How To Better Understand Financing & How To Pick Your Fantasy Football Draft Picks

How To Better Understand Financing & How To Pick Your Fantasy Football Draft Picks

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Hi, I’m Rob Young, owner of Blue Dot Wealth
Management. We’re about to head into one of my favorite
times of year. No, not Christmas – Football season! I’ve been a football fan for probably as
long as I can remember and a number of years ago a few of my good friends invited me to
join their fantasy football league. While I was a fan of the game, it took me
some time to get used to putting together a team and my first few years were a bit rocky. After a while, it occurred to me that putting
together my fantasy roster was a lot like putting together a portfolio. How is that? Very simply, when constructing a portfolio
or a team, you want to balance Risk and Reward. My first three or four draft picks are usually
going to be high quality players with a proven track record that have a low history of injury
risk. In the case of running backs, I’m looking
for a high yards per carry average and a low rate of fumbles. If they are wide receivers, I look at targets
and catches, yards run after a catch, and the kind of offense they play in. These equate nicely with what we would consider
“Blue Chips” – Stocks that weather through all markets and have great management teams
– in other words, good offense and risk management. In rounds five through eight or nine, I start
to look for role players. These players may start most weeks or they
may be interchangeable. This is also an opportunity to find good value
that other’s in the league may have passed over. Risk and reward is still pretty important
and I still look for someone that is going to be active in a teams’ offense. The biggest thing I look for is reliability
– I want players that are fairly consistent week in and week out. This equates well with what we call Mid Cap
stocks, which statistically tend to be consistent and not always tied to indexes like the Dow
or S&P 500. Somewhere around rounds ten or eleven, I start
to look for a Quarterback. Why so late? The reality is that unless you pick the top
two or maybe three quarterbacks each year, the next eight or ten are fairly interchangeable
and you can spend higher draft picks on better role players that may have a more positive
impact on your team. Think of your quarterback, or quarterbacks,
Defense, and Kicker like your bond portfolio. You are looking for steady and consistent
returns from them. Most of the time, there are a few picks between
my Quarterback at 10 and my Defense and Kicker in rounds 14 and 15. That is when you start to speculate a bit. You look for undervalued players or players
with breakout potential, or maybe you handcuff the back up players on your roster. This is a similar to small cap stocks where
you are looking for small companies that are going to grow into larger companies. So I hope this video has made you a bit more
excited for football season. I know I can’t wait! I may even do a mock draft right after I’m
done here! I hope you enjoyed this video and if you ever
want to talk about football, or investing, don’t hesitate to reach out. Don’t forget to follow us on Social Media
and you can always look for more information about me and the firm at Blue Dot Wealth Management.com
Thank you, as always, for tuning in!

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