by Douglas Goldstein | Sep 20, 2016 | Financial Plan, Financial Strategies, Podcasts |
What’s the best way to improve your investment results? Learn to filter out distractions and give your plan a chance to work. Listen to this financial podcast to find out why it’s important to stick to your financial plan, rather than continually moving your investments around. In the same way that a chess player ignores the constant barrage of comments from onlookers, and stay focused on the game, you need to stay focused on your financial plan. Get information about our upcoming real-life finance course and send your financial questions to... Click for more
by Douglas Goldstein | Sep 6, 2016 | Decision Making, Financial Strategies, Podcasts |
What do you need to know before buying a stock? Don’t base your decision on a vague piece of financial news. Look at more specific details, such as a company’s earnings and value. What do these terms mean, and which aspects are important? Find out what a company’s price/earnings ratio is, and how this would affect your final decision. Get information about our upcoming real-life finance course and send your financial questions to... Click for more
by Douglas Goldstein | Aug 9, 2016 | Decision Making, Financial Strategies, Podcasts |
Want a great tactic to cut your taxes? Just look at the way many investors handled the sudden drop in pound sterling after the Brexit vote. Find out what tax-loss harvesting is and how it can help you deal with volatile markets. Most importantly of all, don’t panic! (Remember I am a certified financial planner, not an accountant. I do not give specific tax advice. Make sure to get tax advice for your unique situation from a qualified tax professional.) Get information about our upcoming real-life finance course and send your financial questions to... Click for more
by Douglas Goldstein | Jul 12, 2016 | Financial Strategies, Podcasts |
Why should non-Americans invest in the United States? There are many non-American players on Susan Polgar’s chess team, because they are seeking the high-quality coaching that the United States specifically offers. America’s reputation for quality extends beyond education to the field of investing. More and more non-Americans are investing in the United States because of the high quality of American investments. Listen to this financial podcast to find out what the three qualities that make U.S. investments so attractive to non-Americans are? Watch this 10-minute video about U.S. brokerage accounts for... Click for more
by Douglas Goldstein | Jun 14, 2016 | Asset Allocation, Financial Strategies, Podcasts |
How can you improve your portfolio’s diversification? By consolidating your money under the watchful eye of a single financial advisor. Last episode discussed how consolidating your investments can make more money. Listen to this episode to discover the benefits of using money managers or mutual funds to manage specific sections of your portfolio. By consolidating your assets under one account, you can make sure that you are properly diversified. Listen to the whole show for a link to a free video about money... Click for more
by Doug Goldstein CFP® | Jun 2, 2016 | Asset Allocation, Financial Strategies |
Asset allocation may be even more crucial to investing than picking the “best” stocks or funds. This is because by dividing your assets among different asset classes rather than looking at individual investments only, you spread out your risk. By diversifying your investment among different products, you lower your chances of losing everything because of a single bad call. How many different asset classes should you own? Asset allocation spreads out your investment among different asset classes (stocks, bonds, real estate, cash, etc.) as well as within a particular asset class (for example, large cap stocks, mid and small cap stocks, foreign equities, and different types of companies). Depending on the amount of money you’ve got, it may be impossible to diversify on your own. In that case, learn about mutual funds and ETFs (Exchange Traded Funds), which often have the benefit of broad diversification. For the average investor, having between four and eight different funds that give you exposure to different areas of the market could be sufficient, but you should check with your own financial advisor before making a final decision. As you age and your risk tolerance changes, your asset allocation should be reevaluated to make sure it best meets your current situation. And, even if your personal situation doesn’t change, it’s wise to reevaluate your asset allocation periodically to make sure the market’s volatility didn’t knock your asset allocation out of whack. Like they say, “don’t put all your eggs in one basket… unless you’re at the grocery store, in which case you should because it makes it easier to carry them.” Listen to this... Click for more
