Longterm: In the investment/finance industry, longterm refers to an approach to investing or decision making that takes into account future goals or impacts that may be felt over a longer period of time. It is often contrasted with short-term strategies which are focused on meeting immediate needs or objectives. Longterm decision-making involves taking into consideration not just the immediate gains but also potential risks and losses down the road. This type of approach allows for more diversified and informed decisions that can have significant payoffs in the future.