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913 posts

Ultimate Geek
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Topic # 220194 30-Jul-2017 19:07
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Hi

 

Just wondering if anyone could explain the different Kiwi Saver funds please, I am with ASB for this and I can't seem to find a dead simple explanation of what each one is and what to choose. I currently have mine as attached:

 

 

I am looking to save up for a house in a few (up to 5 years) time.

 

 

 

 


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Uber Geek
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  Reply # 1833868 30-Jul-2017 19:18
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https://www.asb.co.nz/kiwisaver/compare-kiwisaver-funds.html?highlight=4

 

The "Moderate Fund" seems to be the recommended one for someone with your plans.




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Ultimate Geek
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  Reply # 1833882 30-Jul-2017 19:47
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cadman:

 

https://www.asb.co.nz/kiwisaver/compare-kiwisaver-funds.html?highlight=4

 

The "Moderate Fund" seems to be the recommended one for someone with your plans.

 

 

 

 

Thank, I saw that but worried if I change it all to 100% moderate I lose somewhere, but I guess with these kinds of things you will always lose somewhere. 


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Uber Geek
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  Reply # 1833894 30-Jul-2017 19:59
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Growth = More risk
Moderate
Balanced
Conservative
Cash = Less Risk

 

less risk funds will have a low return on investment, high risk ones will have a high return on investment but sometimes will return in the negatives.

 

if you want the money in the short term then go for a lower risk fund, longer term you can ride out any negative returns on the higher risk ones and as you get closer to retirement you can lower the risk


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Uber Geek
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  Reply # 1833926 30-Jul-2017 20:53
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I would have thought of you were wanting to withdraw within the next few years for a house, you would want to be in quite a low risk fund.

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