So here’s the deal. People who get financial advice for their investments, make smart financial decisions more often than those who don’t get advice.
Proof? The number of investors who switch KiwiSaver funds because the markets are volatile has increase 500% on the back of increased market uncertainty. Why is this not so smart? Because these investors have sold out of assets at a discount, and have missed the opportunity to buy assets cheaply.
It is understandable though when you can see your KiwiSaver balance gong down on your iPhone, plus you don’t have the insight of sound financial advice. Losing money is never fun but investors need to remember, they don’t get the money today, they may have 25 years to go! If you understand dollar cost averaging and how KiwiSaver makes money for you in tough times, switching to a conservative fund isn’t going to be in your best interests in the long term.
Advice counts! Talk to a Certified Financial Planner today about your KiwiSaver and make some smart decisions around your investment. Remember, we’re here for the long haul, to help navigate the obstacle course that is life.
John Barber
WealthDesign – a life well planned