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705 posts

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

Ultimate Geek
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  Reply # 1833868 30-Jul-2017 19:18
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The "Moderate Fund" seems to be the recommended one for someone with your plans.

"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."
- John Stuart Mill

705 posts

Ultimate Geek
+1 received by user: 124

  Reply # 1833882 30-Jul-2017 19:47
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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
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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