IMPORTANCE OF INVESTING GOALS
Setting wise investing objectives ultimately has the largest impact on how successful we are as investors. Unfortunately, the majority of us have bad experiences because we chase short-term gains during our financial planning travels. Instead of worrying about short-term fluctuations or trends, you may keep your focus on the big picture by building your investment plan on the foundation of investing goals. This will help you manage and control destructive investing behaviors like greed and fear. By maintaining a balanced approach to your cash flows and savings, goal-based investing also enables you to keep an eye on your important financial health ratios.
A target plan serves as a road map for achieving a better financial future, guaranteeing decreased financial stress and a much improved investment experience.