Which Investor category you belong to..

Investoshashtra!!!📜📜📜
ईन्वेस्टोशाष्त्र!!!📜📜📜

According to a Chinese proverb there are 4 categories of people :

1)He who *knows*, and *knows* he knows, he is *a wise man*

2)He who *knows*, and *knows not* he knows, he is *asleep*

3)He who *knows not*, and *knows* he doesn't know, he is *a child*

4)He who *knows not*, and *knows not* that he doesn't know, he is *a fool*

The problem is percentage of people doubles as you move up the hierarchy and  more than 80% fall in final 2 categories.

In financial world, most of the time initial investment success makes investor's overconfident and tends to believe that they belong to category 1😊😊. But by the time they realize that actually they belonged to category 4, it's too late.😪😪

Frankly most of so called _*"Experts"*_ also don't fall in category 1 as it requires regular upscaling of knowledge and skills to maintain that spot.

Investors in category 2 or 3 are at lesser risk, as good professional advisor can help and ensure that their financial goals are met.

Irony is majority of investors fall in category 4 and they are ignorant about it. I pray to God to watchover and protect them.

Have a wonderful weekend...

Inheriting Wealth or Mess

Investoshashtra !!!📜📜📜
ईन्वेस्टोशाष्त्र !!!📜📜📜

When we born we were like tender flower.But in zest of living life unknowingly we accumulate so much of trash (for others) which becomes difficult to manage for next generation.

Recently, I come across couple of cases where children's have settled down abroad and parents are no more. 

Parents had bank account with multiple banks, investments in all possible instruments like LIC, Bank FD, Postal Schemes,MF,Shares, SCSS etc etc.. and cherry on the top had several real estate.

Misery is now kids themselves doesn't know about what they have inherited whether it is a wealth or mess.

More than grief of losing parents they are worried about sorting out this mess in little time they have.

In Gujarat this is the story of most of the  families and will grow bigger as migration of next generation is increasing more and more.

So if you are one of such parents try consolidating holdings and limit it to financial assets as you grow older, which will ease transmission. 

Most important - Create will. If you fail to do so you become a reason for dispute amongst your own children's who had harmonious relationship when you were alive.

Try and *inherit memories, values together with wealth, but not the mess.*

Featured on Wealthforum

Important message for all advisors

Raj Talati, ABM Investments, Vadodara

24th February 2016

In a nutshell

Raj recently conducted an IFA workshop for VIFAA - Vadodara's IFA Association, in which he played a 4 minute audio clip at the beginning of his session.

In RJ Naved style, Raj highlights the responsibility that every IFA shoulders, of making their clients' dreams and aspirations turn into a happy reality rather than a bad nightmare.

Raj's message at the end of this 4 minute clip is a timely reminder to all advisors to act responsibly and judiciously - he urges you to internalize that your clients have entrusted their dreams and aspirations to you, in good faith.

http://wealthforumezine.net/Advisorspeak240216.html#.VtZy2KDhXqB