tag:blogger.com,1999:blog-6897513886211197509.post1842319017893243396..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: I've gone naked! No more Life insurances!Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-6897513886211197509.post-53159341419009655412017-08-27T09:33:59.996+08:002017-08-27T09:33:59.996+08:00sy sy,
You're welcomed :)sy sy,<br /><br />You're welcomed :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-58336535520025193422017-08-26T11:29:43.617+08:002017-08-26T11:29:43.617+08:00Hi hi
Thank you for ur advise.
I already make a l...Hi hi<br /><br />Thank you for ur advise.<br />I already make a lot mistake, now already old liao... can not make anymore mistake liao... thats why stress about all this insurance, eldershield... sigh<br />Already make appoitment with brother cw8888. Really appreciate that he willing to talk to a stranger like me. I just need a second opinion and open my eye & ear big big to learn also... hehehe<br /><br /><br />Many thanks<br />SySyhttps://www.blogger.com/profile/15022196252621641525noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-35183690512659190042017-08-25T14:30:23.546+08:002017-08-25T14:30:23.546+08:00sy sy,
Ah! You are climbing up the mountain; not ...sy sy,<br /><br />Ah! You are climbing up the mountain; not climbing down the mountain like CW and me ;)<br /><br />Normally, as we get older, our need for Life insurance grows less and less. <br /><br />Life insurance is bought for our DEPENDENTS. If we have no dependents (or they can take care of themselves), we don't need Life insurance. Period.<br /><br />I see you asking Eldershield at CW. Eldershiled, hospital plans, critical illnesss, etc - these are "inusrances" for OURSELVES.<br /><br />Its based on the prinpple of if we can take care of ourselves, our children can take care of themselves without us holding them back.<br /><br /><br />If you have no interest or new at investing, CPF is not so bad, especially if you can easily hit the FRS hurdle. <br /><br />But go slow if you haven't even hit the BRS now... We can only withdraw excess CPF money beyond BRS or FRS at 55. If not, you money will be stuck with big daddy forever and ever insdie CPF Life...<br /><br />Free ask CW out for kopi. I debate with him a lot. His track record good for mature new "investors" like you.<br /><br />If now you in your 20s or 30s, and you voluntarily add to CPF, I'll give you a poke and maybe a kick!<br /><br />CPF is great as a savings vehicle for the SAVE more tribe; lousy if we want to be competent in the EARN more camp.<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-17846573927070467252017-08-25T06:50:30.864+08:002017-08-25T06:50:30.864+08:00Hi smol
Thanks for reply me. :)
I also dont know ...Hi smol<br /><br />Thanks for reply me. :)<br />I also dont know is it good or no good. During young time thought forcing myself to save. As i dont know how to invest in stock market the only thing i invest is unit trust fund thru fundsupermart.<br />Recently get to understand more about cpf sa thinking to use the monthly insurance to top up my sa to get 4% is better than save in insurance. Maybe i am wrong... sigh... is ok lah. Already surrender liao...<br />My net worth not even 100k already so old liao how to retire? Have to trust cpf lor... "cross finger"... ;)<br />I still have a group term life insurance & critical illness. So havent really naked like u... hehehe<br /><br />Thanks <br />SySyhttps://www.blogger.com/profile/15022196252621641525noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-67590872368843561222017-08-24T23:49:43.622+08:002017-08-24T23:49:43.622+08:00sy sy,
See as it this way - you don't want to...sy sy,<br /><br />See as it this way - you don't want to "collect" on your 2 insurance policies, do you?<br /><br />It's good to have no more need for Life insurance - our dependents can either take care of themselves, or our networths have exceeeded the policy amounts.<br /><br />Either way its good!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-73110926599678322982017-08-24T06:55:34.395+08:002017-08-24T06:55:34.395+08:00I just surrendered 2 policy. My 12 year term life ...I just surrendered 2 policy. My 12 year term life & money back before break even. Very heart pain also see only get half of what i pay... sighSyhttps://www.blogger.com/profile/15022196252621641525noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-10111203274471329992015-12-19T11:32:42.740+08:002015-12-19T11:32:42.740+08:00Just drop names and masquerade yourself to be acol...Just drop names and masquerade yourself to be acolytes of the great and mighty.<br /><br />Wear sheep clothes and conceal your fangs and claws.<br /><br />When its wool these false prophets are after its not so bad; it's when they are after lamb chops that's when things start to get hairy...Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-27350050015321801772015-12-18T22:51:45.950+08:002015-12-18T22:51:45.950+08:00Deception in the name of God - we know who.
Dece...Deception in the name of God - we know who. <br /><br />Deception in the name of Graham and Buffett! haha... <br />Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-71310874123851706972015-12-18T22:13:36.848+08:002015-12-18T22:13:36.848+08:00agree. agree. SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-22950861108924153022015-12-18T22:11:18.947+08:002015-12-18T22:11:18.947+08:00the smarter company is now selling education in va...the smarter company is now selling education in value investing knowledge and then selling them shares in their education company and then selling the price increase in their listed shares as increases in value of individual share (don't mistaken market cap as increase in value of share, and they were selling value investing courses! the irony!) and then marking up the value of a company, buying it and selling it double the price away again to another company in exchange for shares of the 2nd company and repeating the same procedure with the 2nd company. <br /><br />lol oh the irony! the genius! and blindfolding of the customers!<br /><br />can you guess which company? probably some of your friends have bought in. lol and some of them will stand to benefit by exiting in time.<br /><br />SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90777747878174778452015-12-18T22:01:07.361+08:002015-12-18T22:01:07.361+08:00Rolf,
I hear you.
