Talk:Investing plan for short term goals

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Proposed investing plan

Here is the "proposed investing plan" section from the temporary IPS user page:

In some circumstances, a prospective investor may have a relatively simple or short-term (say, 5 years or less) goal that does not require a full investment policy statement. In those cases, a relatively simple Investing Plan may suffice. (Based on "Create your investment plan".)

An investing plan can be as easy as following these simple steps:

  • Step 1 - Formulate your goals. Be as specific as possible, realizing that you’ll make changes as the years go by.
  • Step 2 - Set up a plan for each goal. The plan consists of identifying what type of account you will use to save the money, when you will need the money, and choosing the amount you will put towards the goal each year. Include a backup plan in case the returns you’re planning on don’t materialize.
  • Step 3 - Decide your level of risk tolerance. This determines your Asset allocation - the amount of stocks and bonds in your portfolio.
  • Step 4 - Select the best (usually lowest cost) investments to fulfill your desired asset allocation.
  • Step 5 - Rebalance the portfolio every year.

Do we want to work from that, or keep the four existing steps? --Quebec 07:00, 15 March 2018 (CDT)

I copied the section from the existing investment policy statement article and don't have a strong viewpoint one way or the other. Be bold if you wish, it is a collaborative effort after all. One minor issue, I'd rather see the risk tolerance wiki link point to something within finiki. Generally internal links for content articles should stay within finiki rather than taking the reader to the Bogleheads wiki, but I also acknowledge there are probably exceptions. --Peculiar Investor 08:24, 15 March 2018 (CDT)
Please copy relevant Bogleheads' wiki content to finiki. The Bogleheads' wiki is optimized for US investors (with some exceptions for outside the US). Canadian investors are always referred to finiki. Customisations for Canada can, and should, be done here. Behavioural pitfalls is one example which has no customisation - but you have the flexibility to do so if the need arises. --LadyGeek 19:32, 15 March 2018 (CDT)
There are already two finiki articles on risk, see Risk and return and Risk (without charts or algebra). Do they not provide sufficient coverage of the topic? One more related topic Behavioural pitfalls exists as well. --Peculiar Investor 07:47, 16 March 2018 (CDT)

Undo Article title change (i.e. move)?

I'm not sure that the new article title of Investing plan for short term goals is better than the previous version Investment plan. I think it lacks conciseness and it doesn't seem logical as something to link into other articles or as the subject that someone might be searching. I'm guessing the article title change is related to the potential confusion with the existing Investment planning article. Perhaps they need to be rationalized/merged. --Peculiar Investor 07:30, 16 March 2018 (CDT)

Please have a look at the two examples I just added. Very basic stuff. No deep soul searching needed about what is risk, inflation, black swans or withdrawal rates. Amounts involved relatively small. Therefore, the four steps are very simple. In my opinion such a simple plan would not be enough for long term, high-stakes goal such as retirement, for which a full IPS is justified. Hence the new title: Investing plan for short term goals. --Quebec 07:57, 16 March 2018 (CDT)
In terms of searching, within finiki, if someone searches "investing plan", they will find what they want through the automatic redirect that was left during the name change.--Quebec 11:48, 16 March 2018 (CDT)

Investors associate the term "plan" and "statement" to have the same meaning. The redirect prevents me from finding Investment policy statement from the search box.

The automatic redirect should instead go to Investment policy statement. Investing plan for short term goals can then be referenced from Investment policy statement as a specialized sub-topic as follows:

--LadyGeek 18:56, 16 March 2018 (CDT)

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