Neeraj Chopra, a name that has rung clear across India as well as the international sporting community. Hailing from Khandra, Haryana, this Javelin-throwing Olympian and track-runner brought home the gold for India in August. The Tokyo Olympics did shine a light on this rare gem of an athlete and brought the nation to the forefront thanks to Chopra. As of August 2021, he has been ranked the number two athlete in the world by the World Athletics organisation. He is also the first track runner and field athlete to win a gold medal for India at the Olympics. Here are a few investment lessons one can learn from the sports star.
1) Starting the Journey Early
Chopra started training at the young age of 12. He started training at Panipat Stadium during his free days to lose the extra pounds and shape up for sports. This put him on the path to becoming an Olympian.
Similarly, when it comes to investment, it always helps to start as early as possible. Though in the initial days you may not see much in terms of returns, persistence and time will help you reap the rewards of higher returns. Much like how Chopra started training early so he could achieve his dreams of becoming an athlete, you have to start investing early to reach that goal of financial security.
2) Do Your Due Diligence
In 2013, Chopra had participated in the IAAF World Youth Championships which were played in Donetsk, Ukraine. He failed to qualify for that tournament as he finished in 19th place. However, he managed to get the season’s best throw of 66.75 metres. Over time, he gradually improved his performance and in the 2015 Asian Athletics Championships in Wuhan, China he went up a step to 9th place. Gradually he mastered all the necessary skills to be the best at the game.
Before investing your money and expecting exorbitant returns, you should pace yourself. Make sure that you have a proper plan for the amount of returns you are expecting from the investment and how you are planning to reach there. It also helps to know what you want your money to do for you down the road, so define the goal.
3) Coaching and Learning
Young Chopra was not always as enthusiastic about sports as he is today. However, over time he built up his fondness and drive. Over the years he has trained under many coaches and fitness experts to get his game on point. This guidance is one of the major reasons why he has become such an athlete.
Much like Chopra, investors will need guidance and help in the market. It always helps to follow the expert’s lead in these matters. Consulting fund managers and stock brokers will help create a plan or a guide to your investment goal.
4) Small Setbacks and Comebacks
In 2018 Chopra suffered a serious elbow injury that resulted in him having to undergo elbow surgery. This put him out of commission for the 2019 IAAF World Athletics Championships. He trained hard and made his comeback, eventually going on to win gold at the Tokyo Olympics.
The market is volatile and that won’t change. But if you are focussed and do your homework, a bad day at the stock market should not bother you. Start slow and set your performance expectations at a realistic level. Be confident about your strength and skills, you will also weather any storm like our ‘Golden Boy’.
5) Stay Updated, Upgrade yourself
Chopra is constantly posting on his social media on the various kinds of exercises he does outside of big events to get ready for them. From diet to fitness routine, he is always up-to-date with the modern techniques to stay at the top of his game. Similarly, investors need to stay updated with the latest norms of the market and investments and upgrade accordingly.
Investors need to be able to think on their feet. Maybe you invested too much or you are locked into a year-end tax saver fund scheme. Whatever the case, appreciate the game for what it is and learn for the future from your mistakes. Keep learning on multiple venues and grow them parallelly if you want to be a successful investor.
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