Like most people, you probably have many financial goals: a comfortable retirement, long vacations, college for your children or grandchildren, the ability to leave something behind for the next generation, and so on. To achieve these various goals, you may have to follow different investment strategies – and you might have to make some tradeoffs along the way.
To pursue this multigoal/multi-strategy approach, try to follow a clear course of action, including these steps:
•Define your goals – and invest appropriately. You will need to identify each goal and ask some questions: How much time will you have to achieve this goal?