Ranking The Best Kiwisaver Funds For 2024 | Over 10 Years, How Has Yours Performed?
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- Опубликовано: 9 июн 2024
- Morningstar published a report exploring the top kiwisaver funds over the past ten years. In this video I reveal the top kiwisaver funds with the highest returns from all risk tolerances, including conservative funds, moderate funds, balanced funds, growth funds, and aggressive funds.
There are literally hundreds of funds to choose from, 370 to be precise as at January 2024, so choosing the correct one can be tough. By looking at the best performers over the past 10 years, we can sort through the average and find the gems. In the shorter term, funds could do well by chasing quick wins or entering highly volatile investments following strong momentum. However, as kiwisaver investors, we only invest for the long term as it could take 10+ years to make a kiwisaver withdrawal for a first home, or 45+ years before retirement. We must therefore compare returns over 10 years to find the managers that can make steady and sustained returns, over the long run. Only in the long run can we often access these funds, so we may as well back kiwisaver fund managers that have succeeded over a similar period of time.
It's also important to ensure you are in the right kiwisaver fund, as being in the wrong fund can literally cost you hundreds of thousands of dollars.
The funds I cover in this video are shown for entertainment value only and are not investment advice. Simply I am sharing public information from Morningstar about these funds, and using external data and judgments by third parties to relate these to the factors I mention. You can find the report I refer to at www.morningstar.com.au/insigh... . Specifically, I used the September 2023 report.
Among the top funds are Milford Asset Management's Active Growth Kiwisaver Fund, Balanced Fund, and Conservative Fund. Generate also had their Moderate Fund, and Focussed Growth Fund feature as the best in their risk category.
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// TIMESTAMPS
► 0:00 Intro
► 1:35 Kiwisaver & Morningstar Overview
► 3:13 Conservative Funds
► 4:07 Moderate Funds
► 4:48 Balanced Fund
► 5:29 Growth Funds
► 6:29 Aggressive Funds
► 7:01 Summary
► 7:43 Outro
Disclaimer:
I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.
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In my view, there should be another column that looks at each provider's fees, and another column that calculates returns minus fees.
Maybe I missed it, but just fyi to peeps here, the returns in the Morningstar document are after fees but before tax.
Ah, the fine print strikes again! Thanks for catching that!
Nice vid!
Thanks! Glad it was useful!
6 more months until I move from Australia to Qtown, so keen
All the best for your move!
I enjoy your content! Very helpful. Would you be able to review Koura Kiwisaver pls?
Thank you for your support and for finding my content helpful! I'll make sure to check out Koura Kiwisaver and see if I can give it a thorough review for you.
@@BrentColeman thanks!
When are we going to get higher employer's contributions above 10% like the Aussies get??
I know right!
What is often overlooked in this conversation, is that Australia's pension is asset & income tested, NZ's pension is universal.
Still I don’t understand which one is best KiwiSaver
Everyone has their own criteria, mine is a fund with high returns after taxes and fees.
@BrentColeman which would you recommend and for long term investing probably for retirement? ?
By the time anyone saves a million it'll be worth 100,000 by the time they cash out. It's almost not worth it to save for that long when you consider the rate of inflation.
We'd have to assume the Kiwisaver contributions would also increase at or near the rate of inflation over an entire working career (assuming wages and inflation move in tandem), so the impact would not be as substantial as simply discounting $1.3M back 45 years
'Don't save or invest any money' said nobody wealthy ever.