Disadvantages of Artificial Intelligence in Commercial Banking
In the previous articles, we have already seen what artificial intelligence is and how it can be applied in commercial banking. We are also aware of the various advantages of artificial intelligence. These various advantages are the main reason that artificial intelligence is being adopted by commercial banks all over the world at a breakneck […]
The Strategic Financial Planning Process
The strategic financial planning process is different in the sense that it combines the functions of strategy formulation as well as financial planning. For many years, these two processes have been considered to be separate in most organizations around the world. Strategic financial planning merges these processes and created a hybrid approach. In a broad […]
The “Rich Dad Poor Dad” Philosophy
The domain of personal finance is exceptionally wide. There are lots of experts who have differing opinions, who coexist in the personal finance arena. However, in the early 2000s, a relatively unknown author by the name of Robert Kiyosaki started making waves in this area. Some of the ideas that he suggested were radically different […]
The Financial Disadvantages of Retail Warehouse Automation
In the previous few articles, we have already seen what retail warehouse automation is. We are now aware of the different degrees of retail warehouse automation which is prevalent in the industry. We also know that such automation is very popular because there are several financial advantages which arise from such automation. However, it would […]
Bielard, Biel and Kaiser (BBK) Model
The main criticism of the Barnewall model was that it only classified investors into two types. This created an oversimplification. Practitioners of behavioral finance wanted the classification to be more accurate and inclusive. This is the reason why they started creating another psychographic model. This model is called the Bielard, Biel, and Kaiser model, i.e., […]
It is essential for every individual to keep aside some amount of his income for a secure future. The art of assigning some amount of money into something, which would benefit the individual concerned in the near future, is called as investment.
An individual can invest in any of the following:
Gold/Silver
Mutual Funds
Shares and Stocks
Bonds
Property (Residential as well as commercial)
An individual should not invest just for the sake of investing. One should understand as to why he needs to invest? Don’t just invest in any plan available in the market. Decide the best plan for yourself as per your income, age and financial requirements. One must go through the terms and conditions before investing in any market plan.
How would one come to know where to invest and where not to invest ?
How would an individual decide which organization’s share would yield him the best results in the near future and which should be sold off immediately ?
Here comes the role of a Portfolio Manager.
An individual who understands the client’s financial needs and designs tailor made investment solutions with minimum risks involved and maximum profits is called a portfolio manager.
A portfolio manager invests money on behalf of the client in various investment tools such as mutual funds, bonds, shares and so on to ensure maximum profitability.
It is the responsibility of the portfolio manager to choose the best plan for his client as per his financial requirements, income and ability to undertake risks.
Portfolio managers charge a good amount of money form their clients for their services. One must be careful while selecting the right portfolio manager.
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