Deleted
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Post by Deleted on Oct 12, 2022 15:55:19 GMT 12
My Kiwisaver has gone down 2.9% In one month. From the 14th Sept to the 10th Oct. Bloody fuck! I understand funds go up and down, but that is alot, in the wrong direction. I'm not in any particularly conservative or aggressive fund. I know the conservative fund got nailed by bonds when interest rates started going up. I'm not immediately aware of what has caused this. Might be time to change fund managers. This is BS. Unless the fund managers are exposed to the exchange rate somehow? 110k to 101k same period,hope it bounces back soon. |
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N Z Super
Oct 12, 2022 17:10:07 GMT 12
via mobile
Post by Deleted on Oct 12, 2022 17:10:07 GMT 12
Luxury!... Mine has gone down 11% as since November.
ANZ report my loss as less by cunning manipulation
Eg ( not my figures?
Sept 21 balance 200k
January 21 balance peaked at 300K
Sept 22 balance 100k
ABZ say I've lost only only 100k... I day bullshit! It's a 200k loss!
Mine is conservative and yet they are still investing in bonds and shares instead of cash!!!... Furken idiots!
Lucky I never invested big time in KS and used all my money in property investment!
Last year my investments increased 36%.
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Post by fish on Oct 13, 2022 9:04:33 GMT 12
My Kiwisaver has gone down 2.9% In one month. From the 14th Sept to the 10th Oct. Bloody fuck! I understand funds go up and down, but that is alot, in the wrong direction. I'm not in any particularly conservative or aggressive fund. I know the conservative fund got nailed by bonds when interest rates started going up. I'm not immediately aware of what has caused this. Might be time to change fund managers. This is BS. Unless the fund managers are exposed to the exchange rate somehow? 110k to 101k same period,hope it bounces back soon. Gee, 9%, that has to rip your undies. Hope you aren't close to retirement. I read up on the explanations / blog AMP provided with my balance update. Not sure why I'm still with AMP, should have changed to Milford ages ago. The basic issue is volatility, which I think is code for 'we don't know what is going on'. Share markets have all dropped, but if funds are hedged offshore the dropping dollar actually improves the value of offshore holdings. I don't really understand what is going on with the conservative funds (bonds etc). Apparently infrastructure stocks got a hiding, and AMP were gloating that they don't do infrastructure. I don't understand that, as I thought infrastructure was one of the most stable ultra-long term investments you can get. Maybe that is if you own it, rather than trading it. Alchy, if your rental went up 36% last year, how much as it fallen this year? minimum 20% already I'd say? |
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N Z Super
Oct 13, 2022 20:14:54 GMT 12
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Post by Deleted on Oct 13, 2022 20:14:54 GMT 12
Fallen 19% since November 21.
... But I sold it in November 😃🤙😃 so happy as!
Sold my own house at a nice margin .
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