by Doug Goldstein CFP® | Feb 5, 2015 | Behavior finance, Decision Making
Do you suffer from information overload? In the current era of social media and high-tech communications, many investors hunt for information on line, mining endless research reports, websites, and blogs. But you shouldn’t believe every single thing that you read.... Click for more
by Doug Goldstein CFP® | Jan 8, 2015 | Behavior finance
There are two ways of seeing the world: You can look at the small details, possibly missing the larger picture. This is often called mental accounting. Or, you could only look at the larger picture, possibly missing important details. This is often called the illusion... Click for more
by Doug Goldstein CFP® | Dec 22, 2014 | Behavior finance, Decision Making
The most important asset for a young investor is time. If you are just starting out in the work world, the idea of investing may seem overwhelming. Your thoughts are most likely on your immediate needs, not decades ahead. While retirement seems far away – that far off... 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 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 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
