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Doug Goldstein

Doug Goldstein, CFP® and director of Profile Investment Services Ltd., and, Stacy Collier, CPA, discuss the harsh realities of PFICs (Passive Foreign Investments Companies) and how they relate to Americans living in Israel.

Stacy specializes in U.S. citizens managing their money from abroad. She explains what PFIC owners must do – and pay – in order to comply with the IRS regarding PFICs.

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Listen to this episode if you are thinking about buying a foreign mutual fund or if you fear that you may inadvertently own a PFIC.

When should you readjust your asset allocation?

Doug answers a Goldstein on Gelt Show listener’s question about asset allocation. Doug points out the difference between individual bonds and bond funds. Sometimes asset allocation hinges on the types of investments you own, not the market.

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. Doug’s newest book, co-authored with Susan Polgar, about using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com