Article written by Tom Ayling, InvestNow’s Head of Customer Services/Investor Services – 18 December 2024

As we come to the end of 2024, with some well-deserved rest and relaxation on the horizon, it’s a great time to review your financial goals for 2025 and beyond – essentially conducting an annual Health Check of your investments.

Here are the three things we suggest you do over the next couple of weeks.

1. Review your InvestNow portfolio(s)

The best way to review your InvestNow portfolio(s) is by spending some time looking through your Investor Report. These reports provide a comprehensive view of your portfolio(s) over the past 12 months, covering the value and performance of your investments, and all transactions during the period.

Follow these simple steps to produce an Investor Report for:

• Your Managed Funds portfolio(s)
• Your KiwiSaver portfolio

2. Catch up on our investing workshops

Throughout the year, we have run a series of investing workshops, based upon the InvestNow Investing Principles, where we have shared our expertise to produce insights and guides that you can easily apply.

Each workshop is only 20 minutes long and is jam-packed with information that we think you will find really useful, irrespective of where you are on your investing journey.

Below is a summary of the three workshops, and you can find the full recordings here.

Investing 101:

Covering the basic principles of investing, it includes easy-to-follow steps to help reach your financial goals. The principles covered are:

• Invest Now: The benefits of beginning your investment journey today.
• Have a plan: There is more than one way to reach your financial goals.
• Stay Informed: Learn how to keep up with financial markets without getting overwhelmed by the noise.
• Investing is Not a Game: Recognise the seriousness of investing and the importance of a strategic approach.

Portfolio Construction:

This workshop covers how you go about building your investment portfolio and what you should consider. The principles covered are:

• Understand the risks: Learn how different assets behave, the importance of allocation and diversification.
• Asset allocation is crucial: Understand how the right asset mix can significantly impact your long-term investment returns based on your goals.
• Diversification is essential: Learn why spreading investments across various asset classes can enhance performance and help reduce the risk of major losses.
• Individual risk tolerance matters: Find out how to evaluate your comfort with investment volatility and its implications for potential returns.
• Investment styles can be complementary: Get insights into passive, active, and responsible investing strategies, and how to choose what suits your preferences best.

Portfolio Optimisation:

Providing key insights and actionable information, this workshop covers the different types of fees associated with investing and the different tax methodologies applied to different investment options.

3. Confirm your risk profile and your potential Kiwisaver portfolio retirement balance

We have two tools available, each taking approx. 5-10 minutes to complete.

1. Investor Risk Profile Tool

This tool will help you to determine what type of investor you are, which is largely aligned to your tolerance for risk. All you need to do is answer five simple questions and it will highlight the type of investment options that align to your risk tolerance.

DETERMINE YOUR INVESTOR RISK PROFILE HERE

2. KiwiSaver Retirement Balance Calculator

This tool will ask you questions about your current investment approach and will help you calculate what your KiwiSaver portfolio balance is projected to be by the time you hit the retirement age of 65. Key things to have available are your current KiwiSaver balance and current KiwiSaver contribution rate – you don’t need to be an InvestNow KiwiSaver Scheme member to use this tool!

Adjusting some of the inputs into the tool will show you their potential impact on your long-term retirement savings goals.

CALCULATE YOUR RETIREMENT BALANCE NOW

Other useful resources

Here is some additional information and resources you may find useful for completing your Investing Health Check

1. Our range of Managed Funds
2. Managed Funds performance data
3. The range of investment options for the InvestNow KiwiSaver Scheme
4. InvestNow KiwiSaver Scheme funds’ performance data
5. InvestNow Term Deposits
6. Our Tax Guide
7. InvestNow FAQs
8. Our library of Articles

Disclaimer:

This information is provided by InvestNow Saving and Investment Service Limited (“InvestNow”). The information and any opinions in this publication are based on sources that InvestNow believes are reliable and accurate. InvestNow, its directors, officers and employees make no representations or warranties of any kind as to the accuracy or completeness of the information contained in this publication and disclaim liability for any loss, damage, cost or expense that may arise from any reliance on the information or any opinions, conclusions or recommendations contained in it, whether that loss or damage is caused by any fault or negligence on the part of InvestNow, or otherwise, except for any statutory liability which cannot be excluded. All opinions and market commentary reflect InvestNow’s judgment on the date of this publication and are subject to change without notice. This disclaimer extends to any entity that may distribute this publication. The information in this publication is not intended to be financial advice for the purposes of the Financial Markets Conduct Act 2013, as amended by the Financial Services Legislation Amendment Act 2019. In particular, in preparing this document, InvestNow did not take into account the investment objectives, financial situation and particular needs of any particular person. Professional investment advice from an appropriately qualified adviser is recommended before making any investment.