I passed this message to my children, who are too busy working, and cannot find the time time to attend an investment talk directed at consumers. It may also apply to you.
I am giving a talk on investments on Sat 28 July 2 to 5 pm at SMU. You can get more details and register here
I advice you to attend this talk. It is important for your financial future that you understand how to invest in the correct products.
If you do not attend, you are likely to lose a lot of money by investing in the bad products. There are many bad products being sold by banks and insurance company. They make a lot of commission for the sales person and for the bank and insurance company , and will make you poor.
A typical product should earn (say) $500,000 for the investor (who invest in ETF) but when the same money is put into any other product, they will get only $300,000. So, $200,000 is a lot of money to lose - and tens of thousands of people are buying the bad product that take way 40% of what should be theirs.
Tan Kin Lian