I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

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, 5 December 2009

Tips On Child Life Insurance - Part 3

Read? Tips On Child Life Insurance - Part 2

Why the premium is low for child insurance because the probability of claim against insurance is also low?

We should be buying thing that we need now and not because it is cheap now. If we really need it later, then don’t be too overly concerned that it will cost more later.

I also believe toilet paper rolls will definitely cost more in 20 years time, why don’t we buy 20 years worth of toilet papers rolls and store them while they are cheaper now? Of course, you can argue, it has space constraint. Similarly, I can also argue that those dollars saved now can also be invested for compounding growth.

Learn to think hard of insurance as hedging tools and spend your limited resources wisely and don't ever get played by your FA on your emotions and love. Make full use of the seven-day cooling period to decide to back off if you realize that the risks are over-stated and benefits are under-compensated.

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