76. How do I Change my Investments as I Approach my Goal?

It's No Secret

Many of us have goals we're saving towards, whether for the short, medium, or long term.

If your goal is in the medium term (3-5 years) or long term (5+ years), you might wonder if you need to adjust your investments or savings strategy as you get closer to achieving it.

Or, you might be nearing your goal and not realize it could be beneficial to change your asset class—and that's okay too. So, what should you do as you approach these goals? Let’s discuss.

Specifically, we chat about:

• Is there a ‘right’ time to take action i.e. too soon or too late?
• When you SHOULDN’T take action? E.g, Being shaken by market volatility even if your goals are still far away
• How does the level of risk you take affect your investments? (Growth vs income assets)
• A specific example where you may want to change your asset allocation

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.