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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with issues investors encounter.
Anyone who has been investing for more than a few years have made some mistakes that they wish they could take back.
I am certainly no exception and have had my share of investing faux pas.
Well I am not alone in the physician personal finance blogosphere that have made investor errors.
Physician on FIRE is kind enough to reveal some of the mistakes he made in, “My Investing Mistakes: Misadventures in Stock Picking and Tax Loss Harvesting.”
Most physicians go through decades of training without a single course in finance.
So it makes sense that a lot of docs make financial mistakes left and right.
Not to be outdone by Physician On Fire, Physician Finance Basics shares, “My Stupid Doctor Financial Mistakes.”
Most things in life go smoother if we find ourselves not having to re-invent the wheel.
If you want to be successful why not see what successful people have done and emulate them?
ESI has a treasure trove of data from his Millionaire Interviews and compiled it to guide your way in, “What We’ve Learned from 200 Millionaire Interviews.”
Want to join the 3-comma club and be eligible for an interview by ESI?
It may seem daunting, especially if you find yourself barely qualifying for the 1 comma club.
Fear not, Debt Free Dr. gives you some pointers in, “How To Become A Millionaire From Nothing (5 Steps).”
In the past, the traditional investment advice was to add more bonds to your portfolio as you age.
But back in the day the interest rates were much higher, often over 5%, that made this strategy sound.
But what about now?
With interest rates near zero, or even below zero in some countries, bonds may not be able to provide enough return to support retirement.
FI Physician shares some other options in, “Best Bond Alternatives and Bond Fund Alternatives.”
Hope you enjoyed the reading material.
Have a great rest of the week.
Note:
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Thank you for the mention, Xrayvsn! I’m not proud of those mistakes but in hindsight, they played an important role in shaping who I am today.
Certainly easier to get into the multi-comma club if one can skirt those mistakes.
Best,
PFB
You are preaching to the choir. I am the poster boy for financial mistakes that set me back a decade or so. Definitely made me a smarter investor and I have reaped more than I lost