They say defense wins championships in most sports, and we believe the same is true in investing. Those who worry about the downside ensure they live to see another day, and investing is all about survival.

This week on the pod Bob and Nelson discuss risk management by pointing out the various things that mostly new investors are doing to try and maximize returns, get rich in a hurry, or to maximize their dividends. Playing defense isn't nearly as sexy as going for the gusto, but it's an important tool for any investor.

As always you can find more Nelson at Canadian Dividend Investing, and Bob's finance-related thoughts live at Tawcan. Bob was traveling when we recorded this one, so we apologize for his end of the recording being a little lower quality.