Dear friends ,
There is a big correlation in traveling and financial planning. I will use this analogy in Investoshashtra broadcast for next few weeks.
*SPEED or DIRECTION* - What is more important??
Whenever I ask this question during my presentations, majority of audience reply speed.
Actually, right *direction* is more important to reach our destination.
Even if we drive with full throttle, one wrong turn and will end up nowhere.
In financial planning most of the time investors concentrate on returns (speed) instead of where they want to reach-Goal(direction).
This weekend decide your direction right, speed could be managed afterwards to reach destination.
Have a rocking weekend.