The Biggest Money Mistake I Made in my 20s (I lost $5000!)

I’m not against insurance, but from my experience, you get less bang for your buck when you mix insurance with investments (investment-linked policies). You will be better off buying standalone insurance for your coverage needs and investing in low-cost index funds or ETFs on your own.
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[@mytutay878]

I made this mistake as well 😢. I blindly trusted my financial advisor, who only cares with his commission 😬.

[@xaviera_inc]

I'm so sorry to hear that! I'm not sure how much you've put in already, but it may be worth having a review with your advisor and plan your next steps! For me, taking the loss was painful but I decided to do it because the opportunity costs of continuing with the plan (vs investing it myself) was too high

[@PianoWrecker]

Hello, just wondering are you Malaysian?

[@xaviera_inc]

Hello! Nope I'm Singaporean:)