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Headline: Choosing the right KiwiSaver fund can earn you an extra $1.4m in savings

In total 78 comments were made and 511 votes were cast. So what is the crowd saying?

Comment TotalPositiveNegativeName
One has to ask why do they base the returns on the last 10 years and not base them on the inception date of kiwisaver ? This is just a propaganda piece for kiwi saver and the financial services market who make massive fees doing a very very poor job of investing money on your behalf. The vast majority of indexed funds out perform managed funds over time,  why pay high fees to have someone else mismanage your money? The only good advice in the article is at the end Readers should not rely on these opinions
19223mojothemutt
Has this commentator forgotten that there have been and will be, periods when the high risk options return negatively for several years on end.17181Matangibaz
Comparison is over the last 10 years. Conveniently leaves out the significant negative growth during the Global Financial Crisis. A crisis caused by the money men we now have to trust with our super funds. I wonder why people choose conservative funds?!17181chief pedant
Those figures really are best case scenario and quite unrealistic. I was in a well managed fund for 26yrs, which included the GFC. I kept my investments in higher risk as I was young enough to manage that risk. Over 26yrs the fund managed an average of 5.4% per annum, after tax. So pretty good returns and added up well but these stories that talk 7-8% plus arent realistic long term. Many of my friends have had similar results. 13141LBK
Not one mention of the downside risk. 11121Bern123
And how much in 30 years will the worker have in their Kiwisaver who uses all their Kiwisaver funds for a house deposit,
then the contribution holiday for 5 years as they cannot afford the 3 cents unlike our Aussie mates who will be paying none of their own money into their version of Kiwisaver
and then redundant in their fifties as all jobs become automated. 

11198Found out again
The point is to think about what you are doing and align it with your personal risk appetite. Dont just take the default.Yes the risk is higher but returns are higher in the long run.10133Slartinz
There is no mention of risk here. High return usually indicates high risks have been taken- professional gambling in all sorts of markets. So far they have been ok, but we have had the longest expansion in markets since ww2!

KiwiSaver has no government guarantees- you can lose your entire investment just like the finance companies of the early 2000s. At some point in the next crash people will find this out the hard way; and those taking high risks in growth funds may have to start from zero again.
10144Henryasdfasdf
Ah but many people are perfectly happy with their money in a low risk fund. Wealth is not such a big deal for them.9112bholden
Kiwisaver isnt a future holiday fund! Its there to pay for food, power, rates after retirement! Just wait, the do government of the time will make pension payments, if any, that are means tested on the value of how much KiwiSaver a person has. 9134Warp Drive
Or they could take stay in the market and take advantage of the cheap shares on sale. Stock investing is a long term strategy. If you are willing to pull out during a crash then you shouldnt be investing in the first place. As you near retirement, then you can look to go more conservative880NPC
as the australian boomers begin to retire they are finding their superannuation nest egg has been eaten away by corporate theft by the fee takers and fake life insurance policy premiums, the same will happen with our millenials, they have been sold a pup.792FAIRIELD
Bring on self.managed Kiwisaver.7920tter
And no mention of index funds where fees are minimal? Index funds in the long run beat over 85% of all aggressively managed funds by fund managers, even the best fund managers cant compete. Why? Because the fund manager rips the client off in fees. Fees compounded over 30 years are astounding.781ChewBarker
It would be a âtough pill to swallow❠to find out someone else did better than you???? Some investment advisor! Surely saving for your retirement isnt a competition but rather deciding what _you_ would be happy with and setting your sights on that, not trying to keep up with the Joneses? Learn to be satisfied with the basics, happy with more and ecstatic with anything beyond - I suspect it will set you up for a better, happier retirement than the colleague that had $1.4mill more in their pot than you.693AntsyPants
Ive had mine in high risk for 5 years now and Ive 25 years left befor retirement, thinking I will leave it in the high risk one and take warriors to win grand final this year693Zeanie
If people take this advice and put everything into growth funds and there is a share market meltdown, these people will eventually discover that this advice was rubbish and will reallocate it into cash or conservative funds, effectively taking money out of the sharemarket, making the crash worse.6115SGM
I view kiwi saver as one small part of my retirement fund. 671GR25
Yeah the high growth funds will fluctuate a lot but time is the important thing, 22% growth last year then a 7% loss in a few weeks in February for me, but its bounced back with stellar gains in the last few months, balanced portfolio of shares, bonds, property, overseas investments and youll do well 550Spirit of radio

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