Golf proposes new rules to limit coaching; the opposite of what an individual investor should do.

Golf season is about to pick up for me. The Chapel Hill Country Club is re-opening after a 8 week conversion to Bermuda greens. The greens look great and I cannot wait to get back out there!

In March 2017, the USGA and R&A (golf’s rules making bodies) put forth a series of proposed changes to the rules of golf that are scheduled to be in place on Jan 1, 2019. One of the key changes is what a caddie or partner can do for a golfer on the course.  The actual language is cut’n’pasted below from the USGA website. (I added the underlining, and left out some text to keep things short.)

Proposed Rule: Under new Rule 10.2b(3):

The current prohibition would be extended so that, once the player begins taking a stance for the stroke and until the stroke is made, the player’s caddie must not deliberately stand on or close to an extension of the line of play behind the ball.

Reasons for Change:

Although a player may get advice from a caddie on the shot to be played, the line of play and similar matters, the ability to line up one’s feet and body accurately to a target line is a fundamental skill of the game for which the player alone should be responsible.

They do not want a caddie helping a player with alignment on the golf course. Why? The coaching/advice helps the player be a better golfer. This is a competition, so they want to test the skill of the player not the caddie and the player.

Investing is not a competitive sport. You are free to get your alignment advice from wherever you want. In fact an entire industry exists to sell you all sorts of advice.

The modern investor seeks advice on tax related matters, education planning, retirement planning and risk management. Good coaching, in these areas, will have a large impact on his/her financial life.

So please, take advantage of what you are allowed to do in the investing world…………get yourself properly aligned with someone you think will help you achieve your financial goals.