{"id":2463,"date":"2023-06-05T07:31:25","date_gmt":"2023-06-05T07:31:25","guid":{"rendered":"https:\/\/www.syfe.com\/au\/learn\/?p=2463"},"modified":"2023-08-04T07:14:58","modified_gmt":"2023-08-04T07:14:58","slug":"why-setting-goals-matters-and-why-you-should-care","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/au\/learn\/why-setting-goals-matters-and-why-you-should-care\/","title":{"rendered":"Why Setting Goals Matters (And Why You Should Care)\u00a0"},"content":{"rendered":"\n
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By setting goals we can create improved habits, get focused on what truly matters, and get the inspiration required to sustain momentum over the long term.  <\/p>\n\n\n\n

Let\u2019s unpack those concepts and how they relate to achieving your financial & investment goals in 2023 and beyond.<\/p>\n\n\n\n

Habits<\/strong> <\/h2>\n\n\n\n

It was the famous Greek philosopher Aristotle who said: \u2018We are what we repeatedly do, excellence, therefore, isn\u2019t an act, but a habit.\u2019<\/p>\n\n\n\n

Great investors are those who consistently invest, no matter how big or small. This idea of consistency will vary based on which kind of investor you are. <\/p>\n\n\n\n

For DIY investors that might involve dissecting earnings reports, following market news, or understanding why analysts currently like or dislike a stock – and making consistent investment decisions off the back of your own research.<\/p>\n\n\n\n

For those who would rather take a hands off approach, consistency likely looks a little different. It could involve setting up a recurring buy in a tried and true ETF like the SPDR S&P 500 ETF Trust or SPY, or even checking your portfolio every six months to make sure it is still aligned with your goals.  <\/p>\n\n\n\n

And if you did discover that your investment portfolio was no longer aligned with your goals, it could be a perfect time to explore new investment opportunities and products. For example, with Syfe\u2019s ready made Smart Baskets<\/a> you can discover new investments – based on your risk tolerance, time horizon, and investment style, by playing around with just a few optional filters. <\/p>\n\n\n\n

Focus <\/strong><\/h2>\n\n\n\n

For new investors knowing where to start investing can be incredibly difficult. Even for financial markets veterans – knowing where to invest next – can be a tricky proposition. <\/p>\n\n\n\n

With Syfe there are 12,000+ stocks and ETFs, spanning Aussie and US markets – that you can invest in from the palm of your hands. <\/p>\n\n\n\n

While that may be ideal for investors who follow the markets closely, for those who read the earnings reports of companies like: Apple, Amazon, and Tesla; for everyone else 12 thousand options may as well be 12 million.<\/p>\n\n\n\n

Smart Baskets<\/a> bring a better way to focus your investing and achieve your financial goals. Instead of thinking about investing in terms of which is the best stock – Apple, Amazon or the hottest market mover of the month, Smart Baskets help you to start thinking in terms of what you want to get out of investing. <\/p>\n\n\n\n

Such questions worth thinking about include: What are your goals? And what do you need to achieve them? In this context, consider: <\/p>\n\n\n\n