One of the valuable tips given by Professor Alan is that the financial manager needs to have a product vision, being aware of everything the market has to offer, acting as if he were an investment consultant.
It is not necessarily mandatory to know each of them in depth, but it is important to have a good idea of what is happening and what the best alternatives are.
Furthermore, it is important for the financial manager to have an investment vision. At this point, it is important to be aware that the company may be losing money by failing to make an appropriate financial investment .
“He has to change this and start thinking like an application manager, with an investment stance as well. There has to be a behavioral change, but also a technical issue of monitoring all these products and the scenario,” he advises.
In short, you need to know very well the products available pakistan whatsapp data on the market and have a good understanding of the macroeconomic scenario, following where the dollar, interest rates and the stock market are going.
Benefits of a well-done control
By creating a culture within the investment firm, the financial manager leaves a legacy. In this way, financial investments cease to be a one-off management activity and become a habit. The greatest benefit is to make money not just within a period of time, but over the long term.
There are still many companies that do not look at investments and resort to savings because they do not see that financial investments can also leverage their earnings. And many businesses still have this resistance to thinking that their core business is what will make money, but with investments it is also possible to make money.
According to Professor Alan, more than being attentive to investments, the issue is to make it a habit, whether for companies or individuals:
“A general message for both individuals and legal entities is to start taking money management and personal investments very seriously, as if it were a habit. Just like sleeping well or going to the gym, it is very important that you take this seriously and incorporate it into your daily life.”
Did this article help you better understand the importance of financial investments and the benefits of their good management?
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