Goldstein on Gelt

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 le...

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 –...

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 saving...

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...

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 s...

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 c...

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 in...

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 w...

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...

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...

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 thei...

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...

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 mone...

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 f...

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 clarifi...

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 ha...

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...

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...

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...

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 qua...

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...

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. Jackso...

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 thi...

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...