How to make the most of your Financial Advisor

As published in Telegraph on 21st September, 2016

1) Ask questions: Always ask questions when your financial advisor recommends to understand why should invest in the said Mutual Fund.

2) Evaluate the answers: Don’t just ask, but also look closely at the answers provided. Do they sound subjective? Double-check the data provided on the internet.

3) Don’t hide from your advisor: Indians are notoriously secretive when it comes to money matters. It’s good, but not with your advisor. Otherwise, your strategy may be faulty.

4) Be open about your limitations: Every investment strategy has to take into account your limitations. So, don’t hesitate to tell your advisor if and when you face any financial limitations.

5) Be flexible about options: Don’t trust too much or too little. The latter can make you quite rigid in your investment decisions. This can make you miss opportunities.

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