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® | 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® | Dec 5, 2017 | Decision Making, Financial Plan
Here’s an important financial tactic that is often overlooked, but can help boost both your bottom line and your performance on the chessboard: Use your head! Don’t run on automatic pilot. Be aware of what you’re doing and put clear thought and consideration into... Click for more
by Doug Goldstein CFP® | Nov 21, 2017 | Decision Making
The key to understanding investments is to avoid unrealistic expectations. One of the biggest mistakes investors make is expecting too much from an investment. But why do people have unrealistic expectations of their investments? There’s no such thing as getting rich... Click for more
