As physicians, we have spent countless hours gaining knowledge in how the human body progresses throughout its life cycle, from birth to death. There are expected milestones to be achieved during our early development as well as certain expected declines with advancing age. There are various stages in an individual’s personal finance that […]
Physicians, as a whole, tend to be quite altruistic, putting others ahead of themselves often. Ensuring the financial well being of your loved ones in case something happens to you scores very high on the altruistic scale in my opinion. We all know that if we have loved ones who depend on us […]
Webster’s dictionary defines Arbitrage as: The nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies. The purchase of the stock of a takeover target especially with a view to selling it profitably to the raider. The financial blog community has cleverly […]
Let’s face it. Money is money. Yet there is one type of money that brings a smile to my face more than any other: Money gained from Passive Income. Passive income, as touched on in my Become A Capitalist Not A Laborer and The Capitalist Snowball posts, is a self-sufficient income stream […]
In 2008-2009 Bernie Madoff made headlines throughout the financial world when his wealth management business, Bernard L. Madoff, Investment Securities, LLC was discovered to have defrauded investors of billions and billions of dollars (estimates ranged from 18 billion to as high as 65 billion dollars, although $20 billion dollars stolen appears to be […]
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 […]
