Rebalancing — The 5/25 Rule
Does your investing plan include how and when to rebalance your portfolio? Consider the 5/25 rule as part of your risk management strategy.
Does your investing plan include how and when to rebalance your portfolio? Consider the 5/25 rule as part of your risk management strategy.
Uncompensated investment risk doesn't increase, and may even decrease your expected return. Avoid it through diversification.
Dynasty Trusts Some very wealthy folks (or probably their lawyers) figured out that if each generation leaves its money to its grandkids or great-grand kids instead of their children, then much estate...
The next time you hear an advisor's sales pitch, ask yourself if you're hiring a trained professional like a doctor, or someone like a very expensive house cleaner.
This is the fourth in a series on disability insurance. Previous posts can be found here. This post will discuss the riders on a policy frequently considered by physicians. Remember when faced with...
When doctors don't talk about money they end up making the same dumb mistakes. Stop the cycle and learn from others to avoid the biggest financial mistakes.
I was going through my email today when I found one from McGraw-Hill for a book sale they're having for new residency graduates. An excerpt of the ad is found below: I'm not sure what I did to piss o...
Asset protection is the process by which you protect the financial assets you have worked so hard for from being taken away from you by creditors of various types. This may be someone suing you, someo...
There was a recent discussion in the blogosphere and on internet forums about whether docs are better served by an adviser who specializes in physicians. I summarize the discussion below. Rick Ferri,...
The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." If you're earning like an attending, but spending like a resident, you will become very wealthy, very fast.
Doctors have to be thrifty too. It doesn't matter how much money you make, you can always spend more.