Personal Finance
Is That Really A Free iPad?
By Sethisfy  •  June 10, 2011

There’s an IT convention happening and I think I should earn some good karma with this public service announcement: Avoid purchasing financial products and/or insurance policies at the ongoing IT convention.

In fact, I believe it’s good sense to avoid purchasing financial products from roadshows in general.

Roadshow agents, particularly those at IT conventions, typically attract passer-bys with free gifts, often expensive ones, for some kind of savings policy. It may seem like an attractive proposition – saving money, getting insured, and receiving a swanky new gadget to play with, but explore a bit deeper and you’ll find that the old adage of there being no free lunches holds true. In fact, it may turn out to be a grossly overpriced “lunch” for the unsuspecting.

Policies sold at such roadshows more likely than not reap high commissions for the agents. Such commissions invariably come from the pockets of the people ...

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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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