Being successful at golf—and investing—involves considering the “long game” as well as the “short game.”
Shot Selection and Investment Strategy
Standing at the tee, golfers make decisions on how to play the hole, bearing in mind the entire course ahead of them. Taking risks with powerful swings straight toward the green may result in a good score. However, a more measured approach could be a better strategy to help avoid penalties from various hazards along the way.
Investing also involves careful decision making. Choosing riskier investments to boost account balances or to compensate for a lack of saving could put your money in a precarious position. On the other hand, being too conservative may prevent you from reaching your goal.
In both cases, where you are on the course can help determine how much risk to take.