Goldstein on Gelt
541 episodes - English - Latest episode: 17 days ago - ★★★★★ - 30 ratingsThe 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.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
What You Need to Know Before You Begin Market Trading
July 13, 2017 14:30 - 21 minutes - 10.1 MBAre you afraid to begin market trading? Aaron Fifield, the host of the financial podcast, Chat with Traders takes the mystery out of market trading is and explains how to get started. Doug and Aaron discuss what sort of attitude best serves a trader. They also debunk misconceptions people have about market trading. Aaron offers advice for newcomers who might be intimidated by bigger traders and confirms that even a small trader has a place in the market. How much money should a trader start i...
Why You Need to Change Your Money Mindset
July 10, 2017 14:30 - 22 minutes - 10.7 MBAttitude is everything and Jen Sincero, New York Times bestselling author of You Are a Badass at Making Money: Master the Mindset of Wealth, explains how a positive money mindset is critical to financial success. Jen is a firm believer that you create your financial situation based upon how you think about money. She and Doug discuss common delusions people have about money, and provides tips on how to connect with your personal money beliefs, so you can weed out the bad ones. Lots of people ...
How to Find the Right Investments
July 06, 2017 14:34 - 21 minutes - 10.1 MBDoug welcomes Meb Faber, chief investment officer of Cambria Investment Management, to the show to discuss why people have a hard time finding the right investments. Listen as they explore common mistakes investors make when choosing their investments. Meb reveals a good investment that is commonly overlooked: investing in a financial advisor. Meb expounds on why a money manager is a sound investment. There are many ups and downs in the investment world, and having a financial or advisor is a...
The Motivation You Need to Make Good Financial Decisions
July 06, 2017 14:30 - 22 minutes - 10.6 MBEllen Rogin, CPA, CFP®, and The New York Times bestselling author of Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality joins the show to help motivate listeners to reach their financial goals. You can do it! Ellen and Doug talk about the effectiveness of imagining your ideal life as a motivator towards making good decisions. Ask yourself, “What would my ideal retirement look like? How would I feel?” These questions are important when setting financial goals. For most...
What is a Deep Value Investor?
June 26, 2017 14:30 - 21 minutes - 10.1 MBTobias Carlisle, author of Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations joins Doug to discuss the difference between deep value investors and franchise investors. What type of investor are you? You’re a deep value investor if you look for small companies that have the potential to be great. The deep value method is a long-term approach that requires in-depth analysis of the company in question… and a bit of wisdom. Companies on the verge o...
Should You Own Traditional Real Estate or REITs?
June 22, 2017 14:30 - 19 minutes - 9.38 MBDoug makes a convincing case for REITs (Real Estate Investment Trusts) for people wanting to invest in real estate. REITs may be a good alternative for people who want to own real estate but want to avoid the “mess” of being a landlord. Doug explains what a REIT is and its potential benefits. He also discusses the problems of doing business outside of the U.S. with “packaged products.” Listeners will learn what a “packaged product” is and why it is considered a PFIC (Passive Foreign Investmen...
How Common Pool Resources Can Preserve the Environment
June 11, 2017 14:30 - 16 minutes - 14.7 MBProfessor Elinor Ostrom, winner of the 2009 Nobel Prize in Economics, explains what common pool resources are and how this concept encourages preservation of the environment. We were privileged to interview Professor Ostrom a few weeks before she passed away in 2012.
Don’t Be Fooled By Investment Schemes!
June 08, 2017 14:30 - 20 minutes - 9.64 MBHave you been approached by a “too good to be true” offer or other investment scheme? Many people are tricked by questionable investment offers. What’s the biggest mistake these people make? They don’t read the fine print. Doug stresses the importance of understanding all your investments before making a financial decision. He suggests consulting a professional money manager or a trusted advisor who understands money and your own financial situation. Financial predators rely on the fact that ...
What is the Best Way to Transfer Your U.S. Brokerage Account?
June 05, 2017 14:30 - 21 minutes - 10 MBHas the firm holding your U.S. brokerage account asked you to transfer your assets out because you no longer have an American address? Doug shares an experience he had when he helped an American living in Israel with their U.S. brokerage account. There are certain issues investor needs to know before moving their U.S. based assets. When that dreaded letter comes in the mail, Doug has insights on how to find a brokerage firm that will hold your account, even if you live overseas. What do Gen ...
Is there a “Right Way” to Diversify Investments?
