It is sad week in my household. It is the end of another baseball season, and it is especially heartbreaking because it is another losing season in my fantasy baseball league and like my beloved Atlanta Braves, I have gone down in flames at the end of the season. It is the end to the Personal Finance Blogger’s Fantasy Baseball League. This is the second year that twelve of us, personal finance bloggers, have played in a league together. And, of course, this is my second year of going down in flames.
The Final League Standings and (Recent Article)
1. Steadfast Finances – My Plan To Beat The Lending Club Peer-To-Peer Average
2. Free From Broke – Nine Reasons You Need A High Yield Online Savings Account
3. Cash Money Life – Twenty-Five Ways I Save Money
4. Missouri Breaks – Greg from Bundle.com
5. Foreigner’s Finances – Five Books That Changed My Money Life
6. No Debt Plan – Ten Steps To Avoid Becoming A Millionaire
7. His & Hers DIY – How To Save On Christmas And Holiday Gifts
8. Money Crashers (Andrew) – Two Home Buying Mistakes That I Made Buying My First House
9. Consumerism Commentary – Treat Your Employer How It Treats You
10. Money Crashers (Gyutae) – Understanding The Difference Between Cash Value and Replacement Cost of Insurance
11. Own The Dollar – Top 30 Personal Finance Bloggers To Follow On Twitter
12. Good Financial Cents – Five Fees You Should Be Avoiding
Three Things I’ve Learned From Fantasy Baseball
You Must Invest In The Best Of Breeds
This year, I had some very good players. Of course, they got hurt throughout the season and sat out most of the year. I mean, who jumps on top of home plate after a walk off homerun and breaks their ankle? You just cannot make up that storyline. You can never go wrong investing in the best of breed as Jim Cramer calls the best stock in an industry. For example, if I am buying a soda bottle company or manufacturer, I am personally buying stock in Coca-Cola.
Good Research Pays You Dividends
One of the biggest differences between my fantasy baseball team this year and last year, even though it might not look like it in the standings, is the amount of research that went into selecting the players during my draft. I had a great draft because I took the time to ensure that I was picking the best players. Of course, the same thing can be said about investing. You will be more successful when you put more research you into finding the best stocks or mutual funds to invest in.
Investors and Fantasy Baseball Players Get Better Each Time
Like all things, we get better each time we do it. I think that I had a much better draft this year. I was more prepared. I learned from my mistakes last year. The same is true in everything we do, and the same is true with investing. You should be constantly learning from your mistakes. Or, better yet, you should learn from other people’s mistakes. That’s one great reason that I love to read blogs.
Like the Atlanta Braves, I did great in the middle of the season but then started fading fast. Like investing for retirement, baseball is a long term season. But, also like a bad season and a bad year in the stock markets, there is always another one right around the corner. I am already looking forward to next April.
- What Fantasy Baseball Has Taught Me About Finances and Investing
- Weekly Roundup – Great Personal Finance Articles This Week From The Fantasy Baseball League
- The Top Three Things I Learned From Bernie Madoff’s Ponzi Scheme – One Year Later