How To Set Investment Goals

Knowing how to save and invest is a big part of financial planning, and it will help you achieve a secure future where you can afford a new home, a new car, or a regular holiday with your family. Knowing when to save and when to invest now will also remove any financial stress around your eventual retirement.

There is a lot of financial advice for investment, but you don’t necessarily need to call upon experts just to identify your investment goals and start making moves towards them. Setting investment goals is the same as setting any other goals, in that you must consider the timeframe, relevance of the goal, and how measurable and sustainable it is. 

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Expert financial advice and investment guidance is valuable when it comes to deciding how to invest your money, as well as how to get your finances in order ahead of time. However, simply setting your investment goals right now will help create a roadmap that brings your ultimate goals into focus. Knowing your goals before speaking to a financial advisor in Derby will help your advisor streamline your investment options where they will be most effective.

You can also set more than one goal, such as a long-term goal to buy a house, and a shorter-term goal to buy a new car or save up for that dream holiday. Now let’s look at the frameworks that can help you learn how to save and invest. 


There are several frameworks we can use as financial advice, investment planning, and goal-setting in general. These frameworks help us focus on the steps we need to take to achieve our goal.


The SMART framework is an acronym for ‘Specific, Measurable, Achievable, Relevant, Time-Bound’. It means you must be specific with your goal and ensure you can measure your progress. The goal must also be realistic, and something that will actually improve your life. Finally, you must set a timeframe within which to achieve the goal, to ensure you do not slack off.


Similarly, the Five Rs framework is another way to identify your goals and keep you on track to achieve them. The Rs are ‘Results, Reasons, Reflection, Resources, Responsibilities’. The first R is again about being specific with the goal you want to achieve. The second R is about understanding why you want to achieve the goal, and the third R is about gaining perspective on how the goal is impacting your life. The fourth R is about preparation and ensuring you have everything you need to take each step toward your goal. The final R is about holding yourself accountable for any failure to maintain your momentum.


One more framework that can be useful for knowing when to save and when to invest is the Five Cs. Popular in sports, the Five Cs are commitment, communication, concentration, control, and confidence. They are pretty self-explanatory and keeping them in mind will help you create a psychologically informed environment that will keep you pushing hard to achieve your goals.

If you want to learn more about how to save and invest, then contact the experts at Integritas Financial Planners for financial advice on investment.

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