For most people, the first step is to establish investment goals. Without investment goals, you cannot know
Question:
For most people, the first step is to establish investment goals. Without investment goals, you cannot know what you want to accomplish.
Some financial planners suggest that investment goals be stated in terms of money: By December 31, 2018, I will have total assets of $120,000. Other financial planners believe investors are more motivated to work toward goals that are stated in terms of the particular things they desire: By January 1, 2020, I will have accumulated enough money to purchase a second home in the mountains. To be useful, investment goals must be written, specific, and measurable. They must also be tailored to your particular financial needs. The following questions will help you establish valid investment goals:
1. How much money do you need to satisfy your investment goals?
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