- November 15, 2023
- Posted by: legaleseblogger
- Category: Related News
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## The Current State of KiwiSaver Balances
In recent times, many people have expressed concern over the state of their KiwiSaver balances. Despite the ongoing challenges within the economy, a significant number of individuals have noticed a prolonged period of negative returns on their investments. This is particularly concerning for those who have chosen to invest in growth funds, as they typically expect higher returns in exchange for taking on a higher level of risk.
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## The Role of AI Legalese Decoder in Addressing KiwiSaver Concerns
The AI Legalese Decoder comes into play as a valuable tool for those facing issues with their KiwiSaver balances. By utilizing advanced algorithms and natural language processing, this innovative technology can efficiently decode complex legal jargon and financial terminology that may be used in KiwiSaver documents and agreements. With the ability to provide clear and comprehensive insights, the AI Legalese Decoder can help individuals understand the terms and conditions of their KiwiSaver investments, empowering them to make informed decisions regarding their financial future. This can be particularly beneficial for those seeking to gain clarity on the factors contributing to negative returns in their growth fund investments, ultimately enabling them to take proactive steps towards addressing their concerns and optimizing their KiwiSaver balances.
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AI Legalese Decoder: Simplifying Legal Jargon for Everyone
Introduction
When it comes to legal documents and contracts, the language used can often be complex and difficult to understand for the average person. This can create barriers for individuals who need to navigate the legal system, as well as for businesses who want to ensure that their contracts are clear and easily understood by all parties involved. Fortunately, advancements in artificial intelligence have made it possible to simplify legal jargon and make it more accessible to everyone.
How AI Legalese Decoder Works
AI Legalese Decoder is a cutting-edge tool that uses natural language processing and machine learning to decode complex legal language into plain, everyday terms. By analyzing the text of legal documents, contracts, and other legal materials, AI Legalese Decoder is able to identify and translate the jargon and complex terminology into language that is easily understood by the general public. This can be incredibly valuable for individuals who are dealing with legal issues and need to understand the terms of a contract or agreement, as well as for businesses who want to ensure that their contracts are clear and easily comprehensible for all involved parties.
The Benefits of AI Legalese Decoder
The use of AI Legalese Decoder can have a number of benefits for both individuals and businesses. For individuals, it can make navigating the legal system much easier and less daunting, as they can have access to clear and understandable explanations of legal documents and contracts. This can be particularly helpful for those who may not have a legal background or who are dealing with unfamiliar legal issues. For businesses, AI Legalese Decoder can help to ensure that their contracts and agreements are easily understood by all parties involved, reducing the risk of misunderstandings or disputes down the line. This can ultimately save time and resources for the business, as well as improve their overall legal compliance and risk management.
In addition to simplifying legal language, AI Legalese Decoder can also help to identify potential inconsistencies or errors in legal documents, ensuring that they are accurate and legally sound. This can be particularly valuable for businesses, who can use the tool to review and proofread their contracts and agreements to ensure that they are free from any potential legal pitfalls. By leveraging the power of artificial intelligence, AI Legalese Decoder offers a valuable solution for making legal language more accessible and understandable for everyone.
Conclusion
In conclusion, the use of AI Legalese Decoder can be a game-changer for simplifying legal jargon and making legal language more accessible to everyone. By leveraging the power of artificial intelligence, this innovative tool is able to decode complex legal terminology and translate it into language that is easily understood by the general public. This can have numerous benefits for individuals who are navigating the legal system, as well as for businesses who want to ensure that their contracts and agreements are clear, legally sound, and easily comprehensible for all parties involved. With the help of AI Legalese Decoder, the barriers created by complex legal language can be significantly reduced, making the legal system more accessible and understandable for all.
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****** just grabbed a
If you are in a growth fund, it will be volatile, that’s how they roll. It’s a long term game, don’t sweat the bumbs along the way.
While shares are low, is the time to buy. Putting money into the kiwisaver now will allow you to reap rewards when those shares increase in price later.
