Partner With Us NRI

Open Free Demat Account Online with ICICIDIRECT

Why it makes sense to take expert guidance on your investment decisions

Let me begin this article by giving you all a real-life example of a fitness coach to help you understand the importance and role of a financial expert.

We all understand the importance of maintaining a healthy lifestyle and being fit. Despite a will to stay fit, we often fall out of our regime owing to several reasons like shortage of time, lack of discipline, or simply because we have insufficient knowledge about the means to achieve fitness. That is where the role of a fitness coach comes in. He ensures that you stay motivated and work tirelessly towards your goal. He regulates your diet, keeps an eye on your workout regime and regularly monitors your progress.

Just like a fitness coach, a financial expert or a financial advisor or an investment advisor (by whatever name you call them) helps you. He determines your investment goals, creates a balanced plan to meet those goals, keeps a check on your investment portfolio. He also ensures regular monitoring of your progress to ensure that it is aligned with your end goals.

Importance of expert guidance

Expert advice can make a significant difference between success and failure in your investment journey. An investment advisor can guide you on how, where and when to invest.

You may seek their advice on various investment related decisions such as identifying the right financial instrument to invest in, determining how much to invest, deciding on the correct allocation of assets, maintaining a balanced portfolio, and so much more.

Need of expert guidance in your investment decisions

Why do I need expert guidance when I can ask my friends and colleagues about their investment plans or read about investment planning on the web, where I will find plenty of information?

If you are thinking in the same direction, you need to know that investment planning does not follow a 'one size fits all’ approach. Everyone has a different financial goal, and hence the means to achieve these goals are also unique for every individual. An expert can identify the best plan for your needs and help you maximise your risk return trade off.

An expert specialises in providing investment advice. He has deep knowledge of different financial products and understands the nitty-gritty of various investment instruments. He ensures that you invest in the right opportunities for wealth creation while minimising risk to the lowest level.

Another benefit of taking expert guidance is that you save a lot of time and energy as you don't have to manage and monitor your portfolio regularly. Once you hire them, they take the responsibility off your shoulders so that you can concentrate on your other important tasks. You can also choose to connect digitally with your advisor to get expert advice. It will also save you time and helps you to manage the investments from the comfort of your space.

Things to consider when consulting an expert for investment advice

While you decide to take expert guidance for your investment decisions, there are few things that you must keep in mind.

  • Ensure that you consult an expert who has authentic credentials.
  • If you seek stock advisory from an expert, ensure that he is certified and registered with SEBI.
  • Check their past performance to establish trust.
  • Reading reviews of current and past users can give you a fair idea of their service.

Taking expert guidance is a personal choice. However, it helps you counter the roadblocks on your investment journey and lead towards the path of wealth creation.

Disclaimer: ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470.The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. The contents herein mentioned are solely for informational and educational purpose.

Most Popular

  • 13 May 2022
  • ICICI Securities

The Five-Point Financial Planning Checklist For Your Family

Whether you just got married or planning to have a baby or have dependents, you should have financial plans for every stage in your life to ensure a secured future for your family members. Here are five things you can do financially for your family.   

  • 12 May 2022
  • ICICI Securities

What is a Zero Coupon Bond?

You get fixed returns in the form of interest until maturity when you invest in a bond. Zero-coupon bonds work a little differently. In this article, find out what zero-coupon bonds are, their advantages and whether you should invest in them. 

  • 12 May 2022
  • ICICI Securities

What are Cross Currency Pairs?

The forex market is the largest financial market globally. Currency trading is a lucrative and booming business. While most currencies trading happens in relation to the US Dollar, some don’t. That forms the basis of cross currency pairs. Here’s what you need to know about it. 

  • 12 May 2022
  • ICICI Securities

Investing principles from Benjamin Graham: The Father of Value Investing

Benjamin Graham was a British born economist, professor, and investor who taught at Columbia University. He was also a mentor to some of the most famous investors of the 20th century, including Irving Khan, John Templeton, & Warren Buffett. Buffett called him "the second most influential figure in his life, only after my father". 

  • 12 May 2022
  • ICICI Securities

How to Invest in Nifty 50?

The Nifty 50 is the benchmark index of the National Stock Exchange. It represents the 50 largest companies listed in India. Investing in the Nifty 50 can be a good idea for those looking to make index-linked returns. Here’s how you can invest in the index. 

  • 12 May 2022
  • ICICI Securities

Investment philosophy of Cathie Wood: The most powerful woman on Wall Street

Catherine Duddy Wood, also called Cathie Wood, is an investor who primarily invests in disruptive technologies and is the founder, chief executive officer, and chief investment officer of ARK Investment Management, LLC, an investment management firm mostly active in the United States.

  • 11 May 2022
  • ICICI Securities

How to Use Technology to Improve Your Finances

Technology has made life simpler for everyone. In the realm of personal finance, technology has streamlined many processes—from budgeting to automating your payments. On National Technology Day, let’s look at how technology has transformed our finances. 

  • 11 May 2022
  • ICICI Securities

How to Invest in your Every Goal with Mutual Funds?

Each of us is unique. We have different needs and goals in life. Some of us can ride along swinging markets, while some may need a relatively conservative investment tool. 

  • 11 May 2022
  • ICICI Securities

Four Reasons Why Entrepreneurs should Invest in Equity Mutual Funds

Equity mutual funds provide growth opportunities not just for individual investors but also for entrepreneurs and corporates. They make excellent investments for anyone looking for wealth creation. This article will give you four reasons why businesspeople should consider investing in equity mutual funds.