To make a financial plan the raw material used is the data and inputs given by the client. The problem is that most people are not clear on their milestones and what impact will the current investments have on their future goals. The problem is, we do not spend enough time thinking about what really we want from our investments? The lack of focus leads to problems, as the choice of investments depends upon what currently is doing well in the market irrespective of whether it suits me or not. So in case our investment does not give the desired return we shift our focus into some other investment which again might not meet our goals. So it is of utmost importance that even before we invest in any product we need to think about the holistic milestones which we need to cover. So how does one ensure that data given is correct?
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