Do you know how much money you need to meet your goals?
Do you know what rate of investment returns you need to meet these goals?
Notice that I said need and not want.
These are two different things and many confuse the two. As the old saying goes, you cannot make a cake without breaking eggs. You also cannot achieve higher investment returns without taking greater risk.
How much risk you take depends on how much return you need. If you need annual returns of 10%, you are going to have to take significant risk that your portfolio might lose value. If you need annual returns of 5%, you can take a lot less risk.
Knowing what investment returns you need to achieve your goals will help you determine how much risk you need to take. Find out what returns you need using the free goal calculators here.
Please note that these free calculators are provided for informational purposes only. For personal investment advice, users are urged to contact their financial advisors.