Monday, August 23, 2010

Be your own financial adviser!

Can you imagine running off with more than P100 million of your clients' money? Read this article to find out how a former officer of today's leading financial services company did it: Citibank Exec Goes Missing - Millions Stolen. Is he in deep trouble! The bank filed criminal and civil cases against him.


But my sympathies are with the clients who were victimized. From the report, it appears that the bank still has not refunded their money. Considered as "high-net-worth individuals," these clients are said to "enjoy various privileges including premium information and assistance from a dedicated wealth management team." But is letting somebody else manage your account really such a good idea? Based on this news, I think nobody would ever want to enjoy such a privilege. This experience should prompt people to be their own financial adviser! This is another wake-up call telling us:

Be mentored
Don't rely on other people to plan your financial future.
The best person to protect and handle your money is You!

Invest time to become financially educated! Click here to get started.

No comments:

Post a Comment