Goldstein on Gelt

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 pa...

  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. T...

  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...

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 &...

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 caus...

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...

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 compu...

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...

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...

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 inte...

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...

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:  1. Good communication sk...

  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 s...

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 econ...

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-d...

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 stra...

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 T...

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...

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 asset...

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...

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...

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? Wh...

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 rati...

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 h...

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...