Mike Giordano
michael@wwmgreenville.com
Being a successful investor is like being a championship quarterback. When you make an investment, it’s like dropping back to pass. You must be able to stand in the pocket with the possibility of taking a hit.
The more aggressive you are—the deeper the pass you want to throw–the harder the hits can be.
You have to be patient–give the play, the investment time to develop. If you have nervous feet, quick to throw the ball away, you may never be able to complete the pass. If you sell your investments when the prices drop, you may never be rewarded when stock prices turn upward.
Quarterbacks cannot eliminate the risk of taking a hit. It’s just part of the game. Likewise, investors cannot eliminate the risk of volatility. But, you may be able to better manage that risk if you understand two things:
- The quality of your investments.
- How much volatility you can stand?
Want to know what kind of quarterback you are? How big of an investment hit you could take without abandoning your strategy? Reach out, we’ll show you.
This material is provided as a courtesy and for educational purposes only. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.
