SIP Is Key To Goal-Based Investing

We all have goals in life that we want to achieve. Having goals gives us a sense of purpose. But remember, a goal without a plan is just a wish. This adage applies aptly to our financial lives as well. We need to focus on our financial goals before we invest in different investment options, such as mutual funds. Without a well-thought-out plan, our financial goals may remain mere aspirations. It’s not enough to simply want to achieve something - we need a roadmap for getting there. Because, at the end of the day, we will need money to make our dreams come true. To bring our dreams to life, we need more than mere aspirations; we require a carefully planned and systematic investment strategy like goal-based investing. What is goal-based investing? Goal-based investing is investing in a manner such that we reach our financial goals in a planned and comfortable manner. These goals can...