forward planning will ensure that these expenses are covered without worrying about how much more money needs to be saved each month indefinitely into perpetuity
1.Why should one define goals before investing?
The goal-based investing approach offers you the opportunity to make decisions that are in line with your financial objectives
For example, if saving up for a home is more important than traveling abroad today by sacrificing some of those vacations we all love so much
then this should help provide clarity on what direction will best suit us financially and allow us greater discipline
2.Risk profile and return appetite
The purpose of investing is to compound your capital over a longer period time
You may invest in SIPs, ULIPs or even life insurance policies depending on what risk appetite you have for the future
however it's important that each rupee goes towards achieving an individual financial goal so there are various options available within this portfolio which can help improve returns
3.Financially Secure
We all want what's best for our finances, and while it may seem like the only way to get out of debt
there are other methods! With goal based investment you can rely on having enough cash stored up so that any necessary spending isn't adding stress onto your life.