As a CFP® professional who helps people handle their U.S. brokerage accounts from Israel, I’ve noticed four recurring mistakes people tend to make:
Over-diversifying
Diversification is an excellent financial strategy because it means that you are not relying on a single income stream. However, too much diversification can make it difficult to keep track of all of the different investments…. Read more
While the concept of “effort is more important than the results” may be an important lesson for young children struggling in school or sports to learn, there are times when the final product is important, regardless of how much effort you put in. One of those times is saving for retirement…. Read more
Saving for retirement is all about priorities. Budgeting is a way to redirect your priorities. In fact, retirement planning isn’t as much of a decision “to spend or not to spend” as it is a matter of deciding when to spend. If you spend your money now, you won’t be able to save it,… Read more
