Goldstein on Gelt

Anti-money-laundering rules have become stricter since 9/11, in order to stop terrorism at the financial level. How does AML (anti-money-laundering) legislation affect international investors? David Kuenzi, a certified financial planner with Thun Financial, explains why AML legislation has made opening an American brokerage account from overseas difficult. David clarifies how the Patriot Act has changed the way financial institutions do business with American citizens residing in foreign countries. While it is not illegal for an expatriate to have a financial account in the U.S., a financial institution's perspective is much more complicated than the legality of the account. David and Doug advise how to find a cross-border advisor who can address your needs.

Doug has a checklist for American expatriates living in a foreign country. If you're moving to a foreign country, learn how to keep your U.S. Ira and brokerage accounts open after you move. Download this free resource here. Download Free Resource: U.S. IRA and Brokerage Accounts Open After You Move to Israel Checklist David made his first appearance on The Goldstein on Gelt Show in late 2017 on an episode titled How Cross-Border Investors Can Manage Their Money Better. To contact David, visit his company's website. 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.

How can couples have better financial communication? Doug defines six ways spouses can keep the lines of communication open. Whether it is discussing money in a certain way or scheduling a meeting with your spouse, Doug's free resource How to Talk to Your Spouse When You're Careful with Money and He's a Spender will keep all of your financial conversations on track. Download free resource: How to Talk to Your Spouse When You're Careful with Money and He's a Spender

CPA Yosefa Huber discusses the importance of making sure your U.S. tax information is accurate. If you are not completely confident in your U.S. tax returns, make sure to see a qualified tax professional. To learn more about Yosefa Huber and how she helps Americans in Israel with their American tax obligations, go to www.hubertaxcpa.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.

Why are many millennials broke? Is there negative cash flow due to circumstances beyond their control or poor money management? Erin Lowry ,author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together, is an American expatriate with an unusual financial perspective. Erin's international experience made her view the millennial generation through a different lens. Are you guilty of the observations she makes of the broke millennials generation? Learn how millennials can make better financial decisions early on in their career to avoid this financial epidemic.

The Goldstein on Gelt Show listener, Saul, wrote to Doug asking for advice on his personal financial situation. Saul wants to know how you can invest your money and still be able to access it easily. After all, it's your money and you should be able to use it when you want. Doug offers practical advice for investors about liquidity. Learn more about Erin Lowry on her a website Broke Millennial, or follow her on Twitter and Instagram. 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.

Professional stock researchers can serve as stock pickers for investors who don't know where to start. Is it better to pick your own stocks or to use a professional stock picker? Tao Wang, a portfolio manager for Alpha Architect, explains how to begin researching stocks. He outlines the differences between value, growth, and momentum stocks. He also emphasizes the importance of having multiple qualifiers when choosing a stock. If you are lost on how to start to build your portfolio, listen to today's episode.

Doug has put together a process called The Secrets of Talking to Your Spouse About Money for couples who need to get on the same page regarding their finances. These steps are down-to-earth suggestions that will make financial discussions a little easier. Free Download: The Secrets of Talking to Your Spouse About Money Tao Wang can be contacted through Alpha Architect. 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.

Conventional wisdom says that if you want to be in good financial standing, you need to be debt free. However, is all debt bad? If you take into consideration tax breaks and liquidity, can debt be considered financially sound? Tom Anderson, CEO of Supernova Companies and author of The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth, shares his financial philosophy which revolves around balance. Tom argues that debt may have long-term financial gain because debt gives someone liquidity and flexibility. He also breaks down debt into three groups and warns about oppressive debt. Should you pay your mortgage off? Listen to what Tom has to say.

Losing a spouse is life-altering. But does it need to change your financial status? Death opens up unforeseen heartaches, and Doug has created a comprehensive financial guideline for widows and widowers called Answers to Tough Financial Questions for Widows & Widowers. Free resource: Answers to Tough Financial Questions for Widows & Widowers Learn more about Tom Anderson by reading his book The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth or follow him on Twitter. 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.

Want to increase the potential profit on your investment portfolio?

What would happen if you could use disproportionate strength to increase your portfolio's profits? Then you would be using a strategy called "leverage" or "margin."

