by Doug Goldstein CFP® | Jan 3, 2017 | Behavior finance, Decision Making
Letting emotions interfere with decision making is a common cause of mistakes… both on the chessboard and off. Why is it a problem when your emotions interfere with decision making? Swept away Let’s imagine the following scene: In a game of chess, your opponent moves... Click for more
by Doug Goldstein CFP® | Dec 20, 2016 | Asset Allocation, Financial Strategies
What’s an effective investment strategy for when interest rates are low? The problem with investing during periods of low interest rates is that your returns may not beat inflation and your money may lose its real value. One practical solution is to invest with a bond... Click for more
by Doug Goldstein CFP® | Dec 6, 2016 | Decision Making, Financial Plan
Before you start investing, you need to know what your net worth is. But what is “net worth,” and how do you calculate it? Your net worth is the sum of the value of everything you own, including your home, car, jewelry, and investments, etc., minus debts, including... Click for more
by Doug Goldstein CFP® | Nov 22, 2016 | Decision Making, Financial Strategies
You know where the idea that simple, small, budgeting techniques can reap huge rewards comes from? Chess, or course. Grandmasters know that they can win a game by making a series of innocuous looking moves, and each of those moves will improve their situation a... Click for more
by Doug Goldstein CFP® | Nov 8, 2016 | Financial Plan
Handing over financial responsibility to someone else, even if that someone is your own child, is a very sensitive issue. You may think that letting go is the equivalent of resigning from a game of chess when you are in a winning position. Yet handing over... Click for more
