Thread by @ithoughtplan

If you ever wondered...

"Do I need a Financial Advisor?"

...this thread can help you decide!

Read on! (1/n)

#financialadvisor #financialplanning #financialgoals #personalfinance #thread

Before we begin, reflect on these two questions...

When choosing between two similar investment options, have you ever wondered which one you should pick?

Ever wondered if an #insurance policy could protect your family or if it was just bells and whistles? (2/n)

#investing

These are the exact situations in which a Financial Advisor can help do away with uncertainty and help you make the right choices for YOU!

Here are 4 ways how a Financial Advisor can help: (3/n)

#financialadvisor #financialplanning #personalfinance

#1 The Ups & Downs

A good advisor stays by your side through #market ups & downs. They ensure you invest when the time is right, stay consistent and show conviction through tough times.

This is one of the most underrated aspects of having a good #financialadvisor. (4/n)

#2 Goal-based Investing

Investing towards your goals should form the basis of a Financial Plan. A good advisor can help you plan out your goals and investments in such a way that they complement each other. (5/n)

#financialgoals #financialplanning #investing #savings

Pairing a short-term goal with a longer-term investment can often lead to a bad outcome.

For example, parking your emergency corpus in equity instruments can lead to possible capital erosion when you try to withdraw at the time of an emergency. (6/n)

#emergencyfunds #equity

#3 Curtailing Mistakes

Making fewer mistakes in your wealth creation process can often become much more important than achieving a higher rate of return on your investments. (7/n)

#wealthcreation #investing #personalfinance

A classic example of this is locking your money in costly money-back or endowment policies which often result in a return of only 4%-5%, and doesn't provide sufficient insurance coverage. (8/n)

#insurance #personalfinance

#4 Emotional Decisions

As human beings, we are all prone to emotional decisions which could often hamper our other #financialplans & decisions.

A good #financialadvisor can help you analyse these decisions from an objective standpoint before going ahead with the decision. (9/n)

A decision such as buying a house is a big-ticket decision. Finding the right combination of funding is important. You don't want to end up locking all your capital in an illiquid asset like real estate, especially before retirement. (10/n)

#retirementplanning #savings

A good financial advisor not only provides valuable advice but most importantly, can help you ride through market volatility with a sense of confidence, thus enabling you to create wealth! (11/n)

#financialadvisor #volatility #wealthcreation

If you find this thread useful, retweet it and help us reach more people like you. (12/n)

#financialplanning #financialfreedom #financialgoals #investing #savings #financialadvisor #personalfinance

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