In today's show, Doug, and his son Efraim, talk about the pros and cons of investing using a leveraged strategy. When an investor decides to invest on margin, he is actually borrowing money from his broker in order to have a larger sum of money to invest. That way, if the stock goes up, he makes a larger percentage, and ultimately walks away with a larger sum of money.

If all goes well, an investor can make a lot of money. But, if the market goes down, one can find himself losing more money faster...

Listen to understand why a "long-term investor" needs to understand what a "margin call" is and why this may not be the best strategy for long-term investments. Don't wake up one day to find out that your brokerage firm sold out your portfolio.

Efraim is a business student, former IDF officer, and an entrepreneur, head of "A Day with an Officer." Contact him at: [email protected]

People hate talking about debt, disability, death, and divorce. And that's exactly why we need to have a discussion about these four topics.

In today's show, Doug and his son, Efraim, discuss these difficult subjects.

Debt

When people acquire a large debt, and then suddenly get a large sum of money (inheritance or a raise), should they invest the money or pay off their debt? Listen to learn why paying off all your "bad" debt may be a better move than investing in the stock market..

Disability

Is disability insurance necessary in today's post-corona work environment when many folks work remotely from their house? Young people especially need to understand that if they get hurt, not only do they stop providing income to their household, but they are also an ongoing expense.

Divorce

Divorce not only affects the couple's relationship, but its ripple effects are felt in many areas, including finance. Since divorce isn't something you wish or plan for, it's not something you want to have a part of a financial "plan". Stick through the second half of the show to hear what Doug has to say about it.

Death

While debt, disability, and divorce may be avoidable, death isn't. Listen to hear Doug's advice about when you don't need life insurance and what to do after someone dies. Click here to order Doug's book on what to do if you receive an inheritance so you your family will have a smooth time dealing with the finances in a tough emotional state.

Want to hear more on this topic? Click here to listen to the show with Jhon Ross "Does Your Financial Plan Account for the Four D's?"

Efraim is a business student, former IDF officer, and an entrepreneur, head of "A Day with an Officer." Contact him at: [email protected]

Investing is more than just throwing money in the stock market. If everyone's goal was to grow their portfolio, then shouldn't everyone do the same thing?

In this week's show, Doug and his son Efraim, go through the 6-step checklist that every investor needs to use. Listen to understand why it's so important to have a goals that match your values and beliefs before you put money in the market.

The 6-Step Checklist to Investing

√ Set goals for you and your family √ Get the facts about all your holdings and where you are saving money and paying money √ Identify upcoming potential financial opportunities and challenges, in order to prepare accordingly √ Create an actual investment plan that is suitable to your tolerance risk level √ Action! Implement your financial plan √ Review and follow up on a regular basis. Some numbers need to be looked at monthly, quarterly, and annually

Need help putting together your financial plan? Don't hesitate to contact us at profile-financial.com

Efraim is a business student, former IDF officer, and an entrepreneur, head of "A Day with an Officer." Contact him at: [email protected]

There's lots of talk about how alternative energy sources are good for the environment, but how does green energy affect the financial markets?

Listen to Doug's discussion with Arie Addi, the tech lead at Mada Analytics, an Israeli startup, supporting alternative energy solutions using a Machine Learning approach.

Discover how green energy and fossil fuels have a growing influence on financial markets.

If you want to invest in renewable energy, what is the best way? Should you invest in ETFs or individual stocks? Tune in to hear the pros and cons of each. How diversified are individual funds, and what does it mean when a fund is "weighted?"

To learn more about Mada Analytics, visit www.madaanalytics.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.

Nearly everyone has heard of stocks and bonds, but sometimes investors feel that they could profit more from alternative investments.

This week Doug chats with Stefan von Imhof, co-founder of Alts.co, about alternative investments.

Stefan believes that alternative investments are a powerful way to grow your money, compared to other investment classes. Learn about active quick flips, passive buy & holds, and cashflow-producing assets.

Listen to the show to learn about investments that are on the opposite end of the spectrum… the more conservative, but not boring, Certificates of Deposit (CDs).

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.