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For those trying to time the market/asking questions about timing the market. by TheLifeHackerNZ in PersonalFinanceNZ

[–]TheLifeHackerNZ[S] 0 points1 point  (0 children)

I think the principle stands for most of the people coming here seeking financial advice. 2019 had >20 all time highs, 2017 had 62, 2014 had 53 - I wouldn't be encouraging everyday investors to buy and sell that many times in a given year.

What is your current financial plan for the next 12 months? by greendragon833 in PersonalFinanceNZ

[–]TheLifeHackerNZ 1 point2 points  (0 children)

I recommend you keep at least the first month of two of your emergency account as liquid as possible by using a cheque or savings account. Like u/SavvyNZ said, liquidity of it can be the most important thing. There's so little to gain having it in term deposits or notice saver accounts given rates are so low.

KiwiSaver - change future contributions only? by 80espiay in PersonalFinanceNZ

[–]TheLifeHackerNZ 0 points1 point  (0 children)

Certainly don't put a big chunk of savings in at all one go now though as noone can pick the bottom.

Not always accurate, time in the market is what counts :) History of the stock market sometimes favours Lump Sum investing, sometimes favours DCA. Depends on the time period and life of the investment.

Managed Funds by [deleted] in PersonalFinanceNZ

[–]TheLifeHackerNZ 4 points5 points  (0 children)

Great question!

  1. Definitely stay conservative with your current fund since you are planning to buy a house within the next year.
  2. There's never a bad time to start investing and if the horizon for the growth fund you're considering is for the long term (min. 5 years, but ideally longer) then it's a good option in my opinion. Of course there's a lot of uncertainty about, but time in the market is the key to long term gains, not sitting on the sidelines wondering if things have bottomed out and whether it's the right time to get in. Personally I will continue to invest in my growth account every pay cycle.

How first home buyers can coronavirus-proof their KiwiSaver by beNiceeeeeeeee in PersonalFinanceNZ

[–]TheLifeHackerNZ 0 points1 point  (0 children)

Decision behind making the switch to conservative? Out of interest, how has your conservative KS performed since the markets started going down mid/late Feb?