by Doug Goldstein CFP® | Feb 12, 2015 | Financial Strategies
Certain life events may scupper even the most intricate plans. Unexpected occurrences such as sudden illness, an accident, or job loss, can wipe out your finances very quickly. As Scottish poet Robert Burns put it, “The best laid schemes of mice and men often go... Click for more
by Doug Goldstein CFP® | Jan 29, 2015 | Chess Strategies, Financial Strategies
If you’re in your mid-twenties, retirement probably feels extremely far away. Your thoughts are more likely to be focused on today or your weekend’s plans than on pensions and retirement. But just like in a chess match, where the end seems very far away from the... Click for more
by Doug Goldstein CFP® | Jan 22, 2015 | Financial Strategies
What’s the best financial strategy to use for short-term investing? Imagine that you receive cash as a gift, inheritance, or bonus, and you decide to use it within the next 6 to 12 months for some major purchase. You park the money in the bank account and receive... Click for more
by Doug Goldstein CFP® | Dec 17, 2014 | Financial Strategies
Are profits in the market a matter of luck or timing? Charles Schwab, an investment company, studied the effects of timing your investments and how this may affect their success. They divided various types of investors into five “characters” with different names, and... Click for more
by Doug Goldstein CFP® | Dec 10, 2014 | Chess, Financial Strategies
When Susan Polgar and I first began working on our book, I asked her what was one of the biggest financial problems that chess professionals have. She told me that the volatile nature of the income stream for someone playing tournament chess, teaching chess, or... Click for more
by Doug Goldstein CFP® | Dec 8, 2014 | Financial Plan, Financial Strategies
Financial Guru Dave Ramsey’s Baby Steps to financial freedom have a huge emphasis on savings: first building an emergency fund, then retirement savings, college savings, etc. It may seem as if there is no end to the amount of savings someone needs. But eventually, one... Click for more
