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Saturday, January 26, 2008

Ask for a clear explanation

Dear Mr. Tan,

An insurance agent from X has been urging me to buy unit trusts using the fund from my Special Account. Should I take the risk to invest $10k now that the market is low.

REPLY

I think it is the responsibility of the agent to give you the appropriate advice. Do not buy from the agent, if he is not able to give you a clear and convincing explanation.

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