Goldstein on Gelt: Recent Episodes
Douglas Goldstein | CFP® | Profile Investment Services
The Goldstein on Gelt Show is a global investment and financial planning radio show designed to educate and entertain its listeners with financial strategies and investment tips. Douglas Goldstein, CFP® hosts the weekly show, which can also be heard at www.goldsteinongelt.com, and is the director of Profile Investment Services, Ltd., www.profile-financial.com.
Inherited bonds and U.S. brokerage accounts can create confusion for Americans living in Israel, especially when the portfolio includes municipal bonds, callable bonds, long maturity dates, or positions that have dropped in market value.
A bond may look "safe," but that does not always mean it still fits your retirement plan, cash-flow needs, tax situation, or cross-border financial reality.
Understanding what you own is the first step toward making better investment decisions. This episode explains why bond prices move when interest rates change, what callable bonds can mean for investors, how tax-loss harvesting may help in certain situations, and why concentration risk should not be ignored. For Americans in Israel managing U.S. brokerage and IRA accounts, a portfolio review can help determine whether inherited investments still support the life and goals you have today.
Key Takeaways and Action Points:
- Review inherited bonds to understand face value, market value, maturity dates, and callable features.
- Do not assume municipal bonds are automatically tax-efficient when you live in Israel.
- Consider whether selling at a loss may create tax-planning opportunities.
- Look at the entire portfolio, including individual stocks, bonds, and concentration risk, before deciding what to keep or sell.
Schedule your free introductory call to see if we're a good fit: https://profile-financial.com/call
U.S. brokerage and IRA account access can become a serious problem for Americans living in Israel if the right legal documents are not in place. A will, shared password, or joint bank account may not give your family the authority to manage your finances during a medical emergency or period of incapacity.
Cross-border financial planning should include clear account access, a durable financial power of attorney, healthcare decision-making documents, and coordination between U.S. and Israeli systems. When your family knows who is responsible, where the documents are kept, and which professionals to contact, they are better prepared to act quickly and avoid unnecessary conflict.
Key Takeaways and Action Points
- Make sure someone you trust has legal authority to manage your accounts if you cannot.
- Do not assume a joint account, password, or will covers your full financial life.
- Coordinate your U.S. and Israeli documents if you have accounts in both countries.
- Tell your family where key documents are kept and who should be contacted first.
Schedule your free introductory call to see if we're a good fit: https://profile-financial.com/call
Lump sum investing can feel like a smart next step when extra cash is sitting in a money market fund or savings account. But before choosing dividend stocks, bonds, growth funds, crypto, or any other investment, the real question is: What is this money for? A strong investment strategy starts with purpose, timeline, and risk, not with whatever investment is getting attention right now.
When money doesn't have a clear goal, it's easy to build a portfolio around scattered ideas instead of a financial plan. Matching each pool of money to a realistic timeline can help you decide whether you need safety, income, long-term growth, or diversification. For Americans in Israel with U.S. brokerage and IRA accounts, that kind of goal-based investing can make it easier to avoid unnecessary risk, tax surprises, and trend-driven decisions.
Key Takeaways and Action Points
- Start with the goal. Define what each pool of money is meant to support before choosing investments.
- Use your timeline to guide the strategy. Money needed soon should usually be handled differently from money meant for long-term growth.
- Don't chase income you don't need. Dividend strategies can be useful, but they should fit your actual cash-flow needs and tax situation.
- Avoid trend-driven investing. Diversification can help keep your portfolio aligned with your goals instead of the latest market headlines.
- Read the full blog post here: https://goldsteinongelt.com/investing-basics-strategies/smart-way-to-invest-a-lump-sum
Cross-border financial planning can become stressful when important tasks are delayed. U.S. brokerage accounts, IRA accounts, beneficiary designations, estate documents, and account transfers often take longer than expected, especially for Americans living in Israel. What feels like a routine financial task can quickly become a last-minute scramble when paperwork, firm response times, holidays, and professional coordination all collide.
The best time to deal with financial decisions is before pressure builds. Starting early gives you time to review your options, ask questions, gather documents, and make more thoughtful choices. For cross-border investors, acting during calm periods can make the difference between a manageable process and a stressful deadline.
Key takeaways and action points:
- Review any U.S. brokerage, IRA, estate, or beneficiary tasks you have been postponing
- Start early, especially when cross-border paperwork or financial institutions are involved
- Build extra time into your planning so delays do not become emergencies
- Take one concrete step this week instead of waiting for the perfect moment
If you would like to review how your U.S. brokerage or IRA accounts fit into your life in Israel, schedule your free introductory call to see if we're a good fit: https://profile-financial.com/call
Inherited bonds for Americans in Israel can be confusing, especially when a U.S. brokerage statement includes municipal bonds, callable bonds, long maturity dates, and market values that are lower than expected. Understanding how bond prices, interest rates, face value, and maturity dates work can help investors review inherited holdings with more clarity.
For Americans living in Israel with U.S. brokerage and IRA accounts, inherited bonds may need a fresh look. A bond may be considered "safe," but that does not automatically mean it is suitable for your tax situation, liquidity needs, retirement plan, or cross-border financial life. Municipal bonds, callable bonds, tax-loss harvesting, and concentration risk should all be reviewed as part of the bigger portfolio picture.
Key takeaways and action points:
- Review inherited bonds before assuming they still fit your financial plan
- Understand the difference between a bond being "safe" and a bond being suitable for your current life
- Check municipal bonds, callable bonds, maturity dates, and market values before making decisions
- Look at the whole portfolio for concentration risk, tax issues, and cross-border planning gaps
Schedule a free introductory call to see if we're a good fit: https://profile-financial.com/call
Market volatility can make even experienced investors question whether they should sell, move to cash, or wait things out. When the stock market feels shaky, fear often pushes people toward fast decisions that may hurt long-term returns. This episode explains how to respond to market declines with a clearer investment strategy instead of emotional reactions.
The discussion covers why market timing is so difficult, how portfolio adjustments can be made gradually, and why risk tolerance matters as much as market performance. It also explores how retirees and long-term investors can build a plan they can stick with during uncertain times. For Americans living in Israel with U.S. brokerage and IRA accounts, staying disciplined can be especially valuable when managing cross-border finances.
Key takeaways:
- Learn why trying to predict market drops can backfire
- Understand how to reduce portfolio risk without drastic moves
- Review the role of cash reserves during volatile markets
- Build an investment strategy aligned with your risk tolerance
If you live in Israel and need help managing U.S. brokerage or IRA accounts, schedule your free introductory call to see if we're a good fit: https://profile-financial.com/call
U.S. brokerage accounts in Israel don't always transfer the way people expect. Many investors rely on transfer-on-death (TOD) designations, assuming their assets will pass smoothly to heirs. In reality, cross-border rules, brokerage firm policies, and compliance requirements can interfere, leading to delays, restrictions, or unexpected complications at the time of inheritance.
A more effective approach to cross-border estate planning focuses on coordinating U.S. brokerage accounts with structures that are recognized in both the United States and Israel. Understanding how inheritance, probate, and account ownership work together can help reduce friction and improve outcomes. With proper planning, investors can create a clearer, more reliable path for transferring assets to the next generation.
Key takeaways:
- Transfer-on-death (TOD) designations may not work as expected for Americans living in Israel
- U.S. brokerage firms can delay or restrict account transfers due to compliance rules
- Cross-border estate planning requires alignment between U.S. and Israeli systems
- Reviewing your account structure early can prevent complications later
Schedule your free introductory call to see if we are a fit: https://profile-financial.com/call
Gifting strategy, retirement planning, and cross-border finance all come into focus when retirees living in Israel begin giving from U.S. brokerage and IRA accounts without a clear plan. This episode breaks down how generosity, when not aligned with cash flow and portfolio sustainability, can create long-term financial pressure. It highlights the risks of relying on rough estimates instead of precise expense tracking, and why even large portfolios are not immune to market volatility, rising living costs, and currency fluctuations.
A more structured approach to financial planning allows retirees to continue supporting family while protecting their own financial security. By focusing on cash flow clarity, stress-testing investment portfolios, and building flexibility into gifting plans, cross-border investors can avoid common mistakes and make decisions with greater confidence. The conversation centers on replacing uncertainty with clear data, helping retirees stay in control of both their lifestyle and their long-term goals.
Key takeaways and action points:
- Understand your true monthly expenses before committing to any gifting strategy
- Evaluate how market downturns and currency shifts could impact your financial plan
- Build flexibility into your gifting approach to adapt to changing circumstances
- Align generosity with long-term retirement planning, not short-term emotion
Schedule a free introductory call to see if we're a good fit: https://profile-financial.com/call
Inherited investment portfolio decisions can feel overwhelming, especially after losing a spouse or taking over investments you didn't choose. Many retirees managing U.S. brokerage or IRA accounts feel pressure to make everything "safe" by moving into bonds or cash. But decisions driven by fear rather than clarity can affect long-term retirement security. A better approach starts with understanding your income sources, time horizon, and the role the portfolio plays in your overall financial plan.
Key takeaways and action points
- Understand the role your investment portfolio plays within your overall retirement income plan
- Evaluate risk tolerance based on your time horizon, not just current market fears
- Learn the basic structure and purpose of the investments you hold before making changes
- Review your investment strategy periodically rather than reacting to short-term market movements
You can schedule a free introductory call to see if we are a good fit to work together at www.profile-financial.com/call.
Cross-border estate planning for Americans in Israel with U.S. brokerage and IRA accounts often breaks down at the exact moment a family needs it most. This conversation focuses on how to keep control and continuity across two legal systems by aligning the right documents, account permissions, and beneficiary designations so your family can avoid delays, confusion, and unnecessary stress.
The episode walks through the practical difference between authority while you are alive and competent versus what happens after incapacity or death, including why Israeli documents may not be accepted by U.S. financial institutions, how bank and brokerage policies can restrict access, and why beneficiary forms on retirement accounts can override a will. The core theme is simple: plan now so your family does not pay later, financially, emotionally, or logistically.
Key takeaways and action points
- Confirm who has legal authority to act if you are unavailable, and make sure that authority matches the rules of your U.S. brokerage and IRA accounts.
- Review and update beneficiary designations regularly, especially after major life changes, to prevent unintended outcomes.
- Coordinate your Israel and U.S. planning documents so your estate planning works across borders, not just in one country.
Schedule your free introductory call to see if we're a good fit: https://profile-financial.com/call
U.S. brokerage and IRA accounts for Americans living in Israel require more than routine oversight. Once you become a cross-border client, compliance rules shift, documentation standards tighten, and access can feel less predictable. Even if your investments are diversified and performing as expected, your account structure may not be designed for overseas residency.
This episode explores how living in Israel affects U.S. brokerage accounts, IRA accounts, required minimum distributions, and overall cross-border financial planning. The focus is on reducing friction, simplifying structures, and aligning your investment accounts with your residency reality. The goal is clarity, control, and fewer surprises when markets move or life events require quick action.
Key Takeaways
- Cross-border residency changes how U.S. brokerage firms classify and supervise your accounts.
- IRA distributions and reporting become more layered when coordinating between the U.S. and Israel
- Complexity across multiple institutions increases compliance friction
- A proactive structure reduces stress and improves long-term financial control
You can book a free cross-border evaluation call here: https://profile-financial.com/call
Most people spend significant time planning how to build wealth, but far fewer consider how their family would access that wealth if something unexpected happened.
For Americans living in Israel who maintain U.S. brokerage or retirement accounts, that question can be more complex than it appears. The challenge usually involves authority, documentation, and cross-border procedures.
From the outside, U.S. accounts often appear unchanged after someone relocates to Israel. Statements arrive, online access continues, and the accounts seem stable. That familiarity can create comfort, but it can also hide administrative challenges that surface during estate transitions.
When inheritance meets two legal systems Inheritance is often assumed to be simple. A relative passes away, assets transfer to heirs, and accounts continue under new ownership.
Cross-border estates rarely follow that pattern.
Consider a common situation. A son lives in Israel while his parent maintains brokerage accounts in the United States. The parent passes away and the will names the son as the heir.
From the son's perspective, the next step seems straightforward. Notify the financial institution, submit documentation, and transfer the accounts.
Instead, access to the accounts often stops immediately after the parent's death. Financial institutions typically freeze accounts once they receive notification. This step protects assets and ensures that only properly authorized individuals can act.
At that point, the focus shifts from who should inherit the assets to who has legal authority to act on behalf of the estate. That distinction frequently creates confusion.
Family expectations often rely on intent. Legal systems rely on documentation and verification. When required paperwork is incomplete or delayed, inheritance can slow significantly.
Beneficiary designations and wills Many retirement and brokerage accounts use beneficiary designations on their retirement accounts. When completed correctly and kept current, they normally allow assets to transfer directly to heirs without probate. Financial institutions still require verification before releasing assets. But regular brokerage accounts don't usually have the possibility of a beneficiary designation. "What about transfer-on-death accounts (TOD)?" you might ask. If the account owner and heirs all live in the United States, that might work, but for people who live overseas, the TOD may not work and the brokerage firms may require a probated will.
Probate is the court-supervised process that confirms who has legal authority to inherit assets. Depending on jurisdiction and estate complexity, it can take considerable time and delay account access.
Power of attorney can create misunderstandings. While it may allow someone to manage accounts during a person's lifetime, that authority generally ends at death. Even if a family member previously helped manage accounts, that control disappears once the account holder passes away.
Online account logins do not replace legal authority and continued use after death can create additional complications.
Additional documentation cross-border families often face Cross-border inheritance frequently introduces procedural steps that families do not anticipate. Documents may require notarization, apostilles, or translation. Financial institutions may request tax clearance before releasing assets. Communication often involves multiple time zones and unfamiliar regulatory processes.
Each requirement exists for protective and regulatory reasons. Financial institutions must verify identity, confirm authority, and comply with legal obligations. For families managing responsibilities from another country, the administrative process can still feel overwhelming.
Many individuals assume that having a will resolves these challenges. A will remains an important estate planning document, but it functions within the legal system where it was created. When heirs live abroad, additional validation steps may still be required.
Why inheritance paperwork often continues after assets transfer Inheritance rarely ends when accounts transfer. It often unfolds in stages that may include estate administration, account restructuring, and tax considerations across multiple countries.
In the United States, estate taxes may apply depending on estate size and applicable thresholds. In Israel, receiving inherited assets may create reporting obligations depending on the circumstances. If inherited investments are later sold, capital gains rules in one or both countries may apply.
Retirement accounts such as IRAs can introduce further complexity. Required minimum distributions may create ongoing reporting responsibilities and potential taxable events based on the heir's individual situation.
This article is intended for educational purposes only and should not be considered financial, legal, or tax advice. Each situation involves unique factors and should be reviewed with qualified professionals.
Planning that may help reduce future delays Cross-border estate planning does not eliminate complexity, but it can reduce uncertainty and help coordinate financial, legal, and administrative processes.
Families who experience smoother inheritance transitions often share several habits. They periodically review beneficiary designations to confirm they reflect current intentions. They maintain organized records of accounts, financial institutions, and contact details. They revisit estate planning documents after relocating to Israel to confirm the structure remains effective.
When planning evolves alongside life changes, families often encounter fewer unexpected administrative obstacles.
Practical steps that may improve preparedness Americans living in Israel who maintain U.S. investment accounts may benefit from several foundational steps.
Maintaining a consolidated list of accounts can help family members identify financial institutions and contact details if needed.
Reviewing beneficiary designations can help confirm retirement accounts align with estate planning goals.
Discussing financial account access with family members may help clarify who should contact financial institutions and which documentation may be required.
These steps do not eliminate every challenge, but they may reduce uncertainty and help families navigate complex situations more effectively.
Schedule a Conversation If you are living in Israel and managing U.S. brokerage or I.R.A. accounts, and you are unsure whether your investments still make sense for your situation, it may be worth taking a fresh look. You can book a free cross-border evaluation call here: https://profile-financial.com/call. It is a no pressure conversation and a chance to see whether your current setup aligns with how you live today.
U.S. brokerage accounts for Americans in Israel often fail because of communication gaps, not bad investments. Living abroad introduces time zone mismatches, outdated contact details, and unfamiliar login activity that can trigger reviews at U.S. brokerage firms. When a firm cannot reach an account holder, systems are designed to slow things down and protect the account, which can lead to delays or restricted access even when nothing is actually wrong.
This episode focuses on the overlooked administrative side of cross border investing for Americans living in Israel with U.S. brokerage and IRA accounts. It explains how U.S. firms interpret silence, why this issue shows up more frequently for people overseas, and how a trusted contact fits into compliance and account continuity. The emphasis is on understanding process, roles, and control so that normal life interruptions do not turn into unnecessary financial friction. Key takeaways:
- Why communication breakdowns are a leading cause of U.S. brokerage account restrictions abroad
- How U.S. brokerage firms respond when they cannot confirm intent from overseas clients
- What a trusted contact is designed to do and why it does not reduce account control
- How Americans in Israel can reduce delays by aligning account setup with real life abroad
Explore more here: https://profile-financial.com/blog
U.S. investments can feel confusing and stressful once you're living in Israel, even when your brokerage or I.R.A. accounts look fine on paper. This episode looks at why Americans abroad often experience financial unease and how "drift" slowly creeps in when life changes but accounts stay the same. What feels like playing it safe by doing nothing can create misalignment between your money and the life you're actually living.
Cross-border investing adds emotional weight and practical complexity, from managing two systems to worrying about taxes, inflation, and long-term purpose. Find out why clarity matters more than performance, how time and inaction reshape outcomes, and how reframing your U.S. investments around goals and time horizons can reduce stress and restore confidence.
Key takeaways:
Doing nothing with U.S. brokerage and I.R.A. accounts is still a decision and it carries its own risks over time Financial stress often comes from misalignment, not markets Clarity starts by understanding the purpose and time frame of each account
Read the full article and explore the ideas in more depth here: https://profile-financial.com/blog
U.S. investing for Americans in Israel starts with understanding what you actually own and why it belongs in your portfolio. When you live in Israel and manage U.S. brokerage and I.R.A. accounts, complexity can quietly creep in. Different platforms, cross-border rules, confusing statements, and unfamiliar strategies often lead people to stop asking questions and rely on blind trust. That may feel easier in the moment, but it usually increases stress and uncertainty when markets move or life changes.
This episode focuses on simplifying U.S. investments without watering them down. The core idea is that confidence comes from clarity. When you understand how your investments work, what drives their performance, and whether they truly fit a cross-border lifestyle, financial decisions become calmer and more intentional. Simplicity is not about being basic. It is about being able to explain your strategy clearly and knowing it aligns with life in Israel while still serving long-term goals.
Main ideas and key takeaways:
Confusing investments often create anxiety and emotional decision-making. Understanding what you own is essential for managing U.S. brokerage and I.R.A. accounts from Israel. Knowing what drives market movement helps investors stay disciplined during volatility. Cross-border suitability matters just as much as investment performance.
Read the full article and explore more resources here: https://profile-financial.com/blog
Market volatility, mindset, and investor resilience take center stage in this episode, exploring how a simple mental shift can change the way you handle financial stress. By focusing on the "good" philosophy and the formula E + R = O — Event plus Response equals Outcome — the discussion shows how investors can stay calm, think clearly, and make better long-term decisions even when markets fall or life throws unexpected challenges their way.
This approach emphasizes controlling your response, looking for opportunity inside adversity, and strengthening the personal discipline that leads to smarter investing and steadier emotions. It's a practical, relatable roadmap for anyone wanting to build resilience and confidence in their financial life.
Key takeaways:
- Use the "good" mindset to pause before reacting during market volatility
- Apply E + R = O to focus your energy on your response, not the event
- Search for opportunity in financial setbacks to strengthen long-term discipline
- Build resilience through consistent, intentional thinking and behavior.
Read more on the blog: https://profile-financial.com/blog
Financial communication between couples often breaks down long before the numbers ever do. That's because every financial decision is shaped by three powerful influences: your past, your present, and your vision for the future.
Developed by BatSheva Goldstein, the FinancialDate™ Discussion Cards are a simple yet powerful tool that sparks meaningful money conversations, helping couples align their goals, uncover emotional triggers, and plan together more effectively.
This episode explores how couples can improve their money communication, reduce conflict, and make clearer investment decisions. Learn how to turn financial tension into understanding and how one deck of cards can transform your approach to money.
Key Takeaways:
- Financial planning is about aligning two life stories—not just crunching numbers
- Spotting recurring patterns leads to calmer, more productive discussions
- The FinancialDate™ Discussion Cards offer couples a unique way to have easier, more meaningful money talks.
Want to learn more? Visit www.financialdate.com to explore the FinancialDate™ Discussion Cards, sign up for a free sample, and start having better money conversations today.
Bear markets and market downturns can shake investor confidence, but they don't have to derail your financial plan. Market drops are a natural part of investing—and for Americans living in Israel with U.S. brokerage or I.R.A. accounts, knowing how to respond calmly can protect your long-term goals. This episode breaks down what bear markets really are, why emotional reactions can hurt returns, and how to stay steady when the headlines scream panic.
Key Takeaways:
- Bear markets are temporary phases in a normal investing cycle
- Fear-based decisions often lead to selling low and missing recoveries
- A strong emergency fund helps prevent panic-selling during volatility
- Consistent, disciplined investing builds resilience through downturns
Looking to dive deeper into tax-smart investing? Visit our blog for expert insights and strategies tailored for cross-border investors. Explore more here.
Past performance is no guarantee of future returns.
When the Federal Reserve cuts interest rates, markets often react like they've had one too many espressos. Stocks swing, currencies shift, and investors start second-guessing everything. For Americans living in Israel with U.S. brokerage and IRA accounts, these rate cuts don't just make headlines; they can directly affect savings, income, and peace of mind. This episode breaks down what a Fed rate cut really means, how it can impact your investments, and what steps you can take to manage risk and stay grounded. You'll also hear how thoughtful financial planning and emotional discipline can help you weather uncertainty and maintain confidence in your long-term strategy.
Key Takeaways and Action Points:
- Understand how Federal Reserve rate cuts affect U.S. investments and the dollar-shekel exchange rate.
- Review your portfolio's balance and risk level regularly to ensure it still aligns with your goals.
- Keep a clear, consistent plan in place, one that helps you stay patient and avoid emotional investment decisions when markets shift.
Looking to dive deeper into tax-smart investing? Visit our blog for expert insights and strategies tailored for cross-border investors. Explore more here.
Why Annuities Are a Problem for Americans Living in Israel
Annuities promise stability and guaranteed income, but for Americans living in Israel, they can quickly become a financial trap. Complex contracts, long lock-in periods, and high fees often make these insurance products far less flexible than they appear. And when cross-border tax rules enter the picture, what seems like a safe, "guaranteed" investment in the U.S. can create major complications overseas.
This episode unpacks how annuities really work, why they often don't fit cross-border investors, and what alternative strategies can provide steady income with greater control. Learn what to watch for in the fine print, how to identify red flags, and how to build a more reliable retirement plan that aligns with your goals in Israel.
Key Takeaways:
Annuities can involve high fees, surrender penalties, and limited access to funds. U.S.–Israel tax rules may reduce or even eliminate the expected benefits. A flexible, well-diversified investment plan can offer similar income with fewer complications.
Want to see how your financial plan holds up across borders? Schedule a free Cross-Border Financial Evaluation at profile-financial.com/call.
Money talk doesn't have to mean money tension especially when you've got the right tools to decode what's really being said. In this episode, BatSheva Goldstein, creator of FinancialDate™ Discussion Cards, joins Doug Goldstein, CFP ® to explore why financial questions are rarely just about numbers. For couples—and especially for Americans living in Israel—money conversations often carry cultural baggage, hidden values, and emotional subtext that can lead to major misunderstandings.
Drawing from decades of experience working with couples, BatSheva shares how the FinancialDate™ approach helps partners cut through confusion, build trust, and connect over their shared goals. Learn how cultural norms influence the way we talk about money, why even generous couples argue over charity, and how small shifts in communication can change everything.
Key takeaways:
- FinancialDate™ cards can help couples have meaningful, judgment-free money talks
- Cultural differences often shape how we ask and answer money questions
- Listening to values behind the numbers leads to stronger financial alignment
Learn more and get your own set of FinancialDate™ Discussion Cards at www.financialdate.com
Retirement is supposed to be your golden years, not a financial minefield. Yet too many people make mistakes that chip away at their savings and peace of mind. Skipping estate planning, helping kids a little too much, grabbing Social Security too early, or falling for scams can all put your hard-earned retirement at risk. The good news? With the right strategy, you can steer clear of these traps.
This episode breaks down the most common retirement pitfalls and shows how cross-border families in Israel with U.S. brokerage and IRA accounts can stay protected. With a mix of practical planning and a dose of patience, you'll discover how to keep more of your money working for you — and less of it slipping away.
Key Takeaways:
- Estate planning is the safety net that keeps your family protected.
- Protect retirement funds by setting boundaries on how much you give away.
- Delay rash moves — smart Social Security timing and scam awareness can mean more money in your pocket.
👉 Ready to protect your retirement? Schedule a free Cross-Border Financial Evaluation today!
Managing cross-border investments from Israel can feel like playing financial chess on two boards at once—and the pressure kicks up when a safe investment matures or a hot market trend starts calling your name. This episode is all about turning those “What now?” moments into smart, confident moves. You’ll discover why cash on hand isn’t lazy money, how to sidestep the fear of missing out, and ways to keep your portfolio both rock-solid and flexible. Think of it as your game plan for making money decisions without the stress.
We’ll also dive into why simple strategies often beat flashy ones, and how to give every dollar in your U.S. brokerage and IRA accounts a clear purpose while living in Israel. With tips to help you protect your nest egg, explore exciting opportunities, and keep market hype in check, you’ll come away ready to invest with both confidence and calm.
Key Takeaways:
Turn cash windfalls into strategic moves that fit your short-, mid-, and long-term goals Use a “fun money” satellite account to explore new ideas without putting your core at risk Rebalance regularly to keep your portfolio in shape—no crystal ball required
Book your free Cross-Border Financial Evaluation today and find out if your portfolio is truly built for your life in Israel.
The countdown is on... Israel’s 10-year tax holiday doesn’t last forever. When the exemption ends, many olim discover too late that their U.S. brokerage and IRA accounts are suddenly exposed to Israeli taxes, paperwork headaches, and cross-border confusion. The good news? With the right planning, you can stay one step ahead of the deadline and keep your financial life running smoothly.
This episode takes you behind the scenes of the so-called “10-Year Tax Trap,” showing how to avoid double taxation, protect your heirs, and simplify your accounts before the rules change. Think of it as your financial checkpoint: a chance to review, adjust, and prepare without panic, and without last-minute scrambles.
Key Takeaways:
The 10-year tax holiday eventually ends, bringing Israeli capital gains tax into play for U.S. accounts Rushing into moves at the last minute can create bigger problems with both U.S. and Israeli taxes A proactive review now gives you clarity, control, and peace of mind for the years ahead
Looking to dive deeper into tax-smart investing? Visit our blog for expert insights and strategies tailored for cross-border investors. Explore more here.
Managing U.S. accounts from Israel doesn’t have to feel like a juggling act. Between time zones, tax forms, and account restrictions, the move can get overwhelming fast—but the good news is, with the right setup, you can turn financial chaos into clarity. Discover how to streamline your retirement accounts, avoid costly surprises, and create a system that actually works for life in Israel.
Think of it as unpacking your financial “suitcase” and finally putting everything in the right place. With a little planning, your U.S. brokerage and IRA accounts can stay just as organized—and effective—as your new life abroad.
Key takeaways:
- Simplify your U.S. accounts so you can manage them stress-free from Israel
- Tackle time zone hurdles, compliance issues, and cross-border taxes before they trip you up
- Keep retirement goals on track with regular reviews and a coordinated plan
If you’re ready to get your cross-border finances in order, sign up for a free Cross-Border Financial Evaluation at profile-financial.com/call.
Money stress doesn’t just show up in your bank account. It shows up in how you feel every time markets move, bills arrive, or your portfolio statement lands in your inbox. For Americans in Israel juggling U.S. brokerage or IRA accounts, those fears can feel even bigger. But what if you could turn that anxiety into clarity and confidence? This episode dives into why money fears run deeper than numbers on a page and how self-awareness, simple habits, and realistic goals can flip the script. You’ll discover how to recognize the emotional side of investing, build routines that lower stress, and celebrate progress in a way that keeps you moving forward. Because handling money isn’t just about performance... it’s about peace of mind.
Key Takeaways:
Uncover the hidden ways emotions and past experiences shape financial choices Use knowledge and small wins to reduce money stress and boost confidence Strengthen financial resilience with clear goals, healthy habits, and trusted guidance
If you’re looking to build clarity into your portfolio, schedule a free Cross-Border Financial Evaluation today!
Inheriting U.S. assets while living in Israel can feel like you’ve just been handed the keys to a treasure chest… only to realize it’s locked, and the instructions are written in two different tax codes. Between cross-border rules, trust and IRA quirks, and the emotions that come with a loved one’s gift, it’s easy to feel overwhelmed. This episode shows how to turn that “Where do I even start?” feeling into a confident, step-by-step plan. You’ll discover how to bring scattered accounts under control, sidestep expensive mistakes, and use your inheritance to build lasting security.
Instead of rushing into quick decisions, you’ll learn how to slow things down, zoom out, and see the whole picture. Think of it as shifting from frantic reaction mode to calm, strategic control—so your inheritance works for you, not against you.
Key Takeaways:
- Hit pause before making any big moves—time is your ally when managing inherited U.S. assets.
- Bring your accounts together so you can see your full financial landscape clearly.
- Learn the cross-border rules now to save yourself headaches—and money—later.
If this sounds like you, schedule a free Cross-Border Financial Evaluation to get clear on your next steps at profile-financial.com/call.
Money fights, emotional spending, and financial tension—sound familiar? It’s not just about numbers. Guest host BatSheva Goldstein, creator of FinancialDate™ Discussion Cards, steps in to explore the emotional side of money: the hidden “money scripts” shaped by childhood, culture, and family that quietly influence your financial choices. When you're stuck in the same money argument on repeat, there's often more going on under the surface than you think.
BatSheva is joined by financial therapist and CFP® Elana Feinsmith, who shares how couples can stop clashing over cash and start communicating with clarity. From understanding each other’s money values to building a spending plan that actually feels good, this episode is packed with insights to help you make calm, confident financial decisions together.
Key Takeaways:
- Learn how your subconscious money beliefs are shaping your financial reality.
- Discover how to turn money tension into meaningful conversations.
- Use simple tools to create a spending plan that matches both your values.
View Elana’s website, Oak Financial Coaching, by clicking here. You can also ask for the “Money Script Questionnaire” by emailing her at elana@feinsmith.com.
Want a fun and meaningful way to spark money conversations with your partner? Get your own set of FinancialDate™ Discussion Cards at financialdate.com.
Got U.S. brokerage or IRA accounts and heirs in Israel? Then you’re juggling more than just numbers—you’re navigating cross-border taxes, family dynamics, and future expectations. This episode unpacks how to turn your inheritance plan from a source of stress into a lasting legacy filled with clarity, connection, and purpose.
Learn why silence is the real enemy of estate planning, how to start meaningful money conversations with your kids (without the awkwardness), and what simple moves can save your heirs years of confusion. It’s not just about who gets what—it’s about passing on your values with your wealth.
Key takeaways:
Having open conversations now can prevent heartache later Timing your gifts can sometimes make a bigger impact than waiting A clear plan and a few shared stories can keep your legacy—and your family—intact
Want to make sure your U.S. accounts don’t create chaos for your heirs in Israel? Check out International Inheritance Headaches—and How to Avoid Them. It’s packed with tips and strategies to help you pass on your wealth smoothly and meaningfully.
Think your U.S. brokerage account is safe? Not so fast. If you’re living in Israel and still holding accounts in the States, you might be one surprise letter away from a frozen account, a forced closure, or a tax mess you never saw coming. From estate planning nightmares to missed required minimum distributions (RMDs), the cross-border financial world is full of traps for the unprepared. But here’s the good news: with the right plan and a little foresight, you can keep your accounts running smoothly—and legally—without losing sleep.
This episode pulls back the curtain on the real risks facing Americans in Israel with U.S. accounts and lays out what smart investors are doing to stay one step ahead. Because when it comes to your money, flying blind just isn’t an option.
Key takeaways:
- Account closures can happen suddenly if your U.S. broker no longer serves clients abroad
- Cross-border couples face added challenges when estate plans don’t match international rules
- Delayed RMDs due to account restrictions can cost you thousands in penalties
Not sure if your accounts are still working for you? Get clarity with a free Cross-Border Financial Evaluation. Visit www.profile-financial.com/call to schedule yours today. Let’s see if and how we can help.
A health crisis can turn your world upside down—and if your finances aren’t in order, the stress multiplies fast. For Americans living in Israel with U.S. brokerage and IRA accounts, one unexpected illness can mean frozen accounts, legal roadblocks, and major money headaches. But here’s the good news: with a few simple steps, you can stay in control, protect your assets, and make sure your family isn’t left scrambling.
From power of attorney documents to emergency funds, this episode dives into the must-haves that every cross-border family should check off before a crisis hits. If you’re making Aliya, already living in Israel, or supporting family across borders, this could be one of the most important financial check-ins you do all year.
Key Takeaways:
Emergency funds aren’t just good advice—they’re your financial lifeline Granting account access ahead of time prevents major issues later Your estate documents aren’t set-it-and-forget-it. Review them regularly
Want a deeper look at how to protect your finances during a medical emergency? Read Health Crisis: A Brief Financial Guide for Olim and get the steps you can take today to safeguard your money, your access, and your peace of mind.
Retirement income planning doesn’t have to feel like walking a financial tightrope. If you’re living in Israel with your investments still in the U.S., you already know the game is more complicated—exchange rates, taxes, IRAs, RMDs… it’s enough to make your head spin. But here’s the real problem: too many retirees end up guessing instead of planning. They hesitate, hold back, and miss out on the life they actually saved for.
This episode is all about cutting through the noise. No more flying blind. No more financial second-guessing. Just clear strategies to help you simplify, automate, and finally feel good about spending your money. Because retirement shouldn’t be one long stress-fest—it should be the part where you get to enjoy the ride.
Key Takeaways:
- Discover why guesswork is the biggest threat to your retirement lifestyle
- Learn how to turn your savings into a reliable, stress-free income stream
- Break free from the fear of overspending and start enjoying what you’ve built
Want to feel confident about your retirement finances? Schedule a free Cross-Border Financial Evaluation and get personal clarity on your U.S. accounts, Israeli life, and how it all fits together.
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
Money clashes, mismatched spending styles, and prenup pressure—when couples don’t talk about finances, things can get messy fast. This episode tackles one of the most overlooked (and awkward!) relationship issues: how to talk about money without ruining the romance. Whether you're dating, getting married for the second time, or trying to merge financial lives, skipping these conversations can cost more than just cash.
Special guest Aleeza Ben Shalom—Netflix star of Jewish Matchmaking, relationship coach, and host of the Matchmaker, Matchmaker podcast—joins us to unpack what financial intimacy really means. She shares real-world insights from hundreds of couples, including why generosity reveals more about people than their cash flow, how to start the money conversation without triggering alarm bells, and why love alone isn’t a financial plan.
Key takeaways:
- Talking about money early helps couples avoid future conflict and build true financial intimacy
- Generosity, risk tolerance, and money habits say more about a person than a dating profile ever could
- Second marriages and blended families need proactive planning to protect assets and preserve trust
Want help starting the conversation? Sign up at www.financialdate.com to get your deck of Financial Date conversation cards—perfect for sparking meaningful money talks with your partner.
For more information on Aleeza Ben Shalom visit her website at marriagemindedmentor.com.
American investment accounts, you could be paying too much (or filing too late) without even realizing it. This episode breaks down how to avoid double taxation, decode the infamous “first bite” rule, and finally get your Israeli and American accountants on the same page without losing your mind.
Douglas Goldstein, CFP® teams up with Aryeh Holtz, CPA from Simple Tax, who explains what to file, when to file, and how to avoid the common traps that trip up even the most organized investors.
Key takeaways:
- Know which country gets to tax you first. It’s not as simple as it sounds.
- Don’t start with the wrong accountant or you’ll end up doing it twice.
- Tech tools can help, but real human review keeps your return airtight.
- Get your tax docs in early so you’re not filing in a frenzy.
Dive deeper: Learn more about Simple Tax or get in touch at www.simpletax.co.il or message them directly via WhatsApp through the site.
Understanding your financial goals isn't just about numbers. It's about digging into what really matters to you. This episode features special guest Mishy Harman, host of the popular Israel Story podcast, who shares how powerful storytelling can spark better conversations about money. Whether you're chatting with your spouse, your advisor, or just thinking things through on your own, learning to pause, listen, and reflect can completely change how you handle your finances.
Get ready for a fun and eye-opening take on how silence, patience, and a good question or two might be the most valuable financial tools you've been missing.
Key Takeaways:
- Listening more and talking less can help you make smarter money choices
- Your story shapes your financial goals, so don't leave it out
- Couples who understand each other’s money mindset make better decisions together
Ready to talk about your story and your money? Schedule your free Cross-Border Financial Evaluation at profile-financial.com/call.
Buying Real Estate in Israel Without Losing Your Mind (or Your Money) Buying a home in Israel isn’t just about bricks and mortar. For many people, it’s tied to big dreams like starting fresh in a new country or creating a stronger connection to the land of Israel. But navigating the Israeli real estate market? That part can be overwhelming.
Doug Goldstein teams up with Debbie Goldfischer, Founder and CEO of Buyitinisrael.com and host of the popular podcast On The House, to break it all down. She knows the ins and outs of buying property here and shared insights that every English-speaking buyer should hear before diving in. Whether someone is planning Aliya, investing from abroad, or searching for a permanent place to land, these are the things that matter most.
A picture-perfect apartment... or a walk-through reality?
Buying off-plan is tempting. The designs look sleek, the buildings are modern, and the perks can sound amazing. But what someone sees in a brochure doesn’t always match reality. With second-hand homes, it's a different story. A buyer can walk in, check the lighting, meet a neighbor, and feel the space in real time. That kind of clarity is hard to beat.
Off-plan deals come with variables that might surprise first-time buyers. Construction delays happen. Prices can shift due to rising material costs, which in Israel are tracked by the construction index. It's not just theory. It can directly affect the price tag. The good news? Some developers cap this cost or remove it altogether. It's worth asking.
Playing the long game
If someone isn't planning to move right away, buying off-plan might make a lot of sense. Developers usually offer payment plans in stages, making it easier on the wallet. Plus, early buyers often get to choose layouts, finishes, and upgrades, which can be both fun and practical.
New homes also meet today’s building standards. Think energy efficiency, stronger safety features, and built-in shelters. Over time, those benefits add up. Still, second-hand homes have one big edge, they’re in neighborhoods that are already up and running. Schools, grocery stores, synagogues, and public transportation are all in place. That convenience matters, especially for families.
To rent or to buy?
Many people wonder if they should just rent. Debbie had strong thoughts here. Renting in Israel can work, but the market is still catching up. Tenant protections are weaker than in other countries, and year-to-year leases don’t offer much stability.
Renting short-term can be smart for someone still figuring out where to live. But Debbie's advice was clear. Don’t rent in a neighborhood that you wouldn’t be able to buy in. Otherwise, you might get attached to a place you can’t afford later on. Some buyers choose to own a property in a different neighborhood as a way to build equity, even if the family is not living there yet. That way, they’re at least on the property ladder.
Note: This is for educational purposes only and does not provide financial, legal, or tax advice. Please speak with a qualified professional about your specific situation.
If you’re thinking of using your U.S. investment account to fund an Israeli property purchase, make sure you speak with a licensed financial professional. Schedule your free Cross-Border Financial Evaluation now at www.profile-financial.com/callto see how we can help provide tailored advice to your U.S. accounts and Israeli goals.
Wills that don’t work. Trusts that get tangled. Heirs scrambling to figure out who gets what—and when. If you’ve got U.S. investments but live in Israel, your estate plan might be headed for a legal mess without even realizing it. This episode unpacks the real-world problems that come up when your legal documents aren’t built for cross-border life—and how you can avoid costly, confusing mistakes by getting your financial and legal teams to actually talk to each other.
You’ll learn how to set up your plan so your heirs don’t need a PhD in international law to carry out your wishes—and why a little proactive planning now can save everyone a lot of headaches later.
Key takeaways and action points:
- Don’t assume your U.S. will works in Israel (or vice versa)—get it reviewed
- Loop your financial advisor in before you finalize estate documents
- Leave your heirs a roadmap, not a scavenger hunt Work with pros who understand both sides of the ocean
👉 Want help reviewing your estate and investment setup? Book a free Cross-Border Financial Evaluation at www.profile-financial.com/call
Disclaimer: This article is meant for educational purposes only. It’s not financial, legal, or tax advice. For personalized help, speak with a qualified professional.
Feeling financially stuck between two countries? If your accounts are split between the U.S. and Israel, even simple money decisions, like when to convert currency or which account to use, can start to feel risky. It’s not about being bad with money. It’s about not having a system that fits your life. This episode explores the hidden stress that comes from managing cross-border finances and offers practical ways to reduce the pressure.
Learn how to create clarity around your income and expenses, set a regular financial rhythm to avoid decision fatigue, and build resilience for when things go wrong. With the right structure, your finances can stop feeling like a juggling act and start giving you peace of mind.
Key Takeaways:
- Clarity: Know what your money is doing and why
- Rhythm: Create a regular habit to review and adjust your finances
- Resilience: Build a system that can handle financial surprises
Want to stop second-guessing every financial decision? Schedule your free Cross-Border Financial Evaluation. A short, no-pressure call to help you see where things stand and what you can do next.
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
Are You Betting Your Future on “If”?
If you’re living in Israel and managing U.S. brokerage or IRA accounts, here’s a tough question: are you confident in your investment plan or just crossing your fingers and hoping the market doesn’t drop?
Managing money across two countries isn’t just about tax forms and exchange rates (though yes, there’s plenty of that). It’s about making sure your plan can actually handle the curveballs life and the market throw your way. Too often, investors assume they’re doing just fine… until they’re not.
Most of us check our account balances more than we check our strategy. But here’s the problem: a big balance doesn’t always mean you’re winning. It might just mean you got lucky. And luck isn’t a financial plan.
Don’t Rely on “If” to Retire
“If the market gives me 10% this year…” “If the dollar stays strong…” “If nothing goes wrong…”
Sound familiar? Building your future on a bunch of “ifs” is like planning a beach wedding without checking the weather. You need more than sunshine and good vibes... you need backup.
The fix? Start with what you control. One of the biggest levers you have is your savings rate. Even bumping it up by 2–3% can shift your entire financial trajectory. No trends, no gimmicks, just solid planning that works over time.
When One Stock Takes Over the Show
That one stock that’s been doing great? It might feel like your golden goose… until it’s not. Letting a single investment grow too large can quietly hijack your whole portfolio. You wouldn’t bet your entire retirement on a startup, right? But that’s what happens when one holding becomes 40 or 50% of your account.
Diversification isn’t boring; it’s smart. Think of your portfolio like a good Israeli salad: a little of this, a little of that, and nothing overwhelms the plate. That’s how you stay balanced.
Feel Brave About Risk? Let’s Double-Check
Risk tolerance is how you feel when the market drops. Risk capacity is whether your plan can survive it. You might not panic when things fall… but will your retirement stay on track? Will you still be able to help your kids? Support the causes you care about?
It’s not about being scared. It’s about being prepared.
And when you’re living in Israel with U.S. accounts, there’s even more to think about... currency swings, double taxation, weird form deadlines. Getting your structure right can make all the difference.
Note: This article is for educational purposes only and does not constitute financial, legal, or tax advice. Always consult with a qualified professional to review your personal situation.
Ready to make sure your portfolio is actually working for you—and not the other way around? Book your free Cross-Border Financial Evaluationand get a clear, practical plan that fits your life in Israel and your money in the U.S. No pressure; just smart conversation.
Tax rules shouldn't hold you back from building a life abroad, but for many Americans living overseas, that's exactly what happens. Marylouise Serrato of American Citizens Abroad (ACA) unpacks the real struggles expats face, from filing U.S. tax returns while living abroad to dealing with confusing rules around foreign investments. Sound overwhelming? Well change might finally be on the way.
From the fight to end worldwide taxation to surprising pitfalls like PFICs and foreign pension plans, this episode sheds light on what’s broken and what’s being done to fix it. If you’re juggling Israeli life with American tax rules, this one’s a must-listen.
Key Takeaways:
- Citizenship-based taxation is outdated and creates financial headaches for Americans abroad.
- Investing outside the U.S. can trigger unexpected tax problems if you're not careful.
- A push for residence-based taxation could bring long-overdue relief for expats.
Want clarity on your personal situation? Book your free Cross-Border Financial Evaluation today!
Disclaimer: This article is meant for educational purposes only. It’s not financial, legal, or tax advice. For personalized help, speak with a qualified professional.
Need cash fast in retirement? Don't get stuck selling stocks at the worst time or scrambling with currency conversions. If your money’s locked away in long-term accounts, it might look good on paper—but won’t help much when life throws you a curveball. This episode dives into the surprisingly overlooked topic of liquidity—what it is, why it matters, and how to make sure your money is actually there when you need it.
Whether you're living in Israel, spending in shekels, or managing U.S. accounts from afar, you'll learn how to build a flexible, stress-free financial setup that gives you options—not headaches. Say goodbye to panic-selling and hello to peace of mind.
Key takeaways and action points:
Liquidity = freedom. Without it, you're stuck. Avoid costly mistakes by keeping cash ready for surprises. Split your emergency funds between shekels and dollars. Top off your cash reserves when the markets are strong.
Want to go deeper? Check out Doug’s article on how to avoid liquidity traps in retirement, especially if you're managing U.S. and Israeli accounts: Asset-Rich, Cash-Poor
Disclaimer: This article is meant for educational purposes only. It’s not financial, legal, or tax advice. For personalized help, speak with a qualified professional.
There’s over $15 trillion sitting in IRA accounts in the U.S.—are you making the most of yours? If you’re living in Israel and still have retirement savings in the States, understanding how IRAs work could mean the difference between a secure future and missed opportunities. This episode makes sense of the rules (without the jargon), shows you how to avoid unnecessary taxes and penalties, and gives you the tools to take full control of your financial future—right from your laptop in Tel Aviv, Jerusalem, or wherever you call home.
No more guessing what a traditional IRA actually does or when to take money out. If you’ve got U.S. retirement accounts and a life in Israel, this is your quick-start guide to smarter investing.
Key takeaways and action points:
- Discover how tax-deferred growth can supercharge your retirement savings
- Find out when and how you can access your money without triggering penalties
- Learn how RMDs work and when the IRS really starts paying attention
If you need help managing your U.S. IRA from Israel and want to make the most of it, schedule a free Cross-Border Financial Evaluation by clicking here
Why Saving Money Feels Hard (And How to Make It Easy)
Ever check your bank balance and think, Wait—where did all my money go?! One minute, payday hits, and the next, your hard-earned cash has vanished—eaten up by bills, surprise expenses, and everyday spending. It’s like your money is playing hide and seek… and winning.
But here’s the good news: saving money doesn’t have to feel impossible. You don’t need to overhaul your lifestyle, live on instant noodles, or give up everything fun. A few smart tweaks can turn saving from a dreaded chore into something effortless—maybe even a little exciting. Let’s break it down.
Why an Emergency Fund is a Game-Changer
Life has a knack for throwing expensive surprises your way—your car breaks down, a medical bill pops up, or your fridge decides to call it quits. Without a financial cushion, these moments can turn into full-blown crises, leaving you scrambling for a solution.
That’s where an emergency fund comes in. Think of it as a financial safety net. Instead of reaching for a credit card, borrowing money, or selling investments at the worst possible time, you can handle unexpected expenses stress-free. No panic, no debt—just peace of mind.
How Much Should You Save?
Think of your emergency fund like a financial airbag—you hope you never need it, but you’ll be glad it’s there. Here’s a good rule of thumb:
- Steady paycheck? Aim for at least three months’ worth of expenses.
- Self-employed or income varies? Six months is a safer bet.
- Retired? Keeping up to a year’s worth of expenses in cash can help you avoid selling investments during a market downturn.
And don’t stress about saving it all at once. Start small, set aside what you can each month, and watch it grow.
Where to Keep Your Emergency Fund
Not under your mattress, that’s for sure. And not in a checking account earning zero percent interest, either. The goal is to keep it safe, accessible, and ideally, earning a little something.
If your expenses are in dollars, a U.S. money market fund could be a great option. Some are even insured, similar to FDIC-backed bank accounts. Unlike a regular checking account, which earns almost nothing, money market funds often provide a variable return, so be sure to check with a financial professional to understand the risks and details.
If you need shekels, Israeli banks may not offer great interest on regular accounts, but some allow you to lock your money for short periods (daily, weekly, or monthly) to earn a little extra. Even a small return is better than letting your money sit idle.
Beyond the Emergency Fund: Making Your Money Work for You
An emergency fund is your financial safety net, but long-term security requires more than just stashing away cash. At some point, you’ll want to stop working—or at least have the option to stop.
Many people assume that between Social Security (U.S.), Bituach Leumi (Israel), and their pension, they’ll be fine. But the reality? Those sources often fall short. To maintain your lifestyle in retirement, you need investments that grow over time.
Building an Investment Portfolio
Investing can feel intimidating, but it doesn’t have to be complicated. A broad, diversified portfolio—such as an index fund tracking the S&P 500—can be a straightforward way to grow wealth over time. Others prefer a mix of stocks, bonds, or managed portfolios tailored to their goals and risk tolerance.
The key is consistency. Even small contributions, made regularly, can grow significantly over time. And while markets fluctuate, history suggests that long-term investors tend to fare better than those who sit on the sidelines.
Important note: Investing involves risk, and past performance does not guarantee future results. Always consult a licensed financial advisor to determine what strategy makes sense for your situation.
