Is There a Need for a Money Advisor?

#1
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although i take advise from a money advisor and i pay him the money as well for his advises
what you guys think shall we take help from them or not????????
 

Alchemist

Administrator
Staff member
#2
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although i take advise from a money advisor and i pay him the money as well for his advises
what you guys think shall we take help from them or not????????
Your advisor is as good as the amount of returns he can generate for you, at the end of the year.

If he can generate Rs 1 lac for you and takes away Rs 10000, then you can afford him.

If he generates 5000 and asks for a fees of Rs 10000, then get rid of him.:D.
 
#3
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although i take advise from a money advisor and i pay him the money as well for his advises
what you guys think shall we take help from them or not????????
It depends on how much knowledge and experience you have. There may be certain investments where do you not have adequate knowledge, hence taking the help of a money advisor is not bad at all in that case. However, if you are confident enough and are able to take good decisions then there is no need as you are only wasting your money in such a case.
 
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