Hi Investors
The FIFA World Cup 2018 is well on now. And who would have guessed that there are investing lessons that we can learn from it?
Let’s dive deeper:
⚽ 1. Set Your Goals
If you don’t set your sight on your goals, how will you ever be able to achieve them? Just as the teams come into the World Cup to win for country honours, so should you. You should set your financial goals – emergency funds, family, fun, holidays and most importantly investing.
How much returns do I want per year? 5%, 10%, 20%?
Play the game to win.
⚽ 2. Have A Good Mix In Your Portfolio
In the game of football, you will have different players playing different positions. You have the goalkeeper, defender, midfielder, and attacker. Same goes for the principles in investing.
Who is your goalkeeper? Keeping your cash in the bank or CPF?
Who is your defender? Singapore Savings Bonds? Companies that are slow growth yet stable, to protect your investments?
Who is your midfielder? Companies that grow well and pay dividends?
Who is your striker? High growth stocks?
It takes a team to win a game, so make sure you have a good line-up in your investment portfolio.
⚽3. Review Your Strategies
Just like in the game of football where you have the half-time break, same goes for the principles of investing. You will need to review your strategies periodically to find out what is working and what’s not.
That way, you can have an overview of what stocks that you can hold, buy some more, or sell off to limit losses or gain profits.
⚽4. Keep yourself updated
When we say keep yourself updated, it does not mean that you have to be looking at the stock prices every 5 minutes or so every single day. Just keep tabs on what’s going up and about in the stock market, the trends, and who knows you might just discover a value for money stock that you have not discovered previously!
It also helps to have a group of like
⚽5. Have a financial coach-minded friends or a supportive community in order to achieve your investing goals. Remember, birds of a feather, flock together.
If you want to go somewhere that you’ve never been, you have to do what you have never done before. And the quickest way to do that is to learn from someone that has achieved what you want and can show you the way.
A coach not only guides you to the right path, but he can also steer you away from making costly mistakes and save you the heartache from losing your hard earned money if you invest without proper knowledge.
Mind Kinesis Research Team
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