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October 25, 2016 / 23 Tishri, 5777

Posts Tagged ‘invest’

How to Invest for Retirement in a Low-Interest Rate Environment

Thursday, June 2nd, 2016

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.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

Doug Goldstein, CFP®

What is the Best Way to Invest an Inheritance?

Thursday, May 19th, 2016

If you receive an inheritance, what is the best way to invest it – to pay off debt or put into savings? Follow a six-step plan for updating your portfolio to make the best use of an inheritance.

When deciding on specific investments, is academic research helpful?

According to Dana Anspach, CFP®, of Money Over 55, the answer is no. This is because often academics focus on a niche topic, whereas financial planners can see the complete picture.

At the end of the show, there’s a link to an article about why your investments must be different from those of your parents.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

Doug Goldstein, CFP®

Avoiding Weight Gain This Winter

Friday, November 23rd, 2012

Winter seems to be a time when many people put on some extra weight. Have you ever considered why that is? Here are some of the top reasons and what to do about them.

More layers equals more room to hide. Bulky sweaters and loose coats give us that fake comfort and temporary ability to live in denial. I always tell my clients to have one summer outfit easily accessible and to try it on, on a regular basis. Aside from serving as a reminder that Summer is just a few short months away, it will be an accurate measurement of how your more fitted (and less layered) wardrobe feels.

Hot comfort drinks. Don’t we all associate those hot chocolates and creamy lattes with cold winter days? Did you know that these drinks could contain up to 700 calories? Many people falsely assume that “liquid calories” don’t count. This is obviously false. Try herbal teas instead, or lower calorie versions of your favorite drink. Substitute whole milk for skim, skip the whipped cream, and use cinnamon powder for flavor, instead of flavored syrup.

Feeling too lazy to exercise.  Many people feel a lot less energetic in the winter months and that is understandable.  The days are shorter, it gets dark sooner, and getting out of the house requires bundling up, and even warming up the car.  Outdoor exercisers find it more challenging to stick to their routine with the unpredictable weather, and it getting dark so early in the day, giving them less hours of “ideal workout conditions.”

My suggestion? Adjust your schedule or routine accordingly.  See what works for you.  Cold weather should not mean no exercise. Whether you are used to outdoor workouts, or just get lazy with the cold season, here are some tips to help you get you heated up even when the weather is cold.

1. Stock up on fitness DVDs. Make sure you pick ones that are fun and motivating (check out the Shape Fitness kosher workout DVD).

2. Find an exercise buddy. This way the two of you help each other get the workout accomplished, whether indoors or out.

3. If you are a walker or jogger, invest in warm yet comfortable gear. This should be something that is warm enough to wear outside, yet comfortable enough (and not bulky) to exercise in.  Make sure to protect your head and ears.

4. Try to exercise during daylight hours. The days are shorter but it is easier to exercise when it is light out.

Chanukah parties, office holiday parties, Chinese auctions, dinners, and fundraisers… need I say more? As always, plan ahead. Do not ever starve yourself the day of a function, planning to make up for it later on. Eat regular balanced meals throughout the day, and try drinking 2 glasses of water before the event. When you get there, scan the room and decide what you want to eat, before you fill up your plate. Treat a buffet style table as a visual menu. “see” the food there as simply a feast for the eyes, and it is up to you to make the best choices from it.

As always, having professional guidance is one of the best tools you can invest in. Whether it’s a nutritionist helping you plan your menus, or a personal trainer working out with you and measuring your results, having that professional guidance is extremely valuable.

Remember that Summer is right around the corner. With just some planning and willpower, you can avoid weight gain traps this winter.

Tanya Rosen

Are You Thinking Clearly? (Podcast Part II)

Thursday, November 8th, 2012

How do you make the important decisions of your life, such as what to study or where to invest your money? Is there a mathematical strategy to thinking clearly? On this week’s Goldstein on Gelt show, Professor Michael Starbird, professor of mathematics and author of “The Five Elements of Effective Thinking,” talks about how we make decisions and how to think clearly.

Doug Goldstein, CFP®

Investing In Your Relationship

Wednesday, October 24th, 2012

I often share with my clients a simple yet powerful analogy: think about your relationship as you do about your bank account. That’s because investing in your relationship is similar to saving money; the more you put into your bank account or relationship, the more you can take out when necessary.

The way to develop your emotional wealth is to invest as much equity as possible, so when the going gets tough, you can dig into your savings and avoid going into the red.

Investing in your relationship takes time and effort and is a challenge for all couples. In my own life, for example, I believe my relationship is so important that my wife and I try to schedule time alone together at least once a week to focus on our relationship. Despite the pressures of our busy lives, we try to creatively make sure we are investing in our marriage. Sometimes we go out to a restaurant to eat or just take a walk down the block together. Other times, we go grocery shopping or head to the local convenience store in order to enjoy a few minutes alone just schmoozing about our day. When life goes into overdrive and time is limited, we take a “time out” for ourselves, and spend a few minutes in a quiet and secluded room in the home just talking to one another.

