You should then ask for a copy of the funds prospectus and take it home with you for more detailed analysis. Never feel obligated or be pressured into signing on the spot.

The representative is usually a salesman and most likely earns his income from the commission. This might present a conflict of interest because his commission is dependent on his turnover. Watch that you are not pressured into buying something that is loaded with high fees.

Also, a salesman might not have the in-depth knowledge of how relevant his product is in regards to your needs. You most definitely should get a second opinion from a disinterested third party. This could be your banker, lawyer, financial planner, or a licensed asset manager. The price of education is a lot cheaper than the price of ignorance. Do not regret paying a fee to a licensed professional if the sum you are investing in is substantial.

There are other investment products available and new ones are constantly being developed, advertised and promoted. Ask these questions and think carefully to avoid being trapped into something that might be overly expensive or unsuitable for you.