Have an idea of your present situation.
Your Financial Adviser should have a complete understanding of any current investments, current fixed monthly/yearly income, monthly outflow figures, total monthly inflows, current insurance coverage etc.. With this knowledge, he will then be able to recommend a suitable portfolio that complements your financial position.Find out your financial objectives and goals.
Do you have any future needs that requires a huge sum of money? How much exactly should you save up and where should that money be put in? e.g. Family planning (Average monetary cost of a child in Singapore is approximately $350,000)Risk appetite
An example of individuals having vastly different risk appetites would be people of different ages/stages of life. A retiree usually has a very ‘safe’/conservative portfolio (Fixed income securities take up typically a major portion of investments), whereas a younger investor typically has a ......
