We all have financial goals, whether it’s a retirement nest-egg, college for the kids, a down-payment for a new house, or all of the above. You may have other financial goals beyond these. I hope you have written these goals down in specific terms with dollar amounts and dates for completion. Specific goals with specific dates (I want $50,000 in the college fund by the time my daughter reaches 18) will help you focus on achieving your plan. More importantly, having specific goals and dates will help you decide how stocks are going to help you achieve the goals.
Major Financial Goals
Retirement planning is the most important financial goal, because it involves the most money and needs the most time to achieve. If you are 25 years ...