Seat belt pehni Kya!!

Seat belt pehni Kya!!

As soon as we settle down in a flight Airhostess starts safety demonstration. Does that mean flight is going to crash.

Does wearing a seat belt or helmet assures that we won't have injuries in case  of accident.

No but certainly it will help to avoid severe injuries.

Financial planners are actually seat belt or life jacket for the clients, who ensures that during a accident(sudden change in behavior of asset classes) your goals Don't have severe injuries.

They would ensure that your goal funding is safe in Black box which gets unaffected even if flight crashes.

The most important part of financial planning process is selection of a competent financial planner.

Concentrate on average not maximum

We always plan our road trip timings considering average speed.

There would be a stretch on which we may accelerate at 130-150 kmph and undoubtedly a roughy or crowded patch where we won't be able to exceed even 20-30 kmph, Unless driving on a formula 1 track.

So during our journey we will be moving somewhere in between the lower and upper band. Does that mean we should try and accelerate even on roughy patch at a speed of 100. Obviously NO

Then why we want to drive our investments either in top or first gear only. It is dangerous for our future to drive throughout financial journey only in extreme gears.

Why is it that if we are investing in Equities we try to chase best performing stock or mutual fund and keep playing with our money in shifting from  one to other. Remember data only shows past performance and *past performance is not guarantee of future.*

So this weekend decide average speed required to achieve your financial goals which will help you to avoid unnecessary diversions. It will minimise risk and make you reach destination safely in time.

Happy weekend!!

SPEED or DIRECTION !!

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

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.

Regards,
Raj Talati

Invited as "Guest of honor and Speaker" at "Parul University - Management faculty"

Invited as "Guest of honor and Speaker" at "Parul University - Management faculty" during inauguration of their 2 days annual event "Arize".
Took a session on
"Importance of financial planning for today's youth"

Investor Meet - "Secret of Wealth Creation"