Saxo Group
Summary: Without a destination, you cannot make a plan. That is why you need to consider setting your financial goals. Defining your goals can help you prepare for your future.
You may want to start saving for your next big trip in 10 years, grow your retirement savings, start your own business, or secure your children’s future. Each of those are exciting goals, but they require different strategies to achieve.
Deciding on your financial aspirations is easy. Working out how you achieve your financial aspirations can be more challenging. This is where SaxoWealthCare comes in. You tell us your goals, and our innovative technology will create a personalised portfolio to help you increase your chances of achieving your goals.
Here are 5 benefits of setting financial goals:Once you define your goals, SaxoWealthCare will design a plan focused on helping you to achieve them.
Benefit 2: You understand your prioritiesLife is full of distractions. Between family, work, friends, hobbies, and everything else, it is hard to take the time to consider what really matters to you. When it comes to financial goals, there may be an endless list, and it can be challenging to know how to achieve them all. It is important to reflect on what your highest priority life goals are. Only then can you identify what matters most. It is these goals which can be used to drive your life plan.
Benefit 3: You stay motivatedReaching your financial goals takes effort and discipline. When you take the right steps to achieve your goals, it is worth celebrating – both the big and small wins. Some goals are accomplished quickly, and others require more time. As you reach the key milestones you set along the way, reward yourself. It is hard work to reach your financial goals, so have some fun too by celebrating your achievements.
SaxoWealthCare will help you to build your own personalised investment plan to help you achieve your financial goals. When your plan is off track during times of market turmoil and you experience losses, the digital assistant of SaxoWealthCare will help you bring your plan back on track.
Once you have built your personalised plan with your financial goals, SaxoWealthCare starts tracking your progress and helps you visualise how to get back on track if needed
However, long-term planning is harder than it seems because your goals change over time. Your goals today might be questionable or unclear. Later on they may become more or less important. Don’t worry, you can always adjust your goals and change your plan accordingly.2024: The wasted year
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
As US economic slowdown hints at a shift away from exceptionalism, USD faces downside with looming Fed cuts. AUD and NZD set to outperform as their rate cuts lag. JPY gains on carry unwind bets and BOJ pivot.
Amid AI and obesity drug excitement, equities see varied prospects: neutral on overvalued US stocks, negative on Japan due to JPY risks, positive on Europe. European defence stocks gain appeal.
With the economic slowdown, quality assets will gain favour, especially sovereign bonds up to 5 years. Central banks' potential rate cuts in Q2 suggest extending duration, despite policy and inflation concerns.
Commodities poised for rebound. The "Year of the Metal" boosts gold and silver, copper awaits rate cuts. Grains may recover, natural gas stabilises. Gold targets $2,300-$2,500/oz, copper's breakout could signal growth.
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
As US economic slowdown hints at a shift away from exceptionalism, USD faces downside with looming Fed cuts. AUD and NZD set to outperform as their rate cuts lag. JPY gains on carry unwind bets and BOJ pivot.
Amid AI and obesity drug excitement, equities see varied prospects: neutral on overvalued US stocks, negative on Japan due to JPY risks, positive on Europe. European defence stocks gain appeal.
With the economic slowdown, quality assets will gain favour, especially sovereign bonds up to 5 years. Central banks' potential rate cuts in Q2 suggest extending duration, despite policy and inflation concerns.
Commodities poised for rebound. The "Year of the Metal" boosts gold and silver, copper awaits rate cuts. Grains may recover, natural gas stabilises. Gold targets $2,300-$2,500/oz, copper's breakout could signal growth.
