People often come to me and ask:
·
Which is the best mutual fund scheme where I
can get the highest returns?
·
What are the investment options where I can
get maximum returns in the shortest period?
Well, chasing returns is a fund manager’s job,
The job of a financial expert is
Not to chase the highest returns, but
1. To make
you aware of your future financial needs
2. To help
you to make right financial decisions
3. To guide
you not to panic when the market falls steeply
4. To guide
you not to be over-excited when the market rises sharply
5. Guide you
not to make decisions on emotions but sound logic especially when the market
behaves another way
6. To make
you focus on your financial goals, not some quick bucks
7. Motivate
you to save more and invest smartly
8. To
caution you not to try shortcuts for making quick money
9. To Beware
you of scams and fraud schemes that offer huge returns
10. To make you
aware of various risks and protect you from them
11. To make you
aware of your expenses and how to manage them
12. To make you
aware of the benefits of compounding, continuity, and discipline in the
investments.
13. To guide
you about good and bad loans and how to avoid/come out of a debt trap
14. To guide you regarding Emergency Funds, Risk Management,
and estate Planning
15. To suggest
you those investment options that are suitable based on your age, risk profile,
investment horizon and financial goals.
16. To do
proper asset allocation
17. To guide
your investment behaviour
18. And
finally, to help you reach your financial goals smoothly
In Mahabharat, the best
Archer Arjun needed the advise of Lord Krishna and Lord Ram asked for advise
from Hanuman, Jamvanta and Vibhishana. Similarly, a Financial Advisor is
required to achieve financial goals in life.
Remember: To become wealthy is more of a behavioural matter
than just getting the highest returns, and a financial expert tries to Manage
that....
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