Read Doug’s articles originally printed in The Jerusalem Post.
Profile Perspectives
Proper financial planning can change your relationship with money.
Why Receiving an Inheritance is Difficult: It’s not “free” money
Two years after being diagnosed with pancreatic cancer, my father passed away. He left his daughters a houseful of memorabilia and his investment accounts.
Along with the emotional turmoil, I was faced with the task of processing the estate. I learned a few valuable lessons that I hope you can use to organize your own finances to make it easier for your heirs (in 120 years…)…. Read more
Is it Hard Not to Worry About Your Stocks?
Are you finding it hard not to worry about your stocks? Even experienced investors tremble when the market goes crazy. Here’s what you can do now to minimize your worries:
Ignore the news.
Avoid the “hot” tips that you hear from friends or read about on the internet…. Read more
JPMorgan Foreign Retail Clients Are Getting Their Accounts Shut Down
If you have an investment account at JPMorgan, you might soon get a “Dear John” letter from them. According to a Bloomberg article, in order to focus more on their domestic business, JPMorgan has decided to close the accounts of clients in more than 50 countries.
These clients,… Read more
Can Mutual Funds or ETFs Improve Your Portfolio’s Performance?
Myth: Americans living in Israel can’t buy mutual funds.
Fact: Americans in Israel can buy mutual funds, but read carefully….
On last week’s The Goldstein On Gelt Show, I offered a free download of a 7-step list for investing in mutual funds…. Read more
How to Discuss Money Matters With Your Parents
Do your aging parents find it difficult to discuss money and their personal finances with you?
Many older people don’t like talking about anything financial because they were raised to believe that personal finance is too private to discuss with anyone – even with their own (adult) children. Some folks are sensitive about money because of emotional baggage associated with their past…. Read more
Here’s a Quick Way to Invest in the Stock Market
Here’s a story that’s supposed to illustrate a quick way to invest in the stock market and make a lot of money:
They say that legendary investor Peter Lynch, who ran one of the biggest mutual funds of all time, discovered L’eggs, not from his market research, but rather from his wife…. Read more
The Investment Tool You Need to Invest Your Money Like the Pros
“What investment tool I can use to make money like the rich people do?” a new client asked me. I could see he wasn’t looking for an in-depth financial education about how to identify great stocks. He just wanted a simple system he could easily follow to increase his chances of making money. … Read more
How to Make Money in an IRA
When you withdraw money from your IRA (or if you inherited an Individual Retirement Account from someone and take yearly distributions), don’t fool yourself.
Just because you withdraw money from a retirement account does not mean that you actually made that money. Rather, you might just be pulling out your principal. … Read more
What Happens to Your IRA Account When You Make Aliya?
What should you do with your American IRA account (Individual Retirement Account) when you live in Israel?
Your initial thought might be to cash out your IRA account and transfer the funds to Israel. But considering the tax-deferred nature of an IRA, that might not be the wisest move.
Moving your retirement account to Israel may be expensive
IRAs are good vehicles for retirement saving because they let you defer paying American taxes on capital gains,… Read more
What You Need to Know about Moving Money
Moving money from one financial institution to another, or from one country to another, is not as easy as it sounds.
Even though the money may be legitimately yours, financial institutions can make you jump through hoops in order to gain access to it.
Moving money in and out of accounts can look suspicious,… Read more