What Stock Investors Should Learn From Rory Mcllroy’s Masters Win
Intimate familiarity breeds both stock market profits and golf championships. Rory Mcllroy cancelled all other tournament commitments prior to the Masters in order to spend every spare moment playing Augusta over and over again. He came to know every single inch of the course and in doing so, he prevented bad moments from turning into bad days. The “homework” helped him to escape a number of tight situations and resulted in rare back-to-back green championship jackets.
As an investor, I’ve always advocated for a limited portfolio of equities, ETFs and stocks. The three essential allocations are Super Core positions such as VTI, Core positions such as VONG, and a diversified collection of ten individual stock equities. My reason for these is that I want an intimate familiarity with all my positions—much like Rory making Augusta his home course. Every equity has its peculiar personality, not unlike each hole in Augusta. When the markets get spicy and shifty, I can keep calm and not have to battle unknown demons or struggle with unfamiliar positions. An intimate familiarity with your equities will yield less tears and fears and more jubilation. Rory reminds us all of that truism.
Note: Facilitating an intimate familiarity with your equities requires a system, a structure and a strategy. There is no better vehicle for this than the Stock Market Mastery ChartPack, which has recently been updated. It will become your magical workhorse and perhaps produce not green Masters jackets but nice green bills!
Trade well; trade with discipline!
Gatis Roze, MBA, CMT
- Author, "Tensile Trading: The 10 Essential Stages of Stock Market Mastery" (Wiley, 2016)
- Developer of the "Stock Market Mastery" ChartPack for StockCharts members
- Presenter of the best-selling "Tensile Trading" DVD seminar
- Presenter of the "How to Master Your Asset Allocation Profile DVD" seminar
