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The Great Singapore Financial Planning Sale

>> Tuesday, June 15, 2010

Once again, it is the annual GSS!
A great excuse for Singaporeans to enjoy their favorite pastime, shopping.

It is no wonder that most people adopt the same approach towards financial planning.
  1. Shop for the best deals by looking for free advice from "financial planners".
  2. Purchase because of promotions like discount, free gifts, shopping vouchers, lucky draws, etc.
  3. Investing in what is "hot" at the moment.
Basically over committing to things they do not really need because of emotions.

Imagine if you were to see a doctor today and before he does any checking of your temperature or examination, he tells you that "I have a promotion on antibiotics today, its the GSS, 10% off while stocks last. Purchase 2 boxes and stand a chance to win an all expense paid stay at the hospital."

Or the doctor does some superficial check up and says to you, "The best selling brand in the industry today is XXX. How about taking 5 boxes of the deluxe range, I'll even throw in a free thermometer."

Is this the kind of free financial planner you wish to work with?

And it takes 2 to clap.

So, patients could also response with, "Doctor, I think I do not need all the medicine now, got a tight budget. How about I take half of the dosage? On second thought, never mind, I consider first then I let you know."

Or how about, "Which one cheapest? Can give discount?"

The financial planning industry really needs a wake up call on the professional image of proper planners as well as a mind set change of the general public towards financial planning.

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