Invest
Some myths on financial planning and pitfalls reading and attending unregulated books and seminars
By Wilfred Ling, The IFA on Duty  •  August 31, 2012
Written by Wilfred Ling  Friday, 31 August 2012 In recent times, I keep on hearing clients who attended talks or read books relating to financial planning. I am quite troubled on the kind of lessons they learn because some of these self-professed trainers and authors do not have any first-hand experience in dealing with people’s lives. Most trainers and authors are either highly theoretical or their practical experiences are based on a small sample size which is usually their own personal experience (i.e. sample size = 1). What is troubling is they are not accountable to the consequences of their advice given to their readers and audiences. I want to point out some pitfalls when learning from self-professed but unregulated planners:
  1. Seminars and training are unregulated in Singapore. Anyone can give a seminar on financial planning such as forex trading, budgeting, property, stocks, etc. The speaker does not ...
...
Read the full article
By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance