#MangoMoneySeries - Is your advisor a great fund picker?
Most investors think their distributor/advisor’s job is to pick the best funds, find the next winner, time the market and beat the charts.
If you believe that’s all an advisor/distributor does, then think again.
During conversations with distributors and advisors across the country, I keep hearing one common thing that they spend less time picking funds, and more time keeping investors focused and away from doing mistakes.
Their real efforts goes in -
1. In a world of viral Insta reels, now even ChatGPT advice, they are constantly busting myths like, Mutual funds are scams, your MF isn’t safe, xyz fund underperformed last year- redeem it.
Separating facts from noise has become their biggest task.
2. Every asset that tops the charts suddenly looks irresistible, be it gold, Nvidia, crypto, US funds and even that real estate deal tha your friend claims doubled.
But good distributors/advisors know that chasing what’s hot often burns portfolios later.
3. When returns fall, patience tumbles, distributors/advisors become part therapist, part coach, helping investors stay patient and tide over that cycle.
Each of these roles is rooted in behavioural finance, not fund selection.
And this invisible value, the one that keeps investors steady, often adds more to your wealth than any “best fund” ever could.
Because good advisors don’t chase FOMO assets. They stop you from chasing them.
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@iRadhikaGupta
#MangoMillionaire