I am in a mood to do a lot of True of False posts…hoping to get a better reader involvement!! It also helps that I need not sit and compose…i can write somethings at random and force you to think (I hope). Here are somethings that you may hear from a Financial planner (or may not)..so here it is:
1. A good financial planner should be able to improve the alpha in your portfolio.
2. The more a financial planner charges the better is the quality of his planning.
3. As life has got complicated financially you need a financial planner.
4. All financial planners have a well written down financial plan – created by A DIFFERENT PLANNER.
5. Most financial planners know fund management, taxation, personal finance, and enough law to make a will.
6. The bigger the written financial plan, the better it is for you.
7. A qualified financial planner knows more than an unqualified financial planner.
8. An IFA is not capable of creating a financial plan for you.
9. Your CA who files your IT returns is capable of making a good financial plan.
10. You are not capable to create your own financial plan.
11. A financial planner earns his fees only from you.
12. There is no conflict of interest in case of a fee only financial planner.
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