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Funding future goals: How to increase your investment success

2 November 2017Equities
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Funding future goals: How to increase your investment success

  • A 2015 psychologist study suggests that prioritising future goals goes against our nature
  • The same study suggests that formulating and tracking your financial plans can improve investment success by 77%

Whether you've been dreaming of setting up a new business or setting up your children's future, getting the most out of your wealth is key, and for some this may mean long-term planning,

The human nature conundrum

According to Parliamentary Office of Science and Technology, offered the choice of travelling around the world or a down payment on a second home, many people would choose the former. In fact, psychologists suggest that prioritising future goals goes against our nature, as humans are more inclined to seek near-term gratification over long-term benefits1.

Naturally, this means that many people may be less likely to look at long term investment opportunities, and those that do may often lack the patience to reap the full rewards.

The truth is in the evidence

Investors could prove to be less long-sighted too. A 2016 Dalbar report showed that the majority of equity and bond mutual fund investors committed to their assets for less than four years. As a result, they achieved lower returns than predicted. Being able to follow through with your plan is crucial for any long-term investment.

The secret to successful forward planning

When it comes to long-term investing, setting goals can be a good first step. But tracking and committing to those goals can be even more important. A 2015 study by psychologist Dr Gail Matthews at Dominican University revealed that people who wrote down their goals were 42% more likely to achieve them than those who didn't. Furthermore, those who wrote down their goals, created a future plan and tracked their progress, saw a 77% higher success rate.

Citi believe that the key to making your investments work harder is to know exactly what you want them to achieve for you. Once you pin this down, the next step is to formulate a tangible plan to get there through long-term investments., which Citi can help with.

Christopher Paris, one of Citi's Relationship Managers, says, "Many professionals have excellent knowledge of financial markets however they do not have the time to invest. My team is able to understand their financial goals and provide investment solutions across different sectors, countries and product types."

Staying focused to achieve your goals

It's easy to stray off track when you're planning for the future - that's why it's so important to keep track of your investments, say Citi. Once you've set your goal, our Relationship Managers work with you to monitor your investments and strive to ensure that your assets continue to match your future plans.

"Not only do we make the initial recommendation, but we provide ongoing advice and a regular review on our client's portfolio", explains Christopher.

With Citigold Wealth Management, you can manage your investments in the way that suits you. Speak to us today to find out more about our tailored investment plans.


1 https://www.parliament.uk/documents/post/postpn328.pdf

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