GREG, 43 YEARS OLD
Greg's KiwiSaver investments are made up of a variety of companies and ETF's to ensure a diversified portfolio.
Greg^ is 43, and earns $160,000 as an Engineer. He has been part of KiwiSaver for just over 10 years, and his investment balance has now reached approximately $130,000.
Greg created his initial portfolio with a variety of New Zealand companies, alongside Australian companies that he had been following as result of working in Australia for a number of years. While not a sophisticated investor by any means, Greg knew enough about investing to see the benefit of diversifying his portfolio beyond the NZ and Australian market. He elected to invest in a number of US and UK Exchange Traded Funds (ETF’s). These provide a convenient way to gain exposure to a number of companies in other industries and markets such as Asia, UK or US.
As Greg accumulates cash in his portfolio, he will speak with his adviser to get an informed view on various investment opportunities. Having objective advice at hand is extremely helpful, particularly with shares or investments offshore where his knowledge of companies is limited.