Gathering, Preserving, and Expanding Your Wealth | AWM Insights #169

The saying “defense wins championships” applies in a few ways to portfolio management.

Playing good defense (keeping your opponent off the board) and taking the risk out of the important areas of your life is the foundation of the game and gives you peace of mind as an investor. A leaky or inadequate defense leads investors to fall behind, and it’s hard to catch up without taking unreasonable risks.

A strong defense enables you to take mindful risks to get ahead while still managing the current game and potentially saving an arm or giving a prospect some game time for future benefit.

The offense is still very important, but it’s easier for a good offense to flourish when there is very strong confidence in the defense. Our goal is to finish ahead. A dependable and robust defense with a sophisticated and intentional offense is a winning combination.

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Episode Highlights

0:00 Intro0:40 How do we think about gathering, preserving, and expanding your wealth?2:36 What are the benefits of having a custom-made portfolio?5:45 How does a protective reserve approach allow your portfolio to take on risk to grow?9:05 Why your net wealth is one holistic number?11:33 Text us!