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!

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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

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Saturday, 6 March 2010

The Best Gift To Your Child



Your insurance agent told you that the best gift to give to your children to buy a Child Policy while it is cheap and let them takeover the premiums payment when they start working.

 No, No, No!

 The best gift to give to your children is not Child policy but to start planning for your own retirement fund as soon as possible and accumulate enough retirement fund to see yourself through the last day of Hotel Earth.



 Read? Parents can be an Asset or Liability to the children?


 Read? Tips On Child Life Insurance - Part 4

Posted by Createwealth8888 at 15:40
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1 comment:

  1. la papillion6 March 2010 at 22:24:00 GMT+8

    Actually, I mentioned that there are limited premium whole life plans, which is rather cheap because of the age. After paying for a chosen 15 or 20 yrs, the payment will stop and the child is insured for life. The child do not even have to service it anymore.

    Buying a child insurance protects yourself because if the child kena any of the covered illness, you do not have to cut your retirements funds to pay for medical fees. I know there's h&s, but that is only for used if hospitalised.

    I do agree that it's impt not to become a liability for your child. Therefore, I would work extra hard to cater for 3 generations of pple - parents, myself and child.

    It's not easy at all, I must say.

    ReplyDelete

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