#KiwiSaver #Investnow #Funds #FinancialAdvice
Hey everyone! 🌟
So I recently made the switch to Investnow for my KiwiSaver funds and I’m looking for some advice on my current fund allocations. I’m 19 years old and have my sights set on owning a home one day, so I want to make sure I’m on the right track financially. Here’s a breakdown of my current financial situation:
– Weekly take-home pay: $1,100
– Additional investments: $150 in ETFs on Sharesies, $150 in managed funds on Investnow
– KiwiSaver contribution: 10%
– Emergency fund: $100 added weekly
– Using Sharsies $3 plan for learning purposes, plan to transition solely to Investnow in the future
My KiwiSaver funds are currently allocated as follows:
– Foundation Series Growth Fund: 50%
– Foundation Series Total World Fund: 12.5% hedged/12.5% unhedged
– Foundation Series US500 Fund: 12.5% hedged/12.5% unhedged
I switched from ASB KiwiSaver due to high fees and underperformance. Any suggestions or insights on my current setup would be greatly appreciated! 🤔
One possible solution could be to consider diversifying your KiwiSaver portfolio further by looking into funds that focus on specific sectors or regions to reduce risk and potentially increase returns. Don’t forget to regularly review and adjust your investments based on your financial goals and risk tolerance. Your future self will thank you! 💪
Looking forward to hearing your thoughts and recommendations. Cheers! 🌿
I’m a bit older than you and just switched to Investnow a week or two ago. Will be going 100% into either foundation total world or US500. I’m leaning towards total world as my personal portfolio is mostly S&P500. Keep it simple, no need to have multiple funds when it’s already diversified. As someone has pointed out, total world is already 60% US. Hedged or unhedged is your call, depends what your crystal balls says about currency risk.