by Douglas Goldstein | Jan 24, 2017 | Asset Allocation, Decision Making, Podcasts |
Global diversification, spreading out your investments among various countries, is an important part of investing. But how can you determine the best countries to invest in? Global diversification is an important part of asset allocation. Want a chess metaphor to think about the importance of diversification? Think of diversification as “castling” ? a way to protect your investments. What are the tactics that you can use to diversify, yet invest safely? Need a guide to diversify and allocate your assets efficiently and responsibly? For the first steps to take, go to www.richasaking.com/tools and use our asset allocation... 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 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 Douglas Goldstein | Nov 29, 2016 | Podcasts, Strategic Thinking |
Are you ready for the next market crash? While it is impossible to predict when the next market crash will come, there are certain steps that you can take to protect whenever the next economic downturn occurs. History has shown that markets respond to dramatic world events, such as wars, assassinations, and political scandals. The better prepared you are for unforeseen setbacks means they won’t take you by surprise. Preparation can lessen their negative effect. Susan Polgar’s story of how she overcame a huge disadvantage when the International Chess Federation FIDE awarded female players (except her!) 100 points, shows how you shouldn’t give up … no matter how dire things look. Get information about our upcoming real-life finance course and send us your financial... Click for more
by Douglas Goldstein | Nov 15, 2016 | Behavior finance, Financial Strategies, Podcasts |
What’s the difference between a casino and the stock market? On this week’s financial podcast, find out why the odds are much better if you invest your money in the stock market than if you try to make a huge win at a casino. Learn how to determine your real chances of winning, and why investing is not... Click for more
