If you are someone who firmly believes in automating your investment process, it is likely that you have considered investing with Investment-Linked Plans (ILP).
After all it is certainly extremely tempting to invest with a professional.
But do be careful. Not all investment professionals or financial advisors were made equal.
You have the good ones and the excellent ones - the ones that really care for your financial well-being (could be your family member / relative / close friend)
Similarly, we have decent, average ILPs and then we have the bad ILPs.
Regardless, I've always believed that passive investing can get you better returns than ILP.
Simply because ILPs are likely to purchase / invest in similar funds.
You may ask then, so what's the difference?
Well, you are paying management fees for the fund. But you are also paying an added level of fees for the advice of the financial advisor.
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