Why You Don’t Need a Financial Advisors

It is one of the misconceptions that you require financial advisory in order to grab good investment opportunities. Who needs a financial advisors when you yourself can become capable of handling your finances and investments? In this blog here, we will try to bust the myth of having a necessity to hire a financial advisor.

You might sometimes feel a need for a financial advisor to keep your investments balanced in different sectors. But that’s not how problems are solved, a lifelong learning is required to grow your finances and generate good wealth. Let us try to look at some of the reasons why you don’t need a financial advisor.

I would like to draw your attention towards a key fact before diving deep into the blog.

Fact: From a study, it has been ascertained that individuals prefer independence in their financial decisions, they are reluctant, there is no perceived need for a financial advisor, lack of time to research for perfect financial advisors who can meet consumer’s demand which is the reason that most of the individuals does not prefer hiring a financial advisor.

Who is a Financial Advisor?

A financial advisor is responsible for managing your finances and investments by investing into the stock market. A financial advisor charges a commission fee to keep your portfolio managed and creates your wealth.

However, the advisor never ensures or guarantees about your portfolio growth. Somehow, you are solely responsible for your money and investments. You have to pay your financial advisor regardless of any negatives in your portfolio. So it is essential for you to gain financial literacy and handle your money.

Investing will create more money

Investment is the best source of income and provides maximum security. As a beginner or a fearful investor, you can invest the amount in the safest option that is the large cap stocks that comes under the Index. The amount remains secured and protected, moreover, it will always yield higher returns than paying a financial advisor for advice.

An individual can have advanced strategies for investments instead of seeking help from financial advisors. When you invest based on risks and strategies, it keeps your confidence high rather than depending on financial advisors.

Financial Advisors don’t Regulate the Market

The job of a financial advisor is to coach and counsel; they are not responsible for beating the market. The primary job of financial advisors is to guide you through tough times and help you not to make emotional decisions. You just pay for the emotional services that you get from the financial advisors as they can play the least role to grow your portfolio.

Financial advisors also play in the market based on their fundamental or technical understanding. It might sound negative in some way but advisors pursue advisory for their bread and butter as most of us. So you are never in need of one, instead gain experience and take your own risks of investments.

Financial Advisory Fees is constant and recurring

You have to pay the financial advisory even if you are not able to gain profits. The charges of financial advisory are not based on the returns, you are eligible to pay the fees even if they end up making losses from your capital.

Keeping your money under someone’s management can be a great concern and get you exposed towards unnecessary risks and expenses to your investments and strategies. It is  much better and safer to keep your money protected with such risks and invest based on your own strategies and market experience instead of depending on the advisors.

Lack of Transparency

When financial advisors undertake the activity of investments, sometimes they do not reveal all the fees, commissions and other forms of compensation received by them. Many information remains disclosed to the clients due to which they do not fully understand the costs and potential biases made by the financial advisors.

Managing finances on your own aligns well with your financial goals and investment journey. It helps you meet your personal values, goals and risk tolerance.

Learn how to Invest

Instead of paying huge fees of financial advisors, you can learn how to invest in the stock market and gain multiplied in a short time period. As long as you are ready to commit your time towards learning the stock market, you can gain double digit returns and even more without any financial advice.

But the question must be where and how should I start? Don’t worry, we have got you covered.

Demand and supply is the basic stock market theory which signifies buying and selling pressure in the securities. You can learn all about the stock market from GTF Trading in the Zone course.

Master Technical Analysis

Learning the stock market and investment have been made way easier by GTF, a stock market institute. Learn how and where to place entries to grab the best investment opportunities based on your own understanding. This is an exceptional course that helps you master the technical skills and manage your finances instead of hiring a financial advisor.

Conclusion

In the end, we can conclude that  to make your investments secure and generate capital over a long term, learning stock market and technical analysis is a way better option instead of spending the hard earned money on financial advisory. GTF is entirely committed towards the financial growth of each individual with a reason for which the Trading In The Zone course has been established by Arun Singh Tanwar and Sooraj Singh Gurjar to help individuals achieve financial independence.

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