Your Investments: Get ready for retirement and admit your mistakes

I’ve written about this previously, that Britain’s late chief rabbi Lord Jonathan Sacks, in his weekly article on the Torah portion, wrote about “The Courage to Admit Mistakes.” He wrote: “Some years ago I was visited by the then-American ambassador to the Court of St James, Philip Lader. He told me of a fascinating project […]

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Your Taxes: How to know if you are still an Israeli resident

The government published a draft bill this week which proposes to clarify who is a resident for Israeli tax purposes. This is not the same as citizenship, religion or national insurance status. The bill would be especially important to tourists who spend lengthy periods in Israel and anyone who relocates abroad from Israel for work/family […]

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Morgan Stanley lowers Israel’s credit rating, Moody’s to announce change

On Tuesday Israel’s sovereign credit rating was lowered by credit rating agency Morgan Stanley, and a special report on Israel’s economy is expected to be announced late Tuesday night, following the Knesset’s vote to pass the first law of its controversial judicial reform on Monday. Morgan Stanley updated Israel’s sovereign credit to a “dislike stance,” […]

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Isracard launches rechargeable card to help young people manage expenses

Isracard credit card is reaching out to teens and young adults by launching a digitally loaded card called Netanchik. The card allows transactions up to NIS 1,000 at a time and can be recharged up to a maximum amount of NIS 4,000 per month.  The card can be integrated into a digital wallet, and its […]

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Your Taces: Israeli accounting bodies should shake up these matters

The Institute of Certified Public Accountants in Israel has just published a report on how to improve the regulation of the Israeli accounting profession. The undated report was prepared by the Public Expert Committee for Regulating the Israeli Accounting Profession. The Institute of CPAs report follows an accounting scandal in Australia in which a global […]

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7 Streams of Income of Millionaires (According to IRS)

In a remarkable feat of financial prowess, a 28-year-old individual has shattered traditional notions of wealth accumulation. By strategically harnessing the power of multiple income streams, this trailblazer has managed to generate an astounding $189,000 a year while working fewer than 4 days a week. As the rest of us marvel at their achievements, it’s […]

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The global economy is in a difficult place, World Bank chief says

The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the world economy is in […]

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