It really doesn’t matter what you do or what you talk about during your private times together. What matters most is to give your spouse the feeling that he or she is the most important person in the world.

Of course, the way to build emotional equity in a marriage is to make as many deposits as possible. In general, positive statements like complimenting one another, sharing appreciations and speaking kind words are “deposits.” Every time you tell your spouse that you appreciate them, or their actions, you are building more emotional wealth. You can even think of a compliment as a dollar. Imagine how rich you could become if you increase the amount of times per hour you compliment your spouse!

And it’s not just complimenting that works; actions speak louder than words. Helping each other with daily tasks such as shopping for food or just cleaning the house are ways in which couples can increase their emotional equity. The point is that it doesn’t take a large budget, or a lot of time, to build a relationship. Even the simplest gestures can make a difference.

The opposite is also true. Couples will deplete their emotional savings by criticizing and exercising external control. Trying to force one another via manipulation or by insulting each other decreases emotional wealth, and can even put some relationships into bankruptcy.

At the end of each month, I suggest that couples take a look and see how their emotional savings account is developing. They should check how many deposits they’ve made and how much was withdrawn. The goal is to become aware of the overall growth of the relationship and to see if it is getting stronger, or needs more nurturing.

The Miraculous Bamboo Tree

One way to illustrate the need to invest in the long-term sustainability of your marriage is to look at the miraculous growth pattern of the Chinese bamboo tree.

It seems that this tree when planted, watered, and nurtured for an entire growing season doesn’t outwardly grow as much as an inch. Then, after the second growing season, a season in which the farmer takes extra care to water, fertilize and care for the bamboo tree, the tree still hasn’t sprouted. So it goes as the sun rises and sets for four solid years. The farmer and his wife have nothing tangible to show for all of their labor.

Then, along comes year five.

In the fifth year that Chinese bamboo tree seed finally sprouts and the bamboo tree grows up to eighty feet in just one growing season! Or so it seems….

Did the little tree lie dormant for four years only to grow exponentially in the fifth? Or, was the little tree growing underground, developing a root system strong enough to support its potential for outward growth in the fifth year and beyond? The answer, of course, is obvious. Had the tree not developed a strong unseen foundation it could not have sustained its life as it grew. The same principle is true for people.

Rabbi Daniel Schonbuch

Jerusalem Municipality Approves New NIS 18 Million Deer Park and Sanctuary

Sunday, September 23rd, 2012

Sunday – The Jerusalem Municipality approved a plan to invest in and upgrade the Jerusalem Deer Sanctuary  in Deer Valley (near the Pot Junction), and to turn it into the first city-based nature park in Israel. The park will cover an area of over 60 acres.

New deers will be brought into the existing sanctuary, and the park will now also have a section for people which will include a bicycle path, bird watching terraces, and a reception and education center. There will also build a water reservoir.

The first part of the new park is expected to be completed in January 2014.

Mayor Nir Barkat said this will turn Jerusalem into a “green” city and inprove the standard of living of the residents.

Jewish Press News Briefs

Tishrei: A Time to Examine Your Deeds and Your Portfolio

Tuesday, September 4th, 2012

What did you do when you built your portfolio? Did you invest the money and then simply walk away? Did you then expect to take another look in ten years’ time and find that you had miraculously become rich?

The financial world, like many other things in life, is always subject to change. Markets go up, and markets go down. What if there is a war in your part of the world, or a huge banking crisis? The financial markets are affected by so many outside factors, a lot of which are not necessarily as dramatic as the above two examples but still have their ramifications upon investments. For this reason, it is always a good idea to take a periodic check of your portfolio to see if the level of risk is still appropriate and if you need to readjust your investments in favor of something that would be better for your present circumstances.

This fiscal check could be compared with the annual reevaluation that Jews are supposed to make at this time of the year. The months of Elul and Tishrei are a time to examine your deeds. You look at what you have done over the past year and where you are going. Are the decisions that you made in the past for yourself and your family still right for you, given the circumstances in your lives that may have changed during the year? How have various challenges that you may have undergone affected the way that you live your life? When you look at the future, what do you see? Although you cannot predict what will happen, there are certain things that you may need to keep in mind and prepare for. Are you prepared for these events?

Spiritual accounting is similar to the financial accounting. In order to be an effective investor, it’s a good idea to sit down once a year with your financial adviser and ask:

– What has happened over the past year that might have changed the balance in your portfolio? – Which of your investments have become more or less risky as a result of market performance? (Learn more about assessing whether high or low risk is good for you.)

– What are your goals for this year, and do you have the means to accomplish them?

– Do you need to change anything in order to improve your financial situation? And if so, exactly what?

– What are the pros and cons of any possible financial move that you may be considering, in terms of hidden costs and taxes, as well as potential profits?

With best wishes in starting the New Year with renewed spiritual strength…and a reevaluated, stronger portfolio.

Doug Goldstein, CFP®

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/tishrei-a-time-to-examine-your-deeds-and-your-portfolio/2012/09/04/

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