Avid golfers appreciate the game of golf for its unhurried pace, the chance to enjoy the outdoors, and the addictive feeling of making a great shot. And I'm talking about my feelings since I have learned golf for three months.
1. Don't Let Your Mind Interfere With the Game
Golfers who let their emotions run wild will be on the fast track to having all balls in the rough, out of bounds or in the sand. In much the same way, investors cannot be ruled by their emotions. Fear, greed and overconfidence are powerful emotions that can lead an investor to make poor investment decisions.
2. Learn from the Masters
Avid golfers can learn a lot of tips from golf greats such as Tiger Woods or Phil Mickelson, whose golf swings have been studied by both amateur and professional golfers. Similarly, novice and sophisticated investors can learn a lot from investing giants such as Warren Buffett, Peter Lynch and George Soros.
3. Be Wary of Friendly Advice
Stock tips from friends are similar to golf tips from friends - you may have no way of knowing whether your friend's a "duffer". The hot stock tip you hear that is "sure to be a winner" could land your net worth in the bunker if you don't perform further research into the validity of the claim.
If anyone could give me more suggestions, I will really appreciate it.