Read Doug’s articles originally printed in The Jerusalem Post.
Profile Perspectives
Proper financial planning can change your relationship with money.
Proper financial planning can change your relationship with money.
Read Doug’s articles originally printed in The Jerusalem Post.
Sometimes couples have trouble managing money because they struggle to make joint decisions. If you and your spouse are on different pages in terms of spending and saving priorities, frustration can build over time. In my 30+ years of being a financial planner, I often feel like a family therapist as well as an investment professional…. Read more
I recently met with clients who challenged the traditional narrative of retirement. The meeting, which began with focusing on managing their U.S. investment portfolio, evolved into a profound discussion about personal fulfillment post-retirement. The couple, approaching “retirement age,” chose not to “wind down,” but to rediscover themselves. The husband, a psychologist,… Read more
Do you find it difficult to talk to your adult children about your financial life? Do you need to change your own mindset from viewing them as “little kids” despite the fact they might tower above you? If your children have matured into responsible adults, now may be the time to start including them in financial discussions. … Read more
Soon after October 7, I was approached by a U.S. journalist who said he was working on a story “on how the war in Israel may be impacting financial advisors.” He explained, “I noticed on your profile that your firm works in both the U.S. and Israel, so I was hoping you’d be open to talking about how the conflict is impacting you,… Read more
In finance, the right partnerships are key to success, especially when managing U.S. investments from Israel. At Profile Investment Services, Ltd., our 20+ year collaboration with Portfolio Resources Group, Inc. (PRG) has been pivotal. Our shared commitment to supporting Israel was highlighted recently when PRG proudly joined in sponsoring the American Friends of the Israel Defense Forces,… Read more
Managing money is scary for many people, especially olim who move from America to Israel who may struggle to navigate Israel’s financial system. For that reason, it can be especially helpful to work with a cross-border advisor who understands the challenges of having U.S.-based investment accounts while living in Israel. … Read more
The Psychology of Investment Risk
Investing in the stock market is not solely a financial decision; it’s also an emotional one. Understanding the psychology behind investment risk is crucial. Many investors face anxiety due to market volatility, and it’s essential to recognize how these emotions impact financial decision-making. The key is to strike a balance between the potential risks and your emotional response to market swings…. Read more
Understanding the Limitations of Digital Communication
In an era where digital communication reigns supreme, the financial advising industry faces unique challenges. As both a U.S. and Israeli licensed financial professional, I’ve observed firsthand the pitfalls of relying solely on digital channels, such as text messaging or emails, for nuanced financial discussions…. Read more
Israeli investors, including American olim, who have U.S. investment portfolios tend to have a global outlook on the markets. They’re interested not only in investing in Israeli-based companies but in diversifying their assets with purchasing stocks or funds in other countries as well…. Read more
Money is one of the biggest stressors in any marriage, especially when each person has a different approach to managing money. As a couple, it’s important to be united in your financial decisions.
If you need help managing money as a couple, consider these points:… Read more