As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"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

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Friday, 23 October 2009

Outsourcing?

So, what is outsourcing? Outsourcing is contracting with another company or person to do a particular function. Typically, the function being outsourced is considered non-core to the business.

Do you also do some forms of outsourcing at personal level e.g. getting tutors for your kids, maid, baby-sitter, part-time domestic helper, etc. These functions may be considered as non-core to you and your family.

How about your investment? Do you consider it as non-core too?

You may say: "No". But, think again, maybe you did?

Have you been investing in Unit Trust, ILP or even ETF?

You probably has outsourced your investment function. But, if you think that your investment is a core function in your life journey, probably you should plan to take it back and put it more effort and time into it. All core functions definitely require serious effort and time to get them done.

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