IMP-ost : 31st Dec, 2012www.i-securesolutions.in : Financial planning
Nowadays people have started seeking professional advice to have road map of their financial future. They prefer to pay professional fee for the preparation of their financial plan to reach their financial goals in future.
At the start of the exercise of financial planning, clients provide all necessary details required for preparing the financial plan and do not hesitate much while disclosing the facts.
When the plan is presented to them, they are satisfied with the plan prepared and presented to them. But we as financial planners have noticed that they are reluctant to implement the recommendations of the financial plan.
Sometimes they are just not ready for that.
So what stops them from implementation?
1. Emotional attachment
2. Loss aversion
3. Speculations
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