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SIMILARITIES BETWEEN CRICKET AND INVESTING
Cricket is on and there are some similarities between cricket and investing. Here are some:
Strategy: We will not have same team and strategy for any form of cricket - T-20, One Day and Test matches. Similarly different investment strategies are required for Long Term, Medium Term and Short Term financial goals.
Planning: The outcome of a match depends on a sound strategy and a well-planned approach. In investing, starting with a good financial plan and having goal based investments helps.
A Good Start: A good opening partnership helps in scoring big. Starting with a good amount helps accumulating wealth in long term due to compounding benefit.
Performance Review: It’s important to learn from the past and prepare for the next win. With investing too, review your portfolio regularly and rebalance your investments to maintain the right asset allocation.
Consistency is the key: Keep scoring runs consistently/ keep taking wickets consistently to win a cricket match. Similarly build discipline in investing by creating a habit of regular investments.
Mutual Funds help you in all types of your financial goals, be it Short/ Medium/ Long Term
Consulting your financial advisor before taking any investment decisions will help you to better assess the investment decision to be made.
Source: HSBC Mutual Fund
Disclaimer: This document has been prepared by HSBC Asset Management (India) Private Limited for information purposes only and should not be construed as i) an offer or recommendation to buy or sell securities referred to herein or any of the funds of HSBC Mutual Fund; or ii) an investment research or investment advice. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment or investment strategies that may have been discussed or referred herein and should understand that the views regarding future prospects may or may not be realized. This document is intended only for those who access it from within India and approved for distribution in Indian jurisdiction only. Distribution of this document to anyone (including investors, prospective investors or distributors) who are located outside India or foreign nationals residing in India, is strictly prohibited.
Mutual Fund investments are subject to market risks, read all scheme related document
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.