May 18, 2017 14:30 - 19 minutes - 9.18 MBWant to learn about a solid strategy to diversify your investments? Doug recalls his interview with Nobel Prize winner Dr. Harry Markowitz about Modern Portfolio Theory. The conversation gave practical advice about using market analysis to find the right investments for a well-diversified portfolio. (Listen here to their discussion) If you don’t want to build a diversified portfolio by yourself, you can work with a money manager. Investors should interview money managers and ask what diversif...
What Millennials Need to Know About Investing
May 15, 2017 14:30 - 21 minutes - 10.4 MBThe host of the Mo’ Money Podcast, Jessica Moorhouse tells Doug what millennials need to know about investing. They discuss the financial difficulties the millennial generation deal with and how that poor preparation can be countered. Jessica emphasizes the ideal financial plan of both reducing debt and investing money for the future. One of these planning techniques is creating smart money habits, which are the surest way to meet financial goals and to prepare for what the market throws your...
The Pros and Cons of International Investing
May 11, 2017 14:30 - 15 minutes - 11 MBDoes fear drive your international investing decisions? Listen for tips on how to minimize your fear of investments. Don’t let what might happen affect your decision making. Bearing that in mind, Doug also suggests that diversifying the currency in your portfolio is crucial for people who save in one currency and spend in another. Be sure your investment decisions are within your comfort level. International investments raise many questions especially when currency diversification comes int...
How the “Bucket Strategy” Can Help Investors Manage Risk
May 08, 2017 14:30 - 24 minutes - 22.9 MBChristine Benz, the author of Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and senior columnist for Morningstar returns to talk withDoug about how investors can use the “bucket strategy” to manage their fear of risk. She shares how investors can manage risk in this “war on savers” market. In today’s current market, risk is becoming more of a necessity. Christine explains how to balance the old methods of retirement planning with being more open to ri...
Prepare Your Kid to be an Early Investor
May 04, 2017 14:30 - 17 minutes - 12.3 MBMichael W. Zisa, a high school finance teacher and author of The Early Investor, is an advocate of teaching personal finance so kids can start investing at an early age. Michael shares what it’s like to teach young investors to make wise and informed investments. He describes the encouraging response to his class and what are some of the investment basics he covers with his students. Why joint brokerage accounts may be good for spouses, but not for siblings Sometimes a brokerage account is ...
Can Decision Fatigue Affect Your Investments?
April 03, 2017 14:30 - 22 minutes - 16.1 MBCan decision fatigue be partly to blame for a bad investment choice? Nyle Bayer, an experienced money manager, examines what decision fatigue is and how it can cause you to make poor investment choices. Nyle has worked in the financial sector for many years with his father who is also a financial advisor and CFP®. He discusses what factors he has personally observed that could result in a bad investment choice, and why men and women approach investing differently. Do you ever wonder if Doug ...
The Mystery of the Human Genome
April 03, 2017 10:30 - 9 minutes - 8.83 MBProfessor Tomas Lindahl, winner of the 2015 Nobel Prize in Chemistry, talks about his research with DNA and the human genome. Dr. Lindahl shares insights about the vulnerability of your DNA… and how it might be possible to fix it. Is a cure for cancer on the horizon? Discover why medical research is one of the most important investments there are.
How to Plan Your Retirement for a Long Life
April 03, 2017 09:59 - 15 minutes - 14.3 MBProfessor Robert C. Merton, winner of the 1997 Nobel Prize for Economic Sciences and professor of finance at the MIT Sloan School of Management, explains how a longer average lifespan affects retirement planning and what you need to do to plan for your old age today. Follow Professor Merton at: www.robertcmerton.com
The Good Side of High Finance
April 03, 2017 09:47 - 15 minutes - 14.4 MBProfessor Robert Shiller, winner of the 2013 Nobel Prize in, and author of Finance and the Good Society, talks about how financial institutions and innovations could ultimately be used to improve the quality of society. How can high finance be used to reduce inequality among people? Follow Robert Shiller at www.robertshiller.com
What Does Chemistry Teach You About Life?
April 03, 2017 08:55 - 14 minutes - 13.5 MBProfessor Arieh Warshel, winner of the 2013 Nobel Prize in Chemistry, talks about the role of chemical processes in daily life and how these aid scientific breakthroughs. Find out why there has been a “brain drain" in recent years, as many scientists and researchers look for research funding abroad, and what expat Israeli intellectuals are doing about academic boycotts.
