The Most Important Part of Financial Planning: Why do I Need Goals?

One way to help identify certain risks is to examine certain types of predetermined investment mixes. What this means is that you can mix and match certain types of fund groups to be able to diversify your portfolio and to spread your risk across the conservative/moderate/aggressive spectrums. Depending upon your financial situation and your investment goals, you may be able to spread your risk across long-term and short-term investment categories also. The ability to do this gives you the ability to have a strong investment portfolio mix, no matter what the current economic conditions or risk are in any given situation, since a strong investment mix may have one group lagging, while other are still performing strongly. Financial Planners can help establish this mix with you and can help establish when you should change this mix.

The Most Important Part of Financial Planning: Why do I Need Goals?

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