DIY means Do-It-Yourself. But the question in many people is “Why shouldn’t I manage my investments myself without any help?”
So, what exactly do they do while doing it themselves?
1. Relying upon Family and Friends
Oh yes! When umpteen other people have followed a strategy, why shouldn’t I follow the same strategy despite the risk of losing money? This is the faulty thinking of most people. Each person is unique and so are his financial conditions. Mr. X is planning for retirement planning while Mr. Y would be planning for his sons/daughters higher education. On the other hand you would be saving for buying a new house! See the difference? What works for X may not work for Y and what works for Y might not work for you. What works for you will not work for X. Relying upon friends and family for financial advises isn’t a good idea and you should refrain from doing it. [Get Personalized Advice On Retirement Planning Visit]
2. Online brokers
Not only is this worse than contacting a real financial adviser face to face, citing the reasons people give for not consulting them, but also this is an easy way to lose money! A person who sits face to face with you will be able to decide, at least to a certain extent, what suits you and what doesn’t. Such a person will be in a position to cautions you when you seem to be going somewhere which isn’t for you. He/she will be able to recommend a better alternative for you. Online brokers, on the other hand, look ONLY for commission. This means they don’t care whether a particular investment suits you or not. Neither can they find what’s best for you nor will they do so. This is the riskiest option you can select. [Get Personalized Advice On Financial Planning Visit]
Moneymindz, India’s First On-call Financial Advisory has a reliable Robo-adviser whose name is Kuber Mindz. Not only are Robo-advisers growing in popularity due to the fact that they know where each individual should invest for better returns but are also friendly and unbiased. You can joyfully trust Kuber Mindz Latest Financial Adviser In India from the comfort of your house even as you are binge watching your favorite series! The Best Financial advice which is unique to your needs and circumstances will be provided to you after you explain your problems. He is friendly and calm. Solutions aren’t based on falsehood and prejudices. You don’t have to be a particular age to contact him and he will gladly address your problems and give you proper solutions. You can access him by simply visiting www.moneymindz.com. All this for free!
For further info visit www.moneymindz.com or give a missed call to 022-62116588.