Goldstein on Gelt

Doug discusses his recent meeting with someone who received an inheritance. Not only did the guy receive significant funds, but the inheritance included financial disorganization.

The father's investments were scattered in different companies, private equities, and over 20 physical stock certificates. His investment portfolio was not only big, but a big mess!

Both generations' disorganization caused the inheritor to lose huge sums of money.

Listen to find out the 5 things you must do to keep track of your investments.

If you're afraid your own disorganization may be causing you to lose money, click here for an excellent article you can read on the topic.

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.

Listen to this important episode where I discuss the best way for busy investors (like you) to track the markets.

• Focus on five critical points that need your attention:
• Focus on interest rates and inflation
• Review market trends
• Examine your specific investments
• Turn to your advisors
• Review your overall plan

Look at how great investors are managing their money in good and bad market by tuning into this episode. These can be the most important few minutes of your day.

For more information, visit the show notes at https://goldsteinongelt.com/investing-basics-strategies/the-best-way-for-busy-investors-to-track-the-markets

Major American brokerage firms are closing accounts of clients who don't have U.S. addresses. They are also closing accounts of clients who use American addresses but don't live stateside.

If you're like many of the people who've recently called my office, you're probably curious how the firm knew there's a discrepancy on the account address and where you actually lives? Your IP address (the computer address where you login to access your accounts) may be giving you away. Before bending over backwards to "outsmart" the system, realize that your American brokerage firm wishing you farewell may be a good thing.

What could be good about being forced out?

Listen to the show to

• discover one potential tax problem you could avoid by not using a relative/friend's American address
• learn the advantages of using a cross-border friendly firm to manage your American investments

For more information, visit the show notes at http://goldsteinongelt.com/use-your-real-address-for-your-u-s-investment-account-when-you-live-overseas

If there was a market crash what would happen with your investments? Doug discusses the emotional turmoil and the possibility of real monetary loss in the event of a market crash. Some investors just can't take the uncertainty of the stock market. But since market crashes are a likelihood that must be taken into, if you can't tolerate risk, consider more conservative investments. For those who can't imagine weathering a market crash, Doug suggests some safer options for investing your money.

Josh Luber, co-founder of StockX.com, shares how a stock market based model can be used to sell any luxury item... including sneakers. StockX is the place to find the latest brand name sneakers. He explains the 3 principles of how StockX works and how anyone can use his site to sell a commodity. To check out StockX, visit stockx.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.

Note, mentioning a product or company is not necessarily an endorsement of the product.

Do your spending habits and investments align with your values? In other words, what do want your money to do for you? Do your habits, practices, and investments reflect that?

Sarah Li-Cain, a financial storyteller for High Fiving Dollars explains the importance of knowing what you value as an investor. Sarah and Doug discuss how to identify your values and how to be mindful about what you do with your money. If your spending habits and investments don't help you meet your goals, then a realignment is in order.

If you find yourself at the receiving of an inheritance, what should you do next? If you inherit money from America, there are different consideration than receiving an Israeli inheritance. An inheritor of American investments (especially a beneficiary of an IRA) need to know what to do next. Doug has some questions to ask your cross-border financial advisor to avoid unnecessary taxes and overall general headaches. To learn more about Sarah Li-Cain visit www.highfivingdollars.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

Emotions are important part of being human, but leave them out of your financial decisions! Behavioral finance expert, and The New York Times best-selling author Dr. Daniel Crosby explains four issues that can derail your financial decisions. Instead of making decisions based on feelings and instinct, learn how to implement a more reliable system. Should you turn your behavior on its head and integrate the good, bad and ugly of emotional bias in your decision making? Do investors fail because the market is bad or because of their own errors? Consider benchmarking your financial successes, not to the market, but to the things in life that are meaningful to you. Learn how to develop a system that works for you and use it to automate your investment choices.

