Seek the help of an adviser to make decisions

K. ARAVIND

Most people would like to seek the help of an adviser for investment planning. Portfolios managed by advisers offer better performance than self-managed portfolios. But if you only include fixed deposits and index funds in your portfolio, an advisor has nothing to do with maximizing returns. But he can do something else. It is to train your nature.

Such a service will help you make the right investment decisions and avoid making decisions that could affect your financial health. The important thing is to make the right decisions that affect the profit and loss of the portfolio. You can also seek the help of an advisor.

Under what circumstances can an adviser help you make decisions? For example, suppose you and your spouse have different opinions on how to invest. In such a case the help of an adviser can be sought to avoid a dispute. The advice of an advisor can help keep financial matters from affecting your personal relationships.

An adviser can also avoid making decisions based on quick impressions. If you feel compelled to buy or sell shares or equity fund units when the market falls or rises by 10 per cent, you should seek the advice of an adviser before making a decision. There can sometimes be a feeling of making a profit based on the feeling that the stock market is falling. But is it right to withdraw the investment now if it has been made for the educational needs of the children years later? When such questions arise on their own, they can be discussed with the adviser.

Some people have a tendency to procrastinate. Those who procrastinate their investment may decide on the basis of the advice of an adviser whether it is the right course of action.

Controlling emotions is not always possible for many as an investor. You may not have the intention of making an immediate profit while investing. But when you start making a profit, you may be tempted to make a profit immediately, fearing that it will be lost. In such cases you can seek the help of an adviser.

The services of a professional may not always be available in decision making. In such cases, you can seek the advice of your spouse or friend. Decisions can be made through discussion based on certain pre-determined rules.