Goal

Goal Type

Target Date

Action Plan Required

Education

Short term

2012

Finance your fees partly from your parents’ funds and partly by taking loan.

Two-wheeler

Medium term

2015

By 2013 it’s expected you would begin to earn money. So you can save RMB10,000 every year so in three years you can have enough funds to buy a vehicle.

Vacation

Medium term

2018

Also keeping in mind this goal you can make suitable investments like equity and mutual funds to earn sufficient returns to fund the vacation for your parents provided you plan well in advance.

Marriage

Long term

2020

Make investments in equities, debt and mutual funds which will give you sufficient returns to cover your expenses.

House

Long term

2022

You can make investments in fixed deposits which will help you to lock away funds for this goal, however as this would not be enough you should look at other options as well,