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Smarter Investing 3rd edn, 3rd Edition by Tim Hale

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Appendix 2: Goal planning

Let’s spend a little time thinking about how to turn the question ‘Where do I start?’ into a definite plan of action. The answer is that you start right here; in the next few minutes you should have a pretty fair idea of what you should be doing.

Well thought-out goals underpin success

Understanding what you want from your investing is the critical starting point of any investment programme; being able clearly to articulate these goals will help you and any one else assisting you, to tackle the issues you face. One of the constants that I found in my discussions with clients over the years is that many of them have only vague notions about what they want to achieve with their money and relatively few have a precise ...

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