Needs, earnings and circumstances change over time. Accordingly, you should also change your financial plan. Money9 Helpline hosted Nisha Sanghvi, Co-founder of ProMore Fintech to help you understand when to change a financial plan, how often should you restructure it.
Sanghavi: Six months is a very shorter time to conclude on whether we are right or wrong. But for example for the overall plan, last year when the markets were falling there was no need for you to shift from equity to debt. But you could have taken a top-up in equity. The vacation goal could be restructured and turned into an investment, which could have got you averaging in your investment. This could have really benefitted you. This will really work if you have an advisor who will guide you in such a way and sail you in such times.
Watch the full video to know more…
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