The term “hard earned money” speaks a lot about the hard work, passion and talent of the person who earned it.
However, the art does not lie in blindly making money, but in keeping it and learning how to track it.
You probably can’t find someone better than yourself to take care of your money – provided time and sound financial knowledge is at hand.
In today’s busy world with demanding jobs, time is fast running out. Even if you did get some free time to manage your finances, the sheer amount of knowledge and expertise required to do so is mind boggling, especially in uncertain times like today. There are policy directives by the government and the RBI, similar moves by governments and banks elsewhere on one side and then there are events pertaining to the general economy at large and industry and company news on the other. All of which could affect you and your savings. Further more, your options for investments are increasing day by day across different asset classes and countries, and with varying risk-return profiles. You need to be aware of all of this, but more importantly, you should understand their effect on your finances to be able to interpret and react timely.
Hence in these outsourcing times, it makes sense to have a professional take care of your money to ensure that your money works best for you and earns you the most optimum return with a risk you are willing to take. This professional should have sound knowledge and the expertise to track and monitor every facet – micro and macro that could affect your money and take proactive action.
A professional who understands what your goals and needs are, what your family dynamics are and most importantly who understands YOU – and therefore pushes you when you are simply procrastinating, or pulls you back if you are getting carried away by a bull run for example, thus always keeping YOUR interests foremost.
A professional whose reputation is that of ethics and integrity.
This is why you need a financial planner – to take your money worries away and leave you free to enjoy life with a sense of relief that your money is being well looked after.
For InvestmentYogi by Lovaii Navlakhi, Chairman, International Money Matters