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There is more than one way to skin a cat, and there are multiple investment strategies you can apply to your savings. But how do you know which strategy can produce the best results for you? Today's guest, Yariv Haim, founder and CEO of Sparrows Capital, delves into two of his favorite investing strategies: evidence-based investing and contrarian investing. Yariv defines these strategies and explains why they are effective. Should you let the facts speak for themselves, or should you rely on your own intuition? How important is your mindset when looking for a good personal investment strategy?
Is it time to have a financial discussion with your parents?One of the toughest financial issues people have is deciding when it's time to relinquish their financial independence and ask for help with their finances. Download a seven-step checklist for adults who feel that their parents might need some help with managing their money. The list is called 7 Steps to Helping Your Parents Manage Their Money. If you need some guidance on having this important conversation, then Doug's checklist should help. Free Download: 7 Steps to Helping Your Parents Manage Their Money You can follow Yariv Haim on LinkedIn or visit his website, Sparrows Capital. 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.[podcast src="https://html5-player.libsyn.com/embed/episode/id/6040449/height/48/width/490/theme/standard/autonext/no/thumbnail/yes/autoplay/no/preload/no/no_addthis/no/direction/forward/" height="48" width="490" placement="bottom" theme="standard"
If you are one of the millions of people who live outside of America and have an American brokerage account, you are a cross-border investor. Despite the scale of cross-border investing, many Americans living abroad find their American brokerage firms asking them to close their investment accounts because they have a foreign address. Fortunately, there are financial institutions dedicated to help cross-border investors. David Kuenzi is the founder of Thun Financial Advisors, an American brokerage firm specializing in cross-border investing. As a Certified Financial Planner David understands the need expats have for cross-border investment advice. David explains why the FBAR is so important for international tax compliance, and suggests looking at your investments as more than just a currency value. Listen for insights as to what cross-border investors should do with their money.
Chess can make you a better investorDuring Doug's time writing Rich as King with Grandmaster Susan Polgar, he noticed some "grandmaster" moves that dovetailed with smart financial planning. Doug has created a one-page resource called Use These 3 Secrets from Chess to Become a Grandmaster of Your Money, download it for free. To learn more about how to use chess strategies to improve your portfolio's performance, read Rich as a King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. Free Download: Use These 3 Secrets from Chess to Become a Grandmaster of Your Money To learn more about David Kuenzi, CFP®, visit the Thun Financial Advisors' 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 much is your money really worth? Currency devaluation means that as the value of a currency decreases, the buying power of money decreases too. So, how do you protect your investments from devaluation, inflation and other economic crises? Ari Pine is a financial trader who has a deep interest in macroeconomics. We discuss the possibility of a global inflation and how governments get themselves in and out of difficult financial situations. Ari explains the difference between a financial bubble and inflation. He eases listeners' fears about currency devaluation and offers an investment strategy called a "permanent portfolio" as a possible solution. The concept of a permanent portfolio was developed by Harry Browne. To learn more about it, read Harry Browne's book Fail-Safe Investing: Lifelong Financial Security in 30 Minutes, and discuss with your financial advisor whether his recommendations may be appropriate for you.
Should you invest in bonds?Many investors who want steady income choose to invest in the bond market. Is buying a bond or a bond-fund right for you? Here's a list of questions you should ask if you are considering investing in bonds. Learn about the types of bonds, the quality of bonds, and the length of bonds an investor should consider. Before you make a bond purchase, download this free resource. Also, watch a short clip called Strategies Overseas Retirees Need to Handle a Multi-Currency Lifestyle for international investors. Free Download: 7 Questions to Ask Before You Invest in Bonds To learn more about Ari Pine visit his website www.pinert.com 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.
Does your family's primary financial caregiver hold their cards close to their chest?
Maybe the following story sounds familiar about a parent keeping your family financials a secret:
Dan has always handled the family's money. He organized the budgets, took care of the investments, and maybe even set up investment portfolios for the now-adult children. While he had a lot of work to do, he understood it all, and wanted to save everyone else in the family the burden of financial organization.
Here's the other side of the storyDad's getting older and even though he still holds the financial reins he won't discuss his decisions with anyone in the family. Even his wife doesn't know all the financial details. Worse, he won't give the adult children the necessary information so they can report their taxes on investments.
What should this family's accountant and investment professional do to help?Tune in to today's show with special guest, U.S. accountant Yosefa Huber to discuss the mistakes when family finances aren't a shared family process.
To learn more about Yosef Huber visit her website, or follow her on Twitter @yosefaCPA.
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.
Make sure your financial plan accounts for what you don't want to happen A good financial plan takes into account the 4 Ds (death, disability, divorce, debt) and plans around them. Doug and John Ross, estate planner and elder law attorney, stress the importance of planning for the unexpected. John is a co-host of the weekly podcast Big Picture Retirement. He shares some insights on what many people fail to do when preparing for retirement and old age. Chief among these failures is not choosing a power of attorney (POA). John explains what the most important aspects of retirement planning are, and he lays the groundwork for planning for retirement.
