She leaned in and whispered, “If you want the good stuff … you really need to go to … Brazil.” I was speaking to the ‘Queen’ of global financial education: Elaine Kempson, from Bristol University. She was telling me about a groundbreaking school money program in Brazil that she urged me to see for myself….
Individual Disability Insurance: Back to the Basics (And Beyond)
[Editor’s Note: Today is the last of our five 2019 WCI Scholarship sponsored posts. It comes to us from long-time scholarship supporter Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF of Physician Financial Services. I recently had the opportunity to chat on the phone again with Larry and am always impressed with his desire to…
Mutual Fund Expenses — Back to Basics
[Editor’s Note: With investing you get what you don’t pay for. The impact on your portfolio from Mutual fund expenses and fees can be significant. Now a Tuesday Classic, this post discusses six types of mutual fund expenses you should try to eliminate or greatly reduce.] Jack Bogle is perhaps the biggest critic of the…
Why Talking About Individual Stocks (and Sectors) Makes You Look Dumb
I occasionally see questions on internet forums, including the WCI Forum, the Facebook Group, the Subreddit, and comments on blog posts that are well-intentioned but reflect a lack of understanding regarding some of the fundamental principles of investing in the stock market. It can be difficult to make a quick reply (much less actually answer…
Is Physician Wealth a Feeling or a Number?
[Editor’s Note: I’ve written before that feeling wealthy can be different from actually being wealthy. Today, Passive Income MD talks about feeling wealthy. While a high income helps, a high net worth likely helps more. By the way, if you want to meet PIMD and I in LA on October 26th, sign-up for his Real…
Quantifying the “Pediatrics Opportunity Cost”
Pediatrics sometimes becomes the “whipping boy” in the physician financial blogosphere. When people want to use an example of a doc on the low range of the income scale, they reach for a pediatrician despite family docs and internists having similar incomes and some docs (occupational medicine, public health, preventative medicine, military medicine etc) having…
How to Rebalance Your Portfolio – Podcast #125
Podcast #125 Show Notes: How to Rebalance Your Portfolio One listener asked about how to rebalance his portfolio. A lot of people still get confused about this. He said rather than sell from the oversized asset, and transfer the proceeds to the undersized one, he has always just invested additional funds out of pocket and…
10 Ways to Slash S-Corp Taxes
[Editor’s Note: Today’s Platinum Level Scholarship Sponsored post comes from Alexis Gallati, EA, MBA, MS Tax, CTP, and Founder/Lead Tax Strategist of Cerebral Tax Advisors (formerly Gallati Tax). Alexis grew up in a family of physicians, married a physician, and focuses her expertise on tax planning and maintenance for physicians. Thank for your supporting those…
6 Things To Do In A Bear Market
[Editor’s Note: This post, originally published in 2016 as one of my columns at MDMag.com is all about what you should do in a bear market. When I wrote it I wasn’t really sure where the markets would be at when the post was published the first time, much less this time. But since you…
The next big thing
I like to think of myself as a ‘young mover and shaker’. Truthfully, though, the only thing about me that still moves and shakes these days is my belly (damn you ‘dad bod’!). In the same way, Nimble likes to refer to itself as a ‘fintech disruptor’. It gives Nimble a sort of … mover…