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answer before investing

3 Important Questions to Answer before Taking Any Investment Decision

by Holistic Leave a Comment | Filed Under: Investments

Have you ever taken an investment decision and later regretted for taking such decisions? If you could answer the following 3 questions before taking any investment decision the chances of regret will come down and the chances of pride will go up.

1. Have you understood the risk involved in detail? :

An important component of the successful investment approach is to know your risk appetite. Risk comes in various forms. It is vital to know that generally investment with higher returns imposes a greater risk to the investors. While most of us want to earn huge returns, some investors also deny taking risk. Therefore, it is always good to know your investment product completely to avoid future perils.

Practical Example # 1: :

Mrs. Sharma invested in a scheme by just listening to the sugar coated sales pitch by a stock broker and put his money in F&O derivatives trading. Subsequently she lost 70% of his principal.

Advice to readers: :

Invest after in-depth research about the scheme. Know the scheme before investing to avoid undue losses. Also, before any investments bear in mind that no investment is risk-free. There is always a little risk attached to each type.

2. Do you know your investment scheme? :

Do you know the product you are planning to invest in? Or you have just invested because all of your friends are considering it a fruitful investment? Remember, the same scheme cannot be fruitful to every investor, simply because your goals and needs differ from your friends’.

Mostly investment decision are influenced by the society you live in and the people you interact with. You are not getting desired results because you have invested in a plan that is not suitable for you.

Example # 1: :

My friend invested in stock because his best friend did the same. But my friend suffered huge losses and his friend did fairly well. The reason of this failure was my friend has no knowledge about stocks and his friend had a fair idea about the market. The moral of the story – never follow the crowd, follow your knowledge and invest in a scheme that will address your situation rightly.

Tip –:

Your financial decisions should be solely based on your financial situations and needs.

3. Are your investments in sync with your goals?:

The most important thing is to evaluate whether your investment plan is meeting or is capable of meeting your fiscal goals. Most of the time, investors do not take into consideration their goals while drafting a plan. The result being, you don’t find yourself closer to your end objectives.

While creating an investment plan it is crucial to remember that your investments are merely the source to fulfill your desires.

Example # 1: :

If you have a plan to buy your dream gadget a year later, you should draft a foolproof plan that is compatible with the timeframe within which you want to purchase (in this case within a year).

Example # 2::

If you have a desire to go on a world tour post-retirement (tentatively 30 years later), you can invest in a scheme that is capable of fetching better returns over a longer period of time. For this your investment plan should be compatible with the timeframe within which you want to fulfill your wish.

Next Steps::

If you have any dream, draft an investment plan that is in sync with your goals. Don’t lose sight of your goals, as that could result in poor investment decisions/plan.

a) List down the financial goals you have set for you and your family

b) List down the investments you have made so far.

c) Try to match each investment in step b) with the financial goals listed in step a)

d) After doing this, is there any investments left unmatched with the financial goals. That means you have an investment which is not supporting your financial goal. You may need to review this.

e) Is there any goal left with insufficient investment? If yes, then there is an investment gap to meet this financial goal. You need to invest more in schemes which supports this goal. Whatever the money in the schemes specified in step d) can be revamped to meet this goal.

The Bottom Line:

Answers to the above questions will assist you determine the relevancy of your investment approach. The answers will reveal the level of relevance of that investment to you. This exercise of answering these 3 questions will stop you from taking most of the wrong investment decisions.

To make all the successful investment principles and techniques work in your favour, you may test-drive our services by opting for
 
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Lingesh MMG
Lingesh MMG
20. September, 2023.
Na eppo tha financial goal la enna therunju kitta..enaku full support panna thuku thank you..🥰 friendly nalla pesuninga...
Ravi L
Ravi L
15. August, 2023.
Very knowledgeable and professional team, guided me with the precise financial solutions and timely suggestions.
Hardik Dave
Hardik Dave
5. July, 2023.
Holistic Investment is really nice and trust worthy financial planner. They plan things in realistic manner and also consider future dimensions of items also. They are always available for small or big queries, and also share knowledge and help you become more financial literate, and take right decisions in all financial matters.
Dr. Padmakar Wagh
Dr. Padmakar Wagh
27. June, 2023.
Mr Ramalingam who is the Director of Holistic investments has a excellent financial planning knowledge, the entire Holistic team has been very helpful in my financial planning journey and execution. This is my third year of financial planning with Holistic investments and so far I am satisfied with the progress I have made.
Binamra Dash
Binamra Dash
13. June, 2023.
Very knowledgeable team. Guided me properly with my concerns.
Murugan Bala
Murugan Bala
16. May, 2023.
I have been investing through Holistic for the past 4 years and my experience with them have been really good. The team of Rajan and Ramalingam doing excellent services in meeting my needs through proper guidance on investment options customized. Theya re always available on any specific needs time to time.I would recommend their services to my friends and colleagues too.
Neeraja R K
Neeraja R K
15. May, 2023.
Working with holistic investment planners was a really wonderful experience for me. For me the entire team had been very supportive in all ways. Their working strategy is well planned and methodical. They always keep me informed and updated about my investments, so that i can take informed decisions. The team first helps us understand the basics of investments, then they collect data, work with the data and then provide investments solutions according to our goals which i find it the best. Good luck to the entire team.
deepika kulkarni
deepika kulkarni
21. April, 2023.
We have availed holistic service from last couple of years and are very happy with our decision. Their systematic approach has helped us plan our finances and meet our goals. They provide very comprehensive and detail plan and resource management every 6 months which ensures we are on right track to achieve our goals. Rajan and Ramalingam from holistic are always there to help us with our queries. They have also accommodated any changes to our goals or resources mid year in a professional manner.
Ashook Panneerselvam
Ashook Panneerselvam
21. March, 2023.
For the past year, I have been interacting with Holistic Investment. I frequently read Nanayam Vikatan, which is a publication owned by the Vikatan family, and I was impressed by their financial advice. My brother also suggested holistic investing, and he also got excellent financial advice. Holistic Investment follows a methodical approach that I really liked because they first fully understand our financial situation "As Is," which includes "Assets" and "Liabilities," as well as our short-, mid-, and long-term goals, on the basis of which they provide a detailed plan on how to achieve our goals for which they are recommending various investment options. Even in the investment advice, why do they suggest particular mutual funds and what is the justification behind it, which adds transparency to the client. One essential factor is that they are always available. Even if I needed to make some urgent financial decisions, they were very helpful and kind to answer my questions via phone calls, WhatsApp messages, and emails. I was very happy with their service. Periodic reviews are also crucial, even though I have forgotten that they occur once every three months, and I also intend to renew this year.
Mahesh S
Mahesh S
19. February, 2023.
I have availed Holistic investment service for last 1yr against my early retirement decision. they provided me comprehensive detailed report how to move ahead with my existing resources. moreover, they are available to me whenever i have any doubt.. highly recommend others to avail their service
Google rating score: 4.5 of 5,
based on 104 reviews

