World Cup Fever
Why is this?
Well, we grow up with baseball, American football and hoops with increasing doses of hockey and lacrosse. Soccer is not engrained in our psyches like it is in Latin America and Europe. Americans find soccer low scoring, boring and hard to understand.
American investors can learn something from the rest of the world’s soccer fans. Investing should be like a soccer match, not a basketball game, for the vast majority of average investors. Good portfolios take a while to construct and require patience . Like a well constructed soccer “run,” they oftentimes don’t produce results like a soccer game (some anti-soccer folks would say they NEVER produce results).
As a company, we at Fagan Associates emphasize diversification and patience to an extreme, but we feel these attributes enabled investors to weather the calamity of 2008 and enjoy the results of 2013. So, enjoy the soccer, the pageantry and tradition and remember that many times good portfolios can temporarily produce no positive results.
Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Please research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc. or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio. To contact Fagan Associates, Please call 518-279-1044.