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Why making no decision may be your best decision At the turn of the 21st century, two US academics, Sheena Ivengar and Mark Lepper, published a groundbreaking study about decision making, using of all things, jam! On one day, shoppers saw a table with 24 varieties of jams. On another day, only 6 varieties were […]

2019 Investment performance builds real wealth. Or does it? 2019 was one of the best years on record for MPF members with the average investment return achieved by MPF Schemes being 12% p.a., over 4 times the annual rate of inflation.  12% is a significant result with real wealth created in 2019. With total MPF

Why won’t my MPF broker give investment advice and what can I do about it? It’s technical and it’s complicated, but it’s important to understand and understanding will help you make better investment decisions for your retirement. So let’s attempt to deconstruct the technicalities. In very simple terms, your broker, subject to fulfilling relevant requirements,

2020 has not been a year for faint hearted investors.  After a strong start, markets have been hit hard by the ongoing coronavirus pandemic. Those who believed things would get worse and tried to “market time” by switching from equities during the height of the uncertainty, have locked in losses which may take years to

According to the Mandatory Provident Fund Schemes Authority (MPFA), the MPF System in Hong Kong was launched as a mandatory, privately managed, fully funded contribution scheme in December 2000. What you may not be aware is that while mandatory MPF contributions are made by both the employees and the employers, the obligation to choose an

What a rollercoaster 2020 has been thus far. For all the global uncertainties weighing on financial markets, the biggest surprise of all is that all MPF asset classes are now in positive territory (See Chart 1). Simply put, if one didn’t panic during the pandemic period and just held one’s original investments then no money