Google Reviews

Lingesh MMG
Lingesh MMG
20. September, 2023.
Na eppo tha financial goal la enna therunju kitta..enaku full support panna thuku thank you..🥰 friendly nalla pesuninga...
Ravi L
Ravi L
15. August, 2023.
Very knowledgeable and professional team, guided me with the precise financial solutions and timely suggestions.
Hardik Dave
Hardik Dave
5. July, 2023.
Holistic Investment is really nice and trust worthy financial planner. They plan things in realistic manner and also consider future dimensions of items also. They are always available for small or big queries, and also share knowledge and help you become more financial literate, and take right decisions in all financial matters.
Dr. Padmakar Wagh
Dr. Padmakar Wagh
27. June, 2023.
Mr Ramalingam who is the Director of Holistic investments has a excellent financial planning knowledge, the entire Holistic team has been very helpful in my financial planning journey and execution. This is my third year of financial planning with Holistic investments and so far I am satisfied with the progress I have made.
Binamra Dash
Binamra Dash
13. June, 2023.
Very knowledgeable team. Guided me properly with my concerns.
Murugan Bala
Murugan Bala
16. May, 2023.
I have been investing through Holistic for the past 4 years and my experience with them have been really good. The team of Rajan and Ramalingam doing excellent services in meeting my needs through proper guidance on investment options customized. Theya re always available on any specific needs time to time.I would recommend their services to my friends and colleagues too.
Neeraja R K
Neeraja R K
15. May, 2023.
Working with holistic investment planners was a really wonderful experience for me. For me the entire team had been very supportive in all ways. Their working strategy is well planned and methodical. They always keep me informed and updated about my investments, so that i can take informed decisions. The team first helps us understand the basics of investments, then they collect data, work with the data and then provide investments solutions according to our goals which i find it the best. Good luck to the entire team.
deepika kulkarni
deepika kulkarni
21. April, 2023.
We have availed holistic service from last couple of years and are very happy with our decision. Their systematic approach has helped us plan our finances and meet our goals. They provide very comprehensive and detail plan and resource management every 6 months which ensures we are on right track to achieve our goals. Rajan and Ramalingam from holistic are always there to help us with our queries. They have also accommodated any changes to our goals or resources mid year in a professional manner.
Ashook Panneerselvam
Ashook Panneerselvam
21. March, 2023.
For the past year, I have been interacting with Holistic Investment. I frequently read Nanayam Vikatan, which is a publication owned by the Vikatan family, and I was impressed by their financial advice. My brother also suggested holistic investing, and he also got excellent financial advice. Holistic Investment follows a methodical approach that I really liked because they first fully understand our financial situation "As Is," which includes "Assets" and "Liabilities," as well as our short-, mid-, and long-term goals, on the basis of which they provide a detailed plan on how to achieve our goals for which they are recommending various investment options. Even in the investment advice, why do they suggest particular mutual funds and what is the justification behind it, which adds transparency to the client. One essential factor is that they are always available. Even if I needed to make some urgent financial decisions, they were very helpful and kind to answer my questions via phone calls, WhatsApp messages, and emails. I was very happy with their service. Periodic reviews are also crucial, even though I have forgotten that they occur once every three months, and I also intend to renew this year.
Mahesh S
Mahesh S
19. February, 2023.
I have availed Holistic investment service for last 1yr against my early retirement decision. they provided me comprehensive detailed report how to move ahead with my existing resources. moreover, they are available to me whenever i have any doubt.. highly recommend others to avail their service
Google rating score: 4.5 of 5,
based on 104 reviews

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