What are the steps you need to take before retirement? What are the critical things you must do before you clean out your desk at work? Hopefully you’ve accumulated a significant amount of savings to supplement your pensions before you retired. But how that money is invested may be even more important than the fact you have savings. An investor should consider their portfolio’s asset allocation and its tax efficiencies before retiring. What kind of situation is your portfolio in? Are your invest...
Mar 24, 2022•16 min
If a bond is actually a loan, how and why do people invest in them? In this week’s show, Doug and Efraim talk about how bonds are affected by inflation and interest rates. What are the differences between high and low interest rates, and what causes them to change? Doug explains why when the government is concerned about the economy, the Fed lowers the interest rates which affects the banks and allows them to lend more money to companies and individuals… who will hopefully spend that money and s...
Mar 10, 2022•17 min
For nearly two years investors faced the chaos of Coronavirus. Today, we’re facing the chaos caused by the Russian invasion of Ukraine. We can’t predict how either of these two events will end, but we do know that sometime in the future there will be more chaos wreaking havoc on the market. What should an investor do when the markets tumble? There have always been wars, plagues, and major upheavals, and yet some people have made money while investing in turbulent times. Join Doug to understand t...
Mar 01, 2022•9 min
What is the first thing you should do after you inherit your parents’ stock portfolio? Start with a financial planning outlook. Take a moment to think about your own needs , and determine if the inherited stocks meet those needs. If not, then decide how to sell them and what to invest in instead. The important thing is that even though at one time the assets were your parents’ stock, you don’t need to keep the assets invested in the same stocks that they did. Instead, you should create a portfol...
Feb 24, 2022•10 min
What do you need to do to have a financially successful retirement? Even if you’re lucky enough to receive a work and/or government retirement pension, chances are it won’t cover all your expenses. That is why folks increasingly depending on their investment portfolio to sustain their retirement. Have you set up your investment portfolio for success? The free resource “ Do These 4 Things to Have a Financially Successful Retirement ” is a must-read for anyone who wants a financially successful re...
Feb 17, 2022•19 min
Everyone wants a successful investment portfolio – but the definition of a successful investment portfolio is different for everyone. What would need to happen in order for YOU to consider yourself successful at investing? Do you need to redefine your definition of success or redesign your portfolio? Download the free resource “ Three Tips for a Successful Portfolio ” which gives three simple tips to help optimize your portfolio to help it meet your investment goals. Remember, a successful inves...
Feb 10, 2022•16 min
When should you speak with a financial advisor? While you should always speak with a financial advisor if you have unanswered questions about your investments, that is not the only time you should consult with a financial professional. To find out when you need to get professional financial advice, listen to this podcast, and then download the free resource 4 Times You Should Speak with a Financial Advisor . Finding a financial advisor How can you find a financial advisor that is the right fit f...
Feb 03, 2022•12 min
Did you inherit money from abroad and are having difficulty collecting the assets? Receiving an inheritance from abroad can be complicated. Claiming an inheritance is full of bureaucracy, as each organization has to verify the beneficiary’s identity. If you’re a beneficiary to an account in another country, the rules and regulations different firms have are complicated. In order to simplify the process, download the free resource “ How to Claim an Inheritance from Abroad.” There are a series of ...
Jan 27, 2022•13 min
Does your American brokerage firm want to end your relationship because you live in Israel (or anyplace else other than the USA)? Why would a U.S. broker not want to work with an account with a foreign address? Brokerage firms in the United States may drop clients living in Israel because of the fear of not knowing their client properly and extra bureaucracy involved in having clients who live overseas. However, it is not against the law for folks living overseas to have American brokerage accou...
Jan 20, 2022•14 min
If you are going to pick individual stocks, how should you choose them? Should you pick growth or value stocks? Is it a good idea to try to pick one stock for your portfolio? In this week’s show, Efraim and Doug talk about what if someone wants to invest in the market without professional advice. Doug explains what the difference between growth and value stock is and the different ways to invest. Does every company start from growth and slowly move to value? Tune in to the whole show to hear a t...
