Rich As A King

What happens when the game finishes? This is the last Rich As A King podcast. But, you can still listen to other great financial podcasts and learn essential strategies for managing your money. Here’s another great online resource for you – The Goldstein on Gelt Show. On this personal finance podcast, I invite a guest to share his ideas and strategies for investing and personal finance. Each show includes a discussion with an expert on how to invest for success. Popular episodes feature Daniel Kahneman, Pat Flynn, and Suze Orman. Find out what else this twice-weekly show, also hosted by Douglas Goldstein, can offer you.

Apply chess strategy to your investment plan: When you want to win, stick with what works. Listen to this financial podcast to find out how to understand which investing tools and strategies work best for you and how to use them most effectively.

What helped Susan Polgar win at chess over and over again? She began winning chess at age four, and became the first woman in chess history to achieve the title of grandmaster. Find out what strategy she used to win at chess, and how you can use the same strategy to stay ahead even when the market knocks you down.

What is one of the worst financial risks? How about losing money in high tax payments. You can prevent this from happening by putting some of your earnings into a tax-deferred investment. Find out how this helps by looking at the knight on the chessboard, which performs best when it finds a square in enemy territory that can’t be touched by your opponent’s pawns.

If you are thinking of investing in gold, you can either buy physical gold or put your money into a gold ETF. Which is better? What are the advantages and disadvantages of each? If you are thinking of investing in gold, find out how to protect yourself against potential fraud and the actual costs of storing gold. How much does it cost to insure gold? Listen to what you need to know about investing in gold on this financial podcast.

To invest in stocks, you need to know how to choose the ones that are best for you. In this financial podcast, apply Susan’s way of choosing which chess pieces to move on the board to determine which stocks to buy. Once you’ve chosen your stocks, decide how involved you want to be with managing your investments and take a look at the different options that are available to you.

Do you use a defensive strategy when you play chess or manage your finances? Chess grandmasters use defensive tactics to prevent their opponents from having any chance of successful attack. Listen to this podcast to get tactics you can use to defend your investments, as well as your chess pieces. The opposite of being defensive is being aggressive. Listen to The Goldstein on Gelt Show from 10/2/17 to get the free download “You Don’t Even Know How Aggressive an Investor You Really Are.”

What are three financial moves that you can make now to ensure that you will have a comfortable retirement? Consider basing your financial moves on chess strategies. You can adapt chess maneuvers to put your finances in order and prepare for retirement. Download this financial podcast to learn a how to apply chess moves to your finances. Longer lifespans mean longer retirements. Therefore, in order not to run out of money, it’s critical to prepare properly. For more about preparing for retirement in the “age of longevity,” listen to my interview with Professor Andrew Scott, author of The 100-Year Life: Living and Working in an Age of Longevity.

Do you need a perfect plan to be a successful investor? You might be surprised to hear the answer is NO! It’s possible to be a successful investor, even without the perfect plan. As a matter of fact, there is no such thing as a “perfect plan” since investors need to be flexible enough to react to market changes. Action is the key to becoming a successful investor. Compare it to a successful chess player who doesn’t spend the whole game dreaming about the best moves. He acts while the clock is ticking. Act now, and listen to this podcast about how to be a successful investor.

When is the best time to invest? When the markets go up or down? This financial podcast explains why timing the market may not be the best investing strategy. The best chess players don’t let their emotions affect their performance on the board. Learn how to transfer that knowledge to the finance world, and get tips on how to be objective when making financial decisions.

One way of strategic investing is to buy ETFs (Exchange Traded Funds). Sometimes investors are worried about risk, and as a result, limit their choices of ETF to local companies that they already know. Learn about the wide range of ETFs that you can choose from, and why playing a defensive chess game of chess (or being too conservative with your investments) is not always enough in order to succeed. Click here to learn about the different varieties of ETFs.

When looking to invest in great mutual funds or make any other investment decisions, understand what “survivorship bias” and “creation bias” are and how these can become potential pitfalls. Biased decision-making can also affect the world of chess. Listen to learn what biases you should look out for both in investing and on the chessboard.   For more about investing in mutual funds, read this.

What tactics do Warren Buffett and Susan Polgar use when making investing decisions and playing chess? How can an investing tactic be applied to chess, or vice versa? Discover why Warren Buffett says you should invest within your circle of competence and how building a “moat” protects your chess pieces and also the stocks in which you invest.

Which chess quote from Garry Kasparov inspired this financial podcast? Find out what this chess quote teaches about taking opportunities, and also why it’s important to have a specific line of strategy when you invest. Watch a free video about separately managed accounts (SMAs).

A “fork” is a chess technique that involves using a single piece to attack two targets simultaneously. How does this move work, and how can you apply it to retirement planning? Listen to this financial podcast to get tips and advice on how to utilize your assets to achieve more than one investment goal at a time.

