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How to Recover From a Financial Loss

How to Recover From a Financial Loss

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
How to Plan Your Finances Like a Professional Would Plan

How to Plan Your Finances Like a Professional Would Plan

by Doug Goldstein CFP® | Mar 27, 2018 | Financial Plan

When you plan your finances, be realistic about what you want to achieve and how to go about attaining your goals. Just setting a goal doesn’t guarantee you’ll achieve it. From the outset, you need to be practical and understand the ramifications of your goal. Ask... Click for more
Can Too Much Risk Avoidance Make You Lose Money?

Can Too Much Risk Avoidance Make You Lose Money?

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
How to be an Active Investor

How to be an Active Investor

by Doug Goldstein CFP® | Feb 13, 2018 | Chess Strategies, Financial Plan

What does the expression “active investor” mean to you? Does it make you think of someone who is constantly buying or selling investments, and moving his money around from one place to another in hopes of generating a profit? Here’s news: you can be an “active... Click for more
How to Avoid the Illusion of Attention (Which Could Cause You to Lose Lots of Money)

How to Avoid the Illusion of Attention (Which Could Cause You to Lose Lots of Money)

by Doug Goldstein CFP® | Jan 30, 2018 | Financial Plan

Are you really paying attention to what you’re reading, or is it just the “illusion of attention?” Are you merely going through the motions, in effect sleepwalking all day long? Can not paying attention cause you to lose money? Imagine that you are playing a game of... Click for more
Why Conservative Investments Are Not as “Safe” as You Think

Why Conservative Investments Are Not as “Safe” as You Think

by Doug Goldstein CFP® | Jan 16, 2018 | Financial Plan

Conservative investments, such as bank savings accounts or CDs (certificates of deposit in a bank), may not be as safe as you think. These types of accounts may actually produce negative real return rates over the years. Three main factors are responsible for negative... Click for more
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Recent Posts

  • How to Recover From a Financial Loss May 22, 2018
  • Why You Need to Set Realistic Financial Goals May 8, 2018
  • How to Strengthen Your Investments by Doubling Your Power April 24, 2018

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