Goldstein on Gelt

Exchange Traded Funds (ETFs) provide a different way to trade stock. But it's not simply another way. ETFs open themselves to multiple strategies. First of all, Doug discusses the fact that ETF tend to mirror a benchmark. But why not aim to outperform the benchmark? Then, the discussion extends to discuss some tax saving strategies you could implement using ETFs. (Remember, I never give specific t...

Mutual funds are frequently used by investors as a way to diversify their portfolio, and thereby minimize investment risk. One of the popular types of mutual funds is index funds . How are they traded, and who arranges the list of stocks in the index? What is the difference between active funds and passive funds ? Is one more aggressive than the other? Should you "feed your fund?" And, if you want...

Investors are continually bombarded with rules of thumb as to the best asset allocation. However, determining an asset allocation is not a simple formula. Tom Jacobs, money manager for Huckleberry Capital Management, doesn't believe in the old-fashioned asset allocation rules. He underlines unrealistic expectations of investment strategies and explores some of the industry rules that have created...

A global savings glut occurs when investors drive down interest rates. Is this trend coming to an end, meaning interest rates will climb? Do higher interest rates bring inflation? Today's guest, Will Denyer, an economist at the financial research company Gavekal, explains how the global savings glut impacts inflation… and your pocketbook. What would you do if the market was flat? Generally, the ma...

Does receiving stock dividends eliminate or mitigate the risk of investing in stocks? Why would an investor choose stocks without dividends? Ben Reynolds, founder of Sure Dividend, provides guidelines for investors who are looking for stocks which pay high-quality dividends. He explains what a dividend is and how investors can use dividends to their advantage. However, dividends also have disadvan...

There is a right way to spend money. How do you know if you're spending your money the right way? Jonathan Clements, founder of Humble Dollar and author How to Think About Money , says money can buy happiness. He explains why it may seem as if you don't have enough money and what you can do about it. Jonathan also believes in the idea of "Buckets of Happiness," and explains how people should inves...

  Is there a common character trait that successful entrepreneurs share? John Lee Dumas, host of the Entrepreneur on Fire podcast, returns to the Goldstein on Gelt Show to talk about what it takes to start a successful business. John's insight after speaking with thousands of entrepreneurs can help you with the decision to start your own business or continue working for someone else's company. Is...

Why is there a stereotype that women aren't as good as money as men? Today's episode blasts the misconceptions and myths tied to the world of investing. Anyone, even you, can become a powerhouse investor. Just follow these 5 life-changing rules… Alice Finn, CEO of Powerhouse Assets and author of Smart Women Love Money: 5 Simple, Life-Changing Rules of Investing , shares her passion for helping wom...

What does it take to become a millionaire? What financial choices do you have to make to get on the millionaire track? Joe Saul Sehy, host of the award-winning podcast Stacking Benjamins, frequently works with millionaires and has learned some of their some secrets to success along the way. Joe breaks down common misconceptions about millionaires and shares insights as to how they earn their wealt...

Running a business presents challenges, not least of which is cash flow. Cash flow is a problem for many people, but businesses have their own issues. How can business owners make the most of their cash flow? Barbara Weltman, attorney and business writer, explains what cash flow is and how to change the way you use it. She outlines some tools and strategies that make cash flow management simpler....

Investors used to be able to buy PFICs (passive foreign investment corporations) investments without a lot of trouble. So what changed? Yosefa Huber, CPA, helps U.S. citizens living abroad sort out tax issues regarding their U.S. investments. Doug and Yosefa discuss why PFICs cause so much trouble to investors and their accountants. Learn what a PFIC is, and then take a look at your investment por...

Many successful family businesses also have a strong family culture. How are the two related, and how do you shape your family culture? Mitzi Perdue grew up in one family business and married into another. Mitzi shares how her father, founder of Sheraton Hotel, created a strong foundation for his family and encouraged a positive family culture, and how she and her husband, Frank (think chicken!) b...

