Have a Plan

Education

Saxo Group

Mission control_GL_Investment planning steps_1080X1080
Don’t just wing it 

Would you attempt to build a treehouse without a plan? Personally, we’d research various treehouse designs. How many children will use it? How big does it need to be? Would it be better to build a small treehouse close to the ground now and a larger, higher treehouse when our children are older? Which of our trees can accommodate such a treehouse? How much wood and hardware do we need? What type of wood and hardware do I need? Wow! We sure need a plan. 

What are your goals? 

What are you saving for? Are you saving for a new car? Are you saving for your children’s tuition? Are you saving to purchase a vacation home? Are you saving for retirement? Are you saving in order to be able to leave money to your children or to your favorite charity?  

How much time do you have? 

Think about this in two ways. First, how much time do you have to reach a particular goal? If your children will need tuition in exactly five years, then you have no time flexibility. If you plan to retire 25 to 30 or so, you have quite a bit more flexibility. Second, how much time do you have left as a person. Sadly, none of us live forever, and if you are 25 years old you have a lot more time flexibility than a person who is 70 years old. 

What is your financial situation? 

In terms of current savings and investments, what do you have right now? It’s pretty obvious, but the more you have now, the easier it will be to achieve your goals. It will also give you some flexibility in terms of the types of investments you can make. With more money, you will be able to take on more risk and possibly achieve even more goals.  

What is your regular financial budget? 

How much money can you afford to regularly contribute to your investment portfolio? In much the same way, the more money you can afford to regularly contribute and help grow your savings and investments, the more flexibility you will have in terms of asset class choices and risk acceptance. 

Tailor your plan 

Given your goals, goal specific time horizons, current financial situation and your ability regularly contribute to your savings and investment accounts, you have the building blocks to tailor your investments specifically to your personal situation.  

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
Full disclaimer (https://www.home.saxo/legal/disclaimer/saxo-disclaimer)
Full disclaimer (https://www.home.saxo/legal/saxoselect-disclaimer/disclaimer)

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

Contact Saxo

Select region

International
International

Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.