Align your investments with goals

Most of us have never made an appropriate list of our financial goals due to which we are exposed to the risk of a mismatch

In the month of May in 2019, I was returning from Ahmedabad by Duronto Express. This was a non-stop train between Ahmedabad and Mumbai. A fellow passenger wanted to get down at Borivali. However, he was not aware that the train wouldn’t stop there. He had two options, either to jump off the train at Borivali station, which was obviously a riskier option, or to travel all the way up to Mumbai Central and then make his way back to Borivali. He opted for the latter and had to make arrangements to travel to Borivali. His time got wasted, money spent and energy drained. All because there was a mismatch between the station he wished to get down and the train he had booked.