Plugging the Financial Leaks: Where is Your Money Going?
You might think you have your spending under control, but when you actually track where your money is going, the results can be surprising. Many people waste thousands each year without realizing it—on subscriptions they don’t use, high-fee services, and impulse spending.
A quick self-check:
- Are you paying for things you don’t actually use (streaming services, gym memberships, premium banking fees)?
- Do you regularly eat out or order takeout but can’t seem to save for bigger goals?
- Are you overspending on insurance or other recurring expenses without shopping around for better rates?
You don’t have to cut everything fun out of your life—you just need to be intentional about where your money goes. A simple spending review can help you redirect money from waste to wealth-building.
The Secret to Saving More Without Thinking About It
One of the easiest ways to build wealth? Automate your savings.
Set up an automatic transfer so that every month, a portion of your paycheck goes straight into savings before you have a chance to spend it. You can do this with your emergency fund, investment accounts, or even a retirement account.
The less you have to think about saving, the more likely you are to actually do it. Over time, those small amounts add up in a big way.
Small Changes, Big Impact
Financial security isn’t about being rich—it’s about being prepared. An emergency fund gives you the freedom to handle life’s unexpected expenses without stress, turning financial shocks into minor inconveniences.
Investing wisely allows your money to grow over time, so you’re not just stashing cash but actually building long-term wealth. At the same time, cutting out unnecessary expenses doesn’t mean giving up what you love—it means making sure your money is working toward what truly matters.
The easiest way to stay on track? Automate your savings. When saving happens in the background, it becomes effortless—and over time, those small, consistent contributions can add up to real financial security.
If you want to make sure your U.S. brokerage and IRA accounts are positioned to support your financial future, schedule a free Cross-Border Financial Evaluation today and get a clear, customized plan for managing your investments while living in Israel. www.profile-financial.com/call
Aliya is an adventure, and your finances should be ready for the ride! But too many new olim arrive in Israel only to find their U.S. brokerage and IRA accounts limited or even shut down. The key is preparation—making sure your money stays accessible, your investments remain on track, and your financial future is secure.
Learn what steps you need to take before and after the move, how to keep your accounts running smoothly, and why working with a cross-border financial expert can make all the difference.
Key Takeaways:
- Avoid U.S. brokerage account closures by working with an advisor who understands cross-border finance
- Keep an emergency fund ready so unexpected expenses don’t derail your aliya experience
- Adjust your investment strategy to match your new life abroad—because your financial goals just got a whole new landscape!
If you’ve just made the move or are ready to, let’s talk! Sign up for a free Cross-Border Financial Evaluation.
Talking about money with your spouse can feel about as fun as a trip to the dentist—but what if it didn’t have to be that way? Financial intimacy isn’t just about budgets and spreadsheets; it’s about strengthening your relationship by building trust, aligning your goals, and working together as a team.
Learn how to set up “financial date nights,” avoid money fights, and align your finances with what really matters to both of you. This episode is packed with practical, easy-to-use tips to make managing money together way less stressful.
Key Takeaways:
- Money talks = relationship builders. The more you communicate, the stronger your trust.
- Ditch the stress. A regular “financial date night” keeps money conversations casual and productive.
- Align your money with your values. When finances reflect what matters most, decisions get easier.
Want to make your next financial date effortless (and maybe even fun)? Check out FinancialDate.com
Thinking about buying property in Israel? Brace yourself—getting a mortgage here isn’t like walking into your local U.S. bank. Israeli lenders care more about cash flow than net worth, appraisals often come in lower than expected, and pulling equity out later in the form of a HELOC (Home Equity Line Of Credit) might cost you more than you think. The good news? With the right strategy—like getting pre-approved and structuring your assets smartly—you can avoid costly mistakes and secure the best financing for your dream home.
To help break it all down, we’re joined by Aaron Krasner, Owner and Senior Mortgage Broker at Anglo Mortgages, who shares expert insights on navigating the Israeli mortgage process and avoiding common pitfalls. Don’t let bank rules or confusing fine print hold you back—get ahead of the game and take control of your mortgage process!
Key Takeaways:
- Your $5 million portfolio won’t impress Israeli banks—they want to see steady income, not just net worth.
- That 75% loan-to-value promise? Not so fast. The bank lends based on the lower of your purchase price or their appraisal.
- Pre-approval is your best friend. Get it early to avoid last-minute surprises and make your mortgage process smooth.
🔗 Want more expert insights on cross-border finances? Check out Doug’s blog by clicking here.
Ready to take your investment game to the next level? Discover the secret weapon of smart investors: economic moats! These unique business advantages can help companies crush their competition and keep their profits strong—no matter the market conditions. Whether you're managing U.S. investments from abroad or just looking to build a portfolio you can feel confident about, this episode has the insights you need to spot the winners and dodge the duds.
Key Takeaways:
Learn what makes an economic moat and how it protects a company’s edge Uncover simple ways to identify businesses built to thrive long-term Get actionable strategies to diversify your investments and stay ahead of the curve
Want more tips to supercharge your portfolio? Check out the Doug’s blog at profile-financial.com/blog
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
Think you can outsmart the stock market? Think again! Investors who chase market highs and lows often lose out on long-term gains. This episode reveals why emotional decisions and frequent trading are draining your wealth, and how a simple, steady approach can help you build a strong, diversified portfolio. You’ll learn why staying invested matters, how compounding grows your wealth over time, and the hidden trading costs that can quietly sabotage your success. Stop second-guessing yourself every time the market shifts—investing doesn’t have to be complicated. Ready to get serious about smart investing strategies? Let’s dive in.
Key Takeaways:
Timing the market rarely works and often leads to missing out on the best days for returns Frequent trading can rack up hidden costs and higher taxes, hurting your portfolio Compounding is your most powerful ally—let it work its magic by staying invested
🔗 Learn more about building a smart investment strategy at profile-financial.com/blog.
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
Opportunities to build significant wealth don’t knock every day. The key is being prepared when they do. These rare, game-changing events—often called "tail events"—can transform your financial future if you position yourself correctly. This episode unpacks how to spot these opportunities, why diversification is essential to mitigate risk, and how patience and automation can keep you consistent and resilient when markets get rough. Learn how successful investors prepare for the unexpected and discover strategies to take control of your financial destiny. You'll also hear tips on building flexibility in your portfolio, maintaining an "opportunity fund," and experimenting with new strategies that can open doors to wealth without risking it all.
Key Takeaways:
- Tail events are rare but powerful moments that can drive long-term financial growth
- Diversification spreads your risk and increases your chances of benefiting from future opportunities
- Patience and automation can reduce emotional investing mistakes and improve consistency
Read additional insights on Doug’s blog and discover how to prepare for rare opportunities! Click here.
Did you know your U.S. IRA could still provide major tax advantages even after making Aliya? In this episode, special guest Yaacov Jacob, an expert accountant with extensive experience helping cross-border clients, joins the show to reveal essential strategies for Americans living in Israel. Together, we unpack the differences between traditional and Roth IRAs, explore how Israeli and U.S. tax systems interact, and discuss how to avoid costly pitfalls like double taxation. Whether you've been in Israel for 10 months or 10 years, there's plenty to learn about optimizing your retirement accounts.
Key Takeaways:
- Traditional and Roth IRAs have different tax benefits—learn which one works best for Americans in Israel
- Israeli and U.S. tax laws interact in ways that can either hurt or help your retirement savings
- Converting a traditional IRA to a Roth IRA might reduce future tax burdens but requires careful planning
Want more insights? Check out the full breakdown of cross-border retirement planning by clicking here.
Are your investments suffering from information overload? If financial headlines make you feel like you’re riding a rollercoaster blindfolded, you’re not alone. This episode dives into the sneaky biases that derail your decisions—like recency bias and emotional investing—and shows you how to fight back. From crafting a solid investment plan to tuning out the noise, you’ll learn how to cut through confusion and stay laser-focused on your goals. Ready to stop reacting and start thriving with your investments? Let’s go!
Key Takeaways:
- Unmask the biases messing with your money moves (and how to outsmart them)
- Discover how to avoid falling for hype and manage market noise like a pro
- Learn why trusted advice can turn chaos into clarity for cross-border investors
For even more tools to keep your finances on track, check out Doug’s blog at profile-financial.com/blog
Unlock the secrets to growing your wealth while living abroad! Managing U.S. investments from Israel comes with unique challenges, but with the right strategies, you can maximize your portfolio, cut down on taxes, and even help others in a tax-smart way. In this episode, we dive into powerful ways to take control of your finances, reduce risk with smart diversification, and turn your investment wins into impactful charitable contributions.
Discover how to make your money work harder for you—whether you're optimizing cross-border portfolios or aligning your financial goals with your generosity. Packed with actionable tips, this episode will leave you feeling inspired and ready to take charge of your financial future!
Key Takeaways:
- Master the art of diversification to safeguard your U.S. investments
- Transform appreciated stocks into tax-saving charitable opportunities
- Navigate cross-border financial planning with confidence and ease
Get inspired and find even more tips by going to https://profile-financial.com/free-resources
Discover how to evaluate your portfolio like a pro, keep your investments balanced, and focus on strategies that truly build wealth.
Are your investments calling the shots in your life? Too often, people fall head over heels for a single stock, forgetting the golden rules of smart investing. This episode dives into how emotional attachment can derail your financial plans and why it’s so important to take a step back and see the big picture. Get ready to take control and invest with confidence!
Key Takeaways:
- Falling in love with a stock can cloud your judgment—keep it business!
- Diversification is your safety net for navigating the ups and downs of the market.
- Thoughtful, informed decisions are the key to staying on track with your financial goals.
Ready to level up your investing game? Check out Doug’s website for more tips and tools!
Required Minimum Distributions (RMDs) don’t have to be a headache! Think of it like this: it’s your money graduating from retirement savings school and finally heading out into the world. In this episode, we break down what RMDs really mean for your IRA, how to dodge those nasty penalties, and how to use these withdrawals to your advantage. Whether you’re managing your own account or handling an inherited IRA, we’ve got you covered with the need-to-know info to keep Uncle Sam happy and your finances in check.
Key Takeaways:
Understand RMDs without the IRS jargon—simple, clear, and doable. Avoid penalties (because who wants to give the IRS an extra 25%?). Get the scoop on inherited IRAs and the rules that could save your family thousands.
For more exclusive insights and tips, visit Doug’s blog by going to https://profile-financial.com/blog
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
Ready to stop sweating every market wobble and start investing like a pro? This episode on asset allocation has the answers you’ve been Googling at 2 a.m. Discover how to build a portfolio that’s as calm under pressure as your favorite Zen master, learn why diversification is the financial equivalent of not putting all your eggs in one basket (because who wants scrambled retirement plans?), and find out how a little liquidity can be your secret weapon when life throws a curveball. Whether you’re mapping out retirement, growing your wealth, or just trying to adult responsibly, this episode serves up the tips you need—with a side of financial confidence. Listen now—you’ll thank yourself later!
Key Takeaways:
- Build a portfolio that fits you—your goals, your risk tolerance, your timeline.
- Spread the love across asset classes for a stable and secure investment mix.
- Stay ahead of the game by reviewing and adjusting your strategy when life or markets change.
Ready to take charge of your investments? If you want more critical information for Americans living in Israel, click here.
Retirement planning doesn’t have to feel like a chore! It can be the key to unlocking your dream lifestyle in the golden years. Dive into the secrets of crafting a retirement strategy that’s not just secure but exciting. From transitioning from saving to spending to creating a steady mix of income streams, learn how to turn your retirement dreams into reality. Whether you’re just getting started or already in the thick of planning, this episode is packed with insights to help you stay ahead.
Take control of your financial future with actionable tips and smart strategies designed to keep you comfortable and confident, no matter what life throws your way. Ready to make your golden years truly shine?
Key Takeaways
- It’s never too late to start saving—every step forward counts.
- A mix of income sources is your secret to long-term stability.
- Smart planning can help you transition seamlessly into spending mode.
💡 Looking to safeguard your legacy and protect your financial future? Join our free exclusive webinar with Mirit Hoffman for expert insights and actionable strategies. Click here to learn more.
Let’s face it—scammers are getting sneakier, and your hard-earned money is their ultimate prize. Don’t let them win! Marketing guru Jay Schwedelson shares eye-opening insights into the clever tactics scammers use to grab your attention and trick you into risky decisions. Learn how to recognize these schemes and take control before they can do any damage. You’ll discover simple, no-nonsense strategies to keep your investments safe and your email inbox squeaky clean. This episode is packed with straight talk, practical advice, and a whole lot of “don’t fall for that!” moments.
Key Takeaways:
- Scammers count on your fear and greed—don’t give them the satisfaction.
- Learn to spot sketchy emails and messages before you even open them.
- Trust is earned—always double-check the source before taking action.
Disclaimer: This article is for educational purposes only and does not constitute financial, legal, or tax advice. Always consult with a qualified professional for personalized guidance.
Looking to safeguard your legacy and protect your financial future? Join our free exclusive webinar with Mirit Hoffman for expert insights and actionable strategies. Click here to learn more.
Are you ready to take control of your cross-border finances like a pro? In this episode, we tackle the challenges expats face with managing investments, handling multiple currencies, and staying ahead of regulatory headaches. Say goodbye to confusion and hello to clarity with tips to protect your wealth and make your money work for you. Whether you're balancing dollars and shekels or safeguarding your accounts, this episode gives you the know-how to dominate your financial game.
Key Takeaways:
- Discover the secrets to thriving financially as an expat.
- Learn how to safeguard your U.S. accounts and stay ahead of regulations.
- Master the art of diversification and currency management.
Unlock more tips and tools at profile-financial.com/blog
Looking to safeguard your legacy and protect your financial future? Join our free exclusive webinar with Mirit Hoffman for expert insights and actionable strategies. Click here to learn more.
Think T.O.D. Accounts Are Simple? Think Again!
T.O.D. accounts might sound like the shortcut to estate planning bliss, but for cross-border families, they can lead straight to chaos. Tax traps, legal tangles, and probate drama are just a few of the surprises waiting for unsuspecting heirs. Don’t let a so-called "simple solution" turn into a family nightmare—learn how to sidestep the pitfalls and build an estate plan that actually works across borders.
Key Takeaways:
- T.O.D. accounts can backfire: Especially when heirs live abroad or assets cross borders.
- Estate plans need regular checkups: Make sure your accounts and documents are airtight.
- Expert help is a game-changer: The right cross-border team can save time, money, and stress.
Ready to make your estate plan foolproof? Schedule a free Cross-Border Financial Evaluation today by clicking here. Let’s see if and how we can help!
Why Even Millionaires Can Feel Cash-Strapped and What to Do About It
Rich on paper but broke in reality? It’s called a liquidity trap, and it’s more common than you think! If your wealth is tied up in real estate or illiquid investments, accessing the cash you need can feel like breaking into a locked safe. Learn how to make your money work for you, avoid the headaches of financial inflexibility, and keep your future secure. Plus, we’ll show you how having the right strategy (and the right cross-border expert😉) can help you stay ahead.
Key Takeaways:
- Keep your wealth within reach—understand your liquidity!
- Balance is key: diversify so you always have options.
- Get tailored cross-border advice to make smarter financial moves.
For additional insights on staying financially flexible and making smart investment choices, check out the article, What Car Seats and Investing Have in Common, by clicking here.
Thinking about renouncing your U.S. citizenship? It’s a decision that comes packed with complex financial and emotional considerations! Eli Clark, an international lawyer with a focus on cross-border estate planning, joins us to unpack the nuances. From untangling complicated banking woes to understanding the infamous exit tax, there's a lot at stake. We dive deep into what it really means to leave behind your U.S. passport—debunking myths and tackling big questions like, "Will I still get my Social Security?" or "What happens to my investments?" Don't make the leap without knowing all the facts (and a few surprises) that could impact your future.
Key Takeaways:
- Renouncing your citizenship can free you from tax headaches, but there are big financial considerations to manage.
- Learn how to dodge hefty estate and exit taxes with the right planning before you make any moves.
- Even if you say goodbye to your passport, the U.S. might still have a claim on your assets. Know what to expect!
Want more insights? Head over to The Goldstein on Gelt Show blog for the full breakdown.
Investing can feel like riding a roller coaster, but the secret to success isn’t in predicting the market—it’s in mastering your emotions. Is your portfolio still working for you, or are fear and excitement driving your decisions? This episode reveals how unchecked emotions can derail even the best financial plans—and what you can do to stay in control. Learn how to align your investments with your true goals, turn losses into opportunities, and create a strategy that works in any market condition.
Key Takeaways:
- Keep emotions from hijacking your strategy – Stay cool, even when markets aren't
- Make sure your portfolio fits YOU – Align investments with your goals, not market trends
- Turn losses into opportunities – Use tax strategies to ease financial pressure
- Partner with a pro for peace of mind – An advisor helps you stay focused and in control
Don’t let stress steal the driver’s seat. Listen to the podcast and read Stress Less: Transform Your Investment Approach Today by clicking here.
Struggling to feel in control of your finances? Sometimes, investments can take unexpected turns, especially if you’re dealing with cross-border accounts or unfamiliar tax rules. This episode dives into how to recognize when your portfolio is steering off course, why you should always trust your gut, and the importance of simplifying your strategy. Learn why risky investments, hidden tax consequences, and pushy advisors can lead to financial headaches—and how to take back the reins. It’s time to stop letting others dictate your financial future and get back to making your money work for you.
Key Takeaways:
- If your investments feel off, they probably are—trust your gut!
- Be cautious of risky investments that don’t align with your financial goals.
- Cross-border investing can come with hidden tax headaches—stay on top of them!
For more tips on taking control of your finances and ensuring clear communication with your advisor, read How to Best Handle Your U.S. Investments from Israel with Clear Communication by clicking here. Learn how to ask the right questions, make informed decisions, and confidently manage your financial future.
Worried about whether your money will last through retirement? You’re not alone, but there’s a powerful tool that could help turn your concerns into confidence: dividend-paying ETFs. These handy investments could pay you regular income—without you having to lift a finger. Imagine setting up a second paycheck just from your portfolio!
Whether you're looking for potential stability during market ups and downs or a possible reliable income stream for your golden years, dividend ETFs might be exactly what your financial plan needs. Plus, with the right strategy, you can make your money work harder for you while keeping risk in check.
Key takeaways:
- Turn your investments into a steady income stream with dividend ETFs.
- Spread out your risk and enjoy more peace of mind through diversification.
- Start small, monitor results, and let your portfolio grow smartly.
Ready to see how dividend ETFs can fit into your strategy? Schedule a free cross-border financial evaluation at https://profile-financial.com/call. We’ll see if we can help you make more income from your investments.
Estate planning may sound like a snooze, but there’s one powerful document you can’t afford to ignore: the enduring power of attorney. In this episode, Doug Goldstein and Mirit Hoffman uncover why this single document is your secret weapon for staying in control of your finances and healthcare, even when life throws unexpected curveballs. Plus, discover how to avoid the headaches of guardianship, and why all cross-border investors need to have their assets covered on both sides of the ocean. Whether you’re managing U.S. or Israeli assets, this episode will show you how to protect your future like a pro.
Key Takeaways:
- Take charge of your future with an enduring power of attorney – it’s a game-changer for protecting your decisions!
- Guardianship? No thanks! Learn how to avoid court-appointed headaches and stay in control.
- Cross-border investor? Make sure your assets are covered both in the U.S. and Israel for total peace of mind.
If you're ready to take control of your financial future, click here to schedule a free Cross-Border Financial Evaluation. We’d love to see how we can help!
Disclaimer: This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your personal situation.
What happens to your U.S. investments when you’re gone? Spoiler: It’s not as simple as your heirs calling dibs! This episode uncovers the hidden complexities of transferring U.S. brokerage and IRA accounts for those living in Israel. From joint accounts with rights of survivorship to individual IRAs, understanding the necessary paperwork—like death certificates and transfer certificates—can prevent a mountain of confusion later. Estate planning isn't just a 'someday' task, it's crucial for making sure your assets end up where you want them, without unnecessary legal headaches.
Key takeaways:
The specific documents needed for a smooth asset transfer of joint accounts and IRAs Beneficiary forms determine IRA account inheritance, not a will Proper estate planning ensures hassle-free management of cross-border assets
For more insights, visit the blog post Understanding Cross-Border Inheritance: Tips for Trust Beneficiaries
Ready to Master Your Finances in Israel? Discover the P4 Approach! 🌍💰
Are you an American living in Israel or planning to move and wondering how to take control of your financial future? This episode is your roadmap to building a personalized financial plan that aligns with your unique goals and circumstances, no matter where life takes you.
Meet the P4 Approach—a proven strategy to help you stay ahead in a complex, cross-border financial world:
- Profile Vision: Get crystal-clear on where you stand financially and set meaningful goals.
- Profile Prism: Adapt swiftly to life's changes and market shifts by adjusting your goals regularly.
- Profile Pathfinder: Develop a custom strategy to reach your financial aspirations.
- Profile Portfolio: Craft and manage an investment portfolio that perfectly aligns with your needs.
Join us as we dive deep into how to handle investments, manage risks, and make smart portfolio adjustments, all while preparing for whatever surprises life might throw your way. You'll gain actionable insights to create a resilient financial plan that not only minimizes unnecessary risks but also empowers you to thrive.
Curious how the P4 Approach can work for you? Head over to Profile Investment Services, Ltd. and schedule your free cross-border evaluation call today. Let’s discuss your unique needs and see how we can help you reach your financial goals!
Navigating major life transitions can be overwhelming, especially when your financial stability is at stake. Whether you're approaching retirement, considering a career change, facing a divorce, or dealing with an inheritance, each of these milestones presents unique challenges that require careful planning and informed decision-making. If you're an American living in Israel with U.S. investments, the complexity of these transitions can feel even more daunting. But with the right strategies in place, you can confidently manage these shifts and protect your financial future.
Retirement: Planning for a Smooth Transition
Retirement is often the most significant financial milestone that people prepare for, yet it can be filled with uncertainty. As you approach retirement, the question of how to sustain your lifestyle without a regular paycheck becomes paramount. It’s not just about saving enough; it’s about knowing how to turn those savings into a steady income stream that will last through your retirement years. One of the key steps in this process is gathering the right information about your entitlements, such as Social Security and pensions, whether from the U.S. or Israel. Understanding how these benefits will support you and where your investments need to fill in the gaps is crucial.
Career Changes: Ensuring Financial Stability
Career transitions, whether planned or unexpected, can significantly impact your financial situation. Having a solid emergency fund is essential, but so is ensuring that your cash flow remains steady during the transition. This might involve careful budgeting, re-evaluating your investment strategy, or even considering a side income while you establish yourself in a new role. The key is to ensure that your finances are resilient enough to withstand the changes, allowing you to pursue your new career without financial stress.
Divorce: Protecting Your Financial Interests
Divorce is another major life event that requires careful financial planning. It's important to approach this transition with a clear understanding of your current expenses and what your financial life will look like post-divorce. Tracking your expenses, gathering documentation, and seeking advice only from qualified professionals are crucial steps in protecting your financial interests. Divorce can be emotionally and financially draining, but with the right preparation, you can navigate this difficult period while safeguarding your financial future.
Inheritance: Managing Cross-Border Assets
Inheriting assets from the U.S. while living in Israel adds a layer of complexity to an already challenging process. If you find yourself in this situation, it's vital to work with professionals who specialize in cross-border inheritances. Understanding the tax implications, gaining control of the assets, and making informed decisions about how to manage the inheritance are all steps that can help you maximize the benefits and minimize the stress associated with receiving an inheritance.
Health Crises: Planning for the Unexpected
Health crises are unpredictable, but you can prepare for them financially by having the right insurance in place. In Israel, the healthcare system provides a solid foundation, but additional insurance can offer peace of mind and financial protection in case of serious illness or long-term care needs. Evaluating your insurance coverage, understanding your potential out-of-pocket expenses, and ensuring you have the necessary financial buffers can help you manage these crises without derailing your financial plans.
Navigating life's major transitions requires more than just financial know-how—it requires a comprehensive strategy that considers your unique situation and long-term goals. Working with a financial advisor who understands the complexities of managing U.S. investments from Israel can provide you with the guidance and support you need to protect your wealth and ensure your financial stability.
Ready to secure your financial future? Contact us today to schedule a free cross-border financial evaluation. We'll help you navigate the complexities of these life transitions and develop a plan tailored to your needs. Schedule a call today!
Disclaimer: This article is for educational purposes only and should not be considered financial, legal, or tax advice. Please consult with a professional advisor to discuss your specific situation.
Understanding how behavioral finance impacts investment decisions is crucial for achieving long-term financial success. This episode dives into the psychological biases that often lead investors astray, such as overconfidence, loss aversion, and herd mentality. By recognizing these patterns, listeners can take control of their financial decisions, avoid common pitfalls, and build a more resilient portfolio. The discussion emphasizes the importance of setting clear goals, maintaining a diversified portfolio, and staying disciplined in the face of market fluctuations.
Key Takeaways:
Recognize and address common behavioral finance biases to improve investment decisions Set clear financial goals and stick to a disciplined investment strategy Diversify your portfolio to manage risk and enhance long-term returns
For show notes and resources mentioned in the show, go to https://goldsteinongelt.com/personal-finance/are-your-emotions-sabotaging-your-investments
The information provided here is intended for educational purposes only and is not to be considered legal, tax, or investment advice. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates.
Managing capital gains taxes is a critical aspect of financial planning, especially for cross-border investors with U.S. brokerage accounts who may be dealing with two (or more) tax jurisdictions. This episode explains the importance of understanding realized and unrealized gains, highlighting how misinterpreting these can lead to unexpected and often costly tax bills. The discussion focuses on the significance of proactively managing your portfolio and using key documents like your 1099 and December statements to ensure accurate tax filings.
By reviewing these documents carefully and working closely with your accountant, you can avoid common pitfalls and optimize your tax strategy. This episode also emphasizes the value of a collaborative approach between you, your financial advisor, and your accountant to minimize your tax liability effectively.
Key Takeaways:
- Understand the difference between realized and unrealized gains to optimize your tax planning.
- Always review both your 1099 and December statements to ensure accurate tax filing.
- Collaborate with your accountant and financial advisor to develop a proactive strategy for minimizing capital gains taxes.
Looking to dive deeper into tax-smart investing? Visit our blog for expert insights and strategies tailored for cross-border investors. Explore more here.
Overcoming money silence and fostering healthy financial dynamics within families are crucial for financial well-being. This episode delves into the challenges many face when it comes to discussing money with loved ones, especially across generations.
Learn how to break the taboo of money silence, establish open financial communication, and create a supportive environment for discussing financial matters with family members. This episode provides actionable advice on starting these conversations, navigating the complexities of family dynamics, and ensuring everyone is on the same page financially.
Key Takeaways:
- Strategies to initiate open and honest financial conversations with family members.
- Understanding the importance of financial transparency and how it can strengthen family bonds.
- Tips for handling intergenerational financial discussions and overcoming common barriers.
For more insights and detailed guidance, contact us here.
Ever wondered why inheriting money can feel like a burden instead of a blessing?
When you receive an inheritance, it's like a bittersweet hug from the past. Dealing with it can be both emotionally and financially challenging. This episode delves into the complexities of inheriting money and explores the psychological barriers that can prevent heirs from accepting their new assets. It offers practical strategies for managing inherited wealth and emphasizes the importance of taking ownership of inherited funds. We’ll address emotional hurdles and provide guidance on creating a financial plan that aligns with your personal goals and values.
Listeners will learn the importance of transforming inherited wealth into a personal financial asset, the impact of language on financial mindset, and the need to actively engage with inherited money. By the end, you'll have the knowledge to turn your inheritance into a powerful financial tool for your future.
Key Takeaways and Action Points:
- Recognize and address the emotional challenges of accepting an inheritance.
- Create a personalized financial plan that reflects your own goals and values.
- Engage with your inherited assets by investing, budgeting, or donating to take full ownership.
Discover more tips for managing your inheritance smoothly by checking out our blog now!
Donating appreciated stock can maximize charitable contributions and minimize tax liabilities. Recent changes in Israeli tax laws make this an ideal time for investors to leverage their appreciated stock holdings. Learn how to identify the best candidates in your portfolio for donation, understand core and satellite positions, and maintain a diversified portfolio.
Enhance your financial planning by avoiding hefty capital gains taxes and obtaining valuable tax credits. Discover expert insights on rebalancing your portfolio, maintaining diversification, and making impactful donations that align with your long-term goals.
Key Takeaways and Action Points:
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Identify Profitable Positions: Review your portfolio to find stocks with significant unrealized gains as potential donation candidates.
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Evaluate Your Strategy: Consider which positions to hold for the long term and which to donate, keeping your overall financial goals in mind.
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Understand Tax Benefits: Learn about the tax advantages of donating appreciated stocks, including avoiding capital gains taxes and securing tax credits in Israel.
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Rebalance Your Portfolio: Optimize your asset allocation without adverse tax consequences.
We do not provide tax advice. Be sure to consult with your own tax advisors before taking any steps discussed here.
Ready to optimize your charitable contributions and maximize your tax savings? Schedule a free Cross-Border Financial Evaluation call today for tailored advice and support. Schedule Your Free Call Now
Discover the Secrets of Estate Planning for Blended Families
Estate planning for blended families presents unique challenges and opportunities to ensure financial security for both spouses and children. In this episode, we delve into the intricacies of crafting a balanced estate plan that meets the needs of all family members. By exploring the use of trusts, wills, and strategic investments, we provide essential guidance on maintaining harmony and fairness while protecting your loved ones’ futures. (Note that we do not provide legal or tax advice, and the show is for educational purposes only.)
Tune in to learn how clear communication, thoughtful planning, and professional advice can help you navigate these complex dynamics.
Key Takeaways and Action Points:
- Set Up a Trust: Discover why establishing a trust can secure your spouse’s financial future and ensure a fair inheritance for your children.
- Communicate Clearly: Learn how open discussions with family members can prevent conflicts and ensure everyone understands the estate plan.
- Consult Professionals: Find out how working with financial advisors and legal experts can help you create a comprehensive and effective estate plan tailored to your blended family’s needs.
Listen now to gain valuable insights and practical solutions to balance love and legacy in your blended family.
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Helping Your Adult Children Financially: Key Strategies
Navigating financial support for adult children requires balancing generosity with responsibility. It is essential to understand their needs and set clear boundaries to ensure that the aid you provide promotes independence rather than dependency. By being fair and transparent with all your children, you can maintain family harmony and encourage financial responsibility.
- Differentiate between help and enablement: Provide structured support with clear expectations and timelines.
- Ensure fairness among siblings: Communicate openly about your reasons for various levels of support.
- Set boundaries: Encourage fiscal responsibility by having limits and setting goals.
- Long-term planning: Prioritize your financial health and consult a professional for personalized advice.
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Discover how risky investment behaviors can jeopardize your financial well-being. Douglas Goldstein shares an eye-opening analogy to highlight the importance of risk assessment and diversification in protecting your portfolio. Learn valuable strategies to avoid common pitfalls and make informed decisions.
Key Takeaways:
- Understand the importance of diversifying your investments.
- Learn how to properly assess risks vs. returns.
- Avoid emotional investing and discover tricks to think logically about your portfolio.
- Regularly review and adjust your portfolio based on life changes.
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Discussing finances can be one of the most challenging aspects of marriage, yet it's essential for building a strong financial foundation. This episode explores effective strategies for how husbands and wives can talk about money without conflict. Learn how to align your financial goals, understand each other’s values, and make joint financial decisions that strengthen your relationship. The conversation delves into common financial issues couples face and offers practical advice for navigating these discussions with ease and understanding.
Key Takeaways:
- Understand the importance of aligning financial goals and values in a marriage.
- Learn strategies for open and effective financial communication between spouses.
- Discover ways to handle financial disagreements and make joint decisionsharmoniously. For more insights and detailed strategies, visit our blog post on the website.
Ready to take control of your financial future? Contact us today to schedule a consultation and start building a stronger, more harmonious financial life together.
Understanding U.S. tax obligations is crucial for expats to avoid severe penalties and maintain compliance with the IRS. Allen Pfeister, a U.S. tax expert, explains the complexities of tax filing requirements for Americans living abroad, emphasizing that citizenship status mandates continuous tax reporting, regardless of residence. Allen discusses the importance of understanding the Foreign Earned Income Exclusion and the Foreign Tax Credit, which can help reduce tax burdens. Additionally, Allen addresses common misconceptions and the critical need for proper reporting of foreign accounts to avoid hefty fines.
Key Takeaways:
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US expats must file tax returns and report income, no matter where they live.
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The Foreign Earned Income Exclusion and Foreign Tax Credit are essential tools for reducing tax liabilities.
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Properly reporting foreign accounts is crucial to avoid significant penalties.
Make sure you have you taxes under control!
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Review your tax filing obligations and ensure updated compliance with U.S. tax laws.
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Utilize available tax benefits like the Foreign Earned Income Exclusion and Foreign Tax Credit.
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Accurately report all foreign financial accounts to stay within legal requirements.
Disclaimer: The information provided in this podcast is for general informational purposes only and should not be considered tax advice. Neither Doug Goldstein, Allen Pfeister, nor any associated parties take responsibility for any actions taken based on the topics discussed. Viewers are encouraged to consult with a qualified tax professional regarding their specific tax situations and to ensure compliance with applicable laws and regulations.
The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and resources mentioned in the show, go to https://goldsteinongelt.com/radio-show
Are you worried about having enough income in retirement? This episode dives into how dividend-paying ETFs can boost your monthly income in retirement. You’ll learn the basics of ETFs, discover how they generate a periodic income stream through dividends, and how to incorporate them into your investment portfolio.
We also explore alternative options like CDs (Certificates of Deposit - insured bank deposits) for those seeking more stability. Plus, if you have US investments and a foreign pension, we cover crucial cross-border financial planning tips. Tune in to find out how to enhance your retirement income and plan your financial future.
A few key takeaways from the show:
- What ETFs are (and how they differ from traditional mutual funds)
- How ETFs generate an income stream
- How to incorporate ETFs into your investment portfolio
- How to build a cross-border investment portfolio strategically
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Fear can paralyze you from making crucial financial decisions. This episode of The Goldstein On Gelt Show offers practical steps to overcome that fear and take control of your investments. Learn how to transform financial anxiety into confidence, set clear financial goals, and take manageable steps towards achieving them.
Some key takeaways:
- Set Clear Financial Goals: Define specific financial objectives to guide your investment decisions. Knowing what you want to achieve helps to create a focused and purposeful strategy.
- Start with Small Steps: Overcome financial fear by taking manageable actions. Begin with simple tasks, like setting aside a small emergency fund or writing down your financial goals, to build momentum and confidence.
- Consult with a Financial Advisor: Work with a professional to gain personalized advice and strategies tailored to your financial situation. Regularly review and adjust your portfolio to stay on track with your evolving goals and market changes.
- Address Emotional Barriers: Recognize and confront the emotional aspects of money management. Understanding how fear impacts your financial decisions can help you take steps to manage it effectively.
Discover how Certificates of Deposit (CDs) can offer stable and predictable investment opportunities, especially valuable for expatriates managing their finances from abroad. In this episode, Douglas Goldstein delves into the advantages of purchasing CDs through U.S. brokerage accounts, focusing on benefits for those living overseas, such as in Israel.
Learn the ins and outs of CDs within U.S. brokerage accounts, including FDIC insurance, diversification strategies to minimize risk, and the strategic advantage of creating a CD ladder to optimize returns over various terms.
Key topics include:
- Simplifying management of diversified CDs through a single brokerage account
- Structuring a CD ladder to capture the best interest rates over time
- Navigating the secondary market for CDs to meet liquidity needs without incurring significant losses
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
As we look towards retirement, the prospect of a long, fulfilling life is both a blessing and a challenge. With life expectancies on the rise, the crucial question we face is not just about living longer but ensuring our retirement funds do the same. This concern, widely known as longevity risk, is becoming a central theme in modern retirement strategies. It beckons us to rethink how we manage our finances, aiming for a balance that sustains us through more years than ever before.
Understanding Longevity Risk
Longevity risk can be likened to planning a long voyage. Just as you would ensure your ship is well-stocked for an extended journey, your retirement plan must be robust enough to support you well into your later years. This means not only saving enough but also investing in ways that provide steady, reliable income no matter how long your retirement lasts. As such, exploring diverse financial products and income streams becomes not just beneficial but essential.
Integrating Healthcare and Lifestyle into Your Financial Map
An often-overlooked aspect of retirement planning is the significant influence of lifestyle and healthcare decisions. Choices about daily activities, healthcare, and social interactions aren't just about enjoying retirement; they're strategic decisions that impact financial needs and outcomes. For example, regular exercise and a healthy diet can decrease the likelihood of severe health issues, which can in turn reduce future medical costs and help your retirement savings stretch further.
Key Strategies to Chart a Confident Course
- Plan for the Long Haul: Recognize the reality that you might outlive your initial retirement savings. Delve into various financial instruments like annuities or dividend-yielding investments that can offer a consistent income stream well into the golden years. 2. Prepare for Healthcare Needs: Understand your insurance options and the potential long-term costs of healthcare. As traditional health insurance may not cover everything, it's wise to consider supplemental plans or long-term care insurance as part of your retirement strategy. 3. Maintain a Healthy and Engaged Lifestyle: An active approach to maintaining your health can be one of the most effective ways to influence your quality of life and financial health in retirement. Activities that keep you engaged—socially, mentally, and physically—can also mitigate healthcare costs and boost overall satisfaction.
In Conclusion
The journey into retirement is complex and requires a thoughtful approach that goes beyond simple savings. By considering how to effectively manage longevity risk, integrate healthcare planning, and maintain an active lifestyle, you can better ensure that your retirement is as rewarding as it is long.
As always, it's important to consult with a professional to tailor these strategies to your personal circumstances. This article is for educational purposes only and is not intended as specific financial, legal, or tax advice.
Ever wondered about the best time to switch from a traditional IRA to a Roth IRA? Or what are the advantages of having a Roth IRA during a market dip? Or how an inherited IRA works if you’re living overseas?
Join host Douglas Goldstein to discover:
🔍 What’s a Roth Conversion? 📉 Learn how a market downturn could be the perfect timing for a strategic Roth conversion, turning losses into potential long-term benefits ✈️ Living Abroad with an IRA? Discover solutions to common issues U.S. expats face with managing their IRAs form abroad 🤔 Inherited an IRA? Learn the do’s and don’ts to avoid common pitfalls that can lead to unnecessary taxes and complications
Don’t miss this informative and engaging episode tailored specifically for U.S. expats living in Israel or considering how to handle their finances effectively
🎧 Listen now on The Goldstein on Gelt Show and make sure your financial planning is as strategic and effective as possible.
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
We all wish that one day we’ll get a call that a distant family member, who lived a long and happy life, left us a large inheritance. What would you do if you inherited a substantial sum unexpectedly? The financial decisions that follow such an event are crucial.
Join Goldstein On Gelt host, Douglas Goldstein, CFP® and discover some considerations for managing newfound wealth in retirement, including the balance between capital growth of the inheritance and preservation, generating a steady income, and reducing risk. Learn some critical steps retirees must take to secure their financial future.
Some key takeaways:
- Assess the needs of your portfolio based on current priorities and risk tolerance.
- Understand how the new wealth can change your portfolio’s balance.
- Seek a financial advisor who tailors a plan to your needs and risk tolerance
Navigating an Inheritance During Retirement: A Practical Guide Picture this: You're comfortably settled into your retirement, your days filled with leisure and newfound hobbies, when out of the blue, you receive an inheritance. It's an unexpected windfall that promises to secure your financial future—if managed wisely. But where do you begin? Let's explore how you can handle this boon with care and confidence.
Step One: Take Stock of Your Financial Landscape Before you let the excitement take over, pause and evaluate your current financial situation. How does this inheritance fit within your existing retirement plan? It’s not just about adding a couple of zeroes to your savings account; it’s about integrating this amount in a way that supports your long-term financial health without overwhelming you. Start by assessing your income needs, your regular expenses, and how long you expect your current funds to last.
Step Two: Align Your Investments With Your Current Needs As a retiree, your financial priorities have likely shifted from growing your wealth to preserving it. It’s crucial to review the inherited assets—whether they’re stocks, bonds, or real estate—and ensure they align with your current lifestyle, which is presumably more focused on stability than risk. For instance, if the inheritance includes high-volatility stocks, consider rebalancing by investing in lower-risk options like bonds or bank deposits that offer steady, predictable returns.
Step Three: Rebalance Towards Income-Generating Investments Transforming part of your investment portfolio into one that generates income can be a strategic move. This might include dividend-paying stocks, real estate investment trusts (REITs), and other assets that provide regular payouts. Such a shift not only offers a steady income stream but also helps preserve the core of your inheritance, allowing you to maintain your lifestyle without depleting the principal amount too hastily. Remember, these are not specific investment recommendations but rather ideas to discuss with a financial professional.
Step Four: Consult With a Financial Advisor Handling an inheritance, especially a significant one, can get complex. It’s wise to seek guidance from a financial advisor who can offer personalized advice suited to your situation. They can help you understand the tax implications of your new assets, suggest appropriate investment strategies, and plan for future needs such as healthcare or family support.
Step Five: Regularly Review Your Investment Portfolio As the market fluctuates and your personal needs change, it's important to keep a close eye on your investments. Regular reviews and adjustments will ensure that your portfolio continues to meet your financial objectives and stays within your comfort zone regarding risk. This proactive approach can help you maximize the benefits of your inheritance.
Step Six: Honor Emotional Connections Inheriting assets from a loved one is not just a financial transaction; it can also be an emotional journey. Acknowledge these feelings and let them guide your decisions about the inheritance. While it might be meaningful to keep certain assets as they are to honor the benefactor, ensure that they align with your financial goals and risk tolerance.
By carefully considering these steps, you can ensure that your unexpected inheritance supports your retirement dreams in a meaningful and sustainable way. It’s all about making your money work effectively for you, in harmony with both your current financial scenario and your aspirations for the future.
Note: This article is for educational purposes only and not to be taken as specific financial, legal, or tax advice. Always consult a professional for guidance tailored to your circumstances.
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Are you married to a non-US citizen? Make sure to protect your wealth! Estate taxes can cost you millions if you don’t plan carefully.
What can you do about it?
Give lots of gifts when you’re alive! Discover how gifting to your spouse and children during your lifetime can help mitigate estate tax burdens.
Learn about the benefits of setting up a QDOT (Qualified Domestic Trust) and how it can defer estate tax, providing an income stream to your non-American spouse. Understand the importance of discussing your estate plan with professionals, and ensuring clarity to avoid potential legal disputes in the future.
The insights shared in this episode could save you millions of dollars in estate tax (of course, that depends how much money you have)!
Remember, The Goldstein On Gelt Show and its host, Douglas Goldstein, are not tax advisors. Consult with your own tax professionals before making any changes.
For more information, visit the show notes at https://goldsteinongelt.com/aliya-israel-and-expat-issues/planning-for-us-estate-tax-when-married-to-non-americans
If you are an American living in another country, it’s important to understand your US pension plan. This guide will help you know how to manage your pension or 401(k) from abroad, whether you are in Israel, Europe, or anywhere else.
Perhaps you worked in the U.S. and saved money in a 403(b), 401(k), or other type of pension plan. Now, you live in a different country and you’re finding it difficult to manage your retirement account. One possible solution is to move your pension plan into an IRA.
Moving your pension plan into an IRA may allow you to control your money better, letting you choose different ways to invest, like in stocks or funds. Moreover, there are practical challenges, too. Sometimes, dealing with pension companies from another country can be hard, and you might not get much help.
Furthermore, it’s tricky when advisors in your new country don’t know much about U.S. pensions. Bad advice can lead to big tax problems and loss of money. You need an expert who knows about U.S. pensions and how to manage them from abroad.
Where should you start?
First, look closely at your pension plan to see if it fits your long-term goals. If not, find a company that deals with handling U.S. IRAs for people living outside the U.S. With the right help, moving your money can go smoothly, and you’ll feel more in control of your investments.
Managing your U.S. pension from abroad needs careful planning and good advice. Stay informed and connected with financial experts who will help you make the best decisions for your money.
Financial planning is always important, but it’s especially crucial when health issues arise. A well-built plan allows you and your family to focus on health and family connections, without worrying about the day-after. How can you make sure you are setting yourself up for a smooth transition of wealth to your family?
Tune in and learn about the nuances of managing shared accounts, the pros and cons of transferring control to family members, and the critical role of clear communication in preserving both wealth and relationships.
Some key insights:
- Learn how to effectively shift financial authority to a trusted individual within the family, balancing legal necessities with personal dynamics.
- Learn about the importance of transparent discussions about financial matters with family members, especially in light of health changes.
- Discover some of the tools available, such as powers of attorney and trusts, that allow your wishes be followed.
- Professional advice from financial and legal advisors is crucial in creating a seamless and effective estate plan that aligns with your long-term goals.
For more information, visit the show notes at https://goldsteinongelt.com/personal-finance/financial-planning-for-illness-and-death
Are You Overlooking the Importance of a Financial Plan?
When was the first time you spoke with a financial planner? Let me tell you about a retired couple who I met who had never spoken to a financial planner before. The couple's lack of understanding about the role of a financial planner and the way their investment portfolio was built, highlighted a common misconception among individuals when it comes to managing their finances.
When sitting down with a Certified Financial Planner™ practitioner (CFP®) who is dedicated to understanding your unique financial situation, and guiding you through the complexities of investing, you are setting yourself up for success.
Building a comprehensive financial plan and working with a professional team (financial planner, accountant, and lawyer) can lead you to financial well-being.
A few points to consider:
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Importance of a Financial Planner: Many individuals often focus solely on their investment portfolios without considering the broader financial picture. A Certified Financial Planner™ practitioner can help guide you through essential aspects of financial planning, including retirement goals, family, expenses, insurance, and health—providing a comprehensive view of your finances.
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Understanding Your Investments: Having a clear understanding of all your investments and their implications on your overall financial situation is crucial for proper financial well-being.
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Partnering with Professionals: Partnering with a financial planner (and other professionals) doesn't mean surrendering control. Instead, it equips you with a supportive team who can handle administrative tasks and provide advice, while you remain in charge of making the final decisions.
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Empowerment and Peace of Mind: When you have a strong financial team in place, it empowers you to focus on the bigger financial picture. It can alleviate concerns about making financial decisions, especially during times of illness or unexpected events, offering you and your family peace of mind.
To learn more about managing your finances and gaining a deeper understanding of the role of a financial planner, tune in to The Goldstein On Gelt Show and explore the valuable insights provided in each episode.
Remember, taking charge of your financial well-being is one of the most important steps you can take for a secure and stress-free future!
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Family pressure can be overwhelming when it comes to finances. Learn how to handle those pressures correctly, allowing you to build a financial portfolio that suits you perfectly. Here are some key points discussed in the show: 1. Understand your investments: If you find yourself investing in products you don’t fully understand, seek advice from a qualified third party, such as a financial planner. 2. Address family pressures: In the face of conflicting advice from family members, it’s crucial to have an unbiased third party on your side. 3. Simplify your investments: Following the KISS principle (Keep It Simple, Stupid), opt for straightforward and understandable investments. 4. Regularly review and consolidate your investments: Consolidating and regularly reviewing your investments can bring clarity and empower you to take charge of your portfolio. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Are you considering investing in real estate? Or perhaps you already have real estate investments in your portfolio? If so, it's crucial to understand the potential risks and challenges that can arise. The following stories of two individuals who encountered unexpected scenarios with their real estate investments provide valuable insights and lessons for anyone navigating the world of real estate.
The first case revolves around a client who initially appeared to be a successful real estate investor. He exuded confidence in his portfolio, claiming lucrative real estate deals and assured cash flow from his properties. However, as time unfolded, the reality did not match his optimistic projections. Unforeseen circumstances such as the impact of external factors, including the COVID-19 pandemic, led to a drastic reduction in the expected income from his real estate investments.
One of the crucial insights gleaned from this story is the significant impact of underestimating risk and overestimating returns. The client's assumptions about the reliability and sustainability of his real estate income proved to be misplaced, resulting in unanticipated financial strain and the need to reevaluate his entire investment strategy.
The second story featured a younger client who had invested $50,000 in a real estate deal in Wisconsin. He initially contemplated withdrawing additional funds from his brokerage portfolio to invest in another promising real estate opportunity. However, after sharing the challenges faced by the first client, he reconsidered his decision. He understood the risk of putting all his eggs in one basket and preferred to stick with a more secure, diversified portfolio.
While real estate can be a valuable component of a well-structured investment portfolio, allocating a significant proportion of one's assets solely to real estate can expose an individual to heightened risks and vulnerabilities. The allure of real estate, with its promises of passive income and appreciation, should be balanced with a comprehensive understanding of the potential downsides and the need for diversification. It's vital to approach real estate investments with prudence, ensuring that they complement a comprehensive investment strategy rather than overshadowing or dominating it.
By building a diversified investment approach and thoroughly understanding the nuances of each area of your portfolio, you can navigate potential challenges while maximizing the opportunities for financial growth and stability.
Consider conducting a comprehensive review of your investment portfolio. Assess the proportion of your assets allocated to real estate investments and evaluate how they harmonize with your overall investment strategy.
If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.
Are you an entrepreneur looking to run a thriving business in Israel? 🇮🇱
Then you don’t want to miss this episode of The Goldstein On Gelt Show with host Douglas Goldstein. In this episode, Doug shares his top 5 tips for business management in Israel that will take your company to the next level.
From the importance of networking and building connections to navigating the complex world of taxes, Doug dives deep into the key strategies every business owner needs to know. Plus, discover:
- The critical Israeli word that can make or break your success
- How to stay connected with your network
- How planning for taxes can save you from financial nightmares
If you’re ready to take your business to new heights, then tune in to The Goldstein On Gelt Show and get ready to be inspired.
