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Who is going to win a snooker battle when WLBS World Women’s Snooker Champion Ng On-yee, also known as Hong Kong’s snooker queen, takes on famous video bloggers Szeto Si Fu and Miss Hunny?

To help the public understand the power of the compounding effect on saving and investment, the Mandatory Provident Fund Schemes Authority (MPFA) has launched an online video titled “Snooker War”, starring Ng, Szeto and Miss Hunny, on the MPFA Facebook fan page Rolling my money.

In the four-minute video, Ng uses her formidable snooker skills to beat Szeto and Miss Hunny, while in return, Szeto and Miss Hunny teach Ng how to get more “likes”. They also explain the power of the compounding effect, using macarons, a delicious French dessert, and its application in Mandatory Provident Fund (MPF) investment. For more details, please log into the MPFA Facebook fan page Rolling my money.

The MPF is a long-term investment, which often lasts for 40 years. The monthly contributions may not seem like a lot, but with years of accumulation and the compounding effect, it can provide scheme members with considerable savings for their retirement. When MPF members invest their contributions in an asset, the principal generates interest, which is then reinvested together with the principal to generate even more interest. The earlier scheme members start their investment, the greater the compounding effect will be. Therefore, the MPFA strongly encourages scheme members to proactively manage their MPF and plan for their retirement as early as possible.



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15 May 2017