Fantasy Football and Investing: Speculation and Gambling vs Prudent Advice?

Katie Lovatt is the Head of Marketing and Operations at Holland Hahn & Wills. She explains the difference between fantasy football and investing. The global fantasy sports market has exploded in recent years. The younger population has ready access to digital infrastructure and affordable smartphones. They also have access and cheap smartphones with fantasy games.

Today, stock trading programs and fantasy sports apps offer easy access to stock or cryptocurrency trading. With an investment portfolio, the fantasy can only go so far and the stakes can be much higher. Building a stable investment foundation is key to helping minimize bad outcomes and positioning for the potential rewards in the capital markets.

Fantasy football and investing are two different things. Fantasy football lasts a few months. Investing involves a longer-term perspective that rests upon a historical understanding of markets. Working with a financial adviser can help you make prudent financial decisions. It's critical to understand the characteristics of stocks, bonds, real estate, and other asset groups. It is also important to evaluate an investment's expected returns, range of risks, and potential costs. Financial security is built over years, even decades. You can choose how to react in a tough market.

It's easy to get caught up in using digital platforms to pick stocks or time markets. Investing involves a longer-term perspective that rests upon a historical understanding of markets and requires understanding the characteristics of stocks, bonds, real estate and other asset groups. Working with a financial adviser can help outline clear financial goals and make investments that contribute to those goals. It's critical to understand the investment's expected returns, range of risks, and potential costs.

Holland Hahn & Wills is a sponsor of Kingston Nub News.