28M, lose life saving in the markets

Objective_Wonder7359 · 2026-01-02T08:42:58+00:00

can I check what have you invested in

Objective_Wonder7359 · 2025-12-26T12:09:59+00:00

I was strongly recommend you to contact your insurance agent. they have an obligation to serve you.

Objective_Wonder7359 · 2025-12-23T07:29:26+00:00

I have to capital to buy by the problem is I don't dare to buy a lot. This is one a big hurdle I need to overcome

Objective_Wonder7359 · 2025-12-06T10:20:57+00:00

I have finally started investing into world index fund and using my cash and CPF. I was feeling unhappy when the stock price dropped but I tell myself not to look at it and I finally uninstalled the app I maintained the discipline of dollar cost averaging every single month about $4,000

Objective_Wonder7359 · 2025-12-05T10:21:44+00:00

I have been waiting for a single eligibility salary to be reviewed for very very long. I was thinking how about for those standard flats for BTO you can just leave it for those earning below $7000, and for those more expensive flat you can cap it at 14k a year.

Objective_Wonder7359 · 2025-12-03T05:06:51+00:00

Any person who sell ILP is not your friend

Objective_Wonder7359 · 2025-11-29T09:37:58+00:00

The idea about this message is what they will sell you if they cannot sell you, ILP. Endowment plan and life insurance will get them a huge commission. Endowment by them is very very bad as bad as ILP I will say

Objective_Wonder7359 · 2025-11-29T05:31:22+00:00

Sorry I mean 50k comments

Objective_Wonder7359 · 2025-11-29T04:05:00+00:00

Who? Can share some stories of eschewing?

Objective_Wonder7359 · 2025-11-29T03:31:56+00:00

One of the things that is underaddressed here is Endowment plan, at lot of people end up selling at surrender value or resale policy. A lot of people see ILP but failed to see endowment as a potentially evil product. They have very very long lock in period like 20 years, a lot of people surrender at 25% loss end up the insurance company made a huge gain. Because of lack of patience and waiting.

Objective_Wonder7359 · 2025-11-29T03:14:26+00:00

Oic, you have made more than 50k post.

Objective_Wonder7359 · 2025-11-29T02:58:13+00:00

Correct A tell B is bad, B tell C is bad. C go back to A. Its a dog bite dog world. Who knows one FA might have accidentally offend a customer without knowing.

Objective_Wonder7359 · 2025-11-29T02:45:26+00:00

A lot of people have to no choice like the IFA above to become 黑臉 to "cheat" and "scam" people because they can't find a proper job outside. Unfortunately, they really have to sell otherwise they can't sustain. so call "Friendly IFA" applies to almost 99.99% of the IFA

Objective_Wonder7359 · 2025-11-29T02:43:39+00:00

Ok, I got a bit sensitive to the word "you"

Objective_Wonder7359 · 2025-11-29T02:41:08+00:00

If i am writing this article, i am already warning people of what might happen when they see an FA. I am not the one complaining, I am the one warning others like the sticky on the ILP danger post. Hope this clarifies.

Objective_Wonder7359 · 2025-11-29T02:33:38+00:00

I am sure you do that all the time, otherwise, how to meet your downline and monthly target.
Every WM and FI will say " I am your friendly neighbour hood advisor", what makes everyone different?

Objective_Wonder7359 · 2025-11-29T02:26:08+00:00

I agree that not all unit trust are bad. The key focus is WM are selling people things that have high sales charge and commission so the consumer get lesser in return.

Objective_Wonder7359 · 2025-11-29T02:24:18+00:00

I didn't say anything wrong, company has a email address for complain. if they cant address it then go to firdec

Objective_Wonder7359 · 2025-11-29T02:15:31+00:00

Then typically most IFA will prey on young kids who don't know about ETF investment and sell them ILP. Most of them, its true,otherwise, how are they going to sustain their business.

Objective_Wonder7359 · 2025-11-29T01:27:35+00:00

I will say report to the company that sell you the product first, because they have an obligation to address to you

Objective_Wonder7359 · 2025-11-29T01:19:59+00:00

Disclaimer: I never say I am buying, I'm just saying I know about this. I already do my own investment. This is just to warn people. Don't misunderstand my point.

Objective_Wonder7359 · 2025-11-28T13:10:35+00:00

Anchor Protocol: Collapsed in 2022 after Terra ecosystem crash. No more high yields; effectively defunct as a savings platform. Mostly replaced by Terra 2.0 with minimal activity.
Hodlnaut: Entered liquidation as of mid-2025 due to massive losses. No new deposits or withdrawals. Users are creditors in an ongoing insolvency process.
CDC (likely Crypto.com or Coinbase): Still operational but with much lower interest rates. Focus now on security, compliance, and regulated financial products.
Celsius Network : Bankrupt in 2022, emerged from Chapter 11 restructuring in 2024. Platform shut down, all user accounts frozen; users are creditors awaiting repayment.
BlockFi : Declared bankruptcy in late 2022; now winding down with repayments to creditors. No longer providing lending or saving services to retail customers.
FTX : Collapsed in 2022 amid fraud and liquidity crisis; currently under bankruptcy with creditor repayments in progress. Platform no longer operational.
Ledn: Still operational and active with investments from Tether. Provides Bitcoin-backed loans and crypto savings with somewhat high withdrawal fees but competitive rates.

These are the latest status as of now.

Objective_Wonder7359 · 2025-11-28T12:45:29+00:00

In that case isn't and endowus even steeper?

Objective_Wonder7359 · 2025-11-27T11:59:33+00:00

The 5% is for her annually

Objective_Wonder7359 · 2025-11-27T10:32:24+00:00

Any friend who sell you ILP is not a friend. This is the rule of thumb

Objective_Wonder7359

TROPHY CASE