The secret sauce of 1-2-3 investing is quite simple: don’t skip Step 2. Far too many investors who’ve succeeded in creating wealth are anxious to rush forward with “all gas, no brakes” to embrace the excitement of Step 3 – Asset Growth. Only in retrospect do they so often discover the hard way that the essential connective tissue between asset creation and asset growth is the imperative prerequisite of asset protection (see our book Tensile Trading, Chapter 1, page 2). Now more than ever in my five decades of managing my assets do I implore you to build your personal investment citadel based on a protection mantra. You absolutely must curtail your impulses to speed forward without building a solid asset protection foundation first. Your future financial prosperity depends on it. This blog is not intended to focus on all those asset protection specifics. We’ve offered all that in much detail in…
