What should I do if my investment goals change?

If an individual's investment goals change, it is wise to reassess their entire investment strategy to ensure that it aligns with the new objectives. One potential first step is to clearly define the new goals. This may involve considering factors such as time horizon, risk tolerance, and expected returns. For instance, if the individual is now seeking growth rather than preservation of capital, they may need to adjust their asset allocation accordingly. After clarifying the new goals, it may be beneficial to review the current investment portfolio. This includes evaluating whether existing investments are still suitable for the revised objectives. If necessary, reallocating assets to different classes or sectors that better fit the new goals could be essential. Additionally, seeking guidance from a financial professional can provide tailored insights and recommendations specific to individual situations. Those who prefer to manage their investments independently may find that conducting thorough research and utilizing available tools online will help facilitate the necessary adjustments. For further information and resources, individuals may want to visit the official Delaware Investments website where additional guidance can be found.