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1376 posts

Uber Geek

# 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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1014 posts

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

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Uber Geek

  # 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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  # 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

  # 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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