Why People Fail In Financial Planning Despite Having Goals

By Hemanth | May 26, 2015

Here is the quaint tale of Singham, who thought he had done his bit for his personal financial planning when he identified his investment goals.

Only, he made his investment choices rather randomly. And, here’s how he ended up.

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And, here’s what he’d have ended up with if he had matched his investment choices with his goals.

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Although he would still fall short of his overall goal, he would end up making Rs 65 lakhs more than what he actually did by investing randomly. This is possible if you match investments more suited for longer term and those suited more for the shorter term, and invest accordingly.

 

YOU MAY ALSO WANT TO: Find out if your goals match your investments – SIP Calculator

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