How to get control of your money (when you have money)Doug presents a checklist called How You Can Get Control of Your Money (When You Have Money). He covers the common stumbling blocks people face when managing their money. If you can't seem to get a grip on your finances, then this download is a must-read. Free Download: How You Can Get Control of Your Money (When You Have Money). Learn more about John Ross at Aging Insight and the Big Picture Retirement podcast. 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 guess who normally initiates a financial planning meeting – men or women? Doug and Brittney Castro, founder and CEO of Financially Wise Women, discuss differences in how men and women approach financial planning and investing.
What do these two CFPs ® (Certified Financial Planners) notice about the gender differences in investing? Brittney delves into the common problems women face when making financial decisions.
She shares how women can overcome these issues and create a more secure future… and do it with confidence! Brittney emphasizes the importance of a financial planner, and advises the steps someone should take after making the initial call in order to best prepare for their meeting.
11 Steps to Take When You Receive an InheritanceDoug offers a list of tips for people who have recently received an inheritance. These tips will help investors get their bearing after receiving a sudden windfall. If you have recently come into some an inheritance or other lump sum, make sure to download the list.
Free Download: 11 Steps to Take When You Receive an Inheritance To learn more about Brittney Castro, visit her website www.financiallywisewomen.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.
Do your financial values guide your investment decisions? Financial values are the things that are important to you: the goals you have for your money. Before any investment or purchase, ask yourself, "What do I value?" Certified financial planner Michael F. Kay explains how a person's background affects their financial choices. He asserts that our parents are our first models of fiscal behavior. We can rise above the nature vs. nurture debate, and not blindly follow the path of a fiscally poor role model. You can break the cycle and create good habits moving forward. Learn how to identify your financial values and use them as guidelines. The author of The Feel Rich Project assures listeners that you don't have to "go cold turkey" to make a positive change in your financial life.
Financial independence is not just finding investments with high cash flowDoug explains that finding investments with high cash flow is not the only way to feel financially secure. There are other ways to get a positive cash flow. Download a list of other ways you can increase your income here. Free Download: Financial Independence is Not Just Finding Investments with High Cash Flow To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. To learn more about Michael F. Kay, read The Feel Rich Project: Reinventing Your Understanding of True Wealth to Find True Happiness, or visit his websites www.michaelfkay.com and www.financial-lifefocus.com. You can also find Michael on Twitter @MichaelFKay or @FinLifeFocus. 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 you design an investment portfolio to account for uncertainty? Every leadership change creates insecurity. Investors pull out and buy into markets simply because of election results. How should the political climate affect the way you design your investment portfolio? David Rosenberg, the chief economist, and strategist at Gluskin Sheff and Associates explores why people believe political changes affect the economy and answers the burning question: When does politics actually change the market? Listen for his advice about how to weather the current market. Don't undermine the importance of the bond market to the economy's health, and remember to establish the economic fundamentals of any company.
Need a roadmap for retirement?Doug shares a listener letter from "Rich" who is approaching retirement and wants to know the smartest way to manage his nest egg. Doug put together a resource sheet called "How to Set Up Your Portfolio When You Retire" in response to Rich's questions. Doug has six bits of advice to make financial matters a little easier to navigate during retirement. Download the list here. Free Download: How to Set Up Your Portfolio When You Retire Learn more about David Rosenberg at his corporate site Gluskin Sheff and Associates, Inc., or read his daily column, Breakfast with Dave. 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.
People first, then money, then things. Suze Orman, one of America's most recognized personal finance experts, and I discuss why men and women have different financial priorities. Why is that men and women tend to handle money differently? Is it true that women are better at investing than men? Learn why fear, shame, and anger are the internal obstacles to wealth, and why your self-worth and your net-worth are connected. Can money make you feel more secure? Do you agree with Suze when she says, "If you feel less than, you'll spend more than."
What can your brokerage firm do for you?Doug discusses the various services a brokerage firm offers its clients. He explains that invested money isn't the same as a bank account and that not all brokerage firms offer the same services. Tune in to find out how to make the most out of your relationship with your brokerage firm. To learn more about opening a U.S. brokerage account, click here to get a free toolkit for overseas investors. For more information about Suze Orman and her various projects visit www.suzeorman.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.
Can having a bad or good day affect your investment choices? Before you decide to buy or sell that next stock ask yourself why you are doing it. Dr. Kate Levinson, author of Emotional Currency: A Woman's Guide to Building a Healthy Relationship with Money and a licensed family therapist, shares the role that emotions play in financial decision making. She and Doug explore the question of why many women avoid financial responsibilities in their day-to-day life. She tries to empower women to take an interest in their financial situations. Everyone is vulnerable, and it's important to recognize that even the wisest decisions might not turn out how we want. Learn how to build a positive relationship with your money!
Is "loss aversion" costing you more than you think?Doug reviews his interview with Nobel Prize winner Daniel Kahneman about loss aversion and offers tips on how to fight against it. To listen to Doug's original interview with Daniel Kahneman, click here. If you are interested in learning how Doug avoids loss aversion in his personal portfolio, watch How Do You Manage Your Own Money? To follow Dr. Kate Levinson visit her website or read her book, Emotional Currency: A Woman's Guide to Building a Healthy Relationship with Money. Dr. Levinson is also on Facebook and 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.
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