Financial traps you should avoid
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Dipankar Jakharia
Contd from previous issue
A financial commitment made twenty or thirty years ago, when access to information and investment options was limited, may not be the best solution today. If you have inherited financial products or legacy investments, do not hesitate to review them.
Examine whether they still serve your current goals and, if necessary, rebalance or restructure them. Emotions may be attached to these assets, but preserving the emotion does not require preserving the product unchanged.
Adapting your finances to changing realities is a sign of wisdom, not disloyalty.
Likewise, when you pass assets to your own children, they should have the freedom to review, reshape, and optimise them according to the circumstances of their time. (To be contd)
Contd from previous issue
A financial commitment made twenty or thirty years ago, when access to information and investment options was limited, may not be the best solution today. If you have inherited financial products or legacy investments, do not hesitate to review them.
Examine whether they still serve your current goals and, if necessary, rebalance or restructure them. Emotions may be attached to these assets, but preserving the emotion does not require preserving the product unchanged.
Adapting your finances to changing realities is a sign of wisdom, not disloyalty.
Likewise, when you pass assets to your own children, they should have the freedom to review, reshape, and optimise them according to the circumstances of their time. (To be contd)