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

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Anonymous

30 Apr 2021

Insurance

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

Discussion (6)

What are your thoughts?

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.

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

Tan Choong Hwee

Tan Choong Hwee

30 Apr 2021

Investor/Trader at Home

Bad Advice:

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

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