PHOTO: KiwiSaver
How would you cope if your KiwiSaver account lost thousands of dollars?
KiwiSaver providers say, after years of strong returns, some investors are unprepared for the reality that, at some point, their balances will slip.
Exactly when is hard to predict. Commentators have been predicting a market downturn for several years.
HOW MUCH?
Working out how much you might see your balance drop in a downturn requires a bit of crystal ball-gazing.
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Ben Trollip, an actuary at MJW, ran the numbers on what could be expected in the worst 1 per cent of downturns, after fees and tax.
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