by Douglas Goldstein | Dec 4, 2014 | Podcasts
Follow tried and true approaches to winning the game. Chess players use standard openings because they know what to expect. Investors, too, should not try to come up with new solutions to market volatility when there is a whole body of knowledge that they can use to... Click for more
by Doug Goldstein CFP® | Dec 3, 2014 | Behavior finance, Financial Strategies
Dave Ramsey’s ‘Debt Snowball’ hits the target Being in debt is rarely a good idea, and even if you have just a limited number of obligations, it’s wise to start paying them off before they snowball out of control. The debt snowball Dave Ramsey, one of the most... Click for more
by Douglas Goldstein | Dec 2, 2014 | Podcasts
Here is a useful tactic used by professional investors for years to benefit from losses in the stock market. Avoid wash sales and turn your loss into an ultimate... Click for more
by Doug Goldstein CFP® | Dec 1, 2014 | Chess Strategies, Financial Plan
An emergency fund is one of the most important strategies that any investor needs. As financial guru Dave Ramsey writes in his Seven Baby Steps for Getting Out of Debt, an emergency fund is necessary for “those unexpected events in life that you can’t plan for.”... Click for more
by Douglas Goldstein | Nov 27, 2014 | Podcasts
Look for what you will get when you sacrifice a piece and make sure it’s worthwhile. Sometimes taking a big loss can actually help you make a big gain. Tax-loss harvesting is a similar tactic in investing. Listen to this podcast to learn what tax-loss harvesting... Click for more
by Doug Goldstein CFP® | Nov 26, 2014 | Behavior finance, Decision Making
Logical decision making is a crucial part of investing. But many investors often find themselves driven by emotion rather than logic. For example, the fear of losing, known as “loss aversion,” may tie an investor’s hands and lead him to make poor investment choices.... Click for more
by Douglas Goldstein | Nov 25, 2014 | Podcasts
Nobel Prize for Economics laureate Robert Merton shares his insights into the secrets of successful investing in this very special... Click for more
by Doug Goldstein CFP® | Nov 24, 2014 | Behavior finance, Decision Making
Although it may seem that you can’t go wrong if you don’t take a risk, this is not always true. Sometimes, you can end up actually losing by being too safe. The concept of risk refers to the potential loss incurred by any move that you take. Therefore, if you never... Click for more
