by Doug Goldstein CFP® | Dec 31, 2014 | Financial Plan, Strategic Thinking
When drawing up a financial plan, the first step that you need to take is setting goals. As Yogi Berra said, “If you don’t know where you are going, you’ll end up someplace else.” So before you begin planning your financial future, decide what your ultimate objectives... Click for more
by Doug Goldstein CFP® | Dec 29, 2014 | Decision Making, Financial Plan
Is Being Rich a Status or a Feeling? Feeling rich isn’t always related to how much money you have. As a financial advisor for more than 20 years, I’ve met multimillionaires who are dissatisfied with what they have, and I’ve encountered people living... Click for more
by Doug Goldstein CFP® | Dec 24, 2014 | Chess Strategies, Strategic Thinking
One of my favorite hobbies is playing chess. Apart from the challenge of checkmating my opponent, I enjoy the lateral thinking, planning, and strategic judgment skills that are involved in the game. Recently, I was privileged to interview Israel’s top chess player,... Click for more
by Doug Goldstein CFP® | Dec 22, 2014 | Behavior finance, Decision Making
The most important asset for a young investor is time. If you are just starting out in the work world, the idea of investing may seem overwhelming. Your thoughts are most likely on your immediate needs, not decades ahead. While retirement seems far away – that far off... Click for more
by Doug Goldstein CFP® | Dec 17, 2014 | Financial Strategies
Are profits in the market a matter of luck or timing? Charles Schwab, an investment company, studied the effects of timing your investments and how this may affect their success. They divided various types of investors into five “characters” with different names, and... Click for more