Need help opening and maintaining U.S. investment accounts in Israel?
We specialize in helping Americans living in Israel manage their investment accounts, savings, and retirement plans.
How can we help you with your American portfolio?
Call 02-624-2788 (or toll-free from U.S.A. 1-888-327-6179) for your free Cross-Border Financial Evaluation.
Join our email list: https://goldsteinongelt.com/sign-up
If you are like many of my clients, you might not want to take too many risks with investing your money. If you want a “very safe” portfolio, what does this actually look like?
Recently, I spoke with a woman who thought she had a “very safe” portfolio… I was shocked to review her statement and saw she was heavily invested in stocks. Typically, investors who want a “very safe” portfolio should NOT be invested in the stock market, but should choose bank deposits for their money.
The power of your portfolio comes from knowing what is inside your investment portfolio.
"Risk comes from not knowing what you're doing." - Warren Buffet
It is normal for someone’s risk profile to change over time. If this happens to you, when was the last time you mentioned your increased/decreased appetite for risk with your investment advisor?
Listen to learn what steps you should take to ensure your risk profile and investments are properly aligned.
Want to increase the potential profit on your investment portfolio?
What would happen if you could use disproportionate strength to increase your portfolio’s profits? Then you would be using a strategy called “leverage” or “margin.”
In today’s show, Doug, and his son Efraim, talk about the pros and cons of investing using a leveraged strategy. When an investor decides to invest on margin, he is actually borrowing money from his broker in order to have a larger sum of money to invest. That way, if the stock goes up, he makes a larger percentage, and ultimately walks away with a larger sum of money.
If all goes well, an investor can make a lot of money. But, if the market goes down, one can find himself losing more money faster...
Listen to understand why a “long-term investor” needs to understand what a “margin call” is and why this may not be the best strategy for long-term investments. Don’t wake up one day to find out that your brokerage firm sold out your portfolio.
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
People hate talking about debt, disability, death, and divorce. And that’s exactly why we need to have a discussion about these four topics.
In today’s show, Doug and his son, Efraim, discuss these difficult subjects.
Debt
When people acquire a large debt, and then suddenly get a large sum of money (inheritance or a raise), should they invest the money or pay off their debt? Listen to learn why paying off all your “bad” debt may be a better move than investing in the stock market..
Disability
Is disability insurance necessary in today’s post-corona work environment when many folks work remotely from their house? Young people especially need to understand that if they get hurt, not only do they stop providing income to their household, but they are also an ongoing expense.
Divorce
Divorce not only affects the couple’s relationship, but its ripple effects are felt in many areas, including finance. Since divorce isn’t something you wish or plan for, it’s not something you want to have a part of a financial “plan”. Stick through the second half of the show to hear what Doug has to say about it.
Death
While debt, disability, and divorce may be avoidable, death isn’t. Listen to hear Doug’s advice about when you don’t need life insurance and what to do after someone dies. Click here to order Doug’s book on what to do if you receive an inheritance so you your family will have a smooth time dealing with the finances in a tough emotional state.
Want to hear more on this topic? Click here to listen to the show with Jhon Ross “Does Your Financial Plan Account for the Four D’s?”
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
Investing is more than just throwing money in the stock market. If everyone’s goal was to grow their portfolio, then shouldn’t everyone do the same thing?
In this week’s show, Doug and his son Efraim, go through the 6-step checklist that every investor needs to use. Listen to understand why it’s so important to have a goals that match your values and beliefs before you put money in the market.
The 6-Step Checklist to Investing
√ Set goals for you and your family √ Get the facts about all your holdings and where you are saving money and paying money √ Identify upcoming potential financial opportunities and challenges, in order to prepare accordingly √ Create an actual investment plan that is suitable to your tolerance risk level √ Action! Implement your financial plan √ Review and follow up on a regular basis. Some numbers need to be looked at monthly, quarterly, and annually
Need help putting together your financial plan? Don’t hesitate to contact us at profile-financial.com
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
There’s lots of talk about how alternative energy sources are good for the environment, but how does green energy affect the financial markets?
Listen to Doug’s discussion with Arie Addi, the tech lead at Mada Analytics, an Israeli startup, supporting alternative energy solutions using a Machine Learning approach.
Discover how green energy and fossil fuels have a growing influence on financial markets.
If you want to invest in renewable energy, what is the best way? Should you invest in ETFs or individual stocks? Tune in to hear the pros and cons of each. How diversified are individual funds, and what does it mean when a fund is “weighted?”
To learn more about Mada Analytics, visit www.madaanalytics.com
Nearly everyone has heard of stocks and bonds, but sometimes investors feel that they could profit more from alternative investments.
This week Doug chats with Stefan von Imhof, co-founder of Alts.co, about alternative investments.
Stefan believes that alternative investments are a powerful way to grow your money, compared to other investment classes. Learn about active quick flips, passive buy & holds, and cashflow-producing assets.
Listen to the show to learn about investments that are on the opposite end of the spectrum… the more conservative, but not boring, Certificates of Deposit (CDs).
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Doug discusses his recent meeting with someone who received an inheritance. Not only did the guy receive significant funds, but the inheritance included financial disorganization.
The father’s investments were scattered in different companies, private equities, and over 20 physical stock certificates. His investment portfolio was not only big, but a big mess!
Both generations’ disorganization caused the inheritor to lose huge sums of money.
Listen to find out the 5 things you must do to keep track of your investments.
If you’re afraid your own disorganization may be causing you to lose money, click here for an excellent article you can read on the topic.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Listen to this important episode where I discuss the best way for busy investors (like you) to track the markets.
- Focus on five critical points that need your attention:
- Focus on interest rates and inflation
- Review market trends
- Examine your specific investments
- Turn to your advisors
- Review your overall plan
Look at how great investors are managing their money in good and bad market by tuning into this episode. These can be the most important few minutes of your day.
For more information, visit the show notes at https://goldsteinongelt.com/investing-basics-strategies/the-best-way-for-busy-investors-to-track-the-markets
Major American brokerage firms are closing accounts of clients who don’t have U.S. addresses. They are also closing accounts of clients who use American addresses but don’t live stateside.
If you’re like many of the people who’ve recently called my office, you’re probably curious how the firm knew there’s a discrepancy on the account address and where you actually lives? Your IP address (the computer address where you login to access your accounts) may be giving you away. Before bending over backwards to “outsmart” the system, realize that your American brokerage firm wishing you farewell may be a good thing.
What could be good about being forced out?
Listen to the show to
- discover one potential tax problem you could avoid by not using a relative/friend’s American address
- learn the advantages of using a cross-border friendly firm to manage your American investments
For more information, visit the show notes at http://goldsteinongelt.com/use-your-real-address-for-your-u-s-investment-account-when-you-live-overseas
Good communication skills can not only bring a couple closer together, but can also improve their finances!
A conversation is a two-way street. It is OK if you don’t see eye to eye with your spouse. Talk, explain your position to your spouse. And then stop… and listen to what your spouse says.
There are two things which can directly impact your family’s financial success:
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Good communication skills
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A working budget
Listen to this podcast for more specific tips in how good communication skills can improve your finances.
Send me a selfie of you and your spouse listening together!
Good communication skills can not only bring a couple closer together, but can also improve their finances!
A conversation is a two-way street. It is OK if you don’t see eye to eye with your spouse. Talk, explain your position to your spouse. And then stop… and listen to what your spouse says.
There are two things which can directly impact your family’s financial success:
-
Good communication skills
-
A working budget
Listen to this podcast for more specific tips in how good communication skills can improve your finances.
Send me a selfie of you and your spouse listening together!
Even though now isn’t the first time the stock market has fallen by more than 20%, this newest wave of volatility has panicked many investors.
There are two common reactions investors have when the market falls: liquidating portfolios (to prevent further losses) or buying more (to maximize potential gains).
Can you guess which type of call I’ve received more in recent weeks?
While historically stocks have provided greater returns than bonds, there are three times you probably shouldn’t buy stocks:
- You can’t make ends meet
- You have no emergency fund
- You need the money in the short-term
The most important thing in weathering the volatility of the stock market is knowing your risk tolerance and building a well-diversified portfolio (even if it includes low-yield investments) that reflects your risk tolerance and financial goals.
If you need help deciding whether you should sell out your portfolio, hold on, or buy additional stock shares, be in touch. Call 02-624-2788 or email doug@profile-financial.com Together we can try to avoid a financial disaster.
Even though now isn’t the first time the stock market has fallen by more than 20%, this newest wave of volatility has panicked many investors.
There are two common reactions investors have when the market falls: liquidating portfolios (to prevent further losses) or buying more (to maximize potential gains).
Can you guess which type of call I’ve received more in recent weeks?
While historically stocks have provided greater returns than bonds, there are three times you probably shouldn’t buy stocks:
- You can’t make ends meet
- You have no emergency fund
- You need the money in the short-term
The most important thing in weathering the volatility of the stock market is knowing your risk tolerance and building a well-diversified portfolio (even if it includes low-yield investments) that reflects your risk tolerance and financial goals.
If you need help deciding whether you should sell out your portfolio, hold on, or buy additional stock shares, be in touch. Call 02-624-2788 or email doug@profile-financial.com Together we can try to avoid a financial disaster.
Bond funds are dropping, and at the other end of the financial seesaw, interest rates are rising. Listen to this podcast to understand the relationship between interest rates and bonds (and bond funds).
Basically, a bond is a loan you make to a company/government: You lend money and they promise to pay it back to you plus an agreed upon interest rate. However, after buying the bond, life, the economy, and interest rates might change, and these changes often change the value of your bond holdings.
There’s an inverse correlation between bond prices and interest rates. This is because as interest rates increase, the interest you were receiving on an older bond is no longer as attractive as it once was, so if you want to sell the bond/bond fund, you’ll have to accept a lower price in order to find a buyer.
When buying bonds, don’t forget to look at two things: both the price and the total return. Sometimes, even if the bond prices go down, the investment may be a good one for you if you collect enough interest while you hold the position.
As mentioned in the podcast, here’s a link to the article about the differences between bonds and bond funds.
Oh, and my wife really liked the jokes in the beginning of the episode. Let me know if they made you smile.
Just because stocks are tumbling doesn’t necessarily mean that all is lost. Sophisticated investors know how to use a down market to up their portfolio.
Listen to the podcast to learn three ways that you can benefit from a falling market.
1. Pretend you’re a farmer and harvest! Tax loss harvesting means selling stocks at a loss and matching that loss against capital gains to minimize capital gain taxes. No one likes to pay taxes, and no one likes stocks to lose value, but tax loss harvesting manages to lessen the negative blow of two potentially unpleasant situations. While savvy investors often use tax loss harvesting at the end of the fiscal year, you can implement this strategy anytime.
2. Take advantage of the stock sale. What does it mean when the market is oversold? Simply put, it means prices have dropped further than they probably should have. When the markets climb, investors who want to lock in their profits sell their stocks. If too many investors sell at once, the market drops; it is oversold. Turn this to your advantage, and talk to a licensed financial advisor about buying additional shares at the lower price.
3. Keep a large cash reserve. Some investors want every penny of their savings invested, thinking that means their money is working the hardest. However, if you don’t have available cash to buy a bargain (see the point above), you might lose out when a buying opportunity presents itself. Note that a large cash reserve meant for investment is not an emergency fund.
No need to get down about a down market, there are strategies that you can use to your advantage.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
The funny thing about writing a will is you invest time and effort in its creation, and yet you never benefit from it. If you want to make life easier for your heirs, it is an important document to prepare… correctly. While you work with your lawyer to write a will, keep in mind that at the end of the day, it needs to “work.” By “work” I mean that it needs to make sure that distributing your assets to your heirs goes smoothly and it won’t be challenged by a potential inheritor.
I’m not a lawyer, so I can’t advise on the legal issues involved with writing a will. Nonetheless, I have much experience on the practical side of a will, guiding the transferring of assets to the intended.
After working for nearly three decades helping people receive bequeathed assets, I have three suggestions of things to include/not include in preparing a will.
Listen to the podcast to learn these three practical tips, and then download a pdf that you can give to your lawyer explaining why your will should reflect these points.
Wishing everyone a long, healthy, and productive life.
Can money buy happiness?
In this week’s show, Doug and his son, Efraim, discuss spending habits, and if people generally make good choices.
Imagine hearing a financial planner tell you that it’s important to spend the money that you have in order to make you happy. Remember the famous dilemma: should you buy a cup of coffee every day, or should you save those few dollars and invest them so you can buy something bigger in the future? What will make you happier?
People who have more money, aren’t necessarily happier than people who earn less. What should you buy to make you happy? Although having an iPhone is nice to have, what studies have shown is that when you donate money and help others, you feel better and more fulfilled.
Outsourcing, buying time and delegating tasks is another way to use your money wisely. Have you ever considered spending your money to free up your time so you have more time to do what you like to do?
It’s important to remember that money isn’t the main goal, it’s one of many tools that you can use in order to make you happy.
As the Jewish saying goes “Who is rich? The one who is happy with what he has.”
Click here to get Doug’s e-book “The Constant Happiness Gratitude Journal”…it might just make you happier.
Efraim is a business student, former IDF officer, and an entrepreneur, creator of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
Congratulations!! You just had a child! How can you ensure that they will be financially secure throughout their life?
Today, Doug speaks with Efraim, who is preparing to be a young father, about tips and tricks for the best way to financially prepare for a growing family, and how to educate young children about money, so you can best raise financially savvy kids
As parents, we want the best for our kids, but it’s important to remember that a parent isnot obligated to hand over $1M to their children when they grow up. Perhaps the best gift a parent could give their children is to educate them so they will be able to manage on their own. It’s never to young to begin teaching your child about money; even a 5-year-old can understand basic concepts, and as they grow older, they can understand more.
Make sure to listen to Doug’s three tips on what to teach your kids on handling their own money.
Don’t forget to model good financial behavior for your children, and put aside money for their future needs. When saving, it is a good idea to invest in an ETF (Exchange Traded Fund)?
Life insurance is something that is crucial for young parents or a young couple to have when they are planning on having kids, so if heaven forbid something happens, your kids will have something to help them get back on their feet.
Let me know how your children react to your implementing the three tips on handling their own money.
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
Everyone talks about the stock market, so you may ask yourself, “Should I buy stocks?”
Historically, investing in stocks has been a great way to build wealth. But how do you know how much you should pay for a stock? If the price is always changing, how do you know you’re getting a good deal? It all boils down to the main question: Why should someone even buy a stock at 90 or more times earning?
When trying to evaluate a stock, there are many factors to consider. Perhaps the most important point to keep in mind is “what will the future income of the company be?”
This week’s show focuses on how to understand a stock’s earnings. Doug and Efraim present easy to follow example, to help you understand the core issue.
For example, buying a stock for $10 a share when the returns are $1 per year, may seem like a bad investment (because you lose $9) but, in year 11, you (hopefully) will profit $1.
Why are people willing to pay more than what they are getting? Quite simply, it’s because they are optimistic and believe that in the years to come, they will make their initial investment back… and then more.
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
Does the price of a stock really matter? Many people look at the price of a share before deciding whether to buy that particular stock. Should you follow your instinct and consider the price of a stock before deciding whether to buy it or not?
When buying a stock one of the factors that one needs to take into consideration is the PE ratio, the price per-earnings ratio of the company. The PE ratio is the calculation of how much a company earns divided by the price of the company. Listen to today’s episode to learn how to calculate a company’s PE.
Once we understand why people are willing to pay 10, 30, or even 400 times earnings, ask why should someone do that? If I can pay a cheaper price for a similar stock, why should I buy the more expensive one?
The answer is different people look at stocks differently. Beauty is in the eyes of the beholder; what is important to one person may not be as important to someone else. The most important thing to keep in mind is that if the PE ratio is very different, probably the stocks aren’t exactly the same.
When investors are willing to buy stocks at higher PE ratios, it’s often because they believe that the company will increase its earnings, and, once that happens, the initial price of the stock will rise, and they can walk away with a profit.
Let us know if you look at the PE ration before you buy a stock.
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Periods of high inflation are tricky for investors because people don’t know how much their dollars will be worth in the future.
Today, Doug talks about the two main myths about how to invest when inflation is high:
- Buying gold – Some people believe that the price of gold goes up during periods of high inflation. But that’s not always true.
- Buying real estate - Some people think that in times of high inflation it is a good idea to invest in real estate. Doug explains why it is important to be careful that you aren’t buying into a bubble which is reminiscent of the 2008 crash.
Have you considered that being invested in the stock market could be a hedge against inflation? Equities may be a good inflation-fighting strategy since being in the market when inflation is high is “riding the wave” of the money that’s being pumped into the system. But be careful!
Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
If you open an account with Profile Investment Services, Ltd. how does it work and who holds your money?
It takes a team to manage your investments, and getting to know the different players and the positions they play is important. Listen to this podcast to learn exactly who does what, and how your investment account works.
For Profile clients, no matter what their concern, my wonderful team and I are the first point of contact for any investment related concern. Learn how we work with Portfolio Resources Group, Pershing, Envestnet, Corestone checking, Visa cards, SIPC and FINRA in order to give you the most appropriate investments, top-notch money managers, quick access to your funds, transparency and regulatory oversight, and most important of all, trustworthy and personal attention.
Do you look at the news and think that the world is in crisis? How should you invest when things are looking tough around you?
First, it is essential to break down your goals into short-, medium- and long-term investments. It is important to understand that short term investments should be held in a less risky portfolio, and the longer-term goals can be exposed to a riskier portfolio.
A way to use a crisis to your advantage may be by trying to figure out what are the “bigger” costs to the crisis. For example, in the Russia-Ukraine war, perhaps investing in companies that build the airplanes or supply ammunition, or even looking further and investing in companies (or ETFs) that might be involved in building material for the countries that will need to re-build. A creative investor needs to keep their eyes open and look for clever ways to invest.
During times of crisis, investors should keep in mind the size and power of who and what is in crisis. For instance, Russia is a huge country with lots of smart and hard-working citizens. Even if the economy is currently not booming, Russia probably is not disappearing any time soon.
People shouldn’t forget that the world keeps on moving forwards, and as history has shown, one day the world will move on from this war and focus on something else.
Efraim is a first-year business student, former IDF officer, and an entrepreneur, running the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
When should you let go of financial responsibility?
When is it time to delegate some of financial responsibility to your spouse, children, or someone else close?
The specific financial responsibilities to be delegated depend on your specific situation. Often they include, giving someone power of attorney, check writing ability, and/or trading authority. Letting go of financial responsibility is a process.
The free resource When is the Best Time to Let Go of Financial Responsibility was made for every investor who’s thinking about letting go of some financial responsibility.
What financial questions should you ask your lawyer? Legal advisors, tax advisors, and financial advisors have complexly different roles when it comes to your finances. Start asking the right financial questions:
- What should you do with your will?
- What should you have in your will?
- Should you have a will for your assets in Israel and a different will for your assets in the United States?
- Do you need to have a trust?
- What are the tax implications on having a trust?
Each of these questions need to be answered by specific professionals.
Download the free resource: When is the Best Time to Let Go of Financial Responsibility?
What are the steps you need to take before retirement?
What are the critical things you must do before you clean out your desk at work?
Hopefully you’ve accumulated a significant amount of savings to supplement your pensions before you retired.
But how that money is invested may be even more important than the fact you have savings.
An investor should consider their portfolio’s asset allocation and its tax efficiencies before retiring. What kind of situation is your portfolio in? Are your investments growing in taxable accounts or are they in tax-deferred accounts?
Should an investor be aggressive in their portfolio or conservative after retiring?
The resource Steps You Need to Take 5 Years before Retirement was made for every investor on the road to retirement.
Download the free resource: Steps You Need to Take 5 Years before Retirement
What happens after retirement? Retirees that stay engaged and productive are happier in all aspects of their life.
What will you do after you retire?
Make sure that you’re not only” retiring from” work, but you “retire to” do something that makes you fulfilled.
Understanding exactly how you’ll spend your time is the first step to understanding your retired financial position. Consider what a purposeful retirement looks like for you.
If a bond is actually a loan, how and why do people invest in them?
In this week’s show, Doug and Efraim talk about how bonds are affected by inflation and interest rates. What are the differences between high and low interest rates, and what causes them to change?
Doug explains why when the government is concerned about the economy, the Fed lowers the interest rates which affects the banks and allows them to lend more money to companies and individuals… who will hopefully spend that money and strengthen the economy. While the theory sounds good, in reality, this is exactly what increases inflation.
Keep listening to learn about what the dangers of inflation are, and what governments can actually do to negate inflation.
Inflation eats away at a bond’s value, because the initial dollars you put are worth less than when the bond matures in an environment.
Some folks feel that by buying TIPs (Treasury Inflation Protected bonds) they are protected from inflation. Listen to find out if this is true or just a myth.
Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
For nearly two years investors faced the chaos of Coronavirus. Today, we’re facing the chaos caused by the Russian invasion of Ukraine.
We can’t predict how either of these two events will end, but we do know that sometime in the future there will be more chaos wreaking havoc on the market.
What should an investor do when the markets tumble?
There have always been wars, plagues, and major upheavals, and yet some people have made money while investing in turbulent times. Join Doug to understand the techniques of some of the best investors who have made money by viewing their portfolio over the long-term. Should you be panicking now or looking for opportunities? If you need help with your own portfolio, and want to know how to invest in a crisis, make sure you speak to your financial advisor or get in touch with Doug and start a conversation.
What is the first thing you should do after you inherit your parents’ stock portfolio?
Start with a financial planning outlook.
Take a moment to think about your own needs, and determine if the inherited stocks meet those needs.
If not, then decide how to sell them and what to invest in instead.
The important thing is that even though at one time the assets were your parents’ stock, you don’t need to keep the assets invested in the same stocks that they did. Instead, you should create a portfolio based on your current situation, including your own tax obligations.
Download the free resource “How to Make the Most Out of Your Parents’ Stocks” is an step-by-step guide for all investors looking for answers about inheritances.
Download free resource: How to Make the Most Out of Your Parents’ Stocks
How are U.S. inheritances taxed? How are inheritances taxed? Are inheritances taxed differently in the United States than other countries? If you recently received a U.S. portfolio, there are certain U.S. tax laws that could impact your inheritance. While I am a financial advisor and not a tax expert, there are certain tax ramifications to owning/inheriting stocks that you need to know about.
For more information about inheritances, check out The Inheritance Book. The Inheritance Book was written for investors living in Israel receiving an inheritance from the United States.
What do you need to do to have a financially successful retirement?
Even if you’re lucky enough to receive a work and/or government retirement pension, chances are it won’t cover all your expenses. That is why folks increasingly depending on their investment portfolio to sustain their retirement.
Have you set up your investment portfolio for success?
The free resource “Do These 4 Things to Have a Financially Successful Retirement” is a must-read for anyone who wants a financially successful retirement. Read the list and begin to create the retirement you want.
Download free resource: Do These 4 Things to Have a Financially Successful Retirement
Connect with a financial advisor Have unanswered financial questions? Contact The Goldstein on Gelt Show to either have a financial question answered on the show or a question answered personally by Doug.
If you’re interested in more information on retiring, sign up now to receive updates on new episodes and receive Doug’s free ebook The Retirement Planning Book.
Everyone wants a successful investment portfolio – but the definition of a successful investment portfolio is different for everyone.
What would need to happen in order for YOU to consider yourself successful at investing?
Do you need to redefine your definition of success or redesign your portfolio?
Download the free resource “Three Tips for a Successful Portfolio” which gives three simple tips to help optimize your portfolio to help it meet your investment goals.
Remember, a successful investment portfolio isn’t only measured by the total on your monthly statement. A truly successful portfolio enables you to live the lifestyle you want, be it steady dependable income, disposable income, or peace of mind.
Download free resource: Three Tips for a Successful Portfolio
Investing for retirement Have you started planning for your retirement? What would your ideal retirement look like? if you need some motivation to begin your retirement planning.
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
When should you speak with a financial advisor?
While you should always speak with a financial advisor if you have unanswered questions about your investments, that is not the only time you should consult with a financial professional.
To find out when you need to get professional financial advice, listen to this podcast, and then download the free resource 4 Times You Should Speak with a Financial Advisor.
Finding a financial advisor How can you find a financial advisor that is the right fit for you?
Ideally, a financial advisor should understand your specific investment needs, like what type of investor are you? How is your portfolio set up?
Financial advisors may not be able to predict market movements, but they can educate clients on the potential of their investments.
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
Download free resource: 4 Times You Should Speak with a Financial Advisor
Did you inherit money from abroad and are having difficulty collecting the assets?
Receiving an inheritance from abroad can be complicated. Claiming an inheritance is full of bureaucracy, as each organization has to verify the beneficiary’s identity.
If you’re a beneficiary to an account in another country, the rules and regulations different firms have are complicated. In order to simplify the process, download the free resource “How to Claim an Inheritance from Abroad.”
There are a series of steps an investor can take to make receiving their inheritance easier. The Inheritance Book was written for investors living in Israel receiving an inheritance from the United States. The book is a step-by-step guide for the inheritance process. You can buy the book on Amazon.
Download free resource: How to Claim an Inheritance from Abroad
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
Does your American brokerage firm want to end your relationship because you live in Israel (or anyplace else other than the USA)?
Why would a U.S. broker not want to work with an account with a foreign address? Brokerage firms in the United States may drop clients living in Israel because of the fear of not knowing their client properly and extra bureaucracy involved in having clients who live overseas.
However, it is not against the law for folks living overseas to have American brokerage accounts. If you’re an expat investor who has been dropped by your U.S. brokerage firm, you need to find a cross-border firm that specializes in clients similar to yourself.
Look no further….
Living in Israel but investing in the United States? Trying to find a licensed financial advisor with cross-border expertise who can open an American brokerage account for you?
If so, then you should download the free resource “Retirees Fired by Their Brokers in America.” The resource is a summary of what Israeli clients should do if their U.S. financial advisor drops them.
Download free resource: Retirees Fired by Their Brokers in America
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
If you are going to pick individual stocks, how should you choose them? Should you pick growth or value stocks? Is it a good idea to try to pick one stock for your portfolio?
In this week’s show, Efraim and Doug talk about what if someone wants to invest in the market without professional advice.
Doug explains what the difference between growth and value stock is and the different ways to invest.
Does every company start from growth and slowly move to value?
Tune in to the whole show to hear a tip on how to avoid paying fees to a mutual fund company.
Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
In this down to earth show, learn how to use Yahoo! finance to help you research stocks. Efraim is ready to start investing. Listen to Doug’s tips on how to research a stock and understand all the numbers.
While you listen, open up Yahoo! finance, and follow along as Doug and Efraim click through the different tabs. After listening to this show, you’ll be prepared to research stocks.
Doug explains what the “yield dividend” is and how to calculate it correctly. You can still make a steady income even f the price of the stock goes down.
Does a company’s size matter? Is bigger better? The key is to try to figure out what the company will look like in a few years and if it will still be relevant.
Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
Why is retirement Israel is different than retirement in America, or anywhere else on the globe?
It’s because retirement plans need to be specific to individuals.
Your retirement plan should reflect your individual goals and the current size of your nest egg.
If you’re an American living in Israel and having a difficult time working with an American firm, it may be time to switch to an Israeli company that can help you keep your dollar assets and retirement accounts in an American brokerage firm.
Retirement in Israel doesn’t mean you have to give up the benefits of an IRA account. It just means you need the advice of a CFP (Certified Financial Planner) who understands cross-border investing and your individual situation.
In order to create a long-term financial plan you need to find a balance between growth and risk.
The toolkit, “Opening U.S. Brokerage Accounts from Overseas,” a financial guide on brokerage accounts for U.S. investors living in Israel might also help make a difference financially.
Rethink your retirement Download the free resource, “What Every American Who Retires in Israel Should Know”. The resource is a summary of retirement in Israel. Have you recently moved to Israel from the United States? Transform your future. Download the free resource and rethink your retirement.
The toolkit, “Opening U.S. Brokerage Accounts from Overseas,” a financial guide on brokerage accounts for U.S. investors living in Israel might also help make a difference financially.
Download free resource: What Every American Retiring in Israel Should Know
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
Have you ever felt as if all the forces in the universe were stacked against you improving your financial situation?
That doesn’t need to be the case!
Today, Doug brings back one of the Goldstein On Gelt podcast’s most popular guests, Joe Saul-Sehy to discuss Joe’s new book, Stacked (co-written by Goldstein On Gelt former guest, Emily Guy Birken).
This book provides a huge amount of information about personal finance in a way that’s fun to read and inspirational. Doug and Joe discuss whether there are certain people who should NOT keep track of their money. They also answer the question about whether you should buy stuff when you can get 0% financing (spoiler: Free money has consequences.). Finally, they dive into the topic of mortgages, how they should be structured, and the benefits of paying it off early.
Joe Saul-Sehy hosts The Stacking Benjamins Show. Follow him on Twitter @AverageJoeMoney
Do you have enough money to retire and be financially secure? How do you even know what “enough” money is?
Thinking about your retirement can be overwhelming, and it is natural to be concerned about retirement. The good news is the more carefully you plan for retirement, the more likely you’ll be able to make it financially.
If you’re worried about retirement, download the free resource, “You’ll Have a Spectacular Retirement If You Know This One Thing.” This resource highlights the most important spending habits during retirement.
How can you create a sustainable financial plan? Creating a comprehensive financial plan requires careful thinking about what you want your retirement to look like. You need to know your goals before you can attach a dollar amount to them.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Download free resource: You’ll Have a Spectacular Retirement If You Know This One Thing
What is the best way to plan in order to achieve a financially secure retirement?
Is there a secret that wealthy people have that “ordinary folks” can imitate?
A financially secure retirement is determined predominately by a person’s savings and investments. As you get older and your savings increase, the features of your investments should change.
Take stock of where you are now, and determine a retirement plan that could serve you in the future. Listen to the podcast to find out which financial decisions will directly impact your retirement.
The Goldstein on Gelt created the free resource, “What Wealthy People do to Insure a Financially Secure Retirement” as a financial guide for retired life. If you need help beginning your retirement plan, or want a reality check to make sure you’re doing the right things, download the resource now.
Free Download: What Wealthy People do to Insure a Financially Secure Retirement”
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What are your unanswered questions about creating a retirement plan?
Today’s show features a listener’s question about what he needs to do to create a retirement plan and create a long-term retirement strategy.
Retirement planning is not “one size fits all.”
Financial situations are often complex and intertwined with an individual’s personal finances. Some investment vehicles are better tools than others when planning for retirement.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Have you heard the financial lessons of “Scatter Man” and “Generous Mom?”
While identifying characteristics have been changed to maintain the privacy, there are important financial lessons to be learned from these two real-life investor stories.
Learn why Scatter Man’s diversification techniques don’t work. Instead, Doug explains how to consolidate your money and how to put yourself in a position that will serve you and your investments.
And, if you want to help your children, find a way to do so without the negative side effects of “Generous Mom.”
After listening to these stories, are you curious about Doug’s money habits? Watch this video about Doug’s personal money management.
Trying to open a U.S. brokerage account? Doug presented a free webinar on how to open a U.S. brokerage account from overseas. If you missed it and want to watch the replay, email doug@profile-financial.com. If you are interested in learning more about U.S. brokerage accounts, download the free toolkit designed to help international investors invest in the U.S. economy.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do men and woman have different financial priorities?
In this week’s show, Efraim and Doug talk about what’s the best way to set up your financial priorities and how to talk about it with your spouse.
What is the best time of day to have a financial discussion with your spouse?
Listen now to find out what Doug has to say about holding on to “good debt,” and why it might be a good idea to have a long-lasting mortgage.
Another way of thinking about this is: should you invest in a high-return investment so you can make enough money to pay off your debt?
Doug explains why paying off debt is in-and-of- itself a good investment.
Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
This week Doug discusses what are the key elements in a strong and healthy relationship. Most people think its “talking to one another”. But when is it right not to talk about money? Efraim Goldstein, Doug’s son, and happily married for two years and looking to continue to strengthen his marriage, asks the questions all newlyweds should know.
- When is it the best time to talk to your partner about your financial goals?
- Find out how to plan with your spouse for long term and short-term personal and financial goals
- How can you invest without emotion if all the big choices in life come down to emotions?
Efraim is a first-year business student, former IDF officer, and an entrepreneur, running the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
Retirement isn’t only a topic for old people, plenty of young people are concerned about it too!
Today, Efraim, a young adult not even finished with university studies, asks Doug why young people like himself should be concerned about retiring… even before they start to work.
In this week’s show, Efraim, Doug’s son comes back with more questions about retirement.
What should a young adult do to put themselves on the path to a financially comfortable retirement?
How can young people know how much money they will spend after retirement?
In a surprising response, Doug explains why it’s important to know how to spend your money when you need it, and not necessarily only focus on saving. Tune in to listen to the debate if you should invest all your money in the stock market and withdraw the money as needed, or should you set aside money for retirement and not touch it until your retirement party?
Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
In this week’s show, Doug’s son, Efraim, an aspiring real estate mogul, pops into the studio and asks Doug questions about investing in real estate. In the past decade real estate prices have shot up, is now a good time to buy a house or did you already miss the chance to buy at a good price? How does the increase in housing costs relate to the steady growth of the stock market?
Is it better to buy physical property or a REIT? If a REIT, what kind?
Learn how you can diversify your account and invest in real estate at the same time.
Doug and Efraim discuss how one could invest in real estate without worrying about the tenants. And should one try doing it on his own or though some real estate agent as one of the real estate agent’s investors, so he makes all the decisions?
Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il
Israeli divorces are different than American ones.
Jay Hait, a licensed lawyer in both America and Israel, joins the show to discuss the financial implications of divorce in Israel.
Learn what the most common financial mistakes made when getting a divorce and how to avoid them. Every couple needs a financial plan. Jay highlights some of the legal issue about Israeli divorces and stresses the importance of creating a binding agreements. Jay explains his own view on the financial aspect of a marriage and divorce.
Do you live in Israel and have U.S. Investments? Sign up for an upcoming webinar titled Handling Your U.S. Investments from Israel. On October 24, 2018, Doug will present a webinar on how:
- to open a U.S. brokerage account from overseas,
- how to find a financial advisor tailored to you,
- how to recognize a reputable brokerage firm.
If you’re interested in more information on U.S. brokerage accounts, Doug has created a free toolkit designed for investors.
Download free resource: Opening U.S. Brokerage Accounts from Overseas
To learn more about Jay Hait call 077-200-8161 or visit his website.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What does financial freedom look like to you?
Believe it or not, everyone has different definitions of what financial freedom is.
What situation would you have to be in to feel financially secure?
Linda P. Jones, the founder of Be Wealth & Smart VIP Experience, an online investment program that mentors woman financially, joins the show today to discuss common conceptions of financial freedom and how ordinary people can reach financial security. Listen to learn the three components of financial freedom and the best way to find your personal potential for creating wealth.
Linda published the book You're Already a Wealth Heiress! Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now, which is geared specifically for women who want financial freedom and are just getting started in the world of investing. However, she assures us that men can also benefit from reading the book!
Do you know what to ask your financial advisor? Take charge of your first meeting with a potential financial advisor, and make sure to ask the right questions. Listen to learn the questions you should ask at your first meeting.
If you are considering opening a U.S. brokerage firm account from Israel, make sure to download a toolkit on his corporate site.
To learn more about Linda P. Jones listen to her Be Wealthy and Smart and The Money Tree Investing Podcast.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Even though the United States is strict about opening U.S. brokerage accounts from overseas, if you’re not a money launderer or criminal, it is easy to open a U.S brokerage account from overseas. As a financial advisor specialized in cross-border financial matters, Doug has over two decades experience in opening U.S. brokerage accounts for people who don’t have an American address. Unsure why your address might impact your ability to open an account?
Listen to Doug’s discussion with Joe Saul-Sehy, podcast host of The Stacking Benjamins Show, to talk about the process a cross-border investor goes through when a U.S. brokerage account is opened from overseas. Further, Joe has a lot of experience with cross-border investing and understands what an investor can expect from the experience.
Not sure if you would benefit from an American brokerage account? Download the free toolkit for investors considering whether they should open an account. Download free resource: Toolkit for Opening U.S. Brokerage Accounts from Overseas
Joe Saul-Sehy hosts The Stacking Benjamins Show. Follow him on Twitter @AverageJoeMoney
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
When you die will your heirs need to pay estate tax? The distribution of a deceased person’s assets is a complicated process that may become more complicated when estate tax is involved.
Ron Zalben, CPA at Aboulafa Avital Shrensky & Company law firm and frequent guest on The Goldstein on Gelt Show, shares insights on estate tax. Listen to learn if your estate will be subjected to estate tax, and what the current laws are.
Did you, or are you anticipating receiving an inheritance? Doug wrote a book geared to those who have received, or are anticipating receiving an inheritance. The Inheritance Book. The book is a resource for people who recently lost a loved one. The book contains 5 essential checklists to streamline the paperwork involved in claiming an inheritance. If you need a little help getting your inheritance paperwork form in order, Doug has created a free checklist to keep you on track.
Download free resource: Inheritance Paperwork Form
If you have follow up questions about estate tax, be in contact with Ron Zalben: ron@aboulafia.co.il. He is also available on Facebook and LinkedIn.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
If a loved one recently passed, do you know what you need to do to claim your inheritance? Israeli law requires heirs to have a transfer certificate to claim an inheritance. What is a transfer certificate? Where can you get one?
Today’s guest has the answers… Ron Zalben, a partner at Aboulafa Avital Shrensky & Company, has extensive knowledge of estate tax laws and transfer certificates. Getting a certificate can be a tedious process, but it is necessary to claim or transfer any assets. Ron explains how someone receives a transfer certificate.
Have you recently received an inheritance? If you received an inheritance that included a beneficiary IRA account, in order to avoid needless taxation, you need to open a U.S. brokerage. Doug explains why it is essential to find a cross-border brokerage firm.
If you need a little help getting your inheritance paperwork form in order, here is a free checklist to keep you on track.
Download free resource: Inheritance Paperwork Form
Buy a copy of Doug’s latest book The Inheritance Book
Ron Zalben can be reached at 02-6294272 or at ron@aboulafia.co.il. He is also available on Facebook and LinkedIn.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What exactly is a power of attorney, and when would it come into play? Russell Mayer, a Senior Partner at Livnat Mayer & Company, explains what a power of attorney (POA) is and when people would typically need to use one. A power of attorney gives someone else the authority to handle your affairs in the event you can’t. There are several different types of power of attorney, and knowing which is the most appropriate can be complicated. In fact, Americans who recently moved to Israel may be surprised to find that an American power of attorney will not be recognized in Israel.
There’s more to know about receiving an inheritance, other than getting cash! During September every episode is focusing on a different aspect of receiving an inheritance. Today’s episode focuses on what happens if you inherit an (Individual Retirement Account). Taking money out of a beneficiary IRA can have tax consequences so before you use the funds consult with a tax advisor, and before you invest the funds, consult with your investment advisor, as some types of investments may not be appropriate for an IRA. Doug explains what you should do if you inherit an IRA or need to handle any assets domiciled in the U.S.
If you need a little help getting your inheritance paperwork form in order, here is a free checklist to keep you on track!
Download free resource: Inheritance Paperwork Form
To learn more about Russell Mayer send him an email mayer@lmf.co.il. Russell is a co-author in Doug’s latest book The Inheritance Book. You can buy the book at GoldsteinonGelt.com/books.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Why is it important to have a will, if it only comes into play after you no longer are alive? Russell Mayer, an estate attorney based in Israel, explains how the law distributes an investor’s assets after their death and why having a valid will makes a difference. Doug and Russell examine how a will works and who needs to be involved in creating it. Russell stresses the importance of each spouse having a separate will (some things just aren’t meant to be shared!). The death of a loved one is difficult, but the dividing assets doesn’t have to be emotionally wrought experience. Determining what arrangements you want for your family before you pass can save a lot of potential legal battles.
Welcome to Inheritance Month September is Inheritance Month on The Goldstein on Gelt Show. Every episode this month, will discuss a different facet of giving and receiving an inheritance. How should you handle an inheritance? What kinds of decisions should you make during an emotional time in your life? In today’s episode, Doug outlines three decisions you should not make when receiving an inheritance. Download a checklist of the paperwork you’ll need to claim your inheritance here.
Download free resource: What Paperwork Is Needed to Claim an Inheritance
To learn more about Russell Mayer, a senior partner at Livnat Mayer & Company, you can email him at mayer@lmf.co.il or call 02-679-9533. Russell is also a co-author in Doug’s latest book The Inheritance Book. Call Doug if you’d like to pre-order a copy 02-624-2788. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do you know how to choose a mutual fund to best meet your investment goals?
Doug just created The Mutual Fund Buying Checklist to help you choose mutual funds! Download it now!
In a recent listener’s letter, Doug was asked if mutual funds were still a good investment. He was also asked if it is illegal for Americans living abroad to purchase them. Listen to today’s episode to get the answers.
And remember if you are an American expat, you should always work with a cross-border financial advisor who has expertise in your countries.
Download free resource: The Mutual Fund Buying Checklist August is “How to Make Money in the Stock Market” Month
The month of August is “How to Make Money in the Stock Market” month. All of August’s podcast will feature ways to invest in the stock market.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do you know the benefits of ETFs (Exchange Traded Funds)?
While some investors like to pick their own individually stocks, statistically their overall returns tend to be lower than someone who invests in a mutual fund or ETF. Listen to today’s episode to learn what to look for in choosing an ETF and how to use them effectively.
Long-investors who want to hedge their bets may find that investing in ETFs is the answer to having a stress-free portfolio.
Download a free resource that outlines the key components of ETFs.
Download free resource: How to Choose ETFs and Have a Stress-Free Portfolio
August is “How to Make Money in the Stock Market Month” on The Goldstein on Gelt Show The month of August is How to Make Money in the Stock Market Month. Every episode this month will feature ways to invest in the stock market.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How does an investor pick a good stock when there are so many to choose from?
What if choosing a stock didn’t have to be so complicated?
Download Doug’s free resource to help you make educated stock choices. The eight-point list is complete with practical advice on picking stock. However, don’t only use this list as your criteria for choosing stocks. Investors should always work closely with a professional financial advisor to build their portfolio, making sure it will both meet their investments goals and match their risk tolerance. The Smart Way to Pick Stocks is an in-depth explanation on stocks.
Download free resource: The Smart Way to Pick Stocks
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Wells Fargo announced they are going to end their relationship with their overseas clients and close those accounts just because the address on the account is not in America.
Does Wells Fargo’s move leave you and your investments out in the cold?
If you received a letter from Wells Fargo (or any other American brokerage firm) informing you that you must move your account elsewhere, don’t panic. There is a simple solution.
How Profile Can Help You With over 25 years of experience with cross-border investors, Profile is able to open and maintain U.S. brokerage and IRA accounts for people who live outside the United States. Even though our office is in Jerusalem, we work with Portfolio Resources Group, which has clients in 35 countries. Our Jerusalem office focuses on clients in Israel, Europe, and the Far East.
Listen to this podcast episode which tells you the basic procedures that clients need to know about transferring their accounts.
Then, call the office 02-624-2788, and let’s start a conversation.
One of the biggest problems facing a widow (other than the devastating loss of their spouse) is the fear of going broke. Losing your life’s partner is a very emotional time. Many times a widow is faced with decisions she has never had to consider before, including financial decisions.
If you are close to a widow, would you know if she were having financial problems or if she was facing the possibility of going broke?
Doug created a list of signs that might possibly indicate a widow (or anyone else) may be in an unstable financial position. This free resource, Do You Recognize the 5 Warning Signs a Widow is Going Broke?, highlights all of the warning signs, and tells you what you can do to prevent financial instability.
Download free resource: Do You Recognize the 5 Warning Signs a Widow is Going Broke?
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
A question that I’m asked frequently these days is “how do I handle my American investments from overseas if my current American brokerage firm wants to close my account?”
It’s common for me to get inquiries from people who received letters about their accounts being closed/frozen. Happily, I can help them.
While many American firms are dismissing clients with foreign addresses, we welcome the strengthening of international relationships. We custody our clients’ accounts at Pershing, LLC. Member NYSE/SIPC, a subsidiary of the Bank of NY Mellon Corp. That means that all the assets are held in America, the statements are all in English, and all the accounts are compliant with IRS regulations.
Beware of moving assets to Israel! Not only will tax-deferred accounts like IRAs lose their U.S. tax-deferred status, but U.S. PFIC regulations can make it very costly to invest in Israeli funds.
Bottom line: there are two easy steps to handle your American investments from overseas:
- Listen to this week’s podcast
- Be in touch with me (call my Jerusalem office 02-624-2788 or fill in the contact form)
Climbing prices are bad for consumers and investors. What is the best way to stop inflation from eating away at the real value of your investments?
While most consumers view higher prices and inflation as a bad thing, the stock market frequently rises during periods of high inflation. This means your stock prices and dividends may increase.
How to stop inflation from eroding your purchasing power?
When prices rise, the Consumer Price Index (CPI) also rises. It may be prudent to buy TIPS (Treasury Inflation-Protected Securities) because they are pegged to the CPI.
REITS (real estate investment trusts) are a popular choice because rising prices also spill over to property values. Increases in rent are directly paid out to REIT owners in terms of higher dividends.
Listen to the episode to learn which investments are better avoided during times of high inflation (hint, CDs and annuities may fit into this category).
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Managing retirement funds doesn’t need to be confusing or overwhelming. Rolling over a 401K into an IRA (individual retirement account) frequently makes it easier for the client.
I am often asked for tips on what investments should be inside of an IRA account. Here’s what I tell folks:
- Depending on your situation, you can have stocks, bonds, ETFS, mutual funds in the account
- High-dividend positions may be tax advantageous
- Tax-deferred growth is a positive… unless your stock drops in value and you lose the opportunity for a write-off
Don’t forget to make sure you take your required minimum distributions as required to avoid penalty payments.
For other tips on how to invest and manage your IRA accounts, listen now!
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
If you are a non-resident alien of the U.S. (meaning you do not live there and you do not have citizenship) and own investments or assets in America, your American assets may be subject to inheritance tax. With the help of smart tax advisors, many people have found some great solutions.
Ron Zalben, The Goldstein on Gelt Show’s tax tip expert, discusses how a non-resident alien can choose investments to side-step this costly tax. Ron, a partner with Aboulafa Avital Shrensky & Company, specializes in American and Israeli tax planning and compliance. Find out when an offshore mutual fund comes in pretty handy for a non-resident alien. American citizens though, you should stay far away from such funds! Non-resident aliens should consult with a tax professional before making a financial decision regarding a “U.S. situs” investment.
What happens when a non-U.S. citizen dies with U.S. assets? The Goldstein on Gelt Show listener “Matt” asked Doug what was going to happen to his Israeli wife’s American assets when she dies? The answer opens the door for an official legal consult, but Doug still gave Matt a brief overview of what happens on the Israeli side.
To contact Ron Zalben about tax issues (Doug is not a tax advisor), email him, or contact him on Facebook and LinkedIn.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What does financial success look like? There isn’t a formula for financial success, but there are steps you can take to achieve financial stability. The step are your “financial plan” – and everyone’s financial plan looks different. Doug explains how a financial advisor should guide you towards success through a deep understanding of your financial position.
Dealing with American financial advisors when you live abroad Why would a U.S. financial advisor limit his interactions with a client who lives abroad? A Goldstein on Gelt Show listener, “Bill,” was told by his financial advisor that he can only take unsolicited orders (so much for giving advice!) and that he cannot purchase any mutual funds. What is an unsolicited order? And why can’t his financial advisor purchase mutual funds? Listen to find out more about these issues and possible solutions. Begin your path towards financial success by downloading the resource Three Steps to Financial Success. Download free resource: Three Steps to Financial Success If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Monte Carlo simulations take a huge amount of data and possible variables and let you know the chance of a specific outcome. Financial planners use Monte Carlo simulations to look at all sources of cash flow, income from investments, possible market scenarios and predict whether you’ll “make it” in retirement. Watch a short video about Monte Carlo simulations. While Monte Carlo simulations are a starting point to financial planning, Doug’s interview with Dr. Harry Markowitz titled Can Modern Portfolio Theory Make You a Better Investor? highlights all the options. Can you predict what your financial future will look like?
Creating a financial plan Before you begin your financial plan, make sure to download the free resource What Checklist Do I Need for a Financial Plan? The list outlines all the questions a financial advisor asks. Start thinking critically about your finances. Download What Checklist Do I Need for a Financial Plan? Download free resource: What Checklist Do I Need for a Financial Plan? If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Financial planners frequently meet with folks who want to invest for growth. After all, who doesn’t want to see their portfolio grow? But, growth also means capital gains tax. Are there any investments that encourage portfolio growth but have limited tax liability? On today’s show, Doug answers a listener question about investing for growth. “Jeff” asks if there are investments that encourage portfolio growth, but have little tax liability. While an investment advisor, and not a tax advisor, Doug answers several aspects of the question:
- Are there conservative investments that offer reasonable growth?
- What are the common mistakes people make when investing for growth?
- What is the best way to minimize tax on your investment?
One way to invest for growth is through a SMA – a Separately Managed Account. Watch a short clip on What is a SMA - Separately Managed Account. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Are you up to date with your FBAR (Reports of Foreign Bank and Financial Accounts)? If not, a cross-border financial advisor might be able to help you get things straightened out. Eli Noff is a U.S. based cross-border CPA and tax attorney who helps American citizens living abroad be U.S. tax compliant. Specifically, Eli outlines how FBAR reports are a determining factor in tax compliance. He explains who uses the information on the report, and how it is used. Eli highlights the penalties that non-compliance brings. Don’t despair if you haven’t kept up to date with your reporting requirements. Listen to the show to learn more about what you can do.
