A golf club includes a tubular shaft, a golf club head affixed to a first end of the tubular shaft, and a grip disposed about the tubular shaft and abutting a second end of the tubular shaft. An adjustable counterbalance extends within a hollow recess of the shaft and is selectively secured to the second end. The adjustable counterbalance includes an elongate member and an annular weight disposed about the elongate member. The annular weight is movable along the elongate member and configured to be selectively affixed to the elongate member.