Goals are an essential part of our life, whether financial or other life goals. And while we wish to set multiple goals for the same, there are hardly a few who actually accomplish them, let alone successfully do it. The reason is the absence of planning (what you need to get started, how you want to achieve, and when you want to achieve your goals) before acting on the goals. When it comes to financial goals, you need to focus on more of a Think first, Act later philosophy and get a proper roadmap for those goals. For this, goal-based investing can help you. Goal-based investing acts as a driving force of a successful investment journey. It keeps you going despite the downfalls until you reach your goals.<\/p>\n\n\n\n
A goal-based investment strategy involves,<\/strong><\/p>\n\n\n\n This guide covers some of the best investment instruments for an effective goal-based investment strategy. So let’s get started.<\/p>\n\n\n\n For goal-based investing online<\/a>, mutual funds are considered the ideal investment instruments as they conveniently fit distinct financial goals. They are flexible, easy to invest in, and perfect for every type of budget, investment horizon, and risk appetite. You can select mutual funds based on your investment objective and reach your goals. Here is a glance at some mutual fund investment options that can benefit you in your short-term, mid-term, or long-term goals.<\/p>\n\n\n\n *Macaulay duration, wherein investors recover interest payments and principal repayment from investments.<\/em><\/p>\n\n\n\n *<\/em><\/strong>Remember, the more equity elements the hybrid funds carry, the riskier they are. However, they deliver better returns.<\/em><\/p>\n\n\n\n