Investment goal
Also called: financial goal, goal-based investing
A specific purpose for money, with an amount in today's rupees, a date and a priority, used to choose suitable investments.
Turning wishes into goals shows how much is needed, by when and how much risk each pot of money can take. Inflation converts today's amount into the future amount. Different goals can use different investments at the same time.
Learn more in these lessons
- Investment goals and time horizonsHow do you set investment goals and match them to the right investments?
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