I give talks on financial matters. I always advice my attendees on the following approach towards financial products:
1. Ask a few simple questions
2. What is the cost?
3. What are the benefits?
4. What are the charges?
5. What is the yield?
6. Why is the yield so high, or so low?
Ask the adviser to explain in simple language, so that you can understand it. If it is too complicated, you should distrust and reject the product.
Lesson: Do not be shy to ask the simple, relevant questions, and to reject any product that is not clear to you.
Subscribe to:
Post Comments (Atom)
:.
0 comments:
Post a Comment