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 ?
LAHORE -- Ameer, Jamaat e Islami, Pakistan, Senator Sirajul Haq, has said that long-term planning was required to steer the country out of the present mess and the services of every talented person should be utilized for this cause.
"This merger will minimize overlap and duplication between the two planning departments, while streamlining the planning process for the public and ensuring a better coordination of our short-term and long-term planning efforts," Mayor G.T.
He stated that we only makes short-term planning instead of long-term planning but on the other side China is acting upon on the long-term planning.
Former sports minister Hugh Robertson said this was the success of long-term planning. Gold medal boxer Nicola Adams said it was in the national interest.
* Need for long-term planning: To ensure that the information can be retrieved from any media requires long-term planning.
19 (BNA): A course on long-term planning in the field of sports, organized by the Bahrain Olympic Committee's Sports Training and Development Centre, got underway on Saturday.
She said an immediate priority to aid long-term planning is getting the housing strategy approved by the UAE Cabinet.
TEHRAN (FNA)- Iranian Air Force Commander Brigadier General Hassan Shah Safi underlined the need for long-term planning in the field of parts manufacturing and indigenizing production of the parts and components needed for his force's fighter jets and aircraft.
Prior to joining Happold Consulting, Maron served in various roles in city government, including Deputy Director of the New York City Mayor's Office of Long-Term Planning and Sustainability.
The combined focus on imminent tax issues and tight resources results in less time for long-term planning. More than half (58 percent of respondents) do not spend more than 10 percent of their time on long-term planning.

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