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!

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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

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Monday, 9 February 2015

Shocking Discovery On My ILP. This is timeless blog post since ILP will be around for a long time! (2)


Read? Shocking Discovery On My ILP. This is timeless blog post since ILP will be around for a long time!

Words are not always helpful! 

 How about a picture?

 You still don't understand?



Posted by Createwealth8888 at 19:00
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5 comments:

  1. Createwealth88889 February 2015 at 19:04:00 GMT+8

    Did they tell you that your investment return on the remaining ILP units after deduction can cover your XX years of premiums?

    ReplyDelete
    Replies
    1. Createwealth88889 February 2015 at 20:08:00 GMT+8

      Do you ask your barber your hair cut nice or not?

      or

      You ask the one who kena cut botak by his barber?

      Delete
  2. Singapore Man of Leisure10 February 2015 at 11:46:00 GMT+8

    temperament,

    It's semantics again but once we label them "appropriately", its easier to compare apples to apples:

    1) Wholelife and Endowment policies are protection plus savings.

    2) ILPs are protection and investment.

    3) CPF Life is more like annuity plans.


    If we do savings, we don't expect to get a capital loss.

    For investments, there is risk of capital loss.

    Hence if we put money in a fixed deposit (or voluntary CPF contributions) with 2.5% interests - there is NO risk of capital loss.

    But if invest in a sovereign or corporate bond that pays the same 2.5% yield, there is default risk and risk of capital loss if interest rates goes up (unless you hold till maturity).

    That's why those financially illiterate savers got a shock of their lives with Lehman mini-bonds - they thought they had a savings vehicle, but some snake-oil sold them investment vehicles instead...

    ReplyDelete
  3. Createwealth888810 February 2015 at 14:29:00 GMT+8

    We want to avoid selling our assets during market low; but ILP does the exact opposite by selling more assets (units of ILP) during market low. So beware!

    ReplyDelete
  4. Singapore Man of Leisure10 February 2015 at 14:33:00 GMT+8

    temperament,

    Yup. There's only 2 guarantees in life - death and taxes.

    Governments come and go; just like nations.

    Who can guarantee Singapore will be still around in the next 50 years?

    So focus on what we can control and maybe influence (elections?).

    The rest we leave it to the big guy upstairs or stardust in my case ;)

    ReplyDelete

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