Goldstein On Gelt

Michael W. Zisa, a high school finance teacher and author of The Early Investor, is an advocate of teaching personal finance so kids can start investing at an early age. Michael shares what it’s like to teach young investors to make wise and informed investments. He describes the encouraging response to his class and what are some of the investment basics he covers with his students. Why joint brokerage accounts may be good for spouses, but not for siblings Sometimes a brokerage account is setup for two or more people, especially when it was set up by a parent. Doug gives some examples of when splitting up a brokerage account is a good idea, and identifies when a joint account is desirable. Michael W. Zisa is the author of The Early Investor and can be found at becomeanearlyinvestor.com and @investinggeek on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

Can decision fatigue be partly to blame for a bad investment choice? Nyle Bayer, an experienced money manager, examines what decision fatigue is and how it can cause you to make poor investment choices. Nyle has worked in the financial sector for many years with his father who is also a financial advisor and CFP®. He discusses what factors he has personally observed that could result in a bad investment choice, and why men and women approach investing differently. Do you ever wonder if Doug takes his own advice? Doug has an exciting announcement! His daughter announced her engagement to a wonderful young man! For years, listeners have followed Doug’s advice on how to plan for major life milestones like a wedding or buying a home. He shares how well his advice has worked for him and his family during this happy time. You can follow Nyle at The Financial Time Traveler and at @NyleBayer. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Re

Professor Tomas Lindahl, winner of the 2015 Nobel Prize in Chemistry, talks about his research with DNA and the human genome. Dr. Lindahl shares insights about the vulnerability of your DNA… and how it might be possible to fix it. Is a cure for cancer on the horizon? Discover why medical research is one of the most important investments there are.

Professor Robert C. Merton, winner of the 1997 Nobel Prize for Economic Sciences and professor of finance at the MIT Sloan School of Management, explains how a longer average lifespan affects retirement planning and what you need to do to plan for your old age today. Follow Professor Merton at: www.robertcmerton.com

Professor Robert Shiller, winner of the 2013 Nobel Prize in, and author of Finance and the Good Society, talks about how financial institutions and innovations could ultimately be used to improve the quality of society. How can high finance be used to reduce inequality among people? Follow Robert Shiller at www.robertshiller.com

Professor Arieh Warshel, winner of the 2013 Nobel Prize in Chemistry, talks about the role of chemical processes in daily life and how these aid scientific breakthroughs. Find out why there has been a “brain drain" in recent years, as many scientists and researchers look for research funding abroad, and what expat Israeli intellectuals are doing about academic boycotts.

Economics Professor Alvin Roth of Stanford University won the 2012 Nobel Prize in Economics for his work on market design. What is "market design," and how can it be applied to kidney donation, getting married, and medical students choosing residency programs?

Professor Robert Aumann, winner of the 2005 Nobel Prize in Economics, explains game theory, how it works, and how it can it be applied to making financial decisions.

Professor Edmund Phelps, winner of the 2006 Nobel Prize in Economics, and author of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change, discusses how mass innovation and the creation of new products leads to national prosperity. What do people need to encourage them to think of new ideas? And how do new ideas help spread prosperity? For a video version or transcript of this episode, go to http://goldsteinongelt.com/nobel-prize-winner-interviews/edmund-phelps

Is minimum wage important for workers? Professor Dale Mortensen, winner of the Nobel Prize in Economics in 2010, explains what the movie Moneyball teaches about the minimum wage. Find out what friction is in terms of markets, and what may encourage workers to be more productive.

Professor Peter Diamond, winner of the 2010 Nobel Prize in Economics, explains the purpose of Social Security and how recent policies may affect the U.S. economy. What can retirees expect from Social Security in the future?

Magnus Carlsen is one of the world’s most famous chess players, becoming a grandmaster at age of 13. In this interview, he shares his thoughts on the question of whether talent is innate or if it is something you have to work at. He also gives advice on how to develop your chess skills and shares what a day in the life of a top chess professional is like.

Macroeconomic data such as inflation, interest rates, and employment figures often appear in news reports. But what does this information mean, and how does it affect the ordinary person? Professor Christopher Sims, winner of the 2011 Nobel Prize in Economics, explains what macroeconomic data teaches us about the state of the economy. Follow Professor Sims at: http://www.princeton.edu/~sims/

What’s the difference between quasicrystals and regular crystals, and how does this affect your life? Professor Daniel Shechtman, winner of the 2011 Nobel Prize in Chemistry, tells the story of how he defied scientific opinion to discover quasicrystals. Find out which industries use quasicrystals today, and why Israel produces so many successful scientists.

Are margin accounts a smart way to build a portfolio? Ever thought about borrowing money to invest? Don’t do it! At least, not till after you listen to this episode of The Goldstein on Gelt Show! Margin accounts, borrowing money to invest, is a risky investment strategy that shouldn’t be done without careful consideration Find out what a margin account is and why it may be a bad idea. Four questions to consider before creating a margin account Doug has four questions that every investor should ask if they are tempted to borrow money for investing. Margin accounts are a high-risk move, and most people aren’t comfortable with such a drastic investment strategy. Ask these four questions to decide if borrowing money makes financial sense for you. Richard Duncan, the developer of Macro Watch and author of The Dollar Crisis and The New Depression, forecasts an upcoming recession in the global economy. Richard also points to recent events that could lead to an American recession. He and Doug discuss how investors ca

Often the financial world advocates “more money” and “more growth” – but can you live with less? Graham Hill is a firm believer that you can live on less. Graham’s awesome TED Talk, “Less Stuff, More Happiness” set off a lively debate. He shares his unique view on society’s need to get more money, more power, more stuff…just “more” in general. Yet, studies show that beyond a certain minimum income level, people’s happiness levels don’t increase the more money they earn. Doug and Graham discuss why having more money doesn’t necessarily mean you’ll have more happiness, and why the idea less = happiness is true for many people. You need to be picky about your financial advice. Everyone has an opinion on everything, particularly money. Who should you turn to for financial advice, and how can you separate sound advice from nonsense? Doug talks about the advice given in a Kiplinger article, 12 Reasons You Will Go Broke in Retirement. To learn more about Graham’s radical lifestyle ideas visit www.lifeedited.com. If

What is graphene, and where and how is it used? Andre Geim, who won the Nobel Prize in Physics in 2010 for his work in discovering graphene, discusses his work and its practical implications. How easy is it to turn a scientific breakthrough into a viable consumer product?

Is it possible to make an income from passive income, or is it all internet hype? Online entrepreneur Pat Flynn, from the Smart Passive Income blog, explains how more and more people are running successful online businesses. He also shares how he earns money from passive income and gives tips on how to begin an online business. Follow Pat Flynn at: www.smartpassiveincome.com and on Twitter @PatFlynn.

Does being an optimist have hidden benefits? Benjamin Zander, music director of the Boston Philharmonic Orchestra and the co-author of The Art of Possibility, explains how learning from your failures can turn you into an optimist. Follow Benjamin Zander at: www.benjaminzander.com and on Twitter @BenjaminZander

Professor Gary Becker, 1992 Nobel Prize Winner in Economics, shows you how to apply economic theory to family finance. Learn new ways you can make sound financial decisions, and resolve family conflicts about money.