Ever feel “asset-rich but cash-poor”?
That was the shock a retired couple shared with me recently. They spent years building a portfolio of real estate, relying on rental income to fund their lifestyle. But when unexpected expenses hit—helping family, covering medical bills—they found themselves in trouble. Their wealth was tied up in properties,… Read more
Are market swings making you anxious about your investments? You’re not alone. Many investors feel overwhelmed by market volatility. One of my retired clients who typically enjoys managing her portfolio recently told me the constant fluctuations leave her feeling stressed. If you’re in a similar situation, there are ways to manage your emotions and make smart decisions,… Read more
Fear of managing your hard-earned money can be paralyzing, but small steps can lead to significant financial gains. As a financial planner, I’ve seen many clients whose fear of making a mistake prevents them from making any financial decision, good or bad. I recently met with a woman who was widowed for more than 20 years and left her money sitting in a bank out of fear and uncertainty…. Read more
Have you ever felt your charitable donations could be more impactful?
Some people worry their charity isn’t making the difference they intended. Strategic philanthropy can make the world a better place and also benefit your financial health. Here’s how to ensure your charitable giving has the strongest effect:
Align Giving with Family Values
To maximize the impact of your charitable donations,… Read more
I recently sat down with a client who had just moved to Israel and wanted to review his investment strategy. As we started the conversation, he asked, “Doug, how do I know if I should take big risks or play it safe with my investments?”
This is a question I hear often,… Read more
Have you ever felt like your investments were no longer working for you? Like you’re stuck in a financial situation that doesn’t align with your goals or comfort level? Recently, I spoke with a widow living in Israel who faced this very issue. Despite having a well-established portfolio in the U.S.,… Read more
Imagine this: You’re ready to donate money, but your wealth is stuck in stocks. This was the challenge for one of my clients during the war. He wanted to make a significant donation to help the soldiers, but his assets were stuck in investments that if he sold them,… Read more
Imagine you’re on a long road trip with a buddy. Both drivers need to agree on the destination, determine when they’ll make pit stops, and keep the car running smoothly. The same principle applies to managing your finances. You and your spouse need to agree on your goals, strategies, and tactics…. Read more
Are you and your siblings united by the need to manage your aging parents’ finances? As parents age, the transition of financial duties to their children can seem daunting, and many parents are reluctant to cede control. However, embracing this shift with respect and kindness can significantly stabilize future financial well-being and foster stronger family ties. … Read more
Have you ever felt a knot in your stomach when making a financial decision? Or perhaps an overwhelming sense of excitement? These reactions are more common than you might think. Unfortunately, they can also lead to costly money mistakes. Behavioral finance, a field that examines the psychology behind investment decisions, sheds light on why we make bad mistakes and how to avoid them. … Read more
