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."
LOL!
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.
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?