My New Life Insurance Policy

     I will take the $63071.60 that I lost because Hang Seng Bank And Insurance had dressed up life insurance polices to look like savings plans. They sold these plans, they even called them plans not policies, in banks when you normally buy savings plans not insurance policies. And of course when I terminated the plan I had turned $63071.60 into $2206.46 in less than three years.

No letter from the bank saying that I was going to lose 60 odd thousand if I continued. That’s what really pissed me off because I’m not hard up for cash.

     So now I will buy a few stocks recommended by Daily Wealth and Doug Casey and see how long it takes for me to make the money back. I’ll let you know the trades as I make them. And we can keep track of it. Two trades that are recommended now are Japan and natural gas so I’ll look into those. As I am in Mainland China now I’ll have to reshuffle a few of their recommendations to suit the market here.

  In China there are not as many investment products

     And actually they are trying to keep you saving money. One bank is offering free medical if you leave some in a special account. Well I’ll see if they will give me a free medical and I’m not Chinese. I don’t think that will be a problem because it never has in the past. If anything in a hospital they try the overkill method where they want me to take all these tests. I quietly refuse as I usually check the internet to find out what is wrong with me before I go to see the doctor. I usually go to a small government run clinic as they are pretty good. I have only had good experiences in the mainland hospitals and clinics. Also to have an operation is not going to break the bank and I am a firm believer in medical tourism That is more than I can say for the Hang Seng Bank.

     Here in China the real estate market is way overpriced but the government is slowly reining that in. And because there are very few places to put investment money the stock markets can get way overpriced also. And now is not a good time to get into the stock market as the timing is wrong but I’m looking at a Japanese fund or a Japan ETF. After the earthquake and tsunami Japan might bounce good. Also I’ll look at Quality Chinese companies that dominate the market and see if they dish out a dividend. Daily wealth recommends dividend investing so I’ll look at that.

Seeds of Wealth

     Seeds of Wealth is a investment I recommend very highly. It belongs to the same people who bring out S&A Digest so they know what they are doing. If you are looking for life insurance then this is the way to go. At least if you pull out early you should get most of your money back, but then why pull out. If you are looking at over 10% a year increase you don't want to stop that. And with the compounding effect you will make a lot of money over a lifetime. But you must keep the money in the program. 

     This is not like the life insurance I was misled into buying at the Hang Seng Bank. I put in 60 something thousand and after 8 years I get over 70 something back. How pathetic. I can't close my Hang Seng Bank account until that matures so they are still making money of me. 

    So use the banks for banking and for investment check out the Agori Finance Crowd and make some real money.

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