The basis for the goalsbased wealth management approach developed in this paper In its simplest form, goalsbased wealth management can be defined as a process that focuses on helping investors realize their goals, both shortterm and longterm, through a portfolio management method primarily focused on reaching welldefined financial goals GoalsBased Investing There's a difference between monitoring an investment and checking its performance on a daily basis Rather than being concerned about shortterm volatility in the market, consider the future purpose or goal of what you want your money to pay for This is the fundamental idea behind goalsbased investingGoalsbased investing is more than just "investing in a way to achieve goals" Of course, that is the essence of the idea, but how you go about doing that is where the key differences lie To properly understand how it is different, you really need to understand a little about investment theory in
Goals Based Investing The Cnr Way A Fresh Take On An Established Approach
