The sudden outbreak of the novel coronavirus has caused unprecedented market volatility around the globe. Under the current economic crunch, several retail investors across the world have failed to make the most suitable monetary judgment despite their years of investing experience. That is where the role of a certified financial planner in Kolkata comes into the picture. Is it beneficial to consult a certified financial planner to help you sail through the current economic uncertainty? Recently, there has been much speculation around the question. After careful consideration of the current economic situations around the world, the in-house experts at Paisa Invest have taken upon themselves to find out a suitable and reliable answer to the above-stated question and help their clients make the most beneficial financial decision for themselves.
Why should you consult a certified financial planner in Kolkata during COVID-19?
Lack of expertise and time to manage finances: The economic crisis posed by the current pandemic situation demands a tried and tested attitude to mitigate the financial crunch. An individual needs to make an informed decision by properly analysing the pros and cons of each financial move to ensure their economic safety down the line. With people losing their jobs, no one has the time to invest in other things rather than enhancing their skills to open more possibilities for income. Here is where a certified financial planner can be of great help to such individuals.
Chances of committing financial mistakes: Crisis often leads to panic reactions. The statement stands more accurate in the current scenario, where most of us are digging up their savings to meet the present needs or are opting for loans without considering their repaying capacities. While doing so, we are robbing ourselves of future financial stability or more. A certified financial planner can help us to find alternative ways of meeting our current needs without jeopardising our future economic well-being.
Lack of planning skills: Planning is the most significant step in overcoming a crisis. Most of us have failed to do so, which is why the sudden outbreak of the novel coronavirus has abrupted our lives. However, it is not late yet. A certified financial planner can help us plan and manage our expenses and savings, apart from investments in the most efficient way to not just help us sail through the current financial crisis but also to protect ourselves from future unforeseen happenings.
Need to risk-prove your finances: The ongoing pandemic situation has affected the stock market. That has additionally resulted in the many losses for those investors who failed to protect their finances against such unforeseen risks as investment markets recoil. A certified financial planner will help you risk-prove your finances by empowering you with various insurances to protect your health, wealth and economic well-being in times of sudden job loss.
Absence of personal financial discipline: In simple terms, individual budgetary discipline denotes to being able to avoid impulsive purchases, to continue with an investment till the accumulation of the required amount and file tax returns on time and more. A certified financial planner can help you attain personal financial discipline to help you have a stable financial future.
Hence are the most notable points that contribute to the benefits of consulting a certified financial planner in Kolkata during COVID-19 to help you make the most informed and suitable financial decisions to have an economically safe and convenient present and future alike.
Do you need the help of a certified financial advisor to help you manage your finances during COVID-19? Contact us today!
