Time Is Always Right For Goal-Based Investing

The author of The Chronicles of Narnia famously said, “You are never too old to set another goal or to dream a new dream.” And this is true for everyone, both old and young. All of us have goals in life, and they range from short-term to very long-term. For instance, you may want to purchase the latest iPhone in the market – that is a short-term goal you may wish to accomplish over the next month or so. You may also want to retire at 45 and travel the world for the next five years. Based on your current age, this could be a medium or long-term goal. Others may want to purchase a car, or start farming or learn a new hobby – there is no limitation on the number of goals or dreams you can have. However, there is one thing that every goal requires – adequate time and surplus funding to help realise it. Suppose you wish to purchase an iPhone next month, child...