Professional Financial Consultancy - An Investment or Expenses? By Richard Cayne of Meyer International Bangkok
With an excess of self-help articles available over the internet, most individuals consider hiring the services of a professional financial advisor an unnecessary expense. However, Richard Cayne of Meyer International Bangkok explains that though such self-help articles are great to equip yourself with knowledge as a beginner, in the long run, as you diversify your portfolio, the services of a professional consultant tend to become more of an investment than an expense.
One of the foremost reasons why Richard Cayne of Meyer International Bangkok considers spending on the services of a professional financial consultant an investment is their ability to offer an unbiased opinion. A professional consultant will always offer you his/her opinion on purchasing or selling assets devoid of any emotions such as fear, hasty anticipation or excitement. Richard Cayne of Meyer International Bangkok says that the situation compares to that of surgeons who avoid operating on their loved ones, as even the sturdiest of hands get shaky once emotions come into the equation. With only a practical approach in the picture, timing the purchase and sale of assets as well as other securities becomes an easier task.
The second most important reason that makes hiring the services of a professional consultant an investment is the benefit of a macro as well as micro view. Richard Cayne of Meyer International Bangkok explains that a professional financial consultant will not only keep a keen eye on the market, with a special focus on each investment vehicle, but also reconcile the same with your personal long-term objectives. While most individuals would disagree by saying that they are fully capable of following market trends and updating their portfolio, Richard Cayne of Meyer International Bangkok believes their emotions get in the way of making professional decisions. The reason being that as your portfolio grows, it not only becomes too tedious to keep track of investments, but it also becomes more time consuming. And, since time saved is money earned, getting a professional to handle your portfolio automatically translates into being an investment.
According to Richard Cayne of Meyer International Bangkok, the last, but not the least key benefit of hiring a professional consultant is maintaining steady progress towards the attainment of your long-term financial goals. Going through the ordeals of day-to-day living, it is very easy to lose sight of one’s goals and objectives. Therefore, having the expertise of a professional at hand not only helps you lead a stress-free life, but also ensure that your hard earned money is working to further assist you with wealth generation, making it worth the investment in the long run.
Richard Cayne is Managing Director of Meyer International which forms part of Asia Wealth Group Holdings Limited a London UK listed financial services holding company.
One of the foremost reasons why Richard Cayne of Meyer International Bangkok considers spending on the services of a professional financial consultant an investment is their ability to offer an unbiased opinion. A professional consultant will always offer you his/her opinion on purchasing or selling assets devoid of any emotions such as fear, hasty anticipation or excitement. Richard Cayne of Meyer International Bangkok says that the situation compares to that of surgeons who avoid operating on their loved ones, as even the sturdiest of hands get shaky once emotions come into the equation. With only a practical approach in the picture, timing the purchase and sale of assets as well as other securities becomes an easier task.
The second most important reason that makes hiring the services of a professional consultant an investment is the benefit of a macro as well as micro view. Richard Cayne of Meyer International Bangkok explains that a professional financial consultant will not only keep a keen eye on the market, with a special focus on each investment vehicle, but also reconcile the same with your personal long-term objectives. While most individuals would disagree by saying that they are fully capable of following market trends and updating their portfolio, Richard Cayne of Meyer International Bangkok believes their emotions get in the way of making professional decisions. The reason being that as your portfolio grows, it not only becomes too tedious to keep track of investments, but it also becomes more time consuming. And, since time saved is money earned, getting a professional to handle your portfolio automatically translates into being an investment.
According to Richard Cayne of Meyer International Bangkok, the last, but not the least key benefit of hiring a professional consultant is maintaining steady progress towards the attainment of your long-term financial goals. Going through the ordeals of day-to-day living, it is very easy to lose sight of one’s goals and objectives. Therefore, having the expertise of a professional at hand not only helps you lead a stress-free life, but also ensure that your hard earned money is working to further assist you with wealth generation, making it worth the investment in the long run.
Richard Cayne is Managing Director of Meyer International which forms part of Asia Wealth Group Holdings Limited a London UK listed financial services holding company.