MPF is something I have never given a shit about. $1500 gets deducted from my salary every month, my employer supposedly does the same, and as far as I am concerned it's a write off and gone into some black hole.
But now I'm getting a bit older, I've been in HK for over 10 years now so it's built up to an amount where I am just starting to take notice of. After 10 years I just figured out how to login to the AIA website (their system sucks) and wow I have $414k sitting in here now. Awesome, I better update all my excel spreadsheets of my net worth, assets, etc and maybe it's not a black hole after all and I can afford a few more beers on Friday night!
But here is the thing. Over approx 10 years my employer and I have contributed $337k into this fund (it used to be $1200 per month before increasing to $1500). But today's value is only $414k. With my limited mathematical skills this equates to around 2% compounded growth per year. This sucks doesn't it? I thought I selected an aggressive strategy 10 years ago. I've got 50% going into an Asian equity fund, 20% greater china equity, 10% HK equity, 20% fidelity growth.
AIA website allows me to reallocate this. What should I choose in order to boost this crappy 2% return so I can increase the number of beers I can afford on Friday night? Thanks