On paper we know exactly what our financial goals are:
Get the greatest return on our money!
But that’s sooo much easier said than done.
If you start any ‘stock investing / trading’ course this is usually the first thing you are taught. It’s what I call ‘politically correct teaching’. Or something to fill in the space to show you that you are learning. Because knowing what your financial goals are and achieving them can’t be two more different from each other- especially in a course.
However, a general idea of what you want to do with your money, is a GOOD idea!
There is no doubt in my mind that having a plan is essential road mapping to where you want to invest your money. However, the main downside to this is you CANNOT predict anything when it comes to Mr. Market.
The only thing you really need to focus on to fulfill your goals when it comes to investing and trading is having a strong, specific trading plan in place. Then, and only then, you can think of your goals to come to fruition.
In my opinion, have a GENERAL layout. But don’t get to wrapped up in the exact numbers. This will help you figure out more of where you should start.