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

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.


  1. Look at the model.

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

  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.

    SG Web Reviews

  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

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


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