Personal Finance
Buying on Trust – The Mango Saga
By Akhiat  •  May 21, 2009
[caption id="attachment_2503" align="alignright" width="192" caption="Photo by who.log.why"]Photo by who.log.why[/caption] Along my way home last week, I passed by this stall that sell mangoes outside Pasir Ris MRT Station. The mangoes really looks yummy and I decided to buy some back for my family. There were 2 group of mangoes on 2 different tables. The first group cost $3 for 3 mangoes and the second group cost $5 for 4 mangoes. Both group of mangoes looks rather similar to me. I tried to analyse the mangoes by touching and smelling it. No matter how I tried to analyse, I couldn't spot the difference and it prompted me asking the stall owner. Adrian: Uncle, may I know what is the difference between the 2 group of mangoes? Uncle: Same same. 2 group also very nice. Adrian: Then which one is sweeter? Uncle: Also same. Both very sweet. Adrian: If same, why both different price? Uncle: Price different a bit only mah. You think expensive, then buy $3 one lor. I couldn't decide which group of mango to buy and started walking off. Just as I stepped away from the stall, the Auntie beside the Uncle shouted at me. Auntie: Xiao Di, this one is smoother and the seed thinner. She was pointing at the $3 for 3 table. Immediately, I buy that group of mangoes... ******************** My lessons from this mango incident: 1) You have to know your stuff when you do sales. If you don't know what you are selling, you may lose your customer. 2) Something that looks exactly the same outside may not be the same inside. We may need help when we are not sure. 3) I am not a mango expert, I relied on that Auntie's statement to buy the mango. I trusted her fully and hope she is not lying to me. ***************** This "Mango" saga brought me to think about those people who are ignorant about Financial Products just like how ignorant I am about "Mangoes" will tends to trust their Financial Adviser like how I trusted the Auntie about the mango. Read more...
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By Akhiat
Adrian entered the Financial Advisory Industry in Feb'03 after years in the Shipping and Logistics Arena. He joined the industry with a strong belief that the public need better advice in their financial plan. "It is a big challenge to me till today because I am not a natural Sales Person. However I want to remove public's perception that Financial Adviser are all Salespeople. It is a professional job that deserve more respect. I want to impart my methodology, skills and knowledge to help you improve your Financial Health and to share health tips to improve your Physical Health."
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