If you examine things on the surface, you will discover, to your surprise, that investments are like surfing. Both of them have many common factors that you can consider before investing in the market.
Investors can pick up a lot of engaging lessons from surfers if they pay close attention. In this way, they can make intelligent choices and build wealth successfully.
Scott Tominaga- what Can Surfing Teach You About Investing?
Scott Tominaga is an esteemed financial and investment expert with more than 25 years of invaluable experience from Carlsbad, California, USA. His areas of specialization cover advertising, administration, back-office operations, brokerage, accounting, and compliance. He completed his graduation from the State Arizona College in Enterprise Finance.
At the beginning of his career, he was a FINRA regulator and presently works as the Chief Working Officer at PartnersAdmin, a reputable firm in California that deals with fund investment services.
When It Comes To The Commonalities Between Surfing And Investing, You Will Find
Surfers prepare before they venture out for surfing- To surf well, preparation is needed. They know that the surfing conditions are uncertain, so being prepared makes them composed and calm. A good surfer will invest in the proper surf shop to buy their equipment. In the same way, you need to do your homework about investments so that you are prepared when you enter the market.
Surfers will check for ideal surfing conditions- Before they go out surfing, surfers will check the weather conditions for that day. If the conditions are not feasible, they will leave their surfboards at home. They have to check the waters they are about to enter into, or else if they are not careful, it will be too late for them to go back.
Investments too play a similar role. You need to check the company, industry, and other conditions before placing your funds in them.
Surfers look for good opportunities for passing- Surfers always have to be aware of the best waves to surf on, and if they are not careful, the lock will pass over to the other surfer who is more vigilant. Likewise, surfers also have to embrace a similar approach before investing in the market. They should adopt a systematic system so that they can reap the best benefits from the market.
According to Scott Tominaga, both surfing and investing need discipline and awareness. It is prudent always to do your homework well before entering the waters. If you are not sure about the implications of an investment, it is prudent to seek professional help from a financial expert.
Last but not least, before you invest in anything, be aware of the risks you can take. Just make sure that the expert you consult has good credentials and sound market knowledge to help you make the best choices at minimal risk! Consult a professional if needed. Make sure that you have a detailed discussion with the expert.