Good funds beat market. Good stocks beat good funds. Multibaggers beat Thor!
what i see in this thread is that people are suggesting index funds, blue chip, large cap as the best thing since sliced bread.
Why would you cancel insurance policy? Insurance and investments are two different things. Always remember that.Hi members
It's good to see this sort of discussions in a tech forum.
I had enrolled into a few endowment policies from LIC (one of my family member is an LIC agent) about 3 years ago when I started earning. Later as time passed and I realised about the other investment options, I regret a lot for getting those policies. I have been investing in mutual funds too from a couple of years now, but something that I haven't done is discontinue the LIC policies.
I wanted to get some opinion from members here, can I get these policies cancelled by visiting the LIC branch without the agent(my relative) knowing about this? Also, since its well over 3 years now, does it make sense to cancel this?
Your relative will probably get to find out if he wants to. Their incentives are based on it. I would still cancel everything lol and invest in mutual funds/stocks.Hi members
It's good to see this sort of discussions in a tech forum.
I had enrolled into a few endowment policies from LIC (one of my family member is an LIC agent) about 3 years ago when I started earning. Later as time passed and I realised about the other investment options, I regret a lot for getting those policies. I have been investing in mutual funds too from a couple of years now, but something that I haven't done is discontinue the LIC policies.
I wanted to get some opinion from members here, can I get these policies cancelled by visiting the LIC branch without the agent(my relative) knowing about this? Also, since its well over 3 years now, does it make sense to cancel this?
No idea about rates but check this :
general gyan -
I saw in some queries about LIC, for them
1. DO NOT MIX INSURANCE WITH INVESTMENT
2. DO NOT TAKE LIC INSURANCE POLICY FOR INS/INV PURPOSE, I SAY DO NOT TAKE LIC AT ALL !!!
For above requirement, purchase a term insurance policy AND a high rated "large" or "large and mid cap" mutual fund.
Equities are a long game, more than 3 years. Do not invest for lesser periods. Last year was an exception and you don't want a similar situation again
My 2 cents
No. What I mean is, cancelling endowment policy from LIC and opting for some Term insurance. I'm paying out a huge sum annually for the LIC policies.
I was reading a bit on the same, I also read that if I end up surrendering my endowment policies, the tax exemptions claimed on all previous years will be sort of taxable again. Is that right? I'm kind of confused on this part.
Oh yes that's an option.
That's what CC guy asked me to. I didnt question him as home branch is accessible, so fine with me.
Last offer checked 3 years ago was 2200 per square feet.
Sell it for whatever you get. You can recover if you invest .. sooner the better but it will be very hard to convince your uncle.
That is what you get for trying to predict the market. Market is irrational.
screwed up market man!
You traded contrary to your own belief or rather due to its absence. First you invested thinking it will go higher and then shorted expecting it to drop. I am heavily invested in Vodafone and you don't trade in such scrips without a clear understanding of the company's future and patience. Do understand there is a difference between trading and investing.
Haha.. I always think that I will get rid of $200 worth of Doge in my portfolio as soon as it's in green and when it does come in green I delay selling thinking that it will 100x any moment (jk) and then it's back to red in a few hours lol.