Read this before you file your U.S. taxes How do you prepare for filing your taxes with the U.S. government? What numbers and forms do you need? Download the checklist Tax and Investment Reminders for Americans Living in Israel for the steps you need to take in order to complete your FBAR reports and other tax filing requirements. Remember to always consult a tax professional before you file. Take advantage of filing your taxes to look at your investments and make sure that they are suited to your investment goals. Download free resource: Tax and Investment Reminders for Americans Living in Israel To learn more about Eli Noff visit his corporate website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How can you prepare and encourage your children to develop their own financial identity? Parents don’t necessarily have a financial obligation to their grown-up children, but situations can arise where they may want to help their children. There’s a fine line between helping and enabling financially bad behavior. How do you define that line? Listen to the show for the answer, or download the free resource 8 Steps to Raising Financially Independent Children. Download free resource: 8 Steps to Raising Financially Independent Children For other ideas on how to raise financially independent children listen to Doug’s discussion on What’s the Best Way to Give Your Children Financial Assistance? with Jeff Condon about generational giving. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What is the difference between term and whole life insurance? Term life insurance is pure insurance; you pay the insurance company a premium, and if you die within the predetermined period, then they’ll pay your heirs/estate a lump sum of money.
Whole life insurance has a cash component – part of your premium goes into a savings account which you can access if you ever are short of cash. The rest of your premium goes to buy the life insurance itself. Since the entire premium doesn’t go to the insurance component, whole life policies tend to be more expensive than term policies.
Is buying life insurance just throwing money out of the window? While it is true that you personally won’t benefit from life insurance, your loved ones will receive money when you die, which should replace your lost income.
Additionally, you can use the savings component of a whole life policy as an additional part of your financial plan – withdrawing funds that grew tax free. (Note, income tax is paid on investment gains from withdrawals. I’m not a tax advisor. For tax advice consult an accountant.)
Which policy should I choose? Listen to the podcast for more tips on how to decide which type of life insurance is best for you.
How can you financially prepare for a divorce? Lili Vasileff, founder of the financial firm Divorce and Money Matters, helps people prepare for their financial future after a divorce. Doug and Lili discuss the common conflicts couples have regarding money before divorce is even mentioned. Lili shares advice that makes financial communication easier and takes some of the dread out of financial planning. Lili offers a financial process someone should follow if they are getting a divorce from their spouse. Before you call your lawyer you should gather certain information. Listen to this week’s episode to learn what you should do with your money before divorce.
First comes love, then comes marriage Doug has created a free downloadable resource to make financial discussions in a marriage easier. Download Money and Marriage for a list of 8 things every couple should know so they can have meaningful financial conversations. Download free resource: Money and Marriage Learn more about Lili Vasileff by reading her book Money & Divorce: The Essential Roadmap to Mastering Financial Decisions or visiting her website, Divorce and Money Matters. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Exchange Traded Funds (ETFs) provide a different way to trade stock. But it’s not simply another way. ETFs open themselves to multiple strategies.
First of all, Doug discusses the fact that ETF tend to mirror a benchmark. But why not aim to outperform the benchmark?
Then, the discussion extends to discuss some tax saving strategies you could implement using ETFs. (Remember, I never give specific tax advise, but just discuss investment strategies)
And how about inverse ETFs? Why should someone buy one? If you believe the market will go south, wouldn’t you just sell your stocks?
Mutual funds are frequently used by investors as a way to diversify their portfolio, and thereby minimize investment risk.
One of the popular types of mutual funds is index funds. How are they traded, and who arranges the list of stocks in the index?
What is the difference between active funds and passive funds? Is one more aggressive than the other?
Should you “feed your fund?” And, if you want to invest for the long term, are value or growth mutual funds better?
Listen to get the answers to everything you wanted to know about mutual funds – and more – in today’s episode.
Investors are continually bombarded with rules of thumb as to the best asset allocation. However, determining an asset allocation is not a simple formula. Tom Jacobs, money manager for Huckleberry Capital Management, doesn’t believe in the old-fashioned asset allocation rules. He underlines unrealistic expectations of investment strategies and explores some of the industry rules that have created those expectations. Tom shares his own philosophy about money and encourages listeners to take a look at their own financial situation, rather than try to conform to a one-size-fits-all investment model.
Should bonds be considered a “safe” investment?’ Doug takes a look at investments that are considered “safe” in his one-page resource The Risks of "Safe" Investments. He sheds light on some of the downsides of these investments including bonds and fixed income investments. Download Free resource: The Risks of "Safe" Investments Tom Jacobs can be reached through Huckleberry Capital Management's website or by email. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
A global savings glut occurs when investors drive down interest rates. Is this trend coming to an end, meaning interest rates will climb? Do higher interest rates bring inflation? Today’s guest, Will Denyer, an economist at the financial research company Gavekal, explains how the global savings glut impacts inflation… and your pocketbook. What would you do if the market was flat? Generally, the markets are volatile, and smart investors try to mitigate risk by diversifying their assets. Asset allocation strategies try to protect your assets, no matter how the market turns. Have you ever asked yourself how your portfolio would do if the market was flat? Doug created a one-page resource to help you. Tricks to Making and Maintaining a Smart Asset Allocation designed to help investors better manage their asset allocation. Doug also helps a listener learn more about their 401k account. For more information about Separately Managed Accounts click here. Download free resource: Tricks to Making and Maintaining a Smart Asset Allocation Learn more about Will Denyer on Twitter or the Gavekal website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Does receiving stock dividends eliminate or mitigate the risk of investing in stocks? Why would an investor choose stocks without dividends? Ben Reynolds, founder of Sure Dividend, provides guidelines for investors who are looking for stocks which pay high-quality dividends. He explains what a dividend is and how investors can use dividends to their advantage. However, dividends also have disadvantages. Ben acknowledges these disadvantages and outlines why companies may stop paying dividends. Listen to learn the pros and cons of receiving stock dividends.
How much can you withdraw from your portfolio? Doug answers one of the most common questions he hears as a financial advisor: How Much Money Can I Safely Withdraw from My Portfolio?? Download the one-page resource here, and learn about the question you shouldn’t ask when planning your financial future. Download free resource: How Much Money Can You Safely Withdraw from Your Portfolio? Learn more about Ben Reynolds at Sure Dividend, download his pointers to demystify dividends here: Dividend Aristocrats. Follow Ben on Twitter @suredividend. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
There is a right way to spend money. How do you know if you’re spending your money the right way? Jonathan Clements, founder of Humble Dollar and author How to Think About Money, says money can buy happiness. He explains why it may seem as if you don’t have enough money and what you can do about it. Jonathan also believes in the idea of “Buckets of Happiness,” and explains how people should invest and spend their money.
Investing doesn’t have to be hard Doug has four steps to make investing easier. The Easy Way to Invest Around the World is a free resource designed for every investor around the globe. If you need a little encouragement to keep cash on hand, read Why Cash May be More Important Than Stocks. Download free resource: The Easy Way to Invest Around the World To follow Jonathan Clements visit his website Humble Dollar and follow him on Twitter. You can also buy How to Think About Money. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Is there a common character trait that successful entrepreneurs share?
John Lee Dumas, host of the Entrepreneur on Fire podcast, returns to the Goldstein on Gelt Show to talk about what it takes to start a successful business. John’s insight after speaking with thousands of entrepreneurs can help you with the decision to start your own business or continue working for someone else’s company.
Is there a correlation between the skills involved in entrepreneurship and the skills a successful investor has?
Spoiler alert: Curiosity may be the key to success on multiple fronts.
Curious? Listen now!
Get John Lee Dumas’, new book, The Common Path to Uncommon Success, and follow him on Twitter @johnleedumas
Why is there a stereotype that women aren’t as good as money as men? Today’s episode blasts the misconceptions and myths tied to the world of investing. Anyone, even you, can become a powerhouse investor. Just follow these 5 life-changing rules… Alice Finn, CEO of Powerhouse Assets and author of Smart Women Love Money: 5 Simple, Life-Changing Rules of Investing, shares her passion for helping women see their potential in the world of finance. She talks about why women tend to shy away from financial planning and talks about approaching your finances with her five life-changing rules. Stop and think before you spend that inheritance Doug has prepared a free resource called How Quickly You Should Invest the Money You Inherit? He talks about getting an inheritance and the general questions an investor should ask before they invest their inheritance. And, on the other side of the coin, Doug outlines the way investors should prepare an inheritance for their loved ones. To learn more about deciding when to pass on your wealth to the next generation, watch Letting Go of Financial Responsibility. Download free resource: How Quickly You Should Invest the Money You Inherit? Learn more about Alice Finn by reading her book Smart Women Love Money: 5 Simple, Life-Changing Rules of Investing. Alice can be contacted through Powerhouse Assets. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What does it take to become a millionaire? What financial choices do you have to make to get on the millionaire track? Joe Saul Sehy, host of the award-winning podcast Stacking Benjamins, frequently works with millionaires and has learned some of their some secrets to success along the way. Joe breaks down common misconceptions about millionaires and shares insights as to how they earn their wealth. What differentiates a millionaire from every other investor? What financial systems can put you on the millionaire track?
A good reason to buy bonds It’s easy to say real money is made in the stock market. But educated investors know there are opportunities in the bond market. Doug compiled a list called Why Wealthy People Buy Bonds that outlines why investors add bonds to their portfolios. Download this free resource to learn why buying bonds may help your portfolio. To learn more about bonds in general, check out this free video. Download free resource: Why Wealthy People Buy Bonds Follow Joe Saul-Sehy on the Stacking Benjamins podcast, or sign up for his online courses Joe also co-hosts a podcast with Doug called The Money Tree Investing Podcast. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Running a business presents challenges, not least of which is cash flow. Cash flow is a problem for many people, but businesses have their own issues. How can business owners make the most of their cash flow? Barbara Weltman, attorney and business writer, explains what cash flow is and how to change the way you use it. She outlines some tools and strategies that make cash flow management simpler. Barbara knows a lot about taxes and the nature of businesses. Tune in to learn more about cash flow management.
Retirement can be overwhelming Doug comforts investors who may find retirement planning overwhelming. He created a downloadable resource called Maintaining Your Income When You Retire. He shares some investment choices that can generate cash flow for investors so retirement is not such a drastic change. If you would like to learn more about increasing your retirement income, check out this video. Free resource: Maintaining Your Income When You Retire Learn more about Barbara Weltman by reading her books J.K. Lasser's Small Business Taxes 2018: Your Complete Guide to a Better Bottom Line and J.K. Lasser's Guide to Self-Employment: Taxes, Tips, and Money-Saving Strategies for Schedule C Filers or visiting her website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Investors used to be able to buy PFICs (passive foreign investment corporations) investments without a lot of trouble. So what changed? Yosefa Huber, CPA, helps U.S. citizens living abroad sort out tax issues regarding their U.S. investments. Doug and Yosefa discuss why PFICs cause so much trouble to investors and their accountants. Learn what a PFIC is, and then take a look at your investment portfolio to see if you inadvertently own one.
Should you try to retire early and enjoy life? Doug has 3 Reasons Not to Retire Early, and they may be more legitimate than you realize. Free download: 3 Reasons Not to Retire Early Yosefa Huber can be contacted through her website and Facebook. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Many successful family businesses also have a strong family culture. How are the two related, and how do you shape your family culture? Mitzi Perdue grew up in one family business and married into another. Mitzi shares how her father, founder of Sheraton Hotel, created a strong foundation for his family and encouraged a positive family culture, and how she and her husband, Frank (think chicken!) built their own family culture. She discusses both business and how to become a better family unit. The author of How to Make Your Family Business Last: Techniques, Advice, Checklists, and Resources for Keeping the Family Business in the Family, Mitzi explains how a strong family culture improves all forms of communication, but most importantly, makes having financial discussions easier.
What to do when you want to move your money overseas Doug shares a listener letter. “Janet” wants to know the best way to move a few thousand dollars over to the U.S. Listen to the show to find out Doug’s answer. Hint, it has to do with a cross-border brokerage firm. Doug addresses the problems with offshore mutual funds and offers detailed instructions on how to work with an American bank when you’re outside of the country. He even recommends his free resource Toolkit for Opening U.S. Brokerage Accounts from Overseas. Free download: Toolkit for Opening U.S. Brokerage Accounts from Overseas Learn more about Mitzi Perdue and family business by reading her books or visiting her website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do you know what your retirement income needs are? How much will it cost you to live during retirement? There is no one magic answer as your retirement income should be determined by your personal needs. David Trahair, CPA and financial writer, concurs that retirement is a personal case-by-case situation. He advises how to calculate your retirement goal based on your own personal situation, a one-size fits all approach to retirement planning is useless. David explains how listeners could look at their financial needs and plan accordingly.
How Monte Carlo simulations can help financial planning Doug shares a listener letter from “Stewart.” Stewart asks Doug to explain Monte Carlo simulations and why they are useful in financial planning. In addition to Doug’s explanation, you can watch this video on the subject. Follow David Trahair by visiting his website or reading his books The Procrastinator's Guide to Retirement, and Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Is a basic education enough to make informed investment decisions, or do folks with higher education tend to make better Investment decisions? Nobel Prize winner and Brown University Professor J. Michael Kosterlitz reflects on how education is the key to making positive change in all aspects of life… including finances. Listen to learn how researching superfluidity generated a new understanding of physics, and more importantly, how to perfect your own individual thought process. Professor Kosterlitz admits his scientific work is hard to understand, but it is the idea behind the work that really matters. Professors Kosterlitz explains that in order to apply an idea or a process, you first need to understand how it came to be. This concept is critical in understanding your personal investment choices.
How to build a smarter portfolio Doug shares three steps an investor needs to take to create a Core/Satellite portfolio. Learn how to do this by downloading a one page resource called What’s a Simple Way to Get a Smart Portfolio?. Free Download: What’s a Simple Way to Get a Smart Portfolio? Learn more aboutProfessor J. Michael Kosterlitz by watching his lectures on Youtube. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Post a review of the show on iTunes. Here’s a short video explaining how for IOS 11 users.
There is more than one way to skin a cat, and there are multiple investment strategies you can apply to your savings. But how do you know which strategy can produce the best results for you? Today’s guest, Yariv Haim, founder and CEO of Sparrows Capital, delves into two of his favorite investing strategies: evidence-based investing and contrarian investing. Yariv defines these strategies and explains why they are effective. Should you let the facts speak for themselves, or should you rely on your own intuition? How important is your mindset when looking for a good personal investment strategy?
Is it time to have a financial discussion with your parents? One of the toughest financial issues people have is deciding when it’s time to relinquish their financial independence and ask for help with their finances. Download a seven-step checklist for adults who feel that their parents might need some help with managing their money. The list is called 7 Steps to Helping Your Parents Manage Their Money. If you need some guidance on having this important conversation, then Doug’s checklist should help. Free Download: 7 Steps to Helping Your Parents Manage Their Money You can follow Yariv Haim on LinkedIn or visit his website, Sparrows Capital. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.[podcast src="https://html5-player.libsyn.com/embed/episode/id/6040449/height/48/width/490/theme/standard/autonext/no/thumbnail/yes/autoplay/no/preload/no/no_addthis/no/direction/forward/" height="48" width="490" placement="bottom" theme="standard"
If you are one of the millions of people who live outside of America and have an American brokerage account, you are a cross-border investor. Despite the scale of cross-border investing, many Americans living abroad find their American brokerage firms asking them to close their investment accounts because they have a foreign address. Fortunately, there are financial institutions dedicated to help cross-border investors. David Kuenzi is the founder of Thun Financial Advisors, an American brokerage firm specializing in cross-border investing. As a Certified Financial Planner David understands the need expats have for cross-border investment advice. David explains why the FBAR is so important for international tax compliance, and suggests looking at your investments as more than just a currency value. Listen for insights as to what cross-border investors should do with their money.
Chess can make you a better investor During Doug’s time writing Rich as King with Grandmaster Susan Polgar, he noticed some “grandmaster” moves that dovetailed with smart financial planning. Doug has created a one-page resource called Use These 3 Secrets from Chess to Become a Grandmaster of Your Money, download it for free. To learn more about how to use chess strategies to improve your portfolio’s performance, read Rich as a King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. Free Download: Use These 3 Secrets from Chess to Become a Grandmaster of Your Money To learn more about David Kuenzi, CFP®, visit the Thun Financial Advisors’ website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How much is your money really worth? Currency devaluation means that as the value of a currency decreases, the buying power of money decreases too. So, how do you protect your investments from devaluation, inflation and other economic crises? Ari Pine is a financial trader who has a deep interest in macroeconomics. We discuss the possibility of a global inflation and how governments get themselves in and out of difficult financial situations. Ari explains the difference between a financial bubble and inflation. He eases listeners’ fears about currency devaluation and offers an investment strategy called a “permanent portfolio” as a possible solution. The concept of a permanent portfolio was developed by Harry Browne. To learn more about it, read Harry Browne’s book Fail-Safe Investing: Lifelong Financial Security in 30 Minutes, and discuss with your financial advisor whether his recommendations may be appropriate for you.
Should you invest in bonds? Many investors who want steady income choose to invest in the bond market. Is buying a bond or a bond-fund right for you? Here’s a list of questions you should ask if you are considering investing in bonds. Learn about the types of bonds, the quality of bonds, and the length of bonds an investor should consider. Before you make a bond purchase, download this free resource. Also, watch a short clip called Strategies Overseas Retirees Need to Handle a Multi-Currency Lifestyle for international investors. Free Download: 7 Questions to Ask Before You Invest in Bonds To learn more about Ari Pine visit his website www.pinert.com or follow him on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Does your family’s primary financial caregiver hold their cards close to their chest?
Maybe the following story sounds familiar about a parent keeping your family financials a secret:
Dan has always handled the family’s money. He organized the budgets, took care of the investments, and maybe even set up investment portfolios for the now-adult children. While he had a lot of work to do, he understood it all, and wanted to save everyone else in the family the burden of financial organization.
Here’s the other side of the story Dad’s getting older and even though he still holds the financial reins he won’t discuss his decisions with anyone in the family. Even his wife doesn’t know all the financial details. Worse, he won’t give the adult children the necessary information so they can report their taxes on investments.
What should this family’s accountant and investment professional do to help? Tune in to today’s show with special guest, U.S. accountant Yosefa Huber to discuss the mistakes when family finances aren’t a shared family process.
To learn more about Yosef Huber visit her website, or follow her on Twitter @yosefaCPA.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Make sure your financial plan accounts for what you don’t want to happen A good financial plan takes into account the 4 Ds (death, disability, divorce, debt) and plans around them. Doug and John Ross, estate planner and elder law attorney, stress the importance of planning for the unexpected. John is a co-host of the weekly podcast Big Picture Retirement. He shares some insights on what many people fail to do when preparing for retirement and old age. Chief among these failures is not choosing a power of attorney (POA). John explains what the most important aspects of retirement planning are, and he lays the groundwork for planning for retirement.
How to get control of your money (when you have money) Doug presents a checklist called How You Can Get Control of Your Money (When You Have Money). He covers the common stumbling blocks people face when managing their money. If you can’t seem to get a grip on your finances, then this download is a must-read. Free Download: How You Can Get Control of Your Money (When You Have Money). Learn more about John Ross at Aging Insight and the Big Picture Retirement podcast. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Want to guess who normally initiates a financial planning meeting – men or women? Doug and Brittney Castro, founder and CEO of Financially Wise Women, discuss differences in how men and women approach financial planning and investing.
What do these two CFPs ® (Certified Financial Planners) notice about the gender differences in investing? Brittney delves into the common problems women face when making financial decisions.
She shares how women can overcome these issues and create a more secure future… and do it with confidence! Brittney emphasizes the importance of a financial planner, and advises the steps someone should take after making the initial call in order to best prepare for their meeting.
11 Steps to Take When You Receive an Inheritance Doug offers a list of tips for people who have recently received an inheritance. These tips will help investors get their bearing after receiving a sudden windfall. If you have recently come into some an inheritance or other lump sum, make sure to download the list.
Free Download: 11 Steps to Take When You Receive an Inheritance To learn more about Brittney Castro, visit her website www.financiallywisewomen.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do your financial values guide your investment decisions? Financial values are the things that are important to you: the goals you have for your money. Before any investment or purchase, ask yourself, “What do I value?” Certified financial planner Michael F. Kay explains how a person’s background affects their financial choices. He asserts that our parents are our first models of fiscal behavior. We can rise above the nature vs. nurture debate, and not blindly follow the path of a fiscally poor role model. You can break the cycle and create good habits moving forward. Learn how to identify your financial values and use them as guidelines. The author of The Feel Rich Project assures listeners that you don’t have to “go cold turkey” to make a positive change in your financial life.
Financial independence is not just finding investments with high cash flow Doug explains that finding investments with high cash flow is not the only way to feel financially secure. There are other ways to get a positive cash flow. Download a list of other ways you can increase your income here. Free Download: Financial Independence is Not Just Finding Investments with High Cash Flow To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. To learn more about Michael F. Kay, read The Feel Rich Project: Reinventing Your Understanding of True Wealth to Find True Happiness, or visit his websites www.michaelfkay.com and www.financial-lifefocus.com. You can also find Michael on Twitter @MichaelFKay or @FinLifeFocus. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How can you design an investment portfolio to account for uncertainty? Every leadership change creates insecurity. Investors pull out and buy into markets simply because of election results. How should the political climate affect the way you design your investment portfolio? David Rosenberg, the chief economist, and strategist at Gluskin Sheff and Associates explores why people believe political changes affect the economy and answers the burning question: When does politics actually change the market? Listen for his advice about how to weather the current market. Don’t undermine the importance of the bond market to the economy’s health, and remember to establish the economic fundamentals of any company.
Need a roadmap for retirement? Doug shares a listener letter from “Rich” who is approaching retirement and wants to know the smartest way to manage his nest egg. Doug put together a resource sheet called “How to Set Up Your Portfolio When You Retire” in response to Rich’s questions. Doug has six bits of advice to make financial matters a little easier to navigate during retirement. Download the list here. Free Download: How to Set Up Your Portfolio When You Retire Learn more about David Rosenberg at his corporate site Gluskin Sheff and Associates, Inc., or read his daily column, Breakfast with Dave. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
People first, then money, then things. Suze Orman, one of America’s most recognized personal finance experts, and I discuss why men and women have different financial priorities. Why is that men and women tend to handle money differently? Is it true that women are better at investing than men? Learn why fear, shame, and anger are the internal obstacles to wealth, and why your self-worth and your net-worth are connected. Can money make you feel more secure? Do you agree with Suze when she says, “If you feel less than, you’ll spend more than.”
What can your brokerage firm do for you? Doug discusses the various services a brokerage firm offers its clients. He explains that invested money isn’t the same as a bank account and that not all brokerage firms offer the same services. Tune in to find out how to make the most out of your relationship with your brokerage firm. To learn more about opening a U.S. brokerage account, click here to get a free toolkit for overseas investors. For more information about Suze Orman and her various projects visit www.suzeorman.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Can having a bad or good day affect your investment choices? Before you decide to buy or sell that next stock ask yourself why you are doing it. Dr. Kate Levinson, author of Emotional Currency: A Woman's Guide to Building a Healthy Relationship with Money and a licensed family therapist, shares the role that emotions play in financial decision making. She and Doug explore the question of why many women avoid financial responsibilities in their day-to-day life. She tries to empower women to take an interest in their financial situations. Everyone is vulnerable, and it’s important to recognize that even the wisest decisions might not turn out how we want. Learn how to build a positive relationship with your money!
Is “loss aversion” costing you more than you think? Doug reviews his interview with Nobel Prize winner Daniel Kahneman about loss aversion and offers tips on how to fight against it. To listen to Doug’s original interview with Daniel Kahneman, click here. If you are interested in learning how Doug avoids loss aversion in his personal portfolio, watch How Do You Manage Your Own Money? To follow Dr. Kate Levinson visit her website or read her book, Emotional Currency: A Woman's Guide to Building a Healthy Relationship with Money. Dr. Levinson is also on Facebook and Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Your IRA (Individual Retirement Account) is a great retirement tool. Are you using it in the most efficient manner? Kirk Chisholm, Principal of the Innovative Advisory Group, shares some common misconceptions and mistakes people make with their IRA account. Kirk explains the difference is between a standard account and a self-directed account. He encourages investors to consider the self-directed approach because of its flexibility. He stresses the importance of understanding your investments and knowing your options. Listen now learn how to use an IRA account to its fullest potential.
Are you afraid the market might crash? If so, consider doing this: Fear plays a part in every investor’s decisions. Are you letting fear paralyze your investments or are you able to manage your financial anxiety? In 2013, Doug interviewed Nobel Prize winner Gary Becker, and discussed the role fear plays in people’s financial decisions. Doug compiled a summary of the interview along with a list of tips for nervous investors. Click here to download the tips. Free Download: If You’re Afraid the Market Will Crash, Here’s What to Do Learn more about Kirk Chisholm at www.innovativewealth.com. He is offering a free resource for Goldstein on Gelt listeners, download: 9 Common Mistakes Made By Self Directed IRA Investors. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How much money do you need to be happy? In other words, can financial stability bring happiness? Bestselling author of The Five Secrets You Must Discover Before You Die, Dr. John Izzo and Doug explore what happiness really is and the underlying question, “Does money make a person happier?” Dr. Izzo spoke to 250 people with 18,000 years of cumulative life experience and found one thing in common: your internal mindset about how you see money impacts your happiness more than the dollar amount in your bank account. Listen to his research that shows if financial stability really brings happiness.
Want to manage your finances without a professional financial advisor? Doug discusses the many different ways you can choose to handle your money – with or without a professional’s help. He compiled a list of “7 Different Ways to Handle Your Money. (Click here to download) which covers the right ways and the wrong ways to plan. Whichever way you choose to handle your money, make sure you and your spouse agree on it! If you would like a little more insight on including your spouse in portfolio planning, watch this video. Learn more about Dr. John Izzo can on Twitter, LinkedIn, or his website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book*.
Most people think of networking as a good way to find a job or make other type of connections. J. Kelly Hoey, author of Build Your Dream Network: Forging Powerful Relationships in a Hyper-Connected World, shares how networking can help or hinder your financial decisions. This is because networking is based on trust… a necessary ingredient in any financial advice you get. Kelly offers advice to listeners about how to build a trustworthy network that may open up new financial opportunities.
Supporting your adult children can ruin your retirement! Saying no to your grown children requests for money teaches them self-reliance. While it may be a difficult lesson to implement, Doug presents a list of methods of “cutting your grown children off” so you can preserve your own retirement funds as much as possible. Create a realistic course of action to teach your adult children how to be financially independent. For a full list of steps to stop your enabling practices click here. Learn more about J. Kelly Hoey by reading her book Build Your Dream Network: Forging Powerful Relationships in a Hyper-Connected World, by visiting her website, or following her on Twitter @jkhoey. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What is the difference between a stock’s price and intrinsic value? Learn how to determine a stock’s intrinsic value, and how to make sure you pay less than the value you receive. John Szramiak of Vintage Value Investing joins Doug to discuss the importance of knowing the intrinsic value of your stock selections. John is a firm believer that the intrinsic value of a stock is its real strength. Should you look at a stock’s current price or the stock’s potential? You don’t even know how aggressive of an investor you really are! Believe it or not, many of your “safe investments” carry some level of risk (like inflation risk and interest rate risk). Doug compiled a list of these risks, and steps you can take to minimize the aggressiveness of your portfolio. Download this list now. To learn more about John Szramiak visit his website or follow him on Twitter @Vintage_Value If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do your elderly parents need help with managing their finances? This is a difficult realization both for child and parent, and accepting and giving help needs extreme sensitivity. Letting go of the reins of a financial account is a process. Since this is a difficult conversation to have, consider inviting a financial professional to be an objective voice. Doug gives advice for adult children – and their parents - who find themselves in this challenging position. If you and your parents are at this crossroads, watch this video that might help adult kids and their parents discuss when to hand over financial decisions and accept help with finances. At a certain point being too trusting, or making bad financial decisions, is an invitation to a con artist. The financial bad guy isn’t necessarily a stranger – it can be someone you know, maybe even someone who is close to you.
Retirement planning requires some flexibility Financial planner Benjamin Brandt of the Retirement Starts Today podcast joins Doug to discuss the importance of having a written financial plan and flexibility. These two aspects aren’t as contradictory as they seem, because both put the individual’s financial goals first. Benjamin shares the values he emphasizes with his financial planning clients. Should you emphasize these points in your own personal financial plan? Follow Benjamin on his podcast on iTunes and at www.retirementstartstodayradio.com. Benjamin has even created a special page for The Goldstein on Gelt Show listeners at www.retirementstartstodayradio.com/gelt. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Bobbi Rebell, author of How to be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom discusses how to be a financial grownup. Bobbi uses her journalist background to offer a how-to guide for responsible money habits. Although the book was originally intended for the millennial generation, Bobbi soon discovered that people of all ages need practical money advice. Bobbi suggests automation as a tool for making sure you have the necessary discipline to maintain financial responsibility. She and Doug talk about David Bach and support financial automation as a tool to reach financial goals.
Are you seeing your retirement needs clearly? Doug tackles the question, “can you save too much?” Doug also explores the potential pitfalls of pensions. While financial professionals tend to put an emphasis on saving, there comes a time when it is OK to withdraw principal from retirement accounts. Doug give pointers on when retirees can make the switch from saving to withdrawing. Follow Bobbi Rebell on her website, Twitter, Instagram, and Facebook. Her book is available on Amazon and in major bookstores. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Stig Brodersen, host of The Investors Podcast, joins Doug on this episode to discuss exactly what gives a stock its value. Many times people are shocked are by an expert’s valuation of a home, a car, or other personal item. The reason behind the surprise of a professional evaluation is because folks’ emotional attachment to items tend to inflate their value. Follow Stig and Doug’s discussion to learn why stocks value reflect investor expectations. Stig offers guidance about how to take the emotional component out of stock and investment selection. He also explains why a stock’s value increases/decreases and why people are willing to pay more when a money manager is involved.
Are you ready to retire early? Doug discusses early retirement. Even if you want to retire early, should you? And if so, what do you need to do to make sure you have enough money? He answers the last question with two suggestions to change your investing habits in order to maximize chances of financial success. You can follow Stig Brodersen at The Investors Podcast and on twitter at @stig_brodersen If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
The S&P 500 is an index (collection) of 500 broadly traded large-cap stocks. If your portfolio includes it, will you be properly diversified? Doug explains why even though historically the S&P 500 has had positive returns over long periods of time, past performance can’t predict future results. Moreover, he explains why most people are mistaken in their understanding of how diversified – or not – the index actually is. Listen for tips on how to make sure your portfolio is well-diversified. Sometimes the best way to diversify is getting outside help. Watch here to see what type of money managers can help diversify your portfolio.
Does today’s market contain new patterns or does it reflect historical trends? Jill Schlesinger, CFP® and business analyst at CBS news, joins Doug to explore whether today’s economic landscape is significantly different than it was in the past. If so, should retirement planning and investment plans reflect the new outlook? Jill believes that the global recession taught investors how to look at the future, and we shouldn’t look for a “best-case” scenario, but for the most reasonable scenario. She asserts that the best protection for all investors (including Americans living abroad) is a broadly diversified portfolio. Jill gives advice on what you should do if you think the market is particularly volatile. If you anticipate a big market crash, what move should you make? Listen to Jill and Doug’s discussion to find out when a healthy dose of cynicism pay off, and how to prevent self-inflicted market wounds. Learn more from Jill by listening to her podcast, Better Off, and going to her website jillonmoney.com. Follow her on twitter @jillonmoney If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Does it seem as if more cash flows out of your wallet than into it? Is cash flow the key to growing wealth? If so, what is the best way to optimize cash flow? Doug and Al Zdenek, author of Master Your Cash Flow: The Key To Grow and Retain Wealth, examine why you should broaden your definition of “cash flow” beyond having just enough money to pay bills, to include participating in a regular savings program. Learn how to manage your cash flow now, in order to better prepare for retirement.
Make sure your money is accessible! After working hard to save and grow your money, you want to make sure that it is accessible when you need it. Unfortunately, often after one spouse passes away, it’s common for the surviving spouse to be frozen out of an account. Doug offers some advice to spouses on how to prevent this stressful situation. He offers some smaller steps that can make the difficult financial transition easier for a grieving spouse. Implement these preventative measures that can help the family avoid a frozen asset. If you have any questions about how involved your spouse should be in your finances, watch Does My Husband/Wife Have to Come to the Meetings? If you need to have the difficult conversation transferring financial control in your family, you might want to watch this movie. To learn more about Al Zdenek visit his website www.alzdenek.com, buy his book, or visit masteryourcashflowbook. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
One often overlooked sign of aging is your signature. As people age, often their handwriting and signature change. What does handwriting have to do with investing? Quite simply, if your signatures don’t match it may be harder to move money. Doug talks about the importance of keeping up-to-date records with your financial institutions – including your (aging) signature. Learn about other financial implications that may affect senior citizens and get practical workarounds for some of the financial ramifications that come with age.
Do you have someone you can trust with your finances? Cross-border investing is challenging for American expats. How can you find a financial advisor who understands your specific situation? Doug discusses how to choose an appropriate advisor and build a trustworthy financial team. He lists questions investors need to ask their financial and legal consultants before making an investment. Ask these questions to your financial team! Download a free tool kit for non-U.S. residents, who want to have an American brokerage account. To learn how to listen to The Goldstein on Gelt Show on your iPhone, watch here. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
If you want to get out of debt, should you pay off your smallest debts first or those with the highest interest rates? Deacon Hayes, debt expert, joins the show to discuss how to build wealth when you are in debt. He share his personal experience and presents the steps he took that enabled him to get out of debt. Deacon’s proven debt reduction approach may surprise you. Budgets do not have to be strict or complex, says Deacon. A simplified process is more likely to lead to financial discipline. Learn about of the cash envelope system and a one-sheet financial picture to reach your main financial goals.
Should you wait before buying bonds? In the current low-interest-rate environment, Doug advises when you should consider buying bonds. Doug discusses alternatives to buying a 20-year bond and locking in low rates. Consider implementing bond laddering, an investment strategy that can provide predictable payments on a monthly basis throughout your retirement. Bond laddering may pay a higher long-term rate while staggering interest payments to provide steady income during retirement. Learn more about bond laddering at www.profile-financial.com/bond-ladder. To learn more about Deacon Hayes, visit his website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, and receive Doug’s free ebook The Retirement Planning Book.
Brian Preston and Bo Hanson, co-hosts of the Money Guy Show, share the microphone with Doug, our favorite Money Guy, to discuss why and how should you evaluate, and re-evaluate, your investment risk profile as life changes. “How much risk can your situation handle?” is a very different question than “How much risk can you handle?” There’s a significant difference between risk tolerance and risk capacity. Learn what the difference is, and how to adjust your portfolio and emotional expectations for both. Given enough time, the markets may recover, but do you have enough time in your own plan to recover from potential loss? While protecting yourself against risk, keep in mind that “today’s dollars” have a different value than “future dollars.” $100 of today’s dollars might not fill your future shopping cart, so plan accordingly.
Are your comfortable with your risk profile? How much risk can you really stand – answer in real numbers, not percentages. Which hurts more: losing 10% of your portfolio or losing $50K? Using dollar figures when calculating your risk profile may make the risk feel “more real” than using percentages. Make sure to periodically check in with your financial advisor as your life changes. Major lifestyle events (new children, job, marriage, etc.) can trigger the need to update your risk tolerance. So the next time you change your status, make sure to alert your financial advisor, in case an adjustment in your investment strategy is in order. To learn more about The Money Guys, go to their website, or follow on Twitter @MoneyGuyPodcast. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How can you know which is the best retirement planning tool in the market? When the stakes are high, there is little room for error. Find out Dr. Wade Pfau’s favorite retirement planning tools and strategies. He’s the Professor of Retirement Income at American College and a CFA©. Wade and Doug debate the wisdom of using reverse mortgages in order to use your home as a way to generate retirement income. They also discuss the benefits of using a “time segmentation strategy” or a “bucket strategy” for retirement planning.
It’s okay to use some of your portfolio's principal Are you afraid to touch your investment principal, and only withdraw the interest? In today’s low-interest rate environment, living off of interest alone is nearly impossible. So how do you know how much principal is safe to withdraw? Doug encourages investors to create Monte Carlo simulations to find the right amount of principal to withdraw from your portfolio. He explains what these simulations are and how to schedule withdrawals throughout your retirement. Watch a short animated video that explains how using Monte Carlo simulations can help you fine-tune your financial plan. To learn more about Dr. Wade Pfau visit his website retirementresearcher.com or read his book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement. You can also find him on Twitter @WadePfau. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Exchange Traded Funds (ETFs) have been gaining popularity among investors for years since they are an easy way to get into the market and their fees tend to be lower than those of mutual funds.
But how about leveraged ETFs?
Are leveraged ETFs an easy way to increase your portfolio’s return or are they one of the least understood, riskiest investments that people are using today?
Tune in to learn what a leveraged ETF is, and whether including them in your investment portfolio can boost your return or lead to ruin.
For more information, visit the show notes at https://goldsteinongelt.com/investing-basics-strategies/leveraged-etfs
Should dual citizens have one will for assets they own in both countries, or will one will cover their global assets? Albert Goodwin, a New York attorney, speaks with Doug about the importance of Americans in Israel having an Israeli will. Albert has experience with helping people in New York, Miami, and Israel with estate plans. Albert advises, if you live in Israel, to definitely have an Israeli will. There is more red tape involved with trying to use a U.S. will in Israel, as foreign documents and official translations can complicate matters in court. There will be two probate proceedings in each country. A trust can eliminate the need to go to two courts. Are you setting up your children for financial success or failure? When the time comes to pass responsibility for finances to your children, choose who to trust with task wisely. Why do females get a bad rap when it comes to assuming financial responsibilities? Are you responsible for inadvertently propagating the stereotype? To learn more about passing the reins to the next generation, watch a replay of a seminar Doug gave on the topic. To learn more about Albert Goodwin visit www.NYEstatesLawyer.com to find out all about estate planning and his services. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Your labor assets (your salary + future potential salary) might be your most important financial asset. Doug McCormick, the author of Family Inc., joins the show and explains how the CFO of your family should manage financial decisions, from labor decisions to estate planning. Are you the CFO of your family? Do you know how to take a big picture view of your family’s assets? Doug McCormick takes a holistic view that includes all aspects of family finances, including your labor asset – how much you can earn. The key is to think big, identify all your assets, and make sure that they work together.
Does your family need a trust? Trusts date back to medieval England and the Crusades when knights entrusted the priests of the church to take care of their property while they were gone. The idea behind the creation of a trust is to depend on someone else to look after your property with your best interest in mind. Listen to learn about the different personalities involved in setting up a trust: the settler and the trustee. Benefits of having a trust include avoiding probate. Trusts also maintain privacy and can make things easier. To learn more about Doug McCormick visit FamilyInc.com or follow him on Twitter @doug_mccormick. You can also read his book Family Inc.. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Looking for exponential growth in your investments? The secret may be to start saving early. Beth Kobliner, The New York Times bestselling author of Get a Financial Life shares insights into millennials and their money. Beth and Doug discuss the financial pitfall of student loans and how having better information can help prevent unnecessary debt. They also talk about how millennials can grow their nest eggs by beginning saving and investing while they are still young.
Why it’s important to have a basic understanding of how to manage your own money If you receive an inheritance, chances are in addition to receiving funds, you’ll also get a lot of financial advice from well-meaning family and friends. But some of their advice may not be appropriate for your situation. How can you sift through the advice and figure out what is relevant or not? If you have a clear understanding of basic money management and what realistic investment returns are, you’ll be in a much better position to decide what to do with your inheritance. Triage your response to first deal with urgent needs, then basic needs, and only then develop a financial plan that addresses your wants. To learn more about Beth Kobliner visit www.BethKobliner.com or follow her on Twitter @BethKobliner. You can also read her book Get a Financial Life or connect with her on Facebook @BethKobliner. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. You can also watch Doug’s interviews on his Youtube channel.
Corona is casting a giant shadow over all aspects of life.
Even though the market may have begun to recover from its initial crash, nothing is smooth sailing.
If you are too nervous to invest in the stock market now, bonds may look more enticing.
While an expanded bond portfolio may lower your exposure to stock market risk, it may be difficult to invest in bonds when rates are low.
Why interest rates are low
The U.S. Fed set interest rates to about zero. If the interest rates on bonds is low, the government can borrow more money without paying so much interest. This way Uncle Sam can borrow enough money to pay out the money it promised in the economic stimulus package to its citizens.
Far-sighted companies may also borrow money at low rates, looking to fund future projects with what can seem like “free money.”
How can the government get rid of its debt?
- Print more money – the more money in circulation means inflation, and each dollar is worth less – this causes the potential for inflation
- Increase taxes
- Cut spending
What are some good specific fixed-income strategies?
Even with low interest rates, there are reasons to invest in bonds and other fixed-income investments. Listen for an explanation of specific strategies using bonds for diversification and corporate bonds.
Should investors increase portfolio risk and always look for the highest yielding products? Every investment has risk – the question is what level of risk is best for you. Smart money decisions are based on your personal tolerance for risk, and having a conservative view on investing is not necessarily a bad thing. Sometimes it may be wise to increase your portfolio risk in order to make more money, but more frequently than not, Doug advises clients against needlessly increasing risk in their portfolios. Doug encourages investors to be sure they are comfortable with their investment decisions. Conservative investors may find that consulting a brokerage firm before purchasing “safe” investments like CDs (certificate of deposits) can help them. An advantage of buying CDs is that they are FDIC insured up to $250,000. But what happens if you want to own more than $250K worth of CDs? Can you still be insured? Listen to the podcast to learn how you can buy more CDs and possibly get better returns. [Learn about how deposit insurance works at www.fdic.gov.] If you don’t feel good about your investments, it’s a sign that they aren’t the right investments for you.
Ever wonder about the origin of money? Kabir Sehgal, author of the New York Time’s bestseller, Coined: The Rich Life of Money and How Its History has Shaped Us. Kabir studies the history of currency and how societies affect their country’s financial situation. He defines what money really is, and discusses why the future of traditional money is pretty secure. No need to trade in your cash for bitcoins! To find more about Kabir’s book, Coined: The Rich Life of Money and How Its History has Shaped Us visit his website www.kabir.cc. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. You can also watch Doug’s interviews on his Youtube channel.
Most investors think they have “safety of principal” in their portfolios… do you? Did you tell your broker you want to focus on safety in your investments? If so, does your portfolio reflect your ideal risk/safety level? Doug stresses the importance of having clear communication with your broker. An investor must understand their own investments, and make sure they are appropriate. The best tool for a conservative investor may be CDs (certificates of deposits.) Doug lays out the benefits and different types of CDs. If “safety” is a major concern for you in your investments, then Doug has some helpful tips.
Keep your loved one’s estate out of probate Ronald Farrington Sharp is an estate planner and the author of Living Trust for Everyone. Ronald explains how to avoid probate when a loved one passes on, and how to steer clear of unnecessary red tape. Doug and Ronald discuss the difference between a “will” and a “trust” and what the ideal situation is for each of these arrangements. To read more about the uses of trusts you can find Ronald’s book Living Trust for Everyone on Amazon. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Can a conservative investor find predictable investments? An investor who wants to limit risk has two options for predictable investments: CDs (certificates of deposit) and bonds. Doug explains what bonds are and the pros and cons of owning bonds. Although bonds are frequently considered one of the safer types of investments, there is a catch… the institution could call the bond back. Doug clarifies what that means, and asks if that’s a risk you want to take. To learn more about bonds, watch the Bond Ladder mini course available on Doug’s corporate site, Profile-Financial.com.
How to avoid the biggest mistake new retirees make Ken Heise, president of the Heise Advisory Group in St. Louis, MO and co-host of the podcast Your Retirement Highway joins the show to discuss retirement. Ken realizes one major mistake that new retirees make...poor budget planning, and shares how to create a realistic budget for retirement. Get your budget and finances ready for your post-working years. Check out Ken’s radio show at yourretirementhighway.com. You can also find him at heiseadvisorygroup.com.
"Ken Heise offers investment advisory services through AE Wealth Management (AEWM). AEWM and Heise Advisory are not affiliated companies. Investing involves risk, including the loss of principal.** Heise Advisory is an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions."
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Believe it or not, common investing mistakes that can come back to haunt even the most conservative investor.
Doug shares the story of a couple who were financially secure in their investments, but still made 3 very common mistakes. Listen to hear these mistakes and how Doug suggests to avoid them. Most importantly, he stresses the need for a licensed financial advisor who works with people who have similar needs to your own.
Get out of the paycheck-to-paycheck cycle! The Financial Rock Star and author of 99 Minute Millionaire, Scott Alan Turner, discusses the financial mistakes he made in the beginning of his career. He and Doug explore the topic of why financing with a credit card is a bad idea. They also suggest how to change your spending habits, and why you should consider early retirement.
Scott mentions some smart lessons from other financial advisors he put to good use. If you are struggling with living paycheck to paycheck, tune in for some sound advice!
To learn more about Scott Alan Turner visit his website at scottalanturner.com.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Many Israelis come to Doug’s office and ask, “Am I ‘allowed’ to own a US brokerage or IRA (Individual Retirement Account?)” The answer to the question is yes. Doug discusses how a non-US citizen can own a U.S. financial account and why international investors may want to keep money in dollars. Doug explores the benefits of having a U.S. brokerage account. If you want to learn more about opening a U.S. brokerage account go to Doug’s corporate website profile-financial.com.
Morningstar’s rating system is just a guideline Christine Benz, director and senior columnist of Personal Finance for Morningstar, explains their rating system for mutual funds. Morningstar researches mutual funds and rates them with stars to give investors a visual guideline of their performance. Christine advises why an investor shouldn’t only rely on Morningstar’s research, but should also do their own. She also breaks down the difference between index funds and exchange traded funds (ETFs). To learn more about mutual funds, read Christine’s book Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances. To check out what Morningstar offers investors visit morningstar.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
In an unexpected twist, corona and the economic turndown may turn out to be a good thing for your pocketbook.
Even though you may be required to take distributions from your IRA account, as part of the U.S. economic stimulus package, Uncle Sam is allowing people to skip their 2020 required minimum distributions (RMDs).
This means that you may not have to sell your stocks at historic lows in order to raise cash to withdraw and pay taxes. Listen to this podcast for an explanation.
Everybody wants to make more money in investing, but do you really need to? Investing is a personal choice that you should be able to customize to your own needs. Some people invest for growth while others just want to maintain their principal.
Financial journalist Miranda Marquit shares her own investment challenges. Miranda describes the life of a freelancer and how saving money can be difficult. She explains her money saving approach as well as why index investing fits her needs.
The 3 rules of thumb about investing Doug explains why you need to keep an eye on your investments. He has 3 rules of thumb to remember about investing. Listen to the podcast to find out what they are. You should plan your investments around your life, not the other way around.
Follow Miranda Marquit’s financial advice at plantingmoneyseeds.com, and listen to her co-host The Money Tree Investing Podcast with Doug.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Traditionally people feel that the bond market is a safer place to put money than the stock market. But recent swings in the market have highlighted the risks of both the bond and stock markets.
Listen to this timely podcast I on what is happening with the bond market, and why bond prices might drop. Should you buy or sell bonds now?
And remember while maintaining bans on social distancing and quarantine guidelines, it is imperative for all of us to strengthen our social bonds however we can.
Please send an email with your feedback on the show and/or the markets: doug@profile-financial.com
Tim Prosch, author of The Other Talk, discusses why he wrote his book. The Other Talk refers to the conversation every parent should have with their adult children about their end-of-life wishes. It’s hard to have these conversations, and Tim’s book is meant to be a catalyst to begin this important dialogue. You’ll hear the negative consequences of what may happen if you avoid this talk, and get practical pointers on how to get the discussion rolling.
Invest for your children’s future Are you thinking about investing money for your kids so you can give them a milestone gift for graduation or a wedding? Planning a milestone gift can be difficult for parents. Doug offers a smart way to invest in order to have enough cash at life’s milestones. Learn how to set up investments for your children, so they won’t have access to the money before the intended time. Avoid the common mistakes parents make when they invest in their kids’ futures. Doug covers some of those mistakes and has some useful strategies in planning gifts for the future.
Learn more about Tim’s work at www.theothertalk.com.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Doug speaks about the corona virus, the global economy, market volatility, and your investment allocation. Despite the ban on amusement parks, we are on a roller coaster ride. Buckle up, and tune in for this special update.
Full disclosure: I washed my hands before recording this episode.
Do you own stocks, and if you do, do you understand stocks? Some people don’t even know they own stock! For instance, if you are a mutual fund owner, you might also own stocks. Since you may be a hidden stock owner, it’s important to understand how stocks work. Doug explains what a stock is, how to pick the right stock for your portfolio, and how “price earnings ratio” affects stock prices. Jackson Grant Investment Advisors Chief Investment Officer, Julie Jason, joins the show to discuss how to ask the right questions before making an investment decision. After all, different people need different investments, so you should ask the questions that are appropriate for you. Learn why risk and goal setting are the cornerstones of investment decisions.
Don’t get fooled by “fool's gold” dividends! Doug explains dividends and why high dividends are often a trap. Learn how it’s easy to be fooled by high dividends. How can you determine if a high dividend is worth the risk? To learn more about stocks visit www.profile-financial.com/videos. To learn more about Julie Jason’s book go to juliejason.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Also, Doug would like to know, why do you listen to Goldstein on Gelt? If you have an answer, he’d love to hear it!
The Retirement Answer Man Roger Whitney shares his insights on investment risk and how having the right retirement plan makes all the difference. Life is messy, and you can’t always prepare for a crisis. Roger explains his “barbell strategy” of investing and offers a lot to think about while you build your portfolio.
What is the meaning of “risk” in the investment world? Doug and Roger explore this question and the answer might surprise you! Risk is a key ingredient in investing, and Doug and Roger have sound advice on the subject. Also, listen for the three questions you should consider when looking for a money manager. To hear more about Roger’s retirement tips, go to The Retirement Answer Man. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook, The Retirement Planning Book.
