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Financial Prescriptions >>>
One of the benefits of being an independent contractor is the type of retirement plan you set up. While many physicians have SEP IRAs, you should strongly consider setting up a solo 401(k).
It’s time to do some quality assurance on investment gurus and the financial media, so here are some more of the worst investment calls of last year.
It’s time to do some quality assurance on investment gurus and the financial media, so here are some of the worst investment calls of last year.
The stock market does not know its previous history, and its past sequence of returns isn’t going to shed any light on what it’s going to do in the immediate future.
The behavior of gamblers can be sort of similar to how people invest and what financial advisers do in investment portfolios. You can learn a lot just from observing a game of roulette.
Historically, the market always recovers from a significant downturn, but your decision about how to react to a downturn depends most on your particular situation and your age.
Fleeing the market during the downturn can have some disastrous consequences for your portfolio.
Psychologically you're tempted to do something in investing — usually this means selling when the stock market goes down. But it's incredibly difficult to know when to get back in.
The market volatility is worrisome, no doubt. But through discipline, diversification and understanding of how markets work, the ride can be made bearable.
Lately your investment portfolio has probably felt like one long string of bad events that you couldn't control.
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Author Bio
Setu Mazumdar, MD, is president of Lotus Wealth Solutions in Atlanta and a fee-only financial planner who works exclusively for physicians. He is also a board certified emergency medicine physician, who loves spending time with his family. Setu welcomes comments at setu@lotuswealthsolutions.com. You can also visit his website at www.lotuswealthsolutions.com, or call (404) 816-9555.Blog Information
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