56. Should I DIY My KiwiSaver?

You might've noticed that there is a new KiwiSaver provider on the block, this time offering a unique opportunity to DIY your KiwiSaver. On today's podcast we chat about what this entails, the pros and cons and whether DIY'ing your KiwiSaver is something you might like to consider. Specifically, we speak about: Finding the sweet spot with how engaged you are with your KiwiSaver; is there a point at which we're too engaged? Considerations to make BEFORE you think about choosing the investments within your KiwiSaver What the Sharesies KiwiSaver scheme will offer, based on announcements made to date - including fees, specific funds etc. Whether the responsibility of choosing individual investments within what could be your largest asset at retirement, might be too much to carry (especially if young) How as reactive, emotive humans it’s hard to operate in the same way that fund managers do, particularly with buying and selling stocks/assets The challenges with benchmarking DIY KiwiSaver schemes' returns How switching in and out of the KiwiSaver scheme might work Whether KiwiSaver balances should be a part of the “core” of your portfolio, vs the “satellites” Why Australia established self-managed Superannuation funds, and how they differ to NZ's offerings Why understanding fees matter with KiwiSaver If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz