Why Your Investment Goals Should Be Flexible

Finding out an investor's goals is a key part of the financial planning process, but what happens when people change their minds?

Steve Wendel 12 February, 2019 | 2:18PM

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One of the first questions a financial adviser asks a client is: what are your goals? Without an end in mind, a lot of saving, investment and retirement decisions can lack focus. And without a concrete target, it's hard to assess whether an investor has succeeded or not.

Typical goals range from the broad, such as "achieve financial independence" to the specific, "pay for my child's education".

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About Author

Steve Wendel  is Head of Behavioural Sciences for Morningstar

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