1. Not diversifying enough
2. Buying stocks without enough research
3. Not investing enough when there is a huge bargain
4. Bagholding to companies with weak fundamentals
5. Using too much derivatives (linked to point 1)

Buying stocks based on rumours/ what others say, without learning more about the company. Down more than 50%, still in my portfolio as a reminder to always read and research before investing

Thanks for the information

I have to agree with Lance, Mei Yun and Susan Soh, I regret getting the PruVantage Assure ILP. It seemed like a good way to get started with investing, even though it is passive, since I could not clear the CKA for investing in stocks directly via brokerage platforms.

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However, I read up about the downsides of ILPs (including here on Seedly: https://blog.seedly.sg/regret-buying-investment...), a post on NTUC Income Owl: https://www.moneyowl.com.sg/articles/young-mill... and on IFA: https://www.ifa.sg/pruselect-vantage-plan/that convinced me otherwise. It's a complicated product that has layers of fees hidden within it which will kick in during the later years of the investment period.

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I surrendered my policy early (just 6 months into it) and so I lost about $2000. It was a hard decision, but the money that has been invested is sunk already, so I didn't want to continue with the plan.

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I think that it's best not to get involved with such plans that lock you in for a long period of time and to get a seperate term-life insurance plan instead of mixing investment with insurance. My objective at the point was wealth accumulation but the money used to offset the insurance coverage is likely to leave you with less to grow your pool of wealth.

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All investment products carry risks and so you should invest only money that you are willing to lose. It could have been worse down the line, but it's unfortunate that the money is now transferred to someone else who is taking up the plan.

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