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Your Financial Objectives

How will your future look if you don't make the rights choices with your financial plans?

Just as in other aspects of your life, setting financial goals is a tried-and-true way to reach those goals. Before you can begin to define your own financial planning strategy, you need to identify what is important to you. Then you have a foundation to decide what you want to do with your money. This will also help you identify the kinds of savings and investing, retirement, protection, and tax planning strategies that may be appropriate for meeting your goals.

Figuring out where to start can feel overwhelming, but it doesn’t have to be. This is why Chartered Independent provide an extensive range of services, plus the ability to create bespoke solutions based on your specific needs.

Knowing yourself, your needs and goals

Its well worth taking the time to think about what you really want from your future. Knowing yourself, your needs and goals, and your appetite for risk, is a good start. Your focus should be on ensuring that the inevitable bumps along your investment journey do not force you, of course. The specialist team at Chartered Independent will help you define and develop your goals and understand your approach to investment risk to determine the appropriate asset allocation for your investment goals.

Life Stages

With increased life expectancy, the goal posts for what is considered short, medium and long term is shifting, more so for younger individuals. This is because someone in their mid-20s today might spend 40 to 45 years working and then have 20 to 30 years in retirement. So those in their 20s and 30s may want to consider medium-term objectives to be between ten and 30 years, and long term as anything over 30 years.

Recognising when it is appropriate to invest and when it is better to save money in cash to meet your different goals is very important. In general, anything you’ll need money for in five years or less is seen as short term, while goals set five to ten years from now are considered mid term. Long-term goals are usually those for which you’ll need money in ten or more years.

Short-term goals

Short-term goals that you are aiming to achieve over the next one to five years, such as buying a new car or the next holiday, are better suited to cash savings. This is because investing in the stock market over short time frames exposes you to potential volatility, and if the market falls you will have little time to recoup any reductions in your money. If you’re only saving or investing for a relatively short period of time, you need more certainty about how your savings and investments will perform, and for your money to be easily accessible.

Mid-term goals

Medium term refers to investments with a five and ten-year time horizon. So your goal is further away than a short-term investment, but it’s not in the distant future. Medium-term investment goals might include paying for a wedding, starting a business, paying for your children’s education, or something similar. With medium-term investments, you can afford to ride out some market volatility, which you can’t in a short-term investment. You may also start introducing shares and bonds to your portfolio, as you’ll have more time to grow your investments and longer to recover from any downturns along the way.

Long-term goals

Long-term investments sit on the distant horizon, typically ten years away or more. It’s out of sight, but not entirely out of mind. A longer time horizon gives your money time to work, and time to enjoy the benefits of compounding. This is when you reinvest any returns, along with your initial investment, to generate further returns in future. It also means you’re able to diversify your portfolio, including a mix of assets that offer a healthy blend of risk and return, and with sensible protection and varied exposure. Relatively speaking, time is on your side, so you should be able to ride out the volatility of the market.

5 ways we meet your unique investment needs by providing a truly bespoke approach

1. Financial well-being

We get to understand your financial well-being so that we can build an investment portfolio around your specific individual needs and objectives.

2. Investment objectives

We get to understand your investment objectives, including risk tolerance and income requirements, to ensure that your investment portfolio reflects your needs now, and as they evolve.

3. Attitude towards investment risk

We identify your attitude towards investment risk diversifying across asset classes, geographies and sectors, so you feel comfortable with the investments that you hold.

4. Bespoke investment solution

We build you a truly bespoke investment solution based on strategic and tactical asset allocation and in-depth investment research capability.

5. Manage your investment solution

We manage your investment solution for consistent long-term performance without you having the responsibility of day-to-day decision-making so you can enjoy a secure and fulfilling future.

The value of an investment, and any income from it, can fall as well as rise and investors may not get back the full amount they put in.

The performance of investments, and therefore the returns, will be affected by the fees and charges payable, along with costs incurred by investing in the underlying funds that form a client’s portfolio.

Want to discuss the opportunities and challenges you may face?

For a free, independent and no-obligation conversation regarding your current financial status and future aims, please contact us today. To find out more about how we can help you, please contact 01952 250024 or email