Among the many things I haven’t really cared too much about, until recently, is the importance of building a good investment portfolio. Indeed, for many of us, investment management and planning tends to be a one-time exercise done in the Jan-Feb time period when we need to show evidence of investments made for the year to our company’s Finance department. Of course, we all realize that this kind of ad-hoc approach is far from ideal. But not many of us really care because we do not realize the impact of our financial misdemeanors in the short run. However, when extrapolated over a long run, this lack of financial planning can definitely make a significant difference to our savings. If I were to tell you that the accumulated loss due to improper financial planning over a 2 decade period could potentially finance a few package trips to your dream global destinations, a dream car and a few down payments for your dream house, then would it make you sit up? It must, because the impact can be surprisingly substantial! So, the best thing to do is to not waste a single moment and get down to the drawing board to build your investment portfolio.
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