Do you agree with the pundits who predict a global market crash? Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., and Joe Saul-Sehy, host of the Stacking Benjamins podcast, discuss what should take priority: planning for retirement or planning for potential economic disaster?
Should your estate plan include a trust? Is creating a trust appropriate for your estate plan? Learn about the ramifications of trusts on probate, inheritance, and maintaining control of your assets. Listen to Joe Saul-Sehy on www.moneytreepodcast.com and www.stackingbenjamins.com. Follow him on Twitter @AverageJoeMoney
Spending money can be an educational experience. Joe Saul-Sehy, host of the Stacking Benjamins podcast, and Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., discuss how to turn a shopping trip into an enjoyable personal finance lesson. Find out how to teach your kids how to make better choices about spending money. Should you ask a financial advisor for references? When a professional provides client references, will you get an objective opinion? Douglas Goldstein, CFP®, explains what you need to look for when choosing a financial advisor. Learn why references may not be the best benchmark for excellence, and how to check a financial advisor’s credentials online. Click here for an article on how to pick a financial advisor. Listen to Joe Saul-Sehy on www.moneytreepodcast.com and www.stackingbenjamins.com. Follow him on Twitter @AverageJoeMoney
Did growing up during the 2008 recession cause millennials to distrust the financial system? Millennial financial expert Amanda Abella, author of Make Money Your Honey, discusses the unique issues facing millennials with Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd. Why do so many young people have financial fears? How can they overcome them and begin investing? Find out what millennials need to know in order to plan for the future.
Don’t use email for financial transactions Emails and other quick forms of messaging leave open the possibility of miscommunication. Douglas Goldstein, CFP®, shares an example of what happened when an email with financial instructions was misunderstood and gives advice on how to communicate effectively with your financial advisor. Follow Amanda Abella at www.amandaabella.com and on Twitter @amandaabella
How much does your address affect your chances of reaching financial independence? Personal finance blogger Pauline Paquin discusses the importance of considering where you live when deciding upon retirement. She tells cross-border financial advisor Douglas Goldstein, CFP®, why she moved from her native France to Guatemala. Find out which financial steps you need to take if you relocate before retirement.
Find your magic number to reach retirement Is there a magic amount of savings that enables you to retire? What factors, other than age, should be taken into consideration when determining when and where you’ll retire? Find out five important questions that you need to ask yourself - and your spouse. Follow Pauline Paquin at: www.reachfinancialindependence.com and on Twitter @RFIndependence
Good investment advice reflects the big picture, taking into account an investor’s goals. Eric and Wendy Nissan, co-founders of DIY.FUND, discuss with Douglas Goldstein, CFP®, why investors – and their advisors -- need a holistic approach to managing money. Find out why practicing trading with investment simulation games won’t help you deal with the reality of working with the financial markets. What is the hardest part of personal finance? The hardest part of investing is not being able to predict the future. The easy part is the paperwork. Douglas Goldstein, CFP®, explains how technology is making financial paperwork easier to deal with. Follow Eric and Wendy Nissan at: www.diy.fund and on Twitter @Diyfund
Is there a way to be certain that you will always have enough money to follow the retirement lifestyle of your choice? Personal finance commentator Jane Bryant Quinn, author of How to Make Your Money Last: The Indispensable Retirement Guide, explains why there is no magic formula for retirement planning and how one of the keys to making your money last is to “right-size” your expectations. Can the economy change for the better? Doug Goldstein, CFP®, talks about looking at the longer-term view of the world economy. Can things get better? Will you benefit from the world’s future abundance? Get a more optimistic outlook on the world economy, and find out what Doug learned from Peter Diamandis, author of Abundance. Follow Jane Bryant Quinn at: http://janebryantquinn.com and on Twitter @JaneBryantQuinn
As life expectancy continues to increase, what can you do to make your money last longer? Douglas Goldstein, CFP®, cross-border investment advisor, speaks with Steve Vernon, researcher at the Stanford Center for Longevity and author of Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck and Recession-Proof Your Retirement Years. Get an overview of the various long-term income options available to you when you retire.
Three things to do in 2017 to become financially secure Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., shares three simple steps that you can take this year to stay financially secure. Find out what these steps are on today’s financial podcast. Follow Steve Vernon at www.restoflife.com
As time is a valuable commodity, why do people undervalue it? Roger Whitney, CFP®, host of The Retirement Answer Man podcast, discusses the connection between saving time and saving money. Find out why spending hours just to save a few dollars can cost a fortune in the long run. Is it fair to say investing in stocks is like gambling? Financial planner Douglas Goldstein, CFP®, and guest co-host Linda P. Jones, host of the Be Wealthy and Smart podcast, talk about placing bets, beating the odds, the stock market, and gambling. What is the best way to increase your odds at making a profit in the market? Why do people equate gambling with buying stocks, and why are they wrong? Follow Roger Whitney at: http://rogerwhitney.com/ and on Twitter @Roger_whitney Follow Linda P. Jones at: http://www.lindapjones.com/ and on Twitter @LindaPJones
How can you boost your credit score?
Liz Weston, columnist at NerdWallet and author of Your Credit Score: How to improve the 3-digit number that shapes your financial future, explains why your credit score is important, what it’s used for, and how to build it. Learn responsible ways to use a credit card, so it won’t hurt your credit rating.
How to invest in a low-interest environment
Doug Goldstein, CFP®, discusses how investors can lose money by leaving it in the bank. Why are low interest rates harmful to your investments? Discover the most effective ways to invest your money and stay ahead of inflation.
Follow Liz Weston at http://asklizweston.com and on Twitter @lizweston.
Does your teen know how to balance a checkbook or other basic points of financial literacy? Mindy Ajzner, founder of Chaim BePlus, an organization that teaches personal finance skills to young people, discusses what teenagers need to know about keeping track of their money. Many teenagers have no idea about how banks work, budgeting, or bill paying, and as a result can fall into the cycle of debt from an early age. Learn how to become fiscally responsible with a personal mentor. Listen to the podcast for details about joining the program. Do you understand your insurance policy? Financial literacy is an issue with adults too. Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., shares what happened when one of his clients bought the wrong insurance policy. Find out the questions you need to ask your insurance agent before you buy a policy. Download free tools to help you gain a better understanding of your pension plan. Follow Mindy Ajzner at http://www.chaimbeplus.org to get information on courses and financial mentoring for your teens.
How does retiring in Israel compare with retiring in other countries? Liora Bowers, director of Policy Analysis at the Taub Center for Social Policy Studies in Israel, explains why retirement planning in Israel is based on work-based pensions rather than on relying on bituach leumi. Find out why most Israeli retirees have better health coverage than they would in the United States, and what you need to know about nursing care for the elderly. How can you benefit from economic growth? As living standards improve how can you personally benefit from global economic growth and make more money? On today’s financial podcast, Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd. shares tools to help you build your wealth. Follow the work of the Taub Center at www.taubcenter.org.il, on Facebook at Taub Center, and on Twitter @TaubCenter
Cyber crime is on the rise. How can you keep your money safe? James Lyne, global head of security research at the security firm Sophos, explains how to protect yourself and your money against the malicious codes that hackers create every day. Discover:
- Why individual investors are targeted more often than banks and large companies
- The most common tactics that cyber criminals use
- What could happen if a scammer steals your email login and password
What should you do at the end of the fiscal year? There are a few financial steps you should take at the end of 2016. Doug Goldstein, CFP®, explains what tax-loss harvesting is and why it’s often done before the New Year. How should you get your financial plan ready for January? What specific items do you need to review? Follow James Lyne on Twitter @jameslyne and watch his TED talk here.
It is possible to achieve financial freedom after a string of failures. Nearly every successful entrepreneur and investor has a “failure story” to tell. John Lee Dumas, host of the Entrepreneur on Fire podcast, explains the difference between using failure to make a comeback and giving into despair. Learn how to persevere and use your failures to build success. Listen to get guidance on how to handle business partnerships and your marriage when money problems strike. How to handle your money when you move abroad What happens to your investments when you move overseas? How do you access your funds? Doug Goldstein, CFP®, discusses the importance of using a brokerage company that is comfortable with overseas clients. It is vital to stay on top of your finances even from a distance. For more information on managing your money from abroad, download the Profile Toolkit at: www.Profile-Financial.com/toolkit Follow John Lee Dumas on https://thefreedomjournal.com/ and on Twitter @johnleedumas
Is being frugal the best way to ensure financial stability? Steve and Annette Economides, authors of America’s Cheapest Family Gets You Right on the Money, show how frugality can be fun, and why avoiding debt is the best tactic for financial stability. Discover how the Economides family became known as “America’s Cheapest Family.” How to create a solid financial foundation for your family Building a financially secure home is a family matter. Show host Doug Goldstein, CFP ® and his wife, BatSheva, discuss how they manage their family finances. Get a glimpse into how they make financial decisions and how they teach their children to manage their spending and saving. Follow Steve and Annette Economides at http://www.moneysmartfamily.com and @SteveEconomides.
Economist Arthur Laffer, creator of the "Laffer Curve" and author of Return to Prosperity: How America Can Regain Its Economic Superpower Status, explains why high taxes don't necessarily produce more income for the government. Find out why the next U.S. government should consult with the Laffer Curve in order to create prosperity and growth. How should you invest to increase income? Governments can increase income through taxation, but individual investors need to think about others ways to generate wealth. Douglas Goldstein, CFP®, discusses how to invest when markets hit rock bottom and describes investing strategies in order to achieve long-term goals. Don’t forget to sign up here for the upcoming free webinar on how the U.S. elections may affect your retirement savings. Send your questions to Arthur Laffer at: drlaffer@laffer.com
Teaching teens to be financially responsible is one of the most important jobs a parent can do. How can you present budgeting, saving, and other financial concepts in a way that teenagers can relate to? Tamsen Butler, author of The Complete Guide to Personal Finance for Teenagers, explains why it’s important to talk to your children about money from an early age and how giving teens an allowance helps them learn basic financial concepts. Should a volatile market worry investors? Should a volatile market be cause for concern? On today’s financial podcast, Doug Goldstein, CFP®, talks about the importance of accepting the ups and downs of the market if you are a long-term investor. Follow Tamsen Butler at http://www.tamsenbutler.com/ and on Twitter @TamsenButler.
Behavioral finance, or the psychology of investing, explains how and why people make money decisions. John R. Nofsinger, professor of finance at the University of Alaska and author of The Psychology of Investing, describes the biases that can cause investment failure and gives tips on how to avoid making investment mistakes. Why does emotion play a role in financial decision making, and why is it so important to keep track of the bigger picture?< While behavioral finance dictates how individuals make investment decisions, can it also explain market volatility? When examining the history of the markets, it’s interesting to look at the effects of major historical events, such as the world wars, on stock performance. Did investors gain or lose? If you are wondering how the upcoming American presidential elections will affect your investments register for an elections webinar at: www.profile-financial.com/webinar. Follow John Nofsinger at: http://www.financeesp.biz
Modern Portfolio Theory is important strategy that many financial advisors use to minimize risk and maximize returns for their clients. Today's guest on The Goldstein on Gelt show is Dr. Harry Markowitz, winner of the 1990 Nobel Prize for Economics, who invented Modern Portfolio Theory. Find out what Modern Portfolio Theory is and why it is has become the cornerstone of financial planning. Dr. Markowitz advises how to navigate today's turbulent markets. How does Modern Portfolio Theory compare as an investment strategy to asset allocation? Find out what the differences are between strategic asset allocation and tactical asset allocation, and which may be best for you. For more information about asset allocation, listen to this episode of another of Doug Goldstein's financial podcasts, Rich As A King. Follow Dr. Markowitz and his work on http://hmarkowitz.com
What should you think about when making an investment decision?
David Stein, host of the Money for the Rest of Us financial podcast, explains what you need to consider when making decisions about your money. Learn how to measure an investment’s performance, and find out how you should react to a volatile market.
What makes stock values rise and fall, and how should these influence your investment decisions? Doug Goldstein, CFP® explains the influences behind the stock market, and how to respond to them.
Follow David Stein at http://moneyfortherestofus.net and on Twitter: @jdstein
Kiplinger’s columnist Jane Bennett Clark explains why your retirement plan should include doing a “test retirement” to see whether your retirement goals are feasible. Make sure to include practical issues, such as where you will live, what you will do, and what your sources of income will be, in planning for retirement. Should you invest in the stock market when you retire? Doug Goldstein CFP® explains the nature of investing in the stock market and why trying to double your money at a casino is riskier than investing in stocks. Also, don’t forget to sign up for Doug’s upcoming webinar on the effect of the U.S. elections on retirement planning. Follow Jane Bennett Clark at http://www.kiplinger.com and on Twitter @JaneBClark
Coach Todd Tresidder shares how he retired at the age of 35. He discusses effective retirement investing strategies and compares owning a piece of real estate to investing in REITs. Although past performance is not a guarantee for future returns, there are useful financial lessons that you can learn from looking at how people have handled certain market situations in the past. Doug Goldstein, CFP® talks about the most common investing mistakes, and how to avoid them. Follow Todd Tresidder at http://financialmentor.com and on Twitter @Financialmentor.
Parents often want to give financial assistance to their children. How much should parents give, and what’s the best way to do it? On today’s show, Doug Goldstein, CFP® examines generational giving. Learn about the tax considerations involved in gifting money to your children, and how the wrong kind of assistance can make your children more dependent on you and less able to manage their money. Apart from the issue of helping your children financially during your lifetime, is it important to leave them an inheritance? Attorney Jeff Condon, author of Beyond the Grave: The Right and Wrong Way of Leaving Money to Your Children, explores how estate planning can affect family relationships. Listen for tips on appointing executors, protecting your estate from taxes and how to preserve your estate’s value. Follow Jeff Condon at https://condonandcondon.net/ and on Twitter @JeffCondon
Why do intelligent people make irrational decisions about their money? Financial writer Emily Guy Birken, author of The 5 Years Before You Retire, explains impulsivity in making financial decisions. Can you protect yourself against financial scammers, who thrive on their victims’ irrationality, and keep your finances safe? Did you inherit your parents’ irrational financial decision making gene? Are you able to discuss managing their finances with them? Financial advisor Doug Goldstein, CFP® shares practical techniques for dealing with your own money, as well as with your family members, who might not see eye-to-eye with you on how to manage funds. Follow Emily Guy Birken at: http://www.emilyguybirken.com and on Twitter @emilyguybirken.
IRA expert Ed Slott, author of Ed Slott’s 2016 Retirement Decisions Guide, presents options of what you should do with your IRA (Individual Retirement Account) when you move to Israel.
When living and saving for retirement in Israel, Americans need to take taxes, service, and performance into consideration before participating in Israeli saving and investment programs. Douglas Goldstein, CFP®, cross-border financial expert and licensed advisor in Israel and America, details the factors you need to consider when deciding which type of account might be best for you.
Follow Ed Slott at: www.irahelp.com and on Twitter @theslottreport.
To download a guidebook to opening and maintaining a U.S. brokerage account from abroad, click here.
Planning for a happy retirement is not only a question of money. There are many other factors to consider. Wes Moss, financial planner, podcaster, and author of You Can Retire Sooner Than You Think, talks about what makes a happy retirement. Retirement is not only about leaving the daily grind of going to work--it should be a time for doing what you have always dreamed of, but were unable to do during your working years. A happy retirement takes into consideration factors other than the size of your bank account. Listen to find out what else you need for an enjoyable retirement.
Have you recently received a letter from your U.S. brokerage firm asking you to transfer out your account? What should you do? Douglas Goldstein, CFP®, explains the steps you can take if you need to end your existing brokerage relationship. Don’t miss this free download of a toolkit that can guide you through the process of managing your U.S. accounts from overseas.
Follow Wes Moss at: http://www.wesmoss.com and on Twitter @WesMoss365
Do you have more job security as an employee or as an entrepreneur? Taylor Pearson, author of The End of Jobs, explains why becoming an entrepreneur does not mean giving up the security of having a job, why jobs are becoming a thing of the past, and how entrepreneurial skills can help you write your life script. What does the future hold for traditional jobs, and what are the growing industries that today’s university graduates should be focusing on?
Should you be concerned about a drop in the bond market? Today, Doug Goldstein, CFP® looks at reasons why a bond may decrease in value, and what you can do if you decide to invest in bonds instead of stocks.
Follow Taylor Pearson at https://taylorpearson.me/ and get the first three chapters of his book for free here. Follow him on Twitter @TaylorPearsonMe.
Do financial laws make U.S. citizenship a burden for American expats?
Curtis Poe, a writer on U.S. expat issues, explains why many banks don’t want U.S. citizens as clients and describes the difficulties American expats may face in getting jobs.
Get a link to a free resource specially geared to American expats about opening a U.S. brokerage account from Israel.
Does the discrimination that American citizens face abroad make it worthwhile for expats to renounce their U.S. citizenship?
What are the most common financial myths? On today’s show, host Douglas Goldstein CFP® debunks financial myths, such as not being able to transfer funds to/from America or that you always have to support your adult children.
Follow Curtis Poe on: http://www.overseas-exile.com/
To become a top investor, you need to develop certain personal qualities.
Award-winning speaker and author Corey Poirier explains why personal passion and knowing your goals are necessary for financial success. Find out why learning how to deal with failure is important to success.
For more information about Corey Poirier’s public speaking course, click here.
Follow Corey Poirier’s other work at - http://thepassioncure.com/ and on Twitter @thatspeakerguy.
Today’s show features financial advisor Joe Saul-Sehy as a guest co-host, along with regular host Douglas Goldstein, CFP®. The discussion focuses on why dividends are an important part of an investment and why it’s not a good idea to include working after retirement as part of your financial plan.
Follow Joe Saul-Sehy at www.stackingbenjamins.com and on Twitter @AverageJoeMoney
Thinking of early retirement?
Darrow Kirkpatrick, author of Can I Retire Yet? and Retiring Sooner, shares how he retired early (age 50) and discusses the investing strategies to make early retirement possible.
Find out how to estimate how much money you’ll need in retirement.
If you retire early, consider when your pension payments will begin. Should you apply to claim Social Security early (age 62) or wait until you later (age 70), when the benefits are greater?
Listen to the show to find out more about Social Security, spousal benefits, and outside pensions.
Follow Darrow Kirkpatrick at:
http://www.caniretireyet.com
Many investors find the idea of socially responsible investing (SRI), appealing. What makes a company socially responsible? How can you solve ethical dilemmas that can arise in business?
Rabbi Shaya Karlinsky, head of Darche Noam institutions, explains how Jewish thought can answer some of the most difficult moral questions in the investment world today.
Should you invest in a self-driving car company that pre-programs its cars to kill pedestrians? Is it appropriate to invest in a tobacco company?
Apart from moral issues, another question that investors often ask is what form their investment should take – stocks and bonds, or real estate? Find out what you need to know about investing in real estate and being a good landlord.
Follow Rabbi Karlinsky at: www.darchenoam.org and on Twitter @Shapells.
Do the government’s inflation and unemployment figures really give an accurate picture of the economy?
Economist John Williams defines inflation and unemployment statistics and explains what these figures reveal about living standards.
How do inflation and unemployment statistics affect investors, especially if those investing in TIPS (Treasury Inflation Protected Securities)?
Follow John Williams at www.shadowstats.com and on Twitter @shadowstats.
Also, in this financial podcast, find out how to manage your money when you live outside the United States. How should you plan your retirement, and what should you do with your IRAs?
One of the biggest problems facing young adults today is student loan debt and the cost of higher education.
David Carlson, founder of the millennial personal finance blog Young Adult Money and author of Hustle Away Debt, discusses whether debts incurred by tuition fees are really worth it.
Find out how to get out of debt, what “side hustles” are, and how they can help you improve your financial situation.
Follow David Carlson at: www.youngadultmoney.com and on Twitter: @davidcarlson1
Taking on personal debt is a personal decision. But what happens when governments take on too much debt?
Find out what Doug Goldstein CFP® thinks about The Courage to Act: A Memoir of a Crisis and Its Aftermath, which was written by Ben Bernanke, Chairman of the Federal Reserve Bank. How dependent is one of the world’s most powerful and influential economies upon one man, and is this always a good thing?
Read Doug’s book review here.
Are you looking to avoid making investment mistakes?
Then, this week’s episode is for you. The first thing to do if you want to avoid investment mistakes is to understand your financial portfolio and clarify your financial goals.
Every investment should be understood as simply one part of the financial picture. Coordinate your investments and make sure that you are diversified.
Download the free resource Watch out for this investment mistake to help you avoid making common investing mistakes.
Want to become as rich as a king?
Trying to manage your money better? Trying to understand your investment portfolio in a way that optimizes on growth? Doug Goldstein and Susan Polgar co-authored Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. The book explains how winning chess strategies can be applied to your investment portfolio. Find out how you can make the right moves with your investment portfolio and become a strategic investor.
Download the free resource: Watch out for this investment mistake
How should you manage your retirement nest egg?
Managing your retirement portfolio is complex and it’s different for every retiree. Every investor wants to keep their nest egg safe.
What is the best way to protect your nest egg from breaking?
How should you manage your money at each stage of your retirement?
Listen to the podcast to discover the three things you can do to stop your retirement nest egg from breaking.
Download the free resource 3 Steps to Stop Your Retirement Nest Egg from Breaking to learn more.
Planning for Retirement
Are you planning on retiring in the near future, but do not know what financial moves you need to make first?
Everyone has different retirement needs, but there is a common series of steps you can take to plan for retirement. Learn more about retirement planning at Doug Goldstein’s corporate website. Redefine how you think about your retirement.
Download the free resource: 3 Steps to Stop Your Retirement Nest Egg from Breaking
American tax laws originally enacted to combat money laundering and terrorism adversely affect the millions of American citizens living abroad.
Colleen Graffy, a former United States Deputy Assistant Secretary of State for Public Diplomacy and Professor of International Law at Pepperdine University, explains why FATCA (Foreign Account Tax Compliance Act) restrictions are unfair to law-abiding U.S. expats. Did FATCA lower the value of U.S. citizenship?
Follow Colleen Graffy on Twitter @Colleen_Graffy
Whether FATCA applies to you or not, you need to prepare for retirement. Consider whether dividend-paying stocks are appropriate for retirement savings. Find out more, and also how to download a free copy of The Retirement Planning Book, written by Douglas Goldstein CFP®, by listening to today’s show.
When was the last time you thought about your investment goals?
Every investor has a different reason for investing. The three primary reasons for investing are
- growth
- supplementing your income
- divestment
Once you know why you are investing, it is easy to find the most appropriate investments to meet your goals.
The free resource Three Goals of Investing – Which One is Yours is a comprehensive overview of the primary reasons behind investment portfolios and how investors can shape their portfolio based off their specific goals.
Download the free resource: Three Goals of Investing – Which One is Yours?
Once you know your investment goals, make sure you have the temperament to withstand volatility both within the stock market as a whole and in your own portfolio.
Are you a cross-border investor living a multi-currency lifestyle?
Specifically, do you live in Israel but your money lives in America?
Living a multi-currency lifestyle comes with its own series of complications. You need to convert currencies, be concerned about volatility in different markets, and keep in mind economic shifts and investments in different countries.
The Goldstein on Gelt Show was created for Americans living in Israel. In a regulated financial world, an investor needs to really understand the market. Expand your financial understanding with the free resource How to Manage a Multi-Currency Lifestyle . Get this high-level overview of currency trading and tips on creating a financial portfolio that’s designed for your lifestyle.
Download the free resource: How to Manage a Multi-Currency Lifestyle
Have you ever made an investment mistake?
Investors make mistakes without even realizing it. Take a moment to think about how you coordinate your investments, and what motivates your financial decisions.
For instance, how do you decide to design your portfolio or diversify your accounts? Are you a DIY investor or do you prefer to use a money manager? Hopefully, by becoming a strategic investor you can learn to avoid investment mistakes.
The free resource Watch Out for this Investment Mistake is a comprehensive summary of mistakes made by investors. Download it free, here.
For further information on strategic investing, read Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing and start making wise investment decisions.
Download the free resource: Watch Out for this Investment Mistake
Where do you get investment advice?
Have you recently joined the investment world and don’t know where to turn for advice? Do you have unanswered questions about your investments? Are you wondering what options you have? Send your financial questions to The Goldstein on Gelt Show!
Download the free resource: Watch Out for This Investment Mistake
Who is managing your money? Who is giving you financial advice?
How do you know you’re asking for advice from the right source?
Any financial advice you receive should be customized and personalized to meet your current financial situation.
The free resource Is The Right Company Managing Your Money explains how all of your investments should be reviewed and by who.
Download the free resource: Is The Right Company Managing Your Money?
Recently received an inheritance in the United States?
Have you recently received an inheritance from the United States but are living in Israel? Every inheritance is different. Someone may inherit two brokerage accounts and an IRA while someone else’s inheritance is completely different. Know where to find the right advice.
What should you do with your inheritance?
Receiving an inheritance can be complicated especially if you receive a U.S. inheritance and are living in Israel. But it doesn’t have to be. The Inheritance Book was written for every Israeli citizen that recently received an inheritance from America.
Should you buy stocks now?
Are today’s market conditions conducive to buying stocks?
The truth is the market is unpredictable. There is no perfect time to buy stocks. No one really knows how the market will move, and there’s no guarantee of returns.
So why should you invest in the stock market? There is one over-arching reason someone should invest in the market: if you think tomorrow’s financial future will be better than today. If you’re an optimist and think the best is yet to come, then perhaps you should start investing. The free resource The #1 Reason You Should Buy Stocks Now can answer your questions about the stock market.
Download the free resource: The #1 Reason You Should Buy Stocks Now
The video What Do I Need to Know About Investing in Stocks? explains which kinds of investors should invest in stocks, how investors can get into the stock market, and what kinds of information you can find out about a stock.
Are mutual funds safe investments?
The word on the street is that mutual funds are “safe” because they are a diversified investment, but is that really true?
Can mutual funds have risk? In other words, can you lose money with mutual funds?
Listen to today’s show to learn more about mutual funds and the risk they have. What makes a fund conservative, moderate, or aggressive?
How do smart investors use mutual funds to diversify their portfolio and minimize risk? It’s important to understand the details of any mutual fund you have in your portfolio.
Finding a brokerage firm Have you recently been asked to close your account simply because you don’t have an American address? While some investment firms decide not to work with expats, others welcome an expat’s legitimate business. If your U.S. brokerage firm kicked you out, get in touch.
The free toolkit Opening U.S. Brokerage Accounts for Overseas was created for investors living who want to open a U.S. brokerage account. Download it now!
Are you interested in increasing your retirement income?
After retirement, retirees typically support themselves on their work pension, government pension, and investments. Unfortunately for most retirees the sum isn’t enough, and they need ways to increase their retirement income.
Are you receiving enough income from your investment portfolio? There are ways to organize your investments in order to increase income. For investors who are looking to increase their retirement income, Doug outlines their options.
Changing your investment portfolio Have you considered different types of income producing investments such as CDs, bonds, and dividend paying stocks?
Download the free resource How Can You Increase Your Retirement Income. The resource is a comprehensive overview of how to increase your retirement income.
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
Download free resource: How Can You Increase Your Retirement Income
Do you keep money in the bank and not the stock market?
Having money in the bank can offer investors a sense of security. But, leaving money in the bank can impact your long-term financial plan.
There are times when it’s appropriate to keep the bulk of your savings in the bank, and other times when investing in the market may be a better alternative.
The right answer as to what you should do with money in the bank depends on your financial goals, your risk tolerance, and your time frame.
Doug created the free resource What Should You Do With Money in the Bank. The summary features the advantages and disadvantages of keeping your money in the bank. Download it now!
Download free resource: What Should You Do With Money in the Bank
Getting into the Stock Market What kinds of risks are you interested in taking as an investor? Today’s episode explains how investment decisions are dependent on an investor’s personal interest in risk.
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
Have you recently received an inheritance?
Did you inherit a brokerage account, an IRA, a bank account, real estate, or property in Israel?
Receiving an inheritance can be complicated. Each type of asset has its own way of being passed onto the heir. Inheriting an IRA is different than inheriting other assets, and in order to maintain the tax-beneficial status the paperwork needs to be done in a specific manner.
Download the free resource, “What You Need to Do After You Inherit an IRA” which summarizes the specifics of inheriting an IRA.
Receiving an inheritance The Goldstein on Gelt Show highlights the specifics behind receiving different inheritances.. Have an unanswered question about inheritances? Reach out to The Goldstein on Gelt Show through the Contact Us bar on the homepage and get answers to your financial questions.
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.
Download free resource: What You Need to Do After You Inherit an IRA
One of the characteristics of bonds is that they are predictable.
That means, when you buy a bond you generally know how much income you will get and when. However, there are a series of unexpected risks associated with bonds. There are no guarantees in the world of investing. Before you begin to invest in bonds you should understand the possible risks involved.
Doug created a free resource titled Risks of bond investing. The resource highlights different risks associated with bonds including interest rate risk, credit risk, and default risk.
Throughout the month, The Goldstein on Gelt Show discussed the fundamentals on bonds. On November 28th, the show will host a free webinar titled How to Invest in Bonds for Safety and Income. The webinar is designed to be a conversation surrounding the principles of bonds. Register today. Seats are limited.
Download free resource: Risks of bond investing
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Even though a bond is considered a loan to a corporation/government/municipality, different types of bonds function differently. In fact, there is a difference between U.S. and Israeli bonds.
The difference between U.S. and Israeli bonds is specifically in municipal bonds. Municipal bonds are a specific kind of bond that are free from local, state, and federal tax. In an effort to get investors to support municipal bonds, they are frequently tax-free in America. However, these bonds are not recognized as tax-free in Israel. Therefore, the yield they have may not be a “true” yield taking foreign taxes into account.
Learn about what types of bond are appropriate for you. Should you invest in U.S. or Israeli bonds?
Defining your portfolio The Goldstein on Gelt Show has created a free resource “How to Choose the Right Type of Bond for You.” The resource features the different characteristics of municipal bonds, corporate bonds, and U.S. government bonds.
On November 28th, The Goldstein on Gelt Show will host a free webinar titled How to Invest in Bonds for Safety and Income. Register for the webinar and discover if bonds are an appropriate investment for you.
Download free resource: How to Choose the Right Type of Bond for You
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Are you considering buying a bond?
When investing in bonds there are a lot of components an investor should consider:
What is unique to the specific bond you want to buy? What is its maturity? Yield to maturity is a defining feature of a bond because it determines an investor’s return of investment and interest. Make sure you understand what you are getting into before investing in bonds.
Bonds are complex The Goldstein on Gelt Show has created a free resource titled What You Need to Look at When Buying Bonds. The resource breaks down everything an investor considers when buying a bond.
On November 28, Doug will host a free webinar titled “How to Invest in Bonds.”
Webinars are a way for investors across the globe to understand a financial concept. Register for the webinar.
Download free resource: What You Need to Look at When Buying Bonds
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Bonds aren’t only for retirees. Most investors at every stage of life have bonds in their portfolio. Should you include bonds in your investment portfolio?
Why should an investor have bonds? At what time in an investor’s life are bonds important?
Bonds are popular since they give current income on a predictable schedule. This type of investment is fundamentally different than stocks. Bonds come with different risks and different rewards.
Trying to understand the world of investing? Join a free webinar that Doug is presenting on November 28 “How to Invest in Bonds for Safety and Income”. Register for the webinar.
Download a free resource “Getting Started with Bonds.” The resource is designed to outline the fundamentals of bonds.
Download free resource: Getting Started with Bonds
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How to Make Money in the Stock Market Month is coming to a close. Today’s show will be a recap of what The Goldstein on Gelt Show covered about the stock market during the month and what subscribers can expect next month. If you subscribed to The Goldstein on Gelt newsletter, Doug has sent you an invite to today’s webinar. If you did not have the opportunity to attend the free webinar, but want to watch, email me and I’ll send you a link to the replay. In the past month, Doug unpackaged a series of investment topics including ETFs, mutual funds, stock picking, and stock trading. In the webinar, Doug will discuss money managers, cross-border advisors, and other financial professionals who can help investors with their portfolio. If you’re interested in getting a small primer before you listen to the webinar, tune in. Get ready for September The month of September will be Inheritance Month. Doug will discuss topics surrounding getting and managing an inheritance. If you have recently received an inheritance, hang tight till next month and Doug will have some valuable advice for you. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Are you considering stock trading as a way to make money? Don’t! While stock trading may pump up your adrenalin, it hasn’t necessarily been proven to drive up your market returns. If you’re wondering why stock trading isn’t as great as it is cracked up to be, download Doug’s free resource that explains why. The resource uncovers why stock trading is a bad investment strategy. Doug explains why stock traders don’t do well and what investment strategies do work. Download free resource: Here’s Why You’ll Make More Money If You DON’T Trade Stocks Are you registered for next week’s webinar: The How to Make Money in the Stock Market? To learn more about the upcoming free webinar How to Make Money in the Stock Market, subscribe to our newsletter at GoldsteinonGelt.com. That way you’ll be sure to get an invitation to join the webinar. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How do you protect your investments? Doug created a free resource containing ten steps to help you protect your investments from hackers. These ten steps are effortless and practical. Download Protect Your Investments from Hackers with These 10 Easy Steps. Keep all of your investments secure before investing. Download free resource: Protect Your Investments from Hackers with These 10 Easy Steps
Do you want to become a better investor? Doug recently announced that he is creating an online financial course. There will be upcoming updates, but if you are interested in an in-depth, highly informative, online financial course, sign up for The Goldstein on Gelt newsletter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Did you get a “Dear John” letter from your U.S. brokerage account informing you that your account will be closed? A Goldstein on Gelt Show listener recently received a letter from their U.S. brokerage firm dropping them as a client. The listener wants to know if there is an easy way to open a U.S. brokerage account from Israel. And there is! There are U.S. brokerage firms that work with cross-border investors every day. Profile Investment Services, Ltd. is a Jerusalem based investing firm that works with cross-border investors. Doug has created a free resource with six steps an international investor should follow when opening a U.S. brokerage account. The free resource titled The Easy Way to Open a U.S. Brokerage Account When You Move to Israel will make international investors prepared for the transition. Download free resource: The Easy Way to Open a U.S. Brokerage Account When You Move to Israel What would you like to learn in a financial investment course? Doug is creating an online financial course. The course is still in its creation phase, and Doug is asking The Goldstein on Gelt Show listeners what financial questions they would like to have answered in the finished course. Send me an email with your input. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do you and your spouse have a financially stable marriage? In honor of his 26th wedding anniversary (BatSheva - looking forwards to many more!!!), Doug created a free resource to help you make sure you and your spouse are mindful of how money affects your marriage. You can build a financially stable marriage in different ways: you can jointly review your financial statements regularly, stay away from debt, or go shopping together. Download a series of practical tips for a financially happy marriage: Handling Money for a Happy Marriage. Download free resource: Handling Money for a Happy Marriage What are 3 ways an investor can make money? Ron Zalben of Aboulafia Avital Shrensky & Company joins Doug for today’s tax tip. Do you know the different tax ramifications on interest from bonds and dividends? Ron explains their differences in-depth. To reach out to Ron Zalben, contact ron@aboulafia.co.il. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
How can couples have better financial communication? Doug defines six ways spouses can keep the lines of communication open. Whether it is discussing money in a certain way or scheduling a meeting with your spouse, Doug’s free resource How to Talk to Your Spouse When You’re Careful with Money and He’s a Spender will keep all of your financial conversations on track. Download free resource: How to Talk to Your Spouse When You’re Careful with Money and He’s a Spender
Are your U.S. tax returns in order? CPA Yosefa Huber discusses the importance of making sure your U.S. tax information is accurate. If you are not completely confident in your U.S. tax returns, make sure to see a qualified tax professional. To learn more about Yosefa Huber and how she helps Americans in Israel with their American tax obligations, go to www.hubertaxcpa.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Anti-money-laundering rules have become stricter since 9/11, in order to stop terrorism at the financial level. How does AML (anti-money-laundering) legislation affect international investors? David Kuenzi, a certified financial planner with Thun Financial, explains why AML legislation has made opening an American brokerage account from overseas difficult. David clarifies how the Patriot Act has changed the way financial institutions do business with American citizens residing in foreign countries. While it is not illegal for an expatriate to have a financial account in the U.S., a financial institution’s perspective is much more complicated than the legality of the account. David and Doug advise how to find a cross-border advisor who can address your needs. Are you an American citizen living abroad? Doug has a checklist for American expatriates living in a foreign country. If you’re moving to a foreign country, learn how to keep your U.S. Ira and brokerage accounts open after you move. Download this free resource here. Download Free Resource: U.S. IRA and Brokerage Accounts Open After You Move to Israel Checklist David made his first appearance on The Goldstein on Gelt Show in late 2017 on an episode titled How Cross-Border Investors Can Manage Their Money Better. To contact David, visit his company’s website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Americans living abroad still need to pay U.S. taxes, so if you are an oleh, it might be a good idea to find an American CPA in Israel. Why would an American CPA in Israel be better than hiring an American CPA who sits in America? Yosefa Huber, an American CPA in Israel answers this very question. She helps American citizens living in Israel stay compliant with U.S. tax laws. Yosefa explains why American citizens, even those living abroad, aren’t exempt from filing a U.S. tax return. She also debunks some of the misguided excuses from U.S. expats who think the American tax code doesn’t apply to those living overseas. (Note that I’m a financial advisor, not a tax advisor. Speak with a professional accountant for tax advice.)
Get your pens ready for a checklist Doug has created a simple checklist titled Checklist for Americans in Israel to Choose Financial Advisors. The checklist covers all the major questions an American living in Israel (or any other foreign country) should ask before choosing a financial advisor. For more information on choosing a financial advisor, watch Doug’s video How to Choose the Right Financial Advisor for You. Download free resource: Checklist for Americans in Israel to Choose Financial Advisors To learn more about Yosef Huber visit her website, or follow her on Twitter @yosefaCPA. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do PFICs (Passive Foreign Investment Companies) deserve a bad rap? Why do Doug and his guests tell listeners “don’t invest in PFICs.” Today’s guest, Stacy Collier, will explain exactly why an investor should avoid PFICs, otherwise known as offshore mutual funds. Stacy Collier, a U.S. based CPA, specializes in helping U.S. citizens manage their money from abroad. Stacy outlines the good, the bad, and the ugly about PFICs. She explains how the IRS. deals with PFICs and describes the red tape that owning a PFIC create. Before you invest in any investment, know the pros, cons, and risks.
Should we read your listener letter? Doug answers a listener’s question about portfolio structure. “Rich” asks if it’s a good idea to change your asset allocation later in life. Doug offers insight into bonds and bond funds and explains how Rich’s investments are affected by the difference. Learn more about Stacy Collier and PFICs by downloading this chart, or visiting her website SDC CPA Tax Services. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Is investing in the global economy really that important? Andrew Vonnegut, author of Inside the Global Economy: A Practical Guide, is an expert in global economics. He explains why global economics should matter to individual investors. Events like wars and market crashes affect every corner of the world. How can investors best prepare for the ripple effect to reach their portfolio? Andrew gives practical advice on how to pick investments in an ever-changing global economy. If you ever wondered about why you should worry if a foreign currency falls, listen to this episode to learn about the interconnected global economy. Is global investing a path to wealth? Doug emphasizes the importance of diversification and explains what that means in the context of the global market. Refer to his free resource called Is Long-Term Global Investing Still a Path to Wealth? To learn more about diversification, listen to The Goldstein on Gelt Show episode called How to Make Good Investment Choices, featuring Paul Merriman. Download Free Resource: Is Long-Term Global Investing Still a Path to Wealth? Visit Wolandia.com to follow Andrew Vonnegut’s work. Read his book Inside the Global Economy: A Practical Guide. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Stock market bubbles have a way of putting the financial world into on edge as they try to attempt to predict when it will burst. Is there a way to predict a bubble? Bubbles transform entire industries including the technology bubble of the 1920s and the 1990s transformed entire industries. Are we on a cusp of another bubble? William Goetzmann, a Professor of Finance at the Yale School of Management, researches the phenomenon of market bubbles. He explains the characteristics of a bubble and the circumstances that create them. Six reasons people buy mutual funds Doug outlines the reasons why people buy mutual funds and makes a convincing case for investing in a money manager in How to Make Money with Mutual Funds. Download the PDF for more information on investing in mutual funds. Free download: How to Make Money with Mutual Funds To learn more about William Goetzmann read his book, Money Changes Everything: How Finance Made Civilization Possible, or follow him on Twitter or the Yale website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Would you trust a computer to make your stock trades? Well, that’s exactly what algorithmic trading does. Bert Mouler, founder and CIO of Profluent Capital, develops artificial intelligence that creates an algorithm for optimal trading. Bert explains what algorithmic trading is and how it differs from robo-advisors. He explains why algorithmic trading is efficient, and assures investors that the computer is simply a tool, not the advisor. Is this investment strategy right for you?
Get to know your financial advisor When a U.S. citizen leaves the country, many American brokerage firms drop them as a client. Being asked to transfer your account out, can be disheartening, but it doesn’t have to be. Doug helps expats in exactly this position, and many of his new clients believe that having an advisor in their new country is actually better than keeping their old advisor who may not be fluent in cross-border issues. Doug has put together a free resource on finding the right advisor in a new country called How to Choose the Right Financial Advisor. Download free resource: How to Choose the Right Financial Advisor You can follow Bert Mouler on his website, Profluent Capital, by email, Twitter, or on LinkedIn. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Why are many millennials broke? Is there negative cash flow due to circumstances beyond their control or poor money management? Erin Lowry ,author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together, is an American expatriate with an unusual financial perspective. Erin’s international experience made her view the millennial generation through a different lens. Are you guilty of the observations she makes of the broke millennials generation? Learn how millennials can make better financial decisions early on in their career to avoid this financial epidemic.
Thank you, Saul, for your letter The Goldstein on Gelt Show listener, Saul, wrote to Doug asking for advice on his personal financial situation. Saul wants to know how you can invest your money and still be able to access it easily. After all, it’s your money and you should be able to use it when you want. Doug offers practical advice for investors about liquidity. Learn more about Erin Lowry on her a website Broke Millennial, or follow her on Twitter and Instagram. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Is the corporate world an ‘insiders only’ club, or do ordinary shareholders have a real say in the company? Learn how shareholder activism may be changing the face of corporate America. Jeff Gramm, a portfolio manager at Bandera Partners, adjunct professor at Columbia Business School, and author, discusses what shareholder activism means for companies in the long run. Jeff gives examples of how shareholders can make significant changes to a company’s board of directors. How shareholders can have a voice in corporate decisions?
Are you working with the right financial advisor? Doug put together a sheet for investors called What All Investors Need to Know About Their Investment Accounts. One of Doug’s recommendations is having an open channel of communication with your financial advisor. To better understand what a financial advisor does for you and your portfolio, watch this video. Free download: What All Investors Need to Know About Their Investment Accounts Learn more Jeff Gramm on his website or read his book Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism. Also, follow him on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Why do people like to invest in gold? Investing in gold is like purchasing wealth insurance, but why? Rich Checkan, president of Asset Strategies International, and Doug explore the benefits of owning and investing in gold. Rich explains how gold always keeps its value, what he refers to as wealth insurance. He shares the best ways to store gold and how to sell gold when it is time. He warns listeners to only deal with reputable dealers and advises how to find one. Listen in to learn more about this precious commodity.
The wealthy and the non-wealthy have the same worries Wealthy and non-wealthy people are bound to have some of the same financial concerns. Doug assures the audience that all people have financial worries. He compiled a list called Worries of the Wealthy for any investor. You just might find we’re all the same. Free resource: Worries of the Wealthy Rich Checkan can be contacted through Asset Strategies International. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Conventional wisdom says that if you want to be in good financial standing, you need to be debt free. However, is all debt bad? If you take into consideration tax breaks and liquidity, can debt be considered financially sound? Tom Anderson, CEO of Supernova Companies and author of The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth, shares his financial philosophy which revolves around balance. Tom argues that debt may have long-term financial gain because debt gives someone liquidity and flexibility. He also breaks down debt into three groups and warns about oppressive debt. Should you pay your mortgage off? Listen to what Tom has to say. Issues widows and widowers need to face in financial decision-making Losing a spouse is life-altering. But does it need to change your financial status? Death opens up unforeseen heartaches, and Doug has created a comprehensive financial guideline for widows and widowers called Answers to Tough Financial Questions for Widows & Widowers. Free resource: Answers to Tough Financial Questions for Widows & Widowers Learn more about Tom Anderson by reading his book The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth or follow him on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Professional stock researchers can serve as stock pickers for investors who don’t know where to start. Is it better to pick your own stocks or to use a professional stock picker? Tao Wang, a portfolio manager for Alpha Architect, explains how to begin researching stocks. He outlines the differences between value, growth, and momentum stocks. He also emphasizes the importance of having multiple qualifiers when choosing a stock. If you are lost on how to start to build your portfolio, listen to today’s episode. The nine steps to build a good money relationship with your spouse Doug has put together a process called The Secrets of Talking to Your Spouse About Money for couples who need to get on the same page regarding their finances. These steps are down-to-earth suggestions that will make financial discussions a little easier. Free Download: The Secrets of Talking to Your Spouse About Money Tao Wang can be contacted through Alpha Architect. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Welcome Generation Y! The United States is in the middle of a millennial economy thanks to the largest population boom after the baby boomer generation. What does this millennial economy mean for investors? Our guest, Ken Gronbach, author and demographer, has a very optimistic opinion. Ken, a human capital analytics expert, explains why demographics define an economy. What’s the most important thing for any business to succeed? Quality people! Listen to learn why Ken has high hopes for the American economy and Generation Y. How to choose investments that give you income Download the free resource “Simple Tools for Increasing the Income You Get From Your Investments” and learn potential ways to increase the return of your investments. Doug explains why an investor would want to focus on income-based investments and which investments can be used to supplement your income. Free download: Simple Tools for Increasing the Income You Get From Your Investments To learn more about Ken and demographics, read his books The Age Curve: How to Profit from the Coming Demographic Storm and Upside: Profiting from the Profound Demographic Shifts Ahead. He can also be contacted through KGC Direct. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
There’s more to financial advising than making a client money. How can a financial advisor make the markets more humane? Mihir Desai, professor of finance at Harvard and author of The Wisdom of Finance: Discovering Humanity in the World of Risk and Return wants to demystify financial markets and make them friendlier. He warns the audience that the financial system is broken, and proposes a fix: change how investors and financial advisors view the financial world. He also describes why many people avoid the financial sphere and suggests a less intimidating financial advising approach. The easy way to invest around the world America has some strict policies regarding overseas investments. But, having a global portfolio can be a smart financial strategy. Doug created a list of investment choices you can use to build a more diversified portfolio. Learn about these choices by a PDF, The Easy Way to Invest Around the World. Free Download: The Easy Way to Invest Around the World To dig a little deeper into this subject of international investing, watch a video about the multi-currency lifestyle as well as, Separately Managed Accounts. Lastly, if you want some more information about offshore mutual funds, then listen to a previous episode of the Goldstein on Gelt show called Should You Own Traditional Real Estate or REITs? To learn more about Mihir Desai read his book The Wisdom of Finance: Discovering Humanity in the World of Risk and Return or visit his website www.mihirdesai.org. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Traditional investing focuses on individual funds, bonds, and stocks. Top-down investing is actually based on a market overview. But, how does an investor know a trend when they see one? Callum Thomas is the founder and head of research for Topdown Charts, a company specializing in macroeconomic studies. Callum defines top-down investing and explains how data is the most important tool for a top-down investor. He talks about how geopolitical events, could affect data. If you like to stick to the numbers in your financial planning, then tune in to learn more about this analytical investing approach. Coping with the financial aspect of widowhood Doug has put together a one-page resource for recent widows and widowers. The loss of a spouse and tough emotions come hand-in-hand. Many people have the extra stress of financial issues. Doug’s resource Answers to Tough Financial Questions for Widows and Widowers is a primer to navigating the financial side of losing a spouse. Free Download: Answers to Tough Financial Questions for Widows and Widowers To learn more about Callum Thomas visit Topdown Charts or follow his company on Twitter and LinkedIn. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What happens when your financial planning backfires or doesn’t account for the worst-case scenario? Harold Evensky is a Certified Financial Planner ® who has some evergreen advice for investors. Harold meets with many investors who share the trait of being overconfident in their financial decisions. He explains how a financial planner, like himself, can help them see the big picture. Today’s guest is Harold Evensky, a Certified Financial Planner ®. He explains how he helps clients prepare for the unplanned for circumstances. He uses a technique called “framing” to help investors look at the big picture and really understand what risk means. Often an investor’s overconfidence will cause them to ignore some very real possibilities. Be warned: certainty and safety are the not the same thing in financial planning! How to be prepared for a job loss Do you work in an unstable work environment? An unstable work environment could be a startup or high-tech company or someone who works on commissions. Doug has tips for someone who may not have a steady source of income. While saving all you can is great advice, it may be worthwhile to create alternate sources of income like Real Estate Investment Trusts (REITs.) Download a list of tips on How to Manage Your Investments When Your Main Income Source Could Collapse at Any Moment. Free Download: How to Manage Your Investments When Your Main Income Source Could Collapse at Any Moment Learn more about Harold Evensky at www.evensky.com, or read his book, Hello Harold: A Veteran Financial Advisor Shares Stories to Help Make You Be a Better Investor. He’s offering free copies to the first 20 Goldstein on Gelt listeners who contact us through the Goldstein on Gelt website. Please include your name and address with your message. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Every investor needs an investment strategy, and there are many good strategies an investor can consider. Do you know your options and what each investment strategy can offer you? Tune in to learn more about the most common choices. Colleen Jaconetti is a certified financial planner and senior investment analyst with Vanguard Investment Strategy Group. She lays out the most popular investment strategies that investors use in everyday investments. She focuses particularly on the “Dynamic Retirement Spending” strategy, an investment strategy that can give an investor “the best of both worlds” in financial planning. She explains what the strategy is and why it is the most balanced option for an investor. The dos and don’ts of a financial windfall Doug has put together a list of tips called The Best Way to Invest an Inheritance: What You Should and Shouldn’t Do with a Windfall. (meant as link) He lists all the reasons why getting a sudden windfall like an inheritance can be stressful and lead to bad decisions. To dive deeper into this subject, register for Doug’s webinar called How to Invest an Inheritance. Learn more about Vanguard Investment Strategy Group at their website. For more information about Colleen Jaconetti, read some of her blogs for Vanguard’s site. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
American citizens abroad need to pay taxes both to their host country as well as Uncle Sam. What is being done to minimize the tax burden on these Americans? American Citizens Abroad (ACA) is leading the fight for tax reform. Marylouise Serrato, executive director of American Citizens Abroad, explains their position on international American citizens’ tax rights. Americans living abroad are currently being taxed by both the U.S. and the foreign government where they live. Glen Frost, certified public accountant and tax law expert at Frost and Associates, also joins the conversation to promote the proposal Marylouise and the ACA are presenting to the U.S. Congress to reform the current system. Listen to the discussion of how and why U.S. tax international laws need reform, and what you can do to help the cause. American taxation on dual citizens has international repercussions, as the rest of the world is closely watching this issue. The 6 lessons you need to learn for financial success Doug lists some practical tips every investor should follow. To download the full list of lessons, click here. Free Download: 6 Lessons for Financial Success To follow Marylouise Serrato and American Citizens Abroad visit www.americansabroad.org. To contact Glen Frost visit the Frost and Associates website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Is Bitcoin a virtual currency or a “real” currency? Can a viable currency be independent of a government or bank? Why don’t you see people buying their morning coffee with bitcoin? Brian Patrick Eha, author of How Money Got Free: Bitcoin and the Fight for the Future of Finance, explores the development and phenomenon of digital currencies, including Bitcoin. Brian shares the history of Bitcoin and explains how it works. He also suggests who could benefit from this kind of currency and delves into why it could be more relevant in the future. Second marriage? Should you blend your finances? While second marriages are a great joy, they can bring a unique set of financial challenges to the new family. Doug presents a list of steps for couples who are entering or are currently in their second marriage. Download Managing Money in Second Marriages to strengthen your family’s finances. Free Download: Managing Money in Second Marriages. Follow Brian Patrick Eha on Twitter, and read his book How Money Got Free: Bitcoin and the Fight for the Future of Finance. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Believe it or not, your financial planner’s track record isn’t as important as their financial philosophy. This is because your financial planner’s main job is to help you gain a sense of control over your financial future, not pick the next hot stocks. There are no quick tricks –financial planning is a process that takes time, especially if you just received an inheritance. Marguerita Cheng, CFP® and CEO of Blue Ocean Global Wealth, describes what it takes to be a successful financial planner… and a good financial planning client. She stresses the importance of sharing information with your financial professionals, and why it’s necessary to fully understand your current situation before you create a plan. She explores why people tend to shy away from financial planning and how she encourages clients to change their thinking to be more positive. Listen to learn the questions investors should ask a new advisor. Will tax loss harvesting give you extra money? Doug offers a free checklist for investors who want to do some year-end housekeeping in their accounts. Tax loss harvesting may be a way to lower your taxes. Consult with a qualified tax professional before implementing anything on this list. Free Download: What to Do Before the End of the Year to Get Some Extra Money in Your Pocket Follow Marguerita Cheng on LinkedIn and Twitter, or on corporate website, Blue Ocean Global Wealth. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.[podcast src="https://html5-player.libsyn.com/embed/episode/id/6013083/height/48/width/490/theme/standard/autonext/no/thumbnail/yes/autoplay/no/preload/no/no_addthis/no/direction/forward/" height="48" width="490" placement="bottom" theme="standard"
Cross-border investing means you have money in more than one country. How easily can you access your money and what are the tax implications for investing in different countries? When an American citizen moves to Israel, or any other foreign country, there are many things they need to do keep their money accessible. What should international investors do to make sure their money is accessible even overseas? Tune in to find out! Doug shares the microphone with Monte Silver, a licensed tax lawyer in the United States and Israel. Monte helps expatriates who want to minimize tax problems that arise with cross-border investments. Monte breaks down the issues international investors need to consider, and shares common misunderstandings of U.S. tax law. He explains why real estate investments have the most tax issues attached to them. Advice for expats who keep their money in the United States Doug’s 20 years of experience in dealing with Americans living abroad who have U.S. brokerage accounts, motivated him to create a checklist of smart tips U.S. expats (read: olim) need to know about international investing. He offers a list of tactics for international investors getting ready for their big move. Download the list here. Free Download: Smart Tricks for Expats Who Keep Investments in the U.S. Monte Silver can be contacted through Eitan, Mehulal, & Sadot Advocates & Patent Attorneys and on LinkedIn. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. Note: Doug does not give tax advice. He’s a financial planner and an investment advisor. For tax advice consult a certified tax advisor. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Globalization connects the world and creates endless possibilities. But globalization is not a win-win scenario for everyone. How are your personal finances affected by a growing global economy? Professor Angus Deaton, Nobel Prize-winning economist and Professor Emeritus at Princeton University, joins the show to talk about the effects of globalization on the economy. He explains why there is still a clear division between the “haves” and the “have-nots,” and how we can even out the playing field. Professor Deaton says our education system may be part of the problem, and that technology could correct economic inequalities. What you need to know about early retirement Early retirement takes more work to plan than retiring at the standard retirement age. If you are considering early retirement, learn the 8 Rules for Early Retirement Success. How you prepare for your retirement makes all the difference. Download the list of Early Retirement Rules here. Free Download: 8 Rules for Early Retirement Success. To learn more about Professor Angus Deaton, read his book, The Great Escape: Health, Wealth, and the Origins of Inequality, or click here. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s ebook The Retirement Planning Book.
