Financial Planning in short term is like a 100 m race
Financial planning for a short term is like a hundred meter race, where you have to achieve the maximum output in the shortest possible time. You cannot simply manage to lose your steam. A financial planner will call a short term loan by many names. He could call it day trading, unit investment trusts and what not. The financial jargon could be anything. There are a lot of short term investment choices in India.
Before hiring the services of a company
• You should first ask the name of the financial planning company.
• After you get to know the name of the financial planning company, you can confirm whether the company is a registered one.
• Then you should minutely ponder over the track record of the company. Whatever be the requirement, there are a lot of short term investment plans for everybody. You can choose from a lot of options.
Long term plans are like a marathon
Long term plans are like a marathon race. In a marathon, you need to save your energy for the last portion. Same goes for the long term investment plan. The results will yield after a long time. So you need to strategize a lot earlier and slowly execute the plan for the maximum benefit. Long term plans require a lot of planning and the constant services of a financial planner. The biggest advantage is the number of financial companies in India so there are a lot of products on offer. The real deal begins when you actually implement the plan finalized by your financial planner. Here also you follow the same procedure while ascertaining the financial planning services you have hired.