I wonder how much of the fall in consumer confidence is linked to the fact that people can see their KiwiSaver balance on their banking apps? Apart from the sharp fall and associated increase during the March 2020 Covid crisis, this will be first time that people have seen their retirement savings wealth fall dramatically, at the same time that mortgage rates and prices are going up.
I wonder how much of the fall in consumer confidence is linked to the fact that people can see their KiwiSaver balance on their banking apps? Apart from the sharp fall and associated increase during the March 2020 Covid crisis, this will be first time that people have seen their retirement savings wealth fall dramatically, at the same time that mortgage rates and prices are going up.
Hi Tara. Just remember, this is a long term investment, unless you need the money for a deposit on your house, you have plenty of time for your KiwiSaver values to return. DONT change anything at the moment. If you want any more reassurance, let me know, and I will show you the information on bear markets that we shared with our clients. They do bounce back as long as they are real investments. Take Care.
I wonder how much of the fall in consumer confidence is linked to the fact that people can see their KiwiSaver balance on their banking apps? Apart from the sharp fall and associated increase during the March 2020 Covid crisis, this will be first time that people have seen their retirement savings wealth fall dramatically, at the same time that mortgage rates and prices are going up.
Yes, that’s me and (combined with inflation) is certainly depressing my mood.
I wondered that too. It's super panic-inducing. I try not to look at it but I can't help myself.
Hi Tara. Just remember, this is a long term investment, unless you need the money for a deposit on your house, you have plenty of time for your KiwiSaver values to return. DONT change anything at the moment. If you want any more reassurance, let me know, and I will show you the information on bear markets that we shared with our clients. They do bounce back as long as they are real investments. Take Care.
I know this but it doesn't mean that it isn't a scary thing.