The Personal Finance series with Warren Ingram

Investing is like tennis (pros need winning shots, amateurs must avoid mistakes)

The Money Show’s Bruce Whitfield interviewed personal financial advisor Warren Ingram.

With Wimbledon in full swing; Ingram compared it to investment strategies.

He looked at the book "Extraordinary Tennis for the Ordinary Tennis Player" by scientist Dr Simon Ramo.

Dr Ramo makes the point that tennis is actually two races.

You get the top ranked players who are now in the final eight.

These are the professionals who got to the finals by playing those winning shots.

Their strategy is to outplay their opponents.

The other kind of player is you and I.

We win a game by limiting our mistakes and by being consistent.

This can be applied to investing.

Especially now, when markets are tough, you just need to focus on your long-term strategy, and be consistent with your savings.

If you constantly aim for investment winners, it is likely that you won’t progress as far as you would like.

Points to consider:

  • You need to ensure that you keep in the game – the secret to “winning” in investments is to remain invested for as long as possible.

  • Ensure you keep on following your long-term strategy.

  • Don’t listen to background noise; focus on your investment plan and your goals.

  • You are not able to control everything, however, you can control your shots and your emotions. You can’t control the markets, but you can control how much you save and your decision-making.

For more detail; listen to the interview in the audio below.

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Silly money mistakes clever people make when they start working

Silly money mistakes clever people make when they start working

Don’t be dumb with money like many smart people! Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

Missed out on Bitcoin? Read this if you're wondering if it’s too late now

Missed out on Bitcoin? Read this if you're wondering if it’s too late now

If you invested R7287 in March 2010 it would now be worth R34 billion! BILLION! You read that right. Warren Ingram has advice…

Hate your job? How to free yourself from working for money...

Hate your job? How to free yourself from working for money...

Financial advisor Warren Ingram discusses “FIRE”, a radical financial freedom movement gaining momentum in the USA and elsewhere.

Getting rich by investing… This advice is terribly unsexy, awfully profitable!

Getting rich by investing… This advice is terribly unsexy, awfully profitable!

Personal finance guru Warren Ingram looks at some key points from Warren Buffett’s annual letter to his shareholders.

5 ‘rules’ to consider when investing (and why cash is not king)

5 ‘rules’ to consider when investing (and why cash is not king)

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Waiting for the Ramaphosa rise – where is the stock market growth?

Waiting for the Ramaphosa rise – where is the stock market growth?

The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.

Popular articles
Finally, a history book that celebrates the Khoisan

Finally, a history book that celebrates the Khoisan

Author of Bastaards or Humans, Dr Ruben Richards chats to John Maytham about this groundbreaking history book.

[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

Competition Commission investigates five companies to stamp out price-fixing

Competition Commission investigates five companies to stamp out price-fixing

Commission says investigation into food and agro processing companies is important because of high levels of inequality in SA.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?