Bluefield Daily Telegraph, Bluefield, WV

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BBQ My Way

March 23, 2012

Grilling is a lot like investing

Sellersburg, Ind. —

Grilling and creating BBQ is a lot like investing.

As some of you might know my full time occupation is as a financial adviser. While I was preparing for a seminar on the basics of successful investing, and it dawned on me that successful investing and being a great outdoor chef have a lot of things in common.

Here is my list.

Buy Quality: This speaks for itself. When determining securities to add to your portfolio, quality is the most important characteristic. It is the same with grilling, cooking or creating world class barbecue. If you buy inferior meats and produce, the end result will reflect that.

Always stick with quality.

Have a Plan: As in building a successful investment portfolio, planning is important. Know what you are doing and how you are going to do it. Winging it may sound like fun, but unless you are experimenting and cooking for just yourself, always stick to a plan where you are reasonably sure of the outcome.

Diversify: In the realm of investing, you diversify to minimize risk and volatility. “Don't put all your eggs in one basket” as they say. As an outdoor chef, your choices and options are truly limitless. Don't get stuck just grilling steaks and burgers. Spread out and diversify. Learn how to slow cook pork, or
experiment with ways to cook vegetables and side dishes outdoors. Variety is the spice of life.

Seek Professional Advice: This is paramount in the world of investing, and just as important in the world of grilling and barbecue. First, get to know your local butcher. Allow him or her to educate you on different cuts of meat and how to prepare them. Second, start picking up books on barbecue and grilling. Every book you read will give you insight into the mind of someone who is obsessed with good outdoor eats.

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