A version of this article was published in the January 2019 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website.
Investing anything--time, effort, or money--sacrifices short-term reward for a long-term payoff. Sometimes investors lose sight as to why they’re investing. Goals-based investing offers a useful structure to map out concrete investment goals, prioritize them, build portfolio to meet them, measure progress against them, and make adjustments (if necessary) to stay on track.
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Adam McCullough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.