Goldstein on Gelt

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, a...

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 c...

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 liste...

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: ch...

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 curren...

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 an...

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®...

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...

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 stil...

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 othe...

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, indiv...

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 intel...

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 21 st 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 disint...

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...

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 measur...

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 accou...

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...

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 ma...

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 importa...

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 preparati...

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 wi...

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...

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 Planning TM Professionals debate how retirement and investment goals are different for mille...

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...