Riding the financial market waves

Chris Kirkwood, Environmental Maintainer/Technician

I never had a superannuation savings account before joining what was then the Comalco (New Zealand) Staff Superannuation Fund over 29 years ago and I’ve seen the great advantages of joining since. I no longer have to worry about my retirement and relying solely on the government hand out – I’m able to maintain the lifestyle I want for myself and family.

The Fund suits all saving needs as it has great benefits such as being flexible, having diversified options and having Trustee directors who provide great assistance. When members were first offered investment choice in 2002, I chose the balanced option, however after doing some sums and speaking with a financial adviser, I changed to growth. I was comfortable with taking more risk as it was the better option for me to reach my long-term investment goals. I sourced some great advice after the global financial crisis in 2008 that essentially taught me that in times where markets are volatile, they have moments of highs and lows. Your gut can tell you to leave at the bottom of the wave, but what I’ve learnt is that by riding out the waves and giving it time to recover, you can do much better over the long term.

I have stayed in my chosen investment option for a long time, and have made back what I lost even when financial markets have experienced ups and downs. I kept this mind-set when COVID-19 hit this year – despite dealing with an initial loss, I kept track of my investments and luckily have seen the markets, and my retirement account, bounce back quickly.

Regardless of the market volatility in 2008 and earlier this year, I’ve kept on track with my retirement saving goals. When retired, I look forward to ticking things off my bucket-list – traveling where I can and spending more time working on the professional race car team I’m on! We race a 500-horse power mustang, and travel across New Zealand; it’s definitely a passion of mine and will no doubt keep me happily occupied!

To find out more about the investment options, please visit the website at www.realsuper.superfacts.co.nz or contact the Helpline on 0508 266 787.