Goldstein on Gelt

Douglas Goldstein | CFP® | Profile Investment Services

The Goldstein on Gelt Show is a global investment and financial planning radio show designed to educate and entertain its listeners with financial strategies and investment tips. Douglas Goldstein, CFP® hosts the weekly show, which can also be heard at www.goldsteinongelt.com, and is the director of Profile Investment Services, Ltd., www.profile-financial.com.

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4 Things That Can Derail Your Financial Decisions
Sep 22 2022
4 Things That Can Derail Your Financial Decisions
Emotions are important part of being human, but leave them out of your financial decisions! Behavioral finance expert, and The New York Times best-selling author Dr. Daniel Crosby explains four issues that can derail your financial decisions. Instead of making decisions based on feelings and instinct, learn how to implement a more reliable system. Should you turn your behavior on its head and integrate the good, bad and ugly of emotional bias in your decision making? Do investors fail because the market is bad or because of their own errors? Consider benchmarking your financial successes, not to the market, but to the things in life that are meaningful to you. Learn how to develop a system that works for you and use it to automate your investment choices. Are you a value or growth investor? Doug compares value stocks to growth stocks. After explaining how each type of stock works, Doug suggests that a well-rounded portfolio include both value and growth investments. Listen to learn why, and to find out if you are a value or a growth investor. To learn more about these stock differences check out www.profile-finanical.com/stocks. Dr. Daniel Crosby’s book The Laws of Wealth: Psychology and the Secret to Investing Success is available through Amazon. You also follow him on social media @danielcrosby. 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.
4 Things That Can Derail Your Financial Decisions
Sep 22 2022
4 Things That Can Derail Your Financial Decisions
Emotions are important part of being human, but leave them out of your financial decisions! Behavioral finance expert, and The New York Times best-selling author Dr. Daniel Crosby explains four issues that can derail your financial decisions. Instead of making decisions based on feelings and instinct, learn how to implement a more reliable system. Should you turn your behavior on its head and integrate the good, bad and ugly of emotional bias in your decision making? Do investors fail because the market is bad or because of their own errors? Consider benchmarking your financial successes, not to the market, but to the things in life that are meaningful to you. Learn how to develop a system that works for you and use it to automate your investment choices. Are you a value or growth investor? Doug compares value stocks to growth stocks. After explaining how each type of stock works, Doug suggests that a well-rounded portfolio include both value and growth investments. Listen to learn why, and to find out if you are a value or a growth investor. To learn more about these stock differences check out www.profile-finanical.com/stocks. Dr. Daniel Crosby’s book The Laws of Wealth: Psychology and the Secret to Investing Success is available through Amazon. You also follow him on social media @danielcrosby. 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.
Does Your Financial Planning Account for the Worst-Case Scenario?
Sep 8 2022
Does Your Financial Planning Account for the Worst-Case Scenario?
What happens when your financial planning backfires or doesn’t account for the worst-case scenario? Harold Evensky is a Certified Financial Planner ® who has some evergreen advice for investors. Harold meets with many investors who share the trait of being overconfident in their financial decisions. He explains how a financial planner, like himself, can help them see the big picture. Today’s guest is Harold Evensky, a Certified Financial Planner ®. He explains how he helps clients prepare for the unplanned for circumstances. He uses a technique called “framing” to help investors look at the big picture and really understand what risk means. Often an investor’s overconfidence will cause them to ignore some very real possibilities. Be warned: certainty and safety are the not the same thing in financial planning! How to be prepared for a job loss Do you work in an unstable work environment? An unstable work environment could be a startup or high-tech company or someone who works on commissions. Doug has tips for someone who may not have a steady source of income. While saving all you can is great advice, it may be worthwhile to create alternate sources of income like Real Estate Investment Trusts (REITs.) Download a list of tips on How to Manage Your Investments When Your Main Income Source Could Collapse at Any Moment. Free Download: How to Manage Your Investments When Your Main Income Source Could Collapse at Any Moment Learn more about Harold Evensky at www.evensky.com, or read his book, Hello Harold: A Veteran Financial Advisor Shares Stories to Help Make You Be a Better Investor. He’s offering free copies to the first 20 Goldstein on Gelt listeners who contact us through the Goldstein on Gelt website. Please include your name and address with your message. 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.
An Investment Strategy That Offers the Best of Both Worlds
Jul 14 2022
An Investment Strategy That Offers the Best of Both Worlds
Every investor needs an investment strategy, and there are many good strategies an investor can consider. Do you know your options and what each investment strategy can offer you? Tune in to learn more about the most common choices. Colleen Jaconetti is a certified financial planner and senior investment analyst with Vanguard Investment Strategy Group. She lays out the most popular investment strategies that investors use in everyday investments. She focuses particularly on the “Dynamic Retirement Spending” strategy, an investment strategy that can give an investor “the best of both worlds” in financial planning. She explains what the strategy is and why it is the most balanced option for an investor. The dos and don’ts of a financial windfall Doug has put together a list of tips called The Best Way to Invest an Inheritance: What You Should and Shouldn’t Do with a Windfall.* (*meant as link) He lists all the reasons why getting a sudden windfall like an inheritance can be stressful and lead to bad decisions. To dive deeper into this subject, register for Doug’s webinar called How to Invest an Inheritance. Learn more about Vanguard Investment Strategy Group at their website. For more information about Colleen Jaconetti, read some of her blogs for Vanguard’s site. 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.
