A mountaineering club coach asked his students what was needed to climb a mountain. The responses focused on equipment and skills. The coach asked "Isn't the mountain the most important thing to focus on?"
When you know which mountain you want to climb, then you can decide on the right equipment and skills.
Likewise, in investment, the goal (or mountain) should be decided first. Investors should be wary of getting lost in the noise of data, market, trends.
When you decide on your mountain first, then it is easy to determine factors like time horizon, amount of investment, return needed, asset allocation.
A successful management consultant and angel investor, Rajesh recounts how an introduction to financial planning blew his mind
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How can investors take data rational decisions that leads to better performance of their investment assets?
You choose different modes of transport depending on the distance you wish to cover. Selecting mutual funds is very similar
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Fund managers need to be appreciated as wealth creators
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