Study on Financial Planning for Individual Investors

Study on Financial Planning for Individual Investors

Shraddha Mirgal1, Dr.Shilpa Mishra2

1Student of Master of Management Studies, Alamuri Ratnamala Institute of Engineering and Technology, Mumbai University,mailto: newshraddha1996@gmail.com

2Assistant Professor, MMS Department, Alamuri Ratnamala Institute of Engineering and Technology University of Mumbai mmsho.armiet@gmail.com

Abstract— Financial planning is a crucial aspect of personal finance that helps individuals achieve their financial goals. This study aims to investigate the financial planning practices of individual investors in [City/Country]. A survey of 100 individual investors was conducted to gather data on their financial planning practices, investment habits, and risk tolerance. The findings of the study indicate that a majority of individual investors lack a comprehensive financial plan, and their investment decisions are often influenced by emotions and personal biases. The study suggests that individual investors should seek professional advice and adopt a disciplined approach to financial planning to achieve their financial goals.

Keywords— -  Financial planning, Individual investors, Investment habits, Risk tolerance, Personal finance