Goal based investing and Mental accounting

How is goal based investing different to mental accounting approach to investing ?

goal based investing is you invest based on need ing a certain outcomein a few years time and you build a portfoliot hat increases the likelihood of achieving that financial goal. mental accounting deals with asset segregation and building a portoflio that is segregated essentially into different risk buckets for different goals.


Is goal based investing where you invest based on your aversion to shortfall risk…or is that life cycle investing…damn need to re-read Schweser on that topic

i think goal based investing exibit mental accounting