It Pays To Stay Focused On Long-Term Goals!

Maheshkumar Sadashiv Bhandare, 49, works with a reputed firm in Nashik. His family comprises of his wife Santoshi, and two daughters, Purva and Prachi, who are in their teens. Maheshkumar’s first rendezvous with mutual funds was in 2006 when he invested some amount as a lumpsum. However, his investing strategies were random at that time. A couple of years later, when the global financial crisis triggered a steep correction in the equity markets, he met Tushar Amrutkar, financial advisor, Bhushan Investment & Financial Services. Maheshkumar was worried because his investment portfolio was showing losses after two years of investment. The first step was to convince Maheshkumar to stay invested in the markets and in fact, invest more as the markets were trending lower. Another step was to review the financial goals and modify the investment strategy accordingly. Tushar shares,...