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Keeping a target is crucial to wealth management, says Feroze Azeez of AnandRathi

Updated : June 24, 2019 07:36 PM IST

In wealth management, keeping a target is crucial and most individuals, even high net worth, sophisticated ones, often do not have a target, says Deputy CEO of AnandRathi Wealth Management Feroze Azeez.

Speaking to CNBC-TV18 about the art of investing, Azeez has said as soon as the investor has a target and an actual, the person will course correct far sooner.

“What is a good target to have in India? It is to quadruple your wealth in a decade. If you can quadruple your wealth in a decade, then it is a good target; which is nothing but 15 percent compounded. Once you know a 10-year target, a simple excel sheet will tell you every day target. Then whenever you meet your advisor, you have to check the target and the actual; that is a good management information support system,” he added.
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