FYI: “Goals-based what?”
That was my response when I when I first heard the now-ubiquitous term “goals-based investing” several years ago. Isn’t all investing “goals-based”? And if people aren’t investing with goals in mind, what are they doing?
It’s obvious that goals should underpin all of the investing we do. That’s the reason I made “having a goal” as the very base of my investment pyramid, well before jobs like setting your asset allocation and miles ahead of selecting securities.
Regards,
Ted
https://www.morningstar.com/articles/928056/the-foundation-of-every-proper-investment-plan.html
