When you have an investment goal, you need to have a plan to attain it. What is the difference between investing and stock trading? What about the difference from investing and having an investment goal?
Goal
Let’s break it down. For example, what if your ultimate goal was to get $1 million in order to purchase a McDonalds franchise. This is your investment goal. Now that you have your goal in mind, you need to ask yourself: How do I plan on making $1 million?
Investment Plans
Now you need to develop plans to get to your ultimate goal. This can now be done in a few different ways. For example, you could:
- Start trading in the stock market
- Go back to school
- Get a better job
- Budget to start saving more affectively
So really, stock trading can be a part of your plan to get to your investment goals. Each plan is just a piece of the puzzle of your ultimate goal: $1 million to invest in a McDonalds franchise.
But you must decide what you have to invest to be a part of your plan. You can invest:
- Your time
- Your money
- In education
Ask yourself: Do I have an investment plan? What is my goal? What is the time frame that I can accomplish this goal?
Please reach out and let me know what your investment goals are and where you are at in attaining them. Click here to register for my option trading webinar to discover how you can trade in any market condition to help reach your investment goals.