Equity ownership
When a corporation sells shares of its own stock, these represent ownership in the company. In other words, a purchaser of even just one share of stock in a company is an owner of the company, albeit a very small owner. As a company prospers, it has the option to reinvest profits back into the business…. Read more
Personal Finance
How to Stay One Move Ahead in the Game
One of my favorite hobbies is playing chess. Apart from the challenge of checkmating my opponent, I enjoy the lateral thinking, planning, and strategic thinking skills that are involved in the game.
Recently, I was privileged to interview Israel’s top chess player, Grandmaster Boris Gelfand, on The Goldstein on Gelt Show…. Read more
What You Need to Know About Timing the Market
This is the final installment of our series on investment strategy. This week’s article is about market timing, which is essentially the opposite of dollar-cost averaging.
Pros who believe they can put their money into the market at “optimal” times monitor trends and other financial criteria. They believe that markets follow predictable patterns and that market timers can select stocks before they shoot up…. Read more
4 Qualities to Look for in Choosing Money Managers
Your financial advisor/broker can help you with portfolio planning and carrying out the actual investing. He can suggest suitable purchases, but he cannot follow each and every client’s financial holdings on a daily basis.
That is where a money manager comes in. Financial planners encourage clients to hire a money management team to focus on their portfolios…. Read more
Investing Strategies 101: Buy and Hold
One of the main keys to successful investing is strategy. In the financial world, there are various approaches and strategies for handling your money, and it’s always a good idea to research them to find out whether they could be useful to you.
Over the next three weeks, I will explain the nature of different investment strategies and how they work…. Read more
5 Tips to Following Your Financial Plan
Making a financial plan is about a lot more than juggling annual returns, budgets, and anticipated income and expenses. It is a detailed snapshot of your cash flow as well as your goals, and what you are willing to compromise to achieve them.
Here are five tips to help you create and maintain your financial plan:
Avoid unrealistic expectations.… Read more
Do You Need an Emergency Fund?
Financial advisors suggest maintaining an emergency savings fund ranging from three to six months of non-discretionary expenses. Having a set amount set aside for emergencies protects your retirement savings, and helps you avoid going into serious debt when a fiscal crisis occurs. While it may be emotionally difficult to keep money in a liquid (read: not high-yielding account),… Read more
How Much it Will Cost You to Get Another Passport
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
Make Your Retirement Dream Lifestyle a Reality
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
A Free Tool for Making Better Investment Decisions
What’s missing when a motivational speaker tells you to visualize your goals? What’s missing is the “how”! People (hopefully) know about the importance of goal setting, but in fact, it’s much easier said than done. I’ve created an online tool that will help you make and achieve your goals…. Read more
