Self-medication and web-based diagnosis is something we all avoid.
Similarly when it comes to investment, we must take help of experts. This will optimize our investment results and will reduce volatility. Investment has multiple options, it has multiple possible combinations and the most important it is never been as simple as it looks.
You need advisor for below reasons.
He (or She) will understand your risk profile.
He will be able to segregate your goals in different timelines.
He will create be-spoke asset combination suitable to you.
He will be the one evaluating your assets from tax-angle too.
He will execute all your transactions.
He will monitor your transactions on your behalf.
He will re-balance your portfolios in frequent intervals.
He will provide consolidated report of your complete assets at regular intervals.
He will be the one who will help you for any changes or updatie required in your investment (Eg Nominee & Contact update, bank change, address change etc).
He is the one who will understand complexity of economic situation and will provide ideal solutions in those troubled period.
Last but important- in case of your death, he will help your family to transfer these assets and will advise on the tax angle of the same.
In short, we all need a personal advisor to our portfolio.
