Goldstein on Gelt

Can a conservative investor find predictable investments? An investor who wants to limit risk has two options for predictable investments: CDs (certificates of deposit) and bonds. Doug explains what bonds are and the pros and cons of owning bonds. Although bonds are frequently considered one of the safer types of investments, there is a catch… the institution could call the bond back. Doug clarifies what that means, and asks if that's a risk you want to take. To learn more about bonds, watch the Bond Ladder mini course available on Doug's corporate site, Profile-Financial.com.

How to avoid the biggest mistake new retirees make

Ken Heise, president of the Heise Advisory Group in St. Louis, MO and co-host of the podcast Your Retirement Highway joins the show to discuss retirement. Ken realizes one major mistake that new retirees make...poor budget planning, and shares how to create a realistic budget for retirement. Get your budget and finances ready for your post-working years. Check out Ken's radio show at yourretirementhighway.com. You can also find him at heiseadvisorygroup.com.

"Ken Heise offers investment advisory services through AE Wealth Management (AEWM). AEWM and Heise Advisory are not affiliated companies. Investing involves risk, including the loss of principal. Heise Advisory is an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions."

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.

Believe it or not, common investing mistakes that can come back to haunt even the most conservative investor.

Doug shares the story of a couple who were financially secure in their investments, but still made 3 very common mistakes. Listen to hear these mistakes and how Doug suggests to avoid them. Most importantly, he stresses the need for a licensed financial advisor who works with people who have similar needs to your own.

Get out of the paycheck-to-paycheck cycle!

The Financial Rock Star and author of 99 Minute Millionaire, Scott Alan Turner, discusses the financial mistakes he made in the beginning of his career. He and Doug explore the topic of why financing with a credit card is a bad idea. They also suggest how to change your spending habits, and why you should consider early retirement.

Scott mentions some smart lessons from other financial advisors he put to good use. If you are struggling with living paycheck to paycheck, tune in for some sound advice!

To learn more about Scott Alan Turner visit his website at scottalanturner.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.

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.

In an unexpected twist, corona and the economic turndown may turn out to be a good thing for your pocketbook.

Even though you may be required to take distributions from your IRA account, as part of the U.S. economic stimulus package, Uncle Sam is allowing people to skip their 2020 required minimum distributions (RMDs).

This means that you may not have to sell your stocks at historic lows in order to raise cash to withdraw and pay taxes. Listen to this podcast for an explanation.

Everybody wants to make more money in investing, but do you really need to? Investing is a personal choice that you should be able to customize to your own needs. Some people invest for growth while others just want to maintain their principal.

Financial journalist Miranda Marquit shares her own investment challenges. Miranda describes the life of a freelancer and how saving money can be difficult. She explains her money saving approach as well as why index investing fits her needs.

The 3 rules of thumb about investing

Doug explains why you need to keep an eye on your investments. He has 3 rules of thumb to remember about investing. Listen to the podcast to find out what they are. You should plan your investments around your life, not the other way around.

Follow Miranda Marquit's financial advice at plantingmoneyseeds.com, and listen to her co-host The Money Tree Investing Podcast with Doug.

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.

Traditionally people feel that the bond market is a safer place to put money than the stock market. But recent swings in the market have highlighted the risks of both the bond and stock markets.

Listen to this timely podcast I on what is happening with the bond market, and why bond prices might drop. Should you buy or sell bonds now?

And remember while maintaining bans on social distancing and quarantine guidelines, it is imperative for all of us to strengthen our social bonds however we can.

Please send an email with your feedback on the show and/or the markets: [email protected]

Tim Prosch, author of The Other Talk, discusses why he wrote his book. The Other Talk refers to the conversation every parent should have with their adult children about their end-of-life wishes. It's hard to have these conversations, and Tim's book is meant to be a catalyst to begin this important dialogue. You'll hear the negative consequences of what may happen if you avoid this talk, and get practical pointers on how to get the discussion rolling.

Invest for your children's future

Are you thinking about investing money for your kids so you can give them a milestone gift for graduation or a wedding? Planning a milestone gift can be difficult for parents. Doug offers a smart way to invest in order to have enough cash at life's milestones. Learn how to set up investments for your children, so they won't have access to the money before the intended time. Avoid the common mistakes parents make when they invest in their kids' futures. Doug covers some of those mistakes and has some useful strategies in planning gifts for the future.

Learn more about Tim's work at www.theothertalk.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.

Doug speaks about the corona virus, the global economy, market volatility, and your investment allocation.

Despite the ban on amusement parks, we are on a roller coaster ride. Buckle up, and tune in for this special update.

Full disclosure: I washed my hands before recording this episode.

Do you own stocks, and if you do, do you understand stocks? Some people don't even know they own stock! For instance, if you are a mutual fund owner, you might also own stocks. Since you may be a hidden stock owner, it's important to understand how stocks work. Doug explains what a stock is, how to pick the right stock for your portfolio, and how "price earnings ratio" affects stock prices. Jackson Grant Investment Advisors Chief Investment Officer, Julie Jason, joins the show to discuss how to ask the right questions before making an investment decision. After all, different people need different investments, so you should ask the questions that are appropriate for you. Learn why risk and goal setting are the cornerstones of investment decisions.

Don't get fooled by "fool's gold" dividends!

Doug explains dividends and why high dividends are often a trap. Learn how it's easy to be fooled by high dividends. How can you determine if a high dividend is worth the risk? To learn more about stocks visit www.profile-financial.com/videos. To learn more about Julie Jason's book go to juliejason.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. Also, Doug would like to know, why do you listen to Goldstein on Gelt? If you have an answer, he'd love to hear it!

The Retirement Answer Man Roger Whitney shares his insights on investment risk and how having the right retirement plan makes all the difference. Life is messy, and you can't always prepare for a crisis. Roger explains his "barbell strategy" of investing and offers a lot to think about while you build your portfolio.

What is the meaning of "risk" in the investment world?

Doug and Roger explore this question and the answer might surprise you! Risk is a key ingredient in investing, and Doug and Roger have sound advice on the subject. Also, listen for the three questions you should consider when looking for a money manager. To hear more about Roger's retirement tips, go to The Retirement Answer Man. 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.