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Everybody in the business community read Brian Gaynor.
Stockbroker, sharemarket analyst, co-founder of Milford Asset Management and long-time Herald and B
Even contributing the minimum to the worst Kiwisaver fund will, over time, make you money.
OPINION: The results are in: KiwiSaver funds reported returns of between -9 per cent and +30 per cent for the 12 months to December 31, 2020. Yet, frustratingly, many people who earned lacklustre results won’t switch in 2021. We hear a lot of “why would I bother about KiwiSaver when I only have $10,000?” $10,000 is no small sum in the land of KiwiSaver. Let me explain why. Using a compound interest calculator, $10,000 invested for 40 years (with no further money added) earns $361 million if it can achieve an annual return of 30 per cent every year. The number is insane, but it is mathematically correct.