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Online investments are the order of the day, and your financial consultants can guide you on how to operate them, saving valuable time and energy.
With the changing times the instruments we save in and the way we perceive investments have changed big time. And better understanding of the investment products have made us less vulnerable to the volatility in our investments. Traditionally your adviser would only share the return on your investments if you ask him for the details; or when the times were really rosy and he wanted you to invest more, he would willingly share the performance of your investments.
But today with a mature investor base and technological boom, it is easy for an investor to make and track investments and advisor to facilitate smooth transections and convenience of knowing the performance on a daily basis.
One can make online MF investments with almost all the mutual fund providers, either through their own online portal or through platforms specifically launched to facilitate investments into MF. This has also helped MF build a huge SIP base of Rs. 5000 Cr, which gets invested every month in MF by investors.
The future generation financial advisers and consultants promote self-sustaining, transparent, online investments and tools, which help them track their client portfolios regularly and also provide clients anytime access to view the same. So, the investments made with specific objectives can be easily tracked and any deviation can be monitored and reviewed to make necessary changes.
As, I always say every tool or facility comes with its own set of challenges. The online investments and tools would only work to your benefit if ideal fund selection as per your risk appetite and objective is done. If the same is not analysed and worked upon your investments would not give you the desired results. If the selection is as per the objective plan, one must stick to the same and also not make random redemption decisions; just because you have access to it. Many investors make online investments without proper understanding and end up making losses due to poor judgement and no guidance.
Also, No technology can overwrite the alpha your advisor adds to your portfolio. Make use of the advice given by your financial adviser/ consultant and make online investments, according to the objective and timeline defined in consultation with them; and consult them every time you face a query or wish to make changes. The new era also has many independent consultants who would only charge you for the advice and let you execute your own investments online, if you wish to.
So, the online tools are for you to use and gives you a true touch and feel; as you can actually know the value of your investments on a real time basis!
Published here earlier.
Image source: pixabay
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Hi, I am Shaily Shah; after a good stint of 14 years in corporate life,
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