- 3 year short term investing goal to build up funds for a mortgage down payment
- 10 year long term investing goal to build up a retirement fund
This article was submitted by a Guest Contributor. The opinions expressed in this publication are those of the Guest Contributor.
1. Not adjusting strategies for short and long-term investing
We often talk about long-term investing – but what is long-term to you?
Most of us have short-term and long-term goals, and this requires a different strategy to achieve.
When you allocate money to investing, what goal are you trying to achieve?
Have different strategies for your short-term and long-term investing goals – your risk tolerance for each will be different.
For instance,