Goldstein on Gelt

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...

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 pr...

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...

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 ret...

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. W...

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 th...

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...

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 Lin...

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 Goldst...

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...

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 n...

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...

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 ha...

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 Buildin...

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...

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...

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...

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. Ma...

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...

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® exp...

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®...