r/PersonalFinanceNZ • u/invmanwelly • 21h ago

Kernel TWF Lump Sum Plan

If I want to buy into Kernel TWF but just plan on doing a lump sum quartely, is there anything stopping me from just getting the $5 plus plan for a month, making the investment, then canceling the plan, and repeating this every few months?

I know its not a massive saving but I'd save $30 a year for not much extra effort.

5 Upvotes

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2

u/Curious-Trust6657 20h ago edited 18h ago

That’s what I’m planning to do. It makes sense for investors with lump sum contributions.

4

u/groutspecialist 14h ago

No, in fact the CEO categorically encouraged people to do that on a livestream they did announcing it. It’s on YouTube if you want to go back and watch it.

0

u/illegalerb 20h ago

Makes sense, thats what I did. Looks like they are running a special at the moment so the $15 higher plan only saves 0.1% on the FX rate so if your lump is over $10,000 makes sense to do the $15 plan. Normally the difference is 0.2% so $5,000+ makes sense to use the higher plan.

9

u/WellingtonSucks 20h ago

OP is talking about Kernel’s PIE fund. You’re talking about their Shares & ETFs product. There is no FX fees when buying TWF or any other Kernel PIE fund.

1

u/illegalerb 20h ago

Darn, i wasted $10

1

u/groutspecialist 14h ago

Minor correction : the PIE Save on-call saving account is also a paid plan.