Jan 13, 2022•15 min
In this down to earth show, learn how to use Yahoo! finance to help you research stocks. Efraim is ready to start investing. Listen to Doug’s tips on how to research a stock and understand all the numbers. While you listen, open up Yahoo! finance , and follow along as Doug and Efraim click through the different tabs. After listening to this show, you’ll be prepared to research stocks. Doug explains what the “yield dividend” is and how to calculate it correctly. You can still make a steady income...
Jan 06, 2022•14 min
Why is retirement Israel is different than retirement in America, or anywhere else on the globe? It’s because retirement plans need to be specific to individuals. Your retirement plan should reflect your individual goals and the current size of your nest egg. If you’re an American living in Israel and having a difficult time working with an American firm, it may be time to switch to an Israeli company that can help you keep your dollar assets and retirement accounts in an American brokerage firm...
Dec 23, 2021•16 min
Have you ever felt as if all the forces in the universe were stacked against you improving your financial situation? That doesn’t need to be the case! Today, Doug brings back one of the Goldstein On Gelt podcast’s most popular guests, Joe Saul-Sehy to discuss Joe’s new book, Stacked (co-written by Goldstein On Gelt former guest, Emily Guy Birken ). This book provides a huge amount of information about personal finance in a way that’s fun to read and inspirational. Doug and Joe discuss whether th...
Dec 23, 2021•21 min
Do you have enough money to retire and be financially secure? How do you even know what “enough” money is? Thinking about your retirement can be overwhelming, and it is natural to be concerned about retirement. The good news is the more carefully you plan for retirement, the more likely you’ll be able to make it financially. If you’re worried about retirement, download the free resource , “You’ll Have a Spectacular Retirement If You Know This One Thing.” This resource highlights the most importa...
Dec 16, 2021•10 min
What is the best way to plan in order to achieve a financially secure retirement? Is there a secret that wealthy people have that “ordinary folks” can imitate? A financially secure retirement is determined predominately by a person’s savings and investments. As you get older and your savings increase, the features of your investments should change. Take stock of where you are now, and determine a retirement plan that could serve you in the future. Listen to the podcast to find out which financia...
Dec 09, 2021•18 min
What are your unanswered questions about creating a retirement plan? Today’s show features a listener’s question about what he needs to do to create a retirement plan and create a long-term retirement strategy. Retirement planning is not “one size fits all.” Financial situations are often complex and intertwined with an individual’s personal finances. Some investment vehicles are better tools than others when planning for retirement. If you’re not already receiving updates on new episodes, sign ...
Dec 02, 2021•11 min
Have you heard the financial lessons of “Scatter Man” and “Generous Mom?” While identifying characteristics have been changed to maintain the privacy, there are important financial lessons to be learned from these two real-life investor stories. Learn why Scatter Man’s diversification techniques don’t work. Instead, Doug explains how to consolidate your money and how to put yourself in a position that will serve you and your investments. And, if you want to help your children, find a way to do s...
Nov 25, 2021•23 min
Do men and woman have different financial priorities? In this week’s show, Efraim and Doug talk about what’s the best way to set up your financial priorities and how to talk about it with your spouse. What is the best time of day to have a financial discussion with your spouse? Listen now to find out what Doug has to say about holding on to “good debt,” and why it might be a good idea to have a long-lasting mortgage. Another way of thinking about this is: should you invest in a high-return inves...
Nov 18, 2021•15 min
This week Doug discusses what are the key elements in a strong and healthy relationship. Most people think its “talking to one another”. But when is it right not to talk about money? Efraim Goldstein, Doug’s son, and happily married for two years and looking to continue to strengthen his marriage, asks the questions all newlyweds should know. When is it the best time to talk to your partner about your financial goals? Find out how to plan with your spouse for long term and short-term personal an...
Nov 11, 2021•15 min
Retirement isn’t only a topic for old people, plenty of young people are concerned about it too! Today, Efraim, a young adult not even finished with university studies, asks Doug why young people like himself should be concerned about retiring… even before they start to work. In this week’s show, Efraim, Doug’s son comes back with more questions about retirement. What should a young adult do to put themselves on the path to a financially comfortable retirement? How can young people know how much...
