7.1.3 Life stages and your investment goals

What you want from your investments depends on who you are. Your goals may be:

Your investment goals will be different from those of other people, and they will change as you go through your life. Usually, you have a variety of goals at the same time. You may be looking for long-term growth in value with a Registered Retirement Savings Plan (RRSP), but also want a secure and flexible fund for emergencies. Each household will have a variety of objectives, and will need a different investment strategy for each one.

The investment choices that are best for you will also change as your investment goals change. For example:

One easy way to see how personal factors affect investment choices is to think about your life stage—the phase of your life that you are in.

Because investing goals and strategies vary from person to person, it's important to understand what your goals are when you plan your own investments and when you are asking for professional advice.

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