With Wimbledon in full swing; Ingram compared it to investment strategies.
He looked at the book "Extraordinary Tennis for the Ordinary Tennis Player" by scientist Dr Simon Ramo.
Dr Ramo makes the point that tennis is actually two races.
You get the top ranked players who are now in the final eight.
These are the professionals who got to the finals by playing those winning shots.
Their strategy is to outplay their opponents.
The other kind of player is you and I.
We win a game by limiting our mistakes and by being consistent.
This can be applied to investing.
Especially now, when markets are tough, you just need to focus on your long-term strategy, and be consistent with your savings.
If you constantly aim for investment winners, it is likely that you won’t progress as far as you would like.
Points to consider:
You need to ensure that you keep in the game – the secret to “winning” in investments is to remain invested for as long as possible.
Ensure you keep on following your long-term strategy.
Don’t listen to background noise; focus on your investment plan and your goals.
- You are not able to control everything, however, you can control your shots and your emotions. You can’t control the markets, but you can control how much you save and your decision-making.
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Personal Financial Advisor Warren Ingram advises a listener who inherited some money, and wants to work well with it.
But can they be trusted? Are they independent? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
Bruce Whitfield interviews Personal Financial Advisor Warren Ingram. He also read a question sent by Nick, a regular listener.
Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
Warren Ingram helps a listener who loves her cars, and asks how to combine a good lifestyle with proper financial planning.
National Institute for Communicable Diseases says all cases traced back to the same bacterial strain and source needs to be found.
UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.
The British gov issued a travel advisory‚ warning of possible attacks when traveling to SA, after a UK couple was kidnapped.
E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.
Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.