How to Make Better Investment Decisions for Your Future

Shutterstock

As an investor thinking about your financial future, you can minimize your risks and maximize your returns with the right strategies and thorough research. It starts with avoiding making snap, emotional decisions based on the ups and downs of a volatile market by focusing on your long-term financial goals and objective due diligence.

Here are key ways you can make better investment decisions for your future.

Write Down Specific Financial Goals and Timelines

Writing down the specifics of your financial goals and associated timelines—whether you want to buy a 4-bedroom house in two years, send two children through college for $150,000, or retire with $1.2 million by age 55—gives you the target amounts and dates that determine the best path forward for your saving and investing.