If you have more than one end goal for your investing, it can confuse your plans a little. Should you have separate investment pots for each goal? Different portfolio risk strategies? How to go about setting multiple goals is a question I was asked by one of the respondents to my 2015 listener survey, so I thought I’d strike while the proverbial iron is hot, and answer this one right away…

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In this session you will discover:

• Which variables you should bear in mind and which you should ignore when setting goals
• Why it's important only to think in today's money
• Why overthinking your goals setting is counterproductive
• How to separate long term from short term goals
• Which tax wrappers will best serve what kinds of goals
• How to build the underlying portfolio including asset allocation suggestions
• The one thing you shouldn't do when working to achieve your goals

If you have any questions on this, do leave a comment below so that everyone can benefit from the conversation! For a full transcript hit the big blue button below:

Resources mentioned in this show

Podcast: Session 111 – Setting Targets Podcast: Session 106 – Risk & Returns MeaningfulMoney 2015 Survey Finally, I have put together a cheatsheet which gives you an idea about the kinds of asset allocations you can use for different risk profiles and different timescales. You can get it by clicking the big yellow button below:

Join the conversation

I love to read and respond to your comments, so please do join in and share. Question: How have you managed different goals and timescales? What have you learned in the process?

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My thanks to AussieBoyUK and Simon Poulter for their reviews this week!

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