Goldstein On Gelt

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 so important to keep track of the bigger picture?< While behavioral finance dictates how individuals make investment decisions, can it also explain market volatility? When examining the history of the markets, it’s interesting to look at the effects of major historical events, such as the world wars, on stock performance. Did investors gain or lose? If you are wondering how the upcoming American presidential elections will affect your investments register for an elections webinar at: www.profile-financial.com/webinar. Follow John Nofsinger at: http://www.financeesp.biz

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. Markowitz advises how to navigate today's turbulent markets. How does Modern Portfolio Theory compare as an investment strategy to asset allocation? Find out what the differences are between strategic asset allocation and tactical asset allocation, and which may be best for you. For more information about asset allocation, listen to this episode of another of Doug Goldstein's financial podcasts, Rich As A King. Follow Dr. Markowitz and his work on http://hmarkowitz.com

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 decisions? Doug Goldstein, CFP® explains the influences behind the stock market, and how to respond to them.  Follow David Stein at http://moneyfortherestofus.net and on Twitter: @jdstein

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® explains the nature of investing in the stock market and why trying to double your money at a casino is riskier than investing in stocks. Also, don’t forget to sign up for Doug’s upcoming webinar on the effect of the U.S. elections on retirement planning. Follow Jane Bennett Clark at http://www.kiplinger.com and on Twitter @JaneBClark

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® talks about the most common investing mistakes, and how to avoid them. Follow Todd Tresidder at http://financialmentor.com and on Twitter @Financialmentor.

Parents often want to give financial assistance to their children. How much should parents give, and what’s the best way to do it? On today’s show, Doug Goldstein, CFP® examines generational giving. Learn about the tax considerations involved in gifting money to your children, and how the wrong kind of assistance can make your children more dependent on you and less able to manage their money. Apart from the issue of helping your children financially during your lifetime, is it important to leave them an inheritance? Attorney Jeff Condon, author of Beyond the Grave: The Right and Wrong Way of Leaving Money to Your Children, explores how estate planning can affect family relationships. Listen for tips on appointing executors, protecting your estate from taxes and how to preserve your estate’s value. Follow Jeff Condon at https://condonandcondon.net/ and on Twitter @JeffCondon

Why do intelligent people make irrational decisions about their money? Financial writer Emily Guy Birken, author of The 5 Years Before You Retire, explains impulsivity in making financial decisions. Can you protect yourself against financial scammers, who thrive on their victims’ irrationality, and keep your finances safe? Did you inherit your parents’ irrational financial decision making gene? Are you able to discuss managing their finances with them? Financial advisor Doug Goldstein, CFP® shares practical techniques for dealing with your own money, as well as with your family members, who might not see eye-to-eye with you on how to manage funds. Follow Emily Guy Birken at: http://www.emilyguybirken.com and on Twitter @emilyguybirken.

IRA expert Ed Slott, author of Ed Slott’s 2016 Retirement Decisions Guide, presents options of what you should do with your IRA (Individual Retirement Account) when you move to Israel. When living and saving for retirement in Israel, Americans need to take taxes, service, and performance into consideration before participating in Israeli saving and investment programs.  Douglas Goldstein, CFP®, cross-border financial expert and licensed advisor in Israel and America, details the factors you need to consider when deciding which type of account might be best for you. Follow Ed Slott at: www.irahelp.com and on Twitter @theslottreport. To download a guidebook to opening and maintaining a U.S. brokerage account from abroad, click here.

Planning for a happy retirement is not only a question of money.  There are many other factors to consider. Wes Moss, financial planner, podcaster, and author of You Can Retire Sooner Than You Think, talks about what makes a happy retirement. Retirement is not only about leaving the daily grind of going to work--it should be a time for doing what you have always dreamed of, but were unable to do during your working years. A happy retirement takes into consideration factors other than the size of your bank account. Listen to find out what else you need for an enjoyable retirement. Have you recently received a letter from your U.S. brokerage firm asking you to transfer out your account? What should you do? Douglas Goldstein, CFP®, explains the steps you can take if you need to end your existing brokerage relationship. Don’t miss this free download of a toolkit that can guide you through the process of managing your U.S. accounts from overseas. Follow Wes Moss at: http://www.wesmoss.com and on Twitter @WesMoss36

Do you have more job security as an employee or as an entrepreneur? Taylor Pearson, author of The End of Jobs, explains why becoming an entrepreneur does not mean giving up the security of having a job, why jobs are becoming a thing of the past, and how entrepreneurial skills can help you write your life script. What does the future hold for traditional jobs, and what are the growing industries that today’s university graduates should be focusing on? Should you be concerned about a drop in the bond market? Today, Doug Goldstein, CFP® looks at reasons why a bond may decrease in value, and what you can do if you decide to invest in bonds instead of stocks. Follow Taylor Pearson at https://taylorpearson.me/ and get the first three chapters of his book for free here. Follow him on Twitter @TaylorPearsonMe.

