Below you'll find a list of all posts that have been categorized as “Investing for Physicians”
Yesterday a friend approached me giddy with excitement. He’d rolled over his legacy retirement account from an old job into his new Vanguard account, and with that money he’d purchased thousands of dollars of total stock market and total bond market funds! Pushing the buy order made him feel like the most powerful man in the universe. I’ve been meeting …
Today’s guest post is a favorite by the Wall Street Physician, a radiation oncologist and fellow physician finance blogger whose prior experience as a trader at an investment bank has created a loyal following of docs that respect and admire his advice. If you enjoy this post, please head over to his website and dive into his recent writing! Take …
I recently posted about a friend whose wife had no tolerance for equity risk based on her negative prior experience watching her parents lose significant value on paper in the recession of 2008. Ubiquitous commenter extraordinaire Gasem (who wrote a highly-regarded guest post on home schooling for this site) noted the false dichotomy that equities connote risk while cash, bonds …
This morning started innocently enough. I purred awake in a cocoon of toasty sheets and rubbed the sleep from my eyes to find my wife sitting up in bed next to me, fully alert. When she gets excited about something, she can barely contain her enthusiasm. Having stalked her prey for maximum vulnerability, she unleashed a torrent of words at …
[Ed.: The following post was written by the Wall Street Physician, a radiation oncologist who was an investment bank trader in his former life. He addresses a point of great debate in the finance geek community: Are international stocks another valuable way to diversify, or a tax-inefficient bogeyman out to undermine your investing strategy? Smart people respectfully disagree. This post …
The following post contains affiliate links. If you sign up through this site, I stand to make a modest commission. For those of us interested in pursuing early Financial Independence, fundamental assumptions that hold true for the population at large are not necessarily true for physicians and other high-income professionals. I recently posted about how a friend challenged my assumptions …
[Ed. note: This post is best consumed in combination with the comments that follow. I consider it an important personal lesson in 1) tempering the investing piety (defined as accepting a particular investing philosophy with unthinking conventional reverence) that often accompanies a financial literacy conversion experience, and 2) hubris in expressing criticism toward the efforts of a fellow blogger. I …
Lately there’s a lot of talk among newbies on the Physicians On Fire facebook group about how they are tempted to practice market timing: hold onto their cash and strategically wait for a market downturn to invest on the dip. Given the famously poor relationship we docs have with our money, it’s evocative of the famous quote attributed to investor …
David Sedaris once wrote a piece about walking into a curio shop and seeing a large bowl filled with prosthetic glass eyes. He reaches into the bowl, grabs an eye and holds it up to his own. Then he sees a sign stating, “Please do not hold glass eye up to your own to pretend it is yours as the …
I use a Feedly account to follow ~50 blogs. 35 of them are physician finance blogs. The other 15 are FI/RE blogs. The vast majority of them espouse low cost index funds and eschew market timing in favor of long-term, buy and hold investing. Recently, an interesting facet of human behavioral psychology has repeatedly been surfacing in this slice of …