by Doug Goldstein CFP® | Feb 19, 2015 | Chess, Decision Making, Financial Plan
One of the most important elements of both chess and investing is making clear decisions. Internet search engines are commonly asked questions “What is the best mutual fund?” “What is the best dividend producing stock?” “What bond should I buy?” How do you know if you... Click for more
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® | Dec 29, 2014 | Decision Making, Financial Plan
Is Being Rich a Status or a Feeling? Feeling rich isn’t always related to how much money you have. As a financial advisor for more than 20 years, I’ve met multimillionaires who are dissatisfied with what they have, and I’ve encountered people living... 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® | 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
