What are goals?
In Enrich, a goal is any financial milestone you’re working toward—like retirement, your child’s education, or a new home. Each goal gets its own “micro-portfolio,” which is simply the set of investments you assign to that specific goal.
Why organize this way?
We organize by goal because each financial target often has a different timeline, risk level, and plan for when you’ll need the money. For example, funds for a home purchase in two years are managed differently than retirement savings needed in twenty. By separating your investments:
You can match risk and strategy to each goal’s timeline. Short-term goals may utilize more stable investments, while long-term goals can take on a higher level of risk.
You can track progress for each goal individually. This helps you see where you stand and make adjustments as life changes.
You know precisely what each investment is for. When it’s time to use your funds, you’re clear on what’s available for each purpose.
How it works in Enrich
Create a goal: Add as many goals as you like, or create a custom one if needed.
Assign investments: Link your accounts and attribute specific assets to each goal.
Adjust as needed: If you want to keep things simple, you can use a single goal (like “Build Wealth”) for all your investments, or move investments between goals as your plans evolve.
Summary
This approach is designed to give you clarity and flexibility. By organizing investments around your goals, you can manage each part of your financial life on its own terms and make more informed decisions as you progress.