Planning a new investment? Start by asking the right questions


Posted December 13, 2017 by venkatkumar

Our approach is Financial Planning first. This ensures that the plan becomes the fundamental pillar on which all future analysis, advisory and real-time monitoring is based

 
My job requires me to interact with a lot of folks, and sooner or later, we end up talking about their investments. Maybe it's because of the workshops that we conduct on Financial Literacy across various corporates or because I have been part of the investment advisory space for more than a decade. financial advisors Bangalore,The question I encounter most often, even from seasoned investors, is this – “So where do you think I should invest?”
So, I thought let me get down to it and address this as best as I can, for the benefit of whoever has this question on their mind.
First off, this is the wrong question to be asking.
Picture this. financial planners in Bangalore,You have a splitting headache and you decide to consult a doctor. Incidentally, the doctor you visit is a seasoned professional, has an established practice for more than three decades and comes highly recommended.registered financial advisor, You walk into his or her clinic, the doctor takes a long hard look at you, then gets hold of a pad and prescribes some medicines.
What’s going through your mind?
Would you blindly take those medicines, or expect the doctor to get a more detailed understanding of your ailment? You would at least expect the doctor to do a physical exam, send for some diagnostic tests, await a few reports, ask some questions on how the symptoms started – basically, you would want the doctor to have all the information you think would be needed before prescribing you any medication.
Why should financial advisory be any different?
If you ask any advisor a question such as “What’s a good investment?”, you’re giving the advisor the opportunity to recommend a product that may not be the best fit for you, property investment advice, and one which possibly carries the highest revenue for the advisor, or expect the advisor to make assumptions about your requirement which may not necessarily be true.
Instead how about asking this – “I’m 35 years old, am planning to retire at 50. I have a moderate risk appetite, currently have an expense of around 50,000 per month. financial advisor Bangalore, I expect the inflation to be around what it is now and want to maintain the same lifestyle after retirement. I wish to know how much should my retirement goal be, and how much I need to invest every month to achieve that goal. Can you advise what’s a good investment for me to achieve this goal?”
Now imagine the answer you’ll get.property investment advice Won’t it be appropriate and personalized to your requirement? And can you take action and on that answer? By taking your investment decision on this answer, you will drastically reduce the probability of having your investment fall short of your retirement goal.
Ask the right questions to your advisors. investment advice,Give them all the information that is needed to help them do their job better.gold investment advice, Before asking for investment advice have a clear picture in your mind on what you want to achieve, what is the underlying goal, the horizon, the risk you are prepared to take, and what you can commit as an investment
For more details visit us:
https://capitalquotient.com
[email protected]
9019100600
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By capital quotient.
Website financial planners in bangalore
Phone 9019100600
Business Address bangalore
Country India
Categories Finance
Tags financial planners in bangalore , investment advice , property investment advice , registered financial advisor
Last Updated December 13, 2017