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/c/café daily chat thread for 27 June 2023
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this post was submitted on 26 Jun 2023
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Café
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Welcome to our virtual third place, The Café.
Come on in and make a new human connection over a cup of coffee (or Teh Tarik). This is a casual community, do whatever you want, share your oyen pics, your frustrations, and even organize a weekend picnic with the community. The world is your oyster.
Rules are simple, be kind and civil with each other. As with any other café, rude patrons will be kicked out.
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Investment-linked policies also have different types and they will ask what's your risk appetite and how soon do you want to see returns.
I'll say this much: with few exceptions, not a single fund can beat the market overall. Some years you'll do better, some years you'll do worse. Consider it as a way to park excess money, but if you're eligible for the Amanah Sahams, take those instead.
Eh, shouldn't I treat investments and insurance apart tho ? 😅
I'd say so, but ILPs will be a dominant part of a typical agent's sales pitch so if you don't prep you might get caught up by their catalogue. But at least you got that clear!
Thanks for the great insight by the way! The one thing that bothered me is the base plan was life insurance and TPD, which wasn't what I really wanted(I'm mainly looking for medical insurance). I guess I just need to think what I really and get a plan that I really need, then only add riders as years go on.