Switching is surely very simple, however, how do you determine the cost of switching? Most of these funds seem to hold some portion of those US big companies.
InvestNow have a great article on this here: investnow.co.nz/switching-kiwisaver-the-hidden-cost-and-how-to-avoid-it/ . Based on their numbers, approximately 10% of Kiwisaver members switch their provider completely each year. Hope this helps!
Heya! I'm with Milford Asset Management in their Active Growth fund. I am not actively contributing as it doesn't make sense with my compensation structure, and I've already withdrawn the maximum amount for my first home withdrawal. So any dollar invested at this point is virtually untouchable until 65. If Kiwisaver had the tax advantages many other countries have, I'd be a lot more tempted.
Very informative….however, while we should and will watch shorter period returns,……when we retire, its the long term returns only that count…..so,….I’m wondering why you avoid emphasising the top performers for the 10 year period…..which is really the only important one…..And yes, some providers haven’t been going 10 years, and so the 5 year period will be the one to look at .
Very informative Brent and timely too. Recently changed provider and happy to see it was a good decision too 😊
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Subbed! Thanks for sharing 🙏🏽
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❤ always great content
Thank you for watching!
Switching is surely very simple, however, how do you determine the cost of switching? Most of these funds seem to hold some portion of those US big companies.
InvestNow have a great article on this here: investnow.co.nz/switching-kiwisaver-the-hidden-cost-and-how-to-avoid-it/ . Based on their numbers, approximately 10% of Kiwisaver members switch their provider completely each year. Hope this helps!
Just an update on fees - Simplicity lowered their fees from 0.29 to 0.25 in February 2024.
Thanks for sharing!
Hey Brent, I'm curious as to which fund you are with? (Obviously everyone is in a different situation so your pick is not financial advice)
Heya! I'm with Milford Asset Management in their Active Growth fund. I am not actively contributing as it doesn't make sense with my compensation structure, and I've already withdrawn the maximum amount for my first home withdrawal. So any dollar invested at this point is virtually untouchable until 65. If Kiwisaver had the tax advantages many other countries have, I'd be a lot more tempted.
Very informative….however, while we should and will watch shorter period returns,……when we retire, its the long term returns only that count…..so,….I’m wondering why you avoid emphasising the top performers for the 10 year period…..which is really the only important one…..And yes, some providers haven’t been going 10 years, and so the 5 year period will be the one to look at .
My one ANZ dam