Market Design and the Art of Choice
April 03, 2017 08:46 - 15 minutes - 14.5 MBEconomics Professor Alvin Roth of Stanford University won the 2012 Nobel Prize in Economics for his work on market design. What is "market design," and how can it be applied to kidney donation, getting married, and medical students choosing residency programs?
Game Theory and the Nobel Prize
April 03, 2017 08:34 - 16 minutes - 15.2 MBProfessor Robert Aumann, winner of the 2005 Nobel Prize in Economics, explains game theory, how it works, and how it can it be applied to making financial decisions.
What is the Role of Innovation in A Nation’s Growth and Future Prosperity?
April 02, 2017 13:29 - 13 minutes - 9.34 MBProfessor Edmund Phelps, winner of the 2006 Nobel Prize in Economics, and author of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change, discusses how mass innovation and the creation of new products leads to national prosperity. What do people need to encourage them to think of new ideas? And how do new ideas help spread prosperity? For a video version or transcript of this episode, go to http://goldsteinongelt.com/nobel-prize-winner-interviews/edmund-phelps
Moneyball, Search Friction, and the Minimum Wage
April 02, 2017 10:22 - 15 minutes - 14.2 MBIs minimum wage important for workers? Professor Dale Mortensen, winner of the Nobel Prize in Economics in 2010, explains what the movie Moneyball teaches about the minimum wage. Find out what friction is in terms of markets, and what may encourage workers to be more productive.
What Does the Future Hold for Social Security and the U.S. Economy?
April 02, 2017 10:07 - 16 minutes - 15.5 MBProfessor Peter Diamond, winner of the 2010 Nobel Prize in Economics, explains the purpose of Social Security and how recent policies may affect the U.S. economy. What can retirees expect from Social Security in the future?
Get Advice from Magnus Carlsen on How to Hone Your Chess Skills
April 02, 2017 09:32 - 11 minutes - 10.5 MBMagnus Carlsen is one of the world’s most famous chess players, becoming a grandmaster at age of 13. In this interview, he shares his thoughts on the question of whether talent is innate or if it is something you have to work at. He also gives advice on how to develop your chess skills and shares what a day in the life of a top chess professional is like.
What Can Individual Investors Learn From Macroeconomic Data?
March 30, 2017 10:31 - 15 minutes - 14.4 MBMacroeconomic data such as inflation, interest rates, and employment figures often appear in news reports. But what does this information mean, and how does it affect the ordinary person? Professor Christopher Sims, winner of the 2011 Nobel Prize in Economics, explains what macroeconomic data teaches us about the state of the economy. Follow Professor Sims at: http://www.princeton.edu/~sims/
Why Quasicrystals and Other Israeli Breakthroughs are Important to the World Economy
March 29, 2017 13:13 - 17 minutes - 15.8 MBWhat’s the difference between quasicrystals and regular crystals, and how does this affect your life? Professor Daniel Shechtman, winner of the 2011 Nobel Prize in Chemistry, tells the story of how he defied scientific opinion to discover quasicrystals. Find out which industries use quasicrystals today, and why Israel produces so many successful scientists.
Be Wary of the Risks of Margin Accounts
March 23, 2017 14:30 - 24 minutes - 17.5 MBAre margin accounts a smart way to build a portfolio? Ever thought about borrowing money to invest? Don’t do it! At least, not till after you listen to this episode of The Goldstein on Gelt Show! Margin accounts, borrowing money to invest, is a risky investment strategy that shouldn’t be done without careful consideration Find out what a margin account is and why it may be a bad idea. Four questions to consider before creating a margin account Doug has four questions that every investor sho...
Can You Really Live on Less?
March 20, 2017 14:30 - 23 minutes - 16.5 MBOften the financial world advocates “more money” and “more growth” – but can you live with less? Graham Hill is a firm believer that you can live on less. Graham’s awesome TED Talk, “Less Stuff, More Happiness” set off a lively debate. He shares his unique view on society’s need to get more money, more power, more stuff…just “more” in general. Yet, studies show that beyond a certain minimum income level, people’s happiness levels don’t increase the more money they earn. Doug and Graham discus...
How the Discovery of Graphene Changed World Industry
March 15, 2017 14:29 - 15 minutes - 14.1 MBWhat is graphene, and where and how is it used? Andre Geim, who won the Nobel Prize in Physics in 2010 for his work in discovering graphene, discusses his work and its practical implications. How easy is it to turn a scientific breakthrough into a viable consumer product?
