by Doug Goldstein CFP® | Oct 26, 2016 | Financial Strategies
In both chess and investing, a large focus is put on protecting your most important pieces, or core assets. These are the pieces (or financial assets) that are crucial to your success. In chess, the king is the most important piece on the board. When he is lost, the... Click for more
by Doug Goldstein CFP® | Oct 13, 2016 | Decision Making, Financial Strategies
What should you do if you made a bad investment? Should you hold onto stocks that aren’t doing well in case they improve, or should you sell them before you lose more money? The answer to this question, which most investors face during their investment career, can be... Click for more
by Doug Goldstein CFP® | Sep 27, 2016 | Financial Plan
How often should you review your financial plan? If you haven’t looked at your plan in more than six months, then you’re overdue. When people build a financial plan, they spend a lot of time thinking about their goals and sitting with a financial advisor to find out... Click for more
by Doug Goldstein CFP® | Sep 15, 2016 | Decision Making, Strategic Thinking
Money buys happiness…. Or so people would like to think. Imagine a world where that was true. What would it be like to toss a ‘happiness potion’ into your shopping cart with the rest of your groceries? In the real world, however, money can’t buy happiness (ask any... Click for more
by Doug Goldstein CFP® | Sep 1, 2016 | Behavior finance
When people think that they are greater, stronger, smarter, or luckier than normal, they misperceive reality and make poor decisions. For example, the vast majority of the population believes that they are above average when it comes to their driving ability, getting... Click for more
