Access to sound investment and wealth managementto the average income person is limited and unguided. This is leading in most instances to relatively low growth of wealth or losses mainly due to the following reasons:
Inability to fund attractive opportunities. This is where a person comes along an investment opportunity that is likely to appreciate in value and offers superior returns and profitability.But the minimum investment required is higher than the funding levels he / she are able to secure. Unfortunately, this is a frequent case.
Lack of professional expertise in the field of the opportunity. Investment and wealth management requires years of dedicated full time experience, as well as, strong academic background. It takes years and years to accumulate the knowledge required to be able to evaluate and assess investment opportunities and at the end, it is not a guaranteeof success but rather reducing the probability of losses.
In ability to understand the risks associated with the specific opportunity. Understanding the risks associated with any investment opportunity is a key factor in deciding on the suitability of the investment to a person. It is also critical in understanding when one should exit to cut losses.
In ability to relate, in simple terms, personal financial goals and match to specific opportunity. Most people are either unable to plan their personal financial objectives or relate their financial goals to specific investment opportunities. Accordingly, they end up making wrong investment decisions that does not meet their requirementand ultimately does not achieve their goals or end up in losses.