3 Ways to Benefit from a Falling Market 
Jun 30 2022
3 Ways to Benefit from a Falling Market
Just because stocks are tumbling doesn’t necessarily mean that all is lost. Sophisticated investors know how to use a down market to up their portfolio.  Listen to the podcast to learn three ways that you can benefit from a falling market. 1. Pretend you’re a farmer and harvest! Tax loss harvesting means selling stocks at a loss and matching that loss against capital gains to minimize capital gain taxes. No one likes to pay taxes, and no one likes stocks to lose value, but tax loss harvesting manages to lessen the negative blow of two potentially unpleasant situations. While savvy investors often use tax loss harvesting at the end of the fiscal year, you can implement this strategy anytime. 2. Take advantage of the stock sale. What does it mean when the market is oversold? Simply put, it means prices have dropped further than they probably should have. When the markets climb, investors who want to lock in their profits sell their stocks. If too many investors sell at once, the market drops; it is oversold. Turn this to your advantage, and talk to a licensed financial advisor about buying additional shares at the lower price. 3. Keep a large cash reserve. Some investors want every penny of their savings invested, thinking that means their money is working the hardest. However, if you don’t have available cash to buy a bargain (see the point above), you might lose out when a buying opportunity presents itself. Note that a large cash reserve meant for investment is not an emergency fund. No need to get down about a down market, there are strategies that you can use to your advantage. 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 parents can raise financially savvy kids 
Jun 9 2022
How parents can raise financially savvy kids
Congratulations!! You just had a child! How can you ensure that they will be financially secure throughout their life?  Today, Doug speaks with Efraim, who is preparing to be a young father, about tips and tricks for the best way to financially prepare for a growing family, and how to educate young children about money, so you can best raise financially savvy kids As parents, we want the best for our kids, but it’s important to remember that a parent isnot obligated to hand over $1M to their children when they grow up. Perhaps the best gift a parent could give their children is to educate them so they will be able to manage on their own. It’s never to young to begin teaching your child about money; even a 5-year-old can understand basic concepts, and as they grow older, they can understand more. Make sure to listen to Doug’s three tips on what to teach your kids on handling their own money. Don’t forget to model good financial behavior for your children, and put aside money for their future needs.  When saving, it is a good idea to invest in an ETF (Exchange Traded Fund)?  Life insurance is something that is crucial for young parents or a young couple to have when they are planning on having kids, so if heaven forbid something happens, your kids will have something to help them get back on their feet. Let me know how your children react to your implementing the three tips on handling their own money. Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il
Does the price of a stock really matter?
May 26 2022
Does the price of a stock really matter?
Does the price of a stock really matter? Many people look at the price of a share before deciding whether to buy that particular stock.  Should you follow your instinct and consider the price of a stock before deciding whether to buy it or not?  When buying a stock one of the factors that one needs to take into consideration is the PE ratio, the price per-earnings ratio of the company. The PE ratio is the calculation of how much a company earns divided by the price of the company. Listen to today’s episode to learn how to calculate a company’s PE.   Once we understand why people are willing to pay 10, 30, or even 400 times earnings, ask why should someone do that? If I can pay a cheaper price for a similar stock, why should I buy the more expensive one?  The answer is different people look at  stocks differently. Beauty is in the eyes of the beholder; what is important to one person may not be as important to someone else.  The most important thing to keep in mind is that if the PE ratio is very different, probably the stocks aren’t exactly the same. When investors are willing to buy stocks at higher PE ratios, it’s often because they believe that the company will increase its earnings, and, once that happens, the initial price of the stock will rise, and they can walk away with a profit. Let us know if you look at the PE ration before you buy a stock. Efraim is a business student, former IDF officer, and an entrepreneur, head of “A Day with an Officer.” Contact him at: efraim@goldstein.co.il   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 to invest in crisis
Apr 7 2022
How to invest in crisis
Do you look at the news and think that the world is in crisis? How should you invest when things are looking tough around you?  First, it is essential to break down your goals into short-, medium- and long-term investments.  It is important to understand that short term investments should be held in a less risky portfolio, and the longer-term goals can be exposed to a riskier portfolio. A way to use a crisis to your advantage may be by trying to figure out what are the “bigger” costs to the crisis. For example, in the Russia-Ukraine war, perhaps investing in companies that build the airplanes or supply ammunition, or even looking further and investing in companies (or ETFs) that might be involved in building material for the countries that will need to re-build. A creative investor needs to keep their eyes open and look for clever ways to invest. During times of crisis, investors should keep in mind the size and power of who and what is in crisis. For instance, Russia is a huge country with lots of smart and hard-working citizens. Even if the economy is currently not booming, Russia probably is not disappearing any time soon.  People shouldn’t forget that the world keeps on moving forwards, and as history has shown, one day the world will move on from this war and focus on something else.  Efraim is a first-year business student, former IDF officer, and an entrepreneur, running the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il