What Is an Investment Plan? An investment plan is part of a comprehensive financial plan that maps out an investing strategy to help you meet your long and short term goals, such as retirement or buying a house.
In this way, what are the 4 types of investments?
Types of Investments
- Stocks.
- Bonds.
- Investment Funds.
- Bank Products.
- Options.
- Annuities.
- Retirement.
- Saving for Education.
In this manner, what is investment planning and financial planning? Investment planning is the process of matching your financial goals and objectives with your financial resources. Investment planning is a core component of financial planning. … There are thousands of different investments. The most commonly used are cash, equities, bonds and property.
Moreover, what are the 5 steps in financial planning?
5 steps to financial planning success
- Step 1 – Defining and agreeing your financial objectives and goals. …
- Step 2 – Gathering your financial and personal information. …
- Step 3 – Analysing your financial and personal information. …
- Step 4 – Development and presentation of the financial plan. …
- Step 5 – Implementation and review of the financial plan. …
- Conclusion.