What's the right fund for first-home buyers
The type of fund your KiwiSaver money should be in depends on when you plan to use your money, and if you’re comfortable with investing.
Under five years
At JUNO, we say that if you think you’ll need your money in under five years, then a Conservative fund could be a good choice for you. Being in this lower-risk fund can help reduce the impact of market ups and downs, and help preserve your capital, with some growth.
More than five years
If you plan on using your money in about five years or more, then a riskier fund might suit you.
Being in a growth fund can mean higher returns on your KiwiSaver money, but it comes with higher risk. If you’re happy with risk when you’re
investing, or perhaps you don’t need your money for 10 years or more, this might be right for you.
But if you’re more of a nervous or conservative investor, or you want to use the money closer to five years, a balanced fund might be better.
After you buy
If you take out all your KiwiSaver money for your first home, you will be now saving for your retirement. It’s likely you’ll be invested for say, 30 or
more years, so a growth fund will probably suit you best.
JUNO has no fees on balances under $5,000, so if you’ve used all your money for your first home, JUNO could be a great choice to help grow
your balance back again.
Help me choose
* We have not considered anyone's personal circumstances, financial goals or objectives. Before acting upon this information,
we recommend you speak with a financial adviser.