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How to Recover From a Financial Loss

How to Recover From a Financial Loss

by Doug Goldstein CFP® | May 22, 2018 | Decision Making, Financial Plan

While a financial loss can be devastating, it doesn’t mean that your situation can’t be improved. Sometimes, your loss can even, ironically, spur you on towards future success. Imagine that you lost an important piece, such as a bishop, or even your queen, in a game... Click for more
Why You Need to Set Realistic Financial Goals

Why You Need to Set Realistic Financial Goals

by Doug Goldstein CFP® | May 8, 2018 | Decision Making, Strategic Thinking

If you want to be a successful investor, your first step is to create and follow realistic financial goals. Why is this important? When people invest without a particular goal in mind, their investments lack focus and they change strategies frequently. A clear goal... Click for more
How to Strengthen Your Investments by Doubling Your Power

How to Strengthen Your Investments by Doubling Your Power

by Doug Goldstein CFP® | Apr 24, 2018 | Chess, Financial Strategies

Here’s a way that can help you strengthen your investments and improve their performance: double your power. What does this mean? When two chess pieces work together on the board, they can create an impenetrable force. Frequently, chess experts follow this method by... Click for more
How to Plan Your Finances Like a Professional Would Plan

How to Plan Your Finances Like a Professional Would Plan

by Doug Goldstein CFP® | Mar 27, 2018 | Financial Plan

When you plan your finances, be realistic about what you want to achieve and how to go about attaining your goals. Just setting a goal doesn’t guarantee you’ll achieve it. From the outset, you need to be practical and understand the ramifications of your goal. Ask... Click for more
Can Too Much Risk Avoidance Make You Lose Money?

Can Too Much Risk Avoidance Make You Lose Money?

by Doug Goldstein CFP® | Mar 13, 2018 | Decision Making, Financial Plan

While you don’t want to be a reckless investor, over-zealous attempts at risk avoidance can cause you to lose money. Here’s why. Imagine that your friend invites you to play a game of chess. She is a good chess player, and there is a possibility that she will win.... Click for more
What Is the Best Way to Protect Your Investments?

What Is the Best Way to Protect Your Investments?

by Doug Goldstein CFP® | Feb 27, 2018 | Chess Strategies, Decision Making

While chess pundits may think attack is the best form of defense, is following an attack strategy the best way to protect your investments? Attack strategy on the chessboard To answer this question, let’s take a look at the famous 1851 “Immortal Game,” when Adolf... Click for more
How to be an Active Investor

How to be an Active Investor

by Doug Goldstein CFP® | Feb 13, 2018 | Chess Strategies, Financial Plan

What does the expression “active investor” mean to you? Does it make you think of someone who is constantly buying or selling investments, and moving his money around from one place to another in hopes of generating a profit? Here’s news: you can be an “active... Click for more
How to Avoid the Illusion of Attention (Which Could Cause You to Lose Lots of Money)

How to Avoid the Illusion of Attention (Which Could Cause You to Lose Lots of Money)

by Doug Goldstein CFP® | Jan 30, 2018 | Financial Plan

Are you really paying attention to what you’re reading, or is it just the “illusion of attention?” Are you merely going through the motions, in effect sleepwalking all day long? Can not paying attention cause you to lose money? Imagine that you are playing a game of... Click for more
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Recent Posts

  • How to Recover From a Financial Loss May 22, 2018
  • Why You Need to Set Realistic Financial Goals May 8, 2018
  • How to Strengthen Your Investments by Doubling Your Power April 24, 2018

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