Goldstein on Gelt

Did you get a "Dear John" letter from your U.S. brokerage account informing you that your account will be closed? A Goldstein on Gelt Show listener recently received a letter from their U.S. brokerage firm dropping them as a client. The listener wants to know if there is an easy way to open a U.S. brokerage account from Israel. And there is! There are U.S. brokerage firms that work with cross-border investors every day. Profile Investment Services, Ltd. is a Jerusalem based investing firm that works with cross-border investors. Doug has created a free resource with six steps an international investor should follow when opening a U.S. brokerage account. The free resource titled The Easy Way to Open a U.S. Brokerage Account When You Move to Israel will make international investors prepared for the transition. Download free resource: The Easy Way to Open a U.S. Brokerage Account When You Move to Israel What would you like to learn in a financial investment course? Doug is creating an online financial course. The course is still in its creation phase, and Doug is asking The Goldstein on Gelt Show listeners what financial questions they would like to have answered in the finished course. Send me an email with your input. 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 you and your spouse have a financially stable marriage? In honor of his 26th wedding anniversary (BatSheva - looking forwards to many more!!!), Doug created a free resource to help you make sure you and your spouse are mindful of how money affects your marriage. You can build a financially stable marriage in different ways: you can jointly review your financial statements regularly, stay away from debt, or go shopping together. Download a series of practical tips for a financially happy marriage: Handling Money for a Happy Marriage. Download free resource: Handling Money for a Happy Marriage What are 3 ways an investor can make money? Ron Zalben of Aboulafia Avital Shrensky & Company joins Doug for today's tax tip. Do you know the different tax ramifications on interest from bonds and dividends? Ron explains their differences in-depth. To reach out to Ron Zalben, contact [email protected]. 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 PFICs (Passive Foreign Investment Companies) deserve a bad rap? Why do Doug and his guests tell listeners "don't invest in PFICs." Today's guest, Stacy Collier, will explain exactly why an investor should avoid PFICs, otherwise known as offshore mutual funds. Stacy Collier, a U.S. based CPA, specializes in helping U.S. citizens manage their money from abroad. Stacy outlines the good, the bad, and the ugly about PFICs. She explains how the IRS. deals with PFICs and describes the red tape that owning a PFIC create. Before you invest in any investment, know the pros, cons, and risks.

Should we read your listener letter?

Doug answers a listener's question about portfolio structure. "Rich" asks if it's a good idea to change your asset allocation later in life. Doug offers insight into bonds and bond funds and explains how Rich's investments are affected by the difference. Learn more about Stacy Collier and PFICs by downloading this chart, or visiting her website SDC CPA Tax Services. 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.

Would you trust a computer to make your stock trades? Well, that's exactly what algorithmic trading does. Bert Mouler, founder and CIO of Profluent Capital, develops artificial intelligence that creates an algorithm for optimal trading. Bert explains what algorithmic trading is and how it differs from robo-advisors. He explains why algorithmic trading is efficient, and assures investors that the computer is simply a tool, not the advisor. Is this investment strategy right for you?

Get to know your financial advisor

When a U.S. citizen leaves the country, many American brokerage firms drop them as a client. Being asked to transfer your account out, can be disheartening, but it doesn't have to be. Doug helps expats in exactly this position, and many of his new clients believe that having an advisor in their new country is actually better than keeping their old advisor who may not be fluent in cross-border issues. Doug has put together a free resource on finding the right advisor in a new country called How to Choose the Right Financial Advisor. Download free resource: How to Choose the Right Financial Advisor You can follow Bert Mouler on his website, Profluent Capital, by email, Twitter, or on LinkedIn. 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 do people like to invest in gold? Investing in gold is like purchasing wealth insurance, but why? Rich Checkan, president of Asset Strategies International, and Doug explore the benefits of owning and investing in gold. Rich explains how gold always keeps its value, what he refers to as wealth insurance. He shares the best ways to store gold and how to sell gold when it is time. He warns listeners to only deal with reputable dealers and advises how to find one. Listen in to learn more about this precious commodity.

The wealthy and the non-wealthy have the same worries

Wealthy and non-wealthy people are bound to have some of the same financial concerns. Doug assures the audience that all people have financial worries. He compiled a list called Worries of the Wealthy for any investor. You just might find we're all the same. Free resource: Worries of the Wealthy Rich Checkan can be contacted through Asset Strategies International. 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.

