1. The investment and financial management objectives are not clear

First of all, we need to determine a financial management goal. Why should we conduct financial management? Once the goal is set, the result is half success. As for the financial objectives, many people will say that I will save some money for marriage, I will raise an education fund for my children, I will buy a house and a car, and I will leave some pension security for my retirement. Indeed, these are very good financial wishes, but they are not clear financial objectives. Have you ever thought that if you want to buy a house, do you want to buy two rooms and one hall with an area of 80 square meters or three rooms and two halls with an area of 130 square meters? Do you want to buy multi-storey, small high-rise or high-rise? When are you going to buy a house? When we select the financial management goal, we often only give a relatively vague concept, and the financial management result cannot be accurately calculated in currency, and there is no specific time limit to achieve the goal. Such a vague concept often only makes us in a dreamy state, and there is no legal system to determine the appropriate financial management plan. Even if there is a financial management plan, it will make the plan appear quite blind and empty.

2. Personal target income expectation is too high

Each wealth manager will set his own financial goals and hope to realize his dream through certain financial means and time accumulation. But not all goals can be achieved. Some goals are unreachable for many people. For example, a small employee with a monthly income of only more than $2000 plans to buy a house worth more than $2 million and a car worth $200000 within five years. Although these are his dreams, the possibility of realizing them in just five years is almost zero. The reason why the wealth manager will have too high expected income when setting the wealth management goal is that everyone has a desire in their heart, and the desire will expand with unrealistic ideas. However, this is not a good thing for investment and financial management. The high target expectation is not in line with the reality, which will cause the financier to be in a dreamy state all the time, and there is no corresponding plan to achieve this goal. Secondly, it will make people use more risky tools in the financial management plan to gain more profits, which is not in line with the principle of safety, stability, preservation and appreciation that financial management activities have always followed.

3. Often only for a single goal

There are various financial objectives, such as buying a house and car for marriage, education and training of children, retirement, etc. These are the most basic financial objectives that we will encounter in our life. However, in the general process of financial management, these goals are often separated separately, that is, financial management is only for a single goal, which is also a mistake that financial managers often make when setting financial management goals. Because these goals are at different stages of our life cycle, at a certain stage, our financial activities are only because of some special needs at that stage, and while meeting this need, we will not think of other potential needs that may exist in the later stage of life, only when we are about to enter the next life cycle, When this potential demand was imminent, we began to realize the necessity of financing for this potential demand, but at this time we have lost the best opportunity for financing. What we lack is to set financial management goals from the perspective of the whole life, so the results of financial management are often overlooked, and the effect of financial management can also be imagined.

Conclusion

The above problems are the problems we have summarized in personal investment and financial management. Many people who fail in investment and financial management make the above mistakes. I hope you can take a warning after reading this article

（Writer：Laurro）