Do you think they act on your interest or their own?
When you walk into a bank, what they try to do is to SELL you a
financial product rather than ADVISE you. The financial Fact finder
is designed to always show a need for some knid of financial
product.
Even if you have all the products and all the money in the world,
you are definately short of something...
So beware when you meet these people, either as individuals or at
Banks.
Remember, you need to have money before they are your
friends.
If you don't believe me, try this.
When you are approached to buy insurance, try to steer towards Term
insurance.... (Term insurance has very low commission to the
seller.)
They would most probably cite that Life insurance has a return and
etc etc.
(Also better for them because they get better commission).
Once you sign, you sign for life.
Buy only what you can afford, not based on what you are projected
to earn.
You should be comfortable with your monthly payments. In today's
world, I would suggest less than 3%.
Any comments
