What did a 2010 column teach young workers?
An August 2010 Hong Kong Commercial Daily column said choosing MPF funds starts with knowing your risk tolerance — three factors: time horizon, investment attitude, and other retirement savings. Horizon is 65 minus your age; long horizons suit aggressive equity funds that ride out swings; short horizons demand caution.
Can young workers plan later?
No. The column’s protagonist, a twenty-something trainee, thought retirement was distant; “Ah Jik” warned that comfortable retirement needs planning now — compounding rewards the early starter. Compare funds at MPF fund comparison.
What else matters besides age?
Your attitude to risk (can you sleep at night?) and other retirement savings; all three together reveal your suitable risk level.
Related articles
View allChoosing an MPF fund? Start with yourself: three questions every member should ask
Choosing a Mandatory Provident Fund should start with you — not with...
Hong Kong and US stocks at record highs — should you lock in MPF profits? Two experts weigh in
Global equities have climbed sharply, with Hong Kong and US stocks setting...
MPF Voluntary Contributions Hit HK$16 Billion in 2016: 23% of All Contributions as Retirement-Saving Awareness Rises
MPF voluntary contributions rose to HK$16 billion in 2016, accounting for...