Table 20.1 shows typical commission charges for some round-lot transactions. To be useful, an investment goal must be specific and measurable. It must be tailored to you so that it takes into account your particular financial circumstances and needs. It must also be oriented toward the future. It must be realistic in terms of the economic conditions that prevail and the investment opportunities that are available.
Some financial planners suggest that investment goals be stated in terms of money.
Others believe that people are more motivated to work toward goals that are stated in terms of the particular things they desire. A Personal Investment Plan . Once specific goals have been formulated, investment planning is similar to planning for a business. Investment planning begins with the assessment of investment opportunities. At the very least, this requires some expert advice and careful study.