Gain Perspective on Financial Planning. Investments. Your Future.

How Memory Loss Can Affect Your Money

What happens to your finances if you suffer from memory loss? Memory loss can have negative financial repercussions beyond not knowing where you misplaced your checkbook. Time to hand over the reins If someone you love finds it hard to remember … [Read more...]

Here’s When to Stop Supporting Your Children

When should you stop supporting your children? This tale of two couples explains: My clients, “Mr. and Mrs. Generous” and “Mr. and Mrs. Enablers,” both wanted to help their children. As their financial advisor, I told one couple that it was fine to … [Read more...]

Why Are Dividend-Paying Stocks like a Paycheck?

Dividend-paying stocks can provide steady income in the form of regular quarterly cash payments. Two ways investors earn a return on a stock investment are capital appreciation and dividend payments. Ideally, you want your stock to appreciate in … [Read more...]

Do Simple Investments Generate Higher Returns?

Simple investments can help increase your returns. When Confucius said, “Life is really simple, but we insist on making it complicated,” he could have been alluding to the fact that using complicated investing strategies can reduce your overall … [Read more...]

How to Protect Someone You Love from Financial Abuse

Financial abuse is one of the fastest growing crimes hitting senior citizens. If you have elderly parents or other loved ones, there are concrete steps you can take to make sure they stay financially safe. While we may think of a stranger as the … [Read more...]

Why Getting an Inheritance Doesn’t Always Make You Rich

“If you spend that amount of money from the inheritance you just received,” I told a client a few years ago, “it’s going to vanish over time.” Guess what? It did. This client spent hundreds of thousands of dollars and had nothing to show for it, … [Read more...]

Why You Shouldn’t Worry about Market Volatility

High volatility is a headline grabber. The media seldom writes about a ho-hum day in the markets. Skewed headlines create fear in investors who have an exaggerated view of market instability. Volatility is a measure of how much a stock price … [Read more...]

Is It Easier to Make Money or Lose Money?

How easy is it to make money to recoup a loss? Recently, I found myself in the Financial Advisor’s Twilight Zone when a client assured me, “It’s OK if I lose money. My investments are for the long term and I have time to recoup the losses.” Why was … [Read more...]

Should You Engage in Copycat Trading?

“Copycat trading” is when a regular trader copies the trades of more experienced and successful traders. It sounds simple enough: copying someone else’s trades makes trading easier for you as it eliminates the need for you to do your own research. If … [Read more...]

Profile Perspectives is a personal finance blog based on articles Doug Goldstein, CFP®, director of Profile Investment Services, Ltd., published in The Jerusalem Post. The information posted is purely informational and does not constitute investment or tax advice. Advertisements on the site are neither endorsements nor recommendations. Consult your professional advisors before making any investments based on articles or advertisements. Securities offered through Portfolio Resources Group, Inc., member of FINRA, SIPC, MSRB, FSI. Accounts carried by Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation.

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