Creating Diversification within Your Golf Bag and also Inside your Investment Portfolio

Hey guys Dougie Ergood here, former division one golfer at The University of North Carolina and now Financial Advisor at Janney. Golf season is finally here! Today, I’m excited to share some tips for you golf lovers. I’m hoping this advice can not only lower your handicap but also help you become a more prudent steward of your hard-earned wealth. Have you ever heard the term drive for show and putt for doe? I used to think practicing how to hit 300-yard drive was what I needed to lower my handicap. And hitting it long is important, but I learned the easiest way to lower your handicap is to focus on the other parts of your game like lag putting, wedge play inside 120 yards and becoming a good pitcher of the ball. A great teacher of mine once told me that I should devote 70% of my practice time to 120 yards and in refining my short game. Like having a wide variety of shots you can play in different circumstances, having a well-diversified financial portfolio is a great way to help you achieve steadiness and consistency in achieving your financial goals. My grandfather would always tell me that slow and steady wins the race, and I have learned that when investing peoples hard earned money, creating diversification within their portfolio is a great way to create growth when the market is up and maintain protection when the markets are down. Reach out to me if you want more help reducing your handicap and creating a diversified portfolio to achieve peace of mind with your finances. Thanks for listening.