I reviewed my retirement fund (KiwiSaver, a bit like a 401K) and found it was on a way too passive investment strategy. So, bish, bash, bosh and I've applied for a more aggressive mix.
I reviewed my retirement fund (KiwiSaver, a bit like a 401K) and found it was on a way too passive investment strategy. So, bish, bash, bosh and I've applied for a more aggressive mix.
So far for me has been working great in ish aggressive mode. Will it have ETF on Crypto one day? Maybe not this year for sure... unless desperate measures come into place...
Aggressive is the way if one has the time or other less risky investments elsewhere. Interestingly, they have an option that keeps one 100% aggressive until age 45 and then shifts 2% a year into income (bonds) to give that 60/40 split at the retirement age of 65. Good for the set and forgetters.
I might be on that one! 😅
That particular strategy is called UniSteps, and they handle it automatically. It's probably decent for someone with no significant investments outside of their KiwiSaver and who doesn't want to think much. So, could copy it manually.
I hate that my retirement funds are restricted in investment choices.
Speaking of Kiwisaver, most have some settings like: Cash, conservative, income, balanced, growth, aggressive. I think SmartShares is running one that allows you to buy your preferred mix of their ETF products.
Yeah. Mine has all of that but nothing that really suits my investing style-- a somewhat aggressive value dividend growth investing. They have income and dividend growth portfolios, but nothing as aggressive as I like (and had been doing successfully myself prior to the changing of our 401k company)
Change 401K company again?
Oh I have already asked my company about that and been denied. I am not the decision maker on that.
I am persistent though so who knows ;-)
I don't understand much about the 401K system, but it seems open for massive corruption and massively out of touch with the realities of modern working life if it's your employer that chooses your 401K provider or if you're locked into a provider once you choose. Surely I must be mistaken.
I am an owner so I have a say so to speak, but I am only one of 7 and in the minority concerning attitudes towards investing.
I am not 100% sure if I am "locked in", but functionally it is very tedious to switch and risky if messed up (penalties and such).