MasterMind : Art of Advising

What a shopping mall teaches us on investing intelligently

Rajesh Hattangady, THiiNK Financial Planners, Thane

In a nutshell

Art of Advising is a new series within MasterMind, which puts a spotlight on a novel way of client communication that a highly innovative advisor uses - charcoal sketches. Rajesh Hattangady combines his left brain understanding of markets with his right brain artistic flair to produce simple charcoal sketches that drive home important messages to clients that words perhaps cannot.

The first set of charcoal sketches within Art of Advising feature Rajesh's messages on dealing with fear of market volatility - which is the biggest stumbling block that prevents successful savers from becoming successful investors.

Sale

Not so long ago, Sale used to be a GRAND annual affair. Nothing short of being coined as melas of sorts. Over the years the mela melee has become a regular feature. Seconds sale, offseason, end of season, saal ke 3 saaste din and not to forget the online sales are some of the innovative marketing and sales gimmicks one is accustomed to and the trick list just keeps adding up. One seldom comes across any day where a "sale tag" not being displayed. It's a no brainer today for the shopper to buy things assumed to be cheaper than the regular days.

While we tend to hoard stuff on assumption of they being cheaper, why then does it become difficult for us to buy into good quality stocks or investments during times of sale (downturn in the stock exchange)? Isn't it time to stick our neck out and lap up those quality investments? Isn't it time we grab all of these opportunities and hold on. Believe me this hoarding habit is a good habit to have!

Coming up next on Art of Advising: Are you the next Nostradamus to predict markets?

Check out the previous sketches in the Art of Advising series:

ECG : (Click Here)

Share this article