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Why the Financial Planning Platform Space Can Have Room For Improvement (Guest Post)

Why the Financial Planning Platform Space Can Have Room For Improvement (Guest Post)

This article, Why the Financial Planning Platform Space Can Have Room For Improvement was originally posted here. He is a veteran community member on InvestingNote, with username known as Kyith.

life-insurance-cover-plans-india

My relationship with insurance started in 1997 when I first enlisted in the army. I think many of you guys would share the same experience as myself.

The army company I was posted to, let in an adviser to persuade us to buy a personal accident plant.

That was my first policy.

I wouldn’t have to think about insurance again, until in 2005, a year after I graduated from university. That was about 2 years in, where I already discovered the world of unit trusts.

I thought maybe I should start being a responsible adult. After learning about unit trust, I learned that it can be rather suicidal if you put a lot of money into something you do not know much about.

I decide to do what I did when I have no idea how to invest in unit trust. I picked up a relevant book, or a few books on personal finance and read it. I have an idea about different kinds of protection.

However, I was still not very sure. Some experienced advisers and experienced members in the unit trust forum was kind enough to share their knowledge. Those proved to be invaluable in drawing what is in the books to real life scenario.

The Challenge of Well Informed DIY Consumers

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