Contracts are an integral part of life. Many of our daily interactions include either a verbal or written contract. What contract is implied when you buy/sell investments? Oliver Hart, Nobel Prize winner and Economics Professor at Harvard University, explains “contract theory.” He defines what a contract is and how people enter into agreements. Listen to their discussion of bond contracts and other investment agreements that require a contract. Why do people frequently sign contracts that they may not fully understand? They also dive into the legal enforcement of contracts and the problems a contract can cause for both parties. Is your current bank or brokerage firm providing the services you need? Doug shares the story of a client who set up a U.S. investment account through his Israeli bank. He points out the folly of this decision (from an American tax point of view) and where the bank might have gone astray wrong with its financial planning models. To learn more about how to plan a bond ladder, watch this short video, Learn How to Make a Bond Ladder. If you’re not sure your current brokerage firm is giving you the service you need, watch U.S. Brokerage Accounts for Non-U.S. Residents. To follow Professor Oliver Hart visit his website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Note, Doug is an investment advisor and does not give tax or pension advice.
Joining Doug today are the panelists from the Money Tree Investing Podcast: Joe Saul-Sehy, Miranda Marquit, and Linda P. Jones. The discussion among four top financial podcasts focuses on the real issues brought up in listener questions. Send your questions, or tell me your biggest financial problem!
Should the goal of investing be to beat the market or to meet your personal financial goals? Spencer Jakab, editor of The Wall Street Journal’s column Heard on the Street and author of Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor, describes what happens when investors let media pundits (experts) and trends sway their financial habits. Frequently, individuals actively managing their own investments have lower returns than a completely passive strategy. Why is this? How can you tilt the odds of success in the market in your favor? Does following professional advice help? How about following media trends? Doug and Spencer talk about how to develop a mechanical investing strategy, and what steps you should take if you really want to beat the market. Take these steps if you want to retire early Doug shares a list of five tips he has for investors with their hearts set on retiring early. He shares the obvious things to do and maybe a couple of things you haven’t thought about… like running Monte Carlo Simulations. If you would like a copy of these tips about retiring early, download “What You Need to Know to Retire Early” here. Free Download: What You Need to Know About Retiring Early To learn more about Spencer Jakab, visit his website or follow him on Twitter at @SpencerJakab. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Like what you hear? Leave a review on Apple Podcasts. Click here if you have iOS 11
Most adult children eventually face the problem of having to help aging parents with financial decisions. What is the easiest way to have that discussion when the time comes? Carolyn Rosenblatt and Dr. Mikol Davis of Aging Parents offer non-threatening ways to begin the conversation and how to respond if a parent doesn’t want to talk about the subject. Approaching an aging parent about their intellectual (and fiscal) demise is a delicate matter. Related, is the subject of elder financial abuse. Sadly, there are people who will take advantage of a deteriorating mental and physical state. Listen to learn some common preventive measures you can take to protect the elderly. They cover conversations a family should have and conversations that should be revisited later on down the road. If you need a little advice on how to speak to your aging parents about their finances, tune in now. 8 mistakes that high earners need to avoid Doug received a listener letter from Matthew who asks for advice on how to control his expenses. Doug answers his question with a list called, The Worst Mistakes of High Earners and How to Avoid Them. Download the list here. Free Download: The Worst Mistakes of High Earners and How to Avoid Them To follow Carolyn Rosenblatt and Dr. Mikol Davis, go to Aging Parents, or look on Facebook and Twitter. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover/. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
If you were born between 1982 and 2004 you can be considered a millennial investor. This is because millennials were born near, or came of age, during the 21st century. Millennial investors are the largest generation in American history, and the most tech orientated. How does their reliance on technology affect their finances? Unfortunately, millennial investors have a reputation for being disinterested in face to face meetings. So, how does a financial planner effectively communicate with them? Stephen Rischall, one of Investopedia’s most influential 10 financial advisors, reveals his findings after working with millennial investors. Contrary to popular belief, millennials don’t hide behind text messaging and social media regarding their money decisions. Stephen assures Doug that the investors he works with are very committed to maintaining a close relationship with their advisor. He shares observations about family financial planning and why he believes that the millennial generation’s relationship with technology can be a good thing for their portfolios. Tune in to hear what you can learn from the “social media generation!”
What is the right way to discuss finances in your marriage? Doug tells about a recent meeting he had with a couple that demonstrates a great example of family financial planning. He explains why the couple impressed him and which of their habits are good for others to emulate. If you are in need of advice on how to include your spouse in the family financial planning, then Doug has some tips and habits for you! To learn more about Stephen Rischall visit his website www.1080financial.com and Twitter. Facebook users can also watch his live stream every Friday, Financial Fridays. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What does the perfect investment portfolio look like? Ken French, Professor of Finance at the Tuck School of Business at Dartmouth College, explains how to build a perfect investment portfolio. Since no one is the average investor, figure out how you are different from the average investor, and build your portfolio accordingly. Financial success isn’t built by choosing the right stock, but making investments with your goals in mind. Chasing the latest “hot stock” or basing your financial decisions on the financial news is not the ideal investment model. Instead, Professor French encourages investors to make sure their portfolios are designed to meet their financial goals in the most efficient way possible. Remember, efficiency doesn’t mean beating the market. Listen to learn why passive strategies might be best for you.
You really want this to happen, but could it ruin you financially? Doug examines what living longer means for your financial plan. He recalls a conversation he had with Professor Robert Merton about the economic impact of a long life. What can you do to avoid outliving your money? Today’s generation is expected to live longer than any generation before it. Doug has put together a summary of his discussion with Professor Merton. Download these notes to get quotes from the interview and three major tips Doug has for longer retirement plans. Free Download now: You Really Want This to Happen – But it Can Ruin You Financially Learn more about Professor French at mba.tuck.dartmouth.edu and at the Fama/French Forum. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
To protect your portfolio’s assets and keep investment gains, it is more important to buy at the right price or sell at the right price? Grant Williams, co-founder of the Real Vision Group and author of Things That Make You Go Hmmm… discusses the steps that investors can take to protect their investment portfolio. There is no guaranteed answer, however, there are decisions and precautionary measures that can minimize the possibility of losing money. Grant encourages listeners to watch their stocks and other investments carefully so they can be more proactive in their portfolio growth. He also has some sound advice for baby boomers who want to bolster their portfolios. So, how do rich people get richer? Doug has observed wealthy people and their habits over the years. He compiled his findings into a downloadable document, available here. This list is the perfect resource for anyone who wants to know how the rich stay rich. If you would like to adapt other habits of the wealthy read, Tom Corley’s article 16 Rich Habits, or listen to our discussions when he was on the show twice before. Listen here. To learn more about Grant Williams visit the Things That Make You Go Hmmm… website and Real Vision’s website. Follow him on Twitter at: @ttmygh To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Your portfolio returns can be affected by not only owning the right investment, but by making sure it is in the right type of account. Bob French, the Director of Investment Analytics at McLean Asset Management, gives insights on how investors can optimize their portfolio returns. Different investments grow at different rates, Bob helps investors put the right investment in the right type of account. He also shares the smartest withdraw strategy for retirees needing income (hint: it has to do with hiring a professional money manager). The most important thing to know when moving your money from America to Israel Doug has a list of tips for American expats (olim) who want to move their U.S. dollars abroad. He explains why it may be difficult to move money, and tells listeners how to avoid the delays and frustrations many international investors face. To access the whole list, click here. To follow Bob French, visit his website retirementresearcher.com, or follow him on Twitter @Robert_French. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Retirement is all about cash flow. After all, it’s your income that will determine your lifestyle in retirement, not your net worth. Jason Parker, Retirement Income Certified Professional, explains what the term “cash flow” means and why it is important for retirees to have a source of income. Should your net worth should be your main focus in retirement planning or your cash flow? Jason stresses that retirees needs to know where their money will be coming from and how to smartly manage it for optimum success. 8 Rules for Successful Investing in the Stock Market Doug lists eight rules he follows for investing in the stock market. If you have plans to put some money in the current stock market, take a look at this list before you investing. To learn more about Jason Parker and his retirement planning advice check out his book, Sound Retirement Planning, or listen to his podcast Sound Retirement Radio. For a limited time, Jason is offering a special discount offer for Goldstein on Gelt listeners: if you visit the Retirement Budget Calculator to get a better grip on your retirement planning. If you use the promotion code “gelt” while setting up your access to the calculator, you’ll receive 50% off the normal cost for 30 days. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do you ever dream about retiring early? Billy and Akaisha Kadarli share their story of how they managed to retire early, at age 38. Billy, a Wall Street investor, realized he and his wife needed to pull back from work to help their marriage. Billy chronicles the steps he took towards early retirement and explains how he keeps his portfolio healthy. Learn about his market approach as well as his main sources of income. If you want to retire early, here are some good benchmarks to use. Ever wonder how the rich stay rich? The wealthy aren’t wealthy by accident. It’s one skill set to get wealthy and another skill set to stay wealthy. Doug collected tips from people who have made money and managed to keep their wealth. To see his compilation of “How You Can Make and Keep Money Like the Rich Do”, enter your email into the form below: (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//forms.aweber.com/form/94/855132094.js"; fjs.parentNode.insertBefore(js, fjs); }(document, "script", "aweber-wjs-byymylymf")); To get more of Billy and Akaisha Kadarli’s early retirement advice, go to their website www.retireearlylifestyle.com, If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Are you looking for a way to choose better investments? If so, consider “factor investing.”
Professor Elroy Dimson of the Cambridge Judge Business School believes factor investing leads to better results. This is because, he says, if you expose your portfolio to a variety of factors (different from just investing in different industries or sectors), these distinctive attributes have a very important impact on how a portfolio performs.
When selecting investments, consider factors like:
- Sensitivity to inflation
- Company size
- High/low dividend yield
How to talk to your parents about their finances. Doug shares “10 Secrets to Talking to Your Parents About Money.” It’s hard to discuss money with a parent, but it is essential for solid financial planning. This top ten list is available for people who need help beginning that conversation. To receive your copy of the list, enter your email address here:
(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//forms.aweber.com/form/55/1489833555.js"; fjs.parentNode.insertBefore(js, fjs); }(document, "script", "aweber-wjs-eutfn5nkf")); For a free download of Dr. Elroy Dimson’s book Financial Market History: Reflections on the Past for Investors Today click here: CFA Institute website. (The Kindle version is also available for free on Amazon.)
To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Is your self-worth dependent on your job, your title or your paycheck?
If so, what will happen when you retire and all of those disappear?
Nancy K. Schlossberg, author of Too Young to Be Old: Love, Learn, Work, and Play as You Age, focuses on the transition to retirement, by focusing on the importance of having a healthy psychological portfolio for retirement. Nancy discusses the mental preparation new retirees should do in order to find balance in their life.
She also encourages open communication with life partners and family about your finances. Listen to learn how you can improve your financial conversations.
Don’t ignore your financial statements! Are you overwhelmed when you open your financial statements and need help understanding the numbers? Doug offers a brief guide to understanding your financial statements.
The biggest mistake an investor can make is not making an effort to understand what is going on. Even if you just look at the front page of your statement, learn what numbers are the most important to look at (hint: it may not be the total net worth).
If you would like a more depth resource for understanding your financial statements, watch this video.
To learn more about Nancy K. Schlossberg, visit her www.transitionsthroughlife.com.
If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Bob Hoye, chief financial strategist of Institutional Advisors, warns that the bond market bubble is in danger of bursting. He explains what happening in the bond market right now that is causing a bubble, as well as, how investors can avoid the inevitable bubble burst. Bob’s background in the mining industry and investing gives him a keen understanding of the commodities and their relationship with the market. Listen to learn what type of bonds retirees should buy in light of this situation. Should you invest internationally? Doug explores what is happening in the global markets. Many foreign countries are experiencing economic growth. Are these emerging markets great assets for investment portfolios? Doug explains what emerging market debt is, and gives tips on how to decide if emerging market’s risks are worth the potential benefits? Join Doug to hear more about this intriguing investment option. To learn more about Bob Hoye visit www.institutionaladvisors.com. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Need help understanding what bonds are or how you should choose to invest in bonds? Doug is joined by Zack the Puppet, a CFPP (Certified Financial Planner’s Puppet) to bring some levity to their discussion about bonds. Doug explains what bonds are and how they work. He also clarifies the best uses for a bond. He also has some advice on how to find the right balance of principal and income in your portfolio. If you want more insight into bonds then watch this video. It might help you make better bond selections. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Emotions are important part of being human, but leave them out of your financial decisions! Behavioral finance expert, and The New York Times best-selling author Dr. Daniel Crosby explains four issues that can derail your financial decisions. Instead of making decisions based on feelings and instinct, learn how to implement a more reliable system. Should you turn your behavior on its head and integrate the good, bad and ugly of emotional bias in your decision making? Do investors fail because the market is bad or because of their own errors? Consider benchmarking your financial successes, not to the market, but to the things in life that are meaningful to you. Learn how to develop a system that works for you and use it to automate your investment choices. Are you a value or growth investor? Doug compares value stocks to growth stocks. After explaining how each type of stock works, Doug suggests that a well-rounded portfolio include both value and growth investments. Listen to learn why, and to find out if you are a value or a growth investor. To learn more about these stock differences check out www.profile-finanical.com/stocks. Dr. Daniel Crosby’s book The Laws of Wealth: Psychology and the Secret to Investing Success is available through Amazon. You also follow him on social media @danielcrosby. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Millennial investors are stereotyped as having short attention spans and an aversion to investing. Is this an accurate representation? Doug invites Shannah Game, CFP® , a specialist in millennial investors, to discuss the difference between millennials and other investors. Listen to two Certified Financial PlanningTM Professionals debate how retirement and investment goals are different for millennials. Shannah reaches out to this financially conservative generation and offers some tools that make investing and saving a little easier. She also has a simple exercise that you determine why you need to “know your number.” 3 types of mutual funds Are you familiar with all 3 types of mutual funds? Doug explains the differences in the 3 types of funds (index funds, open end funds and closed funds) and elaborates on closed end funds. What are the pros and cons of closed end funds? What makes them a good choice for some investors, but not others? To learn more about Shannah Game and other issues affecting millennial investors listen to her podcast, Millennial Money, or visit her personal shannahgame.com. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Can young people become millionaires? They can if they begin investing early! Listen to Grant Sabatier, “the millennial millionaire,” as he shares why and how he embraced an early investing strategy. Grant took advantage of a bear market and made millions of dollars when the market recovered. He stresses the importance of having both a short-term and long-plan for investing. Doug and Grant discuss his strategies and discipline, and explore the successes and failures of Grant’s investment journey. Should young investors invest aggressively? Doug answers the question of when someone should begin saving. The answer is simple… right now! Millennials should start putting aside a percentage of their income as soon as they begin working. Ignore the impulse to wait until “things are financially easier” to save, since saving is a habit. Doug explains how mutual funds and index funds work, and encourages creating a long-term plan for stock market investing. Unlike older or late investors, a young investor may be able to afford more risk and use more aggressive investments -- and become more conservative as retirement approaches. Listen for some investment techniques that may help increase a young investor’s confidence (and hopefully, success). New and experienced investors alike may benefit from watching a video about Monte Carlo simulations. To learn more about Grant and his investing story, listen to his podcast Millennial Money Minutes, or go to his website millennialmoney.com. Follow him on Twitter @millennialmoney. Visit www.profile-financial.com to learn more about Doug Goldstein’s investing strategies. Investors needing to move their money to the U.S. can find a helpful tool kit on the site. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Stretching is not only for the gym… if you have a “Stretch IRA” you can s-t-r-e-t-c-h out the taxes due on your inherited IRA (Individual Retirement Account). If you pay taxes later, you have more money to invest now! CPA and Estate Planning Attorney Jim Lange discusses with Doug how to best title and organize inherited IRAs so beneficiaries can defer taxes. Jim stresses the importance of setting up inherited IRAs properly in order to maximize the benefits of these accounts. Learn two critical mistakes people make when receiving an inherited IRA, and make sure that you prepare your paperwork properly. Investing for the future means that you’re optimistic If you ask Doug whether his cup is half full or half empty, he’ll say it’s full of promise for the future. Doug discusses his favorite new technologies (self-driving cars!!! – listen to another interview on the topic), and summarizes how to decide what technology to choose for your long-term money. If you are optimistic that the economy is growing, look to the future and invest in the economy. If you think the future will be better than things are today, be a long-term investor, and choose to invest with an index fund, mutual fund, or money manager. Optimism isn’t the only important trait long-term investors need. They also need patience. Listen to the show to learn why! You can follow at Jim Lange at paytaxeslater.com, where you can get a free download of Jim’s book. Note that Doug doesn’t give tax advice. He’s a financial planner and investment advisor. For tax advice consult a certified tax advisor. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
When making a decision, do you take ALL facts into account – including your “future self?” When most people make a decision it’s hard for them to see the impact of their decision on their “future self” – but this is a critical piece of information to take into account. Professor Hal Hershfield, Associate Professor Marketing and Behavioral Decision Making at UCLA Anderson School of Management, breaks down the reasons why people make poor financial decisions. As a behavioral decision making specialist, his research covers if, and how, better decision making skills can be taught. He cites his findings that people can make better financial choices if they keep in mind their “future self” - the person you will be later on in life. Unfortunately, when the majority of investors are planning their portfolios, they very seldom consider their future self’s needs. Professor Hershfield has some insight on why it is difficult to think about the future. He also has some advice on how to make better financial decisions. Understand why your brokerage firm sent you a “Dear John” letter If you moved out of America, but still keep your assets in an American brokerage firm, there’s a good chance that your brokerage firm will send you a letter asking you to close your account. Doug explains why many U.S. brokerage firms are reluctant to keep accounts with international addresses. He gives action steps you can take if receive a “Dear John” letter. To learn more about Professor Hal Hershfield visit his website. You can find him on Twitter or email him. If you really want to travel through time... financially, that is, check out Doug's interview with the Financial Time Traveler himself, Nyle Bayer. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
We are living in “the age of longevity” where 20-year-olds can expect to live to 100! Does this mean the current retirement system will soon be obsolete? Professor Andrew Scott, an economics professor at the London Business School and author of The 100-Year Life: Living and Working in an Age of Longevity, discusses how retirement planning needs to change to face the challenges of an extended lifespan. Listen what transformations need to take place both in the current attitude and infrastructure of retirement planning. Are governments adequately addressing the inevitable strain longer lives will place on their future economies? How can individuals and their retirement planners make informed choices to cope with a longer retirement? Professor Scott insists that the most important aspect of retirement planning may not be financial. Tune into the financial podcast to learn which specific aspect of retirement planning should be your focus. There is no such thing as a “no risk” investment Risk is an inherent part of investing. There are three main methods to reduce risk in your portfolio: asset allocation, diversification, and money management. But what exactly is a money manager? Doug explains how a professional money manager may help lower risk in your portfolio. To learn more about Professor Andrew Scott’s book, visit his website, follow him on Twitter, @ajsiondon1, or read his book,The 100-Year Life: Living and Working in an Age of Longevity. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Retirement planner Nahum Daniels, CFP®, discusses with Doug how retirees can maintain a steady cash flow in retirement without receiving a paycheck. Nahum and Doug compare and contrast the benefits of fixed annuities, index funds, passive investing and bonds. Is one investment vehicle better than the others? Are bonds appropriate for retirees? Many retirees have a large percentage of bonds in their retirement portfolio. However, the risk of inflation can lower the real value of your fixed income (bond) returns. So what is a retiree to do? Consider a bond investment strategy that may improve your returns: bond laddering Bond laddering may pay a higher long-term rate while staggering interest payments to provide steady income during retirement. Learn more about bond laddering at www.profile-financial.com/bond-ladder. Listen in as Doug explains asset allocation strategies to balance safety with higher returns. To learn more about Nahum Daniels, visit his website. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Does a stock market trader need to be lucky? Or is there a skill that can be learned to get stock market trading success? Jack Schwager, author of the Market Wizard series, examines the difference between having “luck” in stock market trading and having a well-informed system or algorithm to choose trades. Unfortunately, some investors think intuition is all they need to make great stock choices. Intuition and luck shouldn’t be the basis of trading decisions. How do you know if you just got lucky or if you discovered a winning algorithm? Jack emphasizes that vigilance and good research are the most important criteria for success with an investment portfolio. Being well-educated about the current market is really the best course for any investor. Is the P/E ratio a reliable measure of a good stock? Many investors depend on the P/E (price earnings ratio) of a stock as an indicator of whether it is a “good buy.” Doug explains how the P/E ratio is calculated, discusses whether it really is a reliable measure of a quality stock. Is a stock’s P/E a reliable indication as to how it might perform? Learn more about Jack Schwager by reading his Market Wizard series and his most recent book, A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles. Or learn more about his trading philosophy at FundSeeder.an analytical platform for traders that creates real time track records. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Can analysts predict the factors that drive investment returns? Does the “dual momentum” approach improve investment returns? Gary Antonacci, winner of the Wagner Award for Advances in Active Investment Management, explains how he combines two strategies in his dual momentum approach. Can relative momentum (buying stocks that perform better than their peers) and time series momentum (buying on positive momentum and selling on negative momentum) actually improve investment performance? How do performance-based strategies reconcile with the investment refrain “past performance can’t predict future performance?” The sting of great investment returns: Capital Gains Tax Once you are fortunate to have profits in your investments, don’t neglect your capital gains tax. Learn how capital gains tax strategies can be especially useful to dual citizens who may be liable to pay taxes in two countries. Make sure that you have a great CPA for each country you owe taxes to – and that each one knows what the other is doing. Just because two countries have signed an agreement, doesn’t mean you automatically benefit. You might need to do some work. Consult with a qualified tax advisor as to your tax responsibilities, as I provide investment, not tax advice. Tune in for Doug’s advice on how you might want to invest your capital gains. To learn more about dual momentum, visit Gary’s website optimalmomentum.com and blog dualmomentum.net and read his award-winning book, Dual Momentum Investing. If you’re not already receiving updates on new episodes for The Goldstein on Gelt Show, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book
Are you afraid to begin market trading? Aaron Fifield, the host of the financial podcast, Chat with Traders takes the mystery out of market trading is and explains how to get started. Doug and Aaron discuss what sort of attitude best serves a trader. They also debunk misconceptions people have about market trading. Aaron offers advice for newcomers who might be intimidated by bigger traders and confirms that even a small trader has a place in the market. How much money should a trader start investing? Do you know what’s in your portfolio? Doug warns investors not to ignore their portfolio. Investors need to review their statements and have a full understanding of what is going on. He has some options for investors who may have lost interest in their account. He explains the difference between a basic financial advisor relationship and a “separately managed account” (SMA) with a money manager. If you are out of the loop on your investment portfolio, then let Doug help you get back up to speed. If a SMA sounds like something you could use, then watch a short video that gives an overview of what a financial advisor and what a money manager could do for you. To listen to Aaron Fifield on Chat with Traders go to chatwithtraders.com. You can also follow Aaron on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Attitude is everything and Jen Sincero, New York Times bestselling author of You Are a Badass at Making Money: Master the Mindset of Wealth, explains how a positive money mindset is critical to financial success. Jen is a firm believer that you create your financial situation based upon how you think about money. She and Doug discuss common delusions people have about money, and provides tips on how to connect with your personal money beliefs, so you can weed out the bad ones. Lots of people are looking at money wrong. Are you one of them? If you are ready for a money mindset change, listen to this interview! What is the difference between a stockbroker and a financial planner? While some financial professionals are both stockbrokers and financial planners, they are really two separate professions. Doug compares the two positions and offers advice about when it is best to consult one or the other. Here’s a hint, if you are planning for retirement: the financial planner is your best bet. To get more information about consulting the right financial specialist, read these FAQ. To learn more about Jen Sincero, read her books You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life and You Are a Badass at Making Money: Master the Mindset of Wealth, visit her website or find her on Twitter, Instagram, and Facebook. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Doug welcomes Meb Faber, chief investment officer of Cambria Investment Management, to the show to discuss why people have a hard time finding the right investments. Listen as they explore common mistakes investors make when choosing their investments. Meb reveals a good investment that is commonly overlooked: investing in a financial advisor. Meb expounds on why a money manager is a sound investment. There are many ups and downs in the investment world, and having a financial or advisor is a great way to navigate the market. He also gives helpful advice on how to introduce risk into your portfolio with international investing. A personal story about investing in real estate Doug discusses the challenges his family is facing now that his parents’ home is on the real estate market. Before you decide to buy an investment property, listen to Doug’s experiences and decide if owning real estate is right for you. This is a reality check worth hearing! To learn more about Meb Faber, listen to his financial podcast. Check out his website to see all the books he’s written. You can follow him on Twitter @mebfaber or on his company’s website If you’re not already receiving updates on new episodes for The Goldstein on Gelt Show, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Ellen Rogin, CPA, CFP®, and The New York Times bestselling author of Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality joins the show to help motivate listeners to reach their financial goals. You can do it! Ellen and Doug talk about the effectiveness of imagining your ideal life as a motivator towards making good decisions. Ask yourself, “What would my ideal retirement look like? How would I feel?” These questions are important when setting financial goals. For most people, this exercise motivates them to make smart money decisions so they can turn their daydream into reality. Ellen encourages the use of a “vision board” for goal setting. She expounds on what a vision board is and how a future retiree can use it to illustrate their financial and life goals. Learn how your imagination can help you make smarter financial decisions! Do you have a big financial decision coming up? Make a plan! Doug shares the story of a couple who didn’t plan well for selling their house. He recounts the painful lesson the couple learned. This cautionary tale should be a reminder that, no matter what your circumstances, when you need to make a big investment or purchase, you should always have a plan in place. If you are interested in Ellen Rogin’s Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality, visit her website. You can also find her on Twitter, Facebook, and LinkedIn. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Tobias Carlisle, author of Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations joins Doug to discuss the difference between deep value investors and franchise investors. What type of investor are you? You’re a deep value investor if you look for small companies that have the potential to be great. The deep value method is a long-term approach that requires in-depth analysis of the company in question… and a bit of wisdom. Companies on the verge of liquidation can be purchased at a “discounted” rate and may turn a profit when the company is liquefied, or the market improves. Tobias reveals the number one mistake deep value investors make when they purchase a business. Did you – or will you – receive an inheritance? Often, added to the pain of losing a loved one, is the angst of what you should do with an inheritance. As a financial advisor, Doug sees many people make costly mistakes when they receive an inheritance. There are many details involved in managing an inheritance (especially IRAs). Listen to the episode to learn what you should do after you receive an inheritance to avoid making costly mistakes. Download a free toolkit here to learn about the steps you should take if you live overseas and receive an American inheritance. Follow Tobias Carlisle on his website, website The Acquirer’s Multiple, and on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Doug makes a convincing case for REITs (Real Estate Investment Trusts) for people wanting to invest in real estate. REITs may be a good alternative for people who want to own real estate but want to avoid the “mess” of being a landlord. Doug explains what a REIT is and its potential benefits. He also discusses the problems of doing business outside of the U.S. with “packaged products.” Listeners will learn what a “packaged product” is and why it is considered a PFIC (Passive Foreign Investment Corporation) by the U.S. government. How can new investors get started? Jane Barratt, the founder of Goldbean, an education platform for beginning investors, shares her company educational programs to help new investors. She outlines some of the common hang-ups and problems beginning investors have, and then offers the solutions her company can provide. Jane emphasizes the importance of attitude and the willingness to learn. She explains how the Goldbean platform is able to teach and mentor, in order to help investors reach their fullest investment potential. Visit the Goldbean website or go to their Twitter and Facebook. Goldbean also has tons of useful content on Lynda.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Opinions of the guest are not necessarily the opinions of Doug Goldstein, CFP®) or of Portfolio Resources Group. Mentioning a product or company is not necessarily an endorsement of the product.
Professor Elinor Ostrom, winner of the 2009 Nobel Prize in Economics, explains what common pool resources are and how this concept encourages preservation of the environment. We were privileged to interview Professor Ostrom a few weeks before she passed away in 2012.
Have you been approached by a “too good to be true” offer or other investment scheme? Many people are tricked by questionable investment offers. What’s the biggest mistake these people make? They don’t read the fine print. Doug stresses the importance of understanding all your investments before making a financial decision. He suggests consulting a professional money manager or a trusted advisor who understands money and your own financial situation. Financial predators rely on the fact that people frequently make rash decisions in an effort to grow their money. Avoid the dark side of the investment world and promises of super high returns. Everything you need to know about personal finance can be written on an index card Doug welcomes Helaine Olen, the co-author of The Index Card: Why Personal Finance Doesn’t Have to Be Complicated to discuss her book. Helaine tells Doug the story about “the index card” and how it inspired her and her co-author, Harold Pollack. Would you believe that everything you need to know about personal finance can be written on an index card? She explains how personal finance has changed over time and how the index card method can get investors back on track. Follow Helaine Olen on Twitter @helaineolen. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Has the firm holding your U.S. brokerage account asked you to transfer your assets out because you no longer have an American address? Doug shares an experience he had when he helped an American living in Israel with their U.S. brokerage account. There are certain issues investor needs to know before moving their U.S. based assets. When that dreaded letter comes in the mail, Doug has insights on how to find a brokerage firm that will hold your account, even if you live overseas. What do Gen X and Y want from a financial planner? Katie Brewer, CFP ® and president of Your Richest Life, discusses the differences between investors from Generation X and Y and more traditional investors (retirees). Gen X and Y haven’t yet retired, so why should they meet with a financial planner? Kate talks about how couples can juggle their various financial concerns, and gives tips on how to overcome having uncomfortable financial discussions with your spouse. To learn more about Your Richest Life Planning, check out Katie’s website yrlplanning.com or find her on Twitter @katieyrl. To learn more about investing and finances in general, visit Profile-Financial.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Want to learn about a solid strategy to diversify your investments? Doug recalls his interview with Nobel Prize winner Dr. Harry Markowitz about Modern Portfolio Theory. The conversation gave practical advice about using market analysis to find the right investments for a well-diversified portfolio. (Listen here to their discussion) If you don’t want to build a diversified portfolio by yourself, you can work with a money manager. Investors should interview money managers and ask what diversifying strategies they use. A risk-return analysis is essential in today’s market Jesse Felder, the creator The Felder Report, expresses concerns about the current bull market. Jesse has a long history on Wall Street and he has seen investment trends come and go. What will happen now? He points to the expertise of shrewd investors like Warren Buffett to learn a strategy that is evergreen, yet flexible with the market changes. Traditional methods of investment are changing and investors need to be realistic with their investment expectations. Follow Jesse Felder on Twitter @jessefelder and at his website The Felder Report. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Also, if you want to learn more about being strategic in your investments, then read Doug’s co-authored book Rich as a King.
The host of the Mo’ Money Podcast, Jessica Moorhouse tells Doug what millennials need to know about investing. They discuss the financial difficulties the millennial generation deal with and how that poor preparation can be countered. Jessica emphasizes the ideal financial plan of both reducing debt and investing money for the future. One of these planning techniques is creating smart money habits, which are the surest way to meet financial goals and to prepare for what the market throws your way. Jessica shares some of these smart money habits and how to establish them. Doug will be teaching a class soon! Doug will be teaching an MBA class in finance at Webster University. The course will be based on the principles laid out in his book Rich as a King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. The book was co-authored with Susan Polgar, a Grandmaster in chess. Believe it or not the game of chess and investing have a lot in common. Doug will outline some of the topics he will cover in his course and how financial behavior plays a part in investment choices. To hear Jessica Moorhouse’s podcast visit www.jessicamoorhouse.com. You can also find her podcast Mo’ Money Podcast on iTunes and YouTube. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. You can also watch Doug’s interviews on his Youtube channel.
Does fear drive your international investing decisions? Listen for tips on how to minimize your fear of investments. Don’t let what might happen affect your decision making. Bearing that in mind, Doug also suggests that diversifying the currency in your portfolio is crucial for people who save in one currency and spend in another. Be sure your investment decisions are within your comfort level. International investments raise many questions especially when currency diversification comes into play. It’s important to find a balance between who you are, what you need, and your tolerance for risk. Doug answers the question of whether expat investors needs to sell off their U.S. investments. He also explains why many U.S. firms have a “no non-U.S. client” policy. If you have overseas investments, or would like to have U.S. investments, Doug gives practical advice about finding a cross-border money manager. Be sure to download a free resource for non-U.S. residents who want to open U.S. accounts by clicking here. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Christine Benz, the author of Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and senior columnist for Morningstar returns to talk withDoug about how investors can use the “bucket strategy” to manage their fear of risk. She shares how investors can manage risk in this “war on savers” market. In today’s current market, risk is becoming more of a necessity. Christine explains how to balance the old methods of retirement planning with being more open to risk and how to make dividends work for you. Getting married? Consider Doug’s advice about merging your finances. When people get married, there are financial discussion to be had, aside from how the wedding will be paid for. Doug has 6 steps a couple should follow before they get married and combine their finances. He discusses how well you should know your partner’s spending habits, and why a good money manager is worth the investment. Make sure to share these points with any young couple you know. You can find Christine Benz on Morningstar.com and check out her book Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances too! Listen to Doug and Christine’s first discussion here. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. You can also watch Doug’s interviews on his YouTube channel.
Michael W. Zisa, a high school finance teacher and author of The Early Investor, is an advocate of teaching personal finance so kids can start investing at an early age. Michael shares what it’s like to teach young investors to make wise and informed investments. He describes the encouraging response to his class and what are some of the investment basics he covers with his students. Why joint brokerage accounts may be good for spouses, but not for siblings Sometimes a brokerage account is setup for two or more people, especially when it was set up by a parent. Doug gives some examples of when splitting up a brokerage account is a good idea, and identifies when a joint account is desirable. Michael W. Zisa is the author of The Early Investor and can be found at becomeanearlyinvestor.com and @investinggeek on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Do your spending habits and investments align with your values? In other words, what do want your money to do for you? Do your habits, practices, and investments reflect that? Sarah Li-Cain, a financial storyteller for High Fiving Dollars explains the importance of knowing what you value as an investor. Sarah and Doug discuss how to identify your values and how to be mindful about what you do with your money. If your spending habits and investments don’t help you meet your goals, then a realignment is in order. What should you do if you inherit money from the United States? If you find yourself at the receiving of an inheritance, what should you do next? If you inherit money from America, there are different consideration than receiving an Israeli inheritance. An inheritor of American investments (especially a beneficiary of an IRA) need to know what to do next. Doug has some questions to ask your cross-border financial advisor to avoid unnecessary taxes and overall general headaches. To learn more about Sarah Li-Cain visit www.highfivingdollars.com or follow her on Twitter @sarahlicain. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book
If there was a market crash what would happen with your investments? Doug discusses the emotional turmoil and the possibility of real monetary loss in the event of a market crash. Some investors just can’t take the uncertainty of the stock market. But since market crashes are a likelihood that must be taken into, if you can’t tolerate risk, consider more conservative investments. For those who can’t imagine weathering a market crash, Doug suggests some safer options for investing your money. StockX is changing how business is done Josh Luber, co-founder of StockX.com, shares how a stock market based model can be used to sell any luxury item... including sneakers. StockX is the place to find the latest brand name sneakers. He explains the 3 principles of how StockX works and how anyone can use his site to sell a commodity. To check out StockX, visit stockx.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Note, mentioning a product or company is not necessarily an endorsement of the product.
Can decision fatigue be partly to blame for a bad investment choice? Nyle Bayer, an experienced money manager, examines what decision fatigue is and how it can cause you to make poor investment choices. Nyle has worked in the financial sector for many years with his father who is also a financial advisor and CFP®. He discusses what factors he has personally observed that could result in a bad investment choice, and why men and women approach investing differently. Do you ever wonder if Doug takes his own advice? Doug has an exciting announcement! His daughter announced her engagement to a wonderful young man! For years, listeners have followed Doug’s advice on how to plan for major life milestones like a wedding or buying a home. He shares how well his advice has worked for him and his family during this happy time. You can follow Nyle at The Financial Time Traveler and at @NyleBayer. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
Professor Tomas Lindahl, winner of the 2015 Nobel Prize in Chemistry, talks about his research with DNA and the human genome. Dr. Lindahl shares insights about the vulnerability of your DNA… and how it might be possible to fix it. Is a cure for cancer on the horizon? Discover why medical research is one of the most important investments there are.
Professor Robert C. Merton, winner of the 1997 Nobel Prize for Economic Sciences and professor of finance at the MIT Sloan School of Management, explains how a longer average lifespan affects retirement planning and what you need to do to plan for your old age today. Follow Professor Merton at: www.robertcmerton.com
Professor Robert Shiller, winner of the 2013 Nobel Prize in, and author of Finance and the Good Society, talks about how financial institutions and innovations could ultimately be used to improve the quality of society. How can high finance be used to reduce inequality among people? Follow Robert Shiller at www.robertshiller.com
Professor Arieh Warshel, winner of the 2013 Nobel Prize in Chemistry, talks about the role of chemical processes in daily life and how these aid scientific breakthroughs. Find out why there has been a “brain drain" in recent years, as many scientists and researchers look for research funding abroad, and what expat Israeli intellectuals are doing about academic boycotts.
Economics Professor Alvin Roth of Stanford University won the 2012 Nobel Prize in Economics for his work on market design. What is "market design," and how can it be applied to kidney donation, getting married, and medical students choosing residency programs?
Professor Robert Aumann, winner of the 2005 Nobel Prize in Economics, explains game theory, how it works, and how it can it be applied to making financial decisions.
Professor Edmund Phelps, winner of the 2006 Nobel Prize in Economics, and author of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change, discusses how mass innovation and the creation of new products leads to national prosperity. What do people need to encourage them to think of new ideas? And how do new ideas help spread prosperity?
Is minimum wage important for workers? Professor Dale Mortensen, winner of the Nobel Prize in Economics in 2010, explains what the movie Moneyball teaches about the minimum wage. Find out what friction is in terms of markets, and what may encourage workers to be more productive.
Professor Peter Diamond, winner of the 2010 Nobel Prize in Economics, explains the purpose of Social Security and how recent policies may affect the U.S. economy. What can retirees expect from Social Security in the future?
Magnus Carlsen is one of the world’s most famous chess players, becoming a grandmaster at age of 13. In this interview, he shares his thoughts on the question of whether talent is innate or if it is something you have to work at. He also gives advice on how to develop your chess skills and shares what a day in the life of a top chess professional is like.
Macroeconomic data such as inflation, interest rates, and employment figures often appear in news reports. But what does this information mean, and how does it affect the ordinary person? Professor Christopher Sims, winner of the 2011 Nobel Prize in Economics, explains what macroeconomic data teaches us about the state of the economy. Follow Professor Sims at: http://www.princeton.edu/~sims/
What’s the difference between quasicrystals and regular crystals, and how does this affect your life? Professor Daniel Shechtman, winner of the 2011 Nobel Prize in Chemistry, tells the story of how he defied scientific opinion to discover quasicrystals. Find out which industries use quasicrystals today, and why Israel produces so many successful scientists.
Are margin accounts a smart way to build a portfolio? Ever thought about borrowing money to invest? Don’t do it! At least, not till after you listen to this episode of The Goldstein on Gelt Show! Margin accounts, borrowing money to invest, is a risky investment strategy that shouldn’t be done without careful consideration Find out what a margin account is and why it may be a bad idea. Four questions to consider before creating a margin account Doug has four questions that every investor should ask if they are tempted to borrow money for investing. Margin accounts are a high-risk move, and most people aren’t comfortable with such a drastic investment strategy. Ask these four questions to decide if borrowing money makes financial sense for you. Richard Duncan, the developer of Macro Watch and author of The Dollar Crisis and The New Depression, forecasts an upcoming recession in the global economy. Richard also points to recent events that could lead to an American recession. He and Doug discuss how investors can plan for economic downturns. Listen to discover some investment strategies that can help you weather the storm if the market bubble bursts. Check out Richard Duncan’s show Marco Watch for more of his insights. Visit www.richardduncaneconomics.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Also, Doug would like to know, why do you listen to Goldstein on Gelt? If you have an answer, he’d love to hear it!
Often the financial world advocates “more money” and “more growth” – but can you live with less? Graham Hill is a firm believer that you can live on less. Graham’s awesome TED Talk, “Less Stuff, More Happiness” set off a lively debate. He shares his unique view on society’s need to get more money, more power, more stuff…just “more” in general. Yet, studies show that beyond a certain minimum income level, people’s happiness levels don’t increase the more money they earn. Doug and Graham discuss why having more money doesn’t necessarily mean you’ll have more happiness, and why the idea less = happiness is true for many people. You need to be picky about your financial advice. Everyone has an opinion on everything, particularly money. Who should you turn to for financial advice, and how can you separate sound advice from nonsense? Doug talks about the advice given in a Kiplinger article, 12 Reasons You Will Go Broke in Retirement. To learn more about Graham’s radical lifestyle ideas visit www.lifeedited.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
What is graphene, and where and how is it used? Andre Geim, who won the Nobel Prize in Physics in 2010 for his work in discovering graphene, discusses his work and its practical implications. How easy is it to turn a scientific breakthrough into a viable consumer product?
Is it possible to make an income from passive income, or is it all internet hype? Online entrepreneur Pat Flynn, from the Smart Passive Income blog, explains how more and more people are running successful online businesses. He also shares how he earns money from passive income and gives tips on how to begin an online business. Follow Pat Flynn at: www.smartpassiveincome.com and on Twitter @PatFlynn.
Does being an optimist have hidden benefits? Benjamin Zander, music director of the Boston Philharmonic Orchestra and the co-author of The Art of Possibility, explains how learning from your failures can turn you into an optimist. Follow Benjamin Zander at: www.benjaminzander.com and on Twitter @BenjaminZander
Professor Gary Becker, 1992 Nobel Prize Winner in Economics, shows you how to apply economic theory to family finance. Learn new ways you can make sound financial decisions, and resolve family conflicts about money.
What is “loss aversion,” and why does it cause investors to make mistakes? Professor Daniel Kahneman, winner of the Nobel Prize for Economic Sciences in 2002, is well known for his work on the psychology of judgment and decision-making. Find out what loss aversion is, why overconfidence can be bad for investors, and how to avoid making financial mistakes.
Many investors use “financial forecasting” and base their investment strategy on what they think might happen in the markets. Is that a good idea? Roger Whitney, CFP®, host of The Retirement Answer Man podcast, and Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., discuss the problems with choosing investments based on predictions of what might be. Learn the difference between assumptions and forecasts and find out what you should look for in both the short and long term. Should you buy bonds if interest rates go up? What happens to bonds when interest rates rise? Watch an eight-minute video on bond laddering and how it can help you make the most of rising interest rates. Follow Roger Whitney on The Retirement Answer Man podcast on iTunes and on Twitter @Roger_whitney
Market trends are often reflected in indices, like the Dow Jones Index or the S&P 500. But what about an index based on social media? Douglas Goldstein, CFP®, a financial advisor specializing in cross-border investments, discusses the BUZZ Index, an index based on social media statistics, with its founder, Jamie Wise. Find out how the BUZZ Index works and why people may be more inclined to tell the truth on social media platforms than in polls. Why you and your spouse need to talk about money Douglas Goldstein, CFP®, discusses the importance of communicating with your spouse about money and why both of you should attend financial planning meetings together. Watch a 3-minute video that explains the necessity for both spouses to be involved in all major financial decisions. Follow Jamie Wise at: www.buzzindexes.com and on Twitter @BUZZIndexes.
Spousal U.S. social security benefits can add up, so if you are divorced (or know someone who is), make your claim accordingly. Devin Carroll, financial advisor at Carroll Investment Management, discusses with cross-border financial planner Douglas Goldstein, CFP®, the effects of divorce and remarriage on Social Security benefits. Find out why women in particular should research what they may be entitled to when they retire, whether single, married, or divorced. Depending on your situation, it may be more than you think. How to help seniors handle their investments One of the toughest financial questions people ask is when to let go of financial responsibility. When should you consider adding additional names to your financial accounts and train someone to follow through with your financial values? Get the answers in a 12-minute video about how to let go of responsibility and pass it onto the next generation. Follow Devin Carroll at www.socialsecurityintelligence.com and listen to his podcast, Big Picture Retirement, on iTunes. Follow him on Twitter @DevinACarroll
"Cheapskate" isn't necessarily a pejorative term, as cross-border financial planner Doug Goldstein, CFP®, finds out when he interviews Jeff Yeager, author of How to Retire the Cheapskate Way: The Ultimate Cheapskate's Guide to a Better, Earlier, Happier Retirement. Learn why cheapskates rarely suffer from “buyer’s remorse,” and get tips for how to teach children the advantages of delayed gratification. Follow Jeff Yeager at www.ultimatecheapskate.com and on Twitter @JeffYeager How using a checklist can help you become a better investor The Checklist Manifesto promotes the use of checklists for pilots and in minimizing medical mistakes. But could using a checklist improve your financial situation? Look at a real example of an interactive checklist for how to open a U.S. Brokerage Account from Overseas, and send an email to get a checklist on how to choose a good investment advisor.
