Facebook TwitterLinkedInYoutubewhatsapp Start Planning for your Financial goals
Schedule Your Free Consultation
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
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

  • Home
  • About Us
    • Who we are & What we do
    • Services
      • Financial Road Map
      • Retirement Roadmap
      • Asset Allocation Plan
      • Webinar
      • Money Management
      • Wealth Management
    • In the Media
    • Testimonials
    • What Makes Us Different
    • How we can help you
    • Specialties
    • Honors and Awards
    • Vision & Mission
  • Resources
    • Blog
    • Articles
    • Podcast
  • Ideal Client
  • Contact Us
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
 
service_banner

Reader Interactions

Previous article: How much life insurance cover you need?
Next article: How the Investor can maximize VALUE of his Investments?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Client Login

Recent Posts

  • How to Become a Crorepati by just Investing Rs. 10000 per month?
  • How to invest in Mutual funds without losing a single rupee?
  • Chit Funds vs Mutual Funds: Which is better to invest in the long run?
  • Max Life Flexi Wealth Plus: Review (2023) – Should you buy?
  • LIC Dhan Varsha Insurance Plan: Complete Analysis & Review – Should you buy? 
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

Footer

  • Articles
  • Gallery
  • Ideal Client
  • Jobs(Full Time)
  • Podcast
  • Services
  • Testimonials

Connect With Us

Holisticinvestment.in
10/15, Second Cross Street,
Seethammal Extn.,
Teynampet,
Chennai – 600 018,
INDIA.

Copyright © 2022. Holisticinvestment.in | All rights reserved.    Cared with ❤ by T-Square Cloud

×