My friend was having hair loss problems.
One of his other friends suggested an ayurvedic oil to apply regularly.
But it didn’t help.
An Instagram influencer suggested a serum on alternate days.
That didn’t help.
A store manager recommended their brand’s new oil & shampoo that is the solution to all the hair loss problems.
That also didn’t help.
Exhausted by all the options, he decided to speak to a doctor.
Soon after the doctor’s consultation, the prescription started showing results.
Why?
Because doctor recommended
– What is suitable for their skin type
– How much needs to be applied
– What should be the frequency of the application
– For how long to keep the solution on the hair
– Some diet changes
A similar situation is with many people in the area of investments.
Many investors pick up stocks/mutual funds suggested by a friend, colleague, financial influencers, and other media sources.
What they fail to understand is the ad-hoc investments they are making
– May not be suitable for their risk and return objective
– No proper portfolio structuring with scientific allocation to different investments
– Not much idea regarding the period for holding the investments
– Inability to get behavioral finance coaching to maintain discipline during market turbulence
The way a doctor can offer professional & customized advice by looking at your physical health situation, a fee-only investment advisor does the same with your financial health.
It’s always better to consult a doctor sooner than later as it could be damaging to your physical health.
A fee-only financial advisor sets you in the right direction to avoid damage to your financial health.
Why lose your hair to financial stress?
Originally posted on LinkedIn: www.linkedin.com
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