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Jonathan On Money
Episode 45: The Most Important Financial Decision: Who You Decide To Marry
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Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:
1. Why the most important financial decision most people will make is who they decide to marry.
2. This week’s money quote from Chris Rock about wealth
3. What would be the pros and cons of purchasing equal weighted amounts of the 11 stock market sectors and rebalancing your portfolio each year rather than just indexing the total market or the S&P 500?
4. I just earned 57% on a real estate deal. I invested 50k and made 20k in 3 years. If I can get one of these homerun deals every so often even with a few duds along the way (which is pretty much guaranteed) why on god's green earth would I ever invest in the market?
5. I’m 38 years old and should be a millionaire in a few years. Once I become a millionaire can I retire?
6. I can buy the cheapest house in a super upscale neighborhood or the nicest house in a more modest neighborhood. The way I see it there are pros and cons to both. What are your thoughts?
7. Are annuities a good investment?
8. There are many ways to invest in real estate. Can you quickly go through them and what you would recommend?
9. I live in a low cost and low tax state. We just went on vacation in an expensive and high tax state and loved the amenities and natural beauty. Is it unwise to give up such a cheap and financially manageable cost of living to move to an expensive state?
10. I just read that illegal migrants are getting more in benefits than folks on SNAP. It seems like the system is set up to reward those who don’t play by the rules. What are your thoughts?
11. I don’t have much money to contribute to retirement at this present time and whatever money you would be contributing is not allowed by a scholarship committee. Is there a legal way to contribute to a retirement plan not in your name (for example a parent) which could make you the custodian at a later date?
12. I have 150k in an investment account. Should I liquidate it to build a pool?
Stay connected:
1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com
2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter
3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars
4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn
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Episode 76: IN FOCUS: "Charitable Giving: Timely Strategies and Considerations Under Jewish Law"
59:06|Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics. Today, we will cover "Charitable Giving: Timely Strategies and Considerations Under Jewish Law" featuring Elizabeth Forspan, Esq. of Forspan Klear LLP, Rabbi Daniel Z. Feldman of Yeshiva University and Congregation Ohr Saadya of Teaneck, and Alan Secter, Senior Director of Institutional Advancement at Yeshiva University. Today’s show is a recording from Session # 2 of the Yeshiva University & ParkBridge: Estate Planning & Wealth Management Symposium. This panel discussion will cover timely and practical charitable giving strategies through the lens of Jewish law. Each panelist will cover philanthropy from their unique vantage point. This session will be informative for families who are charitably inclined and advisors who advise families on how to best leave a lasting legacy. Stay connected:1) Questions? Comments? Media Inquiries? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | BlogEpisode 75: What Percentage of My Portfolio Should Be In Alternative Investments?
22:06|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1. Spending Money On Things Vs. Experiences2. This weeks quote is from Tony Robbins3. How much should I invest in “alts”?4. My husband and I love cars since; however, we also want to take the family to Israel for sukkos. Realistically, we can’t do both. Thoughts?5. I went to the best schools and have advanced. I’ve read tons of literature on investing, but I can't seem to get this investing thing right. Why can't I make money by investing?6. My son wants to go into wealth management, but has no interest in money. He enjoys investing, but doesn’t appreciate the finer things in life. Will this be a problem if he is trying to win business from high-net-worth families?7. Tim Walz's financial disclosures came out. What are your thoughts on his finances?8. A timely and actionable investment idea Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedInEpisode 74: IN FOCUS: “Estate Planning If You have Assets/Heirs In Israel"
58:44|Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics. Today, we will cover “Estate Planning If You have Assets/Heirs In Israel" featuring Avi Z. Kestenbaum, Partner at Long Island based Meltzer Lippe. Today’s show is a recording from session # 1 of the Yeshiva University & ParkBridge Estate Planning & Wealth Management Symposium. It will cover 1) Tax and estate issues with owning apartments and properties in Israel and in other countries. 2) U.S. trusts that have Israeli or foreign grantors, trustees or beneficiaries. 3) Foreign trusts that have U.S. beneficiaries or own U.S. assets. 4) Cross-border probate and estate tax issues. 5) Tax, compliance, and reporting issues with owning bank accounts and assets in Israel and other countries. 6) U.S. Gift and Estate Tax issues for foreigners Stay connected:1) Questions? Comments? Media Inquiries? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | BlogEpisode 73: Human Financial Advisor vs. Robo Advisor
18:01|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1. Importance of Investor Alpha2. Quote from JP Morgan.3. I’m retiring soon and want to maximize my income. Should I search for the highest paying stocks, bonds or funds? It seems to make sense, so I won’t need to touch the principle. 4. I’ve been in a bit of a rut since Covid. Any suggestions on rebuilding the financial part of my life? I’ve been feeling down for around 4 years at this point. 5. What surprises you most about the investment business? 6. How do I know if there is value in hiring a financial advisor vs a robo advisor? 7. What’s the purpose of a revocable trust if there is no tax benefit? Should I use one? 8. A timely and actionable investment idea Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedInEpisode 72: Paying For A Wedding When Machatanim Disagree
