Rugby World Cup kicks off
The 2019 Rugby World Cup kicks off at the Tokyo Stadium in Japan on 20 September, the first time the competition has been held in Asia.
Hosts Japan will be joined by 19 other countries from around the world, including Australia, Argentina, England, South Africa and current champions New Zealand. The opening match will be between Japan and Russia.
The first ever Rugby World Cup was held in May 1987 and was won by New Zealand, also known as the All Blacks – and the only team to have won the competition three times, in 1987, 2011 and 2015.
Unsurprisingly, New Zealand are hot favourites to take home the trophy again but only time will tell whether they’ll celebrate a fourth win this year.
But there are several other teams tipped as ones to watch, with England, Wales and South Africa all expected to do well. The winners will be revealed at the final on 2 November, which will be held at the International Stadium Yokohama.
Investing lessons from the Rugby World Cup
Rugby is a tough game, but one with potentially big rewards for whoever wins.
It’s a similar story with investing, with investors often knocked around by stock market volatility during their investing journey. But those investors who can hold their nerve and battle on when times are tough usually have the best chance of achieving their long-term goals.
Here are four lessons investors can take from those playing in the Rugby World Cup.
- Preparation matters. No sports team, rugby or otherwise, can expect to do well without plenty of preparation. Working out a game plan and establishing what they hope to achieve can potentially help to ensure success. Similarly, investors must think carefully about their objectives, when they need to meet them and conduct plenty of research into any investment they are considering, before taking the plunge.
- Discipline is vital. Players in the World Cup need strong discipline to ensure they’re in the best possible shape to take on their rivals. Being self-disciplined can also help investors avoid any knee-jerk reactions when markets are turbulent. Sticking with investments over the long-term and focusing on the reasons why they were selected in the first place is key for those wanting their money to grow.
- But remember star performers can change over time. At certain points in time, some members of a rugby team may outperform, whilst others may disappoint. It’s a similar story with investing, so investors should never assume that just because a particular investment has enjoyed a winning streak for several years, that this will continue.
- Diversification matters. A successful rugby team will be made up of players which may have different strengths and weaknesses on the field, but which ideally complement each other and can work together to win. Just as in a rugby team, each investment in a portfolio has an important role to play, with the hope that collectively they will help investors meet their objectives. Diversification is vital though, as splitting your investments between different assets which don’t always move in the same direction can potentially help reduce volatility.