Investment or Insurance Advisor is Not Your Financial Planner
My friend’s mother-in-law is a widow; she is 75 years old. She sold one of her properties and put Rs. 67 Lakhs in Bank Fixed Deposit in Sr. Citizen Account, she used to run her expenses with the interest. A share sub-broker wrongly advised her to invest in shares; she was told that she can earn more than Bank Interest. She initially invested Rs. 20 Lakhs and made profits within 3 months and...
Read MoreBeware of “Me too” Financial Planners
Gone are the days when people get mislead and mis-sold with a particular investment/insurance product or a money multiplier instrument. With regulators getting strict on the financial advisory front and stressing on the financial literacy of consumers, sellers have come up with a new concept of selling which is called “Financial Planning”. Yes, financial planning is spearheading as a tool to...
Read MoreWhy you need a Financial Planner…
Before I answer the above question let me take you to a situation in life. When you have a stomach ache you go to the chemist (don’t have time to go to the Doctor…) and ask for medicine. He will give you Combiflam etc., or may be some other pain killer. That may or may not stop your pain. But if you have it again after sometime you will again take the medicine (?) sold to you by the...
Read MoreHow can a Financial Planner guide you in your risk profiling?
A Financial planner prepares a financial plan to help his clients achieve their goals. To accomplish financial goals, means that there is sufficient money available at the required time to meet that financial commitment. In other words we can say financial planning helps in having the required sum of money when needed. For we all must believe that money and medicines should always be served...
Read MoreFinding Mr. Right
The need of a financial expert in your personal life is as important as earning your livelihood. What you earn has to be distributed in the right manner in order to meet your life goals. Retirement planning, investments, family finances, estate plans, insurance coverage etc. are elements which are difficult to manage yourself as you may not have the required expertise. With regulatory changes and...
Read MoreConnect with us
Recent Comments