Investing can be done at any age and during any part of a person's life. However, whether you believe you are too old to start investing is a both a matter of principle and a measure of your risk tolerance and investment goals.
Your investment goals are a measure of what you want to achieve from your investment and what these goals will allow you to do if the investment is successful. Short-term goals are essentially just that - short-term financial objectives that you set which are personally important to you in the short-term. These goals may vary from purchasing a house to establishing capital (money) for a new business.
Long-Term goals are longer-term financial objectives that will give you financial independence and allow you to retire at the age you desire with a large amount of net worth. Lower priority goals include non-critical objectives that you would like to achieve but do not rank as highly as your short or long term goals. These goals may include buying a new television or going on a holiday. It is important to have a strong understanding of these goals, establishing the best overall set of investment goals for you.
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