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Adding two more to the list this January.
- Last-minute tax-saving investments.
- Return-guarantee funds — no matter how attractively packaged and/or presented.
- 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.
How many of these have you run away from so far?
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.