This is part 2 of 8 blogs on what today's smart investors need to know in order to create sustainable wealth for you and your family.
Most people invest their money with no clear investment objectives. Your personal portfolio must be in sync with your financial goals.
Specific strategies can be tailored to meet a single objective of a combination of several objectives.
For example.....If the goal is to grow your assets.....then your objective would be to have X number of dollars at a certain time point in your life.
If your goal is to have cash flow for your lifestyle and grow your assets .....then your objective is to have X number of dollars per year and have X number of dollars at then end of the time horizon
If a goal is to partially fund a child's college....then your objective is to save X number of dollars per year for that goal.
If your goal is to buy a house.....then your objective is to determine the down payment and have X number of dollars saved in the time frame.
Bottom Line: You can significantly increase your chances of investment success by starting with clear investment objectives
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