Goldstein on Gelt

If you open an account with Profile Investment Services, Ltd. how does it work and who holds your money?

It takes a team to manage your investments, and getting to know the different players and the positions they play is important. Listen to this podcast to learn exactly who does what, and how your investment account works.

For Profile clients, no matter what their concern, my wonderful team and I are the first point of contact for any investment related concern. Learn how we work with Portfolio Resources Group, Pershing, Envestnet, Corestone checking, Visa cards, SIPC and FINRA in order to give you the most appropriate investments, top-notch money managers, quick access to your funds, transparency and regulatory oversight, and most important of all, trustworthy and personal attention.

Do you look at the news and think that the world is in crisis? How should you invest when things are looking tough around you?

First, it is essential to break down your goals into short-, medium- and long-term investments. It is important to understand that short term investments should be held in a less risky portfolio, and the longer-term goals can be exposed to a riskier portfolio.

A way to use a crisis to your advantage may be by trying to figure out what are the "bigger" costs to the crisis. For example, in the Russia-Ukraine war, perhaps investing in companies that build the airplanes or supply ammunition, or even looking further and investing in companies (or ETFs) that might be involved in building material for the countries that will need to re-build. A creative investor needs to keep their eyes open and look for clever ways to invest.

During times of crisis, investors should keep in mind the size and power of who and what is in crisis. For instance, Russia is a huge country with lots of smart and hard-working citizens. Even if the economy is currently not booming, Russia probably is not disappearing any time soon.

People shouldn't forget that the world keeps on moving forwards, and as history has shown, one day the world will move on from this war and focus on something else.

Efraim is a first-year business student, former IDF officer, and an entrepreneur, running the "Day with an Officer" business. Contact him at: [email protected]

When should you let go of financial responsibility?

When is it time to delegate some of financial responsibility to your spouse, children, or someone else close?

The specific financial responsibilities to be delegated depend on your specific situation. Often they include, giving someone power of attorney, check writing ability, and/or trading authority. Letting go of financial responsibility is a process.

The free resource When is the Best Time to Let Go of Financial Responsibility was made for every investor who's thinking about letting go of some financial responsibility.

Legal advisors, tax advisors, and financial advisors have complexly different roles when it comes to your finances. Start asking the right financial questions:

• What should you do with your will?
• What should you have in your will?
• Should you have a will for your assets in Israel and a different will for your assets in the United States?
• Do you need to have a trust?
• What are the tax implications on having a trust?

Each of these questions need to be answered by specific professionals.

Download the free resource: When is the Best Time to Let Go of Financial Responsibility?

What are the steps you need to take before retirement? What are the critical things you must do before you clean out your desk at work?

Hopefully you've accumulated a significant amount of savings to supplement your pensions before you retired.

But how that money is invested may be even more important than the fact you have savings.

An investor should consider their portfolio's asset allocation and its tax efficiencies before retiring. What kind of situation is your portfolio in? Are your investments growing in taxable accounts or are they in tax-deferred accounts?

Should an investor be aggressive in their portfolio or conservative after retiring?

The resource Steps You Need to Take 5 Years before Retirement was made for every investor on the road to retirement.

Download the free resource: Steps You Need to Take 5 Years before Retirement

Retirees that stay engaged and productive are happier in all aspects of their life.

What will you do after you retire?

Make sure that you're not only" retiring from" work, but you "retire to" do something that makes you fulfilled.

Understanding exactly how you'll spend your time is the first step to understanding your retired financial position. Consider what a purposeful retirement looks like for you.

If a bond is actually a loan, how and why do people invest in them?

In this week's show, Doug and Efraim talk about how bonds are affected by inflation and interest rates. What are the differences between high and low interest rates, and what causes them to change?

Doug explains why when the government is concerned about the economy, the Fed lowers the interest rates which affects the banks and allows them to lend more money to companies and individuals… who will hopefully spend that money and strengthen the economy. While the theory sounds good, in reality, this is exactly what increases inflation.

Keep listening to learn about what the dangers of inflation are, and what governments can actually do to negate inflation.