Selling dreams is a very lucra...Rolf,<br /><br />I hear you.<br /><br />Selling dreams is a very lucrative enterprise ;)<br /><br />We?<br /><br />We are the silly ones who rolled-up our sleeves and make our own dreams come true.<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-50017578435727750952015-12-18T19:21:53.133+08:002015-12-18T19:21:53.133+08:00I heard about a company who sell their brand as th...I heard about a company who sell their brand as the guru stock investing to attract the public. But actually they earn their fortune from property, which is kept super low profile! <br /><br />Seems like stock guru is the more sexy figure. Whether or not u truly earn money from it, is not the focus. As long as u pretend to be. That's what people want to hear. <br /><br />As long as u say things that people want to hear! Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-11245260146714121812015-12-18T13:09:01.637+08:002015-12-18T13:09:01.637+08:00SMK,
It has been a fun and intellectually stimula...SMK,<br /><br />It has been a fun and intellectually stimulating discussion!<br /><br />Cheers!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-25360824108088018682015-12-18T12:51:09.811+08:002015-12-18T12:51:09.811+08:00Agreed fully. :)
Just not agreeing on the origina...Agreed fully. :)<br /><br />Just not agreeing on the original second last paragraph of article. (I realised it should be 2nd last paragraph not last paragraph. My mistake.)SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-57695480453240690782015-12-18T09:42:12.463+08:002015-12-18T09:42:12.463+08:00SMK,
Just like using anecdotal evidence of a few ...SMK,<br /><br />Just like using anecdotal evidence of a few "successful" bloggers (be it investors or traders) to extrapolate that financial freedom can be achieved by everyone and anyone ;)<br /><br />The empirical evidence is the majority lose money "investing". <br /><br />On hindsight, these "investors" would be better off with whole life insurance, never mind the high commissions involved. <br /><br /><br />Millionaires are people, just as poor people are just as prone to buying things they don't need too ;)<br /><br />As ex-salesman, let's just say I'm biased. Anyone can be sold to just as long we find out which buttons to press. <br /><br />A plastic Casio watch can tell time just as good as a Rolex. <br /><br />Rolex is not in the time keeping business ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-69122227452997123462015-12-17T20:25:31.237+08:002015-12-17T20:25:31.237+08:00It works both ways. Lol
Firstly they tend to use ...It works both ways. Lol<br /><br />Firstly they tend to use anecdotal evidence incorrectly which you attempted here. And on top of that, there is no clear linkage between you example of newspaper awards publishing and the source of their sales being millionaires. Lol<br /><br />I would not cite berkshire hathaway as anecdoctal evidence of buying a fabric company to get rich. It does not qualify as being anecdotal. There is no obvious causal linkage.<br /><br />Secondly, I think we might be giving agents too much credit if all millionaires are eskimos being sold ice. The millionaires I know tend to be more discerning being self made millionaires. Maybe the rest of the millionaires I don't know are more trusting?SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-12734420736090837162015-12-17T09:44:27.104+08:002015-12-17T09:44:27.104+08:00LOL!
Glad you got my ironic humour ;)LOL!<br /><br />Glad you got my ironic humour ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-4232703171318625702015-12-16T21:57:35.257+08:002015-12-16T21:57:35.257+08:00https://www.google.com/search?q=fallacy+of+anecdot...https://www.google.com/search?q=fallacy+of+anecdotal+evidenceSMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-19747119752864247522015-12-16T18:43:34.197+08:002015-12-16T18:43:34.197+08:00SMK,
Anecdotal evidence - judging by the many mil...SMK,<br /><br />Anecdotal evidence - judging by the many million-dollar-round-table agents that were "congratulated" by their insurance companies through full-page advertisements ;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-33386790475930747452015-12-16T18:33:59.079+08:002015-12-16T18:33:59.079+08:00Haha was your last paragraph your own opinion? Or ...Haha was your last paragraph your own opinion? Or did you actually poll and talked to millionaires?SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-64576955221036879192015-12-07T22:36:36.194+08:002015-12-07T22:36:36.194+08:00coconut,
And your neighbours never call the polic...coconut,<br /><br />And your neighbours never call the police?<br /><br />You must either have a great body or living at a nudist compound ;)<br /><br /><br />I know. I was like that once but lucky I realized my failed logic... Now I embrace risk and money management.<br /><br />That's why trading and investing can be very revealing to who we really are - intellectually and emotionally speaking.<br /><br />In retail investing its far worse. Because of the this "long term investing" excuse, many are sitting on losses and hoping one day they can break-even.<br /><br />If only they can hear themselves speak. Where got people invest just to break-even?<br /><br />Like that might as well leave money in fixed deposits or CPF! <br /><br />Yet these are probably the same people who "advise" others to buy term and invest the rest...<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-73462760879714873382015-12-07T22:00:35.310+08:002015-12-07T22:00:35.310+08:00i never gives advise but i ask him, "if you t...i never gives advise but i ask him, "if you think its going lower, why not cut it off? is it difficult?"<br /><br />"no la, already sink so deep, pointless to cut!" was the reply.....coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-36972229193759693232015-12-07T21:55:00.624+08:002015-12-07T21:55:00.624+08:00as a trader you must know once you think is a losi...as a trader you must know once you think is a losing trade or even bad investment, or even a wrong decision, you must throw in the towel, fast!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-22766102574487645342015-12-07T21:50:21.361+08:002015-12-07T21:50:21.361+08:00i never tired of hearing "i surrender or cut ...i never tired of hearing "i surrender or cut when i broke even".<br /><br />i had a friend who own noble but refuse to cut becos he is losing money, even thought he thinks that the stock might go to zero! what a xxx!<br /><br />this is a death trap my friend!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-75865876908427529512015-12-07T21:42:26.614+08:002015-12-07T21:42:26.614+08:00that means i had been naked for many years already...that means i had been naked for many years already.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com