Personal Finance
Seminar: How Young Working Adults Can Avoid Buying Costly Financial Products
By Sethisfy  •  August 6, 2012
I will be holding a small seminar on how to avoid costly financial products and potentially devastating pitfalls in Singapore’s commission-driven financial advisory industry on 25th August, Saturday, later this month. I am targeting this seminar at young working adults and fresh graduates because I know first-hand that this segment of individuals is heavily targeted at for sales of insurance and investment products that provide poor value. Financial agents usually employ advanced sales and prospecting techniques to push products that enrich themselves at the expense of their clients. People with full-time jobs have no time to come to an informed understanding of what they are purchasing exactly. I have met many clients whose financial portfolios burden them heavily whilst not providing meaningful insurance coverage nor properly helping them reach their retirement goals. They typically purchase expensive products when they have just started working. Being proactive in one’s financial affairs at ......
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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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