Master List of “Run Away From” Items — December, 2008

by Vinaya HS on December 20, 2008

in Finance

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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.

It really is in your best interests to run away when you’re face-to-face with any of these.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 3 comments… read them below or add one }

Raj December 20, 2008 at 2:20 PM

Most financial advisors say that ULIPs are a good long-term investment options and just not suitable for short term gains but you seem to hate them altogether.

Vinaya HS December 20, 2008 at 6:35 PM

Why should insurance be a “risky” investment? Why would you ever want your insurance to be linked to the equity markets? Why would you want to pay “extraordinarily high” commission and fund management charges when there’s no guarantee on how your ULIP will perform?

Remember, insurance as an investment is a great investment for the insurance company/financial advisor but a terrible one for you.

nitin February 13, 2009 at 1:46 AM

Insurance is not an investment. ppl should get out of this confusion / illusion . Insurance is a service you r buying by paying a service fee. thats all.

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