Charismatic

Financial planning can be hard, trying to figure out which scheme and provider can be a minefield.

What are you invested in at the moment? Cash/Conservative/Balanced/Growth?

Charismatic

Back in ’08 I took a more active approach and moved my scheme from a conservative type fund at Tower to a growth fund heavily invested in global shares at ASB. It was a relatively easy decision, people where panicking and stocks where cheapish. Being youngish I have to be particularly careful in managing my money because there could be a lot of lost opportunity cost associated with picking the wrong investments.

Today when I look at the international market though I’m getting a bit jittery, share prices are high buoyed by cheap cash but there is often little fundamentals growth yet to support prices. It’s been a good 4 year run in a bull market, for those of you in on international markets are you hedging or clinging on?

I always remember that Peter Lynch saying “Bull markets run longer than you expect them to.”

jmh

Balanced, but then I'm a Libra, so I would be.

Clappy

Mine is in growth funds at the moment.

I have more than twenty but less than thirty years to go until retirement age (unless the age changes) and I have always taken an aggressive approach to long term investments.

Charismatic

So you just tend to leave it in one type of investment regardless of the prevailing economic conditions? I tend to try and do a little management just to keep the return rate up.

Clappy

I don't go beyond picking the type of fund based on the timeframe I am looking for a return over. So, at my age that is growth funds.

I have only been contributing to kiwisaver for two years so it is not enough money to spend a lot of time worrying about yet.

My UK pensions are a different story. They are in a QROPS scheme now but mostly invested in UK based funds. I will move them out of UK funds at some point, but not yet.

But if I knew how to make a consistent positive return on the markets then I would do that for a living rather than my current job.

Charismatic

You and me both .

Charismatic

Actual advise on the Kiwisaver website:
Strangely I'm investigating mine at the moment as something isn't right. Maybe it's complacency but...I'd never actually checked before.

Bo-Jangles

That sounds so typically 'she'll be right'; they would have been better to say:

it can be tricky to match up the amounts taken out of your pay with the amounts going into your KiwiSaver account. But don't worry be happy 'cause when you worry your face will frown and that will bring everybody down, so don't worry, be happy don't worry, be happy now