by Douglas Goldstein | Dec 13, 2016 | Financial Strategies, Podcasts
What’s the best way to deal with a market drop? Is there a similarity between the unpredictable moves of the market and the unpredictable moves of a chess opponent? Listen to what that Susan Polgar did when she was faced with a chess game whose outcome was... 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 Douglas Goldstein | Nov 29, 2016 | Podcasts, Strategic Thinking
Are you ready for the next market crash? While it is impossible to predict when the next market crash will come, there are certain steps that you can take to protect whenever the next economic downturn occurs. History has shown that markets respond to dramatic world... 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 Douglas Goldstein | Nov 15, 2016 | Behavior finance, Financial Strategies, Podcasts
What’s the difference between a casino and the stock market? On this week’s financial podcast, find out why the odds are much better if you invest your money in the stock market than if you try to make a huge win at a casino. Learn how to determine your... 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
by Douglas Goldstein | Nov 1, 2016 | Decision Making, Financial Strategies, Podcasts
Despite enjoying popularity on the street, not every “rule of thumb” or popular investing strategy works. A “rule of thumb” is a principle that can be broadly applied to a situation, and by definition, lacks a certain amount of accuracy.... Click for more
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
