Investing Basics for Doctors
Proper personal financial planning involves numerous investing-related decisions. Doctors must make these decisions in their retirement plans, in their children’s 529 college savings plans, in the context of a home purchase, within brokerage accounts, and when considering buying into a private practice, to name a few.
This book demystifies the financial system and its participants, covers basic asset classes (stocks, bonds, real estate, cash), alternative asset classes (hedge funds, private equity, venture capital, commodities), the tradeoffs between risk and return, active vs. passive trading strategies, and addresses how to assemble an investment portfolio.
Table of Contents
Introduction Comment
What is Investing? Comment
Investing Involves Risk Comment
- What is Risk? Comment
- Some Investing-Related Risks We Face Comment
- Risk Tolerance Comment
- Wall Street Attitudes Comment
What Can I Invest In? Comment
- Cash & Equivalents Comment
- Investing in Individual Securities Comment
- Fractional Shares Comment
- Other Investment Assets Comment
Investing in Funds Comment
- Passive vs. Active Funds Comment
- Some Fund Terminology Comment
- Mutual Funds and Exchange Traded Funds (ETFs) Comment
- Real-Estate Investment Trusts (REITs) Comment
- Fund Fees Comment
- Finding Funds Comment
The Stock Market - Explained Comment
Passive Portfolio Step 1: Pick a Strategy Comment
Passive Portfolio Step 2: Allocate Assets Comment
- Asset Classes Comment
- Allocate Money to Asset Classes Comment
- How is Asset Allocation Calculated? Comment
Passive Portfolio Step 3: Select Securities Comment
- Equity Sub-Asset Classes Comment
- Bond Sub-Asset Classes Comment
- Real Estate Investing Using REITs Comment
- Highly Diversified ETFs & the 3-Fund Portfolio Comment
- A Word of Caution Regarding Fund Selection Comment
Passive Portfolio Step 4: Monitor & Rebalance Comment
Bond Ladders Comment
Investing in Real Estate Comment
- Pros and Cons of Real Estate Investing Comment
- Basic Considerations for Real Estate Investments Comment
- Crunching the Numbers Comment
- Keep Up with Changes Comment
- Real Estate “Empire-Building” Strategies Comment
- Property and Tenant Checklists Comment
Alternative Asset Classes Comment
- Accredited Investors Comment
- Venture Capital Comment
- Private Equity Comment
- Hedge Funds Comment
- Commodities Comment
- Derivatives Comment
- Distressed Securities and Vulture Investors Comment
Taxes Comment
- Income Sources and Investment Returns Comment
- Tax Rates and Deductions Comment
- Using Losses to Offset Income Comment