A Goal based investment is like train running on track
If you make an investment decision after identifying your goals then the chances of you sticking by that investment, increases. When the investments...
If you make an investment decision after identifying your goals then the chances of you sticking by that investment, increases. When the investments are goal based, you would be able to assess the amount to be invested more accurately and once you have invested according to your goals, then you wouldn’t be required to borrow money for fulfilling those goals.
Investing with knowing goals, also helps you in being disciplined and it keeps you away from impulsive expenses. You can follow a right asset allocation strategy and keep track of your investments based on your goals.
