Introduction In this short article, we will see the most important ways in which a financial advisor can help you meet your financial goals. These points also can be used as a checklist to evaluate the competence of the financial advisor.Promotion Promotion Who is a Financial Advisor? Financial advisors come in all shapes and sizes.
‘Free’ advice costs you a lot There are many articles that try to establish why regular funds are more suitable for investors. Almost all of them use the following scenarios/models:Promotion Promotion Advisor/platform providing free advice and logistics for investments in regular funds (free advice model) An investor doing everything themselves and investing in direct funds
Systematic Investment Plan (SIP) is growing in popularity every month. A good percentage of mutual fund inflows is through SIPs. The public discussion on SIP is so much that some new investors are led to believe that SIP is a product, rather a mechanism.Promotion Promotion Along with this, there are strong arguments about why SIP
In this long write-up, I discuss an engineering (methodical) approach to personal finance. I introduce the concept as growing wealthy using an engineering approach. I then describe the parts of the approach in some detail. A full presentation that follows this approach can be found below.Promotion Promotion This article previously appeared as: https://freefincal.com/growing-wealth-engineering-approach/ Introduction I use the
You are often besieged by a variety of people who offer ‘financial plans’. Most visitors to banks, particularly the private banks, encounter ‘financial planners’. While there could be different views on the usefulness of these planners, there is no doubt about the importance of a Financial Plan as such. Let us look at the reasons