How to avoids traps laid by Financial advisors

vishal412

Active Member
#1
There is a need for every individual investor to educate himself / herself.As you can not rely on somebody else, including your bank Relationship Manager (or especially your bank RM), to act in your best interests.
It is a very good thing that youve educated yourself enough to withstand the varied tricks used by unscrupulous RMs and other advisers.
When dealing with someones hard earned money, which people have earned in order to provide a good life for their family and loved ones, one would imagine it is with only the highest form of ethics that an adviser would behave, but from what we have witnessed, this is often not the case.

Theres no point in complaining about the problem and not finding a solution, and the best solution in this particular situation is for the investor to educate himself.

Read more:
Shocking Reality About Financial Advisers
 
#2
There is a need for every individual investor to educate himself / herself.As you can not rely on somebody else, including your bank Relationship Manager (or especially your bank RM), to act in your best interests.
It is a very good thing that youve educated yourself enough to withstand the varied tricks used by unscrupulous RMs and other advisers.
When dealing with someones hard earned money, which people have earned in order to provide a good life for their family and loved ones, one would imagine it is with only the highest form of ethics that an adviser would behave, but from what we have witnessed, this is often not the case.

Theres no point in complaining about the problem and not finding a solution, and the best solution in this particular situation is for the investor to educate himself.

Read more:
Shocking Reality About Financial Advisers
I am really shocked by the ignorance of common people about importance of investment.They toil hard for their money but they have least care about how and where to invest it and then they fall into trap of so called advisors who are more interested in their commissions.
The solution to problem is financial awareness.Schools must have compulsory subjects on financial instruments and their advantages and disadvantages.

The people in US are much more finanacially aware than we indians....So financial education is the key here
 

vishal412

Active Member
#3
Infact in India, most of the bank's relation manager works as crooks, there ultimate aim is to sell the financial product irrespective of the fact that whether, this product is required to customer or not, as they were supposed to increase sale of their financial product. Its very necessary now a days to be self educated towards your finances. Many of mine friends are earning good money but they have been missold especially on their insurance policies.

So its better that you keep on getting more and more information about these subjects unless financial crooks are going to take your money away from you.
 
#5
To avoid traps by financial advisors, educate yourself, research independently, prioritize fee transparency, and prefer advisors with a fiduciary duty. Ask questions, diversify investments, read contracts carefully, and trust your instincts when evaluating advice or investment opportunities.
 

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