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Since I often ask you guys to run away from a lot of financial products/services/agents/institutions, I thought I’d make a quick list of items that I have so far asked you to run away from.
- Unit Linked Insurance — of any kind — Policies (ULIPs).
- Financial products/services/agents/institutions which/who offer you “exclusive,” “privilege,” “priority,” “premium,” “premier,” or “another-similar-word,” access to some [usually useless] service.
- Insurance agents who offer “commission kickbacks.”
- Financial products/services/agents/institutions which/who offer to help you mimic Warren Buffett’s style of investing.
It really is in your best interests to run away when you’re face-to-face with any of these.
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