Below you'll find a list of all posts that have been categorized as “Investing for Physicians”
A couple of months ago, I agreed to a phone call with my Personal Capital advisor. I’m a huge fan of their free software, which breaks down asset allocation, investment fees, and expenses. I had a list of questions ready for the advisor, and was excited to get some feedback on my asset allocation. I was very candid about being …
Betterment Likes Piña Coladas and Getting Caught in the RainIt was a whirlwind romance. When I first heard of Betterment, I was in the throes of my personal finance conversion experience. The robo-advisor appeared on wings of angels to offer a panacea: they’d worry about optimizing asset allocation for a fraction of my current cost (fees of .35% – .15% …
One of my resolutions for 2017 is to bare more personal details, so in this spirit I’ll share my investor policy statement* for your perusal. Asset Allocation: 100 – (% in bonds) to be divided among stocks as follows: Domestic Equity (65%) International Equity (25%) Real Estate Investment Trusts (REITs) (10%) numbers rounded for simplicity 3-6 months’ expenses in Money …
Financial Ignorance, The Great Equalizer (3 Of 3)Ignorance Becomes Unaffordable Fast forward a decade. After my physician group institutes some changes that significantly improve our collective lifestyles, my work-life balance is restored and I am reading voraciously once again. In February 2016, an article in The New Yorker profiles Mr. Money Mustache. He and his wife, both software engineers, spent …
Financial Ignorance, The Great Equalizer (2 Of 3)Getting a Financial AdvisorIn 2005, I finished a two year fellowship in Boston; fell goofy in love with another physician; renounced the academic trajectory I’d been on; relocated with my girlfriend to a beach town in southern California; and accepted a job at a well-regarded community hospital. I had 80k in tax-sheltered accounts …
Financial Ignorance, The Great Equalizer (1 of 3)Financial ignorance makes no distinctions. Perhaps you were raised by doting, professional parents in a luxury home with a generous parental allowance that shielded you from ever having to think about money. Or conversely, like Jeremy at Go Curry Cracker, your single parent household was in sink or swim mode financially and your …