I strongly believe that clinical physicians do not have an edge on the rest of the market. Therefore, they should heed Warren Buffett’s advice — avoid picking individual stocks and invest in index funds. Nevertheless, some doctors do believe that they have an edge when it comes to investing in health care stocks. They think that just because they are a doctor, they are better trained to ...

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There are a lot of what-ifs in life. If only I had made that putt on 14, I could have shot my best score ever. If only I had taken a different job or performed better at the interview, I would be so much happier at my job. For decisions large and small, there are ample opportunities to second-guess yourself. I’m sure you have your own what-ifs when it comes to investing. If only I ...

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When I became interested in the financial markets many years ago, I spent many hours and days trying to devise ways to make money in the stock market. There are many ways that investors try to make money in the stock market, including:

  • Trying to find the next hot stock.
  • Finding a new trading strategy, based on charts or other strategies.
  • Picking the next hot fund manager.
  • Looking for an ...

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Doctors order a lot of tests. Let’s be clear, most of these tests are quite good and help with diagnosis and management. They can help hone down a wide differential diagnosis to a single diagnosis. Once a diagnosis is made, additional tests can help guide physicians on the best treatment. But there are some tests which are not necessary to order. In some scenarios, the next step in management (whether it be ...

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The savings rate in America is abysmal. As a result, many Americans rely on Social Security and pensions to fund their retirement. However, physicians would not be able to maintain their lifestyle on Social Security payments alone. And few physicians receive pensions from their employers. Therefore, they have to fund the majority of their retirement through savings. But how do you define savings rate? Let me count the ways. Do you use gross ...

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Every physician, especially those who work in oncology, have read their fair share of clinical trials. In order to advance the field of medicine, you need to test new drugs against the current best treatment, or the standard of care. Some trials succeed, and we make progress in our fight against cancer, or hypertension, or HIV. Some trials fail, and these new treatments are discarded. When designing a clinical trial, you need to ...

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It’s a question that reverberates in the minds of premeds around the country. If you have a choice between multiple medical schools, should you go to the cheapest medical school available, or should you go to the more prestigious, more expensive medical school? MD vs. DO vs. Caribbean I think it is worth the investment to go to a U.S. allopathic (MD) school if at all possible. It’s an unfair bias, because every medical ...

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We are now nine years into the current bull market, and the S&P 500 has risen over 300% from its March 2009 low. Unfortunately, there are some investors that have been left behind. They sold their stock in 2007-2008 and never got fully back into the stock market. For example, a reader on the Bogleheads forum recently posted this question: “I have had about $450k sitting in cash for too ...

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In the past, investors had to pay an actively-managed mutual fund to manage their money. The average actively-managed mutual fund charges about 1% of assets under management. Hedge funds typically charge 2% of assets and 20% of profits. And the worst of the worst mutual funds charge up to 3% or 4% of assets. Now, index funds can give you a diversified portfolio for less than 0.1%. One of the easiest and high-yield ways ...

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There are a lot of competing goals when you first get out of residency. You have hundreds of thousands of student loans to pay off. You need to build up your investment accounts, which lag far behind your college classmates who have been working for the past decade. You need to save up for a down payment for your dream home. If you have kids, you need to begin saving for their college educations. And of course, you’ve been living like ...

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