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Thread ID: 140198	2015-09-02 05:40:00	Do you have KiwiSaver?	Ninjabear (2948)	PC World Chat

Post ID	Timestamp	Content	User
1407812	2015-09-02 11:42:00	The returns in most of the "higher risk" kiwisaver plans in the last five years well outperformed the interest you pay on a typical mortgage, so you were much better off investing into that rather than paying off the mortgage faster. Current global shenanigans may peg those returns back a bit (depending on the smarts of your provider) but it's still a pretty good looking option. Of course knocking chunks off your mortgage principle while rates are low isn't a bad idea either...	fred_fish (15241)
1407813	2015-09-02 12:25:00	Or you could do both, paying my mortgage off as fast as I can while I make the minimum kiwisaver contributions to get the employer contributions which I wouldn't otherwise get.	dugimodo (138)
1407814	2015-09-02 15:26:00	The name is quite misleading but KiwiSaver is an investment. I have ANZ risking all my funds, so they could lose it all for me, but so far they seem to be doing reasonably well with it and I am yet to see it go backwards, but obviously they are benefitting more by it than the investors are. Depending on how you want to invest it, depends on the possibility of how much you could get or lose. For me, it's something I am not too concerned if I do lose it all. If the government was serious about us truly saving, they would of taken it out before tax. Its also unsecure/not guaranteed, so even more risks that it's possible you won't ever see it at all. It's up to you if you want to do this, but you could probably find better investments than this. Cheers, KK	Kame (312)
1407815	2015-09-02 19:50:00	No mortgage here paid it off 5 years ago. I also put money into a separate pension scheme, as I don't want all my eggs in one basket, both that and my kiwisaver are doing quite nicely with minimal input from me.	gary67 (56)
1407816	2015-09-02 20:44:00	No. We needed every scrap of money we could get. And I don't trust it anyway....in 15 years who knows what will happen, look what happened last time.,	pctek (84)
1407817	2015-09-02 21:25:00	Ditto Pctek, i just cant afford it at the moment. Bloody child support kills me. But that is my problem, i just have to wait.	Gobe1 (6290)
1407818	2015-09-02 23:05:00	Joined straight away, used it to buy first house. Same, unfortunately I got my first house about 6 months before they changed the rules so you could take more $ out. From what I've seen when you're young they usually recommend the more aggressive investments, high gains and high losses but still seems to come out in your favor over the longer term.	Alex B (15479)
1407819	2015-09-02 23:40:00	Same, unfortunately I got my first house about 6 months before they changed the rules so you could take more $ out. From what I've seen when you're young they usually recommend the more aggressive investments, high gains and high losses but still seems to come out in your favor over the longer term.thanks for classic 40 as young. We bought April last year so we missed out as well. Did you get the grant from housing nz?	plod (107)
1407820	2015-09-02 23:43:00	Ditto Pctek, i just cant afford it at the moment. Bloody child support kills me. But that is my problem, i just have to wait.Are you better or worse off with the new rules? Got a couple of mates with exs that are fighting joint custody because it would mean less money to them	plod (107)
1407821	2015-09-03 00:18:00	I'm a bit too old to join it now. But i think for todays young ones starting worek in theri twenties etc it will be great for them when they retire as they will have a nci elittle nest egg. You wll be amazed how much money you need just for a few luxuries. Eg do the maths. If you have 10 grand in the bank that will earn you about $6 a week in interest after tax. So you would be able to buy a bottle of beer each week. lucky you aren't in Europe, where deposit rates are negative. ie you have to pay the bank to look after your money.	nmercer (3899)
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