“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 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
Countries reduce their deficit by cutting spending and raising taxes. Neither move is very popular. On The Goldstein on Gelt Show I spoke with David Leonhardt, Washington Bureau Chief of The New York Times, about possible solutions to governments’ deficits. Leonhardt noted that despite cuts in spending and raising taxes America still has a deficit problem…. Read more
Putting a portion of your retirement portfolio in another country is a good way to diversify risk on a global level. The risks associated with the economy of any single country can be mitigated by purchasing assets in other countries. Geographic diversification can be achieved through a U.S. brokerage firm by buying foreign stocks,… Read more
As you read this, inflation is eating away at the value of your money, and you need to protect your retirement from inflation. Over time, American’s inflation rate has slowly eroded the value of the dollar to the point where $1 today would only have been worth 4.8 cents in 1913 dollars…. Read more
Investors seeking growth and tax-advantageous investments often look to investing in a foreign country. While this is commonly done with foreign stocks or global mutual funds, there is an unusual trend in foreign investments among the world’s ultra-wealthy…moving to a foreign country.
Countries want wealthy new residents who will invest in their economies and hopefully create jobs…. Read more
Many aspects of retirement planning are based upon actuarial charts and life expectancy calculators that tell you how long the average person lives. It’s difficult to plan for a phase of your life based on an assumption that may or may not actualize. Even if the statistics were correct, they don’t take into account the chances of something unforeseen happening that may alter original projections…. Read more
If you’re ready to get serious about a multicurrency life, here are some key ideas you need to know.
Reference and Living Currency
The first thing you have to know is the difference between a reference currency and a living currency. A reference currency is the currency that you use to measure your net worth…. Read more
Are your financial decisions based on emotions or are they a rational evaluation of facts? Would making decisions like an economist help you further your financial goals?
Recently, on The Goldstein on Gelt Show, I discussed the role of reasoning in making economic decisions with Randall Bartlett,… Read more
Innovative and high-tech companies have a reputation for growth and the potential to make investors rich. How do they do it? In some cases, the most successful ones completely shatter all common business paradigms by creating “disruptive technology.”
Disruptive technology
A great example of disruptive innovation is Johannes Gutenberg’s invention of the printing press in 1450,… Read more
