| SPECIAL FEATURE
Haney Golf Tip The best players in the world lose more tournaments than they win. The great Ben Hogan once said that he might only hit two or three perfect shots in a round. In golf, you’re judged by your bad shots and often by your bad rounds. There are always up and downs – you just have to be able to ride it out. If you get too emotionally high or low over a shot, a hole, or a particular situation, it’s not going to end up benefitting your game. The hardest thing to do in golf, and the most important thing to do, is to learn to play one shot at a time. Give it your best for that one shot and
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Hank Haney is a PGA Teaching Pro and a Charles Schwab client in the US To learn more from Hank, visit: www.ijgtasia.com. Hank Haney and the IJGT: Driving junior golf in Asia.
About Charles Schwab
HK Golfer・NOV 2012
"Don't react emotionally just because prices have moved down ... don't focus on short term price changes"
HKGOLFER.COM
Charles Schwab Corporation’s Founder and Chairman, Mr Charles Schwab, is an avid golfer himself. Over the years, he has found both golf and investing are tough games and that there’s no short term fixes. His firm, which is the Official Investment Firm of the PGA Tour and the Champions Tour, strives to guide investors along their investing journey, formulate plans, and provide resources to help investors be successful. When Schwab first opened its doors in 1971, the company knew that the key to success would be getting the fundamentals right. By focusing on the basics, the firm managed to take an early market lead, offering a combination of low prices with fast, efficient order executions, and soon became the United States’ largest discount broker. Today, the company is one of the US’s leading financial services firms with around US$1.83 trillion in client assets. Charles Schwab, Hong Kong, Ltd. is a subsidiary of The Charles Schwab Corporation. HKGOLFER.COM
Tom Lehman lies in second place in the Charles Schwab Cup standings heading into the US$2.5 million Charles Schwab Cup Championship, which takes place from November 1-4
AFP (Lehman)
Schwab Investing Tip
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For more on the connection between golf and investing, visit: schwab.com.hk/golf
One of the best things you can do to improve your chance of hitting a good golf shot is to make a purposeful practice swing. A lot of the time amateur golfers don’t take a practice swing, or if they do, it’s used as a way of loosening up – they’re not really thinking about what they want to achieve from the shot, and often they’re not even facing in the direction they’re going to hit. It pays to watch the pros. Professional golfers make practice swings with a purpose. While their swings may be different, the approach is most often the same. They’ll line up in the direction they want to play and they’ll take a full swing at slow speed to capture the feel of the type of shot they plan to hit. If your practice swing has a purpose, you’ll reap the rewards.
#6 Focus Through the Ups and Downs
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"If you get too emotionally high or low over a shot, a hole, or a particular situation, it's not going to end up benefitting your game."
Make Your Practice Swing Count
For those investors out there, you might find golf and investing share a lot of similar attributes. Both require careful planning, patience, and discipline, to site a few examples. Charles Schwab, Hong Kong, Ltd., a financial services firm serving investors in Asia, certainly believes so.
o be a successful investor you need to focus on the long term, and that means being able to live through the short term. Whether you’re looking at markets or particular investments, both will definitely go and up and down, which can trigger all kinds of emotions. There is a quote from famous banker JP Morgan which applies here: when asked what the stock market was going to do, he replied, “It is going to fluctuate”. That is absolutely true. When markets fluctuate, the investments you hold can fluctuate. You have to expect this. Don’t react emotionally just because prices have moved down. What you want to do is look at your investments in terms of whether they are consistent with your plan and whether the reasons you bought those securities are still in place. If the answer is yes, then don’t focus on short term price changes. Stick with your plan through thick and thin over the long term and your strategy will hopefully reward you.
when that shot is over, move on to the next. You have to focus your attention on what’s happening next, not on what’s already happened. Sure, you want to enjoy the great shots – allow them to penetrate a little deeper into your conscience because they give you confidence. But it’s still only one shot, and one shot doesn’t make a round and it doesn’t make a tournament. Success is about being able to put a collection of shots together in order to achieve the desired result.
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