Should I go on a holiday premium for FWD Invest First?

Here are a few points to consider:

1. Evaluate your investment goals: Determine if investing in FWD Invest First aligns with your long-term financial objectives. Assess the potential returns, risks, and investment horizon.
2. Understand the product: Familiarize yourself with the features, terms, and conditions of FWD Invest First. Review the investment options available, such as asset allocation, fund choices, and any associated fees or charges.
3. Seek professional advice: Consider consulting with a financial advisor who can provide personalized guidance based on your specific situation. They can help assess if going on a holiday premium for FWD Invest First is suitable for you.
4. Evaluate affordability: Assess whether you can comfortably afford the premium payments without compromising your essential expenses or other financial obligations.
5. Compare alternatives: Explore other investment options or insurance products in the market to ensure you're making an informed decision. Compare features, benefits, and potential returns to find the best fit for your needs.

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Firstly, it is important to realise that in an investment-linked policy, premium holiday is usually used as a short-term solution to overcome any cash flow problems that you may have. For example, rather than to contribute $625 to the policy, you may use the same amount to pay off a more important and urgent expense.

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Although you don't need to contribute $625 to your investment-linked policy, the charges continue. In other words, the insurer will still deduct the charges from your policy. Therefore, you should not use premium holiday (a short-term solution) to solve your long-term problem.

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Instead, I would encourage you to schedule a meeting with your Financial Advisor - he or she should be in a better position to go through your financial objectives, and reasons why you chose this plan over other financial instruments. Alternatively, you may also sought after an independent advice from another Advisor.

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In like manner, making a partial withdrawal (in this case, $4k) is also a short-term solution that does not solve your long-term problem. Hence, it may not be the wisest move altogether (I don't know your exact situation, hence it is difficult for me to give you personalised advice. But from my best guess, neither solutions resolve your concern completely).

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Finally, as to Auto Wealth, that's another topic altogether. Generally, do not make long-term financial decisions based on short-term trend. What seems like doing well may not be the same tomorrow. As a result, the only way to determine whether Auto Wealth is suitable for you is to go through a comprehensive review and needs analysis. Such process has the benefit to safeguard your interest and to prevent you from making the wrong decision twice.