Mr. Chan T F, a retiree, came to my office to tell me about his bad experience in investing his retirement savings. Based on my encounters with many retirees, this story sounds quite similar, and is not confined on to the bank that Mr. Chan dealt with.
Most retirees are not willing to share their experience, as they were embarrassed or did not keep a proper record of their transactions. In Mr. Chan, he wished to share his story and to advice other retirees to avoid this type of situation that he had encountered.
This video is split into three parts, due to the 10 min limitation on Youtube.
Part 1
Part 2
Part 3
My advice to consumers, especially retirees, is to avoid investing in the complicated investment products sold by the banks. Most of these products have features that are baffling to consumers, and can result in the unexpected outcome experienced by Mr. Chan.
Most retirees are not willing to share their experience, as they were embarrassed or did not keep a proper record of their transactions. In Mr. Chan, he wished to share his story and to advice other retirees to avoid this type of situation that he had encountered.
This video is split into three parts, due to the 10 min limitation on Youtube.
Part 1
Part 2
Part 3
My advice to consumers, especially retirees, is to avoid investing in the complicated investment products sold by the banks. Most of these products have features that are baffling to consumers, and can result in the unexpected outcome experienced by Mr. Chan.
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