Avoid these financial products

Dear Mr. Tan,

I read your FAQ on Investing Your Savings. You advice to avoid the following products:

a) Difficult to understand
b) Lacks transparency
c) Lock you for a long period
d) Imposes a penalty on termination
e) Lacks flexibility

It seems that most life insurance products fit into this description. Is it correct?

REPLY

The financial products that fit into this description are:

a) Most life insurance products
b) Most structured products (which locks you for 3, 5 or more years).

Read this FAQ to find out about other options to invest your savings:

http://www.tankinlian.com/faq/savings.html