Hi ,
You've probably noticed the daily news about tariffs and their effects on share markets, and you might be wondering how this impacts your KiwiSaver account.
Depending on your chosen fund, you may have seen a dip in your balance. While this can be unsettling, it's crucial to remember that market fluctuations are a natural part of investing. Historically, global share markets have shown resilience, bouncing back from similar situations and ultimately providing growth for investors.
What should you do?
Remember Covid? Many New Zealanders switched their KiwiSaver funds when the markets took a downturn. Unfortunately, they locked in their losses and when the markets rebounded, they missed out on the recovery.
This can serve as a valuable lesson for today. While it can be unsettling to see the markets fluctuate so rapidly, if your fund aligns with your goals, you can feel assured and stay the course.
If you're uncertain about whether you're in the right fund or if your goals have shifted, we encourage you to reach out to your KiwiSaver provider for guidance. To support you further, we've included ANZ's Investing 101 guide, which can be a helpful resource in enhancing your foundational knowledge.
Plus make sure you are financially resilient
Finally, in uncertain times like these, it's more important than ever where possible to take control of your overall financial situation and so its important to look at your own financial resilience.
Building financial resilience doesn’t happen overnight — but taking small, steady steps can make a big difference. Have a look at our six steps to financial resilience...
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