16:47|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1. Paying For A Wedding When Machatanim Disagree2. Quote from Dwight Eisenhower3. I’m genuinely terrified of a potential Harris' presidency. She has never run anything in her life and the main responsibility she has had as vice president was on border security, which she failed at miserably. Is there anything that gives you a sense of hope during these scary times?4. Pros and cons of having guaranteed income in retirement?5. My mom’s husband passed away. I heard she can claim her social security on his benefit? Does this make sense?6. Based on your investment philosophy, what return assumptions do you shoot for?7. SIGN-UP: Yeshiva University & ParkBridge: Tax, Estate, and Wealth Planning Symposium (3 CPE/CLE): 9/10 @ 8:30am on "Estate Planning for heirs in Israel", "Charitable giving & Jewish law", and "Florida tax planning strategies." Jonathan I. Shenkman will be moderating this program. Open to all! Registration & program agenda HERE. Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedInEpisode 71: Strategies For Getting Laid Off Before You’re Ready To Retire
21:03|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1. Strategies For Getting Laid Off Before You’re Ready To Retire.2. This week’s quote is from Benjamin Franklin.3. Thoughts on Kamala Harris’s personal finance disclosures. 4. What can I hold and not hold in an IRA account?5. Is it silly to buy a house with my girlfriend before we get married?6. Do you think it’s reasonable for a hedge fund to take 20% of my profits?7. I made 5% on my cash this year. My financial advisor said I was up around 6% half way through the year. My question is why would I take risk and invest in stocks and bonds when the return is only 1% or so better than a risk free money market account?8. Actionable idea9. SIGN-UP: Yeshiva University & ParkBridge: Tax, Estate, and Wealth Planning Symposium (3 CPE/CLE): 9/10 @ 8:30am on "Estate Planning for heirs in Israel", "Charitable giving & Jewish law", and "Florida tax planning strategies." Jonathan I. Shenkman will be moderating this program. Open to all! Registration & program agenda HERE. Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedInEpisode 70: Money Lessons From The Olympics
16:18|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1. Money Lessons From The Olympics2. This week’s quote is from Warren Buffett.3. I have a family member who is drowning in credit card debt. Thank god I make a good living and I’d like to help them, but I’d like to do so responsibly. How do I do that?4. I filled out a risk tolerance questionnaire with my advisor several years ago and it came out that I was aggressive. But my performance has not been that high even though I took a lot of risk. What do you think my advisor is doing wrong?5. I’m renting out a single family home in another state (across the country). I’m seriously debating selling the home and investing it in the market, but how do I calculate where I would get a better return? I don't want to make any rash decisions before determining where I’ll make more money. Is there an analysis you can do to determine the right move?6. I put most of my net worth in one investment. I was advised not to. Of course it went down by 70%. My advisor told me I should sell it and move on. What do you recommend?7. I handle our personal finances and my spouse has no clue about anything related to this matter. Is that acceptable?8. Actionable idea9. SIGN-UP: Yeshiva University & ParkBridge: Tax, Estate, and Wealth Planning Symposium (3 CPE/CLE): 9/10 @ 8:30am on "Estate Planning for heirs in Israel", "Charitable giving & Jewish law", and "Florida tax planning strategies." Jonathan I. Shenkman will be moderating this program. Open to all! Registration & program agenda HERE. Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedInEpisode 69: The Destruction of Wealth
19:11|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1. The Destruction of Wealth: Six Wealth Killers Every Investor Should Avoid2. This week’s quote is from Jeremy Siegel.3. How does Trump's assassination attempt impact my portfolio?4. I’m middle aged. What is an appropriate amount to spend on a birthday gift for my wife and how much should she spend on me?5. Thoughts on litigation finance?6. How would you recommend teaching young kids about money? 7. Is a vacation home a good investment?8. This week’s actionable idea! Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedInEpisode 68: How many pages should a financial plan be?
19:03|Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including: 1) Living Dangerously: A Theme For The Three Weeks And Investing2) Quote by Senecca on wealth.3) I don’t have enough money to buy a house in my current community, but can afford to move to an undesirable community. What do you recommend as the best course of action?4) The NASDAQ is up around 14%+ this year and I'm up a small fraction of that. Why is my portfolio lagging so much and should this be concerning?5) Given the likelihood of the Fed lowering rates by the end of the year, how should I reposition my portfolio?6) My advisor gave me a 30 page financial plan. How long should a financial plan be and what should it include?7) Advice for a spendthrift8) This week’s actionable idea! ***SIGN UP: Yeshiva University & ParkBridge Wealth Management: Tax, Estate, and Wealth Planning Symposium” (3 CPE/CLE*) on Tuesday, September 10th 2024 @ 8:30am-12:00pm. Registration & Program here. *** Stay connected:1) Questions? Comments? Reach out to Jonathan@ParkBridgeWealth.com2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter 3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn