Lavan & The Financial Fraudsters Amongst Us
While I truly believe that most people in the investment business conduct themselves with high ethical standards and are motivated to help investors achieve their financial goals, there are a few bad apples out there that are usually the loudest and most skilled salespeople.
Parshat Toldot: Financial Planning Lessons To Empower Future Generations And Avoid Family Conflict
In the realm of estate planning, if one son is in kollel and the other son is an investment banker, more money may be needed to support the former. The latter may appreciate a different type of non-financial support to help them achieve their full potential.
Lech Lecha: The Oldest And Most Effective Financial Planning Strategies
I’m sure readers can point to their own parents, grandparents, or great-grandparents, who moved to this country to improve their respective circumstances. Whether it was to flee antisemitism and pogroms, or perhaps to find a job, moving has always been an effective financial planning strategy.
Politics & Your Portfolio: Investment Dos And Don’ts During The Election Season
Do not rush to make investment decisions based on who the new president is. Take time to digest the information.
Where Do I Park My Cash Now That Rates Are Falling?
To determine how best to allocate your funds, it’s important to understand your personal financial goals.
Buying New Clothes And Jewelry Before Sukkot
The cornerstone of personal finance is to live within your means. Buying something you can’t afford goes against this dictum and will set you up for financial ruin.
Spending Money On Things Vs. Experiences
The importance of creating meaningful experiences is especially relevant as we approach the chagim.
Paying For A Wedding: When Machatanim Disagree
A caveat on my perspectives. My kids are not yet of marriageable age. My only wedding planning experience comes from my own nuptials. Although beyond showing up with a suit and kittel, and selecting a stellar mesader kedushin, my involvement was modest, and that’s being generous. My opinions, therefore, don’t stem from the details of planning.
Money Lessons From The XXXIII Olympiads: Trust The Process
At the end of the day, believing in your plan can keep you committed to it when the going gets tough.
The Destruction of Wealth: Six Wealth Killers Every Investor Should Avoid
Surround yourself with people who derive joy from other aspects of life beyond materialism to eliminate the feeling of constantly needing to keep up with friends in your community.
Living Dangerously: A Theme For The Three Weeks And Investing
Investors tend to make drastic decisions when they are feeling scared, greedy, or impatient. Unfortunately, these impulsive moves rarely, if ever, work out. Emotional decisions have no place in the world of successful investing.
How Can So Many People Afford To Do Construction?
It’s always worth reminding yourself that wealth is what you don’t see. Houses, cars, fancy clothes, and the like are all visible things on which people spend money. What’s actually in their bank account is not advertised to the public.
Should You Buy Nvidia
It’s possible Nvidia may continue to rise. It also may plummet like many of the aforementioned investments. The main point, and a good reminder for all investors, is: You will NOT win the investing lottery!
The Thirteen Principles Of Wealth
Successful investing does not mean perfection. There is no perfect portfolio or time to invest in the market.
Confirmation Bias And What The Media Can Teach Us About Personal Finance
The question I constantly find myself asking is why does this intellectual dishonesty occur? The answer, at least partially, is due to confirmation bias.
The Great New York Earthquake Of 2024: Lessons For Financial Preparedness
Unpleasant surprises that induce feelings of helplessness can also strike our personal finances. In fact, the likelihood of adverse financial events impacting our nest eggs is far higher than experiencing an earthquake.
The Seder’s Annual Reminder: How To Be More Intentional With Our Finances
The essence of this message is simple. It’s to continue living by the same traditions and values that have been passed down from generation to generation.
Remembering Daniel Kahneman: The ‘Zeidy’ of Behavioral Economics
The biggest stumbling block for many investors is themselves. The tendency for people to get in their own way is usually what prevents folks from achieving success in the markets.
Personal Finance Rules Of Thumb (With A Frum Twist)
This week I’ve decided to compile some popular rules of thumb to share with readers and offer my own thoughts on the relevance of each rule. Keep in mind that it’s OK if your personal situation doesn’t alight exactly with every rule.
Are Annuities A Good Investment?
Annuities have a bad reputation, and rightfully so. In my opinion, they are a jungle of high fees, moving parts, and lack of transparency. In short, they are not usually the best choice.
The Golden Calf, Vanderbilts, And Touro Synagogue: Money Lessons From The Parsha
When I meet with affluent families, I endeavor to frame money as a tool and not a scorecard. Communicating this viewpoint is often even more impactful than the investment recommendations or tax mitigation strategies I implement on their behalf.
The Most Important Financial Decision: Who You Decide To Marry
I share this dose of reality: You don’t get a pass on math. If you do not have a high household income, you can’t live an extravagant lifestyle. You will need to make compromises on where and how you live.
We Just Sold Our Home For $2.5 Million – What Do We Do With...
To get you started, below I share some common discussion points that come up frequently in my practice when strategizing with folks who just sold their primary residence and are also approaching retirement.
Sticking With Your Learning And Financial Resolutions In 2024 And Beyond
When it comes to personal finances, there are also many cool things out there. However, the determinant of success always comes down to sticking to the basics.
ParkBridge’s Outlook For 2024: Seven Mistakes To Avoid In The New Year
As I say every year, it’s important to keep in mind that these predictions are nothing more than educated guesses, wishful thinking, and marketing.
Seven Ways To Invest In Israel Today Given The War In Gaza
There are also other ways of advocating for Israel. This may include peaceful rallies and writing letters to your local politicians. While it may feel like our elected officials have their own agenda, the reality is they like their jobs and can’t totally ignore their constituents.
Financial Planning Checklist: 20 Ideas To Consider Before Year-End
The end of the secular year typically coincides with certain deadlines. It is also a great opportunity to set the stage for a financially successful new year.
Thanksgiving: A Time To Be Thankful (Even During Challenging Times)
No matter how challenging the environment, there is always reason for hope and items for which to be grateful. This is true for life as well as investing.
Is College Still A Good Investment?
When I discuss college planning strategies with clients, I typically focus on how to afford these steep tuition costs.
The Reverse Obituary
I’m inspired by the people all over the world, Jews and non-Jews alike, who are donating time, money, supplies, and food, to help defend Israel.
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