Goldstein On Gelt

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/

Are you guilty of making these common investment mistakes? Larry Swedroe, director of research at Buckingham Asset Management, gives tips on avoiding investment mistakes and reviews important financial concepts investors frequently forget. Larry Swedroe’s blogs at http://mutualfunds.com/ and http://www.etf.com/ Follow his work here: http://buckinghamadvisor.com/ and on Twitter @larryswedroe One common financial mistake people make is giving their adult children too much financial assistance. Doug discusses how much money you give your children, and should this be at the expense of your future retirement? Get tips on what to do if you think you are falling behind with saving for retirement

James Rickards, best-selling author of The Death of Money and Currency Wars, and editor of Strategic Intelligence, talks about the approaching world economic crisis. Why does James Rickards say that this crisis will “resemble nothing in history”? How can individual investors protect themselves? What is the similarity between these predictions and earthquake science? Why is investing in fine art a good idea? Follow James Rickards on Twitter on @JamesGRickards and at: www.Jamesrickardsproject.com

What are the best ways to save money and manage your investments successfully? Behavioral finance categorizes investors into five different categories. Where are you, and where should you be? Learn why timing the market does not necessarily make you a better investor. In order to save money, you need to make effective financial choices. Professor Terrance Odean of the University of California at Berkeley returns to The Goldstein on Gelt Show to talk about how to make smart financial decisions. He talks about: why living on credit is not a good idea, how to make the right choices when purchasing life insurance, if money can actually make you happy. Follow Professor Odean and his work at: http://faculty.haas.berkeley.edu/odean/ and on Twitter at:@terranceodean

The way that you invest is very individual, as what may be good investment choices for one person may not be appropriate for someone else. It’s easy to find articles about successful billionaires and their investments on the internet. But are articles such as “Top 5 Positions in T. Boone Pickens’ Portfolio” relevant to you since your background and situation are very different? On today’s financial podcast, find out what you need to keep in mind when choosing investments, and why reading about a billionaire’s investments may not be helpful to you. MarketWatch contributor and financial writer Paul Merriman explains how to make investment decisions that aren’t based on emotions. Which are the best sources of financial information, and how can you find a financial advisor you can trust? Read Paul Merriman’s articles and books at: http://paulmerriman.com/ Follow him on Twitter: @SavvyInvestorPM

Kurt Cobb, author, journalist, and expert on energy and the environment, returns to Goldstein on Gelt to discuss the energy crisis. Are natural sources of energy, such as thorium and molten salt, effective alternatives to oil?

Tom Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals and Rich Kids, talks about the habits that self-made millionaires learned from their parents. How can you teach rich habits to your children, even if you are not wealthy yourself? What are the most important financial lessons that your children can learn from you? Why are wealthy people less likely to gossip? Follow Tom Corley and his work here: www.richhabits.net

In the second part of the show, Doug introduces a new podcast about chess and investing that is connected to his upcoming new book Rich as a King, which he is co-authoring with Grandmaster Susan Polgar. Find out how the tactics used in chess can help you become a better investor – even if you’ve never played chess in your life.

ETFs (Exchange Traded Funds) are a popular investment tool. Today's show is devoted to ETFs and gives you an idea what these investments are and how they work. Instead of a guest interview, get a taste of a financial podcast with a twist. The Rich As A King financial podcast is based on Doug's bestselling book, co-authored with Susan Polgar, Rich As A King: How the Wisdom of Chess Can Make You a Chess Grandmaster. Doug also discusses how he manages his own money, providing a link to a 4-minute "How Do You Manage Your Own Money," which you will find at www.profile-financial.com/faq-video, a selection of videos dealing with frequently asked personal finance questions. Find out why money managers often suggest ETFs and how they can help you make more effective financial decisions.

Harry S. Dent, Jr. is the founder of Dent Research, an economic forecasting firm specializing in demographic trends and author of The Demographic Cliff: How to Survive and Prosper During the Great Deflation Ahead. Discover why the study of demographics so important for predicting the economic future. What's the connection between demographics and economic forecasts? What is the geopolitical cycle and how does it affect markets? What are inflation and deflation, and what lies ahead in the near future? Follow Harry Dent and his work at: http://www.dentresearch.com/

In today's show, Doug talks about investing in technology. Despite the risks involved in technology investments, there may be subdomains within technology that can be good returns. A few of the big picture domains include: Semiconductors or chips: basically, anything that has a chip inside. This industry is worth millions, if not billions, of dollars. Software: from Facebook to Twitter to your operation system, everything runs on a code that someone wrote. When investing in technology watch out for: Tech stocks are often traded at a premium compared to other market categories because of expected above average growth rates. Tech companies often do not have profits - sometimes they don't even have cash flow! There are many investment instruments you can use if you decide investing in technology is in congruence with your risk tolerance level. Technology stocks want to make the world better. Can they also improve your investment returns? Dr. Peter Diamandis, Chairman and CEO of XPRIZE, and Best-selling autho

The U.S. Social Security Administration redefined WEP and bituach leumi, so that people in Israel may receive more Social Security. Doug explains the changes in WEP, and warns about being complacent. Social Security is one of the tools in the fight against poverty, but why are there so many poor people? 2015 Nobel Prize Winner in Economics, Professor Angus Deaton, author of The Great Escape: Health, Wealth, and the Origins of Inequality, provides some interesting answers. Professor Deaton describes his research about poverty, helping the poor, and the reason that the current systems are destined to fail. He also answers the question: Is it smart to help the poor by just giving them cash? Follow Professor Deaton and his work at: http://scholar.princeton.edu/deaton/home

Should you invest in emerging markets like China and Brazil? The rapid economic growth and rising stock prices in emerging markets may look enticing, but don’t ignore the high risks involved. Consider diversifying investments into mutual funds, ETFs, and ADRs, or even a separately managed account (SMA). For an in-depth discussion of investing in the Russian emerging market, Doug speaks with former world chess champion Garry Kasparov. After he retired from professional chess in 2005, Garry became a pro-Democracy proponent for Russia and is the author of the new book Winter Is Coming: Why Vladimir Putin and the Enemies of the Free World Must Be Stopped. Is Russia a good prospect for investment? What is life really like in Russia today? Is the current regime as popular at home as it appears to be in the press? Have the Russian people simply swapped one authoritarian regime for another? Listen to Garry Kasparov’s answers to these questions on this episode of The Goldstein on Gelt Show. Follow Garry Kasparov and h

How can you invest for retirement in a low-interest rate environment? One answer is to invest in bonds. Learn why many retirees choose to invest in bonds, what the risks are, and how to buy them. Investing in a bond fund can help diversify your portfolio. This week’s Goldstein on Gelt podcast gives a link for a video about bond laddering and an article that explains how bond funds can increase your portfolio’s diversification. Professor Burton G. Malkiel of Princeton University, bestselling author of A Random Walk Down Wall Street, takes the idea of investing at low risk further. He recommends three tools that may help you to invest for retirement in today’s low-interest environment and shares his predictions for inflation and interest rates.