Doug compares value stocks to growth stocks. After explaining how each type of stock works, Doug suggests that a well-rounded portfolio include both value and growth investments. Listen to learn why, and to find out if you are a value or a growth investor. To learn more about these stock differences check out www.profile-finanical.com/stocks. Dr. Daniel Crosby's book The Laws of Wealth: Psychology and the Secret to Investing Success is available through Amazon. You also follow him on social media @danielcrosby. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. 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.

What happens when your financial planning backfires or doesn't account for the worst-case scenario? Harold Evensky is a Certified Financial Planner ® who has some evergreen advice for investors. Harold meets with many investors who share the trait of being overconfident in their financial decisions. He explains how a financial planner, like himself, can help them see the big picture. Today's guest is Harold Evensky, a Certified Financial Planner ®. He explains how he helps clients prepare for the unplanned for circumstances. He uses a technique called "framing" to help investors look at the big picture and really understand what risk means. Often an investor's overconfidence will cause them to ignore some very real possibilities. Be warned: certainty and safety are the not the same thing in financial planning!

Do you work in an unstable work environment? An unstable work environment could be a startup or high-tech company or someone who works on commissions. Doug has tips for someone who may not have a steady source of income. While saving all you can is great advice, it may be worthwhile to create alternate sources of income like Real Estate Investment Trusts (REITs.) Download a list of tips on How to Manage Your Investments When Your Main Income Source Could Collapse at Any Moment. Free Download: How to Manage Your Investments When Your Main Income Source Could Collapse at Any Moment Learn more about Harold Evensky at www.evensky.com, or read his book, Hello Harold: A Veteran Financial Advisor Shares Stories to Help Make You Be a Better Investor. He's offering free copies to the first 20 Goldstein on Gelt listeners who contact us through the Goldstein on Gelt website. Please include your name and address with your message. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. 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.

Good communication skills can not only bring a couple closer together, but can also improve their finances!

A conversation is a two-way street. It is OK if you don't see eye to eye with your spouse. Talk, explain your position to your spouse. And then stop… and listen to what your spouse says.

There are two things which can directly impact your family's financial success:

1. Good communication skills

2. A working budget

Listen to this podcast for more specific tips in how good communication skills can improve your finances.

Send me a selfie of you and your spouse listening together!

Even though now isn't the first time the stock market has fallen by more than 20%, this newest wave of volatility has panicked many investors.

There are two common reactions investors have when the market falls: liquidating portfolios (to prevent further losses) or buying more (to maximize potential gains).

Can you guess which type of call I've received more in recent weeks?

While historically stocks have provided greater returns than bonds, there are three times you probably shouldn't buy stocks:

1. You can't make ends meet
2. You have no emergency fund
3. You need the money in the short-term

The most important thing in weathering the volatility of the stock market is knowing your risk tolerance and building a well-diversified portfolio (even if it includes low-yield investments) that reflects your risk tolerance and financial goals.

If you need help deciding whether you should sell out your portfolio, hold on, or buy additional stock shares, be in touch. Call 02-624-2788 or email [email protected] Together we can try to avoid a financial disaster.

Bond funds are dropping, and at the other end of the financial seesaw, interest rates are rising. Listen to this podcast to understand the relationship between interest rates and bonds (and bond funds).

Basically, a bond is a loan you make to a company/government: You lend money and they promise to pay it back to you plus an agreed upon interest rate. However, after buying the bond, life, the economy, and interest rates might change, and these changes often change the value of your bond holdings.

There's an inverse correlation between bond prices and interest rates. This is because as interest rates increase, the interest you were receiving on an older bond is no longer as attractive as it once was, so if you want to sell the bond/bond fund, you'll have to accept a lower price in order to find a buyer.

When buying bonds, don't forget to look at two things: both the price and the total return. Sometimes, even if the bond prices go down, the investment may be a good one for you if you collect enough interest while you hold the position.

As mentioned in the podcast, here's a link to the article about the differences between bonds and bond funds.

Oh, and my wife really liked the jokes in the beginning of the episode. Let me know if they made you smile.