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Goal-based investing is a strategy that focuses on specific goals rather than trying to beat the market. Investors who use this approach create a plan that spells out exactly what they need to achieve their goal, and then they figure out the best way to invest money to reach that goal. This type of investing can be useful for people who want to save for retirement, buy a home, or pay for college.

Goal-based investing can offer several benefits for investors. These benefits may include clarity of purpose, increased discipline, and a focus on long-term goals. By focusing on specific goals, investors may be able to better assess their risk tolerance and investment preferences. Additionally, goal-based investing may help investors stay the course during turbulent markets, as they will have a clear idea of what they are trying to achieve.

There are different investment goals, but the most common ones are growing your money to provide for retirement or other long-term financial needs, saving for a specific purchase such as a home or car, and generating income through dividends and interest. Having a clear idea of what you hope to achieve with your investments is a crucial first step in creating a successful goal-based investment strategy.

Like any other investment goal-based investments can be risky, but they also offer the potential for higher returns. It is important to carefully weigh the risks and rewards before deciding whether a goal-based investment is right for you. If you are comfortable with the potential risks, then goal-based investing can be a great way to grow your savings.

Goal-based investing is best for individuals who have a specific goal in mind for their investments. These investors typically have a time horizon and desire to reach a specific target amount or percentage return on their investment. If you are not sure if goal based investing is right for you, consider meeting with one of our financial advisors to discuss your goals and investment options.

If you want to achieve your goals quicker than what you decided earlier, you will have to rebalance your portfolio. Our financial advisors can help you in doing so. Rebalancing your portfolio can help you stay on track to reach your financial goals.

If your progress is not on track, don't worry - our experts keep an eye on your portfolio but still keep regular checkups, and we can advise or make changes to the plan accordingly. You can always reach out if you need help getting back on track.