Social media is part of our daily lives today. Be it updating any life event or knowing any gossip about your favourite celebrity, Dinner Recipe or Investments advisory social media has all the solutions.

The Indian Stock Market has been on a roll over the past few years. This has given rise to several social media platforms sharing stock tips and market insights.

You may have come across many reels or posts showing the benefits of a particular investment option and influencing you to know more about them, right?

This is the power of social media today. So, does it really impact your investment portfolio?

Social media is a starting point for research for investment ideas, to understand the concept, nuances but not for the strategies as all the investment approach and strategies are tailor made for each individual requirement. Remember no two individuals has same requirement.

Recommendation is a responsible activity and it comes with an accountability. When it comes to social media the recommendations are one way, there will not be any reviews and no information on when to exit the product or investment.

Sometimes it is important to acknowledge that the recommendation comes from a person who might not have expertise, formal education, or qualification (Certifications) in Finance.

The ideas shared by them are often based on personal opinions rather than sound financial principles. Further, they may even have biases and conflict of interest, such as receiving a hefty compensation for promoting specific stocks and businesses. This can simply lead to biased recommendations.

Take social media as a place for your Research, Learning and to Analyse. When it comes to decision making, talk to an expert, devise a personalised investment strategy, to invest regularly and to review your investments periodically.

Call me if you want to talk or review about your existing investments or to start a new one to achieve your financial goals and dreams.