A goals-based investment approach isn’t focused on ‘beating the market’. It’s about tailoring your investments to meet your personal goals.
Performance comparisons are unavoidable in the investment world. Every day you see investment managers measuring their success by how much they’ve outperformed the market, or their peers, over a given time period.
However, most people don’t invest because they want to beat the market. Instead, they simply want to make their money work harder so they can improve their lifestyle, educate their children or save for retirement, in other words, a specific goal.
So why not start with the end goal and work backwards to find appropriate investments? That’s essentially what a goals-based approach does.
This important change of mindset can help investors become less distracted by what the markets are doing short term. It also gives you something more personal and more meaningful to measure the performance of your investments against. After all, you’re investing to achieve goals, not returns.
To learn more, speak with RI Advice Group by emailing reception@rishepparton.com.au, calling 5831 2833, or visiting them in their office at 137 Maude Street, Shepparton.
