his constant criticism of his competitors.

However, it sounds like Fungus Pudding has such a small amount in Kiwisaver that it is not worth changing, given his proximity to retirement (access to the funds and in particular, all the government contributions) and the fact that if he moves elsewhere for such a short time, they may perform just as badly (better the devil you know ...).

That's about it. I retired many years asgo, but joined in for the tax credit till I'm 65, but paid the minimum $100 per month, so nothing to get excited about.

[fungus pudding]

care to elaborate?

I'm not suggesting others should avoid him, but the more I listen to him, the less I like him. Just a persoanal thing. He hasn't done that well with his funds, and now sold out to Kiwibank but staying on as manager, or some such arrangement.