Goal Planning

Save 2 Live Always With You

NEED FOR GOAL PLANNING

“Think only of what you desire, and expect only what you desire, even when the very contrary seems to be coming into your life. Make it a point to have definite results in mind at all times. Permit no thinking to be aimless. Every aimless thought is time and energy wasted, while every thought that is inspired with a definite aim will help to realize that aim, and if all your thoughts are inspired with a definite aim, the whole power of your mind will be for you and will work with you in realizing what you have in view. That you should succeed is therefore assured, because there is enough power in your mind to realize your ambitions, provided all of that power is used in working for your ambitions.” ? Christian D. Larson

This is very true about financial goals. The first step in setting any goal is to determine what is realistic and what is not. You need to set financial goals to help you make your financial decisions.

Everybody has more than one financial goal to achieve. You might be considering accumulating retirement savings, buying a home, funding for children higher education or taking a vacation. Each financial goal has its own price and time horizon.

In order to achieve all your goals, you will need a plan. Starting from assets you already have available, you will need to determine how much more you need to accumulate and when you will need it. Don't neglect to consider that the price of your goals might increase. Depending upon how you invest your savings over time, you might receive interest, dividends, or capital gains to help you along—you should consider this as well.

Some goals are so important that not achieving them would be not only disappointing but also disastrous. When a goal must be achieved by a specific time and date, you must plan and save money. How much risk requires to take to achieve your goals is something which can be decided with the consultation of financial planner.

Goals should be categorised as short-term, medium-term and long-term. Generally, the longer the time horizon to achieving a goal, the more you take risky product in your investment portfolio. However, you should never exceed your risk comfort level. Risk profiling is important part of your investment portfolio selection.

You should always monitor your goals and if necessary revise the investment to be sure that your goals on track to achieve. Your financial planner will help you and guide you to achieve your goals with smooth sailing.

1. Closed at 52 Weeks Highs – There is maximum possibility that the stock or index will do well in coming days. 2. Closed at 52 Weeks Low -- There is maximum possibility that the stock or index will continue to move down. 1. It’s your money at risk not others. Do your own home work, regardless of the source of information. --- “Never Trust Others Opinions”. 2. Listen to your own call. By the time the mass acts, either you are too early or too late. --- “Don’t follow the Crowd” - Short Words Long Values -- Golden Rules; 3. Buy at Support and Sell at Resistance. If you can invest in Fixed Deposit for 5 years then why can’t you invest in Stock? Think that again and decide before go to bank. - Like Investor;