Investment planning is the process of setting financial goals and creating a strategy to achieve them through various investment options. It involves assessing your current financial situation, understanding your risk tolerance, and determining the time frame for your investments. Common investment vehicles include stocks, bonds, and mutual funds, each offering different levels of risk and potential returns. A well-structured investment plan helps individuals and businesses make informed decisions about where to allocate their resources. By diversifying investments and regularly reviewing performance, investors can adapt to changing market conditions and work towards achieving their financial objectives, such as retirement savings or funding education.