Alot of my friends and people that i met do investment and trading. we talk about the market, the current market situation, technical analysis, strategy, cut lost for capital protection, stock that cheong and stock that dive etc. And i found out that many of them do not have plans for themselves. Plans that protect human being. I am sooo surprise.
We have cut lost price to protect our capital in trading, we have strategy to trade, moreover we always have plans and know what to do for our life goals. We study so hard and try to guess the possible question that will be out in the exam so we can get A, we work so hard to buy house, marry, buy car, want to have a good life, want to retire early and want to retire well, we trade and spend so much time to make more money.
But how about protection for ourselves??
Why do we work so hard for? Why do we go into investment? Why do we have cut lost price?Why do we need a strategy to trade and invest? There are many reasons to that some of it are because we want to lead a good life, retire well, for our loves ones.
Then what happen if you are so sick or some accident happen to you that u cant do all this things. Well liquidate everything?? forgo the dreams?? drag your loves ones to suffer with you??Let the young ones in your family not able to live the dreams like you? Dream of trading and making money stops? liquid all counter to cure your illness?Are you being self responsible...saying you love your loves ones and want to protect them, but when u got critical illness, the loves ones are the one that pay for you bills.
Protect what yours!!!! Warren buffet 2 rules: rule 1: never lose money rule 2 always remember rule 1. An insurance is the solution for that.Insurance transfer the risk to the insurer. That why having yourself protected enough and have the right protection plan is soooo important.This will protect you and your loves ones to suffer from the heavy bills of medical cost. Without insurance , it is like having a tall big nice tree without deep roots or having a soccer team without a goalkeeper. you may look nice and sweet and strong but actually so fragile.
Unless you tell me right now you have 10 million bucks and you reserve 2 million for your critical illness treatment plus ongoing treatment and permanent disability, you dont need insurance. Having said that if i tell u that having insurance is transferring risk and putting a small amount of cash to insured 2 million buck, would you think that it is a good deal. Is like you can use 10 to 20% of your monthly income for insurance to protect the rest of your monthly savings, investment and necessity expenses. Dont you think is a good catch!!!!
i really condemn any investor or trader that say dont need to buy insurance and financial planner or advisor to say dont buy stocks. you need all of them, like how we eat. we eat veg(all kind of veg tomato, kang kong, spinach blah blah), meat etc so that we have enough nutrients. too much of one is not that good too.
How about you? Do you have plans that protect you so that all the things you build up wont turn into ashes the moment something bad strike you?
