Below you'll find a list of all posts that have been categorized as “Investing for Physicians”
As part of the process of losing a loved one, I’ve made myself available to help a widow get through the tedious and at times overwhelming process of dotting i’s and crossing t’s in ensuring the timely legal transfer of assets into her name. During this process, we had occasion to discuss finances in a fleeting fashion. She and her …
Dr. Jim Dahle (aka, the White Coat Investor) authored a famous 2014 post describing 150 Portfolios Better Than Yours. While an impressive feat, this is not terribly helpful to the newbie physician investor who just doesn’t want to screw things up while she figures things out. Social science and economics research have demonstrated that too many choices can increase anxiety, …
Dr. Jim Dahle, a.k.a. the White Coat Investor, is the hardest working and most entrepreneurial physician finance blogger in the space, and he’s developed an online course to spoon feed the financial GOMERs among us. As far as I’m concerned, every bit of help that weans us off the teat of Big Advisor is a welcome addition to old fashioned …
A funny thing happens when you commence your education in pursuit of financial independence. Without realizing it, you begin to view other areas of life through the lens of finance. The insights into non-financial life might pleasantly surprise you. After a family member’s prolonged illness, this morning was my first opportunity to paddle out for a winter swell. The surf …
As an undergraduate majoring in Human Biology at Stanford, I was fortunate to study under the wonderfully entertaining anthropologist-biologist Bill Durham, who lectured us on competing theories of evolution. He first described the long-dominant idea of gradualism, where minor adaptations accrue subtly over millennia to create slow, constant and consistent evolutionary changes over time. This idea was contested by supporters …
What’s a saver to do? We’ve invested early and often in our tax-deferred retirement accounts, and our goals for these accounts should be reached in the next couple of years. This leaves us to cover the more worrisome bridge period: that time after we quit our day jobs but before we can withdraw from our retirement accounts. What options are …
One of the challenges for a new investor is determining your risk tolerance, which is how aggressively to invest your savings. There are several considerations to factor into determining how much volatility you can handle – in this case volatility means what percent of stocks (vs. bonds) you feel comfortable owning in your asset allocation. 80/20 would be considered aggressive …
One of my favorite attendings in residency used to quip: “Don’t just do something, stand there!” This was said in the Emergency Department at UCLA, not exactly known as a place of passive observation in the face of chaos, but the underlying Hippocratic rationale was solid: unless your intervention is likely to help the patient, first do no harm. Strangely, …
Uber, the ride-sharing colossus, was recently highlighted in a New York Times article that left them looking like a diabolical Bond villain. Whether you regard Uber as a brilliant tech disrupter of the complacent taxi monopoly or an opportunistic lord abusing a new class of serfs, the provocatively titled article, “How Uber Uses Psychological Tricks to Push Its’ Drivers’ Buttons,” …
I was fortunate to live in the San Francisco Bay Area in the 1990s. As a product of Stanford and UCSF, and later an intern at Santa Clara Valley Medical Center, I was a witness to the dot com revolution (and the subsequent dot com bubble) that swept the nation. Revenge of the NerdsOn the Stanford campus, the Yahoo guys …