Investing is like a game of golf.

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Investing is like a game of golf.

Investing like golf is a game of skill and luck (labor under correct knowledge).
To achieve a good game, the golfer needs to know the correct clubs to use, know the course layout, the terrain, the roughs as well as other hazards in the golf course. A championship golfer discusses the course and strategy with his pro-caddie. Whilst it is great to have a hole-in-one, the game plan is never focused on that event.

The best plan outline can sometimes get stuck when the wind and weather conditions changes and that's why there is always a plan B. The essence of the game is to always monitor the ball position after every stroke and with proper knowledge of the basics of the game, the golfer adjusts the next shot as he plays towards the hole.

Golf requires us to monitor our game, record our scores for every hole in a score-card and total up the final scores after completing the game. Some holes will be pared, some will be birdied and some will be bogeyed. That’s how the game goes. Just like investing.

Investing and Golfing – A Comparison.

A Game of Golf	Investing In Unit Trust
* Game comprises of a challenging course with roughs and hazards over18 holes.	Comprises of many ups and downs in the stock market over the medium to long term i.e. 3-5 years or more.
* Each hole played with club combinations e.g. wood, iron and putter.	Each bull and bear cycle needs to be adjusted with equities, averaging downs and switches into non-equity funds.
* Sometimes you score a birdie in one hole and bogey the next.	Sometimes you will manage to switch at the optimum market cycle, sometimes you won't.
* There are sand traps, roughs and water hazards.	There are stock risks, business cycle risks and all sorts of other risks.
* Patience and discipline is needed	Patience and discipline is needed.
* Need to put in a lot of practice to improve your game.	Need to gather information to improve your decision making.
* You need a scorecard to keep track of your game.	You need to monitor your portfolio’s performance.
* At the start of our game, it helps to get a professional to teach and guide you.	At the beginning stage of investing, it helps to get a good unit trust specialist to teach and guide you.
* A par game is a good game	If you avoid losing on your capital, you are a good investor.
* A consistent under-par game would make you a championship player.	When you consistently log-in between 8%-12% p.a. returns, you are a investment guru.
* Even a master or a PGA pro sometimes play over par.	You will sometimes misread the business cycle and make a wrong call and miss out on optimum returns.
* After the range practice, you got to get on the greens to play.	After reading and studying, you got to put in some investment capital.
* You need mental strength to finish the game.	You need mental strength to stay focused and not panic in investing.
* Constantly review your game and continue improving on your skill sets.	You need to constantly review your investment status with your unit trust advisor to continue improving your investing skills.

We wish you successful investing.