We have all heard that specialists in the medical field typically earn more than the generalists (a wage gap). According to the 2018 Medscape Physician Compensation Report the varying compensations are as follows: A typical generalist residency (such as pediatrics or internal medicine) is 3 years in length. Residency training in the […]
[FYI: For those viewers who have gotten accustomed to my Tues/Thurs/Sun posting schedule, I threw a monkey in the wrench when I put out a post yesterday describing a new feature I hope you find of great benefit in my blog. If you haven’t already, please check it out here] In my post, […]
Hopefully you have viewed my previous post on Personal Capital and, if you were not already a user, clicked on my banner and created an account (and if not, I hope you finally take the plunge after seeing all the benefits Personal Capital provides at your fingertips). The mission of this post […]
I recently posted an article called Portfolio Insurance on how to re-sequence a bad sequence of returns into a better sequence by holding some cash (2 years of planned annual withdrawal) in a risk free account. You re-sequence by rebalancing and living off the cash while the market recovers. It’s a relatively cheap […]
It is human nature to want to know where you stand in the world. Are you ahead, keeping even, or even worse, falling behind your cohort? That is why there are popular benchmarks to aim for regarding almost every aspect of life. In the financial world, the most important barometer is your […]
You may have come across the term, Golden Parachute (which seems odd because if you are jumping out of an airplane, a parachute composed of a heavy metal would not be my recommended descent aid of choice). However in the world of business, a Golden Parachute is something to strive for, […]
[Note: A version of this post has appeared on Millionaire Doc’s website when on May 1st, MD asked me if I wanted to do a guest post on alternative investing. My blog was only 8 days old at the time and I jumped at the opportunity to be on his website (still couldn’t […]
When you graduate into becoming a Capitalist, where your money works for you, there may be a point where you become classified as an Accredited Investor. There are strict criteria you have to meet before you can claim yourself as a member of this desirable club. You can qualify as an accredited […]
I friend of mine was talking about the bucket theory of portfolio management and asked me what I thought. I never really studied the “bucket theory”. Basically you own 3 buckets of money, risk free assets like T-bills, with 3-5 years of expected need, 5-15 years of moderate risk assets and 15+ years […]
Asset Allocation pertains to how you want to divide the total pie (your overall portfolio) with respect to the various asset classes you want to be invested in (i.e. how each class is weighted). There is no one golden Asset Allocation that is guaranteed to provide the best results. Again it comes […]
