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Tuesday, October 31, 2006

Consumers need advice "untouched by selfish agenda"

Dear Mr Tan

Like many faceless citizens, I am a fan of yours, more so after reading your blog and viewing your new website.

I have also been very impressed with Larry Haverkamp (Dr Money).

Both of you are a rare breed to whom all of us should go to for financial advice because I find the information from both of you so untouched by selfish agenda unlike others whom I understand of course have to make a living and so must try to sell whatever they can get the most profit out of.

All the regulations such as 14 days cooling off period are just something for the promoters to overcome.

I wonder if it is possible for more professional in your trade to model themselves after you and Mr Haverkemp.

I have no doubt we would be better off as a commercial city and society with more real value and respect given to the consumers at large.

Currently its seems that being a professionals are more like having a licence to profit as much as possible from the consumers who of course cannot be more sophiscated or more informed than the professionals and thus are generally at their mercy.

There must be a big untapped market for unbiased information to guide consumers around with their insurance, investment and other aspects of our life.

I hope by your examples, you may have shown the way for other professionals to follow as to how to really help their customers and at same time make a reasonable profit, making it a win win situation for all instead a zero sum situation of taking as much as possible from the customers and leaving their customers the risks of investment and insurance policies drawn up by the professionals as much as the laws allowed them for their interests instead of being fair to their customers.

Lastly, I am surprised that you have been able to actively engaged the readers of your blog and keeping it so updated despite your currently responsibilities in running Income and giving lectures etc.

I hope to attend one of your lectures before you leave. Meantime, you may put this and your reply on your blog if you wish.

My best wishes to you and congratulations on your success in this regards.

Warmest regards

BP Pan

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