The bottom line from a financial planner

A decade ago, it seems that life was simple: you go to the bank to save up money, maybe place money in time deposits to earn higher rates, or go to a life insurance agent for some insurance protection.

Now, there is an abundance of financial products, vehicles and schemes not just to secure our future, but build more wealth as well. It seems like a floodgate has opened and stock market, mutual funds, investing, forex, real estate, VULs have become bywords—a cornucopia of sorts.