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® | 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
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 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
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
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
