by Doug Goldstein CFP® | May 7, 2015 | Financial Strategies
There are two methods of budgeting: monthly budgeting and annual budgeting. Although both ways are possible, I favor annual budgeting, since it gives you a more accurate picture of your expenses. Here’s why: Look at the big picture When dealing with budgeting, it is... Click for more
by Doug Goldstein CFP® | Apr 30, 2015 | Chess Strategies, Financial Strategies
What can playing chess blindfolded teach you about brokerage statements? A lot! When writing Rich As A King with Susan Polgar, I asked her how she could remember all of the pieces on a chessboard without looking. She laughed, and when she explained how she managed the... Click for more
by Doug Goldstein CFP® | Apr 23, 2015 | Decision Making
My strong point While my day job is a financial advisor, I am an avid chess fan. I remember a recent chess game I played with my chess coach, Boris. He played white, and opened the game with e4. I had numerous responses for that move. Instead of responding to his move... Click for more
by Doug Goldstein CFP® | Apr 16, 2015 | Decision Making
IQ, or intelligence quotient, assesses your overall intelligence level. We’re guessing that if you’re reading this blog post your IQ is pretty high. But what is “financial IQ”? Financial IQ is a measure of how well you do with money. Having a high financial IQ doesn’t... Click for more
by Doug Goldstein CFP® | Apr 9, 2015 | Decision Making, Financial Strategies
Mutual funds are a great way of diversifying your investment portfolio. Many investors are not aware of the hidden costs of mutual funds, both the fees when the fund manager buys or sells holdings within the fund, or the tax implications involved in owning a fund If... Click for more
