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Asked by Anonymous

Updated on 18 Apr 2019

How can I get a legit financial advisor who is not interested to sell me anything? Am I being overly aggressive in stocks?

I am 30 and is 95% invested in the stock market 5% cash, HDB loans covered by by cpf. I am a retail investor. I don't know if that is too aggressive, whether my portfolio is too concentrated in any sector or country. The FAs I talk to are either clueless or not knowledgeable. Where should I get someone with CFA-3 level knowledge to advise me and critically look at my stock picking performance?

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Jim Ng
Jim Ng,
Level 5. Genius
Updated on 09 Nov 2018

Fee based advisers are the way to go.

They offer impartial and unbiased advice that is not product-based.

I'm one of the few fee-based advisers in Singapore.

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Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Answered on 07 Nov 2018

You are not going to like my answer...

YOU CAN’T..... (They have to make a living right?)

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Dwivid Sharma
Dwivid Sharma,
Level 3. Wonderkid
Answered on 29 Nov 2018

Cool! I am not going to sell you anything. If you need stocks advices from a professional who has 4-5 years experience. Please let me know.

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Our risk appetite will change according to our life stages, taking on too much risk when you need to feed your family could lead to a disaster whereas being too risk adverse could mean you lose out. I’m not one to speak as I don’t bring decades of experiences, however I know such FAs which will be more than willing to share with you FOC. :)

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You can find a fee based advisor like Wilfred Ling from Promiseland or Christopher Tan from Providend.

Not exactly sure of their rates but, if you want qualification and experience, you can't go wrong with them.

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