MPF management fees

[foxwendal]

100%. If you have an MPF, the CAF (DIS) which is 60% equity, 40% bonds is the best default investment if you just want to leave it alone due to the lowest management fees.

I may take a punt later on though if the market keeps growing and switch to bonds if my magic eightball sees the covid19 vaccine turning people into flesh-eating rage monsters.

Worst case is I don't make anything.

Think worst case is you don't make anything and you're then psychologically anchored to not get back into the market until your selling price is breached. I have a retired friend who sold his equities in 2012 at the all time high at the time, certain it was too high and a crash was imminent. In actuality, it never went lower than that point again and to this day hasn't bought back in missing out on massive gains these 8 years.

[periphery831]

Think worst case is you don't make anything and you're then psychologically anchored to not get back into the market until your selling price is breached. I have a retired friend who sold his equities in 2012 at the all time high at the time, certain it was too high and a crash was imminent. In actuality, it never went lower than that point again and to this day hasn't bought back in missing out on massive gains these 8 years.

Can't see myself personally being anchored, if anything it would give me more impetus to make more money and switch to a more aggressive fund. Always pros and cons.

[periphery831]

Regarding fund switching with Manulife.

.	The above transaction can generally be viewed via "Confirmation of Fund Choice Management" under "Inquiry" section of the menu in 3 dealing days^ after it is submitted and processed. Your e-instruction* received after 4 pm on a dealing day^ will normally be processed on the next dealing day^.