How do you think Bill Gates' financial advisor would have advised him regarding the concentration of his wealth in Microsoft stock?

Welcome to another episode of The Goldstein On Gelt Show with your host, Douglas Goldstein. In this episode, Doug dives into the topic of over-concentration in investment portfolios. He discusses:

• The risks and little benefits associated with being heavily invested in one or two positions
• The importance of diversification and the potential consequences of neglecting it
• Stories of real life clients who found themselves in precarious situations due to over-concentration

PLUS! Practical advice on how to avoid falling into this common investment trap.

So, if you're looking to build a strong and well-diversified portfolio, stay tuned as Doug offers his expert insights on this critical topic.

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 you choose to go on vacation, you're prioritizing experiences over money in the bank or investments. It's a value decision. But that doesn't mean you shouldn’t invest in experiences with your family or put all your money in the stock market! Let's talk specific goals and why you should always start with why.

Join host Douglas Goldstein as he shares important financial insights he uncovered during his recent family vacation.

When planning a vacation, we often make value decisions, prioritizing experiences over keeping all our money in the stock market. Douglas encourages listeners to have specific goals and understand why they are investing. It's not just about the numbers but about creating a life you envision and leaving a meaningful legacy for your loved ones.

Doug also breaks down the concept of total return, explaining the different ways one can make money - capital gains, dividends, and interest. He also explores two different investment approaches: the bucket strategy and the total return strategy. The bucket strategy involves dividing your investments into different buckets to fund specific goals, such as vacations or leaving an inheritance. On the other hand, the total return strategy focuses on managing and maintaining a portfolio where income from various sources can be utilized for different purposes.

No matter which approach resonates with you, it's crucial to align your financial decisions with your long-term goals and personal preferences.

Don't miss out on these key insights that can shape your investment journey.

In what ways does Rosh Hashana impact our financial situations for the coming year?

Doug explores the connection between Rosh Hashana and your financial future.

Discover how the decisions made on this auspicious day can impact your investments and money matters for the entire year.

You’ll uncover the fascinating concept of predetermined finances and learn how your choices can shape your financial destiny.

Doug also shares insights on the importance of giving back, with a special emphasis on the power of charity.

Don’t miss out on this thought-provoking episode that will make you reevaluate your perspective on work, life, and wealth.

[00:02:09] Your actions influence your income and life [00:04:37] 20% earnings to charity, recommended by financial advisor [00:08:20] Questions to ask: What will you do? Why? Who will you help? Ultimate response to God’s role: Take action, work, save money [00:02:09] Your yearly income is predetermined, but your spending choices can influence it [00:04:37] The importance of giving 20% to charity, inspired by successful businessmen [00:08:20] Questions to consider: What will you do with it? Why do you want it? Who do you want to help? God may decide, but it’s up to you to make it happen through work and savings

Are you an entrepreneur looking to run a thriving business in Israel? 🇮🇱

Then you don’t want to miss this episode of The Goldstein On Gelt Show with host Douglas Goldstein. In this episode, Doug shares his top 5 tips for business management in Israel that will take your company to the next level.

From the importance of networking and building connections to navigating the complex world of taxes, Doug dives deep into the key strategies every business owner needs to know. Plus, discover:

• The critical Israeli word that can make or break your success
• How to stay connected with your network
• How planning for taxes can save you from financial nightmares

If you’re ready to take your business to new heights, then tune in to The Goldstein On Gelt Show and get ready to be inspired.

Need help opening and maintaining U.S. investment accounts in Israel?

We specialize in helping Americans living in Israel manage their investment accounts, savings, and retirement plans. How can we help you with your American portfolio?

Call 02-624-2788 (or toll-free from U.S.A. 1-888-327-6179) for your free Cross-Border Financial Evaluation.

Join our email list: https://goldsteinongelt.com/sign-up

Americans living abroad still need to pay U.S. taxes, so if you are an oleh, it might be a good idea to find an American CPA in Israel. Why would an American CPA in Israel be better than hiring an American CPA who sits in America? Yosefa Huber, an American CPA in Israel answers this very question. She helps American citizens living in Israel stay compliant with U.S. tax laws. Yosefa explains why American citizens, even those living abroad, aren’t exempt from filing a U.S. tax return. She also debunks some of the misguided excuses from U.S. expats who think the American tax code doesn’t apply to those living overseas. (Note that I’m a financial advisor, not a tax advisor. Speak with a professional accountant for tax advice.)