As baby boomers get closer to retirement, what’s the financial tool they should avoid? Find out why it’s important to line up your assets as your retirement approaches, just like a chess player who lines up his pieces and refines his endgame. Is it a good idea to take on a mortgage as you approach retirement?

When playing chess and investing, it’s a good idea to measure your results by looking at performance metrics. But why are metrics important? Find out how measuring performance improves efficiency. If you can measure it, you can improve it! This financial podcast also discusses literacy and its connection with improved living standards in many parts of the world.

One of the reasons investing in the stock market is so difficult is because we can’t predict the future.  The trick is to use hindsight to help you determine what will be. While past performance is never a guarantee of future results, if you were able to invest in the stock market 50 years ago, would it have been a worthwhile investment? Take a look at how the world’s economy and standard of living have developed over the past 50 years. When deciding where and how to invest, it’s important to look at the market’s potential and not only at its past. Looking at the potential of every country’s economy is just like how a chess player examines the potential of every piece.

Real estate investors hope to get a quick return on their initial purchase. While multi-millionaires are often real estate moguls, is this a good investing strategy for the ordinary person? Regular folks don’t realize what being a landlord entails or the time-consuming and expensive problems that may arise. On this financial podcast, find out how to invest in real estate without having to be a landlord. Even more importantly, learn to diversify your real estate investments. Also, get a free tool to help you work out your STRATegic goals.

As America is a world leader in energy production and technology, the U.S. economy is one of the most powerful economies on this planet.  America is also one of the world’s largest consumer markets. If you are tempted to benefit from the growth in the U.S. economy by investing in American companies, consider following this chess strategy. Also download a free tool to find out what your risk tolerance level is.

Higher education is a great investment for your future, but it is worth taking on student debt? How much debt is your degree worth, and how will you repay it? This financial podcast warns you about two major pitfalls of student loans. If you already have student debt, download a free tool to help you accelerate paying it back.

Baby boomers are approaching retirement. Find out about a strategy baby boomers can use to help them have a successful retirement. Click here to use the “lunch savings calculator” to help you prepare your finances for the future – no matter how old you are. This link is good for baby boomers as well as anyone else planning to retire one day.

Can you afford to be financially optimistic in today’s volatile market? Susan Polgar’s stories about how she became a chess grandmaster are an inspiring illustration of how optimism can can pave the path to success. Find out why a positive outlook is one of the most useful tools for success, in chess, investing, and in life in general.

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 interest.

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 tool.

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 track.

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 here.

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.

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 questions!

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 gambling.

Despite enjoying popularity on the street, not every “rule of thumb” or popular investing strategy works. A “rule of thumb” is a principle that can be broadly applied to a situation, and by definition, lacks a certain amount of accuracy. Sometimes rule of thumb guidelines can be safely followed. Other times, it may be best to scrutinize common wisdom, like “sell in May and go away.” Today’s episode provides tips on what to think about when deciding what your next financial step should be. Should you follow a general rule of thumb or should you take customized action steps based on your specific situation? If you enjoyed this financial podcast, leave a review for it on iTunes.

What happens if you miss an investment opportunity? Are you doomed to have lost the chance to have made money? Luckily, successful investing rarely involves making once-in-a-lifetime choices.  The majority of Wall Street wealth was not made timing the market. Perseverance, rather timing the market may be the key to financial success. Listen to the story of how the Hungarian government tried to stop Susan Polgar from competing in international competitions during her youth, and what it teaches about using available opportunities. Get information about our upcoming real-life finance course and send your financial questions to be answered on a future episode.

If markets fall, and your stock portfolio takes a beating, don’t despair. On this episode of Rich As A King, find out why it’s important to stick to your strategy even when things go wrong. Falling stock prices isn’t the main threat to your portfolio. Listen to find out what the real danger is. Get information about our upcoming real-life finance course, and click here to send us your financial questions.

What’s the best way to improve your investment results? Learn to filter out distractions and give your plan a chance to work. Listen to this financial podcast to find out why it’s important to stick to your financial plan, rather than continually moving your investments around. In the same way that a chess player ignores the constant barrage of comments from onlookers, and stay focused on the game, you need to stay focused on your financial plan. Get information about our upcoming real-life finance course and send your financial questions to http://www.richasaking.com/contact-us/

What do you need to know before buying a stock? Don’t base your decision on a vague piece of financial news. Look at more specific details, such as a company’s earnings and value. What do these terms mean, and which aspects are important? Find out what a company’s price/earnings ratio is, and how this would affect your final decision. Get information about our upcoming real-life finance course and send your financial questions to http://www.richasaking.com/contact-us/

If you are still working, here’s one retirement planning opportunity you don’t want to miss out on… As many as 68% of working people in America don’t take advantage of this simple retirement savings technique.  What should they do? Maximize the amount you put into an employer-sponsored savings plan or IRA. Listen to this financial podcast to learn what happens to your contributions to a traditional or Roth IRA. What do you need to know if you are 50 or over? Get information about our upcoming real-life finance course (full of other retirement planning ideas) and send your financial questions to http://www.richasaking.com/contact-us/.

