[vc_row][vc_column][vc_row_inner el_class=”container”][vc_column_inner][vc_column_text]You probably don\u2019t normally give your KiwiSaver much thought, but now that you might have seen it drop during this unstable time, you\u2019re freaking out a bit. Here are some tips to help you put it all in perspective.<\/p>\n

KiwiSaver is an investment<\/strong>
\nDid you think KiwiSaver was a big savings account? You\u2019re not alone. It\u2019s actually an investment – yeah, like stocks and shares but usually not that risky. This means that you will see the cash in your KiwiSaver go up and down over time – this is perfectly normal so don\u2019t freak out.<\/p>\n

It\u2019s all a long game<\/strong>
\nKiwiSaver is designed to be used when you want to down tools and retire. Like, we said, you\u2019ll probably see the balance go up and down many times before then, but where it goes down, it\u2019ll usually go back up again. And if you\u2019re not touching it until retirement, that gives plenty of time for it to build back up.<\/p>\n

Remember your goals<\/strong>
\nDepending on what your goal is (buy your first home, have heaps for retirement, etc.), you would have (hopefully) set up your KiwiSaver with that in mind. If you chose to be in a particular type of fund before all this COVID-19 craziness went down, it will probably still be the right decision when things return to normal, so don\u2019t go changing everything because you\u2019re worried.<\/p>\n

Don\u2019t lock in your losses<\/strong>
\nIf you do switch your fund to a more conservative one because you\u2019re stressing, you\u2019ll likely just be locking in your losses. When the market does sort itself out, you\u2019ll still be in that fund and won\u2019t be able to make it all up again as easily. You could switch back, but it\u2019s really not a good idea (plus who has time?) to be changing it with every market change.<\/p>\n

Get some help<\/strong>
\nIf you are really worried about your KiwiSaver balance and it\u2019s stressing you out way too much, you can always ask for help. Chat to an adviser about the markets and what\u2019s happening and see what your options are.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_id=”related-post”][vc_column][vc_custom_heading text=”Related articles” font_container=”tag:h2|text_align:center|color:%2313143e” use_theme_fonts=”yes” el_class=”title my-5″][vc_basic_grid post_type=”post” max_items=”4″ element_width=”3″ orderby=”rand” item=”918″ grid_id=”vc_gid:1586815620964-48728cb0-a023-4″ el_class=”related-posts mx-auto mt-3″][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_row_inner el_class=”container”][vc_column_inner][vc_column_text]You probably don\u2019t normally give your KiwiSaver much thought, but now that you might have seen it drop during this unstable time, you\u2019re freaking out a bit. Here are some tips to help you put it all in perspective. KiwiSaver is an investment Did you think KiwiSaver was a big savings account? You\u2019re not […]<\/p>\n","protected":false},"author":1,"featured_media":3409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kiwisaver"],"acf":[],"yoast_head":"\n