Recently, I met up with a friend whom I have not been in touch with for a few years and, inevitably, we also talked about money matters.
Mania over Chinese art. Huh? I blur.
Friend:
So, how is your investment in Japanese apartments now?
Me:
Oh, you mean Saizen REIT?
Friend:
Ya, you asked me to invest in this that time because it pays good dividends.
Me:
Gone already.
Friend:
Gone?
Me:
Ya, they sold all their assets to an institutional investor.
Friend:
Sounds like you made money!
Me:
OK lah.
Friend:
So lucky. That time I should have listened to you. Shouldn't have listened to my brother's insurance agent and bought the investment from him.
Me:
That was many years ago. How is it?
Friend:
I got fed up with it and sold it at a big loss.
Me:
But you said that guy is very smart and can help you with your money, right?
Friend:
My brother say one, not me. Ya, very smart but not to help me with my money. Smart to help himself to my money. He left his job liao.
Me:
..................
Friend:
Now, you got any other money making lobang?
Me:
I have some investment in Japanese shopping malls.
Friend:
This time, I am going to invest.
Me:
But it is being sold to another institutional investor too. Not confirmed but it could happen in the next few months and the share price has shot up quite a bit by now.
Friend:
...................
The mood was gradually getting a little bit too heavy for my liking. So, I changed the topic.
My friend regrets investing in something and not investing in something else but is he really an investor? I wonder.
Related posts:
1. How many $29,000 do we have?
"Every year put in money. 20 years..."
2. Bought ILP from a friend.
'...if I cancel the plan now, I (lose) the money...'
3. Saizen REIT.
The investment was a good fit for my motivation.
4. Croesus Retail Trust.
Of course, being paid while waiting is not a bad deal.
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"Insurance agent helped himself to my money."
Monday, July 10, 2017
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2 comments:
Rule No.1 : Buy only plain vanilla insurance policies from insurance agents. Never buy investment-linked insurance products from insurance agents.
Rule No.2 : Remember Rule No. 1
Hi jojo,
Indeed so. :)
Term life insurance: Why buy term? How big a sum should I buy? How long a term should it be? How much does it cost?
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