Doug has created a simple checklist titled Checklist for Americans in Israel to Choose Financial Advisors. The checklist covers all the major questions an American living in Israel (or any other foreign country) should ask before choosing a financial advisor. For more information on choosing a financial advisor, watch Doug’s video How to Choose the Right Financial Advisor for You. Download free resource: Checklist for Americans in Israel to Choose Financial Advisors 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.

Have you recently received an inheritance?

Did you inherit a brokerage account, an IRA, a bank account, real estate, or property in Israel?

Receiving an inheritance can be complicated. Each type of asset has its own way of being passed onto the heir. Inheriting an IRA is different than inheriting other assets, and in order to maintain the tax-beneficial status the paperwork needs to be done in a specific manner.

Download the free resource, “What You Need to Do After You Inherit an IRA” which summarizes the specifics of inheriting an IRA.

The Goldstein on Gelt Show highlights the specifics behind receiving different inheritances.. Have an unanswered question about inheritances? Reach out to The Goldstein on Gelt Show through the Contact Us bar on the homepage and get answers to your financial questions.

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: What You Need to Do After You Inherit an IRA

Is investing in the global economy really that important? Andrew Vonnegut, author of Inside the Global Economy: A Practical Guide, is an expert in global economics. He explains why global economics should matter to individual investors. Events like wars and market crashes affect every corner of the world. How can investors best prepare for the ripple effect to reach their portfolio? Andrew gives practical advice on how to pick investments in an ever-changing global economy. If you ever wondered about why you should worry if a foreign currency falls, listen to this episode to learn about the interconnected global economy. Is global investing a path to wealth? Doug emphasizes the importance of diversification and explains what that means in the context of the global market. Refer to his free resource called Is Long-Term Global Investing Still a Path to Wealth? To learn more about diversification, listen to The Goldstein on Gelt Show episode called How to Make Good Investment Choices, featuring Paul Merriman. Download Free Resource: Is Long-Term Global Investing Still a Path to Wealth? Visit Wolandia.com to follow Andrew Vonnegut’s work. Read his book Inside the Global Economy: A Practical Guide. 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.

Stock market bubbles have a way of putting the financial world into on edge as they try to attempt to predict when it will burst. Is there a way to predict a bubble? Bubbles transform entire industries including the technology bubble of the 1920s and the 1990s transformed entire industries. Are we on a cusp of another bubble? William Goetzmann, a Professor of Finance at the Yale School of Management, researches the phenomenon of market bubbles. He explains the characteristics of a bubble and the circumstances that create them.

Doug outlines the reasons why people buy mutual funds and makes a convincing case for investing in a money manager in How to Make Money with Mutual Funds. Download the PDF for more information on investing in mutual funds. Free download: How to Make Money with Mutual Funds To learn more about William Goetzmann read his book, Money Changes Everything: How Finance Made Civilization Possible, or follow him on Twitter or the Yale 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 the corporate world an ‘insiders only’ club, or do ordinary shareholders have a real say in the company? Learn how shareholder activism may be changing the face of corporate America. Jeff Gramm, a portfolio manager at Bandera Partners, adjunct professor at Columbia Business School, and author, discusses what shareholder activism means for companies in the long run. Jeff gives examples of how shareholders can make significant changes to a company’s board of directors. How shareholders can have a voice in corporate decisions?

Doug put together a sheet for investors called What All Investors Need to Know About Their Investment Accounts. One of Doug’s recommendations is having an open channel of communication with your financial advisor. To better understand what a financial advisor does for you and your portfolio, watch this video. Free download: What All Investors Need to Know About Their Investment Accounts Learn more Jeff Gramm on his website or read his book Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism. Also, 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.

Welcome Generation Y! The United States is in the middle of a millennial economy thanks to the largest population boom after the baby boomer generation. What does this millennial economy mean for investors? Our guest, Ken Gronbach, author and demographer, has a very optimistic opinion. Ken, a human capital analytics expert, explains why demographics define an economy. What’s the most important thing for any business to succeed? Quality people! Listen to learn why Ken has high hopes for the American economy and Generation Y.

Download the free resource “Simple Tools for Increasing the Income You Get From Your Investments” and learn potential ways to increase the return of your investments. Doug explains why an investor would want to focus on income-based investments and which investments can be used to supplement your income.

Free download: Simple Tools for Increasing the Income You Get From Your Investments

To learn more about Ken and demographics, read his books The Age Curve: How to Profit from the Coming Demographic Storm and Upside: Profiting from the Profound Demographic Shifts Ahead. He can also be contacted through KGC Direct.

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.