Read Doug’s articles originally printed in The Jerusalem Post.
Profile Perspectives
Proper financial planning can change your relationship with money.
How Modern Portfolio Theory Can Make You a Better Investor
Can “Modern Portfolio Theory” increase your investment returns?
Recently, on The Goldstein on Gelt Show, I spoke with the inventor of Modern Portfolio Theory, Nobel Prize in Economics winner, Dr. Harry Markowitz.
Dr. Markowitz explained various aspects of Modern Portfolio Theory and its impact on the individual investor…. Read more
Is Financial Success Just a Matter of Luck?
Is financial success more about planning or luck?
In the book Rich Kids, Tom Corley discusses three different kinds of luck:
Random luck is the kind of luck we can’t control. Random good luck includes winning the lottery or getting an unexpected windfall. Conversely, examples of random bad luck include sudden illness or being struck by lightning…. Read more
Should You Have a Shared Savings Account With Your Spouse?
What’s the best way to invest with your spouse? Should you have a shared savings account or separate accounts?
Whenever I help a couple set up U.S.-based brokerage and investment accounts, I ask whether they want a “joint” account, or whether they want to keep their money separate.
Shouldn’t couples always invest together?… Read more
How to Avoid Tax Mistakes When You Receive an Inheritance
When receiving an inheritance, it’s important to avoid making tax mistakes. Certain tactics, such as opening a U.S. brokerage account (see below for an interactive tool) can help. Watch out for these mistakes:
Mistake #1 – Taking money out of an IRA
To maintain the tax-deferred status of an inherited IRA (Individual Retirement Account),… Read more
Why You Might Benefit from Having a U.S. Brokerage Account
Unsure of the benefits of a U.S. brokerage account? Use a free interactive form (Profile-Financial.com/interactive) to learn why it may be helpful to keep some of your investments in America even though you live in Israel.
One of the most common financial problems Americans living in Israel face is when their U.S…. Read more
The Best Way to Pay for a Wedding
After accepting all the good wishes and mazal tovs, the first thing parents of a newly engaged couple need to think about is the best way to pay for a wedding.
Making a wedding can be costly. If you have savings to cover the cost, great. That’s the topic of today’s article…. Read more
What Parents Need to Do If They Want Rich Kids
Some people say the next best thing to being personally financially successful is having rich kids. However, teaching children good financial habits can be challenging. Here’s where Tom Corley and his book Rich Kids comes in handy. This is a great resource for teaching children (of all ages) about money…. Read more
The Surprising Results of an Investment Evaluation Tool
Note: After reading the following true story, try the free Investment Evaluation Tool to determine if you are invested more aggressively than you should be. Details for accessing the tool are below.
When I talk with people about how they should structure their U.S. investment accounts, one of the common questions I ask is how long do they plan to keep the money invested…. Read more
Is Panic the Best Reaction to a Drop in the Stock Market?
As an investment advisor who helps olim manage their American brokerage accounts, I’m often asked, “Why should I invest in the stock market if it drops?”
If you believe that the stock market only goes down, … Read more
How to Solve this Common Problem with American Brokerage Accounts
I often receive calls at my office from people who say that they have a problem with their American brokerage account because their U.S. investment advisor asked them to change firms. It’s not because they don’t meet the minimum balance requirements. Rather, it’s just because they have chosen to live overseas…. Read more