Staying steady when the market wobbles

Market movements like those we are seeing at the moment can be unsettling, but they are not unusual.  

Long-term tracking of markets shows that, over time, they bounce back.  

It can be difficult to see your balance lower at times like this, but it’s important not to panic and make rash decisions.

It’s important to stay the course so you benefit when markets recover.

If you have a long time to go before you need to access your KiwiSaver savings, you have time on your side. The current ups and downs shouldn’t be of concern.

If you are planning on accessing your KiwiSaver in the next couple of years, say for a first home or when you retire, you are likely to already be in a more conservative fund which tends not to be as heavily impacted.  

As uncomfortable as it might be watching the markets go down currently, the best thing you can do is hang tight and wait for the upside. 

Our investment team continually assesses global and local markets and manages our funds with the aim of building strong results in the longer term.

If you’re feeling unsure or thinking about making a change, we recommend you get professional advice. If you don’t have a financial adviser, we can help - we have a team of in-house KiwiSaver experts who can help you at no extra cost. Call us on 0800 336 338 or send a message.  

If you would prefer independent advice, we have a network of over 400 advisers across New Zealand, so can connect you with an adviser that’s right for you.

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Booster Investment Management Limited is the issuer of the Booster KiwiSaver Scheme (Scheme). The Scheme’s Product Disclosure Statements are available at www.booster.co.nz or by contacting your financial adviser.