Someone asked "My mother is thinking of buying a 5 years insurance plan with a single premium of $10,000. She is still in good health and the reason she's buying is to get safe returns that are higher than the bank interest."
It is quite common that people are not clear on the differences in saving, investment, and insurance.
It is good to understand Saving, Life Insurance and Investing - Revist
母親年賺390萬仍拒供女兒讀大學 列7大苦心理由:這筆投資值得嗎? – 香港經濟日報 – 理財 – 個人增值
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美國女子Andrea
Mac是企業及個人財務增長策略顧問公司Prequal的東主,去年收入超過50萬美元(逾390萬港元),但她拒絕支援女兒的大學學費。Mac認為大學學費不斷上漲,質疑投入如此大量資金
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23 minutes ago
Most people are not savvy financially....
ReplyDeletetoo lazy or unable to get educated??