Setting investment goals

Setting investment goals is a crucial first step in your journey towards financial independence. If you don’t know what your goals are, it’s unlikely you’ll achieve them.

  • Consider short term and long term goals.
  • Start thinking in terms of lifestyle, you can quantify your goals later.
  • Are you looking to buy a house?
  • Do you want to send your children to private school?
  • Do you have your heart set on an overseas holiday?
  • Are there debts you would like to clear?
  • Do you want to invest more in your business?
  • Are you starting to think about retirement?
  • Do you want to set up a nest egg to leave your children or grandchildren?  

Lifestyle goals can take many forms and should be personally meaningful. Try to be specific. Vague goals like ‘I want to be financially independent’ are unlikely to provide you with the detail you need to structure a plan to achieve them.  

Once you’ve spent some time identifying what you’re trying to achieve, speak to your financial adviser. Your adviser can help you flesh out more detail, quantify what these goals mean in monetary terms and work with you to construct a plan to get the right results.  

If you don’t have an adviser, you can use our find an adviser function to locate one in your area.