The primary goal of investment planning is to optimize returns while managing risk effectively. Here are some key steps involved in investment planning:

1. Setting Financial Goals: Clearly define short-term and long-term financial objectives, such as saving for retirement, purchasing a house, or funding a child's education.

2. Risk Assessment: Evaluate risk tolerance by considering factors such as age, income, time horizon, and personal preferences. Understanding risk tolerance helps determine the appropriate investment options.

3. Asset Allocation: Determine the allocation of investment funds across