How to Set and Achieve the Goals in Investment?

Many people have outlined in their minds their investment goals. But many people also struggle to get these off the ground. For example, a lot of key players with plenty of potentials that have an investment company in UAE or aware of their investment opportunities, but are they reaching their full potential?  Here we are going to look at ways in which you can set and achieve your investment goals.

First of all, get your goals down. It does not matter if you write them in your diary, a notebook or your phone. It can be handy to split your goal lists into two; one list is for short term goals and the other is for long term goals. Once you have your goals written down, and you are happy you have not missed anything off, you can re-order your list so that the most important goals are at the top. You could then add detail to each of your listed items, for example, write how much you want to have for each goal, a number for your retirement, a number for a holiday fund, etc. It is also a good idea to give yourself a target to reach each goal by, add that in the relevant positions.

You need to have locked down certain other factors. For example, how much are you willing to invest overall? Will the investment be made with a large lump sum or smaller regular amounts? So, you know where you are aiming to head, you need to also have in mind how much growth you are wanting to gain.

One of the things that are going to determine the chances of you reaching your goals will be your mindset. Of course, it is not to say, 'just think positively' and all your dreams will come true. Of course, there needs to be careful planning, considerations and work. But if you approach any of your goals with a mindset that it is not possible for them to be realized, then what is the point of even aiming for them? You will limit yourself if you look at things with a 'can't do' attitude.

Another factor that could affect your chances of goal success is the element of risk. Often, to reach a certain goal, risks may need to be taken. So, ask yourself how you feel about risk. Do you feel comfortable knowing that there is a possibility of losing money? Do not set yourself to potentially lose more than you can afford to, plan this factor carefully.

Furthermore, think about your personal liquidity needs. For example, if you are in a situation where you do not have long term liquidity needs you may be more likely to be able to afford to go for less liquid investments, an example being Property Fund.

You may find it helpful to try out one of the many goal planning tools that are available on financial websites. You can enter into these the investment sum you have in mind, input regular payments, timings, risk level and have the likelihood of you achieving your investment goals revealed. Of course, it is no fail-safe tool, but it may help you to reevaluate things or focus more clearly on achieving your investment goals.