Can You Make a Living From Passive Income?
March 15, 2017 13:54 - 16 minutes - 14.7 MBIs it possible to make an income from passive income, or is it all internet hype? Online entrepreneur Pat Flynn, from the Smart Passive Income blog, explains how more and more people are running successful online businesses. He also shares how he earns money from passive income and gives tips on how to begin an online business. Follow Pat Flynn at: www.smartpassiveincome.com and on Twitter @PatFlynn.
Why It’s Important to Have an Optimistic Outlook on Life
March 15, 2017 13:31 - 16 minutes - 15.5 MBDoes being an optimist have hidden benefits? Benjamin Zander, music director of the Boston Philharmonic Orchestra and the co-author of The Art of Possibility, explains how learning from your failures can turn you into an optimist. Follow Benjamin Zander at: www.benjaminzander.com and on Twitter @BenjaminZander
Thinking like a Nobel Prize Winner Can Improve Your Family Finances
March 15, 2017 13:04 - 16 minutes - 15.2 MBProfessor Gary Becker, 1992 Nobel Prize Winner in Economics, shows you how to apply economic theory to family finance. Learn new ways you can make sound financial decisions, and resolve family conflicts about money.
How Loss Aversion Can Cause You to Make Investing Mistakes
March 15, 2017 12:26 - 16 minutes - 15.1 MBWhat is “loss aversion,” and why does it cause investors to make mistakes? Professor Daniel Kahneman, winner of the Nobel Prize for Economic Sciences in 2002, is well known for his work on the psychology of judgment and decision-making. Find out what loss aversion is, why overconfidence can be bad for investors, and how to avoid making financial mistakes.
Can Financial Forecasting Predict the Best Investments?
March 01, 2017 17:10 - 24 minutes - 16.9 MBMany investors use “financial forecasting” and base their investment strategy on what they think might happen in the markets. Is that a good idea? Roger Whitney, CFP®, host of The Retirement Answer Man podcast, and Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., discuss the problems with choosing investments based on predictions of what might be. Learn the difference between assumptions and forecasts and find out what you should look for in both the short and long term...
How to Use Social Media to Predict Market Trends
February 22, 2017 17:16 - 26 minutes - 20.9 MBMarket trends are often reflected in indices, like the Dow Jones Index or the S&P 500. But what about an index based on social media? Douglas Goldstein, CFP®, a financial advisor specializing in cross-border investments, discusses the BUZZ Index, an index based on social media statistics, with its founder, Jamie Wise. Find out how the BUZZ Index works and why people may be more inclined to tell the truth on social media platforms than in polls. Why you and your spouse need to talk about mon...
What Happens to U.S. Spousal Social Security Benefits After Divorce or Remarriage?
February 22, 2017 17:09 - 20 minutes - 16.6 MBSpousal U.S. social security benefits can add up, so if you are divorced (or know someone who is), make your claim accordingly. Devin Carroll, financial advisor at Carroll Investment Management, discusses with cross-border financial planner Douglas Goldstein, CFP®, the effects of divorce and remarriage on Social Security benefits. Find out why women in particular should research what they may be entitled to when they retire, whether single, married, or divorced. Depending on your situation,...
Can You be a Cheapskate and Still be Happy?
February 22, 2017 16:58 - 23 minutes - 19.1 MB"Cheapskate" isn't necessarily a pejorative term, as cross-border financial planner Doug Goldstein, CFP®, finds out when he interviews Jeff Yeager, author of How to Retire the Cheapskate Way: The Ultimate Cheapskate's Guide to a Better, Earlier, Happier Retirement. Learn why cheapskates rarely suffer from “buyer’s remorse,” and get tips for how to teach children the advantages of delayed gratification. Follow Jeff Yeager at www.ultimatecheapskate.com and on Twitter @JeffYeager How using a ch...
Is the Solution to Child Poverty to Give Away Money?
February 22, 2017 16:55 - 31 minutes - 71.9 MBWhy did Bituach Leumi decide to give Israeli children free money? Douglas Goldstein, CFP®, a licensed investment advisor who helps people meet their savings goals, speaks with Professor John Gal, chair of the Social Welfare Policy program at the Taub Center, about the program to alleviate child poverty. Professor Gal discusses how the program works and whether it will be successful in giving children a head start in life. Will the new program encourage increased savings? For an article abou...
Is Money in the Bank Really Safe?
