With the current news, investing can be a scary business. It’s great when you make money, but terrible when you lose. Even paper losses can hurt.
While investing can be nerve racking, it doesn’t need to be. If your investments are made according to your financial plan, and you maintain your desired asset allocation, … Read more
As a result of anti-money-laundering legislation that was supposed to dry up the cash flow to terrorists, a great deal of trouble has befallen U.S. citizens living overseas. Not only do Americans now have to file IRS tax returns, but any of them who hold an aggregate of $10,000 in overseas accounts needs to file additional forms with the American government…. Read more
Boy! I really riled the feathers of a Nobel Prize winner recently when I suggested that the U.S. Social Security system resembles a Ponzi scheme. Let me give you the background: Since I work with many American olim when I help them put together financial plans and handle their U.S…. Read more
On Wall Street, risk means the possibility of losing some, or even all, of your original investment. Risk is the chance that your final investment return will be different than what you expect it to be. The risk/return tradeoff is the balance between the lowest possible risk one is willing to assume and the highest possible return one can hope to achieve based on the risk taken…. Read more
The most important time to focus on a successful retirement may be the five years preceding retirement.
Five Years and Counting
The five-year period leading up to retirement is generally the time people bring home their largest paychecks due to their experience and company seniority. At the same time,… Read more
People are often divided into two categories: “haves” and “have-nots,” or fiscally “organized” versus “disorganized.” Some folks can recite their monthly expenses, savings and pension plans by heart, while others have no idea what they spend weekly on groceries. While these two categories of people may approach their finances from dramatically different angles,… Read more
You’re about to read an article about how to choose stocks to buy. If you’d rather not choose your own stocks, but still think you should have them in your portfolio, consider using an “institutional money manager.” Learn how the big players have their portfolios managed in the video called,… 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
Two common investing strategies are growth investing and value investing. While both have the same objective of increasing principal, they each have different ways of achieving that goal.
Growth investing
Growth portfolios invest in corporations whose profits are expected to grow rapidly. This generally includes such companies as pharmaceuticals,… Read more
Being both a financial planner and the owner of a company has given me the unique opportunity of seeing how running a household can be very similar to running a small business.
Both require rational decision-making, planning, and strategy in order to be successful. Just as a business owner needs to know what his resources are and if his targets can be met realistically,… Read more
