Q&As: Caravan couple’s plans for their savings seem too risky; How to find a cash fund — an accessible alternative to a term deposit; Why international investing is not as complicated or risky as reader thinks; Minimum KiwiSaver contributions for non-earners hoping to get first home grant. Plus: How would you improve KiwiSaver?; 2 reminders about KiwiSaver.
Q&As: Market timing is upside down – but reader shouldn’t do it anyway; Another reader seeks advice on timing, plus switching KiwiSaver providers; Use bond funds, not balanced funds, in retirement; Have I followed my own financial advice?; A correction about percentages of retirees in long-term residential care.
Q&As: Why term deposit returns now beat old returns above 10%; Is it OK if an employer makes employees pay their own KiwiSaver employer contributions?; Is it better to pay down the mortgage fast or be in KiwiSaver?; Might a fees-only financial adviser still accept commissions?
Investment risks — Part 4: Ups and downs in investments, emotions and fees. In the last of a four-part series, Mary talks about the risks described in the newly updated “Upside, Downside — a guide to risk for savers and investors”. (Download it here). In this session: Being overconfident about your ability to trade investments or time markets; Taking on more volatility than you can cope with; Letting your emotions rule your investment decisions; Taking on more work or worry than expected; Counting on dividend income; Paying too much in fees and other expenses; Being tax-driven.
Q&As: Calculators that measure your life expectancy more accurately; Is it better to repay a mortgage or save?; Don’t overreact to worry that KiwiSaver retirement withdrawals could be limited; Don’t assume any interest rate trend will continue; What would happen to members’ savings if a KiwiSaver provider went bust.