Take some time in Goal Setting!

 


Imagine you’re driving - you have control on the go, but occasionally you encounter something that speeds it up or slows it down. Imagine you are driving without a purpose ... without a purpose and without a sense of direction. How do you want to know where to go if you have no plan and no road?




Same with investing! You can invest without a plan, without discipline, but how do you really know how, when and where to allocate your investments?



Setting your own goals is an important step for any investor, whether new or experienced. By planning and setting goals, you know the allocation of money you want to invest and the speed with which you want to be rewarded. This can also affect the type of investment product you choose.



For example, if someone wants to buy a house and has to pay a 10%deposit, they are more likely to allocate a large portion of their monthly income to saving and investing than someone who wants to buy a PS5.



Recurring Investments and Savings Goals make it easy for you to add money to your investment account automatically on a consistent basis, helping you stay disciplined with your investments and achieve your goals.



You can choose to create a savings goal, which allows you to choose something to save and track your progress in reaching the target balance. Save for motivational purposes, whether it’s home, vacation, or emergency savings - because you never want to repeat a situation when you need cash and don’t have it.



Then to make a recurring investment, choose the amount of money you want to invest on a regular basis, and then choose the period that suits you - either on a daily, weekly or monthly basis.



Not necessarily much; investing even a small amount can help you make progress towards your goals.



Remember, it is never too late to start. The best time to invest is yesterday, the second best time is now!
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