Intelligent investing isn’t an open-ended process whereby investors use financial markets to get rich quickly. Neither is it a panacea, a one-size-fits-all process. It is rather a process that allows these investors to achieve certain financial goals. That’s why intelligent investing begins with financial planning, which includes the financial goals and priorities to be pursued; the financial constraints and the means of achieving them; and a strategy that allocates funds to different financial assets that help investors match financial goals and priorities with financial means and constraints. This means that different investors may pursue different investment strategies, as goals and priorities and means and constraints differ across individuals. Younger individuals, for instance, may pursue an investment strategy that provides maximum liquidity, as they may need the invested funds soon to pay for education or for a down payment to buy a house.