Photo Credit: courtesy
Doug Goldstein

Doug Goldstein, CFP® and director of Profile Investment Services Ltd., outlines the advantages and disadvantages of keeping money in the bank. Having money in the bank offers investors a sense of security, but leaving money in the bank can impact your long-term financial plan. While an investor’s money kept in the bank is secure and liquid, low interest rates impact an investor’s potential growth.

Start making informed decisions.


The right answer as to what you should do with money in the bank depends on your financial goals, your risk tolerance, and your time frame.
Doug created the free resource What Should You Do With Money in the Bank. Download the free resource on The Goldstein on Gelt website in today’s show notes.


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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. 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