Sunday, December 05, 2010

FISCA talk on financial planning

I gave a talk on financial planning under FISCA. 50 people attended. The majority of the participants are young people.

FISCA is now able to reach out to young people. It is wonderful, as the young people are likely to be the people who will stand to benefit by being educated and avoid giving a large part of their future savings away in a low yield insurance policy.

I encourage young people to attend the FISCA talk ( and be educated. You will be able to avoid being misled by an insurance agent who is only keen to earn a fat commission at your expense.

If you meet an insurance agent, who is highly trained and persuasive, this is how you can say "No"

You should also listen to the videos from Suzy Orman. Although she made her point in the context of USA, the same points are applicable in Singapore. In fact, the situation in Singapore is worse for consumers:

Tan Kin Lian

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