Want a great tactic to cut your taxes? Just look at the way many investors handled the sudden drop in pound sterling after the Brexit vote. Find out what tax-loss harvesting is and how it can help you deal with volatile markets. Most importantly of all, don’t panic! (Remember I am a certified financial planner, not an accountant. I do not give specific tax advice. Make sure to get tax advice for your unique situation from a qualified tax professional.) Get information about our upcoming real-life finance course and send your financial questions to http://www.richasaking.com/contact-us/.

Don’t let your spouse be the only one to manage your money. You need to know what’s going on with your finances, even if you don’t handle all of the daily expenses. Find out what the differences are between men and women when it comes to handling finances, and why good communication about money and setting goals is the key to a happy marriage. Watch this three-minute video to learn more about the importance of open financial communication between partners.

Why should non-Americans invest in the United States? There are many non-American players on Susan Polgar’s chess team, because they are seeking the high-quality coaching that the United States specifically offers. America’s reputation for quality extends beyond education to the field of investing. More and more non-Americans are investing in the United States because of the high quality of American investments. Listen to this financial podcast to find out what the three qualities that make U.S. investments so attractive to non-Americans are? Watch this 10-minute video about U.S. brokerage accounts for non-Americans.

What should you do when you get an inheritance? The first thing you should do when you get an inheritance is not to make any rash decisions or changes in your lifestyle without understanding what you have just received. This is especially true if these assets are complex investments. Listen to why it is important to get guidance from a qualified financial advisor when you receive an inheritance.

How can you improve your portfolio’s diversification? By consolidating your money under the watchful eye of a single financial advisor. Last episode discussed how consolidating your investments can make more money.  Listen to this episode to discover the benefits of using money managers or mutual funds to manage specific sections of your portfolio. By consolidating your assets under one account, you can make sure that you are properly diversified.  Listen to the whole show for a link to a free video about money managers.

How can you make more money by consolidating your investments?  If your investments are scattered among different companies not only is it difficult to know what you own, but you may end up paying more in fees. Not to mention, your asset allocation may not be as diversified as you think. Organizing your investments isn’t a guarantee that you’ll make more money, but it is an effective strategy to increase investment returns. Get a link to a free tracker that will help you see your financial situation clearly and easily.

Do you want to become a better investor? Three chess strategies helped Susan Polgar’s collegiate chess team win the national championship six times in a row. Find out what these strategies are and how they can help you become a better investor and financial winner.

Listen to a story about how a man lost his retirement savings because he chose to ignore good advice. This story teaches strategic lessons about how NOT to invest your retirement savings. Get some positive tips and tactics for managing your money.

What are alternative investments? How do they compare to ETFs, stocks, bonds, and mutual funds? This week’s financial podcast explains why it is important to avoid complexity in investing, and why you should make sure to match your investments to your personality and risk tolerance.

Nobel Prize winner Harry Markowitz, pioneer of modern portfolio theory, explains his theory on how to decide to make the best move. Doug speaks with Harry Markowitz about similarities between chess and investing, and how to make successful decisions.

Set a goal, and get motivated to reach your goal by listening to the amazing story of Grandmaster Susan Polgar’s childhood, being homeschooled under the tough conditions of Communist Hungary. Discover what STRATegic goals are and how adopting this system of goal setting can help you achieve your dreams.

Protect your money by using an amazing chess move – castling. How does this “castling” work, and what’s its connection with investing? This financial podcast explains the basic steps for keeping your money and your family safe from financial checkmate.

What’s the truth behind “free offers”? Many “free offers” are scams and contain a hidden agenda. Do you know anyone who “won” a free offer only to find out the offer wasn’t free, or wasn’t what was promised? Listen to this financial podcast to hear a true story about a free offer of a cruise. And best of all, stay tuned until the end of this financial podcast for a genuine free offer – the Rich As A King poster book. It really is free – listen for the details.

Have you heard of the chess concept of perpetual check? This is when you may not win the game, but you can keep your opponent in check forever. This tactic can also be applied to finance. Learn why it is sometimes better simply not to lose than to suffer a crushing defeat.

Do you know which of your assets has the most potential to make money? Listen carefully to the answer – it may both surprise and inspire you. And once you know, follow three very important tips that will help you to use this asset to its greatest potential to make money.