As investors, we can take some cues from the sport discussed in this Mutually Yours podcast.

Take a look at some of the key highlights on investing lessons from cricket and how to invest and grow your wealth:

Just like a cricketer plans a strategy to ensure better play, you also need to have an investment strategy where you are aware of your goals, income, expenses, liabilities, types of asset class and others. If you’re focused and calm while making investments, then you can win big.

Ensure to protect the three stumps of life – Contingency fund, Growth & Appreciation and Retirement Corpus.

Besides, it is also necessary to spread your investments to reduce risk – some of your money can be invested in equity, debt or hybrid asset class.

 

A cricket coach guides the cricketers on techniques, strategies and training. Similarly, an investment coach helps you make investments by providing guidance whenever needed.