Read?
The Goal Is To Have No Goals, But To Have...
- When you have goal, the route to it becomes a labour. Put it another way, it is too linear and anything linear is hardly fun or interesting.
- The imagination becomes closed to other possibilities. A goal limits your actions. There isn't room to exploreother pathways.
- The goal usually need to be precise and has time-limit. This is exact reason why goals backfire- they encourage us to focus narrowly.
As retail investors; you are answerable to
nobody except yourself and also there are no bosses to set S.M.A.R.T Goals or KPIs for you to achieve and reward you accordingly.
Why do you have to set S.M.A.R.T investing goals for yourself?
For investing goals; you avoid acting smart and be dumb by setting Stretch Goals or Band Range Goals.
Like Uncle8888 setting his 10-years investing goals ......
