“Dear Wilfred, recently company Y launch product Z. Product Z invests in XYZ which looks really good. The media, forum and my friends are talking about it. Can you advice me whether is the product really good? – Regards W”

Dear W,

Products are meant to solve a problem. For financial products, it is meant as a solution to help solve a financial problem. Unless you know what is your financial problem, you will regret buying the product since it serves no purpose. It is better to just keep your money in the fixed deposit although you must be careful that the bank could sell you something else since you have so much money as fixed deposit.

Wilfred