Doug welcomes Meb Faber, chief investment officer of Cambria Investment Management, to the show to discuss why people have a hard time finding the right investments. Listen as they explore common mistakes investors make when choosing their investments. Meb reveals a good investment that is commonly overlooked: investing in a financial advisor. Meb expounds on why a money manager is a sound investment. There are many ups and downs in the investment world, and having a financial or advisor is a gr...
Jul 06, 2017•21 min
Ellen Rogin, CPA, CFP®, and The New York Times bestselling author of Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality joins the show to help motivate listeners to reach their financial goals. You can do it! Ellen and Doug talk about the effectiveness of imagining your ideal life as a motivator towards making good decisions. Ask yourself, “What would my ideal retirement look like? How would I feel?” These questions are important when setting financial goals. For most pe...
Jul 06, 2017•22 min
Tobias Carlisle, author of Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations joins Doug to discuss the difference between deep value investors and franchise investors. What type of investor are you? You’re a deep value investor if you look for small companies that have the potential to be great. The deep value method is a long-term approach that requires in-depth analysis of the company in question… and a bit of wisdom. Companies on the verge of l...
Jun 26, 2017•21 min
Doug makes a convincing case for REITs (Real Estate Investment Trusts) for people wanting to invest in real estate. REITs may be a good alternative for people who want to own real estate but want to avoid the “mess” of being a landlord. Doug explains what a REIT is and its potential benefits. He also discusses the problems of doing business outside of the U.S. with “packaged products.” Listeners will learn what a “packaged product” is and why it is considered a PFIC (Passive Foreign Investment C...
Jun 22, 2017•20 min
Professor Elinor Ostrom, winner of the 2009 Nobel Prize in Economics, explains what common pool resources are and how this concept encourages preservation of the environment. We were privileged to interview Professor Ostrom a few weeks before she passed away in 2012.
Jun 11, 2017•16 min
Have you been approached by a “too good to be true” offer or other investment scheme? Many people are tricked by questionable investment offers. What’s the biggest mistake these people make? They don’t read the fine print. Doug stresses the importance of understanding all your investments before making a financial decision. He suggests consulting a professional money manager or a trusted advisor who understands money and your own financial situation. Financial predators rely on the fact that peo...
Jun 08, 2017•20 min
Has the firm holding your U.S. brokerage account asked you to transfer your assets out because you no longer have an American address? Doug shares an experience he had when he helped an American living in Israel with their U.S. brokerage account. There are certain issues investor needs to know before moving their U.S. based assets. When that dreaded letter comes in the mail, Doug has insights on how to find a brokerage firm that will hold your account, even if you live overseas. What do Gen X an...
Jun 05, 2017•21 min
Want to learn about a solid strategy to diversify your investments? Doug recalls his interview with Nobel Prize winner Dr. Harry Markowitz about Modern Portfolio Theory. The conversation gave practical advice about using market analysis to find the right investments for a well-diversified portfolio. (Listen here to their discussion) If you don’t want to build a diversified portfolio by yourself, you can work with a money manager. Investors should interview money managers and ask what diversifyin...
May 18, 2017•19 min
The host of the Mo’ Money Podcast, Jessica Moorhouse tells Doug what millennials need to know about investing. They discuss the financial difficulties the millennial generation deal with and how that poor preparation can be countered. Jessica emphasizes the ideal financial plan of both reducing debt and investing money for the future. One of these planning techniques is creating smart money habits, which are the surest way to meet financial goals and to prepare for what the market throws your wa...
May 15, 2017•22 min
Does fear drive your international investing decisions? Listen for tips on how to minimize your fear of investments. Don’t let what might happen affect your decision making. Bearing that in mind, Doug also suggests that diversifying the currency in your portfolio is crucial for people who save in one currency and spend in another. Be sure your investment decisions are within your comfort level. International investments raise many questions especially when currency diversification comes into pla...
May 11, 2017•16 min
Christine Benz, the author of Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and senior columnist for Morningst a r returns to talk withDoug about how investors can use the “bucket strategy” to manage their fear of risk. She shares how investors can manage risk in this “war on savers” market. In today’s current market, risk is becoming more of a necessity. Christine explains how to balance the old methods of retirement planning with being more open to ris...
May 08, 2017•25 min
Michael W. Zisa, a high school finance teacher and author of The Early Investor , is an advocate of teaching personal finance so kids can start investing at an early age. Michael shares what it’s like to teach young investors to make wise and informed investments. He describes the encouraging response to his class and what are some of the investment basics he covers with his students. Why joint brokerage accounts may be good for spouses, but not for siblings Sometimes a brokerage account is setu...
May 04, 2017•17 min
Can decision fatigue be partly to blame for a bad investment choice? Nyle Bayer, an experienced money manager, examines what decision fatigue is and how it can cause you to make poor investment choices. Nyle has worked in the financial sector for many years with his father who is also a financial advisor and CFP®. He discusses what factors he has personally observed that could result in a bad investment choice, and why men and women approach investing differently. Do you ever wonder if Doug take...
Apr 03, 2017•23 min
Professor Tomas Lindahl, winner of the 2015 Nobel Prize in Chemistry, talks about his research with DNA and the human genome. Dr. Lindahl shares insights about the vulnerability of your DNA… and how it might be possible to fix it. Is a cure for cancer on the horizon? Discover why medical research is one of the most important investments there are.
