Investing Principle #4: Investing Is Hard – Get Help From A Trusted Advisor

Read on to find out the benefits of getting help from a trusted financial advisor as it will help you to achieve your life goals
29 May 2020
Investing Principle #4 – Investing Is Hard – Get Help From A Trusted Advisor

Read on to find out the benefits of getting help from a trusted financial advisor

When you are physically unwell

When you feel unwell, you have two options.

  1. You can either see a doctor; or
  2. You can self-medicate

In the first case, you are assured of the right diagnosis and are prescribed proper medication, follow-ups, and an MC.

In the second case, you would most likely take medicine to reduce the symptoms e.g. fever, cough, hoping that it would also heal you of the underlying issues. In most cases, water and plenty of rest usually does the trick…

But sometimes the root issues run deeper, and it is just too difficult or dangerous to figure it out on your own.

When you are financially unwell

This is the same when it comes to our financial health and investing. Instead of trying to fiddle around, work things out on your own, and suffer the uncertainty of whether you are doing it right, get help from a financial doctor.

Your financial doctor, aka financial advisor, will offer you the following benefits:

benefits of having a trusted advisor in singapore

Choosing a financial advisor is one of the most important decisions you can make as it will determine your views about money and the journey you will take to achieve your life goals. So choose wisely!

This series is adapted from the book, 27 Principles Every Investor Should Know, written by Steven J. Atkinson. Read the rest of the principles:

Share this

More Articles From MoneyOwl

Stay informed on our latest updates and happenings.

Where do we find a high probability of acceptable returns? Our CEO and Chief Investment Officer Chuin Ting Weber shares her thoughts on taking a bet on high payoffs with low probabilities versus investing for a high likelihood of acceptable returns.
1 Feb 2023

Financial Planning

Instead of saving your child's hong bao money in the bank, why not help them invest their funds? We share how you can give your child a financial headstart in life.
30 Jan 2023

Financial Planning

Our CEO and Chief Investment Officer, Chuin Ting Weber, reflects on 2022’s market challenges and shares how consistency is key to portfolio resilience, and growth in the long run.
20 Jan 2023

CIO Letter