Why did Bituach Leumi decide to give Israeli children free money? Douglas Goldstein, CFP®, a licensed investment advisor who helps people meet their savings goals, speaks with Professor John Gal, chair of the Social Welfare Policy program at the Taub Center, about the program to alleviate child poverty. Professor Gal discusses how the program works and whether it will be successful in giving children a head start in life. Will the new program encourage increased savings? For an article about the tax implications of the Bituach Leumi program for U.S. citizens, click here. To read an article, written by Professor Gal, about the savings accounts, click here. Follow the work of the Taub Center at taubcenter.org.il and on Twitter @TaubCenter Should you invest your money in a casino instead of the stock market? Roger Whitney, the Retirement Answer Man, co-hosts this episode of The Goldstein on Gelt Show. Find out why some people prefer to bet in a casino, where the odds are stacked in favor of the house, rather than putting their money into the stock market, where historically chances of making a profit are much higher. Can you really make successful financial decisions based on chance? Follow Roger Whitney at http://rogerwhitney.com and on Twitter @Roger_whitney.
Douglas Goldstein, CFP®, a financial advisor who helps people preserve the real value of their money, questions how safe it is for people to put money in the bank. Professor William Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City and author of The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, discusses bank safety and explains why OECD nations insure bank deposits. How does this insurance work? Also, find out about the complex investments that brought Wall Street to its knees. What is a "safe stock"? If you want your money to grow faster than the bank’s interest rates, should you invest in the stock market? Is there a "safe stock?" What should conservative investors do with their investments? Follow Professor Black's blog at: http://neweconomicperspectives.org/category/william-k-black and on Twitter @WilliamKBlack. Listen to his TED talk here.
Many people believe that the typical "white coat investor," i.e. a doctor, surgeon, or dentist, must be wealthy due to the relatively high salary medical professionals earn. Dr. Jim Dahle, author of The White Coat Investor: A Doctor's Guide to Personal Finance, explains why this is not always the case. Many professionals are not financially astute, and they have no idea how to manage their money or prepare for retirement. Dr. Dahle discusses how to manage the financial jump from living on a low-income to becoming a high-salaried professional. If you live a long life, will you run out of money? Many retirees’ biggest worry is that they will outlive their savings. Douglas Goldstein, CFP®, director of Profile Investment Services Ltd., shares tactics for preparing financially for a long life, so that you will always be able to pay your bills. Follow Dr. Jim Dahle at www.whitecoatinvestor.com and on Twitter @WCInvestor.
Although budgeting is an important part of personal finance, the real key to building wealth is to make more money. Matthew Paulson, author of The Ten Year Turnaround, discusses why you should think out of the box when deciding on a profession rather doing what seems easiest. Find out how giving charity can change the way you perceive money and help you to earn more. Can international investors own a trust? Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., explains how new legislation affects trusts and their owners. Follow Matthew Paulson at www.mattpaulson.com and on Twitter @MatthewDP
Investing wisely is more than just choosing high-yielding investments and optimizing your asset allocation. Dan Solin, New York Times bestselling author of The Smartest Retirement Book You'll Ever Read and columnist in The Huffington Post, shares tips about investing wisely and how to plan your estate so that your spouse is financially safe when you pass away. Avoid Outliving Your Retirement Nest Egg No one wants to outlive their money. Creating a financial plan is one of the best ways of making sure that your assets will meet your needs your entire life. Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., discusses the advantages of planning your budget, lifestyle, and investments. Follow Dan Solin at https://danielsolin.com and on Twitter @DanSolin.
Douglas Goldstein, CFP®, a financial advisor who helps Americans living in Israel manage their investments, discusses the benefits and risks of using a credit card with Jason Steele, an expert in the credit card industry. Find out how credit cards really work, and who benefits from your credit card purchases. Can consumers benefit from points and reward schemes without falling into debt? Will the Trump Administration cause the markets to crash? Now that President Trump is Commander in Chief, we can expect many changes to government policies and taxation. Douglas Goldstein, CFP®, explores the differences between fiscal and monetary policy and assesses possible changes to the U.S. economy. Follow Jason Steele at www.jasonsteele.com and on Twitter at: @SteeleStreet.
Doug meets James Clear, entrepreneur and expert on personal habits. How easy is it to change your behavior to achieve your goals? And how can you improve your financial habits if they are deeply ingrained? Listen to your favorite personal finance show for the answers to these questions and more.
David Bach, author of Smart Women Finish Rich, talks about the “latte factor” and why women need to be in control of their finances. And is it too late to plan for retirement? Find out more on your favorite personal finance show.
What are the habits of the rich, and can they help you to succeed? On this week's show, Tom Corley, financial planner and author of Rich Habits: The Daily Success Habits of Wealthy Individuals, discusses the lifestyle of the rich. Does wealthy always equal healthy, and how do your personal relationships affect your financial success?
Meet legendary author and expert on lateral thinking Edward de Bono. What is lateral thinking? And what is the logic behind his famous book, The Six Thinking Hats? Find out which hat you're wearing.
This week, Julie Deane, founder and president of the Cambridge Satchel Company, returns to The Goldstein on Gelt Show. Find out how her company has mushroomed in the past twelve months, how Julie came to join British Prime Minister David Cameron on a trade delegation to China, and what the future may hold for the Cambridge Satchel Company, a business that originally began in the Deane family kitchen with just £600! And don't forget to listen to all of your favorite financial tips and tricks on this week's show.
Financial resolutions are easy to make, but difficult to keep. In order to reach your financial goals, try using these ten investment strategies. Tune into the financial podcast to follow the countdown and learn about effective financial strategies.
Deciding between renting or buying a home is a difficult calculation. How can we balance the quality of life with financial risk? Doug deals with this issue on today’s show when he answers a listener’s question on how much money he should invest in buying an apartment. There are many advantages and disadvantages with renting or buying a home. Find out what all the considerations are, including the common pitfalls of buying a home. Takeaway: it depends on balancing today’s quality of life against tomorrow’s. Today’s guest, Vicki Robin, coauthor of Your Money or your Life: Transforming Your Relationship With Money and Achieving Financial Independence, looks at the quality of life and relates this to the pursuit of money. Discover how your life energy can help you gain control of your finances and get started on the path to financial independence. Follow Vicki and her work at: http://vickirobin.com/
Should the Nobel Prize in Economics be given to the person who can discover a way to invest for maximum return but little risk? Can you invest for a maximum return and with a conservative stance? Doug examines both of these concepts on this week’s show, giving advice on how to make smart investment choices. Listen to the whole show to get a link to a video clip (free) that can help you determine the proper asset allocation model for you. Today’s guest, Professor John Palmer of the University of Western Ontario explains the politics behind the Nobel Prize in Economics. He also shares insights about the financial problems with the Boycott, Divestment, and Sanction campaign (BDS) against Israel, and why it hurts the people it’s meant to help. Follow John Palmer and his work at his blog: http://www.eclectecon.net/
Many investors are concerned about the economy's prognosis. Is there an investment that can withstand economic turmoil and provide returns for investors? Exchange-Traded Funds (ETFs) are popular among investors and professionals. On today's show, find out what ETFs are and learn: * What are the underlying assets within ETFs? * How do they trade? * What are the costs involved?
Professor Donald J. Boudreaux of George Mason University explains why he is optimistic about the economy despite a nearly $20 trillion national deficit in the United States. He offers insight as to how increasing interest rates affect America's ability to pay its bills. Listen also to what Professor Boudreaux has to say about Nobel Prize winner Paul Krugman's economic views. Follow Professor Boudreaux on his blog at http://cafehayek.com
Is the recent market volatility a sign of hard times ahead? It depends who you ask. Some experts say the market's recent decline is a buying opportunity, while other analysts see it as the beginning of a bigger decline. Doug analyzes the options and shares the opinions of analyst Andrew Roberts (Royal Bank of Scotland) and previous Goldstein on Gelt guest Kimberly Foss. How should their forecasts affect you and your investments? While analysts debate whether recent market swings makes an efficient marketplace, there's also debate about efficient energy. Lynne Kiesling, associate professor at Northwestern University, explains how energy efficiency affects us all. Do politics govern energy policy, rather than scientific and economic considerations? What can the energy industry learn from the successful growth and development of digital technology? Read Lynne Kiesling's blog at http://knowledgeproblem.com/. You can also follow her on Twitter at @knowledgeprob. Visit her website at: http://www.lynnekiesling.com/
What happens if you have several children and many expenses to cover? Even if you work hard, the bills can seem never-ending. In today’s show, Doug answers a listener’s question on how to balance your budget and pay the bills. Learn 3 ways to help reduce debt and spend less money so that your paycheck lasts until the end of the month. Professor Aaron Ciechanover of the Technion–Israel Institute of Technology in Haifa, winner of the 2004 Nobel Prize in Chemistry, talks about the ubiquitin system and how it helped to pioneer successful cancer treatment. Discover how drug companies decide which kinds of research are most promising. How does Professor Ciechanover help children to fulfill their dreams of building a better world, and why does he see his work as a labor of love rather than simply as a job?
Comprehensive financial planning includes cash-flow, investments, and insurance. Are you properly insured? Doug answers a letter from a listener who asks about private insurance policies. How can you determine the most appropriate insurance policy, and make sure your pension plans are properly set up? Don’t forget the legal implications of your financial planning and insurance decisions. Veteran lawyer Ely Rosenzveig explains the legal pitfalls of retirement planning, why women have different legal considerations from men, and what to consider if you are moving to Israel. Follow Ely Rosenzveig on his website at: www.ejrosenlaw.com You can also call him in Beit Shemesh: 02-6457067 or at his office in the United States: 914-816-2900.
What is the best way to invest an inheritance so that its value can grow? Doug answers this question as well as giving tips on how to save money by automating your savings. And today’s guest is legal expert Timothy Sandefur. Find out what the status of “eminent domain” is and if local governments are abusing the power they have to confiscate land and property. Should you invest in real estate if the government could take it away? Follow Timothy Sandefur’s work at the Goldwater Institute here – http://goldwaterinstitute.org/en/ Read his book, Cornerstone of Liberty: Property Rights in 21st Century America.
Market volatility leads many investors to make a big mistake when planning their finances. Learn how to avoid the most common investing mistakes. How can you make time work to your advantage, both in your investment portfolio and life in general? In today’s interview, Jeff Sutherland, former fighter pilot and author of Scrum: The Art of Doing Twice the Work in Half the Time, shares his unique model for achieving goals quickly and efficiently. Apply this model to personal finance, and get tips on how to develop more self-discipline in your financial habits. Follow Jeff and his work at www.scruminc.com. Download the first chapter of Scrum: The Art of Doing Twice the Work in Half the Time onto your e-reader for free here.
Is it best to manage your money by yourself or to use a money manager? Today’s show discusses money managers: how can you measure a money manager’s success? Would you be better off buying an index fund? One of the biggest worries that investors have is market uncertainty. David D. Holland, radio host, author, and financial planner, returns to The Goldstein on Gelt Show to talk about the factors that cause fluctuations in the markets. How does the energy industry affect the economy, and what are the effects of election year? Get useful advice on the best way to react to market changes and manage your money. Follow David Holland’s work on: http://planstronger.com/
Does investing in rental property lower the risks posed by market volatility? Doug discusses the advantages and disadvantages of investing in the rental property market in the United States. Renting out a property involves challenges, such as finding responsible tenants, handling repairs, adhering to building and safety codes, and much more. Find out how to invest in property without all the hassles of being a landlord by purchasing a REIT (real estate investment trust). Are you worried about market volatility? Bestselling author and president of Empyrion Wealth Management, Kimberly Foss explains why market volatility shouldn't scare investors away. She offers a special bonus to our listeners: a free copy of her book Wealthy By Design: A 5-Step Plan for Financial Security. Listen to the end of the show to find out how to get it. Follow Kimberly Foss and her work at www.Kimberlyfoss.com and http://empyrionwealth.com/ Send your questions to her at Kimberly@kimberlyfoss.com. You can also follow her on Twitter at @KimberlyFossCFP, and on Facebook and LinkedIn.
Who will control your finances if you lose your ability to make decisions? Many senior citizens suffer from memory loss, dementia, and other cognitive disorders as they age. The Alzheimer’s Society recently issued a report about the vulnerability of dementia sufferers to financial abuse and the need to protect them. Today’s show is devoted to aging and finance and what to do if you, your spouse, or your parents suffer from any health issues that affect their ability to make wise financial decisions. Find out: * How to organize the financial and legal affairs of a dementia sufferer. * What kinds of accounts should you set up? * What are the most appropriate investments for people suffering from mental health issues?
How do dropping in oil prices, economic changes in China, and inflation affect your financial plan? What is the best way to respond to market volatility? On today’s show, Doug discusses what causes market fluctuations, and what economic changes really mean for your financial plan. Also, sample the new financial podcast "4-Minute Money Ideas" This financial podcast is the audio version of Doug's articles in The Jerusalem Post. Today’s discussion is about "What Should You Do When You Get an Inheritance." You can listen to the 4-Minute Money Ideas here or on iTunes.
What is the best way to invest when there is a strong dollar? In today's show, Doug answers a listener's question about the best way to invest when there is a strong dollar and you are an American citizen living abroad. Learn the difference between "reference currency" and "living currency." Does the U.S. government possibly discriminate against its citizens who live overseas? Read this article about the tax reporting obligations of Americans living abroad. Today's guest, Mark Divine, a former Navy SEAL and bestselling author of The Way of the SEAL and Unbeatable Mind, compares a long-term investor with a sniper. He speaks about managing your mind and emotions in order to make the right decisions. How can you develop patience, which is one of the most necessary qualities for being a long-term investor? Follow Mark Divine's work on: http://sealfit.com/ and http://members.unbeatablemind.com/ and on Twitter at: @MarkDivine
Don’t get carried away by rising interest rates. Instead, consider the impact of interest rates on your retirement plan. Doug reviews fundamental points about retirement planning and how to make sure your money is there for you when you actually need it. How should rising interest rates affect the way you handle your investments? Money manager Chris Cogswell returns to The Goldstein on Gelt Show and discusses what happens in a rising interest rate environment. Chris also explains how high frequency traders compare to retail investors to the market and institutional investors. Follow Chris Cogswell and his work at: http://www.prginc.net/. You can also follow him on LinkedIn as J. Chris Cogswell and on Twitter at @JChrisCogswell.
Does being a successful investor influence your retirement age? Find out about the advantages and disadvantages of early and late retirement. Learn about claiming Social Security and the connection between Social Security payments and Bituach Leumi (Israeli National Insurance) pensions. Is there a simple mathematical formula to guide you towards the right decision on when to retire or how to invest for success? Today Doug speaks with mathematician Professor John Allen Paulos of Temple University, author of A Mathematician Plays the Stock Market, about stock market strategies. Which formulas and strategies work, and which ones are just wishful thinking? Can using mathematical formulas help you become a successful investor? Follow John Allen Paulos on Twitter @JohnAllenPaulos and visit his website at: www.johnallenpaulos.com. Read his latest book, A Numerate Life.
The average retirement savings of American families is $95,776. At first, this sounds like a hefty sum, but there is more to the number than meets the eye. Since it’s the average retirement savings, it doesn’t reflect the fact that nearly half of American families have no retirement account savings at all, and the median — 50th percentile — family has just $5,000 saved. Today’s show gives practical tips on how to save for your retirement, with an eye to increasing your retirement savings. Retirement is expensive – especially in America. That’s why some Americans consider retiring abroad. While housing, health care, and other costs may be lower in other countries, there are other financial issues that arise with a move abroad. Art Koff, MarketWatch columnist and founder of RetiredBrains.com, discusses critical questions that you should ask before retiring to another country. He also addresses how to get your Social Security, and shares great resources that retirees can use to plan their golden years. Follow Art Koff and his work at www.retiredbrains.com
Recent reports indicate that the Federal Reserve is expected to raise interest rates again this year. What effect will this have on individual investors and your investment portfolio? On today’s show, Doug discusses interest rates, their significance, CDs, and a bank deposit that may have a higher than average return. Listeners wanting to learn more on the topic can click here. In the second half of the show, annuity specialist Stan Haithcock dissects the myths behind the advertisements and explains that an annuity is simply a contract, not even an investment. Find out why it’s critical to fully understand the contractual guarantees. Learn more about Stan Haithcock and his work at: www.stantheannuityman.com
Estate planning is a critical part of financial planning. While many folks focus on retirement planning, it is equally important to spend time thinking about what happens to your assets when you no longer need them. Today Doug shatters the taboo of talking about estate planning and details what you need to do in planning your estate. What documents do you need, and with which professionals should you consult? For more about planning your estate, read Why Your Investments Must be Different From Your Parents’. Family politics and the fear of losing your loved ones can make estate planning discussions difficult. Jack Tatar, author of Having the Talk: The Four Keys to Your Parents’ Safe Retirement, and What’s the Deal with The Talk Between Adult Children and Their Parents? discusses how to avoid future disputes over wills and inheritances. Learn when is the best time to have “the talk” and get tips on how to raise these sensitive estate planning topics. Follow Jack Tatar and his work on http://safe4retirement.com/ Get a free copy of his book What's the Deal With... The Talk Between Adult Children and Their Parents at: www.havingthetalkbook.com
What should you take into consideration when choosing a financial advisor? When choosing a financial advisor, you must understand what his role is in helping you manage your money. Will he look at your investments on a daily basis? Who will make trading decisions? What does your financial advisor need to know about you, and what do you need to know about him? A good financial advisor will make sure that you understand your investment goals. Are you trying to get rich or to avoid being poor? Are you saving for a specific goal or do you need your investments to supplement your income in retirement? Dennis Miller, author of Retirement Reboot talks about the differences between “regular” and “retirement” investing, and how to deal with inflation risk when making financial decisions. Follow Dennis Miller’s work at: http://milleronthemoney.com/
Should today's turbulent markets be compared to the Great Depression of the 1930s? Author and economist, Dr. Lawrence W. Reed explains how Roosevelt’s policies caused the economic collapse to last much longer than it should. Listen to him explain how today’s politicians may be leading us down a similar path. Follow Lawrence W. Reed and his work on https://fee.org and on Twitter: @lawrencewr Also on today’s show, Doug discusses ETFs. Why would an investor sell stocks and invest in ETFs? What are the various types of ETFs available? Click here to watch a video explaining the S&P 100 Index and related funds. As the world changes, what will happen to the way that education is presented? Click here for a link to a free e-book by Seth Godin called Stop Stealing Dreams about how the school system should change.
Bad habits can cause more harm than you realize. Peter Bregman, best-selling author of Four Seconds: Four Seconds: All the time you need to stop counterproductive habits and get the results you want, explains how to overcome bad habits. Learn 3 steps you can take to improve bad financial habits and become a better investor and a happier person. Find out more about Peter Bregman and his work at: www.peterbregman.com Follow him on Twitter: @peterbregman Are you an American citizen contemplating aliya? Don’t worry about your American assets. On today’s show, Doug shares some tips useful to Americans living in Israel and many other countries. Want to learn more about investing? Doug is currently creating an investing course. Email him at: doug@profile-financial.com with your biggest financial question and you will be able to take the course for free.
How safe and efficient is online banking compared to brick and mortar banking services? Martin Saidler, CEO and founder of Centralway, a company that develops mobile banking solutions, discusses the safety of online banking and the future of banks. Follow Martin Saidler at: https://www.centralway.com In the world of online banking what role do brokerage houses play? Find out what Doug told a South African listener, who is planning to move to Israel, about how to handle his finances when making aliya. Listen out for a link to an article explaining how to open a U.S. brokerage account from outside the United States and get some important advice about investing in Israel.
If you receive an inheritance, what is the best way to invest it – to pay off debt or put into savings? Follow a six-step plan for updating your portfolio to make the best use of an inheritance. When deciding on specific investments, is academic research helpful? According to Dana Anspach, CFP®, of Money Over 55, the answer is no. This is because often academics focus on a niche topic, whereas financial planners can see the complete picture. Follow Dana Anspach’s work at: http://moneyover55.about.com and on Twitter: @moneyover55. Click here to find out why your investments must be different from those of your parents.
Yair Shamir, former agriculture minister and founder of Catalyst Investments, discusses how venture capital aids new technologies and boosts the Israeli economy. Shamir is chairman of MTA – Metropolitan Mass Transit System, which is building a new public transportation system in Tel Aviv. Shamir explains how this system will revolutionize life not only in the city, but Israel’s central region’s economy. Learn how to approach your personal investments like a venture capitalist, and make sure your emotions aren’t affecting your decisions. Doug Goldstein discusses the potentially negative effect your emotions can have on the way you make financial decisions. When was the last time you reviewed your portfolio? Are you keeping your current investments because they are inherently strong, or out of a sense of loyalty to a particular company? Follow Yair Shamir and his work at: http://catalyst-fund.com/#team
Politicians often quote unemployment data, especially around elections, in order to gain votes. But what do these figures mean? Does the term “unemployed” refer to everyone who doesn’t have a job, including students and stay-at-home mothers, or only to those who are jobless but are actively seeking work? Professor David Howden of St. Louis University (Madrid campus) defines unemployed and explains how to interpret this data. Also on today’s show, is a discussion of mutual funds and discusses mutual funds and when they should or should not be used in cross-border investing. Find out how you can take Doug’s upcoming investing course for free by simply sending Doug your biggest financial: doug@profile-financial.com
Divorce splits the family’s finances into two. Sometimes the two halves aren’t exactly equal. Financial expert Peter Dunn discusses the most common money mistakes that arise during divorce: * Is to worth fighting to keep the house? * What should you do about your insurance policies?
What is the best way to get up to speed with financial issues if your soon-to-be-ex was in charge of the family’s finances? Divorce is not the only emotionally fraught life change where there is a great potential to make financial mistakes. Receiving an inheritance also requires difficult financial decisions. Many people don’t know what to do with their sudden windfall and they either end up spending it too fast or losing it on bad investments. In this financial podcast, find out the critical five steps you need to take to handle an inheritance and make the most of your newly acquired wealth. Follow Peter Dunn at: www.petetheplanner.com and on Twitter: @PeteThePlanner
Estate planning becomes more difficult when an American has non-American heirs. Listen to this financial podcast to find out about the most useful tools for cross-border estate planning, which strategies may be available to you, and what you need to know if your heirs are not U.S. citizens. Financial and estate planning is difficult enough for individuals; imagine how much more challenging it is for countries planning their budgets. Governments also seek strategies to prevent future economic problems and market crashes. Geoff Mulgan, former director of the UK Prime Minister’s Strategy Unity and Chief Executive of NESTA (National Endowment for Science Technology and the Arts) discusses whether democratic governments have made any changes in their planning since the market meltdown of 2008. What should have been done to improve existing financial systems, and was a useful opportunity for change lost? Follow Geoff Mulgan at www.nesta.org.uk/ and on Twitter @geoffmulgan.
Does financial equality really exist for women? Financial advisor Cary Carbonaro, best-selling author of The Money Queen’s Guide: For Women Who Want to Build Wealth and Banish Fear, reveals that women are still far from being financially equal to men. Generally, women live longer than men but work for a total of fewer years, for lower salaries, and as a result they tend to accrue two-thirds less savings than men. Find out how women can improve their financial situation and what they should do in the event of a divorce or the death of a partner. What happens to a brokerage account when its owner dies, and what if there is no will? Get tips and advice on how to claim the assets, what to do if the deceased lived in a different country, and what paperwork you need to start the process. Follow Cary Carbonaro at: http://moneyqueenguide.com and on Twitter @CaryCarbonaro and @MoneyQueenGuide.
What are the skills you need for making the right financial decision? Gary Belsky, CEO of Elland Road Partners and author of Why Smart People Make Big Money Mistakes and How to Correct Them, shares techniques for making effective decisions. Who is the best person to brainstorm and deliberate with about your financial decisions? What should you do if there is no one to talk to? When investing your money, don’t forget about the power of compound interest. Learn about compound interest, and how it could help create a more comfortable retirement. Follow Gary Belsky on Twitter @GaryBelsky.
Every U.S. citizen, even if resident abroad, has an obligation to file American taxes. This law applies even if you don’t owe anything. Veteran U.S. accountant and tax advisor Philip Stein explains what your tax obligations are to the IRS as a U.S. citizen living abroad. Find out what you need to report, what happens with Israeli retirement accounts and your keren hishtalmut. How much information does the IRS require from Americans who are resident overseas? Does your retirement planning include investing in an ETF (Exchange Traded Fund)? Listen to a detailed description of the different kinds of ETFs that are available, how they work, and how to decide if they are an appropriate investment for you. Follow Philip Stein, his blog, and podcast on: http://www.pstein.com and on Twitter @philipcpa Neither Profile nor PRG gives tax or legal advice. Dual citizens are advised to consult with a tax attorney who is knowledgeable about dual citizens.
Market volatility is affected by current events. What’s an investor’s best response to unexpected headlines? Financial advisor Joe Saul-Sehy returns to The Goldstein on Gelt Show to talk about what to expect as financial markets react to the upcoming U.S. elections.
Roger Whitney, “The Retirement Answer Man,” joins host Douglas Goldstein, director of Profile Investment Services, Ltd., to discuss the most common financial mistakes that people make. Learn the best way to work with your spouse to jointly manage your finances and other important money issues.
Follow Joe Saul-Sehy on: https://www.stackingbenjamins.com/ and http://moneytreepodcast.com, and also on Twitter @AverageJoeMoney Follow Roger Whitney on The Retirement Answer Man and on Twitter @Roger_whitney
Everyone wants financial security. Interestingly enough, one of the biggest indicators of financial success doesn’t deal with numbers at all. How does self-confidence affect the way women deal with personal finance? Financial podcaster and money counselor Jen Hemphill explains why financial struggles are frequently caused by a lack of self-confidence. Why do stay-at-home mothers often feel guilty about not earning money, even though they are doing an important job? As the American presidential elections approach, Doug Goldstein CFP® and guest co-host, financial advisor Roger Whitney, from The Retirement Man podcast, explore how the resultant economic upheaval may affect the way you invest. What should you do when dramatic world events impact the economy? Can having liquid assets available protect your portfolio? Follow Jen Hemphill at: http://jenhemphill.com/, where you can also join her financial community, and also on Twitter @jenhemphill Follow Roger Whitney at http://rogerwhitney.com/ and on Twitter @Roger_whitney
If you’re thinking of investing in the airline industry, what do you need to know? Seth Kaplan, managing partner of Airline Weekly and author of Glory Lost and Found: How Delta Climbed from Despair to Dominance in the Post-9/11 Era, explains how Delta Airlines reinvented itself and came back from its 2005 bankruptcy declaration. Find out the factors you should take into account if you are considering investing in an airline and what it takes for an airline to be profitable. What are the secrets of long-term investing? On today’s show, Doug Goldstein, CFP® talks about long-term investing and whether it’s worthwhile taking advantage of your 401(k) plan in spite of the annual administration fees. Follow Seth Kaplan on http://airlineweekly.com and on Twitter: @Airline_Weekly.
How much money do you need to save for retirement? Labor economist Teresa Ghilarducci, author of How to Retire With Enough Money: And How to Know What Enough Is, explains how to make this decision, based both on rules of thumb and your personal situation. Find out how to avoid the most common mistakes that people make when planning for retirement. Doug Goldstein, CFP®, talks about withdrawing from your retirement savings. Learn about the adverse results of not taking “required minimum distributions” on today’s show. Follow Teresa Ghilarducci at http://teresaghilarducci.org/ and on Twitter @tghilarducci
An important, yet neglected, aspect of financial success is organizing your paperwork. Melanie Cullen, author of Get It Together: Organize Your Records So Your Family Won’t Have To, explains why organized paperwork helps you manage your finances efficiently. Find out the best ways to organize your information and why storing it in the cloud is not always the best idea. After your paperwork is organized, and you can see your financial situation clearly, it’s easier to think about retirement planning. This week’s show discusses how to plan for retirement when you there are so many unknowns. Special guest: Zack the Puppet, CFPP. What’s a CFPP? Listen to the show to find out. Learn more about Melanie Cullen at: http://getittogetherbook.com Contact Zack, CFPP by clicking here.
Efficient estate administration minimizes the amount of time it takes heirs to receive an inheritance. Estate expert Peggy Atkins Munro, author of Estate and Trust Administration for Dummies, explains the basics that everyone should know when dealing with an estate, whether it is preparing your own estate or an inheritance. Find out the difference between a will and an estate plan and why both are important. In addition to estate planning, it is also important to pay attention to your investments while you are still alive. On today’s show, Doug Goldstein CFP® discusses how a brokerage firm works. Where does your money go when you invest it in a brokerage account, and how is it handled? Follow Peggy Atkins Munro at www.taxpanacea.com
What’s the first thing you should do if you receive a sudden windfall, such as an inheritance, legal settlement, or bonus? Robert Pagliarini, president of Pacifica Wealth Advisors and author of The Sudden Wealth Solution: 12 Principles to Transform Sudden Wealth Into Lasting Wealth, gives advice on how to take control of the situation. How do you get proper financial help and guidance, and how should you deal with people who want a slice of your newfound wealth? Most of us accrue wealth not through a windfall but through savings and compound growth. One popular investment vehicle to grow wealth is ETFs (Exchange Traded Funds). Listen to learn more about ETFs and if they are suitable for your situation. Also on the show is surprise guest Zack the Puppet, CFPP, who talks about a new financial educational resource. Follow Robert Pagliarini on http://suddenwealthsolution.com and on Twitter @rPagliarini
Can an investment failure ultimately lead you to financial success? Yahoo Finance columnist Rick Newman, author of Rebounders: How Winners Pivot From Setback to Success, talks about how to rebound from a loss. Find out how to determine whether you should quit and minimize your losses or ride out a difficult situation till the end. Instead of being afraid of failure, use it as a learning tool. Doug Goldstein, CFP® talks about the upcoming U.S. presidential elections and how their influence on market volatility. Listen for information about a free webinar on how the election results may affect your retirement savings. (Reserve your spot here.) Also find out about a common investment strategy that leads many investors astray – and what you can do instead. Follow Rick Newman at: http://rickjnewman.com and on Twitter @rickjnewman
Since schools don’t make financial education a required subject, many people grow up not knowing how to manage their financial affairs. Andrew Fiebert, host of the Listen Money Matters podcast, explains the best ways you can learn about personal finance and how to manage your money. Find out how to avoid the most common financial mistakes and better your personal financial education. When should you sell your investments? How do you know when to sell a stock? If you sell it when it is profitable, you may miss out on potential further gains if it continues to increase in value. But if you sell it when it decreases in price, you have lost money. Douglas Goldstein, CFP®, gives tips on how to make the right decision about when to buy or sell. Don’t forget to sign up for the upcoming free webinar about the possible effects of the U.S. election on your retirement savings – http://bit.ly/Profile_USElections Follow Andrew Fiebert on https://www.listenmoneymatters.com/ and on Twitter @andyfieb
Being a disciplined investor is an important character trait of successful investors. Andrew Horowitz, CFP®, author of The Disciplined Investor: Essential Strategies for Success explains the necessity of self-discipline when investing. What is the best way to deal with media frenzy, risk, and drama in the markets? Being a disciplined investor is more than watching the markets. It also plays into how you discuss financial concerns with your spouse and teach money to your children. Show host Douglas Goldstein, CFP®, brings his wife, BatSheva Goldstein, to the show to discuss their personal strategies for financial discipline and what financial messages they try to convey to their own family. Follow Andrew Horowitz at http://www.thedisciplinedinvestor.com/ and on Twitter @andrewhorowitz
Financial fitness isn't only about staying within your budget and savings. It's also about monitoring your stress level on financial issues. Shannon McLay, founder of The Financial Gym, discusses financial health and why every individual needs their own personal "diet" and "workout". Find out why it's important to work on your money habits while you are still young. Should you sell your house when you retire? Doug Goldstein, CFP®, answers the question of whether it's a good idea to sell your house before you retire. He also gives tips on when you should hand over financial control to the next generation. Watch the 12-minute video of a recent seminar on this subject at: http://www.profile-financial.com/letting-go Follow Shannon McLay at http://financialgym.net and http://financially-blonde.com/, and on Twitter @theshannonmclay
How much of an influence should your personal beliefs have on your money values and choices? Patricia Aburdene, author of Conscious Money: Living, Creating, and Investing with Your Values for A Sustainable New Prosperity, explains why making financial choices in accordance with your conscience may help you become a better investor. Find out what "conscious money" is and why doing a value review should be an important step in deciding how you invest. What happens if you are "retirement rich" but "cash poor"? Doug Goldstein, CFP®, addresses the problem of having sufficient retirement savings but not enough liquid assets. How can you deal with liquidity issues and improve your cash-flow? If you are an American citizen residing abroad click here to register for our free webinar on U.S. investments for Americans living overseas. Follow Patricia Aburdene at http://www.patriciaaburdene.com and on Twitter @paburdene
Trying to save money is never easy, but you can save more when you avoid common mistakes. Professor Ofer Azar of Ben-Gurion University explains what the most frequent money mistakes are. Find out why people scramble to save on smaller purchases rather than to save larger sums on bigger ticket purchases. Should you invest in your home country or abroad? While it might seem best to invest in your home country because you are familiar with it, investing abroad and geographic diversification may be more profitable. Douglas Goldstein, CFP®, explains what may be the easiest way to invest internationally. To read the article quoted on the show, click here. Follow Professor Ofer Azar at: www.oferazar.com
Now that Donald Trump has won the elections, investors are wondering what may happen to the U.S. economy. Economist Professor Lewis Mandell shares his opinions on the possible effects of the president-elect’s future policies on equity and bond markets, the national debt, and changes in taxation. How might this affect stocks and other investments?
Keep your finances in shape
Doug Goldstein, CFP®, and guest co-host Shannon McLay, founder of the Financial Gym, give tips and advice on how to stay financially fit. Get ideas on how to save more money and build your wealth on this financial podcast.
Follow Professor Lewis Mandell at: http://www.lewismandell.com
Follow Shannon McLay at: http://financialgym.net and on Twitter @theshannonmclay
Should corporate social responsibility be a factor in determining your investment decisions? Devin Thorpe, Forbes columnist and author of Adding Profit by Adding Purpose, explains why a company’s profits aren’t antithetical to social good. He also gives tips on how to identify companies that genuinely do good as opposed to those that promote a false image of social responsibility. Should retirees keep any money in the stock market? According to some opinions, retirees should cash out all of their stocks, while others say they should leave their money in stocks to protect them from inflation. Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., looks at both opinions on today’s financial podcast. Is there a “right” or “wrong” answer? Follow Devin Thorpe at http://devinthorpe.com/ and on Twitter @devindthorpe
Why do investors need to know about the central banking system? Have the banks learned anything from the 2008 market crash? Neil Irwin, The New York Times economic correspondent and author of The Alchemists: Three Central Bankers and a World on Fire, discusses whether the economy is on the verge of another crash, the impact of having banks that are considered “too big to fail”, and how the central banking system affects the decisions of individual investors. When planning your investments or for retirement, you don’t only need to look at the central banking system, but also at the circumstances in your own life, such as your age. Doug gives focused investment advice on how to plan for retirement when you are in your 30s, 40s, and 50s. Find out how your age affects your risk level, what kind of expenses you may have, and the best kinds of investments for you, depending on your age. Follow Neil Irwin at: www.nytimes.com/section/upshot and on Twitter @Neil_Irwin
If you are an American living in Israel, how do you claim Social Security? Due to a class action lawsuit, the Windfall Elimination Provision (WEP) is no longer applicable to pensioners who receive bituach leumi. However, if you receive another Israeli pension, you may still be affected by WEP. Watch this video, “Are You Getting the Social Security You Deserve,” which will tell you more about how to plan successfully for retirement and avoid Social Security mistakes. You may also be wondering when the best time is to take Social Security. Andy Landis, author of Social Security: The Inside Story, explains why sometimes it’s a good time to take it early, but why it is usually better to wait. What is the future for the Social Security system, and is it linked to inflation? If so, how will that affect your financial future? Follow Andy Landis and his work at: http://www.andylandis.biz
Considering early retirement? At first the idea of this may sound very appealing. But is retiring at a young age possible or even a good idea in your situation? Today's show provides three points to consider when determining the ideal retirement age. The second half of the show looks at planning the future of the younger generation. Cameron Herold, founder of 1-800-GOT-JUNK and author of Double Double: How to Double Your Revenue and Profit in 3 Years or Less, explains why children should be trained to become entrepreneurs when they are very young. He also shares the Vivid Vision business model that you can adapt to build your own financial future. Read more about Cameron Herold and his work at: www.cameronherold.com Watch his TED talk here and follow him on Twitter at: @CameronHerold.
If there is one investment strategy that financial professionals agree on, it may be…objectivity.
Relying purely on your emotions when making financial decisions can seriously damage your investment strategy.
Dr. C. Thomas Howard, co-founder of AthenaInvest, talks about why objectivity should be an important component of your investment strategy. He describes the five emotional triggers that cause the most damage, and why he thinks Modern Portfolio Theory may lead to emotional investing.
However, don’t be discouraged if you do make a wrong investment decision. You can always learn from your mistakes.
This is also an important lesson to teach your children. Find out why it’s a good idea to let your children make financial mistakes… and learn the best way to help them understand the importance of financial responsibility.
Follow Dr. C. Thomas Howard at: http://www.athenainvest.com/
Many people believe that frugality is the key to getting rich. Self-made multimillionaire and financial podcaster Linda P. Jones disagrees. Listen to her interview on The Goldstein on Gelt Show to find out why being frugal isn’t enough. Linda explains why you should follow the lead of billionaires rather than millionaires when making investment decisions. When considering where to put your money, you need to understand what is “reasonable,” and what rate of return would be a cause for alarm over a period of ten or twenty years. Follow Linda P. Jones at: http://www.lindapjones.com/ and on Twitter: @LindaPJones
When you retire, will you spend all day at home in your “empty nest?” What do you want to do after you retire, and do you have the funds to do it? Roger Whitney, “The Retirement Answer Man,” talks about how to plan life after retirement. Find out how to get ready to live your dreams and how to avoid some of the most common retirement mistakes on the way. Since it is now “wedding season”, remember that making a wedding should empty your house, not the bank account. Get tips and advice on how to make a budget conscious wedding that is well-planned, fun, and a great foundation for a secure future. Follow Roger Whitney at http://rogerwhitney.com, and on Twitter @Roger_whitney
Making money mistakes can have ramifications that can take years to correct. What are the most common mistakes people make with their money, and how can you avoid them? In today’s show, Doug shares common financial errors people make, and gives suggestions on how to be a more successful investor. Many money mistakes happen when a couple is getting divorced – both in the negotiations and immediately afterwards while setting up separate lives. Financial advisor Ted Jenkin of oXYGen Financial explains the three money issues that you must think about during a divorce. He also answers crucial questions about how divorce affects Social Security when you retire, and whether financial pre-nuptial agreements are really effective. Ted Jenkin blogs about money, divorce, and other financial issues at http://www.oxygenfinancial.net/ Follow him and his work at: @oXYGenFinancial
How do interest rates affect the way you plan for retirement? Dan Moisand CFP® explains how interest rates affect retirement planning. He also discusses the best way to withdraw money from retirement plans (including IRAs) without incurring any penalties, and the circumstances in which you may end up paying an extra 10 percent. Follow Dan Moisand at his work at: http://www.moisandfitzgerald.com How do retiring to Israel and making aliya affect your finances? Will you still have to pay U.S. taxes, and will you still be able to maintain your American retirement and investment accounts? Listen to today’s show to get access to an article that answers these questions. Also, find out how you can take Doug’s upcoming course on investing for free.
How can you best plan for retirement in Israel? On the show, Doug discusses retirement planning, including: * When should you start to take Social Security? * How to get regular income from your investments to supplement your pensions * How to maintain U.S. brokerage and IRA accounts while living in Israel
Bestselling author Jay Papasan, co-author of The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results, explains how to find the one thing that motivates you to achieve your goals, retirement or otherwise. Jay shares techniques for developing good money-building habits that lead to a meaningful life and successful retirement. Follow Jay's work on Twitter at @jaypapasan and on LinkedIn and Facebook. Visit his website: www.the1thing.com
When you plan for retirement, what are the choices you need to make? Joel Kranc, author of Retirement Planning in 8 Easy Steps: The Brief Guide to Lifelong Financial Freedom, explains why your retirement planning should not always follow “rules of thumb.” Instead, you should base your retirement on personal choices. Discover the eight steps you need to take when you plan for retirement. Are you worried in case there could be another economic crash like in 2008? Doug Goldstein, CFP®, who counseled his clients through the credit crunch, talks about how the central bankers handled the situation and what might happen next. Read Doug’s review of Ben Bernanke’s book about the 2008 crash. Follow Joel Kranc at http://kranccomm.com/ and on Twitter @kranccomm
Risk management is an important strategy in investing. On today's show, Professor Lewis Mandell, financial economist, author, and former Dean of Business at the State University of New York at Buffalo, discusses risk management and explains why he thinks the popular tactic of portfolio rebalancing may be a mistake. Read Professor Mandell’s book What to Do When I Get Stupid , and visit his website http://lewismandell.com/ Follow him on Twitter: @lewmandell. Doug answers a listener’s question on today's show when he tells you what you need to know about opening a U.S. brokerage account in Israel. Click here for a free interactive tool that will guide you in what you need to know when opening a U.S. brokerage account.
What are the necessary qualities for successful investing? Very often, investing success comes from making the right decisions. On today's show, find out: * how you can improve your decision making skills, * what "decision fatigue" is, * why you should choose the sources of financial advice carefully.
Another important tool for achieving investment success is self-discipline. Rory Vaden, best-selling author of Take the Stairs: 7 Steps to Achieving True Success, talks about the skills that you need to stick to your plan and why it is a good idea to work hard at the beginning to get good long-term results. Follow Rory Vaden and his work at: www.roryvaden.com and on Twitter at @rory_vaden.
Can you avoid stringent U.S. tax legislation aimed at Americans living abroad by renouncing your American citizenship? On today's show, Doug answers a letter from a listener asking how to deal with U.S. tax obligations and whether it is worthwhile to renounce American citizenship. Get a link to the video of an interview with Bitcoin pioneer Roger Ver, who explains why he gave up his citizenship. What should an individual investor do when devising a personal investment strategy? Should you own individual stocks? George Sisti, CFP®, a former U.S. air force pilot and certified financial planner, shares a simple strategy for personal investing. Read George Sisti’s columns on Marketwatch - http://www.marketwatch.com/ and sign up for his newsletter at http://www.oncoursefp.com/
Are you guilty of making these common investment mistakes? Larry Swedroe, director of research at Buckingham Asset Management, gives tips on avoiding investment mistakes and reviews important financial concepts investors frequently forget. Larry Swedroe’s blogs at http://mutualfunds.com/ and http://www.etf.com/ Follow his work here: http://buckinghamadvisor.com/ and on Twitter @larryswedroe One common financial mistake people make is giving their adult children too much financial assistance. Doug discusses how much money you give your children, and should this be at the expense of your future retirement? Get tips on what to do if you think you are falling behind with saving for retirement
James Rickards, best-selling author of The Death of Money and Currency Wars, and editor of Strategic Intelligence, talks about the approaching world economic crisis. * Why does James Rickards say that this crisis will “resemble nothing in history”? * How can individual investors protect themselves? * What is the similarity between these predictions and earthquake science? * Why is investing in fine art a good idea?
Follow James Rickards on Twitter on @JamesGRickards and at: www.Jamesrickardsproject.com
What are the best ways to save money and manage your investments successfully? Behavioral finance categorizes investors into five different categories. Where are you, and where should you be? Learn why timing the market does not necessarily make you a better investor. In order to save money, you need to make effective financial choices. Professor Terrance Odean of the University of California at Berkeley returns to The Goldstein on Gelt Show to talk about how to make smart financial decisions. He talks about: * why living on credit is not a good idea, * how to make the right choices when purchasing life insurance, * if money can actually make you happy.
Follow Professor Odean and his work at: http://faculty.haas.berkeley.edu/odean/ and on Twitter at:@terranceodean
The way that you invest is very individual, as what may be good investment choices for one person may not be appropriate for someone else. It’s easy to find articles about successful billionaires and their investments on the internet. But are articles such as “Top 5 Positions in T. Boone Pickens’ Portfolio” relevant to you since your background and situation are very different? On today’s financial podcast, find out what you need to keep in mind when choosing investments, and why reading about a billionaire’s investments may not be helpful to you. MarketWatch contributor and financial writer Paul Merriman explains how to make investment decisions that aren’t based on emotions. Which are the best sources of financial information, and how can you find a financial advisor you can trust? Read Paul Merriman’s articles and books at: http://paulmerriman.com/ Follow him on Twitter: @SavvyInvestorPM
Kurt Cobb, author, journalist, and expert on energy and the environment, returns to Goldstein on Gelt to discuss the energy crisis. Are natural sources of energy, such as thorium and molten salt, effective alternatives to oil?
Tom Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals and Rich Kids, talks about the habits that self-made millionaires learned from their parents. How can you teach rich habits to your children, even if you are not wealthy yourself? What are the most important financial lessons that your children can learn from you? Why are wealthy people less likely to gossip? Follow Tom Corley and his work here: www.richhabits.net
In the second part of the show, Doug introduces a new podcast about chess and investing that is connected to his upcoming new book Rich as a King, which he is co-authoring with Grandmaster Susan Polgar. Find out how the tactics used in chess can help you become a better investor – even if you’ve never played chess in your life.
ETFs (Exchange Traded Funds) are a popular investment tool. Today's show is devoted to ETFs and gives you an idea what these investments are and how they work. Instead of a guest interview, get a taste of a financial podcast with a twist. The Rich As A King financial podcast is based on Doug's bestselling book, co-authored with Susan Polgar, Rich As A King: How the Wisdom of Chess Can Make You a Chess Grandmaster. Doug also discusses how he manages his own money, providing a link to a 4-minute "How Do You Manage Your Own Money," which you will find at www.profile-financial.com/faq-video, a selection of videos dealing with frequently asked personal finance questions. Find out why money managers often suggest ETFs and how they can help you make more effective financial decisions.
Harry S. Dent, Jr. is the founder of Dent Research, an economic forecasting firm specializing in demographic trends and author of The Demographic Cliff: How to Survive and Prosper During the Great Deflation Ahead. Discover why the study of demographics so important for predicting the economic future. * What's the connection between demographics and economic forecasts? * What is the geopolitical cycle and how does it affect markets? * What are inflation and deflation, and what lies ahead in the near future?
Follow Harry Dent and his work at: http://www.dentresearch.com/
In today's show, Doug talks about investing in technology. Despite the risks involved in technology investments, there may be subdomains within technology that can be good returns. A few of the big picture domains include: * Semiconductors or chips: basically, anything that has a chip inside. This industry is worth millions, if not billions, of dollars. * Software: from Facebook to Twitter to your operation system, everything runs on a code that someone wrote.
When investing in technology watch out for: * Tech stocks are often traded at a premium compared to other market categories because of expected above average growth rates. * Tech companies often do not have profits - sometimes they don't even have cash flow!
There are many investment instruments you can use if you decide investing in technology is in congruence with your risk tolerance level. Technology stocks want to make the world better. Can they also improve your investment returns? Dr. Peter Diamandis, Chairman and CEO of XPRIZE, and Best-selling author of Abundance and Bold, explains why he thinks that the world is a much better place than it used to be. People are living longer, and personal incomes and living standards are higher than they have ever been. But is Diamandis too optimistic? Should all of this good news be tempered with great caution? Hear Diamandis respond to that question and also explain what areas of the economy are most likely to grow in the near future. Follow Peter Diamandis and his great ideas for improving the human condition with incentive prizes and other projects here: http://diamandis.com/ http://singularityu.org/ http://www.xprize.org/ https://herox.com/about
The U.S. Social Security Administration redefined WEP and bituach leumi, so that people in Israel may receive more Social Security. Doug explains the changes in WEP, and warns about being complacent. Social Security is one of the tools in the fight against poverty, but why are there so many poor people? 2015 Nobel Prize Winner in Economics, Professor Angus Deaton, author of The Great Escape: Health, Wealth, and the Origins of Inequality, provides some interesting answers. Professor Deaton describes his research about poverty, helping the poor, and the reason that the current systems are destined to fail. He also answers the question: Is it smart to help the poor by just giving them cash? Follow Professor Deaton and his work at: http://scholar.princeton.edu/deaton/home
Should you invest in emerging markets like China and Brazil? The rapid economic growth and rising stock prices in emerging markets may look enticing, but don’t ignore the high risks involved. Consider diversifying investments into mutual funds, ETFs, and ADRs, or even a separately managed account (SMA). For an in-depth discussion of investing in the Russian emerging market, Doug speaks with former world chess champion Garry Kasparov. After he retired from professional chess in 2005, Garry became a pro-Democracy proponent for Russia and is the author of the new book Winter Is Coming: Why Vladimir Putin and the Enemies of the Free World Must Be Stopped. Is Russia a good prospect for investment? What is life really like in Russia today? Is the current regime as popular at home as it appears to be in the press? Have the Russian people simply swapped one authoritarian regime for another? Listen to Garry Kasparov’s answers to these questions on this episode of The Goldstein on Gelt Show. Follow Garry Kasparov and his work by visiting his website, www.kasparov.com. You can also follow him on Facebook and on Twitter @Kasparov63.
