There’s a pretty well known analogy made between investing and golf. Each hole of golf, or the round in general, is similar to your approach towards building your portfolio. There are plenty of ways to successfully maneuver each hole, but it’s up to you to decide which is best. Maybe you can’t drive the ball as far, and need to lay up on a hole. Perhaps you don’t have that high of a risk tolerance and prefer to have safer investments in your portfolio. Each investor, and each golfer, is different. It’s important to determine what success means to you, and build your approach accordingly.
Here’s what I’ve been reading today: