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Holistic investment planners, financial planning Chennai, Private wealth management Chennai

Holistic investment planners, financial planning Chennai, Private wealth management Chennai

Financial Planning chennai India, Private wealth management chennai India, Investment Advisory India, Systematic Investment Plan, Mutual Fund SIP, Mutual Fund ELSS, Tax Saving scheme

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GOOD SAVER BUT A BAD INVESTOR

How Are We a Good Saver But a Bad Investor?

by Holistic Leave a Comment | Filed Under: Investments

The below piece will help you understand how most of us save intelligently but invest roughly.

Every one of us is a doctor in our view, just as we all are financial planners. We rely on self-medication when we are physically down or act as a medical assistant when our family members are hit by minor medical emergencies. Similarly, we also assume that we are a good financial planner, who can plan finances very well. We believe that investments that are risky, give higher returns. We judge an investment product depending upon its past performance, current status and reviews given by friends or relatives.

Also, it is commonly seen that most people follow the investment advice meant originally for their friends or colleagues. They usually do not think that this advice could be applicable to their friends, but may not be suitable for them. Such an attitude may land them in a huge financial mess.

We all keep aside a portion of our monthly income as savings, however, we go with the wrong notion that higher risk means more profit, and invest in risk-averse products. This shows we are a good saver, but a bad investor. Our obsession with guaranteed returns is so high that we end-up earning insufficient returns. Due to inflation, we lose the balance between risk and return.

How do we generally save?

Our financial planning, usually involves keeping aside excess money in an account. This amount saved could be used for the various needs creeping in. The saving account usually consists of FDs, PPF, long-term bonds, stocks, insurance policies and Post Office Monthly Income Scheme, etc. Additionally, we also prefer gold, plots and other property for investment.

Who manages that amount we save?

Our investments or savings are generally managed by three people, besides ourselves. The first being investment advisor, who advises on the schemes you should invest in. The second comes the insurance agent, who is usually a family friend or a relative. The third being loan processing officer, who helps in getting a loan.

The three set of managers

Insurance Agent

The first person is the insurance agent, who suggests child plans for our kid’s future, which means their education and marriage; plans for retirement ; money back policies for our different goals , and at times even ULIPS. The agent suggests these products keeping in mind the tax benefits these schemes provide to the investors. However, at the end, we pay higher in the form of premium and other fees, and get illiquid and low-return products. Since, ULIPS come with heavy front loaded charges and lower returns.

The Investment Advisor

The investment advisor suggests the investor to put in their money in various products like bonds, stocks, MFs and FDs. Here, if two different clients approach an advisor for different goals like buying a luxurious home and saving for kid’s future, the advisor is likely to suggest similar products to both of them.

The investment advisor is simply concerned by his fee and interest, rather than the end use of the client. Investment advisors generally provide suggestions without considering client’s assets, liabilities, goals, responsibilities and cash flow. Now you can imagine the situation and end result!

Loan processing agent

The officer processes our income documents to give us an idea on our maximum loan eligibility. In most cases, we end up taking full loan amount as per the approval, without doing an analysis on the benefits we’ll earn after paying for the property.

Comprehensive Financial Planner

The above three parties do not interact with each other, this results in meaningless and inefficient financial planning, which may cause losses to the investor. Therefore, it is wise to be financially alert and make sound investment decisions, rather than completely relying on different investment advisors and agents.

If you are planning to outsource your personal finance management to someone, then choose a comprehensive financial planner who will do in depth and do more than what these 3 parties are delivering you so far. Comprehensive financial planner understands your big picture. He knows all your goals, investments, risk appetite, expected future income and expenses.

As he knows you completely, he will be able to deliver holistically. By relying on a comprehensive financial planner, you can be a good saver and also a good investor. If you want to check our own distinctive complete and comprehensive financial planning process will be suitable to you or not, then you may register for

If you have any comments or questions, write them in the comment box below.

Or are you interested in creating a Comprehensive Financial Plan for your financial goals?

Skip the queue by registering for your 30 Minute FREE Financial Plan Consultation. Click the ‘‘BOOK YOUR SLOT NOW!’’ button below. 

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Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

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