Three Truths Behind MPF’s Dismal Decade

Why were MPF’s ten-year returns so poor?

Commentator Raymond Lai reviews MPF: born in 2000 at the worst time, its poor decade has three causes — the 2000 dot-com crash and 2008 crisis; managers and members following the market into wrong decisions at wrong times; and most members ignoring their portfolios. Beyond disappointment, learn the positioning lessons.

How do you avoid repeating it next decade?

Cycles are unavoidable; high fees and bad allocation aren’t. Regularly compare funds’ fees and long-term returns, stop buying high and selling low, and let time work for you.