(From Pinoy Smart Savers: Don’t invest in stocks if you don’t have these ) 3. Medical / health insurance. This is an equally important policy to have. Before your time is finally up you will probably get seriously ill or injured at least once in your life. Without ample protection provided by a medical or health insurance plan your family can suffer a lifetime of financial difficulties if you catch a critical illness like cancer or stroke. No, your Philhealth coverage is simply not enough. Your stock investments may possibly cover the cost of treating a sickness or injury that hits you or another family member. But why pay for it in full when you can let another company shoulder it for you for just a fraction of the cost. Would you really want to use up your P100,000 stock investment to pay for a medical crisis rather than spend a much smaller amount to buy adequate medical insurance which can cover the costs? A smart investor would know the right answer.
Posted on: Mon, 28 Oct 2013 16:04:48 +0000
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