Anonymous

30 Apr 2021

∙

Can you share one bad advice and one good advice you've been given by a financial advisor?

6

Discussion (6)

What are your thoughts?

Learn how to style your text

Jamie N.

11 Jan 2022

Bad: Try to build a good credit score (that means taking credit). I think one should avoid debts unless it is absolutely necessary.

Good: The best type of investment is the one which applies compound interest to grow profit.

Reply

Save

Wilson Nid A Break

30 Apr 2021

None, i avoid them like a plague, no ill-intentions

Reply

Save

Tan Choong Hwee

30 Apr 2021

Solutions Specialist at Providend

Bad Advice:

There was this FA who was promoting an ILP to me, and claimed that the premium goes 100...

Write your thoughts

Related Posts

What financial advice do you usually receive but often disagree with? Colleagues often come together during lunch to talk about random stuff in their lives and often, bad advice is given (imo)

Do you have one financial advisor, or many? What qualities do you seek in your financial advisor(s), if any?

India's bad debt situation: given India has such a high bad debt percentage at 10.3% according to IMF's financial soundness indicator, should we still invest in India's corporate bonds?

What’s the very best financial advice you’ve ever received? And who gave you that advice?

I’ve got 4 shares of Amazon (at around $3,030 a share). I’m trying to decide on buying one more if it drops back to that range again. Would you do it or invest the $3K elsewhere?

Related Posts

What financial advice do you usually receive but often disagree with? Colleagues often come together during lunch to talk about random stuff in their lives and often, bad advice is given (imo)

Do you have one financial advisor, or many? What qualities do you seek in your financial advisor(s), if any?

India's bad debt situation: given India has such a high bad debt percentage at 10.3% according to IMF's financial soundness indicator, should we still invest in India's corporate bonds?

What’s the very best financial advice you’ve ever received? And who gave you that advice?

I’ve got 4 shares of Amazon (at around $3,030 a share). I’m trying to decide on buying one more if it drops back to that range again. Would you do it or invest the $3K elsewhere?