When it comes to managing finance and investment planning, you need to be sure about your financial goals. It could be buying a second home, financing a wedding, funding your child’s education, ensuring a regular income post retirement and so forth.
For each goal, you need to consider:

• Time Horizon
• Risk Taking Ability
• Amount you can set aside regularly plus lump sum.
• Inflation- most critical

So if you have more time to reach your goals, you can afford to take more risks with equities that have the potential for higher growth. Plus, you can also ride out short term market volatility. And more time gives your money the power of compounding too. Which means, you actually need to save less to reach your goal.