POSTED BY July 27, 2011 8:51 pm COMMENTS (6)ON
I would like to thank the person who sold me the ULIP policy(i misbought it will be right thing). Without him i would have never known about Financial Planning ,Mutual Fund,Stock Market,Term Insurance,Health Insurance.
I wouldnt have given a damn about investing for long term and power of compounding. May be when i will be in mid 30s i would have realised the need and at same time would have lost about 10-12 years of investing and the compunding effect.
Now i have made all(or almost all) correction to my knowledge and sticking to simple SIP in MF .No Term Insurance as there is no dependents yet.
All these happend because of that one ULIP that i bought and incurred a loss of about 30K.
How many people are there in the forum who are like me ?