As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 27 September 2014

Shocking Discovery On My ILP. This is timeless blog post since ILP will be around for a long time!



Do you need to learn from your shock?


Read? Shocking Discovery On My ILP (Re-posting)



1 comment:

  1. Quote my own words: "I finally woke up and realised how the protection part was rapidly eating into the remaining units of the Investment part and can seriously deplete the investment value over multiple bear markets. So I bite the bullet and terminated the ILP at loss."

    LOL!



    I can't find anything wrong with my choice of ILP's Global Balance Fund. It is global and well diversified. So what went wrong?

    The WRONG part of ILP is the Selling Part to pay for protection.

    Over future market cycles of several Bears, and coupling them with paying for higher and higher costs as we age for the Protection part of ILP.

    Not time-bomb then what?




    ReplyDelete

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