Investment Planning

Investment planning for retirement

Investment planning is looking at L-O-N-G TERM because equity markets trend moves upwards

Systematic, consistency investment is the best way to follow

When you are young, "dollar cost averaging" is the best because of consistency of investment

The final step is, planning for investment will take you all the way to your retirement

Start with Your Financial Health?

How healthy are you financially?

Are you financially fit, or are there areas of your financial picture that are looking unhealthy?

The scary fact is that most people refuse to know where they stand financially.

Many of us go to the doctor for a checkup, or take our car in to get serviced to ensure that everything is ok but don’t exercise the same level of precaution with our finances.

Everyone should perform an annual financial checkup to review how they’ve done financially over the past twelve months and make sure they’re still headed in the right direction.

Here’s how to perform a self‐checkup of your finances:

The first step in your financial checkup is to set your financial goals.

Know what your financial goals are, re‐evaluate them yearly, to make sure they’re still relevant.

An important step when creating or revising goals is to write them down.

That way, when you’re performing your financial checkup next year you can look back on your written goals to chart your progress and note areas where you’ve fallen short.

Evaluate Changes in Your Personal Situation

Have you gone through any life changes recently or do you anticipate any major changes in the near future?

A job change, getting married, having a baby, divorce, retiring, buying a house, or moving can significantly alter your cash‐flow and your lifestyle.

You may need to adapt your budget, your spending, your savings, and your investments according to these life changes.

Having time to plan for these changes in advance will make the transition much smoother.

You may also find that your financial goals have changed and will need to alter your plan for those changes.

Investment planning is consistency in follow-up