I was reading through the Business Times Weekend (20-21 Dec) and discovered a great article written by Christopher Tan, who is the CEO of Providend. He gave several arguments that banks are not a place to get financial advice. He said'
"Banks are not the place to get financial advice. Their department is a flwaed one. One department is getting you to spend future money, another is getting you to save. This is not the principle of good financial planning"
The recent saga proves this point. So guys, if you are going to plan your financials, get advice from a company who is dealing with financial planning.
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