Investment Goals

Investment Goals where do you start?

The concept of investing and saving sounds foreign and intimidating to most.  We want to invest and put away some money for rainy days, but there are way too many opinions. We can see it work for others but when doing researching or talking about it, the topic becomes overwhelming. So much so that at the end of the day we simply let the thought go. There is good news though.  It is not nearly as difficult as it’s made out to be and it all starts with you answering the following three questions.

What do you need?

This is the part where you sit down with a pen and paper and think about what you need from your investment or savings, and not think about numbers, percentages or investment options. Determining what you need, whether it’s long or short term, for retirement, or those rainy days.. This will help you choose where to invest or save. Decide how long you are willing to invest and whether you want to put all your money in one basket or if a variety of options will suit you better. Be reasonable.

What do you want to achieve?

Envision the end-goal of your investments or savings.  If you’re investing for a comfortable retirement or saving for the education of your children, think about what outcomes can help or deter you from achieving your goal.  It is not easy to predict what finances you will need in the future but one thing is certain – life gets more expensive by the day.  By setting goals you can monitor your portfolio and determine if it’s working for you, or if you need alternative options.

What are you willing to risk?

There are always risks when it comes to investing and saving.  Be it from your investment companies, inflation or the volatility of shares. The majority of companies help you determine what your “risk appetite” is, but it is also a good idea if you determine, according to your personal attitude and requirements, what and how much you are willing to risk.

If you are looking to invest but struggling to find the right solution for you, contact us today.  We are committed to helping you achieve your goals.

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