Goldstein on Gelt

If there is one investment strategy that financial professionals agree on, it may be…objectivity.

Relying purely on your emotions when making financial decisions can seriously damage your investment strategy.

Dr. C. Thomas Howard, co-founder of AthenaInvest, talks about why objectivity should be an important component of your investment strategy. He describes the five emotional triggers that cause the most damage, and why he thinks Modern Portfolio Theory may lead to emotional investing.

However, don't be discouraged if you do make a wrong investment decision. You can always learn from your mistakes.

This is also an important lesson to teach your children. Find out why it's a good idea to let your children make financial mistakes… and learn the best way to help them understand the importance of financial responsibility.

Follow Dr. C. Thomas Howard at: http://www.athenainvest.com/

Many people believe that frugality is the key to getting rich. Self-made multimillionaire and financial podcaster Linda P. Jones disagrees. Listen to her interview on The Goldstein on Gelt Show to find out why being frugal isn't enough. Linda explains why you should follow the lead of billionaires rather than millionaires when making investment decisions. When considering where to put your money, you need to understand what is "reasonable," and what rate of return would be a cause for alarm over a period of ten or twenty years. Follow Linda P. Jones at: http://www.lindapjones.com/ and on Twitter: @LindaPJones

When you retire, will you spend all day at home in your "empty nest?" What do you want to do after you retire, and do you have the funds to do it? Roger Whitney, "The Retirement Answer Man," talks about how to plan life after retirement. Find out how to get ready to live your dreams and how to avoid some of the most common retirement mistakes on the way. Since it is now "wedding season", remember that making a wedding should empty your house, not the bank account. Get tips and advice on how to make a budget conscious wedding that is well-planned, fun, and a great foundation for a secure future. Follow Roger Whitney at http://rogerwhitney.com, and on Twitter @Roger_whitney

Making money mistakes can have ramifications that can take years to correct. What are the most common mistakes people make with their money, and how can you avoid them? In today's show, Doug shares common financial errors people make, and gives suggestions on how to be a more successful investor. Many money mistakes happen when a couple is getting divorced – both in the negotiations and immediately afterwards while setting up separate lives. Financial advisor Ted Jenkin of oXYGen Financial explains the three money issues that you must think about during a divorce. He also answers crucial questions about how divorce affects Social Security when you retire, and whether financial pre-nuptial agreements are really effective. Ted Jenkin blogs about money, divorce, and other financial issues at http://www.oxygenfinancial.net/ Follow him and his work at: @oXYGenFinancial

How do interest rates affect the way you plan for retirement? Dan Moisand CFP® explains how interest rates affect retirement planning. He also discusses the best way to withdraw money from retirement plans (including IRAs) without incurring any penalties, and the circumstances in which you may end up paying an extra 10 percent. Follow Dan Moisand at his work at: http://www.moisandfitzgerald.com How do retiring to Israel and making aliya affect your finances? Will you still have to pay U.S. taxes, and will you still be able to maintain your American retirement and investment accounts? Listen to today's show to get access to an article that answers these questions. Also, find out how you can take Doug's upcoming course on investing for free.

How can you best plan for retirement in Israel? On the show, Doug discusses retirement planning, including:

• When should you start to take Social Security?
• How to get regular income from your investments to supplement your pensions
• How to maintain U.S. brokerage and IRA accounts while living in Israel

Bestselling author Jay Papasan, co-author of The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results, explains how to find the one thing that motivates you to achieve your goals, retirement or otherwise. Jay shares techniques for developing good money-building habits that lead to a meaningful life and successful retirement. Follow Jay's work on Twitter at @jaypapasan and on LinkedIn and Facebook. Visit his website: www.the1thing.com

When you plan for retirement, what are the choices you need to make? Joel Kranc, author of Retirement Planning in 8 Easy Steps: The Brief Guide to Lifelong Financial Freedom, explains why your retirement planning should not always follow "rules of thumb." Instead, you should base your retirement on personal choices. Discover the eight steps you need to take when you plan for retirement. Are you worried in case there could be another economic crash like in 2008? Doug Goldstein, CFP®, who counseled his clients through the credit crunch, talks about how the central bankers handled the situation and what might happen next. Read Doug's review of Ben Bernanke's book about the 2008 crash. Follow Joel Kranc at http://kranccomm.com/ and on Twitter @kranccomm

Risk management is an important strategy in investing. On today's show, Professor Lewis Mandell, financial economist, author, and former Dean of Business at the State University of New York at Buffalo, discusses risk management and explains why he thinks the popular tactic of portfolio rebalancing may be a mistake. Read Professor Mandell's book What to Do When I Get Stupid , and visit his website http://lewismandell.com/ Follow him on Twitter: @lewmandell. Doug answers a listener's question on today's show when he tells you what you need to know about opening a U.S. brokerage account in Israel. Click here for a free interactive tool that will guide you in what you need to know when opening a U.S. brokerage account.

What are the necessary qualities for successful investing? Very often, investing success comes from making the right decisions. On today's show, find out:

• how you can improve your decision making skills,
• what "decision fatigue" is,
• why you should choose the sources of financial advice carefully.

Another important tool for achieving investment success is self-discipline. Rory Vaden, best-selling author of Take the Stairs: 7 Steps to Achieving True Success, talks about the skills that you need to stick to your plan and why it is a good idea to work hard at the beginning to get good long-term results. Follow Rory Vaden and his work at: www.roryvaden.com and on Twitter at @rory_vaden.

Can you avoid stringent U.S. tax legislation aimed at Americans living abroad by renouncing your American citizenship? On today's show, Doug answers a letter from a listener asking how to deal with U.S. tax obligations and whether it is worthwhile to renounce American citizenship. Get a link to the video of an interview with Bitcoin pioneer Roger Ver, who explains why he gave up his citizenship. What should an individual investor do when devising a personal investment strategy? Should you own individual stocks? George Sisti, CFP®, a former U.S. air force pilot and certified financial planner, shares a simple strategy for personal investing. Read George Sisti's columns on Marketwatch - http://www.marketwatch.com/ and sign up for his newsletter at http://www.oncoursefp.com/