Look4chrisng

His agreements were bankrupt for a long time.  Today we are facing:
1) the majority of people are getting poorer and
2) the poverty pool is getting larger.  

Social mobility is only used to dope people these days.

Look4chrisng

And who is it to blame?

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."

Look4chrisng

回復 38# mcjohnjohn


    yes.