Up 10.64% for 1 year in high growth
COVID, global recession, war in Ukraine, now war in Israel. The world is destabilised so so are the stock markets. ItÔÇÖs how stocks work. Unless you want to withdraw money in the next few years, stop looking at it.
I donÔÇÖt know and donÔÇÖt plan on looking for another 15 years or so. Set and forget.
To quote Warren Buffett ÔÇ£Savers should continually buy shares in an index fund(eg S&P500), and simply keep buying it ÔÇ£through thick and thin, especially through thin.ÔÇØ
As encounter intuitive as it sounds, you actually make the most money when it goes down. It took me awhile to realise this, but IÔÇÖve made the most money when thereÔÇÖs been the biggest downturn, thatÔÇÖs what DCA relies on is market volatility.
Also, people happily go into a big box store and buy a massive TV with 30% discount but when the markets down 30%, everyone wants to sell.
I have lost over a years worth of growth.
Unless you have to withdraw very soon, you should see this as a buying opportunity. I explained that here: [https://www.reddit.com/r/PersonalFinanceNZ/comments/nr0sql/benefits_of_dollarcost_averaging_illustrated/](https://www.reddit.com/r/PersonalFinanceNZ/comments/nr0sql/benefits_of_dollarcost_averaging_illustrated/)
A lower price for those funds units right now just means you get more units in the end. If they finally increase in value (and they usually tend to do so) then you’ll have a good multiplier and a higher return.
It can be stressful to look at declining balances, but with a long-term outlook, this really isn’t anything to worry about. Easier said than done, but it’s true.
The stock market isnÔÇÖt doing well. So, thatÔÇÖs what happened.
KiwiSavers are generally made up different investments – Shares, bonds, property, infrastructure and cash. At the moment, Shares are going down and bond yields are going up – when yields go up it reduces the value of existing bonds in your KiwiSaver.
Normally shares and bonds are negatively correlated (like a see-saw – one side up, the other side down) but due to inflation and the very fast rise and severity of interest rates to try and tame inflation both sides are losing value.
Also remember that it’s unlikely your KiwiSaver is only invested in NZ – its very likely that you have only a small portion in NZ and the majority is invested in assets around the world.
Hope that helps – any questions let me know!
The only positive I can provide for ks is that the Govt give you a kick start and your employer contributes. You wouldn’t get those if you weren’t in ks. Having said that I only put the minimum in.
My kiwisaver is showing a 5.26% return in the past 12 months and 4.31% since inception. IÔÇÖm pretty happy with that.
Lost 1k in the last few weeks
Markets fucked, ignore and zoom out
Sitting on +8% since January and 9.6% for the 12 months to now.
Only check it once a month and update my spreadsheet but still have 15 plus years to go so not really worried about volatility because I keep a long term view to investing.
IÔÇÖve been with Westpac Growth and have been seeing a steady increase since September 2022
Funds are on sale. It’s a long term investment, don’t think of it as my investments are down think of it as I’m buying more investments for my money at the moment
Same. If you account for inflation too, weÔÇÖve lost a lot of value.
ASB growth fund I’ve lost $1.5k (3%) over the past month. Pretty disappointing
Had an update from my provider showing a 4%~ increase had been had, yet my balance has gone down since last year?
Not financial advice but I will be leaving my money in. I follow large order flow in the markets and they are beginning to pop off. I’m definitely not taking my money out.
I have been steadily losing for the last 3 months. Nearly a decade in and I have yet to get 10k in returns with over 30k contributed so far.
When the bull rush returns I would hope to hit over 50k in the coming years. Considering I have had negative returns for the 3yr average till recently.
I’m still sad I didn’t take advantage of the post COVID spike that was around April 20. Was up 20+% before it crashed to near contributed value.
