| Myths and Truth about financial planning |
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| Written by Wilfred Ling | |
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Top 3 Myths about financial planning Myth #1: Financial planning means purchasing an insurance policy. Myth #2: Financial planning means buying an investment product from __ (name of the financial institution) ____ Myth #3: Financial planning is only for the rich. Top 3 shocking truths about financial planning Truth #1: Cash flow is the foundation of financial planning, NOT insurance. Truth #2: A unit trust prospectus approved by Monetary Authority of Singapore does not imply that the relevant laws have been complied with. But you can reduce your risk in investing in “lemon” funds through financial planning. Truth #3: If you pay a huge regular premium for insurance, you are almost likely to be underinsured. Want to learn more? Follow the links below: |
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