by Douglas Goldstein | Feb 7, 2017 | Decision Making, Financial Strategies, Podcasts |
If you like investing in bonds and other conservative investments, how should you invest when interest rates are low? Low interest rates and high inflation can actually lower the real value of your money if it is invested in bank savings accounts or CDs. So what are your options if you don’t want to take on a high risk (read: potentially high return) investment? Listen to this financial podcast to learn about a strategy that can help you make the best out of your investments during times of low... Click for more
by Douglas Goldstein | Jan 10, 2017 | Financial Strategies, Podcasts |
What is “multiple attack strategy,” and which tactic can it teach you for improving your investment performance? Why is balance important both in life and in investing? Find out how it can keep your investments on... Click for more
by Douglas Goldstein | Dec 27, 2016 | Financial Strategies, Podcasts |
When should you buy stocks? When they are riding high, or when they are at an all-time low? What does the expression, “Buy when there is blood in the streets” mean? How does it relate to investing? Listen to Susan Polgar’s explanation of when the best time is to strike at your opponent in chess, and learn a how to apply a chess strategy to investing. For more inspiration from the game of chess, get a free download of the Rich As A King poster book... Click for more
by Doug Goldstein CFP® | Dec 20, 2016 | Asset Allocation, Financial Strategies |
What’s an effective investment strategy for when interest rates are low? The problem with investing during periods of low interest rates is that your returns may not beat inflation and your money may lose its real value. One practical solution is to invest with a bond ladder. What is a bond? To understand why bond ladders are a frequently used investing strategy, you need to know how bonds work. A bond is a loan that you make to a corporation or government. Each loan has a set time period (term) and rate of interest. When the bond reaches its maturity date (the end of the set time period), you get back your original loan in addition to the final interest payment. What is a bond ladder? A bond ladder is a portfolio of individual bonds or CDs (certificates of deposit in a bank) that you buy to diversify your account. Each bond matures at a different date and has its own rate of interest. Buying bonds/CDs in this manner means that you don’t tie up all of your money in a single issue at one set interest rate. For example, you may buy a ladder of individual bonds that mature in one, two, three, four, and five years. If you have $100,000, you may decide to put $20,000 into each bond, which will then mature over consecutive years. Why this is helpful to lock in good interest rates If you invest the $100,000 mentioned above into a single bond with a rate of 1% for five years, you won’t benefit if an interest rate rise occurs during this time.... Click for more
by Douglas Goldstein | Dec 13, 2016 | Financial Strategies, Podcasts |
What’s the best way to deal with a market drop? Is there a similarity between the unpredictable moves of the market and the unpredictable moves of a chess opponent? Listen to what that Susan Polgar did when she was faced with a chess game whose outcome was determined by drawing lots. What did Warren Buffet say when an interviewer asked him in 2009 how he felt about losing 40% of his lifetime capital in the 2008 crash? Both of these leaders share a similar trick that you could also use. Find out more on this financial podcast.... Click for more
by Doug Goldstein CFP® | Nov 22, 2016 | Decision Making, Financial Strategies |
You know where the idea that simple, small, budgeting techniques can reap huge rewards comes from? Chess, or course. Grandmasters know that they can win a game by making a series of innocuous looking moves, and each of those moves will improve their situation a little bit, until they ultimately become big winners. Check out this great video where Susan Polgar illustrates this idea by explaining how a small move on the chessboard can turn a seemingly lost game into a win: If you have trouble viewing the video, click here to watch. Enjoy this video? Buy a copy of Rich As A King, and you can get free access to other bonus videos that illustrate other chess and financial concepts in the book. Douglas Goldstein, co-author of Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing,is an avid chess fan, international investment advisor and Certified Financial Planner (CFP®). ... Click for more
