When it comes to investing, most people are concerned whether their investments doing good – with respect to a benchmark or not but ask them about whether their investments are on track to achieve their real financial goals and they would be clueless.
The sad reality is that most people don’t invest for goals. The general idea of investing is related to the need to make more money, without any specific target. Though aiming for ‘more money or returns’ cannot exactly be called as wrong when it comes to investing, fact is that it is equivalent to shooting in the dark.
Unfortunately, most life goals require money.
Now combine these two things – i) goals and ii) your investments.
Making more money will not help you reach your life goal like non-material one...
Stay tuned for more information on goal-based financial planning..
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