Is Simplicity Kiwisaver still good?

Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.

Forums › Finance and wealth management › Is Simplicity Kiwisaver still good?

sonyxperiageek

2958 posts

Uber Geek

Trusted

#229071 6-Feb-2018 12:54

So I'm thinking of switching Kiwisaver providers and saw a thread on here early last year that Simplicity kiwisaver was low on fees and also had pretty decent returns. After a year from that thread, just wondering if people's opinions are the same or have they changed?

Sony

1 | 2

2715 posts

Uber Geek

Trusted

#1952394 6-Feb-2018 13:03

I'm still happy with them - have kiwisaver and a separate managed fund with them

freitasm

BDFL - Memuneh
79250 posts

Uber Geek

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#1952395 6-Feb-2018 13:06

Still with them. Still happy.

Could have requested to unlock that thread so it would notify whoever posted there before...

sonyxperiageek

2958 posts

Uber Geek

Trusted

#1952444 6-Feb-2018 14:47

freitasm:

Still with them. Still happy.

Could have requested to unlock that thread so it would notify whoever posted there before...

Yes, good point. I was thinking of doing that but forgot to in the end.

Sony

rscole86

4973 posts

Uber Geek

Moderator

Trusted

Lifetime subscriber

#1952445 6-Feb-2018 14:48

I'm still happy, and would recommend them to anyone.

bazzer

3438 posts

Uber Geek

Trusted

#1952456 6-Feb-2018 15:41

Past performance is not a reliable guide to future performance.

sonyxperiageek

2958 posts

Uber Geek

Trusted

#1952460 6-Feb-2018 15:44

bazzer:

Past performance is not a reliable guide to future performance.

I'm talking current performance as well.

What do you think is a reliable guide to future performance, if any?

Sony

clinty

1182 posts

Uber Geek

Lifetime subscriber

#1952489 6-Feb-2018 16:00

Given the volatility that's just hit the market, I think everyone is going to have a bad return this month.

Having said that I'm with Simplicity and they are much easier and better to deal with than my previous provider

Clint

Equinox IT

Cloud spending continues to surge globally, but most organisations haven’t made the changes necessary to maximise the value and cost-efficiency benefits of their cloud investments. Download the whitepaper From Overspend to Advantage now.

afe66

3181 posts

Uber Geek

Lifetime subscriber

#1952554 6-Feb-2018 17:57

nickb800:
I'm still happy with them - have kiwisaver and a separate managed fund with them

Would it be safer to have different providers for one of these to reduce risk of bad decision taking out both investments ?

nickb800

2715 posts

Uber Geek

Trusted

#1952571 6-Feb-2018 19:23

afe66:
nickb800:

I'm still happy with them - have kiwisaver and a separate managed fund with them

Would it be safer to have different providers for one of these to reduce risk of bad decision taking out both investments ?

Normally yes, that would be a good idea. In my case, I'm happy with my diversification across other investments.

That said, it's an ETF, the risk of a 'bad decision' taking out both investments is probably pretty slim - they're not picking stocks.

bazzer

3438 posts

Uber Geek

Trusted

#1952875 7-Feb-2018 12:18

sonyxperiageek:

bazzer:

Past performance is not a reliable guide to future performance.

I'm talking current performance as well.

What do you think is a reliable guide to future performance, if any?

Current performance is past performance (i.e. how good are the returns up to now?). I don't think there's any really reliable guide to future performance, if there were, we'd all be rich! Personally, I try not to take past performance into account when picking investments because you never know what they'll be like going forward. If that's why you want to pick Simplicity, no worries, but hopefully they have something else going on for you too.

freitasm

BDFL - Memuneh
79250 posts

Uber Geek

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#1958116 14-Feb-2018 16:02

Just received:

We've just released our KiwiSaver fund returns for the year ending 31st December 2017 %)

They are:

Growth Fund     +16.37%
Balanced Fund   +11.54%
Conservative Fund    +6.33%

These are after fees, and before tax. You may be interested to hear that 80% of our members are in the Growth fund, 15% in the Balanced fund, and 5% in the Conservative fund.

ockel

2031 posts

Uber Geek

#1958140 14-Feb-2018 16:47

freitasm:

Just received:

We've just released our KiwiSaver fund returns for the year ending 31st December 2017 %)

They are:

Growth Fund     +16.37%
Balanced Fund   +11.54%
Conservative Fund    +6.33%

These are after fees, and before tax. You may be interested to hear that 80% of our members are in the Growth fund, 15% in the Balanced fund, and 5% in the Conservative fund.