Have you played? Likely you have tossed a frisbee around on the beach, but have you run up and down the field catching an Ulta-Star Disc? If so, then you’ve played Ultimate Frisbee. If you’ve never heard of it, check it out!
This game is not for the faint of heart. I’ve played pickup games, the club team at Auburn University, and several summer and winter leagues.
I’ve also been an investor for several years and have noticed that investing is like learning how to play Ultimate Frisbee. Ultimate in 10 Simple Rules.
10 Ways Investing is Like Ultimate Frisbee
- The Field– You’ve got to know where the field is and what the dimensions of the field are. In investing, the field is the stock market and the disc is the vehicle you’ll use to invest (stocks, bonds, mutual funds…etc).
- Initiate Play- To begin playing, throw the disc! With investing it’s better to start sooner than later as soon as you’re out of debt and have an emergency fund, but don’t ever invest in something you don’t understand first. Make sure to find an advisor you can trust.
- Scoring- First one to 10 wins! When you invest, plan for a set period and keep with it, Remember you’re in it for at least 5 years and possibly till retirement.
- Movement of the Disc- Once the disc starts flying, no telling where it will land. With your investments, they’ll likely be some volatile times. Just remember this is part of the game.
- Change of Possession- I have to confess that I did drop the frisbee sometimes. When you start out investing, you’ll drop the disc too. You’ll make mistakes with what advisors to choose and investments to make, but cheer up! You’ll learn and do better next time. But, don’t drop too much or you’ll have to run laps.
- Substitutions- No subs once play has started. Once you begin investing, don’t stop. Investing is for 5 years or more, not for short term gains.
- Non-Contact- No tackling each other on the field! Stay in contact with your advisor and ask them questions if you need help. If they don’t stay in touch with you, it might be time to find a new advisor/broker.
- Fouls- It isn’t worth winning if you have to cheat. That said, don’t try to cheat with your investments and forthcoming earnings on your taxes. If it feels dirty, it probably is.
- Self-Officiating- This game has no referees. You have to be a student of the game and continue reading books by great investors like Warren Buffett. Don’t hand the keys over to your advisor or your 401K. Make sure to look at your quarterly statements and read about what’s going on with your nest egg or Porsche fund.
- Spirit of the Game- Ultimate Frisbee doesn’t have referees since everyone is supposed to play nice and be honest. In the end having fun and playing tomorrow is more important than arguing in the moment. With investing, play for the long term and remember that your faith and family are ultimately more important than money.
(Photo by Rob)