How to get rich, slowly
Posted in Retirement, Savings on
People often ask billionaire investors like Warren Buffet for investment advice. He will ask them to forget about schemes to get rich quickly - his tips involve getting rich slowly. Learning to save is one of the most important pieces of advice he offers. It sounds simple. The tricky part for many people is putting the advice into practice.
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KiwiSaver falling? Don't panic
Posted in Kiwisaver on
If you've checked your KiwiSaver balance recently you could be feeling a bit down. Despite putting money into your fund it could be sitting at a lower level than at the end of last year. That's because share markets around the world have had a rough start to the year. But that's no reason to panic and switch your money to another fund or provider.
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Budget Buster: The curious case of the shrinking KiwiSaver balance
Posted in Kiwisaver, Savings on
Has anyone else's KiwiSaver balance been mysteriously going backwards lately? Despite faithful monthly contributions, mine's been shrinking faster than a The Biggest Loser contestant's waistline. It's not a great feeling watching your retirement savings melting away. But it's important not to panic before making any rash decisions.
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KiwiSaver fund choices leave money on the table
Posted in Kiwisaver on
Why have KiwiSaver investors received much lower returns, on average, than the New Zealand Superannuation Fund and Australia's Future Fund? Is this underperformance due to the choice of funds, asset allocation or fees?
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Market slumps happen
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We came accross this commentary from Fidelity International and found it to have some wise and timely words: There is a rich seam of wisdom about how to respond to market slumps. This points to two things. First, it says that market volatility is not unusual, it is a shared experience and therefore worth commenting on. Second, it suggests that most people do the wrong thing when the market falls – if people knew how to react there would be no point in the greats trying to put them right.
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Hanging in through market shift will pay off
Posted in Kiwisaver on
Black clouds set in over New Zealand and the UK with the markets down 2 to 3 per cent in 31 short days. Rain wet the Aussie summer with the All Ords off more than 4.5 per cent. A cyclone over Japan saw a 6 per cent fall in the Nikkei and snowstorms in both Europe and the US gave a 5 per cent tumble.
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Focus on the short term costs KiwiSavers Billions
Posted in Kiwisaver on
We stick with low-risk funds but gaily switch power firms. An analysis of the latest electricity and KiwiSaver transfer statistics confirms that New Zealanders have a short-term attitude to money. We transfer from one electricity provider to another to save a few hundred dollars, but we stick with low-risk KiwiSaver funds even though this may cost us tens of thousands of dollars in the longer term.
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Six ways to make the most of KiwiSaver
Posted in Kiwisaver on
Keeping an eye on how savings are progressing can ensure savers get the best return on their investment. More than 2.5 million Kiwis are signed up to KiwiSaver but many people aren't making the most of it..
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KPMG: Average Kiwi 'financially illiterate'
Posted in Kiwisaver, Savings on
The average New Zealander could be losing up to hundreds of thousands of dollars by not managing their KiwiSaver accounts properly, according to leading financial consultancy firm KPMG.
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Oz male retirement savings nine times higher than KiwiSaver average
Posted in Retirement on
The average superannuation balance for an Aussie bloke is more than nine times the average amount Kiwis have put aside for their retirement in KiwiSaver and it's unlikely Kiwis will ever catch up, an expert says.
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