DOUBTS AND QUESTIONS !

I Guess its not just me who have this question or doubt or query regarding Investment or any decision making process.

the First and foremost question we ask ourselves in order to approach any new Decisoin making is –

1-how fast my work will be done? or who can do it faster?

2- But if that guy or entity makes my work easier then how much more will they charge (FEES)?

3- should i keep an extra option if this guy or entity fails to do or accept my work?

what do we observe from these questions that the foremost primary thinking of our mind is to be dependent on others for their Decision and later to play the blame game( We humans are expert at that for sure).

in this article i will share you how i approach to my decision making regarding finance and you can replace the word finance with any other filed or approach you are about to make!

I personally Believe that rather then playing the blame game if one continues to Understand accepts their responsibility and hold Themselves Accountable then the complex game ( work or the approach You re About to make) Becomes much easier and one may get the best possible way to get out of the situation.

I will share my Decision making process on investment as -“ how one should approach towards an investment” and answering its alternative questions, you can leave the blog here if you feel its not for You but for the one who is willing to learn i urge them to go through it Once.

IS IT OKAY TO ASK A THIRD PARTY?

well if a salaried individual or self employed is planning to move forward for investment what Should be an appropriate way for that person to Approach decision making –

1- Definitely approach a SEBI registered investment Advisor ( IA ) and in majority of case the advisor will be someone who Haven’t done any Investment or Don’t have any Financial planning of their own, but they have a fake registered Prove that they know more than normal people but yet they Can’t generate any return.

Any ways you can always ask a SEBI registered person as i am not Against them i am just Against the biased mindset of SEBI registered people, definitely you can say that reduces the Fraudulent cases for sure , but that too amplifies the The Risk of Fraudulent or losing money in huge turn around.

Well its been said that “no academic degree can make you successful in markets“.

2- a chattered accountant (CA)– people in india Generally migrates towards CA certified people as they understand more about finances then regular people so they reach out to them for Tax filings and ask them for investment advice that can turn out to become a serious problem because Majority of the times the CA certified planner has not Invested in the asset allocation that you had.

well i am not Against CA but the point is anyone you take advice from make sure the person is just not certified but has done the investment himself as well.

3- watching a youtube Fin-fluencer – again you don’t know that what that guy is saying in youtube is perfect and can be acceptable at once.

“MY DUTY IS NOT TO BRING THE SCENARIO OF DOUBT WITH EVERY THIRD PARTY YOU TALK TO, RATHER TO BRING IN THE CONSCIOUSNESS OF THINKING WITHIN YOURSELF AND EXAMINING AND HAVING A CLARITY OF YOUR OWN RESEARCH BEFORE INVESTING YOUR MONEY”

HOW SHOULD A PERSON APPROACH TOWARDS THEIR DEFINITE GOAL-

my simple approach is that Don’t be biased Because your IA or CA or your favourite influencer said something or advised you something to invest on.

Its your sole duty to do Research by using AI also by asking Investment advisor or CA or Youtube influencer.

what i do is —

• READ BOOKS
• HAVE QUESTIONS , NOTE THEM DOWN!
• DO MORE RESEARCH ON THEM VIA INTERNET.
• LEARN TO USE AI A LOT MORE THEN YOU USE ANY OTHER APP IN MOBILE OR LAPTOP
• GATHER MORE CONFLICTING THOUGHTS AND QUESTIONS-
• SOLVE THEM- YOU WILL GET THE RIGHT PATH FOR SURE AND THAT IS THE WAY.

Well if you still feel bad about it that how can i be right ? or no great person has ever been wrong then i would urge you to see this video that after so much intense work throughout life these people have reached their limits and yet They are debating and they can be wrong.

so what do we learn is that its okay to be wrong that is the only way how you grow, majority of Peoples Don’t want to be wrong and as a result they Don’t learn anything new.

Since you are reading till here, you do want to change the dimension of your Research and focus on not being too biased just learn and grow, there is no end to it.