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What’s Your Most Powerful Money-Making Asset?

What’s Your Most Powerful Money-Making Asset?

by Doug Goldstein CFP® | Oct 10, 2017 | Decision Making

What is your most effective money-making asset? The answer is – your inner potential. If you work hard and maximize your abilities, you, and by extension your wealth, have amazing growth potential. When you play chess, there are many different pieces and techniques to... Click for more
Use a Monte Carlo Simulation to Improve Your Portfolio – and the Way You Play Chess

Use a Monte Carlo Simulation to Improve Your Portfolio – and the Way You Play Chess

by Doug Goldstein CFP® | Sep 26, 2017 | Asset Allocation, Financial Plan

One great tool for assessing the probability of risk and future success is the Monte Carlo simulation. This is true in both chess and personal finance. What is a Monte Carlo simulation, and how can it help you plan ahead? No one knows the future A Monte Carlo... Click for more
How to Avoid This Surprise Chess Tactic, Which Could Mess up Your Finances

How to Avoid This Surprise Chess Tactic, Which Could Mess up Your Finances

by Doug Goldstein CFP® | Sep 12, 2017 | Chess Strategies, Decision Making

One of the most deadly surprise chess tactics to watch out for in a game is the skewer. (Click here to watch a short video about the tactic.) A skewer targets two of your opponent’s pieces that are lined up. Usually, the more valuable of the two pieces flees, allowing... Click for more
Want a Castle? Capture it on the Chessboard or Buy a REIT

Want a Castle? Capture it on the Chessboard or Buy a REIT

by Doug Goldstein CFP® | Aug 29, 2017 | Financial Strategies

Some people think that if they invest in property, they can boost their cash flow income easily, with little work involved. However, buying properties and renting them out is not as simple as it seems. Playing chess is also not as easy as it looks. You need to know... Click for more
Why Following Market Trends Can Make You Lose Money

Why Following Market Trends Can Make You Lose Money

by Doug Goldstein CFP® | Aug 15, 2017 | Decision Making

Some people treat market trends like any other kind of fashion. Just as many people dress in a certain style because it’s popular, some investors choose a particular type of investment or react in a particular way to the markets because “everybody’s doing it.” But is... Click for more
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