Unveil the realities of KiwiSaver and Bitcoin investments in New Zealand. While no KiwiSaver scheme goes all-in on Bitcoin, explore how NZ Funds and Pathfinder are navigating the cryptocurrency landscape.
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“Are there any kiwisaver schemes I can 100% degen into on bitcoin”
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Hello! I’m sorry, but no KiwiSaver scheme invest 100% of your funds into Bitcoin. However some KiwiSaver providers invest in Bitcoin, but the percentage of investment in Bitcoin is usually limited.
NZ Funds and Pathfinder are two KiwiSaver providers that invest in cryptocurrencies. NZ Funds has invested around 5% of its Growth Fund money in Bitcoin. However, please note that investing in cryptocurrencies carries significant risks and is not suitable for everyone. The value of cryptocurrencies can fluctuate rapidly and unpredictably, which means that investing all your funds in Bitcoin could result in significant losses. Therefore, it is essential to consider your investment goals and risk tolerance before making any investment decisions.
KiwiSaver is a government-regulated retirement savings scheme in New Zealand that has strict rules and regulations regarding the types of investments that can be made. According to the KiwiSaver Act 2006, KiwiSaver funds are required to be invested in a diversified portfolio of assets. This means that your funds will be invested in a range of assets, such as cash, bonds, shares, and property, rather than just solely Bitcoin.
Hope this helps.
Regards, Clive Fernandes (Financial Adviser)
Director – National Capital
Disclosure: I am the director of National Capital, a KiwiSaver advice firm. The views expressed in this article are the views of the author. The information provided is of a general nature and is not intended to be personalised financial advice. You may seek appropriate financial advice from a Financial Adviser to suit your individual circumstances or contact National Capital.
