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
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
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
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
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
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
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
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