Inflation eats away at a bond's value, because the initial dollars you put are worth less than when the bond matures in an environment.

Some folks feel that by buying TIPs (Treasury Inflation Protected bonds) they are protected from inflation. Listen to find out if this is true or just a myth.

Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the "Day with an Officer" business. Contact him at: [email protected]

For nearly two years investors faced the chaos of Coronavirus. Today, we're facing the chaos caused by the Russian invasion of Ukraine.

We can't predict how either of these two events will end, but we do know that sometime in the future there will be more chaos wreaking havoc on the market.

What should an investor do when the markets tumble?

There have always been wars, plagues, and major upheavals, and yet some people have made money while investing in turbulent times. Join Doug to understand the techniques of some of the best investors who have made money by viewing their portfolio over the long-term. Should you be panicking now or looking for opportunities? If you need help with your own portfolio, and want to know how to invest in a crisis, make sure you speak to your financial advisor or get in touch with Doug and start a conversation.

What is the first thing you should do after you inherit your parents' stock portfolio?

Start with a financial planning outlook.

Take a moment to think about your own needs, and determine if the inherited stocks meet those needs.

If not, then decide how to sell them and what to invest in instead.

The important thing is that even though at one time the assets were your parents' stock, you don't need to keep the assets invested in the same stocks that they did. Instead, you should create a portfolio based on your current situation, including your own tax obligations.

Download the free resource "How to Make the Most Out of Your Parents' Stocks" is an step-by-step guide for all investors looking for answers about inheritances.

Download free resource: How to Make the Most Out of Your Parents' Stocks

How are inheritances taxed? Are inheritances taxed differently in the United States than other countries? If you recently received a U.S. portfolio, there are certain U.S. tax laws that could impact your inheritance. While I am a financial advisor and not a tax expert, there are certain tax ramifications to owning/inheriting stocks that you need to know about.

For more information about inheritances, check out The Inheritance Book. The Inheritance Book was written for investors living in Israel receiving an inheritance from the United States.

What do you need to do to have a financially successful retirement?

Even if you're lucky enough to receive a work and/or government retirement pension, chances are it won't cover all your expenses. That is why folks increasingly depending on their investment portfolio to sustain their retirement.

Have you set up your investment portfolio for success?

The free resource "Do These 4 Things to Have a Financially Successful Retirement" is a must-read for anyone who wants a financially successful retirement. Read the list and begin to create the retirement you want.

Download free resource: Do These 4 Things to Have a Financially Successful Retirement

Have unanswered financial questions? Contact The Goldstein on Gelt Show to either have a financial question answered on the show or a question answered personally by Doug.

If you're interested in more information on retiring, sign up now to receive updates on new episodes and receive Doug's free ebook The Retirement Planning Book.

Everyone wants a successful investment portfolio – but the definition of a successful investment portfolio is different for everyone.

What would need to happen in order for YOU to consider yourself successful at investing?

Do you need to redefine your definition of success or redesign your portfolio?

Download the free resource "Three Tips for a Successful Portfolio" which gives three simple tips to help optimize your portfolio to help it meet your investment goals.

Remember, a successful investment portfolio isn't only measured by the total on your monthly statement. A truly successful portfolio enables you to live the lifestyle you want, be it steady dependable income, disposable income, or peace of mind.

Download free resource: Three Tips for a Successful Portfolio

Have you started planning for your retirement? What would your ideal retirement look like? if you need some motivation to begin your retirement planning.

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.

When should you speak with a financial advisor?

While you should always speak with a financial advisor if you have unanswered questions about your investments, that is not the only time you should consult with a financial professional.

To find out when you need to get professional financial advice, listen to this podcast, and then download the free resource 4 Times You Should Speak with a Financial Advisor.

How can you find a financial advisor that is the right fit for you?

Ideally, a financial advisor should understand your specific investment needs, like what type of investor are you? How is your portfolio set up?

Financial advisors may not be able to predict market movements, but they can educate clients on the potential of their investments.

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.

Download free resource: 4 Times You Should Speak with a Financial Advisor