Financial life after Cancer

Hi my friends,  I just realised that I had been everywhere in the blog. I am not a professional blogger or I am selling anything so I do not think about what I want to post till I am right in front of the computer. Perhaps I should do better planning in the days ahead.  Talking about planning. I think I should set targets but let me sit on it first. My Syfe Pimco Fund was transferred from other Syfe accounts and was fully invested. It seemed to take a week from the transfer of the fund to the purchase of the units in Syfe. To gain monthly dividends payout from the Pimco fund, I would need to invest at least $5,000 into it. Plus the $570 fund invested this week, I had invested about $4,200 into the fund. Yet to see or hear anything about the dividend yet. I will be pushing another $1,000 into the account so that I could get to see the cash dividends. On another hand, for both my income funds which I invested through GE, I had received a grand total of $1,037 dollars ($517 for o...

 Hi everyone,  My Greatlink funds was successfully funded. Off hand, the funds took 3% as bid offer spread off my total deposits. Every deposits will ended up having this charges. I would still have to pay another 1.5% fund charges and 0.22% custodian fees to the fund managers. It is really expensive for our retirement. Despite of the charges, I would still think that it is worth it to pay the charges than to invest on my own only for the charges to be cheap but I am losing 80% of my tiny net-worth over some investment mistakes.  ' SYFE is giving me another set of headache. Whenever I deposit my fund, it would take a week to execute the buy. Tracking if the fund reached and if the trade had been executed is painful. It is not great to see that there are still a component in cash that is pending execution. I am contemplating whether to do weekly new fund transfer or to do a monthly one. Right now, I will prefer to do a weekly fund transfer than a monthly transfer in view o...

As per the last post, I decided to invest in Greatlink Multi-Sector and US Income & Growth fund. These were the two long term funds that provide monthly payouts which I plan to keep till the day I expired. I knew that these would not be enough for me if I want to retire early. After the discussion with  my insurance agent, I turned to one of his three proposals and made some changes. He proposed a saving plan, a monthly endowment and a monthly pay out fund. I decided to sign up for two monthly pay-out funds and a monthly endowment plan. I was planning to use one of the monthly payouts to fund the monthly endowment plan for 15 years. Once the monthly endowment plan matures, I will switch it to a fund that provide monthly payout. That would be my fourth source of monthly payouts (Even through I list this ahead of my third source of monthly payouts, it will only be activated when I am in my 62 years old). If I retired there and then, I would have beat my own retirement goal of 65 ...

There are several considerations on the use of the early critical illness payout. Everyone situations and priorities are different. What is suitable for me does not meant that it is suitable for you or anyone else out there. I can only provide a view of my thoughts and actions to serve as a reference (Not financial advise). After the initial excitement, I wasted no time to transfer the money into an investment saving account that I have while waiting for that flush of excitement to calm down. To be honest, the six digit payout was like a lottery windfall but given a choice, I am sure that nobody would like to make such a claim payouts.  While I have an urge to spend it like a lottery windfall, I knew that I would be in trouble if I did that. Not going to judge or anything, there are some people who would be spending the payout like a windfall. They could afford a lifestyle whereby they would be able deal financially with another critical illness without such payout. There are other...