I've never thought too hard about my investments. My philosophy has always been to contribute regularly to an investment, choose a managed fund geared towards long term growth, and let time take care of the rest. But now I'm thinking that maybe it's time to think a bit harder about whether my current investments are right for me.
My investments at the moment are all in the category of retirement savings. They are funds that I hope will grow a nest-egg that will eventually support me with passive income.
1. National Bank Thoroughbred Super Scheme - Growth fund (flexible)
- Current holdings: $9658.12
- Asset allocation: Australasian shares 23%, International shares 52%, NZ fixed interest 12%, International fixed interest 8%, NZ property 5%
- Performance (pa): 1 year -5.90%, 2 years 5.96%, 3 years 9.36%
2. MAS Rsp Growth Portfolio
- Current holdings: $7287.38
- Asset allocation: Australasian equities 25%, International equities 40%, Property 5%, Domestic fixed interest 9%, International fixed interest 19%, Cash 2%
- Performance: 6 months -10.20%, 12 months -7.04%
3. MAS Kiwisaver Aggressive Portfolio
- Current holdings: $1,173.79
- Asset allocation: Australasian equities 25%, International equities 50%, Property 10%, Domestic fixed interest 5%, International fixed interest 19%
- Performance: 6 months -9.30%
4. MAS Kiwisaver Global Equities Portfolio
- Current holdings: $1,156.30
- Asset allocation: Australasian equities 30%, International equities 55%, Property 15%
- Performance: 6 months -10.40%
So as you can see, pretty aggressive funds, and awful performance over the last year or so. But I'm not rushing to re-allocate at the moment. Why not? Well I'm in this for the long run and I'm not going to need any of this money for at least 30 years. Some of it is actually locked in till I'm 55 or 65. So that's more than enough time for the market to recover. In the mean time I'm getting cheap units in each of these funds which will hopefully multiply many times over by the time I cash them in. Well, that's my current theory anyway. I guess only time will tell if I'm being smart or just throwing my money away...
My investments at the moment are all in the category of retirement savings. They are funds that I hope will grow a nest-egg that will eventually support me with passive income.
1. National Bank Thoroughbred Super Scheme - Growth fund (flexible)
- Current holdings: $9658.12
- Asset allocation: Australasian shares 23%, International shares 52%, NZ fixed interest 12%, International fixed interest 8%, NZ property 5%
- Performance (pa): 1 year -5.90%, 2 years 5.96%, 3 years 9.36%
2. MAS Rsp Growth Portfolio
- Current holdings: $7287.38
- Asset allocation: Australasian equities 25%, International equities 40%, Property 5%, Domestic fixed interest 9%, International fixed interest 19%, Cash 2%
- Performance: 6 months -10.20%, 12 months -7.04%
3. MAS Kiwisaver Aggressive Portfolio
- Current holdings: $1,173.79
- Asset allocation: Australasian equities 25%, International equities 50%, Property 10%, Domestic fixed interest 5%, International fixed interest 19%
- Performance: 6 months -9.30%
4. MAS Kiwisaver Global Equities Portfolio
- Current holdings: $1,156.30
- Asset allocation: Australasian equities 30%, International equities 55%, Property 15%
- Performance: 6 months -10.40%
So as you can see, pretty aggressive funds, and awful performance over the last year or so. But I'm not rushing to re-allocate at the moment. Why not? Well I'm in this for the long run and I'm not going to need any of this money for at least 30 years. Some of it is actually locked in till I'm 55 or 65. So that's more than enough time for the market to recover. In the mean time I'm getting cheap units in each of these funds which will hopefully multiply many times over by the time I cash them in. Well, that's my current theory anyway. I guess only time will tell if I'm being smart or just throwing my money away...
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