Simply putting aside money is not the best solution if you want to achieve financial stability, as you cannot be successful in anything without setting concrete goals. Below we will provide three common investment goals to help you start financial planning and understand your personal investment strategy.

Financial security, or rainy day investment

Life is not always an open book. No one can guarantee that you will not face unexpected expenses or financial loss tomorrow, whether it is the global financial crisis or a simple layoff.

Having a fallback reserve for at least two or three months will help you feel more secure about your financial future.

Retirement 

Some things in life are inevitable. This statement is ideally suited for the retirement period, which, truth be told, can last as much as your whole career. Hence it will require a thoughtful investment strategy to have permanent retirement income apart from the state pension programme, which is not always sufficient to have a carefree retirement period.

Family costs

This one applies not only to getting married or having children but also to the constant support of your family and the costs associated with raising it. Education, emergency expenses, family trips, all these aspects require extra funds, which an average monthly wage cannot cover.

Speaking about investment goals, it’s impossible not to mention Forex trading as one of the most affordable ways of reaching them. And there are multiple reasons why:

  • Easy to start: you need to simply download a trading terminal and open a demo account to see how it works: no additional paperwork or sophisticated knowledge (only basics of Forex trading is required) 

  • High liquidity. In simple terms, the liquid market means the ease of buying and selling, and in Forex trading means flexibility in putting the money in and getting it out once needed.

  • Good money with relatively low risks. Well, it may sound way too optimistic for a sceptical person, especially considering that Forex trading always implies risks. However, if you spend some time learning and practising and choose the trusted broker, the chance of getting good profits in a relatively short time is real.

Money is not just a measure of success in society. The actual value that money brings to our lives is the ability to achieve our dreams, which is, in other words, reaching our short-term and long-term goals. These goals may vary depending on a person or life circumstances; however, the lack of an understanding and plan of allocating and maximising your profit can lead to wasteless efforts and demotivation. This article can become the first step in analysing the inner motives for earning and putting aside money and help you set up your individual investment strategy.