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.

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Sunday, 9 June 2013

Shocking Discovery On My ILP (Re-posting)



.... 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.

Read? Shocking Discovery On My ILP


Read? More articles on insurance


Study the long-term financial planning model below.

Think very carefully how should we plan for our long-term needs for income, risk management (insurance coverage), and growth solutions during our different stages of working life and after our retirement.

Good model. This is definitely worth your time and effort to study it very carefully!

For Risk Management and Growth solution, once we made some very serious mistakes and locked in negative return; it is very difficult to recover without pumping even in more money.




4 comments:

  1. Look at the model.

    Does Whole Life meet the Risk Mgmt solution over our life time?

    ReplyDelete
  2. Many years ago, after selling me 2 whole life policies and 1 endowment policy, my NTUC Income agent called me up and tried to persuaded me to buy one ILP from him.

    I told him to fly kite.

    Regards,
    SG Web Reviews
    www.sgwebreviews.blogspot.com

    ReplyDelete
  3. I don't find ILPs to be worse than whole life as I believe the reverse to be true in many circumstances. And the inverse of the previous statement is true.

    Greatsage made me chuckle a bit. Lol

    ReplyDelete
    Replies
    1. For ILPs, their seriousness of impact will largely depend on the size of future Bears. LOL!

      Delete

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