Goldstein On Gelt

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 tha

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 no

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 s

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

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

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 yo

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

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 recently 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 intern

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

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 Ac