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Anonymous
Was approached by my financial advisor on this. Not sure to invest in this or to continue with SWRD via IBKR. The plan is to invest monthly for the next ~35-40 years.
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Why bother to use financial advisor to invest in Global technology. You will be paying both the commission or whatever fees the financial advisor imposed plus the annual expense ratio charged by the Fund.
You can look into ETF global technology or AI ( smaller expense ratio and no financial advisor fees )
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Don't bother to buy investments via insurance platform. The costs are just too much plys your FA likely know less than you do. Just do ETF VOO on your own IBKR monthly basis. You will thank me later
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You can check the underlying fund
doc.morningstar.com/Document/861934121907d9de0b...
and see if it suits your personal investment objectives.
if you like the fund, see how much AIA charges and compare whether you can get the same or similar fund using a low cost broker or zero-fee distributor.
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personally i am advocate of long term investor but not ILP.
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hope this helps.
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Imayoot
16 Jan 2024
Wealth Manager at Phillip Securities Pte Ltd
Diversify!
Also, how much is the charges for that advised fund?
I personally nv like ILP sub-funds...
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Generally, I avoid funds by insurance companies.