How can you invest for retirement in a low-interest rate environment? One answer is to invest in bonds. Learn why many retirees choose to invest in bonds, what the risks are, and how to buy them. Investing in a bond fund can help diversify your portfolio. This week’s Goldstein on Gelt podcast gives a link for a video about bond laddering and an article that explains how bond funds can increase your portfolio’s diversification. Professor Burton G. Malkiel of Princeton University, bestselling author of A Random Walk Down Wall Street, takes the idea of investing at low risk further. He recommends three tools that may help you to invest for retirement in today’s low-interest environment and shares his predictions for inflation and interest rates.
This week, it’s Doug’s birthday, and to celebrate, he goes back to basics. He shares the wisdom that his mother, a 17-year veteran of Wall Street, taught him, and the stock-picking trick his grandmother, one of the first women to be licensed as a stock broker in America, used.
In today’s guest interview, Peter Schiff, economist, financial analyst, and president of the Euro Pacific Bank, discusses the U.S. government’s debt and its effects on the economy. How can the American government debt be repaid? Peter Schiff goes head-to-head with Obama’s policies. He believes America is heading for a rude awakening when the world realizes that the U.S. can’t pay back her debt. Learn about Schiff’s solution to the debt crisis.
Follow Peter Schiff’s work at: http://www.europac.com/
Listen to his podcasts at www.schiffradio.com
Find out more about his books at: www.schiffbooks.com
Financial expert Peter Schiff returns to The Goldstein on Gelt Show with some advice for the 2016 president-elect on the American economy. Whether Clinton or Trump is elected, the American president must take America out of the current recession and restore America’s greatness. In his message to the next U.S. president, Schiff explains the effects of a weak dollar on stock prices and much more. The next U.S. president will inherit an economy in shambles. But what happens when you inherit a stock position from your parents? How will that inheritance affect your finances? Find out what you need to know when you inherit assets. What questions do you need to ask yourself when deciding whether to sell inherited stocks or keep the original positions? Learn more about Peter Schiff at: www.schiffradio.com (podcast), www.europac.com (financial advice), and www.schiffgold.com (gold company.) Follow on Twitter @PeterSchiff and watch his videos on YouTube at: The Schiff Report Channel.
Did you ever wonder why people make such a big deal about interest rates? Doug explains why interest rates affect you, what you should do if you think rates will keep rising, and how the risks of rising interest may impact your financial health.
In today’s interview, Doug meets Anne-Marie Slaughter, president and CEO of New America and author of Unfinished Business: Women, Men, Work, Family, who left her prestigious position as the first woman director of Policy Planning for the U.S. State Department to take care of her family. Shunned by many other feminists, she explains to the Goldstein On Gelt audience why she is still a feminist, but why the feminist movement hasn’t finished its job. What is the true meaning of equality, and why do attitudes need to change towards both men’s and women’s roles in order to achieve it?
Follow Anne-Marie Slaughter on Twitter: @slaughterAM
You can also find out more about her work at:
http://www.randomhousebooks.com/authors/anne-marie-slaughter/ and
https://www.newamerica.org/
You don’t need to be an American to trade in U.S. securities. Find out how to invest in one of the most popular investment tools, Exchange Traded Funds (ETFs), even when you don’t live in America. Learn why ETFs are such popular investments, and how they may improve your portfolio’s return. Listen for the link to a video that will tell you if you need a money manager to handle your ETFs.
If you want to improve the way you handle your financial life, listen to the discussion with Marshall Goldsmith, author of Triggers: Creating Behavior that Lasts.He gives actionable tips that are easy to implement in order to improve your finances, and life in general. He even shares the details of the single most important phone call he has… every day!
Follow Marshall Goldsmith at www.marshallgoldsmith.com. You can also email him for more information about his work at marshall@marshallgoldsmith.com
Do you know the implications of moving your money from one country to another? The San Bernardino terror attack had serious repercussions on the world banking system. Learn which measures to take to keep your money out of the hands of terrorists. Does having a U.S. brokerage account protect against money laundering and keep your personal information safe?
Steve Lohr, Pulitzer Prize winning journalist, editor, and author of Data-ism, weighs in on preventing money and personal data from falling into the wrong hands. He discusses information technology and data around the world. Data-gathering has many positive purposes, but it also has a dark side. How does data-gathering violate your personal privacy? Are banks doing enough to prevent money laundering?
Follow Steve Lohr and his work on the technology blog at The New York Times and on Twitter at @SteveLohr.
Retirement planning isn’t only about accumulating enough assets.
One of the secrets of financial success is developing good money habits. You can improve your financial habits by following the three T’s. Tune in to find out what these are.
Preparing for retirement isn’t only about money. Doug speaks with Stan Hinden, retired Washington Post financial writer and author of How to Retire Happy: The 12 Most Important Decisions You Must Make Before You Retire, talks about how the most important things to do to prepare for an enjoyable retirement.
- What are the two lists you should make when you retire?
- What happens if you don’t save enough money during your working years?
Listen now to find out the answers to these questions.
“Save for Retirement” is a common mantra among financial professionals, but what are the specific strategies you should use?
What is the secret of successful long-term saving and how can you make sure to stick to your goals?
Don’t miss Doug’s top tips, as he explains the best way to save for retirement.
- Why is it so important to automate your savings?
- How do you know what you will need when you retire?
- Should you follow the movements of the markets?
The beginning of the new fiscal year is a great time to review your financial plan, and update as necessary.
If you have any financial questions that you would like discussed on the show, send them to: doug@profile-financial.com.
Did you give (or get) a gift recently?
If you give a sizeable financial gift, who pays the tax? The donor or the recipient?
What are gift exclusions and how do they relate to couples?
In today’s Goldstein On Gelt interview, Doug speaks with futurist Martin Ford, New York Times best-selling author of Rise of the Robots: Technology and the Threat of a Jobless Future. Martin questions whether the rise of automation and increase use of robots means we need to fear for job security as well as economic security. He speaks about the limitation of computers, and the best way of investing in the financial markets in an automated world.
Follow Martin Ford on Twitter: @MFordFuture
What are the most common questions that investors ask? Doug created a series of 12 short videos with the answers to the questions he is most frequently asked.. Watch the videos at www.profile-financial.com/faq-video. Today, Doug helps you with your financial paperwork, and lets you know what papers you really need to keep.
In today’s interview Roger Lowenstein, author of America’s Bank: The Epic Struggle to Create the Federal Reserve, explains why the Federal Reserve was created and suggests why the large debt may NOT be a harbinger of doom. With a more optimistic attitude than many experts, Roger explains how the Fed controls and stabilizes currency.
Follow Roger Loewenstein and his work at: www.rogerlowenstein.com
Is the bank really the best place for your money? And what are the best financial habits that you should try to adopt? Doug shares tips to implement financial habits such:
- When is taking money out of the bank an important financial move?
- What's the difference between a mutual fund and an ETF?
Today’s guest, Aviad Goz, representative of Franklin Covey in Israel, specializes in the Seven Habits of Highly Successful People, written by the late Steven Covey. Aviad talks about taking personal responsibility for yourself and your wealth. He explains the best way to become proactive instead of reactive, and how to properly set goals.
Follow Aviad Goz and his work at: www.momentum.org.il
Read Aviad’s book: Self-Navigation: A Compass for Guiding Your Life and Career
The most common retirement planning mistakes are made by pre-retirees. These include:
- Overspending
- Underspending
- Social security mistakes
Doug explains common mishaps people make and offers suggestions on how to avoid them.
Today’s interview with Professor Laurence Kotlikoff of the Economics Department at Boston University, author of Get What's Yours: The Secrets to Maxing Out Your Social Security, discusses the changes in Social Security rules, including changes in claiming spousal benefits. Professor Kotlikoff explains how people’s retirement plans are getting knocked off course by new legislation, and advises when you should first claim your Social Security benefits.
Follow Professor Kotlikoff and his work at: http://www.kotlikoff.net/
For more information about making the most of your Social Security entitlements, visit: http://maximizemysocialsecurity.com/
For useful software, developed by Professor Kotlikoff, to help you plan your finances, visit http://esplanner.com/
In today’s show, Doug answers a commonly asked question: Should people entering a second marriage combine their assets? Doug explains the pros and cons of setting up joint accounts with a new spouse, and lists five important factors to consider when making this decision:
- Prenuptial agreements
- Financial privacy (separate doesn’t mean hidden)
- Compromise
- Account beneficiaries
- Finding a happy medium
For more information on this subject, read the following:
http://finance.yahoo.com/news/5-mistakes-people-make-when-they-remarry-152317027.html
http://www.thefinancegirl.com/how-to-combine-your-finances/
If basic money management skills are so obvious, why are so many people unaware of them? Cary Siegel, author of Why Didn’t They Teach Me This in School?-99 Personal Money Management Principles to Live By, teaches the vital personal finance lessons that we never learn in school.
Find out the top 3 things that everyone should do to be financially responsible:
- Live below your means
- Keep a written budget
- Save half the raise you get
Discover how devoting just one hour per week to personal finance can make you rich. Listen to Cary’s story about how he taught “adult entertainers” how to manage their own money. How many financial advisors get to speak to 100 adult entertainers at once… and tell the story on the radio?
Follow Cary Siegel and his work at:
http://www.whydidnttheyteachmethisinschool.com/
On today’s show, Doug explains an important fact that everyone who has an IRA should know about bequeathing it to the next generation. Find out what a "stretch IRA" is and how it can save taxes for many generations!
For a clear definition of a stretch IRA, see: http://www.investopedia.com/terms/s/stretch-ira.asp
Today, we meet programmer Jeff Kaufman. Jeff and his wife Julia are an amazing example of how regular people can have a huge impact on the world. Jeff explains how he and Julia donate half of their income to charity. How does their generosity affect their lifestyle? Is it possible to save and plan for retirement if you donate a lot of your resources to charity?
Follow Jeff and Julia’s work at Julia’s blog: www.givinggladly.com
True story: someone had an IRA with a big U.S. brokerage firm, but he lived overseas. Recently, the firm told him that they would stop servicing his account and that he had to transfer his assets out. What should he do? What is the easiest way to transfer an IRA from one brokerage firm to the next? In today's episode of The Goldstein On Gelt Show, Doug explains what you should do if this happens to you.
Doug also explains why you should care if your money guy is a "financial advisor" or a "money manager."
In today’s interview, Professor Tomas Lindahl, this year’s Nobel Prize in Chemistry, talks about his research with DNA and the human genome. Dr. Lindahl shares insights about the vulnerability of your DNA… and how it might be possible to fix it. Is a cure for cancer on the horizon? Discover why medical research is one of the most important investments there is.
Today, Doug returns to the theme of the habits of wealthy people. Adopt these habits of financially successful people for yourself:
- Pay your bills as soon as you get them
- Read personal finance books.
- Start by saving – pay yourself first.
- Set limits on purchases
Today’s interview explores how adding the human touch and a little fun to government policy and individual investing produces results. Dr. David Halpern, creator of the British government’s “Nudge Unit” explains how governments can use behavior finance research to dramatically influence the way people act. Can you apply these same tools to make yourself a better investor, saver, and philanthropist?
Follow Dr. Halpern and his work at: http://www.behaviouralinsights.co.uk/
On today’s show, Doug talks about good financial habits. The habits of wealthy and successful people include:
- Automate savings
- Control impulse spending
- Track expenses
- Take advantage of tax-deferred growth and compound interest
- Maintain an emergency fund
- Eliminate and avoid debt
When you set up good habits, use the sequence of the three Ts: Target, Trigger, Treat.
Today’s guest takes the theme of good financial habits a little further. Dr. Ben Tiggelaar, author of Dream, Dare, Do, talks about effective self-management and how to improve the way you manage your finances. Do your emotions affect the way you behave? This interview has great tips on how to develop good financial habits and stick to them.
Follow Dr. Tiggelaar’s work on: www.Tiggelaar.com
What should you do if your U.S. brokerage firm tells you that they don’t want you as a client anymore? Doug explains why this might happen, and why you should see this as an opportunity instead of a problem. He also directs you to his popular 10-minute video, "U.S. Brokerage Accounts for Non U.S. Residents," which thousands of people have watched.
Watch it here: http://profile-financial.com/videos/us-brokerage-accounts
In today’s interview, Robert K. Weiss, vice chairman and president of XPRIZE, discusses how incentive prizes boost investment and why they can be used instead of grants to boost research.
- How was the XPRIZE launched?
- Is research into space travel a good investment?
- What is Israel’s connection with the XPRIZE?
Follow Robert K. Weiss and the XPRIZE at: www.XPRIZE.org
Today, investing and banking are processed electronically. What really happens to your money when you invest? Doug answers this question by revealing the differences between banks and brokerage firms and how each one uses and views your money.
In today’s interview, Milton Kotler, president of the Kotler marketing group and co-author of Winning Global Markets: How Businesses Invest and Prosper in the World’s High Growth Cities, talks about his company and why he decided to invest in China.
- Why did Kotler invest in China?
- How much of China’s economy is government controlled?
Why does Milton believe that global growth is measured by city by city rather than country by country?
Book: “Broken Abacus” by Daniel Rosen
Book: “Winning Global Markets” by Milton Kotler
www.kotlermarketing.com
Professor Irwin Horwitz of Texas A&M University returns to The Goldstein on Gelt Show to share his thoughts on the American education system.
- How will the decline in standards ultimately affect the economy?
- Are we focusing on the right things in education?
Why is it important to stand up for your beliefs and how can you do so in a hostile environment?
Doug spoke about:
How to get things done
Clear your mind
How to become better investor
Budget, Pay your bills as soon as get them, create a filling system, cleanup your debts, shred documents you don’t need anymore.
Identity Thefts
Andy Andrews, best-selling author of The Butterfly Effect and The Traveler’s Gift, returns to the Goldstein On Gelt Show to discuss:
- What should you do when you think you have run out of ideas or solutions?
- How reading biographies and autobiographies can turn your own life around
- What is the Butterfly Effect, and how does it help you to become a successful parent?
Visit Andy’s website, www.AndyAndrews.com to access his free four-part video series on parenting. You can also follow him on Facebook at Andy Andrews and Twitter - @AndyAndrews
Rex Sinquefield explains how and why he developed this investment tool. He also shares his thoughts on the importance of learning chess and why philanthropy is an integral part of personal finance.
- What are index funds?
- How should people invest their money for the long term?
- Why should schools teach chess?
- What is the best way to give charity?
The Show-Me Institute
RexSinquefield.com
Ami Gal, co-founder and CEO of SQream Technologies, discusses how his company’s technology analyzes data quickly and efficiently.
- Why is quality analysis critical for achieving good results?
- What data analysis models used in personal finance?
- Why do Israeli companies have the edge in creating useful high-tech tools?
Follow Ami Gal and SQream at:
www.SQream.com
Lisa Daftari, investigative journalist and expert on the Middle East and counterterrorism, discusses the U.S-Iran deal.
- Why are many people, including some of the Arab world, against the deal?
- Why is the West negotiating with the current Iranian regime when several American hostages are being held in Iran?
- What are the financial ramifications of the deal?
Follow Lisa Daftari on: http://www.lisadaftari.com/
Professor Dani Bercovich, head of the MSc program on biotechnology at Tel Chai College and scientific director of Galil Genetic Analysis, discusses new genetic tests that can assess your genetic risk of developing cancer. Find out if you should be tested, why it is important to know, and what can be done to lower the risks if a predisposition exists in your family.
- Which forms of cancer are covered by the tests?
- Does the government fund the testing?
- How does knowing possible medical risks affect financial planning?
Follow Professor Bercovich and his work at: http://www.gga.org.il/
Dr. Nicole Lipkin, business psychologist and bestselling author of What Keeps Leaders Up at Night, talks about the human psyche and how it can either work for you or against you. While the brain is a powerful instrument, beliefs and desires affect the way you process information.
- How does this impact the way you invest and make decisions?
- Why do “good” bosses sometimes turn “bad”?
- Why are some people “too busy to win,” and how can you prevent overload in your life?
Follow Dr. Lipkin and her work at:
www.equilibrialeadership.com
On Twitter at: @DrNicoleLipkin
and on LinkedIn
Michel Koopman, chief executive officer at getAbstract Inc., talks about his company. Discover how reading book abstracts helps people gain the information they need to be more successful in business.
Discover the difference between reading a book abstract and reading the entire book? Hint… it’s not just a difference in time.
Follow Michel and his work at: http://www.getabstract.com/en/
and on Twitter: @mkoopi
Professor Dirk Philipsen of Duke University, author of The Little Big Number: How GDP came to rule the world and what to do about it, discusses how GDP became a universally used indicator of economic performance.
• What is the “GDP,” and what is its significance to the economy?
• How efficient is GDP as a measure of economic growth?
• Is there a better, more objective tool for assessing prosperity?
Follow Professor Philipsen’s work on: http://www.dirkphilipsen.com/
Democratic presidential candidate Doug Shreffler talks about his campaign, which follows the motto “as good as it gets.” What are the main issues that he would deal with, if elected, and what are his reasons for running for president?
-How would Doug Shreffler deal with the U.S. National Debt?
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What are his plans for overhauling the Social Security system?
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What are his views on the Iran Deal?
Follow Doug Shreffler at:
http://www.dougshrefflerthenextpresident.com/
Sarah Steelman, professor in the Economics Department of the Missouri University of Science and Technology and a former State Treasurer of Missouri, battled to introduce state legislation preventing Missouri from investing tax payers’ dollars in companies who work with countries sponsoring terror. Find out how the new Iranian deal affects anti-terrorist legislation, which has been adopted by a number of U.S. states. Listen to a discussion of the effects of the Iran nuclear deal on U.S. state law:
· Can the U.S. federal government force individual states to change their legislation to comply with the Iranian Deal?
· If Iran breaks the agreement, can sanctions be re-imposed?
· Does the Iran deal mean that U.S. tax dollars can be used to sponsor international terrorism?
Contact Sarah Steelman at: steelmans@mst.edu
Mayer Reich, co-founder of RankAbove, explains what it takes to build a successful startup company:
How do you find competent staff?
Is it better to hire or outsource?
How much freedom should you give your teams?
What’s the secret of successful marketing?
Learn actionable points on how to transform a good idea into a profitable company.
Follow Mayer and his work at: http://rankabove.com/
To listen, click here and you will find this podcast at the top of the list.
David D. Holland, financial planner, podcaster, and author of the series Confessions of a Financial Planner, talks about retirement without stress. How can you remove anxiety and worry from retirement planning?
Gail Reynolds, business owner, motivational speaker, and author of Mum's the Word, returns to Goldstein on Gelt to talk about life as a successful mother and entrepreneur. She has great advice for mothers wanting to build a business around their families!
Robert W. Wood, tax attorney and expert on cross-border investing, discusses the pros and cons of renouncing U.S. citizenship if you live abroad? How does it affect taxation, Social Security payments, and estate planning, and will you be allowed to visit the United States again?
Doug meets Ofer Vilenski, former fighter pilot and founder of Hola. What is peer-to-peer (P2P) networking, and how does it help you access whatever you want in the internet? Does unlimited internet really exist and is it safe?
Allen Vaysberg, creator of The Seamless Method, talks about how to do the essential tasks many of us forget about, such as drinking enough water, eating well, and reducing stress. What should you do if you are feeling overstressed in your job and are tempted to quit?
Meet Republican U.S. presidential candidate Kerry Bowers. What is his message to the Israeli public? Find out about the standards demanded from a presidential candidate and what future American policy may be in the Middle East.
Tony Stubblebine, founder of Coach.me, shares tips for developing new habits. How can you translate your desire for change into practical action? Can you use these techniques for all branches of your life, including personal finance?
In the second half of the show, meet Jason Koprowski, business manager and leadership coach. What are growth metrics, and how do they help you monitor your own personal growth. Discover how modern technology can be used to foster your own personal development in life as well as in finance.
Susan Fowler, leadership expert and bestselling author of Why Motivating People Doesn't Work ... And What Does talks about motivation. How can you get people motivated in the right way? Discover how autonomy, relatedness, and competence can help you make the right choices.
Joe Saul-Sehy, co-host of the Stacking Benjamins podcast, returns to Goldstein on Gelt to talk about the best ways to give financial advice. Is telling stories an effective tool for explaining money concepts? Why is awareness of your financial situation so important?
Nadav Kidron, CEO and director of Oramed Pharmaceuticals, discusses his company’s medical breakthrough in adapting insulin so that it can be taken as a pill instead of a shot. Can this technology be used for other kinds of medication? What does this mean for modern medicine?
John Manning, president of MAP Consulting and author of The Disciplined Leader: Keeping the Focus on What Really Matters, talks about discipline and leadership. How are both of these concepts connected? Find out how discipline helps you reach your potential and the role that good habits play in being a leader.
Meet Linda Lindquist-Bishop, founder of Courageous Thinking, Inc. and seasoned yacht racer. How can you transform your thinking to achieve change? What are the mountains you need to climb to reach your goals?
Doug interviews Chris Simmons, spy catcher, terrorist hunter, and the creator of human chess courses. What is human chess? How easy is it to predict the actions of others? How can you best interact with the people around you?
Chana Goldstein, creator and manager of Hebrew Helper, a service that helps new olim deal with Israeli paperwork, talks about the personal finance skills that young people need to know. Do young adults know the difference between needs and wants? How can young people develop good spending habits?
Meet Jill Ammon Vanderwood, public speaker and author of Shaking Behind the Microphone-Overcoming the Fear of Public Speaking. Why are people so afraid of speaking in front of others? And how do you conquer this and other fears? Jill shares tips for preparing to give a talk and how to get started in the world of public speaking.
Untangle the web of online sales and social media with Nathalie Nahai, web psychologist and best-selling author of Webs of Influence: The psychology of online persuasion. What are the true intentions of online sellers and how can you best assess the value of your product
Go back to the classroom with Professor Irwin Horwitz of A&M University, who discusses his recent decision to fail his entire strategic management class. Should behavior in the classroom affect passing grades? Is the American education system failing its students by giving them grades they may not deserve?
Oded Revivi, mayor of Efrat, talks about life in Israel’s communities in Judah and Samaria. Often referred to as “West Bank settlements,” are these communities good for the Israeli economy? And what’s life really like there?
Marin Katusa, chief energy investment strategist at Casey Research and bestselling author of The Colder War, reveals Russian President Vladimir Putin’s plan to revive his country’s fortunes as a leading superpower. How has this affected America’s hold on world energy, and what is the outlook for the future?
What will happen to your Social Security payments from the United States if you receive Bituach Leumi in Israel? Ira Kasdan, partner in the Kelley Drye Law Office in Washington D.C., talks about the Greenberg Settlement and what it means for Americans living abroad.
Find out whether optimism is always a good thing. Gabriele Oettingen, professor of psychology at New York University and the University of Hamburg and author of Rethinking Positive Thinking: Inside the Science of Motivation, talks about the art of positive thinking. Is it enough to dream about your goals? How can positive thinking help you overcome the obstacles that are holding you back?
Isabel Aguilera, named by Forbes Magazine as one of the world’s most influential executives, shares the secrets behind effective leadership. What motivates a successful leader? Who are the best kinds of people to use as your role model, and how can you inspire others?
Do the food giants really care about our health? Whose interests do they really serve? Michael Moss, bestselling author of Salt, Sugar, Fat: How the Food Giants Hooked Us, returns to Goldstein On Gelt to talk about the impact of his book on the food industry. Have any changes been made in food production? Are consumers now eating healthier food?
What caused the housing bubble in the United States several years ago? And could the situation have been predicted in advance? Dr. Vernon Smith of the Economics Department at Chapman University, and winner of the Nobel Prize for Economics in 2002, discusses experimental economics and how it can be used to predict housing markets and other important aspects of the economy.
Ryan Hoover, founder of Product Hunt, talks about his startup company and its role in marketing innovative new products. Does online marketing really work?
Loretta Napoleoni, expert on terrorism and economics and author of The Islamist Phoenix: The Islamic State and the Redrawing of the Middle East, talks about economic terror.
What lies behind today’s terrorist groups – high ideals or the lust for money?
Doug meets Robert Berger, attorney, personal finance expert, and creator of the Doughroller website. Discover the meaning of financial freedom and if you will ever achieve the standard of living that you want.
In the second half of the show, Jan Lukacs, CEO of project management company Paymo, introduces you to the world of time and management products. Find out why time management is important and how it can help you build your business.
In the first half of this week's Goldstein on Gelt show, Peter Rosenberger, author of Hope for the Caregiver, speaker, and podcaster, discusses caregiving and the various aspects of life that this affects. How can you take care of the one you love and look after your finances at the same time? Listen to this interview for support, advice, and hope.
In Part II of the show, Doug meets Kit Yarrow, consumer psychologist and author of Decoding the New Consumer Mind – How and Why We Shop and Buy. As instant gratification is a growing trend as the world of social media and internet continues to develop, are consumers becoming too impatient? And what happened to the concept of the long-term purchase? Find out if we have really become a throwaway society on this week’s episode of Goldstein On Gelt.
Gary Rivlin, bestselling author of Broke, USA-From Pawnshops to Poverty, Inc. discusses payday loans and other short-term money lending schemes. Learn how poverty has become a thriving business and how the growth of the payday loan has affected many households throughout America.
Jason Hartman, real-estate expert and podcaster of the The Creating Wealth Show, dispels some of the myths surrounding inflation. Is inflation always bad for the economy, and why is deflation not always an ideal situation? Can you really benefit from higher consumer prices?
In part one of the Goldstein on Gelt show, Doug meets Ghalid Bagus, principal and financial risk management consultant at Milliman. What are common market risks and how do they affect your investments? How concerned should you be about market fluctuations and liquidity when you are investing?
In the second half of the show, Chris Cogswell, money manager at Chancery Financial Advisors and associate director of Portfolio Resources Group, explains his role as a money manager. How do money managers take care of your money? And have you ever heard of “socially responsible” investing? Find out more on this week’s show.
In the first part of this week’s Goldstein On Gelt show, meet David Lesperance, specialist in international law and co-author of Flight of the Golden Geese. Why do you need to file an FBAR if you are an American citizen abroad? And what happens if you don’t? Is giving up your American passport really the answer?
In the second part of the show, Laura Adams, personal finance expert and author of Money Girl’s Smart Moves to Grow Rich, explains the importance of financial education and what you need to know to manage your money effectively. Find out how modern technology can help you.
In part I of Goldstein On Gelt, Doug meets Scott Fox, founder of the Click Millionaires online community and the author of Click Millionaires: Work Less, Live More With an Internet Business You Love. How can you turn your favorite hobby into your business? And how easy is it to build your business around your life, rather than the other way round?
In the second half of this week's show, meet Nir Eyal, guest lecturer at the Stanford School of Business and author of Hooked: How to Build Habit-Forming Products. Why do people feel the need to check their emails 50 times a day and constantly dip in and out of Facebook? And what is the Hook Model? How can it help your product to become habit forming, making your business a success?
Doug Goldstein interviews Dr. Martha Davila Garcia, an associate professor at Howard University’s College of Medicine. How do emotions affect the way that people make financial decisions, and what are the physical effects of feelings on the brain and nervous system?
In part II of this week's show, Kurt Cobb, speaker, columnist, and author of the bestselling novel Prelude, talks about the future of the oil industry. Find out about peak oil and how the production and sale of cheap oil has affected other oil sources, such as cracking and shale, and research into alternative energy sources.
On this week’s show, Lee Milteer, entrepreneur and founder of the Millionaire Smarts Coaching Program, discusses the mindset of money, how to appreciate the value of money, and how to develop your inner entrepreneurial spirit.
Show host Doug Goldstein shares some interesting insights into how to gift money to your children during your lifetime. How does this affect estate taxes at the end of your life? What other important information do you need to know about gifts and inheritances? Tune into your favorite personal finance show to find out.
In the first part of this week’s show, Roger Ver, one of the founders of Bitcoin, explains why he renounced his U.S. citizenship. What are the ramifications of giving up your U.S. citizenship, and does it mean that you can no longer visit the United States?
In part II, Sam Silverstein, business expert and best-selling author of No More Excuses, talks about accountability. Why is it so necessary to be accountable in business and in life? And how does accountability differ from guilt?
In the first part of this week’s show, Joe Saul-Sehy, former financial advisor and co-host of the podcast Stacking Benjamins, talks about the necessity for setting goals and how to realize your dreams. Find out how to start saving and planning for the future
Doug meets Tim Kasser, professor of psychology at Knox College in Illinois and author of The High Price of Materialism. What is materialism, and does it make people happy. Is there such a thing as being satisfied with what you have and can you ever have too much?
In the first part of this week's show, Josh Caplan, founder and chief activist officer of Tea of the People, discusses how business can be used to find solutions to world problems. Can a business with a cause really be profitable?
In part two of this week's show, Boaz Keysar and Sayuri Hayakawa of the psychology department of the University of Chicago talk about the connection between the language we speak and how we think. How does using a foreign language affect the way you make decisions?
Gideon Soesman , co-founder of Greensoil, discusses agricultural technology and why putting venture capital into farming may be a good investment.
This week's guest on the second half of the show is Tim Maurer, financial planner and author of The Ultimate Financial Plan: Balancing Your Money and Life. Find out about the relationship between money and life and why you need to budget and save. Is it to hold you back, or to ultimately lead you towards financial freedom?
In the first part of this week’s show, Doug meets Professor John A. Davis, faculty member at Harvard Business School and author of Generation to Generation: Life Cycles of the Family Business. What are the dynamics of running a family business, and how does working with your loved ones affect your relationship with them?
Meet Connie Dieken, author of Talk Less, Say More and Become the Real Deal. Discover the difference between manipulating and influencing people and three crucial steps towards positive communication.
In the first part of this week's show, Liz Wiseman, bestselling author of Multipliers: How the Best Leaders Make Everyone Smarter and Rookie Smarts: Why Learning Beats Knowing In the New Game of Work, returns to Goldstein On Gelt to talk about why experience is not always best when hiring new staff. What is the “rookie mindset” and what can new trainees offer to the workplace?
In part two, Chuck Wang, producer of the podcast Inspired Works, tells his own personal story and explains how you can learn from your mistakes and move on towards success. Why is it important to hear other people’s stories, and how did making a podcast help Chuck turn his life around?
Michael Michalowicz, author of The Pumpkin Plan, The Toilet Paper Entrepreneur, and Profit First, discusses your financial habits. How can you improve your situation, and what are four healthy money habits that you can adopt?
Judy Carter, author of The Comedy Bible and renowned speaker, shares her insights about comedy in the workplace. Is the office an appropriate place for humor, and how does laughter help you reach out to your clients and succeed in business?
In the second half of this week's show, Carolyn L. Rosenblatt, RN, elder law attorney, and author of The Boomer’s Guide to Aging Parents, talks about how seniors can avoid financial fraud. Can you trust your children to run your finances when you get older, and how should you plan for your later years, when you may find it difficult to stay in control?
Jay Baer, president of the social media consultancy Convince and Convert and author of Youtility: Why Smart Marketing is About Help, not Hype, discusses the role of marketing in today’s changing world. Discover why marketing isn’t only about selling a product and why the “power of eventually” will help you to succeed.
Show host Doug Goldstein meets Stacy Allison, the first American woman to reach the top of Mount Everest and the author of Many Mountains to Climb: The Meaning of Success in Business From the First Woman to Top Mount Everest. How can climbing mountains help you to scale other peaks in your life, and how is it connected to running a successful business?
Entrepreneur William Heinecke, author of The Entrepreneur, tells Doug how he became a successful businessman at a young age and why giving charity is very important.
Meet Capt. Michael Abrashoff, former commander of USS Benfold and author of It’s Your Ship. Can you adapt naval techniques to benefit your business? And what are the roles of leadership and communication in running a tight ship?
CPA and tax advisor Jeff Broide returns to Goldstein On Gelt to share his insights on the current tax situation. How does the new U.S. tax amnesty affect American citizens living abroad?
This week, show host Doug meets Dan Kadlec, author, journalist, and blogger for TIME Magazine talks about emerging adulthood, how young adults can achieve economic independence in today’s financial climate, and the necessity of planning for retirement.
Kim Ades, designer of Frame of Mind Coaching, discusses how your thinking patterns affect your achievements. Is it really possible to change the way you think and your regular habits?
Meet Peter Hudson, president of BitLit, who talks about the technological revolution in the world of reading. How can you turn your physical books into E-books?
Steve Repak, financial planner, army veteran, author of Dollars and Uncommon Sense, talks about the nature and meaning of wealth and how you can eliminate your debts.
This week,James Mackintosh, investment editor of The Financial Times, talks about the effects of the current geopolitical situation around the world on investing and how to plan for retirement.
Doug meets J.D. Roth, personal finance expert and author of Your Money: The Missing Manual. Find out how to set goals and take care of your finances on your favorite personal finance show.
Author and self-publishing expert Hank Quense shares the secrets of self-publishing your book. Have e-books replaced physical books entirely? And can you actually make money from writing books? Listen to the answers to these questions and more on your favorite personal finance show.
Vicky Ward, author, investigative journalist, and former contributing editor to Vanity Fair, returns to Goldstein On Gelt to talk about her new book The Liar’s Ball. Discover the world of New York high society and the intrigue that surrounded the ownership of one of New York’s most famous buildings.
Travis Pizel, financial blogger on the Enemy of Debt website, shares how he managed to get out of debt and why good communication on financial issues is so important in marriage. And what are the dangers of using credit cards?
Austin Netzley, founder of YoProWealth and author of Make Money, Live Wealthy talks about the meaning of true wealth. How do you define wealth, and what are the ten simple steps that can lead you towards financial freedom?
On the first part of this week's show, Doug meets Jean Chatzky, financial editor of NBC’s Today Show and author of Operation Money: A Free Financial Guide for Military Service Members and Families. What are the best investment options for retirees, and when should you start claiming Social Security?
This week, Nigel Dodd, professor of sociology at the London School of Economics and author of The Social Life of Money discusses the nature of money. How much control do banks and governments have over money and what should their function really be? Listen to this interview along with other useful tips and ideas on your favorite personal finance show.
In the first half of the show, Doug meets Shirzad Chamine, author of New York Times bestseller Positive Intelligence and chairman emeritus of the Coaches’ Training Institute. Find out why people often sabotage their own success with a negative mindset and how to make your mind work for you.
Doug speaks about the concept of a draw, both in terms of chess and investing. When is it a good idea to accept a draw and when is it better not to do so? And how does your attitude affect the way you manage your money?
In the first part of this week's show, host Doug Goldstein meets Eric Brynjolfsson, professor of management at the MIT Sloan School of Management and co-author of The Machine Age. Can today’s era of technological advancement be compared with the Industrial Revolution, and how do changes in technology affect the human life and our interactions with each other?
Rabbi Berel Wein, community leader and author of Teach Them Diligently, discusses the changes he has seen in the Jewish world since he moved to Israel from America, where he was a respected Rabbinical and community figure. Has the Jewish world adapted to the times? Tune into this week’s show to find out more.
On this week’s Goldstein on Gelt Show, John O’Connor, president of 3-D Asset Management, returns to the program to discuss the needs of average investors in a volatile market? How do your age and proximity to retirement affect your investments?
In the second half of the show, Doug meets Dennis Parker, clinical hypnotherapist and author of Spiritual Mind Management. How does hypnotherapy help you tap into your subconscious and improve your thinking patterns? Discover the connection between hypnotism and investing on this week’s show.
In the first part of the Goldstein on Gelt Show, Doug meets Victor Riccardi, assistant professor of financial management at Goucher College and co-editor of Investor Behavior: The Psychology of Financial Planning and Investing. Discover the motivations that often lie behind the way investors make their decisions and how emotions may affect the way you invest.
Doug continues the theme of behavioral finance and how emotions affect decision-making. Are you governed by fear or greed when you invest? How do you handle your emotions when making investment decisions? Listen to this week’s show to find out more.
On the first part of The Goldstein On Gelt Show, Grandmaster Michael Adams talks about life as a professional chess player and explains how the thinking used in playing chess can be adapted to other parts of life. Enjoy this interview and all your favorite features on this week's Goldstein On Gelt.
In the second part of the show, meet Jonah Berger, professor at the Wharton School at the University of Pennsylvania and author of the bestseller Contagious: Why Things Catch On and discover what makes certain products go viral and how much you are influenced by your friends. Don't forget to tune into listen to all the regular tips and ideas on your favorite personal finance show.
Jon G. Sanchez, CEO of Sanchez Wealth Management talks about good strategies for reviving your IRA. Why is an IRA a worthwhile account for retirement? And how can you use it to the best advantage? Tune into this week’s Goldstein On Gelt Show for more information.
This week, James Robinson, professor at Harvard University and author of Why Nations Fail, discusses why some countries are more economically successful than others. What’s the solution in the modern world? Is it possible for poorer countries to improve the living standards of their citizens?
On part 1 of this week's Goldstein on Gelt Show, Doug meets Andrew McAfee, co-founder of MIT’s initiative on the digital economy and author of The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. How has the sudden growth in modern technology affected the world economy, and what does the future hold for employment?
In the second half of The Goldstein On Gelt Show, Doug speaks to Grandmaster Arkadij Naiditsch, Germany’s number one chess champion. How do you reach the top of your profession, and are you always aware of your own talents? Listen to this interview to find out on your favorite personal finance show.
On the first half of this week’s Goldstein on Gelt Show, Ari Dobner, director and CEO of Clearshift, talks about the need for transparency in currency conversions and business payments between companies in different countries.
Tim Harford, economist and best-selling author of The Undercover Economist and The Undercover Economist Strikes Back, discusses the necessity for humility and realism when giving economic advice, why economists don’t know everything, and how to use a Monte Carlo simulator when building a financial plan.
What should you do if you discover that your spouse has been giving money away to family members without your knowledge? On this week’s Goldstein on Gelt Show, show host Doug Goldstein gives good advice on how to raise issues of financial fidelity with your spouse. Listen to this week’s show for these useful tips, which will only enhance your marriage and make your financial situation clearer.
In part 2 of The Goldstein on Gelt Show, Dorian Mintzer, co-author of The Couple’s Retirement Puzzle and Live Smart After 50!, discusses how to prepare for your golden years so that you can continue to enjoy life after retirement. Tune in to find out more about how there really is life after fifty.
Mary Beth Franklin, contributing editor at Investment News and author of Maximizing Your Clients’ Social Security Retirement Benefits, gives sound advice on how to plan for retirement and what to expect during your golden years as a result of recent changes to Social Security benefits.
On this week’s Goldstein On Gelt Show, Doug meets the world’s greatest chess player, Grandmaster Magnus Carlsen. Find out what it takes to get to the top of your game and what daily life is like for a world champion. And what is the “Play Magnus” app?
In part one of this week's show, Chris Lonsdale, peak performance coach, linguist, and psychologist, discusses the connection between emotions and learning a new skill. How can you prevent emotional baggage from holding you back? And how can you identify the skills you possess that help you to progress? Find out more on this week's show.
In the second part of the Goldstein on Gelt Show, John F. Wasik, author of Keynes’s Way to Wealth, talks about the famous economist John Maynard Keynes and his approach to investing. And do Keynesian theories about government spending still apply today?
On this week’s Goldstein on Gelt Show, Doug meets engineer and personal finance blogger Len Penzo. Find out about the similarities between engineering and finance and why it’s up to you to take responsibility for your finances.
What is angel investing? David S. Rose, entrepreneur, former angel investor, and founder of Gust, explains what this means and talks about venture capital and other concepts related to building a business. Listen to your favorite personal finance show for more.
Meet Andy Andrews, the best-selling author of The Traveler’s Gift. Find out about the seven decisions that changed Andy’s life and how they can also guide you towards success on this week’s episode of The Goldstein On Gelt Show, your favorite personal finance radio broadcast.
In Part 2 of Goldstein On Gelt, meet Luke Landes, personal finance writer and founder of the blog Consumerism Commentary. Listen to why health care is an important factor in retirement planning and what you need to think about as you prepare for your golden years.
On the first part of the Goldstein on Gelt Show, Michael E. Gerber, best-selling author of the very successful E-Myth series, returns to speak about his upcoming new book, what it takes to be a great innovator like Steve Jobs, founder of Apple, and the importance and function of having a dream in building your own success.
In the second part of The Goldstein on Gelt Show, attorney Maya Weiss-Tamir, who is also an economist and a mediator, speaks about new legislation allowing the descendants of the Jews expelled from Spain by the Inquisition to claim Spanish citizenship. What are the benefits of Spanish citizenship, and how can you claim it? Find out more by listening to your favorite personal finance show.
On the first half of The Goldstein on Gelt Show, Doug meets Jenny Dawson, a former hedge fund manager who is the founder of Rubies in the Rubble, a company that manufactures delicious chutneys from vegetables rejected for sale for surplus or aesthetic reasons. Find out how Jenny and her company are fighting a war on waste on your favorite personal finance show.
Connie Allen, author of The Casino Through a Dealer’s Eyes, talks about the various mistakes that gamblers make and gives good advice on how to play safely at a casino. Listen to this interesting interview on this week’s episode of The Goldstein On Gelt Show
In the first part of this week’s Goldstein on Gelt Show, meet Josh Denning, digital marketing veteran and host of The Tropical Entrepreneur podcast. What are the benefits of opening a business in the tropics, and how can you get your online business noticed? Is e-commerce the way of the future? Tune into your favorite personal finance show to find out.
In part 2 of The Goldstein on Gelt Show, Danny Kofke, bestselling author of How to Survive (and Perhaps Thrive) on a Teacher’s Salary, explains how you can manage if you control your finances properly – even if your income is not very high. He also discusses when and how you can start teaching your children how to manage money. Find out more on this week’s show.
In the first half of The Goldstein on Gelt Show, Doug meets Phil Parker, bestselling author and designer of The Lightning Process. Listen to useful tips on reacting to stress and find out why the way to cope with difficult situations is inside you.
Roberta Taylor, psychotherapist, coach, and author of The Couple’s Retirement Puzzle: 10 Must-Have Conversations for Creating an Amazing New Life Together, talks about communication and why it’s so important for couples to be on the same page when planning their retirement. Find out more on your favorite finance show.
This week,Doug meets Merle Temple, former FBI agent and author of A Ghostly Shade of Pale, a novel based on his experiences. Find out whether America has won its “War on Drugs,” how Merle Temple cheated death, and why he has chosen to use his memories to write a novel.
Meet Dr. Edward F. Anhalt, dean of education at the International University for Graduate Studies and president of Banking on Kids. Why do so many Americans have no idea how to save, and how easy is it to teach children good financial habits? Listen to the answers on your favorite personal finance show.
Doug meets Alex Genadinik, entrepreneur, software engineer, and business consultant. Discover how to start your own business and the importance of strategy and planning on your favorite personal finance show.
This week,Clark Howard, consumer advocate, radio show host, and author of Living Large for the Long Haul, talks about scams against the elderly, as well as general consumer fraud. Find out how you can protect yourself, your money, and your accounts, and other consumer issues on this week’s episode of the Goldstein on Gelt Show.
In part 1 of The Goldstein on Gelt Show, author Jay Myers of Hitting the Curveballs and Keep Swinging, returns to the show to share more of his insights on business, life, and how to steer your business through a crisis. Enjoy all this and more on your favorite personal finance show.
In the second part of the show, meet Doug Hess, author of Gordon Gekko CEO: Lessons from Wall Street for a Winning Attitude. What positive lessons can Gordon Gekko, lead character in the 1987 film Wall Street, who is famous for his mantra, “Greed is good,” teach about achieving your dreams? Find out on this week’s Goldstein on Gelt Show.
On the first half of this week’s episode of the Goldstein on Gelt Show, Doug meets Maurice Ashley, a chess grandmaster, coach, and author. Find out how Maurice became the first African-American international chess grandmaster and what it takes to reach the top of your field. Is it all a question of practice, or do you need more than that?
In part 1 of this week’s episode of The Goldstein on Gelt Show, show host Douglas Goldstein meets Rabbi Marvin Heir, founder of the Simon Wiesenthal Center in Los Angeles and the Center’s documentary film division, Moriah Films. Rabbi Hier explains why he founded the Center, the lessons that need to be learned from the Holocaust, and why it is important never to forget.
In part 2 of The Goldstein on Gelt Show this week, Eric Jackson, former leader of the marketing team at PayPal and author of The PayPal Wars, talks about the history of PayPal, what inspired this innovative idea for financial transactions online, and its effects on internet finance today.
In the first part of On this week’s episode of The Goldstein on Gelt Show, John Warrillow, author of Built To Sell-Creating a Business That Can Thrive Without You, talks about his book, his invention, “The Sellability Score,” and why a businessman would create a company in order to sell it. Find out more by tuning into this week’s show. And don't forget to listen to all of your favorite tips and ideas on this week's personal finance show.
Discover if you have what it takes to be a good chess player. Chess grandmaster Daniel King, who is also a well-known chess commentator, journalist, and author, explains what inspired him to play chess, which characteristics and qualities make a good chess player, and how this way of thinking can be applied to daily life. Tune into the Goldstein on Gelt show, for financial advice, fascinating interviews, and much more.
On this week’s Goldstein on Gelt Show, Trevor Blake, author of Three Simple Steps and founder and CEO of QOL Medical LLC, speaks on both halves of the show about his insights into life, success, and business. Trevor Blake’s book, Three Simple Steps, is based on his own personal experience and expertise. Tune into this week’s episode of Goldstein on Gelt to hear Mr. Blake explain what these three steps are, why this book is different from other self-help books, and how taking control of the way you think will help you to be successful in many fields of your life.
In part 2 of the show, Trevor Blake continues to discuss his bestselling book Three Simple Steps and how to use them to improve your life. Find out how to be more creative with your thoughts and to become more successful in business and life by listening to this fascinating interview.
Doug meets Robert C. Merton, winner of the Nobel Prize for Economics in 1997 and professor of finance at the MIT Sloan School of Management. Professor Merton explains how a longer average lifespan has affected retirement planning and what you need to do to plan for your old age today.
In the second part of the show, host Doug Goldstein speaks about investment properties. Are you considering buying a second property and renting it out as an investment? What are the risks involved? How would it work? Listen to your favorite personal finance show to find out more.
Doug meets Jed Kolko, chief economist and vice-president of analytics at Trulia’s research programs. Jed explains the factors that you need to take into account when deciding whether to rent or buy a home? Which option is cheaper or more practical? Tune into your favorite personal finance show to find out.
In the first part of the Goldstein on Gelt Show, host Doug Goldstein meets Dalit Braun, the CEO of Pick N Tell. Find out how modern technology has revolutionized the shopping experience and how retailers can learn more about what you want. All this and more is on your favorite personal finance show.
Seth Yossi Siegel, co-founder and vice chairman of Sixpoint Partners, discusses how the use of Israeli technology and the growth of Israeli trade with Arab countries could eventually create peace in the Middle East. And don't forget to listen to all of your favorite money tips and tricks.
On this week’s Goldstein on Gelt Show, Doug meets Daniel Rudnitsky, portfolio manager and vice-president of product development at SMH Capital Advisors. Find out what fixed income and is and the different kinds of bonds out there. What do you need to think about when choosing a bond for your portfolio? Tune in to find out more. And don't forget to listen to all of your favorite tips and ideas.
Ted Alling, serial entrepreneur and managing partner of the Lamp Post group, shares how he built up a business from nothing and the state of business in the United States today. And what is disruptive technology? How does it affect business and entrepreneurship? Find out by listening to your favorite personal finance show, with its blend of smart advice, good conversation, and humor.
On the first half of the Goldstein on Gelt Show, Dr. Douglas Scharre, a neurologist at Ohio State University, speaks about dementia, Alzheimer’s Disease, and other disorders that affect the mental faculties of older people. How do you know if you’re just a little forgetful, or if you’re developing the first signs of something more serious? Find out about Dr. Scharre’s new test and more by listening to this interview. And don't forget to listen to all of the great tips and advice on your favorite finance show.
Eswar Prasad, professor of economics at Cornell University and author of The Dollar Trap: How the U.S. dollar tightened its grip on global finance, speaks about the role of the dollar as the world’s reserve currency and how this has affected the global economy. Hear more about the dollar trap on this week’s Goldstein on Gelt Show. Enjoy the blend of commonsense advice, good conversation, and fun every week on the Goldstein on Gelt Show.
Gordon d’Angelo, author of the bestseller Vision: Your Pathway to Victory, discusses how having a vision helps you to realize your goals. Follow the dream and listen to this interesting interview on The Goldstein on Gelt Show. Enjoy commonsense advice, ideas, and fun on the Goldstein on Gelt Show.
On this week’s Goldstein on Gelt Show, Doug meets John O’ Connor, president and chief investment officer of 3-D Asset Management. Find out what a separately managed account (SMA) is and how it helps investors diversify their portfolios. Learn more about this method of money management on your favorite weekly personal finance show. And don't forget to listen to all of your favorite financial tips and tricks.
Meet John Lee Dumas, author of Podcast Launch and creator of the Entrepreneur on Fire daily podcast. Learn about the differences between businesspeople and entrepreneurs and the secrets of popular podcasting on the Goldstein on Gelt Show. Enjoy commonsense financial advice, great guests, and fun on the Goldstein on Gelt show.
On this week’s Goldstein on Gelt Show, find out about bonds. How do they work? And how would you know if they are a good investment for you? Show host Douglas Goldstein explains what bonds are and how they work, and he is offering listeners the free gift of a bond calculator. Tune in to this week’s show to find out more. And don't forget to listen to all of the usual financial tips and ideas on your favorite personal finance show.
"The Goldstein on Gelt Show” is a global investment and financial planning radio show designed to educate and entertain its listeners with financial strategies and investment tips. Investment advisor Douglas Goldstein hosts the weekly show, which can also be heard at www.goldsteinongelt.com, and is the director of Profile Investment Services, Ltd., www.profile-financial.com.