Do you know what your retirement income needs are? How much will it cost you to live during retirement? There is no one magic answer as your retirement income should be determined by your personal needs. David Trahair, CPA and financial writer, concurs that retirement is a personal case-by-case situation. He advises how to calculate your retirement goal based on your own personal situation, a one-...

Is a basic education enough to make informed investment decisions, or do folks with higher education tend to make better Investment decisions? Nobel Prize winner and Brown University Professor J. Michael Kosterlitz reflects on how education is the key to making positive change in all aspects of life… including finances. Listen to learn how researching superfluidity generated a new understanding of...

There is more than one way to skin a cat, and there are multiple investment strategies you can apply to your savings. But how do you know which strategy can produce the best results for you? Today's guest, Yariv Haim, founder and CEO of Sparrows Capital, delves into two of his favorite investing strategies: evidence-based investing and contrarian investing. Yariv defines these strategies and expla...

If you are one of the millions of people who live outside of America and have an American brokerage account, you are a cross-border investor. Despite the scale of cross-border investing, many Americans living abroad find their American brokerage firms asking them to close their investment accounts because they have a foreign address. Fortunately, there are financial institutions dedicated to help...

How much is your money really worth? Currency devaluation means that as the value of a currency decreases, the buying power of money decreases too. So, how do you protect your investments from devaluation, inflation and other economic crises? Ari Pine is a financial trader who has a deep interest in macroeconomics. We discuss the possibility of a global inflation and how governments get themselves...

Does your family's primary financial caregiver hold their cards close to their chest? Maybe the following story sounds familiar about a parent keeping your family financials a secret: Dan has always handled the family's money. He organized the budgets, took care of the investments, and maybe even set up investment portfolios for the now-adult children.  While he had a lot of work to do, he underst...

Make sure your financial plan accounts for what you don't want to happen A good financial plan takes into account the 4 Ds (death, disability, divorce, debt) and plans around them. Doug and John Ross, estate planner and elder law attorney, stress the importance of planning for the unexpected. John is a co-host of the weekly podcast Big Picture Retirement. He shares some insights on what many peopl...

Want to guess who normally initiates a financial planning meeting – men or women? Doug and Brittney Castro, founder and CEO of Financially Wise Women, discuss differences in how men and women approach financial planning and investing. What do these two CFPs ® (Certified Financial Planners) notice about the gender differences in investing? Brittney delves into the common problems women face when ma...

Do your financial values guide your investment decisions? Financial values are the things that are important to you: the goals you have for your money. Before any investment or purchase, ask yourself, "What do I value?" Certified financial planner Michael F. Kay explains how a person's background affects their financial choices. He asserts that our parents are our first models of fiscal behavior....

How can you design an investment portfolio to account for uncertainty? Every leadership change creates insecurity. Investors pull out and buy into markets simply because of election results. How should the political climate affect the way you design your investment portfolio? David Rosenberg, the chief economist, and strategist at Gluskin Sheff and Associates explores why people believe political...

People first, then money, then things. Suze Orman, one of America's most recognized personal finance experts, and I discuss why men and women have different financial priorities. Why is that men and women tend to handle money differently? Is it true that women are better at investing than men? Learn why fear, shame, and anger are the internal obstacles to wealth, and why your self-worth and your n...

Can having a bad or good day affect your investment choices? Before you decide to buy or sell that next stock ask yourself why you are doing it. Dr. Kate Levinson, author of Emotional Currency: A Woman's Guide to Building a Healthy Relationship with Money and a licensed family therapist, shares the role that emotions play in financial decision making. She and Doug explore the question of why many...

Your IRA (Individual Retirement Account) is a great retirement tool. Are you using it in the most efficient manner? Kirk Chisholm, Principal of the Innovative Advisory Group, shares some common misconceptions and mistakes people make with their IRA account. Kirk explains the difference is between a standard account and a self-directed account. He encourages investors to consider the self-directed...