Setting and reaching goals when investing
The first question to ask yourself when setting investment goals is “What do I want to achieve?”
Our advice at Agile Property Partners is to decide the answer or answers to this question at the outset and write them down, so your investment is always focused on this.
You can then subdivide this in terms of time: short term, medium term and long term.
By short term, we mean anything from 6 months to a year. Investing so as to be able to buy a new car, is an example of a short term goal.
Medium term could be loosely defined as one year to five years. This could be for use with a mortgage deposit or university fees for yourself or family.
Long term is seen as five years or more. Typical examples of uses for long-term investment could be planning for retirement, clearing a mortgage etc.
Again it’s judicious to write these down and not choose too many goals so they are achievable.
Another good tip from us is to work out the cost of making each goal happen. Instead of just saying I want enough to comfortably retire at 60, work out what that comfortable sum would be. Is it £50,000 or £500,000 at 60?
Now you have set tangible costed goals for investment, you need to think carefully about where to invest and what to invest in.
Here at APP we specialise in property investment and work in partnership with our fellow investors to provide attractive and reliable returns over the short and medium term.
Our intimate knowledge and understanding of the local property market here in Norfolk positions us well to take advantage of the opportunities our extensive research uncovers.
If you would like to find out more about how our partnership plan works please feel free to contact us on 01603 567804 or drop us an email at email@example.com