Read Doug’s articles originally printed in The Jerusalem Post.
Profile Perspectives
Proper financial planning can change your relationship with money.
Confessions of a Financial Advisor: What I Do With My Own Money
My clients often ask me how I manage my own money. I’m happy to answer this question.
Not everyone should invest the same way
Investments aren’t a matter of “one size fits all.” All folks have their own personal circumstances, risk tolerance, and goals. Therefore, I wouldn’t recommend you copy my portfolio because my needs are probably different from yours…. Read more
Why You Need to Watch Your Investment Account
When you go to an investment advisor and open a brokerage portfolio, who actually watches your money?
The answer depends on the type of account you open. Generally, investment accounts are handled by a team: an investment advisor, money manager (if selected), and you. Each plays a different role, and it’s important to understand the different functions…. Read more
Should You Invest Through Your Israeli Bank?
The title of this article is a rhetorical question. You may not have a choice… many Israeli banks no longer provide investment services for accounts held by American taxpayers.
To be compliant with new American regulations, many Israeli banks no longer open investment accounts for Americans. While dual American-Israelis can continue with banking and checking services,… Read more
3 Steps to Picking the Right Financial Professional
Though there are many questions you should ask when selecting someone to help you handle your money, consider these three:
#1 Who is the subject of the first meeting
At your initial meeting, the advisor should spend much more time asking you questions than lecturing about who he is…. Read more
How Vacations Can Help You Get Rich
Summer’s here! But before you head to the beach, consider the following:
Suntan lotion: The sun’s negative effects and its ability to cause skin cancer are only seen many decades later. Though your great tan might give you a “healthy” look, it could lead to your demise in the future…. Read more
A Widow’s Dangerous Financial Decision
Here’s a story that I’ve watched unfold many times in my conference room. Do you recognize yourself, or perhaps your parents?
She made a lot of money
I sat with a new client, a woman whose husband of over 50 years had handled all of the money decisions, and she proudly told me about all of the successful stocks that he had chosen…. Read more
Should You Go “Paperless” with Your Account Statements?
Are you drowning under the paperwork related to your U.S. brokerage account? Securities regulations require investment companies to provide a great deal of information to their clients. This transparency is ultimately meant to help the consumer. However, if you are like many people, you toss the paperwork without actually reading it…. Read more
How to Withdraw from Savings and Still Be Rich
Typically, retirement income consists of pensions from work and the government (If you’re an American receiving Social Security and an Israeli pension, see our free video webinar on the “Windfall Elimination Provision” that will cut your Social Security payments).
For many retirees, pensions aren’t enough to meet their needs…. Read more
How to Handle Small Losses in Your Portfolio
If you discover a small loss in your portfolio, what should you do?
The first thing is not to get discouraged. Not every loss is necessarily a bad thing.
A chess idea that can make you a better investor
Once, when I played a game of chess with my children’s chess coach,… Read more
A Nobel Prize Winner’s Strategy for Success
The problem with a lot of financial advertising these days is the “one size fits all” attitude. Financial companies market their product to everyone, even though we’re all different.
How to find the right investment
Here’s what Nobel Prize winner of Economics Robert Merton personally told me: goal-based investing is the best formula to reach financial success…. Read more