Many Israelis come to Doug’s office and ask, “Am I ‘allowed’ to own a US brokerage or IRA (Individual Retirement Account?)” The answer to the question is yes. Doug discusses how a non-US citizen can own a U.S. financial account and why international investors may want to keep money in dollars. Doug explores the benefits of having a U.S. brokerage account. If you want to learn more about opening a U.S. brokerage account go to Doug’s corporate website profile-financial.com.

Morningstar’s rating system is just a guideline

Christine Benz, director and senior columnist of Personal Finance for Morningstar, explains their rating system for mutual funds. Morningstar researches mutual funds and rates them with stars to give investors a visual guideline of their performance. Christine advises why an investor shouldn’t only rely on Morningstar’s research, but should also do their own. She also breaks down the difference between index funds and exchange traded funds (ETFs). To learn more about mutual funds, read Christine’s book Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances. To check out what Morningstar offers investors visit morningstar.com. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.