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Some common goals people aim for: |
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Emergency cash
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Investing for retirement
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Investing for a child's or grandchild's education
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Buying a home
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Purchasing a car
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Buying a second home
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Furnishing a home
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Starting a business
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Paying for a wedding
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Caring for aging parents
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Are you investing for retirement, a child's education, a new home, or
some combination of these? Before you can create an investment plan,
you need to know what you're investing for to help you select the investment
vehicles that are right for you. So sit down by yourself or with a loved
one and create a clear picture of what your goals are. Think about it.
For example, in retirement, do you envision sitting by the fire knitting,
or living in France? You'll be much more likely to put forth the effort
to attain your objective once you're committed to achieving it.
Next: What are my real priorities?
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