How can you get your masterpiece published? On this weeks Goldstein on Gelt show, you can get the lowdown on Internet publishing how to put your book out there and make money online. Penny Sansevieri, founder and head of Author Marketing Experts, returns to the show to give some more red hot internet publicity advice after the reissue of her e-book of the same name. Whether youre a budding author or not, dont miss this interesting interview.Doug Goldstein, CFP®
Posts Tagged ‘finance’
In the second part of the Goldstein on Gelt podcast this week, meet Charles Duhigg, a staff writer at The New York Times and author of The Power of Habit. How do habits affect human behavior? And what is the difference between innate personality and habits? Find out how habits govern your life and if you can change by listening to this fascinating interview.Doug Goldstein, CFP®
Putting your money into individual stocks may be the fastest way to get rich – but it’s also the fastest way to lose the shirt off your back if you guess wrong. Buying a single stock exposes you to high levels of risk, even if the stock is strong. And even if you’re an expert on the company and its industry, there’s no certainty that the market won’t take an unexpected turn at any time and your stock won’t perform as well as you’d hoped. For this reason, it’s important to diversify your portfolio. If you have a diversified portfolio, any possible losses will hopefully be offset by a gain in a different stock.
Another disadvantage of buying individual stocks is that trading them can be very expensive. If you’re a high-volume trader, the multiple transaction costs involved in beating the market and selling your less profitable stocks take their toll.
Additionally, if you are thinking of purchasing individual stocks, ask yourself whether you have sufficient knowledge to choose these investments yourself. Do you have time every day to follow the market and stay in tune with the latest economic forecasts? The economic world is in constant flux and you need to be ready to adjust your portfolio to keep up. Do you really have the time and energy to devote to this, when you are also busy with your work and family?
So what’s the most effective way to invest?
For many people, the answer is mutual funds.
A mutual fund is a collection of securities, most often stocks and/or bonds. Every person who invests in a mutual fund is essentially a shareholder of this basket or collection of investments. The losses and gains of the fund reflect the movements of the individual assets inside the fund. A mutual fund solves the problem of diversification and the fund managers are the ones who have the responsibility of researching and making investment decisions. Though they may not get it right all the time, at least they have the time to investigate their ideas.
It’s important to note that with mutual funds, there’s no such thing as “one size fits all.” Different types and styles of mutual funds are appropriate for different kinds of investors. Indeed, a mutual fund’s value may be the time when the whole is really greater than the sum of its parts.
Call your financial advisor today to find out which fund may be best suited to meet your goals.Doug Goldstein, CFP®
And if lessons from the past can help towards a better future, what can be gained from the life of U.S. President Calvin Coolidge? Best-selling author and columnist Amity Shlaes returns to the show to talk about her latest book, Coolidge, which is a biography of this almost forgotten U.S. president. Find out what Coolidge contributed to America and how understanding his policies could make a better future by listening to this very interesting show.Doug Goldstein, CFP®
What can you say about banks? While ATMs and online banking mean that you can do transactions and watch your account 24 hours a day, most people have never met their bank manager and the cozy feeling of having a local bank has been lost. This week, Doug speaks to Anat Admati, author of The Bankers New Clothes and a professor of economics at Stanford University, who explains the ins and outs of the banking system today.Doug Goldstein, CFP®
In the second part of this week’s Goldstein on Gelt podcast, Doug gives important information about retirement, insurance, and pensions in Israel. If you’re an oleh or you are considering moving to Israel, find out which kinds of insurance would be most suitable for you and your family. Don’t miss out on these vital facts. Listen to this part of the podcast for more.Doug Goldstein, CFP®
Now that we’re well into 2013, last year has become a fuzzy memory. But for me it stands out as the year I started writing my blog here on The Jewish Press. In addition to reading my posts, for the past few months, you’ve been downloading the podcasts of my personal finance radio show. We’ve had a chance to meet outstanding personalities, including Nobel Prize winners Robert Aumann, Andre Geim, and Alvin Roth, best-selling authors Michael Starbird, Nicholas Wapshott, and Ken Rogoff, outstanding entrepreneur Gail Reynolds, chief scientist Harold Vinegar, and many others.
Hopefully, Goldstein on Gelt has not only entertained you, but has given you a new angle on personal finance and financial security. Guest Kevin Mitnick (professional computer hacker) and personal safety expert Bob Arno taught us innovative ways to safeguard our identity and possessions. Other guests Verne Harnish and Ken Fisher made us question how we make decisions, and challenged us to make better decisions to further our human potential, in all aspects of our lives, not just money.
I’d like to share these interviews and insights with you, so I compiled my favorite interviews of 2012 (it was so hard to pick!) into an e-book, The Best of Goldstein on Gelt 2012. Download it for free when you subscribe to receive updates as to who my weekly guests are, and broaden your definition of personal finance.