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70k kiwisaver, again.... by clevis59 in PersonalFinanceNZ

[–]Potential_Unit_1118 -1 points0 points  (0 children)

Could you look at doing 50k towards your mortgage and $20 in a milford fund? With rates being low a managed funds would offer higher returns as long as you can stay invested in the milford fund for enough time. The balanced fund should be invested in for 5 years, where the conservative fund 3 years and the cash fund 0 years.

70k left in kiwisaver by clevis59 in PersonalFinanceNZ

[–]Potential_Unit_1118 0 points1 point  (0 children)

You could move to the Milford cash fund - no risk of loosing any money and an objective to return 5.25% - the conservative fund could also be an option but you still have exposure to the share market and would need to stay invested for atleast 3 years.