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
Quote my own words: "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."
ReplyDeleteLOL!
I can't find anything wrong with my choice of ILP's Global Balance Fund. It is global and well diversified. So what went wrong?
The WRONG part of ILP is the Selling Part to pay for protection.
Over future market cycles of several Bears, and coupling them with paying for higher and higher costs as we age for the Protection part of ILP.
Not time-bomb then what?