Setting investment goals helps you define what you want to achieve with your investments. For example, if your goal is to save $100,000 in 10 years, you'll need to invest a certain amount each month. If you start with $0 and expect an average annual return of 5%, you would need to invest approximately $833 every month to reach that goal. This keeps you focused and allows for better planning of your investment strategies.

Investment goals are specific objectives that guide your investment decisions, whether it's saving for a home, funding education, or building wealth for retirement. Having clear goals helps tailor your investment strategy and time frame.