Nov 04, 2021•19 min
In this week’s show, Doug’s son, Efraim, an aspiring real estate mogul, pops into the studio and asks Doug questions about investing in real estate. In the past decade real estate prices have shot up, is now a good time to buy a house or did you already miss the chance to buy at a good price? How does the increase in housing costs relate to the steady growth of the stock market? Is it better to buy physical property or a REIT? If a REIT, what kind? Learn how you can diversify your account and in...
Oct 28, 2021•17 min
Israeli divorces are different than American ones. Jay Hait, a licensed lawyer in both America and Israel, joins the show to discuss the financial implications of divorce in Israel. Learn what the most common financial mistakes made when getting a divorce and how to avoid them. Every couple needs a financial plan. Jay highlights some of the legal issue about Israeli divorces and stresses the importance of creating a binding agreements. Jay explains his own view on the financial aspect of a marri...
Oct 21, 2021•21 min
What does financial freedom look like to you? Believe it or not, everyone has different definitions of what financial freedom is. What situation would you have to be in to feel financially secure? Linda P. Jones, the founder of Be Wealth & Smart VIP Experience , an online investment program that mentors woman financially, joins the show today to discuss common conceptions of financial freedom and how ordinary people can reach financial security. Listen to learn the three components of financ...
Oct 14, 2021•27 min
Even though the United States is strict about opening U.S. brokerage accounts from overseas, if you’re not a money launderer or criminal, it is easy to open a U.S brokerage account from overseas. As a financial advisor specialized in cross-border financial matters, Doug has over two decades experience in opening U.S. brokerage accounts for people who don’t have an American address. Unsure why your address might impact your ability to open an account? Listen to Doug’s discussion with Joe Saul-Seh...
Oct 07, 2021•18 min
When you die will your heirs need to pay estate tax? The distribution of a deceased person’s assets is a complicated process that may become more complicated when estate tax is involved. Ron Zalben, CPA at Aboulafa Avital Shrensky & Company law firm and frequent guest on The Goldstein on Gelt Show , shares insights on estate tax. Listen to learn if your estate will be subjected to estate tax, and what the current laws are. Did you, or are you anticipating receiving an inheritance? Doug wrote...
Sep 30, 2021•21 min
If a loved one recently passed, do you know what you need to do to claim your inheritance? Israeli law requires heirs to have a transfer certificate to claim an inheritance. What is a transfer certificate? Where can you get one? Today’s guest has the answers… Ron Zalben, a partner at Aboulafa Avital Shrensky & Company , has extensive knowledge of estate tax laws and transfer certificates. Getting a certificate can be a tedious process, but it is necessary to claim or transfer any assets. Ron...
Sep 23, 2021•19 min
What exactly is a power of attorney, and when would it come into play? Russell Mayer, a Senior Partner at Livnat Mayer & Company , explains what a power of attorney (POA) is and when people would typically need to use one. A power of attorney gives someone else the authority to handle your affairs in the event you can’t. There are several different types of power of attorney, and knowing which is the most appropriate can be complicated. In fact, Americans who recently moved to Israel may be ...
Sep 09, 2021•17 min
Why is it important to have a will, if it only comes into play after you no longer are alive? Russell Mayer, an estate attorney based in Israel, explains how the law distributes an investor’s assets after their death and why having a valid will makes a difference. Doug and Russell examine how a will works and who needs to be involved in creating it. Russell stresses the importance of each spouse having a separate will (some things just aren’t meant to be shared!). The death of a loved one is dif...
Sep 02, 2021•17 min
Do you know how to choose a mutual fund to best meet your investment goals? Doug just created The Mutual Fund Buying Checklist to help you choose mutual funds! Download it now! In a recent listener’s letter, Doug was asked if mutual funds were still a good investment. He was also asked if it is illegal for Americans living abroad to purchase them. Listen to today’s episode to get the answers. And remember if you are an American expat, you should always work with a cross-border financial advisor ...
Aug 26, 2021•15 min
Do you know the benefits of ETFs (Exchange Traded Funds)? While some investors like to pick their own individually stocks, statistically their overall returns tend to be lower than someone who invests in a mutual fund or ETF. Listen to today’s episode to learn what to look for in choosing an ETF and how to use them effectively. Long-investors who want to hedge their bets may find that investing in ETFs is the answer to having a stress-free portfolio. Download a free resource that outlines the ke...
Aug 19, 2021•16 min
