Define Your Goals, Depending On The Various Stages Of Life

Setting goals marks the beginning of financial planning to help you achieve the objectives at various life stages. It gives meaning and direction to the various financial decisions you will take during your lifetime. Financial needs change in different stages of life such as getting married, buying a house, children’s education, retirement, etc.

Markets Evolve, So Does Your Financial Situation

Your finances are in a constant state of change. Not only does the financial market fluctuate but your financial needs changes over time. Whilst, to some extent you can gauge the factors changing your financial situation, understanding market situation may be more complex.

Many factors such as major political events, natural or man-made disasters, supply & demand, market psychology may lead to fluctuations in the financial market. It is important to review your funds selection regularly to make sure it is aligned with market dynamics and your evolving future goals.

Therefore, it is important to: