What investors can learn from footy

Mal Smith • September 23, 2015

With energy and excitement of footy finals in the air, and our local Diehards making it through to the grand final, I started to think about what footy can teach us when it comes to investing.

Stick to the game plan

If players get carried away in the heat of the game and move away from the plan, things can go off track. Same goes for investing. You have to have a game plan, and even when the pressure is high, you should do your best to stick to the plan.

Strong defence is just as important as your offense

There’s no point having great attacking play if you have no line of defence. When you’re building wealth you must make sure you have the right insurance so that when the unexpected happens you have something in place to protect your wealth.

Diversity is key

On the footy field you have players with different skills. From your fast wingers to your solid front-row forwards – everyone has a different role to play. When you’re building an investment portfolio look for ways to diversify so that you can play to different strengths at different times.

Get a good coach

When you’re investing, it makes sense to seek advice from advisors you trust. Also make sure you have a good training regime, by reading reputable financial newspapers and blogs, and keeping up to date with economic commentaries.  

Block out the crowd noise

Sometimes all the cheering, booing and hissing from the sidelines can distract you from the set plays you have been rehearsing all season.   When you are investing, don’t get carried away with what all the noisy spectators (or speculators) are doing. Stay focussed on the job you came to do and keep your eyes fixed on that try line!

Timing is everything

When you’ve got your hands securely on that ball (or shares or investments), make sure you time your off-load perfectly. Too early and you might not have given your player a clear run to the try line, too late and you might find yourself crushed by a tackle before you’ve made the pass. Timing is everything.

If you fumble, don’t be afraid to get back in the game

Not everything will always go to plan, but if you find that your stumble, get an injury or drop the ball, dust yourself off, get some good advice from your coach and advisors and then get yourself back in the game.

 

The information in this document is general advice only and does not constitute financial planning advice. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this information you should consider the appropriateness of this information, having regard to your own objectives, financial situation and needs. You should seek professional advice from a qualified financial planner.

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After an incredible career dedicated to supporting regional businesses, farming families and rural communities, BMO Business Centre Partner Adrian Rasmussen will officially retire from the partnership effective 30 June 2026. For many across the Western Downs and beyond, Adrian has been far more than an accountant or advisor. Over decades in business, he has built trusted relationships grounded in honesty, loyalty and a genuine understanding of regional life and the people who live it. Adrian’s connection to the country and agriculture has always been at the heart of who he is. He has worked alongside generations of farming families and business owners through seasons of growth, challenge and change, becoming a steady and respected presence for clients, colleagues and the wider community alike. Reflecting on his time at BMO, Adrian said the relationships formed throughout his career have been among the most rewarding parts of the journey. “It has been a privilege to work with so many wonderful people over the years; not only clients, but colleagues and communities who have become lifelong friends,” Adrian said. “Regional communities are built on relationships, trust and supporting one another, and I’m incredibly grateful to have been part of that throughout my career.” BMO Business Centre Managing Partners Kelvin Tyler and Michelle McVeigh said Adrian’s contribution to both the business and the region would leave a lasting legacy. “Adrian has played an incredibly important role in shaping BMO into the business it is today,” they said. “His care for clients, commitment to regional communities and calm, practical approach have earned enormous respect across our industry and the communities we serve. While we will certainly miss having him in the office, we are excited for Adrian and his family as they enter this next chapter.” While stepping away from the partnership, Adrian is looking forward to spending more time with family, on the farm and enjoying a well-earned change of pace after many years dedicated to supporting others. Everyone at BMO Business Centre extends their sincere thanks to Adrian for his years of service, friendship and leadership, and wishes Adrian and his family all the very best for the future.
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