’ve been a sports fan most of my life. I‘ll watch any sort of sport, from the Tour de France to the Olympic Games to Baseball. The athleticism, the competition, the historical moments; what’s not to love?

If I had to pick my top two favorite sports, it would probably be basketball and football. I could describe to you many attributes that differentiate these two sports. One has pads and full contact, while the other is more a game of finesse; one has an 82-game season, while the other has a 16-game season; one has a roster of 15 players, while the other has a roster of 53 players.

Again, two totally different sports, but I’d like to draw your attention to one unique difference between basketball and football. In football, you play either offense or defense. In basketball, you play offense and defense. A slight difference that’s often overlooked.

So, why does this matter? Well, in football, you know your role and purpose. Your duties are clearly defined – you either tackle or avoid being tackled. In basketball, these lines are much more blurred. You may be a specialist at defending or ball-handling, or shooting, but your responsibility is still to show up on both defense and offense. The allure of offense, making baskets, and being the superstar on the court, can sometimes create quite a distraction.

Today I will discuss why you should view your portfolio like a football team as opposed to a basketball team and how a “basketball team” portfolio can get you in trouble. If I’ve piqued your curiosity, read on…

Links mentioned in this episode:

• http://thoughtsonmoney.com