Read Doug’s articles originally printed in The Jerusalem Post.
Profile Perspectives
Proper financial planning can change your relationship with money.
How Strategic Thinking Can Make You Wealthy
Have you ever wondered which kinds of thinking strategies successful businessmen follow?
According to Stanley Ridgley, a professor in the department of management at Drexel University, the answer to what makes one person stand out from the rest is strategic thinking. When I interviewed Professor Ridgley on The Goldstein on Gelt Show,… Read more
If Your Parents are American, Uncle Sam May Be Looking for You
Recently, I received an interesting phone call. The caller was a young Israeli woman. After apologizing for her “not great” English, she told me that she has lived in Israel all her life and has never visited the United States. Her mother was originally from New York but has lived in Israel for several decades and is married to an Israeli…. Read more
The Truth You Should Know About Behavioral Finance
As a financial planner, my exposure to the field of behavioral finance isn’t just theoretical. When clients come to my Jerusalem office for a consultation, I’m constantly amazed at how frequently their thought processes and rationalization of decisions follows the scientific research of behavioral finance.
What influences financial decisions?
I recently discussed why people invest the way they do,… Read more
Three Money Messes to Avoid
A retired client of mine sent me an email that started: “What a crazy world it’s become! Corona, riots, elections! Who knows what’s next?” I wrote back, “No one knows, but there’s a lot more going on in the world than just that.” I then explained the following three potential money messes and concluded,… Read more
Spend Your Money Now
“You always tell people to save,” a prospective client said. “When can I enjoy life and spend money?”
If you’ve been reading my articles and blogs and listening to my podcast (GoldsteinOnGelt.com) over the years, and if you haven’t been spending any money, let’s consider some options for using your cash. … Read more
The Bonds American Olim Should Sell
If you live in the United States and are in a high tax bracket, a good move to minimize your tax bill is to purchase tax-exempt municipal bonds. This may be a smart move since the tax-exempt status of many of these bonds means that you don’t pay tax on the interest payments that you receive…. Read more
An Alternative to Mutual Funds
Since Americans living abroad are frequently denied the opportunity to buy mutual funds, how can investors diversify their portfolios without being responsible for the day-to-day management of dozens of individual stocks and bonds?
One possible answer is a separately managed account, or SMA. An SMA is a customized portfolio offered by a brokerage firm and managed by an independent investment management firm or money manager…. Read more
An Investment in Israeli Transportation
The last time you drove in Tel Aviv, did you wish there was a more efficient transportation system that’s clean, fast, and comfortable?
As traffic and levels of air pollution rise in the world’s major cities, the need to find an effective system is becoming more pressing than ever. Tel Aviv is the site of an interesting transportation experiment – the SkyTran…. Read more
Is Your Home Your Retirement Nest Egg?
Many people consider their home to be their best investment because they get to live in what they hope is a one-way street to real estate appreciation. People’s homes are often the largest percentage of their net worth. However, as I often remind clients, it may be fine to enjoy living in a nice house,… Read more
The Not-So-Secret Secret Tool I Use to Help Clients Make Money
When I recently offered a client the services of a money manager, he was surprised and asked, “You’re my financial guy, so why don’t you trade my account? Do you have some secret tool in your back pocket?”
I’ve heard this question quite often, and the answer is that having a third-party money manager alongside a financial planner can help clients get the best of both worlds…. Read more