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OTHER FINANCIAL GOALS
Most people will generally wish to accumulate funds to increase their net worth in order to provide themselves with a greater margin of financial security and freedom. These funds serve as a reserve for other specific financial goals such as buying a car, traveling or even a new furnishing set for their home. The investment objective of these funds is usually to maximize returns (Total Real Return) on investments whether it is in stocks, unit trusts or an insurance policy after taking into account for inflation. Since provision for a general investment fund should be undertaken only when other specific objectives such as protection, emergency funds, education needs, and retirement needs have been funded, the person is generally willing to accept considerably greater risks.
If you have such financial goals in mind, make a list now and find out in our Other Financial Goals Calculator how much these needs is going to cost you in the future and how much you'll need to save and invest now to realize your dream goals. |