Investment Adviser

Investing for children: Buy house or opt for MFs?

Meera, a high flying corporate executive, was bent on using the money earned from her ESOPs to buy a second house as an investment which could be passed on to her children later. Her spouse Karan was against it as it would mean postponing their retirement plan. Harsh’s article in Business Standard on how Karan and Harsh managed to convince Meera to invest the money into financial assets instead. “You do not buy a cow today just because you may need milk years later. You make sure you have the money to buy the cow should you require it later” was one of the arguments that helped to convince Meera.

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Win or endure? Choose advisor based on goal

A good coach who is coaching you to complete the marathon (not win it) may appear counter intuitive by asking you not be happy about the quick completion of a 10 km practise run quickly or be dejected because you got breatheless when you navigated a uphill stretch during another practise stretch. The coach may instead ask you to concentrate on the speed at which the heart rate returns to normal after the practise run. Similarly an Investment advisory coach helps you ignore the short term gains or losses while working out the right metric to monitor while completing your exercise. Harsh’s article in todays Business Standard on “Why to have a coach who does not help you win”.

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