By: Joe Delaney
To MLB fans everywhere, it’s playoffs season and time for tension among Fantasy Baseball team managers to reach a fever pitch. According to analysts atESPN, there is much to consider each week in the midst of the Hunt for October.
One day you see Jung Ho Kang increasing his consistency at the plate; Marcus Stroman bouncing back from his knee injury to show surprising endurance on the mound; Miguel Cabrera stopping runs at first after a strained calf put him on the DL for a couple of weeks. Fantasy managers bite their fingernails and wonder, Is this enough information to go on? What should I do?
And just when you think you have a plan, most of your top picks are out of the playoffs. (As of this writing, bye bye, Kang and Cabrera.)
The beauty of Fantasy Baseball can also be its curse: the ability to pick and choose players without real world restrictions of pro contracts is empowering, but more options means there’s a flood of data that can be overwhelming for fantasy managers to digest.
Playing fantasy ball is a bit like playing the stock market, except there are even more variables to consider. Traditional boundaries of geography or nationality don’t apply when choosing investment vehicles, which makes opportunity – as well as the potential for costly mistakes – virtually limitless. You can put together a financial portfolio of all-star stocks, but it’s easy to discover just a little late signs that were there all along: your best hitter’s streak is over, your pitcher’s arm is out of juice and there’s a hole in your first basemen’s glove.
The key to investing with confidence is strategic diversification, utilizing a far broader pool of assets than the MLB has to offer. Asset classes vary greatly, from equities, bonds and cash equivalencies to commodities and real estate. Securities may be traded in U.S. and foreign markets. The talent in your dugout can come from anywhere, any sport; when you have enough talent, even a handful of season-ending injuries won’t slow the team down.
Our approach here at Lifeguard Wealth first starts with a written “game” plan. The plan incorporates advanced portfolio design and prudent evidenced-based management. We’re doing far more than picking and trading “fantasy players” each week and hoping for the best. We understand and plan for risk using time-tested data, build the strongest portfolios possible and rebalance as necessary to keep you in the game all season long.
We have a lot more to base our analysis on than ESPN.
You would never regard your financial security as cavalierly as you would a season of Fantasy Baseball. Be sure to consult a financial advisor about how best to diversify your investments, before you discover you weren’t quite as ready for the Majors as you thought you’d be.
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The opinions expressed by myself and other featured authors are their own and may not accurately reflect those of Lifeguard Wealth. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice.
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