Posted on 25 May 2020
Recently what I did was to gain financial literacy by reading online articles and knowing more about investment. Because I'm not too confident in managing my own, I sign up for AIA PRO ACHIEVER as I thought at least someone in that profession would be able to help...
But I read Seedly/other online articles stating that ILP is actually not that great in returns and many people regret it... so now I'm feeling kind of scared and thinking if I should terminate my plan... Any advice?
Without knowing the full details of your current situation, I can say this: We all make mistakes.
Even I have.
If you felt what you did was a mistake, then at least take comfort in the fact that you are now aware of it, rather than 10 years down the road. The question you need to ask is: Can I now do something about it that will improve my situation?
I don't recommend investing via an insurance policy. Insuring or getting guaranteed policies from an insurer is all well and good, but when it comes to investments, there are loads of other options for you to consider.
I'd suggest that you speak to an independent financial advisor to see what your options are, bearing in mind that your situation is unique to you and you alone, so I can't just give a blanket advice here on what to do.
Remember: There's no need to feel scared. We all make mistakes.
You can do it all by yourself.
I believe that longterm passive ETF investing (buy & hold) can be the best way to be successful.
some important details here:
Insurance plan are not easy to understand even you read all kinds of financial books or article.
Read 5 other discussions with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts