Insurance agent
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Any insurance agent here? I am thinking of investing but I need guidance.
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according to this thread, they can be found at mrt stations
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???Originally posted by arch123:Any insurance agent here? I am thinking of investing but I need guidance.
Why do you look for an insurance agent to do investing?
Are you investing cash/cpf?
I would recommend seeing a real Financial Advisor. (point to note: Several Insurance companies in singapore call their insurance agents Financial Advisor or Financial Consultants. These are True, it's just part of their marketing.
A real Financial Advisor/Consultant do the following:
1. Insurance (life, health, general)
2. Retirement planning
3. Wealth planning
4. Tax reduction
5. Wills
6. Overall portfolio/assets management including property, company stocks, trusts, etc.
Insurance agents will just ask you to pop your cash into unit trusts. -
Perhaps you had mistaken my post. I never say anything about IFAs.Originally posted by tokyofire:haha... do u think that majority of the IFAs in Singapore are really that good?
How many can really plan a Retirement Plan??
All IFAs/FAs are trained to sell because commission, sale charges and wrap fees are their main souce of INCOME.
Newbie will find them better than normal insurance agents but a well knowledge person will find them the same as insurance agents.
The only difference is probably investment but FA firm like IPP is charging 1% wrap fee. Siao bo.. give them 1% for chow bo.
According to experts, the bear market was expected last year but it didnt happen. There is a possibility that it will come this year as it's already in the 5th year of Bull Run. So before u invest, make sure the IFAs/FAs warn u about this.
IFAs (finaxis, IPP capital, 1st principle, etc) are the same as tied FAs (AIA, prud, NTUC, manulife, etc.) in that they are not real qualified Financial Advisors, just Insurance Agents.
In fact, on a personal opinion, I find IFA worst off then a tied company on several terms. -
So many title given like consultant, adviser...
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Haha, seems that insurance agent will always be stereotyped as an insurance agent, even if they change their titles to advisors, consultants etc.
Well, not everyone has good experiences with them huh?
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So you were ripped off before?Originally posted by tokyofire:The problem is whether it's IFA or agent.. too many black sheeps out there!!
How would u know u met a good 1? Initially u thought it's a good one but only to know that u are being ripped off. -
Originally posted by Rock^Star:So you were ripped off before?
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U clone? I'm not sure if i need to reply you.....Originally posted by kantang seller:Kena conned to buy an ILP... but now i'm financially knowlegable.. i can deal with it.
Some ppl surrender, but i'm keeping it. using as a term policy. -
kana con to buy ILP?Originally posted by kantang seller:
Can have more info like by which company, roughly when, how it happened? Can PM me. -
I hate them
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Why?