Quick Fire Finance Of The Day:
"When our elder son was born in 1988 we were living in the UK and started a £30 per month investment into a unit trust. It was a moderate-risk UK smaller companies fund. It has been a good but not top flight performer.
We maintained contributions until early 2015, so have invested under £10,000. The current value, despite Covid is £60,700.
I don’t have the Excel skills to work out the average annual rate of return, but it is certainly single figures. Income was reinvested.
UK unit trusts have lower charges than most NZ funds, but recent downward pressure by some KiwiSaver providers is improving things for the investor here."
Source NZ Herald 26 September 2020
Once again for those wanting their question answered on the podcast email me at ryan@oneplan.co.nz, send a voice message below or capitalise on our free online tools and advice:
Find Out How We Can Help You
Get A Free Book and Subscription To Ryan's Weekly Newsletter
Find Ryan On Social Media
Have Your Podcast and Audiobook Edited by NZ Audio Editors.
Come To Our Next Business Strategy, Innovation & Leadership Event
---
Send in a voice message: https://anchor.fm/ryanjmelton/message
