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Principal Times ‘If I had a time machine, I would go back and…’

‘If I had a time machine, I would go back and…’

Let us see what would these advisors do if they have a time machine.
Team Cafemutual Mar 21, 2018

The eighth ‘Principal Business Champions’ contest got an overwhelming response from the IFA community.

‘Principal Business Champions –Winning solutions’ is a joint initiative of Principal Mutual Fund and Cafemutual to help advisors learn from the best practices of other IFAs.

Here are the ‘Winning solutions’ that got the highest votes

Winner on Website : Rajesh Doshi

Would not have joined the real estate sector, and would have done a professional course early in my

career...

If I had a time machine, I would go back and undo my decision to join the real estate sector. After four years of working with a fund house, I changed my profession to become a real estate consultant. I tried it for two years. But it was not my cup of tea, really.

When I look back, I cannot help thinking that had I continued working in the mutual funds industry, I might have been managing a large number of clients today.

Another thing that I would have changed about the past is to pursue a professional course, such as Chartered Wealth Manager (CWM), at the beginning of my career. Currently, I am doing this course. It has helped me improve my understanding of investment concepts. I am confident it will also help me take my business to the next level. If only I had done this earlier!

Winner on Facebook:Ketan Nanivadekar

Would start an SIP 20 years ago, and become IFA from the beginning of my career...

I wish someone had recommended me to start a SIP 20 years ago. If I had started investing in mutual funds through SIP long back, my investments would have grown by a big margin by now. 

If I have a time machine, I would go back and begin my career as a financial advisor. I would undo the 15years I spent working in sales and marketing. I would join the mutual fund distribution business from the start; and by now I would be more successful in the advisory business.

Winner on Twitter: Prasad Deshpande

Would pursue a specialized MBA and internship under an advisor...

Glad you ask me about a time machine. If Cafemutual gives me a time machine, I would go back and do a post-graduation – an MBA. Doing a specialized MBA would have enhanced my communication and leadership skills, necessary to grow any business.

I also wish I had done an internship under a successful financial advisor after I completed high school.This would have helped me gain experience and learn about the basics of the mutual fund industry early in life.

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