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Why Following Market Trends Can Make You Lose Money

Why Following Market Trends Can Make You Lose Money

by Doug Goldstein CFP® | Aug 15, 2017 | Decision Making

Some people treat market trends like any other kind of fashion. Just as many people dress in a certain style because it’s popular, some investors choose a particular type of investment or react in a particular way to the markets because “everybody’s doing it.” But is... Click for more
What You Need to Beware of When Finding Great Mutual Funds – Rich As A King Episode 142

What You Need to Beware of When Finding Great Mutual Funds – Rich As A King Episode 142

by Douglas Goldstein | Jul 25, 2017 | Decision Making, Podcasts

When looking to invest in great mutual funds or make any other investment decisions, understand what “survivorship bias” and “creation bias” are and how these can become potential pitfalls. Biased decision-making can also affect the world of... Click for more
How Analyzing Metrics Help Investors Get Good Results-Rich As A King Episode 137

How Analyzing Metrics Help Investors Get Good Results-Rich As A King Episode 137

by Douglas Goldstein | May 16, 2017 | Decision Making, Podcasts, Strategic Thinking

When playing chess and investing, it’s a good idea to measure your results by looking at performance metrics. But why are metrics important? Find out how measuring performance improves efficiency. If you can measure it, you can improve it! This financial podcast... Click for more
What Hindsight Teaches About Investing in the Stock Market – Rich As A King Episode 136

What Hindsight Teaches About Investing in the Stock Market – Rich As A King Episode 136

by Douglas Goldstein | May 2, 2017 | Decision Making, Financial Plan, Podcasts

One of the reasons investing in the stock market is so difficult is because we can’t predict the future.  The trick is to use hindsight to help you determine what will be. While past performance is never a guarantee of future results, if you were able to invest... Click for more
How to Win in Chess… and in Personal Finance

How to Win in Chess… and in Personal Finance

by Doug Goldstein CFP® | Apr 13, 2017 | Chess Strategies, Decision Making, Inspirational Quotes

What makes a player win in chess? Is there a special, secret formula that always guarantees victory? As chess is a multifaceted game, there’s no one uniform tactic or strategy that works for every single player all the time. Every player has his or her own unique... Click for more
Does a Budget Tracker Really Help Your Bottom Line?

Does a Budget Tracker Really Help Your Bottom Line?

by Doug Goldstein CFP® | Feb 28, 2017 | Chess, Decision Making

The way you play chess can shed light on how you manage your money. If you are a careful chess player and keep track of your moves, you might find a budgeting tracker a useful tool. In chess, you have a set number of pieces. In order to win, you need to use each piece... Click for more
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