Worst financial/investment advice you ever got?
As per headline. Doesn't need to be actually actioned but just with hindsight was bad. Maybe seperate into two classes: advice from layman and advice from professional FAs and the like.
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Guo Wei
06 May 2020
Me at Home
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Ng Wei En
06 May 2020
Analyst at Mastercard
Bought into an IPO on SGX without doing much research on it. The business went downhill and management team started to left one by one. The stock was eventually suspended on SGX and its basically worth nothing now.
Was lucky that I only allocated a small portion of my portfolio to this stock but definitely learnt a huge lesson from this experience.
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Don't like bumping this, but it's a great question.
"It will crash anytime soon." - 2011
"It will crash anytime soon." - 2013
"It will crash anytime soon." - 2015
"It will crash anytime soon." - 2017
"It will crash anytime soon." - 2019
"It will crash anytime soon." - 2020
Meanwhile, record highs.
A broken clock is right twice a day.âââ
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A wealth manager from a bank with tiger logo, recommended me to buy life insurance policy with premium same as my salary.
I rejected and left, and she still called me over the phone why I rejected her wealth planning. âââ
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"Trust me"
And another!
"I understand you aren't obliged to buy from me. I'm just disappointed tha...
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