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sidefx

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#195871 9-May-2016 16:59
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Just wondering if anyone has done any recent research or has any insight on good kiwisaver scheme providers? Mine is currently with Fisher funds, but only because I was convinced at some point in the past to signed up with Tower kiwisaver before they sold it. I've been meaning to shop around a bit at some point to check if I could do better, so just wondering if anyone here has any thoughts?





"I was born not knowing and have had only a little time to change that here and there."         | Electric Kiwi | Sharesies
              - Richard Feynman


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timmmay
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  #1548808 9-May-2016 17:21
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I was just about to recommend Fisher Funds Kiwisaver, though I haven't compared returns recently in the long term they've done relatively well for me. My funds came through all the recent crises with no losses, but minimal gains too.


Geektastic
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  #1548815 9-May-2016 17:29
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So far the former Gareth Morgan fund, now Kiwi Wealth, has done well for me.






 
 
 
 


ZollyMonsta
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  #1548819 9-May-2016 17:39
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My wife and I are with Fisher Funds.




 

 

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Ryanj37
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  #1548831 9-May-2016 18:12
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Hey

 

I would recommend you make sure you are aware of fees when choosing a provider/scheme. Some providers charge huge fees that can make a massive impact on the returns you receive. 

 

I recently switched providers after I realised I was paying large fees. The Sorted Fee KiwiSaver fee calculator is a good place to start. 

 

 

 

Good luck 

 

 


alasta
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  #1548840 9-May-2016 18:33
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See if this helps. 


ockel
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  #1548843 9-May-2016 18:37
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Morningstar put out a report every quarter for all the providers.  Ranks by group (and shows the default funds).  Includes fee information.

 

Morningstar Kiwisaver - March quarter

 

EVERY person who is in Kiwisaver should regularly review the performance of their fund and their risk profile to ensure that their provider remains relevant.  


antoniosk
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  #1548850 9-May-2016 19:04
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Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

 

 

 

Good link guys





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ockel
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  #1548853 9-May-2016 19:07
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antoniosk:

 

Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

 

 

 

Good link guys

 

 

Any monkey can get good returns with a small, nimble fund.  Generating ongoing good returns from a large fund is very difficult.  Which is why most fund managers close their doors on a product at at some arbitrary level of capacity.  Size impacts returns.  Too big and you end up with median returns.


Lostja
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  #1548873 9-May-2016 19:55
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Superlife has done well for me since signing up 2.5 yrs ago


radomatic
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  #1548908 9-May-2016 21:18
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I have been with ASB's scheme for a long time now - I have no problems, and I have always been happy with their service (and the returns for that matter).

 

I especially like that it integrates with my online banking, but that point is obviously moot if you are not already an ASB customer.


BlinkyBill
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  #1548978 10-May-2016 06:55
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I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

I went with Milford as I wanted to try out a boutique provider who don't do other finance services. Only been there a month, so we'll see how they go.

Although I have moved providers I am staying with a growth/aggressive strategy for kiwisaver, so that is a long-term play.

I popped $50k into funds for each of my kids in December, and decided on ANZ as a solid performer, near the top, and with banking services also. They have done ok so far.




BlinkyBill


iDear
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  #1549287 10-May-2016 13:43
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I use superlife and their fees are at the low end compare to others. You can put money into different funds and change it if you want to.

 

I put most of the money into property funds couple years back when they did well and now switched to conservative fund expecting a downturn in our stock and property market.

 

 


dejadeadnz
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  #1549288 10-May-2016 13:46
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BlinkyBill: I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

 

 

 

This is coming from someone who hates Kiwibank (I won't go into it here) but even I have to defend them. I really hope you aren't making any long term investment decisions based solely or even mainly on one (or even a few) past quarters' performance of a fund. Most reputable studies tell you that, for example, the fee structure and levels of fees for a fund are far bigger determining factors of overall returns than past performance.

 

 

 

 


Geektastic
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  #1549322 10-May-2016 14:41
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BlinkyBill: I recently moved from Gareth Morgan, now Kiwiwealth. When he sold to Kiwibank I noticed a significant drop in performance and I feel they have taken their eye off the ball. 2016 Q1 results for Kiwiwealth indicate this has been a good move.

I went with Milford as I wanted to try out a boutique provider who don't do other finance services. Only been there a month, so we'll see how they go.

Although I have moved providers I am staying with a growth/aggressive strategy for kiwisaver, so that is a long-term play.

I popped $50k into funds for each of my kids in December, and decided on ANZ as a solid performer, near the top, and with banking services also. They have done ok so far.

 

If you have 10 kids, I am well impressed...!






antoniosk
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  #1549337 10-May-2016 15:28
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ockel:

 

antoniosk:

 

Interesting - Fisher Growth is huge, over $1bn under management. Forsyth Bar Growth has the better 1 year returns but just $13m under management.

 

 

 

Good link guys

 

 

Any monkey can get good returns with a small, nimble fund.  Generating ongoing good returns from a large fund is very difficult.  Which is why most fund managers close their doors on a product at at some arbitrary level of capacity.  Size impacts returns.  Too big and you end up with median returns.

 

 

 

 

So what strategy do you follow? personally i don't like funds as it's hard to ever understand if you're doing reasonably well, but I agree on your comments about providers closing funds - sometimes they split them too (see Fidelity's split of their major UK portfolio with Anthony Bolton was in charge)





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