The errors that investors are prone to make.

The errors that investors are prone to make.

Having no measurable goals: Investors must know what they want and set realistic and quantifiable financial objectives before the adviser.

Confusing financial planning with tax planning: There's more to your portfolio than just tax-saving. A good planner will help you meet your life's goals without compromising on your lifestyle.

Expecting unrealistic returns: A financial planner is not a magician and can't guarantee high returns. If a planner promises sky-high returns, tread cautiously.

Investing, not planning: People confuse financial planning with investing. Remember, investment is only one of the components of a good financial plan.

Believing that financial plans are for the wealthy: Anyone with long-term financial goals should ideally use the help a financial planner.

Using a one-time financial plan: You have to keep an eye on your plan and ensure that your planner updates it and reviews it periodically.

A very informative article published in sify “How to choose the right adviser “ Read complete article.