Lik

Why don't you just answer my question directly coward?  
rockypath 發表於 2011-11-28 11:04

And I must point out, your use of the word "coward" already constitute "personal attack / insult". Not that I care, but since you started this, at least I am entitled to start throwing insults back at you. But hey, I'm just gonna ask the admin to deal with it.

Insulting people intelligently is a art and a skill that you have clearly not mastered. Too bad you are obviously unable to learn it. Ever.

rockypath

Why should I tell you about my personal finance info?

Did I ask for your personal finance info? LOL...   I only ask for the percentage of the management fee mutual funds charge in general in Canada and the information is public.  Again, you still do not have the gut to answer my question directly. if it is not a behavior of a coward, what is it?

1) why is it mandatory?


Why is CPP mandatory? Compare to 香港強積金, how much control do you have over your CPP? HK people have much more control over their retirement fund than your CPP. Is it not true?


2) why are the guaranteed profits funnelled to the rich banks and fund managers, who are already extremely wealthy? What does that do to the wealth disparity?

Are you telling us CPP does not cost anything to run? Who is paying for the management cost of CPP? If management fee is a guaranteed profit to rich HK bankers, isn't CPP also fueling the bankers as well? Management fee for a fund is a reason for wealth disparity in HK? Do you really believe we are idiots?

P.S.  I can tell you that the management fee for one of my mutual funds is about 2.35% and it is already considered low. There are funds in my profolio charge a fee higher than that.

Lik

And I quote:

Ask you one more time - what is the percentage the mutual fund will charge you in Canada.
rockypath 發表於 2011-11-28 11:04

For anyone that knows proper English, which part of "you" in the above sentence doesn't refer to me, Ah Lik? So how is it that you were not asking me for my personal info?

And someone said they were educated in some US engineering school wor~ Makes me wonder if his degree was obtained from one of those wild chicken buy-a-degree university~

HK folks may have "control" in selecting which financial institution manages their funds, and the investment profile of their funds. But it doesn't change the fact that the profits are channelled to private banks / financial institutions and fund managers that are already much closer to the top 1%.  Being private institutions, they are only responsible to their investors, but not the public. CPP, on the other hand, is managed by a crown corp (CPP investment board). Being a crown corp, it is accountable to the public.

Clearly, your post has shown that you have zero understanding of how CPP works. Stop embarrassing yourself la.

If you think your 2.35% management fee is low, gum all I can say is -- congratulations la~ It's funny how some people still think they are getting a deal when they are clearly getting ripped off.

-Lik

rockypath

Clearly, your post has shown that you have zero understanding of how CPP works. Stop embarrassing yourself la.
Lik 發表於 2011-11-28 12:24

Why do you continue to keep your head in the sand and be a coward?

Why don't you tell us how the CPP is managed and run? Just tell us and don't BS anything else.

We have been waiting. I don't mind to be embarrassed by you, but you always chose to be a coward instead of standing up like a man.

Lik

Why do you continue to keep your head in the sand and be a coward?

Why don't you tell us how the ...
rockypath 發表於 2011-11-28 12:36

Did you even read my post? Or is your English so severely crippled that you can't understand what has been written?

CPP, on the other hand, is managed by a crown corp (CPP Investment Board). Being a crown corp, it is accountable to the public.

You have clearly shown that you known nothing about CPP, other than that it is mandatory. Please stop spreading any additional false information regarding CPP.

I am not going to waste any more of my time on your worthless questions.

-Lik

Look4chrisng

回復 32# rockypath


    Rockypath:  Just Straight facts

1.  Canadians also paying highest management fees for mutual funds.
2.  You can buy index funds in TD bank for 0.33%, but TD don't want you to know, so you can't buy them at any branch.
3.  HK Mutual funds are often front-end AND back-end loaded.  ie. you pay 3% for your contributions and and 3% to cash out.  Most canadian banks MF are no load.  That makes HK Mutual funds very expensive
4. You cannot compare CPP and 強積金.  They are 2 different things.  Also

Private pension system is not without problems.  Chilean has tried privatization in the early 80s, but didn't work.  World Bank has commented on private pension system.

"1980 pension system a strong redistributive component at the expenses of low paid or occasionally unemployed workers. A big part of the Chilean population is not able to finance meaningful pensions, because many workers are not able to regularly contribute a higher amount of money."

mcjohnjohn

第二係，我真係唔知你石仔點解咁廢，呢度啲基金嘅管理費又邊度有香港垃圾強迫金收果啲咁高？
Lik 發表於 2011-11-29 02:46

你果邊d 啲基金嘅管理費好平架乍? 比d 數字來參考下丫? 我真係好想比較一下.

mcjohnjohn

回復  rockypath


    Rockypath:  Just Straight facts

1.  Canadians also paying highest management ...
Look4chrisng 發表於 2011-11-29 04:55

有料到, 又學到野! 言下之意, 各式各樣既退休保障計劃都有其利弊, 唔係咁容易可以簡單地直接比較, right?

Look4chrisng

回復 38# mcjohnjohn


    yes.

AdminAssist2

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