In the time of crisis, you might have heard from some of the top asset management companies in India that many investors are panic selling as the markets are going down and also the investors are in a way losing their patience at this time of the crisis. There is also a school of investors who chose to not sell their shares as it also formed a major part of their assets and even reaped high benefits over a long period of time. However, it is important to note that the difference between these two types of investors is not just about the difference in the level of patience, but mostly also about the guidance that they might be receiving from their wealth or asset manager.
It has however, always been reiterated that
when the markets are down, it is actually the best time to buy those shares
because they are available are a lower or a cheaper rate and it will only see a
growth in the future.
Unfortunately, however, not all wealth or
asset managers are always capable of making their clients understand this
concept. When this happens, then the investor ultimately looses out on the
profits that they were going to gain had they got the proper guidance for the
same. This then brings us to the main point of the blog, of having a good
wealth manager. A wealth manager is not just someone who managers your account
but also someone who plans out and strategizes the growth of your wealth for
you. He or she needs to also make you aware of the different concepts such as
ESG funds, long
shorts funds in India, different kinds of mutual funds, and so on. They
need to inform and educate you about what actually is best for your financial
portfolio and even disadvantages of the rest.
No comments:
Post a Comment