There's more to financial advising than making a client money. How can a financial advisor make the markets more humane? Mihir Desai, professor of finance at Harvard and author of The Wisdom of Finance: Discovering Humanity in the World of Risk and Return wants to demystify financial markets and make them friendlier. He warns the audience that the financial system is broken, and proposes a fix: change how investors and financial advisors view the financial world. He also describes why many people avoid the financial sphere and suggests a less intimidating financial advising approach. The easy way to invest around the world America has some strict policies regarding overseas investments. But, having a global portfolio can be a smart financial strategy. Doug created a list of investment choices you can use to build a more diversified portfolio. Learn about these choices by a PDF, The Easy Way to Invest Around the World. Free Download: The Easy Way to Invest Around the World To dig a little deeper into this subject of international investing, watch a video about the multi-currency lifestyle as well as, Separately Managed Accounts. Lastly, if you want some more information about offshore mutual funds, then listen to a previous episode of the Goldstein on Gelt show called Should You Own Traditional Real Estate or REITs? To learn more about Mihir Desai read his book The Wisdom of Finance: Discovering Humanity in the World of Risk and Return or visit his website www.mihirdesai.org. 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.

American citizens abroad need to pay taxes both to their host country as well as Uncle Sam. What is being done to minimize the tax burden on these Americans? American Citizens Abroad (ACA) is leading the fight for tax reform. Marylouise Serrato, executive director of American Citizens Abroad, explains their position on international American citizens' tax rights. Americans living abroad are currently being taxed by both the U.S. and the foreign government where they live. Glen Frost, certified public accountant and tax law expert at Frost and Associates, also joins the conversation to promote the proposal Marylouise and the ACA are presenting to the U.S. Congress to reform the current system. Listen to the discussion of how and why U.S. tax international laws need reform, and what you can do to help the cause. American taxation on dual citizens has international repercussions, as the rest of the world is closely watching this issue. The 6 lessons you need to learn for financial success Doug lists some practical tips every investor should follow. To download the full list of lessons, click here. Free Download: 6 Lessons for Financial Success To follow Marylouise Serrato and American Citizens Abroad visit www.americansabroad.org. To contact Glen Frost visit the Frost and Associates 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.

Is Bitcoin a virtual currency or a "real" currency? Can a viable currency be independent of a government or bank? Why don't you see people buying their morning coffee with bitcoin? Brian Patrick Eha, author of How Money Got Free: Bitcoin and the Fight for the Future of Finance, explores the development and phenomenon of digital currencies, including Bitcoin. Brian shares the history of Bitcoin and explains how it works. He also suggests who could benefit from this kind of currency and delves into why it could be more relevant in the future. Second marriage? Should you blend your finances? While second marriages are a great joy, they can bring a unique set of financial challenges to the new family. Doug presents a list of steps for couples who are entering or are currently in their second marriage. Download Managing Money in Second Marriages to strengthen your family's finances. Free Download: Managing Money in Second Marriages. Follow Brian Patrick Eha on Twitter, and read his book How Money Got Free: Bitcoin and the Fight for the Future of Finance. 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, your financial planner's track record isn't as important as their financial philosophy. This is because your financial planner's main job is to help you gain a sense of control over your financial future, not pick the next hot stocks. There are no quick tricks –financial planning is a process that takes time, especially if you just received an inheritance. Marguerita Cheng, CFP® and CEO of Blue Ocean Global Wealth, describes what it takes to be a successful financial planner… and a good financial planning client. She stresses the importance of sharing information with your financial professionals, and why it's necessary to fully understand your current situation before you create a plan. She explores why people tend to shy away from financial planning and how she encourages clients to change their thinking to be more positive. Listen to learn the questions investors should ask a new advisor.

Will tax loss harvesting give you extra money?

Doug offers a free checklist for investors who want to do some year-end housekeeping in their accounts. Tax loss harvesting may be a way to lower your taxes. Consult with a qualified tax professional before implementing anything on this list. Free Download: What to Do Before the End of the Year to Get Some Extra Money in Your Pocket Follow Marguerita Cheng on LinkedIn and Twitter, or on corporate website, Blue Ocean Global Wealth. 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.

Cross-border investing means you have money in more than one country. How easily can you access your money and what are the tax implications for investing in different countries? When an American citizen moves to Israel, or any other foreign country, there are many things they need to do keep their money accessible. What should international investors do to make sure their money is accessible even overseas? Tune in to find out! Doug shares the microphone with Monte Silver, a licensed tax lawyer in the United States and Israel. Monte helps expatriates who want to minimize tax problems that arise with cross-border investments. Monte breaks down the issues international investors need to consider, and shares common misunderstandings of U.S. tax law. He explains why real estate investments have the most tax issues attached to them. Advice for expats who keep their money in the United States Doug's 20 years of experience in dealing with Americans living abroad who have U.S. brokerage accounts, motivated him to create a checklist of smart tips U.S. expats (read: olim) need to know about international investing. He offers a list of tactics for international investors getting ready for their big move. Download the list here. Free Download: Smart Tricks for Expats Who Keep Investments in the U.S. Monte Silver can be contacted through Eitan, Mehulal, & Sadot Advocates & Patent Attorneys and on LinkedIn. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. Note: Doug does not give tax advice. He's a financial planner and an investment advisor. For tax advice consult a certified tax advisor. 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.