(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)
When it comes to personal investment decisions, indecision takes over the process many a time... And the indecision is compounded by several factors like..
#1: Being extremely busy @ work:
# 2: Not being able to spend time on personal priorities.
Remember, your decision or indecision can impact your family's financial future. So have a focus on personal priorities.
# 3: Act of procrastination:
You gain nothing but loose a lot on procrastinating; more so in your personal investing. So never procrastinate...
# 4: Lack of expert guidance:
It is indeed a very genuine reason for indecision @ times. The question of who to rely on, for sorting out your personal investment strategy.
It's practically a difficult task to perform, with our careers getting extremely demanding; internet as a source of information is good @ times and very bad most times. The amount of information download makes it very difficult to arrive @ conclusive decisions.
And many more factors contributing to indecisions...
The above listed factors lead to indecision @ most times, and the cost and impact of indecision can be felt in very many ways, but crucially it can be felt in...
Inflation can play havoc if you remain indecisive:
Cost of premiums for health and life insurance, cost of children education, cost of retirement will be directly affected by rising inflation. If planned well, inflation can be tackled very effectively.
Power of compounding will help you, if you turn decisive:
Money is time, as demonstrated by Power of Compounding. If you allow money to grow over the time, the power of compounding rewards you with fabulous returns.
Now, it's your choice to turn decisive or not.......
Rely on the experts from Money Avenues to be more decisive on your personal investing.
(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)
Cost of indecision can be huge..for your financial future.
#1: Being extremely busy @ work:
Being busy @ work is a great thing, but that should not hamper the other priorities.
# 2: Not being able to spend time on personal priorities.
Remember, your decision or indecision can impact your family's financial future. So have a focus on personal priorities.
# 3: Act of procrastination:
# 4: Lack of expert guidance:
It is indeed a very genuine reason for indecision @ times. The question of who to rely on, for sorting out your personal investment strategy.
# 5: "I can do it myself" syndrome.
It's practically a difficult task to perform, with our careers getting extremely demanding; internet as a source of information is good @ times and very bad most times. The amount of information download makes it very difficult to arrive @ conclusive decisions.
And many more factors contributing to indecisions...
The above listed factors lead to indecision @ most times, and the cost and impact of indecision can be felt in very many ways, but crucially it can be felt in...
- In securing, your and your family's financial future.
- In your over all returns.
Inflation can play havoc if you remain indecisive:
Cost of premiums for health and life insurance, cost of children education, cost of retirement will be directly affected by rising inflation. If planned well, inflation can be tackled very effectively.
Power of compounding will help you, if you turn decisive:
Money is time, as demonstrated by Power of Compounding. If you allow money to grow over the time, the power of compounding rewards you with fabulous returns.
For eg., If one leaves Rs 1 lac in bank account for 20 years, he just gets Rs 2 lac in all, which is @ 3.5%. Alternatively, if he invests 1 lac @ 15% product, he gets close to Rs 17 lacs. In the first case, the investor is punished for his indecision by leaving it in a bank a/c. In the second case, the investor is rewarded by power of compounding for his intelligent investing.
Now, it's your choice to turn decisive or not.......
Rely on the experts from Money Avenues to be more decisive on your personal investing.
(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)
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