Am I crazy (or the only one) that did not enrol with Kiwisaver? I find it so restrictive – like you can’t make use of your funds until you’re 65 – except a few caveats. If you emigrate you can’t take it out as cash, have to deposit into another saver in said country.. Work contribution is taxed before it goes into kiwisaver – and taxed again for your kiwisaver earnings. Government contribution is way too small.. up to $512/year. Limited investments and no control over that? Like, they invest in [Facebook](https://ff2kiwisaver.co.nz/assets/Documents/Where-does-my-KiwiSaver-money-go.pdf). I refuse to contribute to that for moral and ethical reasons.
Oh and I already have my 1st home.
Instead I save a portion of my salary and invest it myself in both low & higher risk (savings, ETFs, etc) and have full control over my money.
Am I wrong? Should I reconsider?
Edit: Do those modding me down not think this is a question worthy of asking?
My kiwisaver averaged 3% a year for the last 5 years, so I’ve effectively been bleeding money. It was in superlife growth. I was remiss in not checking earlier – turns out a lot of it was invested in NZ bonds and shares.
Long story short i shifted that shit to mostly S&P 500 very quickly and it’s doing better.
I love it when it goes down, hopefully it will drop another 50% or more.
Do you want the price of groceries to go up or down?
6% growth last 12 months but about 2% over last 3 years.
i choose not to invest in KS after investing in it since i was a teenager i pulled the plug in early 2021 and used it all to buy a house. Then reinvested again in
qqq +30%
spy +20% 1.52% Dv
I would of made like way way more money if i had just invested in stocks for thos 10 years because the returne really sucked from KS.
The 30 year bull market has ended. KiwiSaver has only been around since 2008. Not putting my future in the hands of a scheme thats only 15 years old
You should ring the Police because thatÔÇÖs theft!
I just checked yesterday; it is not doing too badly it is above the 31 Dec 2021 high by about 10%? It was higher (about 8-10%) a few months ago.
Last 1 month: -3.23%
Last 12 months: +5.75%
In it for the long haul, 80% in a High Growth fund, not bothered about a few % up or down in an individual year
My Simplicity Growth fund is currently about 7% returns in the last year. I started it about three years ago and I havent recouped the loss yet – over-all I’m sitting on a 5% loss 🙁
My AMP Aggressive (75%) and Balanced (25%) Kiwisaver has a rate of return of 7% in the last twelve months. I havent got my calculator on me, but given there has been $8K of contributions since the December 2021 high, and the balance is only $2K better, I’ve taken a significant loss over those two years.
I think everyone’s returns are looking rosy in the last twelve months, but how much did they lose in the last two or three years? But this is a long term game too. Don’t panic.
I’m not 100% sure how to calculate it, but in the last 12 months it’s returned about 8% of its current value
Super life growth for a private pension that seems to have stagnated or gone down for a year or two now. KiwiSaver is going up regularly as I moved it to cash about 18 months ago as I saw the writing on the wall. Will put it back to a growth fund when things are more clearly at the bottom (so maybe end of next year).
I hadn’t looked, now I see it’s dropped by a few thousand, ouch. Im considering weighing up my options though I had it with westpac for years and now with booster but not really seeing any benefit in being with them.
10.76 last 12 month
On growth fund
Still not enough to make up for the covid plummet, but getting there
After breakeven I’ll swap away from Sam’s unlisted housing pet projectƒÖä
There was a downward spiral from Aug till now and trending.
With Superlife you can choose more focused funds rather than just the 5 basic categories.
I went hard into Australian Resources which meant i didnt loose so much while everything else was dropping, but has only recently started to fall.
A while ago i moved some over to US Large Growth which hasnt been doing great so over the last 2 months my balance has stayed about the same.
Look at the chart of performance over time. Depending on when you shifted into it you could be positive or negative. ThereÔÇÖs been quite big swings up and down this past few years.
6.04% 12 month return with Milford active growth
* Can I ask a related question please?
IF you had your KiwiSaver in a bank scheme and were looking to move to a Kernel Simplicity etc
Should you just move now today or wait until your existing scheme recovers?
I’m up 7.6% since January on 100% growth.
4% growth in the last year