It’s the year of the Pig and pigs are seen as a symbol of wealth and fortune. What are some hog-idioms and pigspressions that can guide us to a more prosperous year?
1. Don’t go chasing a greased pig.
Luck is not an investment strategy. Even a blind pig finds a truffle now and then, but that doesn’t mean anything. Chasing your fortune while relying on luck would be like chasing a greased pig. It would just slip out of your hands.
2. You’re not a pig to the slaughter.
Before buying or putting money into anything, make sure you do your own research so you know exactly what you are getting yourself into — even if the trend is to get something else and everyone is doing it. You won’t want to get stuck in a situation that you didn’t sign up for, like a pig to the slaughter.
3. Only amateurs go hog-wild.
Investments can be tempting, especially when you first start and you've made your first buck. Be a professional. Restrain yourself so you don't start buying everything without deciding rationally.
4. You can’t make a silk purse out of a sow’s ear.
Be honest and admit to any poor decisions that you've made. It will only increase your learning experiences and help you become a better decision-maker in the future. Trying to make your investments seem like they’re still valuable when they’re not will only inflate your losses; if you have a losing investment, cut it.
5. Pigs can’t be fattened on market day.
Since you've already started investing, why not go the whole hog and look into going long-term? Just like you can't fatten the pig on market day, investments also take time to “fatten”, bringing you more profit than a short-term one.
At Eastspring Investments, we believe that a patient time frame can improve the probability of outcomes. Read our insights to find out more.