Managing Your Investment Goals
How to Manage Your Investment Goals
Okay! You've taken the first step to achieving more financial freedom by making the decision to set some investment goals.
Once you decide what you want to achieve, you can the move on to setting a clear, measurable investment plan.
Whatever investment goals you have in mind, you need to keep track of your investing progress. What this means is that there should be evidence to support your progress. Such as, metrics, numbers, financial statements. Consider your total portfolio value and the return you get from your investments over a certain period of time. Make it a habit to check your stocks’ performance regularly to make sure they fit with your plans.
For example, write down your portfolio stats for today. Next week or next year, you’ll be able to track how close you are to achieving your goal.
When deciding on your investment goals, it's also important to identify the length of time you're going to maintain your investments.
Tap Next to learn more about determining your investment time horizon.