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How to achieve your long-term investment goals in four easy steps

by , 29 April 2014

Whatever your investment goals are, you're not going to achieve them overnight. And the chances are you'll scare yourself off the idea if you try to leap from nothing to millionaire in one rather large step. The best thing you can do to achieve any goal is to break it down into bite-sized pieces. And this is certainly the case for achieving your investment goals. So how can you achieve them? Read on to find out how…

Short-term goals will help you achieve your investment goals

The best way to achieve your investment goals is to create check points marking your way there.

Let’s look at how this could work with an example…

You want to double your money in five years, Gareth Stokes in Fear, Greed and the Stock Market explains. Thinking about this is one step may sound unachievable. But break it down into four steps and you can see how you can get there…

Step 1:
Invest R100,000 in a diversified portfolio of shares and see 15% growth. That gives you R115,000 in 12 months.

Step 2:
Then invest R100,000 in a diversified portfolio of shares and see 15% growth again. Also invest R15,000 in a some speculative shares and see 30% growth. This gives you R134,500 by the end of year two.

Step 3:
Then invest R100,000 in a diversified portfolio of shares and see 15% growth again. Invest R34,500 into speculative shares and see 50% growth. This gives you R166,750 by the end of year three.

Step 4:
Then invest R150,000 in a diversified portfolio of shares and see 20% growth. Invest R16,750 in speculative shares and achieve 50% growth. This gives you R205,125 – more than double your initial investment.

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Smaller steps help you achieve your long-term goals

By undertaking this in small steps, you didn’t have to worry about doubling your cash. The short-term goals got you there in the end by taking it one step at a time.

This is something that you need to do when you think about your investment goals. Also make short-term goals to see how you’re going to get there in steps. It’s the key to investment success.

So there you have it, how to achieve your long-term investment goals in four easy steps.



How to achieve your long-term investment goals in four easy steps
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