February 22, 2017 16:51 - 26 minutes - 20.9 MBDouglas Goldstein, CFP®, a financial advisor who helps people preserve the real value of their money, questions how safe it is for people to put money in the bank. Professor William Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City and author of The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, discusses bank safety and explains why OECD nations insure bank deposits. How does this insurance wor...
How “White Coat Investors” Should Manage Their Money
February 22, 2017 16:37 - 23 minutes - 18.6 MBMany people believe that the typical "white coat investor," i.e. a doctor, surgeon, or dentist, must be wealthy due to the relatively high salary medical professionals earn. Dr. Jim Dahle, author of The White Coat Investor: A Doctor's Guide to Personal Finance, explains why this is not always the case. Many professionals are not financially astute, and they have no idea how to manage their money or prepare for retirement. Dr. Dahle discusses how to manage the financial jump from living on a...
How Important Is it to Make More Money?
February 22, 2017 16:28 - 23 minutes - 18.8 MBAlthough budgeting is an important part of personal finance, the real key to building wealth is to make more money. Matthew Paulson, author of The Ten Year Turnaround, discusses why you should think out of the box when deciding on a profession rather doing what seems easiest. Find out how giving charity can change the way you perceive money and help you to earn more. Can international investors own a trust? Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., explains how...
Will Your Spouse Be Financially Secure if You Die First?
February 22, 2017 16:25 - 23 minutes - 19.2 MBInvesting wisely is more than just choosing high-yielding investments and optimizing your asset allocation. Dan Solin, New York Times bestselling author of The Smartest Retirement Book You'll Ever Read and columnist in The Huffington Post, shares tips about investing wisely and how to plan your estate so that your spouse is financially safe when you pass away. Avoid Outliving Your Retirement Nest Egg No one wants to outlive their money. Creating a financial plan is one of the best ways of m...
Is There a Better Way to Use Your Credit Card?
February 21, 2017 10:26 - 28 minutes - 22.9 MBDouglas Goldstein, CFP®, a financial advisor who helps Americans living in Israel manage their investments, discusses the benefits and risks of using a credit card with Jason Steele, an expert in the credit card industry. Find out how credit cards really work, and who benefits from your credit card purchases. Can consumers benefit from points and reward schemes without falling into debt? Will the Trump Administration cause the markets to crash? Now that President Trump is Commander in Chief...
Transform Your Habits
January 03, 2017 22:45 - 23 minutes - 18.4 MBDoug meets James Clear, entrepreneur and expert on personal habits. How easy is it to change your behavior to achieve your goals? And how can you improve your financial habits if they are deeply ingrained? Listen to your favorite personal finance show for the answers to these questions and more.
Smart Women Finish Rich
January 03, 2017 22:43 - 23 minutes - 18.4 MBDavid Bach, author of Smart Women Finish Rich, talks about the “latte factor” and why women need to be in control of their finances. And is it too late to plan for retirement? Find out more on your favorite personal finance show.
What Are The Habits Of The Rich?
January 03, 2017 22:41 - 23 minutes - 18.4 MBWhat are the habits of the rich, and can they help you to succeed? On this week's show, Tom Corley, financial planner and author of Rich Habits: The Daily Success Habits of Wealthy Individuals, discusses the lifestyle of the rich. Does wealthy always equal healthy, and how do your personal relationships affect your financial success?
The Six Thinking Hats
January 03, 2017 22:37 - 23 minutes - 18.4 MBMeet legendary author and expert on lateral thinking Edward de Bono. What is lateral thinking? And what is the logic behind his famous book, The Six Thinking Hats? Find out which hat you're wearing.
What Do The Next 10 Years Look Like In The Economic World Of The West?
January 03, 2017 22:31 - 23 minutes - 18.4 MBThis week, Julie Deane, founder and president of the Cambridge Satchel Company, returns to The Goldstein on Gelt Show. Find out how her company has mushroomed in the past twelve months, how Julie came to join British Prime Minister David Cameron on a trade delegation to China, and what the future may hold for the Cambridge Satchel Company, a business that originally began in the Deane family kitchen with just £600! And don't forget to listen to all of your favorite financial tips and tricks o...
Ten Effective Investment Strategies for 2016
January 03, 2017 19:36 - 20 minutes - 16.4 MBFinancial resolutions are easy to make, but difficult to keep. In order to reach your financial goals, try using these ten investment strategies. Tune into the financial podcast to follow the countdown and learn about effective financial strategies.