Apr 03, 2017•10 min
Professor Robert C. Merton, winner of the 1997 Nobel Prize for Economic Sciences and professor of finance at the MIT Sloan School of Management, explains how a longer average lifespan affects retirement planning and what you need to do to plan for your old age today. Follow Professor Merton at: www.robertcmerton.com
Apr 03, 2017•16 min
Professor Robert Shiller, winner of the 2013 Nobel Prize in, and author of Finance and the Good Society , talks about how financial institutions and innovations could ultimately be used to improve the quality of society. How can high finance be used to reduce inequality among people? Follow Robert Shiller at www.robertshiller.com
Apr 03, 2017•16 min
Professor Arieh Warshel, winner of the 2013 Nobel Prize in Chemistry, talks about the role of chemical processes in daily life and how these aid scientific breakthroughs. Find out why there has been a “brain drain" in recent years, as many scientists and researchers look for research funding abroad, and what expat Israeli intellectuals are doing about academic boycotts.
Apr 03, 2017•15 min
Economics Professor Alvin Roth of Stanford University won the 2012 Nobel Prize in Economics for his work on market design. What is "market design," and how can it be applied to kidney donation, getting married, and medical students choosing residency programs?
Apr 03, 2017•16 min
Professor Robert Aumann, winner of the 2005 Nobel Prize in Economics, explains game theory, how it works, and how it can it be applied to making financial decisions.
Apr 03, 2017•17 min
Professor Edmund Phelps, winner of the 2006 Nobel Prize in Economics, and author of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change , discusses how mass innovation and the creation of new products leads to national prosperity. What do people need to encourage them to think of new ideas? And how do new ideas help spread prosperity? For a video version or transcript of this episode, go to http://goldsteinongelt.com/nobel-prize-winner-interviews/edmund-phelps...
Apr 02, 2017•14 min
Is minimum wage important for workers? Professor Dale Mortensen, winner of the Nobel Prize in Economics in 2010, explains what the movie Moneyball teaches about the minimum wage. Find out what friction is in terms of markets, and what may encourage workers to be more productive.
Apr 02, 2017•16 min
Professor Peter Diamond, winner of the 2010 Nobel Prize in Economics, explains the purpose of Social Security and how recent policies may affect the U.S. economy. What can retirees expect from Social Security in the future?
Apr 02, 2017•17 min
Magnus Carlsen is one of the world’s most famous chess players, becoming a grandmaster at age of 13. In this interview, he shares his thoughts on the question of whether talent is innate or if it is something you have to work at. He also gives advice on how to develop your chess skills and shares what a day in the life of a top chess professional is like.
Apr 02, 2017•12 min
Macroeconomic data such as inflation, interest rates, and employment figures often appear in news reports. But what does this information mean, and how does it affect the ordinary person? Professor Christopher Sims, winner of the 2011 Nobel Prize in Economics, explains what macroeconomic data teaches us about the state of the economy. Follow Professor Sims at: http://www.princeton.edu/~sims/
Mar 30, 2017•16 min
What’s the difference between quasicrystals and regular crystals, and how does this affect your life? Professor Daniel Shechtman, winner of the 2011 Nobel Prize in Chemistry, tells the story of how he defied scientific opinion to discover quasicrystals. Find out which industries use quasicrystals today, and why Israel produces so many successful scientists.
Mar 29, 2017•17 min
Are margin accounts a smart way to build a portfolio? Ever thought about borrowing money to invest? Don’t do it! At least, not till after you listen to this episode of The Goldstein on Gelt Show ! Margin accounts, borrowing money to invest, is a risky investment strategy that shouldn’t be done without careful consideration Find out what a margin account is and why it may be a bad idea. Four questions to consider before creating a margin account Doug has four questions that every investor should ...
Mar 23, 2017•25 min
Often the financial world advocates “more money” and “more growth” – but can you live with less? Graham Hill is a firm believer that you can live on less. Graham’s awesome TED Talk, “ Less Stuff, More Happiness ” set off a lively debate. He shares his unique view on society’s need to get more money, more power, more stuff…just “more” in general. Yet, studies show that beyond a certain minimum income level, people’s happiness levels don’t increase the more money they earn. Doug and Graham discuss...
Mar 20, 2017•23 min
What is graphene, and where and how is it used? Andre Geim, who won the Nobel Prize in Physics in 2010 for his work in discovering graphene, discusses his work and its practical implications. How easy is it to turn a scientific breakthrough into a viable consumer product?
Mar 15, 2017•15 min
Is it possible to make an income from passive income, or is it all internet hype? Online entrepreneur Pat Flynn, from the Smart Passive Income blog , explains how more and more people are running successful online businesses. He also shares how he earns money from passive income and gives tips on how to begin an online business. Follow Pat Flynn at: www.smartpassiveincome.com and on Twitter @PatFlynn.
Mar 15, 2017•16 min
Does being an optimist have hidden benefits? Benjamin Zander, music director of the Boston Philharmonic Orchestra and the co-author of The Art of Possibility , explains how learning from your failures can turn you into an optimist. Follow Benjamin Zander at: www.benjaminzander.com and on Twitter @BenjaminZander
Mar 15, 2017•17 min
