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Get clients to focus more on process milestones than outcome milestonesNikhil Naik, Naik Wealth, Mumbai

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Key Take-Aways
  • We are always disciplined in future but we need a process to implement goals. It is important to set goals but action is needed to implement.

  • Investors need to stop worrying about the outcome as that may not be within their control but process oriented milestones are easier to reach and within control.

  • An example of process milestone is to target x amount of money to keep aside and get into a routine of saving.

  • Advisors need to help investors get through the first cycle and then they can stay on course. Go always back to the client's goals.

  • Humility keeps investors, advisors and fund managers in check from getting too excited when the markets do well.

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