Assess your advisor on long-term performance

If you assess your advisor on short-term returns, he will use riskier products to generate them, which could result in losses

Topics
Equity investment | Investors | Returns

Harsh Roongta 

Harsh Roongta

“I know you cannot guarantee returns, but can you give me an estimate of the returns I can expect?” I get this question from many prospective clients while exploring the chances of working together. This is such a contradiction.

They know that results cannot be guaranteed but still want to press for a milestone they can use later to evaluate performance. This is much like a young player asking a sports academy head: “I know you cannot guarantee it, but how many wickets do you think I will be able to take after getting coached at your academy?” How does the ...

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First Published: Sun, July 11 2021. 20:55 IST
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