Long-term financial plan

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Long-term financial plan

Financial plan covering two or more years of future operations.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Long-Term Financial Plan

An investment plan or strategy with a term of usually longer than one year. A long-term financial plan involves more uncertainty than anything short-term because, typically, market trends are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to enjoy financial security in retirement. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Two factors, which according to Burman, has often caused them problems towards a long term financial planning is the two-month span of the league which he calls "too short," along with the two-year time lapse of the auction.
The introduction of Bancatakaful solutions offers us an added opportunity to expand our product range and provides more opportunities to JS Banks customers for their long term financial planning needs.
If people were to dedicate more time to their long term financial planning, they wouldn't just be better off financially, they're likely to be better off all round."
Deputy CEO, Head of Group Strategy and Corporate Communications, Mr Saad Mouasher, said, AoOur aim is to reach all members of society throughout the Kingdom, not just to promote these new saving products but also to help instill a culture of saving responsibly in our community, with a focus on long term financial planning, rather than the short term focus of merely winning prizes.
It accuses the council of a lack of long term financial planning, citing the city's pounds 20m 2008 finance shortfall as a concern.
He added: "Now is the time to focus on what the changes really mean, how they will actually affect you and most importantly, not lose sight of how they integrate with your long term financial planning.

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