Wise Money Israel is often asked if U.S. IRA funds can be used to invest in Israel without taking them out early and incurring a penalty to do so. The answer is yes, this can be done, using a self-directed IRA (Individual Retirement Account), with or without an LLC (Limited Liability …
Why This U.S. Stock Broker Invests in Israel
Why does this former American stock broker invest half his savings in Israel? We sat down recently with Paul, a successful U.S. businessman and former licensed stock broker to learn why and how he is investing in Israel. Here’s what he said: Evan: Hello, welcome back to Wise Money Israel’s …
Capital Controls? No International Wires
JPMorgan Chase, the largest U.S. bank, has sent letters to businesses outlining new policies that can drastically change how you operate. Certain businesses will no longer be able wire funds outside of the borders of the U.S. Have capital controls in the United States begun? Also, business customers with Chase BusinessSelect Checking and Chase …
Why We All Should Be Wary of Banks
Once, your local bank was considered the bastion of security: the safest place to hold your assets. But things have changed. Here’s an article we found particularly interesting on the topic, reprinted from The Franklin Prosperity Report in September, 2013 by Sean Hyman, the Senior Financial Editor of the Ultimate Wealth Report. I’ll …
Donald Trump to U.S. – “You’re fired!”
Billionaire developer and potential presidential candidate Donald Trump warned that trouble looms for the U.S. economy. He also predicts the price of gold will continue to climb because Americans have no confidence in President Barack Obama. In an interview with Newsmax.TV, Trump, who considers himself a “big fan of Israel”, …
Investing in Israel: Top Three Reasons
There are many good reasons to invest in Israel, including currency diversification, economic strength and impressive performance. In today’s fluctuating markets, there are many reasons to invest in Israeli stocks or bonds via an Israeli brokerage account from anywhere in the world.
IBI Ranked “Best Broker” For Second Year
IBI Brokerage and Investments Ltd. is again Israel’s preferred broker, according to the second “Globes” annual survey of brokerages. 2012 was a difficult year for investment houses, which had to deal with falling profits. Nonetheless, the industry’s powerhouses held their own. The “Globes” brokerage survey found that IBI Brokerage won 60% …
Israeli Investment House CEO’s Perspective
Wise Money Israel recently sat down with Ran Amitai, CEO at Tel Aviv investment firm Vineyards Capital Market (where WMI’s founder works) regarding his investment recommendations for the current Israeli capital market. Question: Ran, what are market conditions like now in the Israeli capital market? Ran: The capital market is doing well in …
Making Money From a Strong Shekel
Wise Money Israel recently interviewed the Zury Ilan, Chief Analyst at Vineyards Capital Market (where WMI’s founder works) regarding the future value of the Israel currency: the shekel. According to Mr. Ilan, the correct economic value of the shekel is 3.5 shekels for $1 USD. The current exchange rate is …
Earn Shekels: Cash In IRA Before Fiscal Cliff
Many Americans, and investors around the world, are watching anxiously this week to see what the U.S. Congress will do (or not do) to save the U.S. economy and taxpayers from the “fiscal cliff”. If new legislation is not enacted by December 31, 2012, taxes for all Americans will automatically …