Do financial laws make U.S. citizenship a burden for American expats? Curtis Poe, a writer on U.S. expat issues, explains why many banks don’t want U.S. citizens as clients and describes the difficulties American expats may face in getting jobs. Get a link to a free resource specially geared to American expats about opening a U.S. brokerage account from Israel. Does the discrimination that American citizens face abroad make it worthwhile for expats to renounce their U.S. citizenship? What are the most common financial myths? On today’s show, host Douglas Goldstein CFP® debunks financial myths, such as not being able to transfer funds to/from America or that you always have to support your adult children. Follow Curtis Poe on: http://www.overseas-exile.com/

To become a top investor, you need to develop certain personal qualities. Award-winning speaker and author Corey Poirier explains why personal passion and knowing your goals are necessary for financial success. Find out why learning how to deal with failure is important to success. For more information about Corey Poirier’s public speaking course, click here. Follow Corey Poirier’s other work at - http://thepassioncure.com/ and on Twitter @thatspeakerguy. Today’s show features financial advisor Joe Saul-Sehy as a guest co-host, along with regular host Douglas Goldstein, CFP®. The discussion focuses on why dividends are an important part of an investment and why it’s not a good idea to include working after retirement as part of your financial plan. Follow Joe Saul-Sehy at www.stackingbenjamins.com and on Twitter @AverageJoeMoney

Thinking of early retirement? Darrow Kirkpatrick, author of Can I Retire Yet? and Retiring Sooner, shares how he retired early (age 50) and discusses the investing strategies to make early retirement possible. Find out how to estimate how much money you’ll need in retirement. If you retire early, consider when your pension payments will begin. Should you apply to claim Social Security early (age 62) or wait until you later (age 70), when the benefits are greater? Listen to the show to find out more about Social Security, spousal benefits, and outside pensions. Follow Darrow Kirkpatrick at: http://www.caniretireyet.com

Many investors find the idea of socially responsible investing (SRI), appealing. What makes a company socially responsible? How can you solve ethical dilemmas that can arise in business? Rabbi Shaya Karlinsky, head of Darche Noam institutions, explains how Jewish thought can answer some of the most difficult moral questions in the investment world today. Should you invest in a self-driving car company that pre-programs its cars to kill pedestrians? Is it appropriate to invest in a tobacco company? Apart from moral issues, another question that investors often ask is what form their investment should take – stocks and bonds, or real estate? Find out what you need to know about investing in real estate and being a good landlord. Follow Rabbi Karlinsky at: www.darchenoam.org and on Twitter @Shapells.

Do the government’s inflation and unemployment figures really give an accurate picture of the economy? Economist John Williams defines inflation and unemployment statistics and explains what these figures reveal about living standards. How do inflation and unemployment statistics affect investors, especially if those investing in TIPS (Treasury Inflation Protected Securities)? Follow John Williams at www.shadowstats.com  and on Twitter @shadowstats. Also, in this financial podcast, find out how to manage your money when you live outside the United States. How should you plan your retirement, and what should you do with your IRAs?

One of the biggest problems facing young adults today is student loan debt and the cost of higher education. David Carlson, founder of the millennial personal finance blog Young Adult Money and author of Hustle Away Debt, discusses whether debts incurred by tuition fees are really worth it. Find out how to get out of debt, what “side hustles” are, and how they can help you improve your financial situation. Follow David Carlson at: www.youngadultmoney.com and on Twitter: @davidcarlson1 Taking on personal debt is a personal decision. But what happens when governments take on too much debt? Find out what Doug Goldstein CFP® thinks about The Courage to Act: A Memoir of a Crisis and Its Aftermath, which was written by Ben Bernanke, Chairman of the Federal Reserve Bank. How dependent is one of the world’s most powerful and influential economies upon one man, and is this always a good thing? Read Doug’s book review here.

Are you looking to avoid making investment mistakes? Then, this week’s episode is for you. The first thing to do if you want to avoid investment mistakes is to understand your financial portfolio and clarify your financial goals. Every investment should be understood as simply one part of the financial picture. Coordinate your investments and make sure that you are diversified. Download the free resource Watch out for this investment mistake to help you avoid making common investing mistakes. Want to become as rich as a king? Trying to manage your money better? Trying to understand your investment portfolio in a way that optimizes on growth? Doug Goldstein and Susan Polgar co-authored Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. The book explains how winning chess strategies can be applied to your investment portfolio. Find out how you can make the right moves with your investment portfolio and become a strategic investor. Download the free resource: Watch out for this inv

How should you manage your retirement nest egg? Managing your retirement portfolio is complex and it’s different for every retiree. Every investor wants to keep their nest egg safe. What is the best way to protect your nest egg from breaking? How should you manage your money at each stage of your retirement? Listen to the podcast to discover the three things you can do to stop your retirement nest egg from breaking. Download the free resource 3 Steps to Stop Your Retirement Nest Egg from Breaking to learn more. Planning for Retirement Are you planning on retiring in the near future, but do not know what financial moves you need to make first? Everyone has different retirement needs, but there is a common series of steps you can take to plan for retirement. Learn more about retirement planning at Doug Goldstein’s corporate website. Redefine how you think about your retirement. Download the free resource: 3 Steps to Stop Your Retirement Nest Egg from Breaking

American tax laws originally enacted to combat money laundering and terrorism adversely affect the millions of American citizens living abroad. Colleen Graffy, a former United States Deputy Assistant Secretary of State for Public Diplomacy and Professor of International Law at Pepperdine University, explains why FATCA (Foreign Account Tax Compliance Act) restrictions are unfair to law-abiding U.S. expats. Did FATCA lower the value of U.S. citizenship? Follow Colleen Graffy on Twitter @Colleen_Graffy Whether FATCA applies to you or not, you need to prepare for retirement. Consider whether dividend-paying stocks are appropriate for retirement savings. Find out more, and also how to download a free copy of The Retirement Planning Book, written by Douglas Goldstein CFP®, by listening to today’s show.

When was the last time you thought about your investment goals? Every investor has a different reason for investing. The three primary reasons for investing are growth supplementing your income divestment Once you know why you are investing, it is easy to find the most appropriate investments to meet your goals. The free resource Three Goals of Investing – Which One is Yours is a comprehensive overview of the primary reasons behind investment portfolios and how investors can shape their portfolio based off their specific goals. Download the free resource: Three Goals of Investing – Which One is Yours? Once you know your investment goals, make sure you have the temperament to withstand volatility both within the stock market as a whole and in your own portfolio.