As you go through life, you’ll have many financial goals. Fortunately, you don’t need to achieve them all at the same time. But when you have a mix of short- and long-term goals, you will need to pursue some different investment strategies simultaneously.
Your short-term goals may depend somewhat on your stage in life. For example, when you’re starting out with your career and you’re beginning to raise a family, you may well have a goal of saving enough money for a down payment on a home. Later on, though, you may decide you want to travel the world for a year.