Timing the market may not lead you to financial success

What are the best ways to save money and manage your investments successfully? 

Behavioral finance categorizes investors into five different categories. Where are you, and where should you be? Learn why timing the market does not necessarily make you a better investor.

In order to save money, you need to make effective financial choices. Professor Terrance Odean of the University of California at Berkeley returns to The Goldstein on Gelt Show to talk about how to make smart financial decisions. He talks about why living on credit is not a good idea, how to make the right choices when purchasing life insurance, and whether money can actually make you happy. 

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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. Doug’s newest book, co-authored with Susan Polgar, about using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. 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 doug@profile-financial.com

Source: http://www.israelnationalnews.com/News/News.aspx/210528

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