Quick Hits: Practice? :: What’s at Risk :: Playbook

Practice makes perfect.

Perfect practice makes perfect.

Ok you’ve practiced enough – get in the game!

Check out the last article on Tiger Woods, you’ll understand where I’m coming from.

I think we’ve all done our extra “projects” and tested as much as we can during this pandemic. If you aren’t in the game, it’s time to step up to the plate.

Keep me updated if you use any of these Quick Hits in your marketing or sales this week!

It keeps me motivated to bring value to you every week.

The First Chapter of the “Second Half Playbook” is out!     

o   We will be releasing a new chapter every Monday for the next few weeks.

o   Check out the first one here.

DPL: RIA Retirement Planning Survey 2020

o   “While nearly 57% of those surveyed said they were dissatisfied or very dissatisfied with fixed-income returns, more than two-thirds of respondents estimated their returns at 2.5% or more net of fees — an optimistic return estimation in this interest rate environment. And 58% of respondents said the amount of market risk required to produce the same amount of income had increased over the last decade.”

Back at the top! – Bloomberg article: To Brink and Back in 175 Days

o   It took just 175 days for the index to go from peak to trough to peak, a recovery that has come faster than any comparable one in the past.

o   The previous 12 cycles that saw stocks recover from a drop of at least 20% took an average of four years.

What’s at Risk? An 18 month View of a Post-COVID World

o   “With job losses felt the world over, a prolonged recession has 68.6% of experts feeling worried.”

Tiger Woods Practice Style Can’t Compete – Get on the course    

o   Great article illustrating the importance of getting in the game and not just practicing.

o   “Supporters of Tiger shared that he’s been practicing harder than ever despite not participating in the weekly competition against the rest of the field. You’d be hard-pressed to find gains with that strategy in the sales world—your competitors are also practicing, but they’re also competing.”

o   “While practice is important, competition brings out a different level of serotonin. It creates a level of focus, fight, and precision that can’t be replicated in isolation.”

o   “Even in defeat, the competition is where you’ll get better.”