Portfolio Organizer Magazine | Financial Planning : Challenges before the Investors

Portfolio Organizer Magazine:

Financial Planning : Challenges before the Investors

Article Details

Pub. Date	:	March, 2007
Product Name	:	PORTFOLIO ORGANIZER
Product Type	:	PERSONAL FINANCE
Product Code	:	POPF10703
Author Name	:	Meenu Verma
Availability	:	YES
Subject/Domain	:	Finance
Download Format	:	PDF Format
No. of Pages	:	6

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Abstract

This article looks into the various reasons that lead people towards financial advisors, and the reasons that give financial advisors an edge over a layman while making investment decisions.

Description

A need, as defined by the Oxford dictionary, mens "a situation in which something is necessary or must be done". Needs Analysis is the process of identifying and evaluating needs. The most well-known theory of needs is populated in Abraham Maslow's hierarchy of needs theory. Maslow put forward that in every human being there exists a hierarchy of needs according to which he assesses them, which can be broadly categorized under the following heads.

In today's scenario, all these needs can be satisfied if a person has one essential thing in hand and that all important resource is money. Money has become the bedrock of satisfying ones needs and achieving ones goals in life.

Investing is an act of putting ones savings to task with a view to earn further wealth. Investing is not about putting all the money in a savings account nor is it about investing into the emerging blue chips, hoping to make it big. It's about taking reasonable risks to reap steady rewards. Two factors that decide the success with our savings and enable us to benefit from the risk-return trade off are patience and willingness to distribute evenly ones savings across a portfolio of securities customized to suit the risk appetite. Age can enhance revenues and protect against the adversities that may arise. Patience and the willingness to spread out ones savings across a portfolio of securities tailored to suit the age and risk appetite, can propel revenues and cushion against any major losses.

Keywords

Portfolio Organizer Magazine, Financial Planning, Oxford Dictionary, Financial Services, Tax Strategies, Financial Needs Analysis, Iinvestment Strategies, Corporate Bonds, Abraham Maslow's Hierarchy, Capital Appreciation, Financial Goals, Mutual Funds.