Frequently Asked Questions

 
 
1. I have too little money. How can I save?
Financial planning is required when your goals are bigger than your possessed funds. Waiting for big fund accumulation to start planning is like living for today, without any plans for tomorrow.
 
2. Financial Planning is costly. Can I afford it?
It’s the same as refusing to consult a specialist doctor even when you are seriously ill. Constructing a financial plan is as important as getting the blue prints to build your home.
 
3.I only invest in Fixed Deposits. Why should I compromise safety of my capital?
Most of India’s domestic savings are heading to bank deposits. However with inflation soaring and interest being taxable, you need an avenue which enhance the value of your investments, even after Inflation and Tax. Remember, empty coffer when you are old and not capable to generate enough income to live is the most unsafe period for you.
 
4. Why should I not invest myself?
Some people have an inborn flair for numbers and are organized enough to keep regular track of all their investments. You may have emotions with certain investments which can hinder in taking right decisions. A financial planner has the requisite qualification, training and on-hand experience that a layman can only master to a small extent.
 
5.Why should I not trust on TIPS from reliable sources and my good neighbors?
You get tips of what to buy and when, but never to sell. And that is why you incur losses. Remember good things are not free in this world.
 
6. Why advisors not offer me freebies?
Expecting rebate is common among investors. If you try to squeeze the advisor, he/she will try to squeeze you in return by deploying your money differently, and not as per your need or requirement. So if you need quality advisor, you have to become quality investor. Remember, financial planner is charging you is indicating that he/she will take interest in the performance of your investments.
 
7. I don’t trust advisors. Where are trustworthy advisors?
If you lack trust, because of an awful experience previously, the mistake was probably made while hiring the advisor. Make sure you are choosing your advisor carefully enough. Remember you need to exercise the same care as you would while selecting your Life Partner, because relationship with a financial advisor potentially could extend beyond your life too for your family.
 
8. Why should I need advisor?
Education without a School or a Teacher is not possible. Similarly you always need a financial planner for your financial education & investments. There are many factors to consider such as financial goals, cash flow, risk taking ability etc. An advisor can recommend changes in investment pattern specifically for you. Without the help of good financial planner, there is a possibility that you may reach faster or you may not reach at all. Actually, you need to plan investments same way as you plan tours on long-holidays! Handing over what you can’t do best to an expert is an accepted norm.
 
9. When should I need a Financial Planner / Investment Advisor ?
Are you looking for someone who has financial knowledge, who is experienced, who can give you the right advice at the right time, which can dig your mind of exactly what you want and most importantly you can trust. Did you think about some of your relative, friend or neighbor to consult, and then give your mind a second thought? Does that person really has time to hear you with patience; will that person be accountable after any money mishaps? No! Because he has not given you any surety of anything and neither you have paid him. Then time has come to hire A FINANCIAL PLANNER / INVESTMENT ADVISOR who is qualified, trained by experts and have experience who knows which factor has to be taken in to account, who gives the right direction to your money, which can change your investments into gains, who will listen you patiently. THAT IS WHY YOU MUST HIRE SERVICES OFGROW RICH INVESTMENT PLUS” NOW INSTEAD OF REGRETING AFTERWARDS.
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