Where’s the Party?
The surge in stock prices around the world in the first quarter serves as a reminder that predicting market trends can be a frustrating business. Six months ago, the outlook for stock prices appeared...
View ArticleA Failed Experiment
Thanks to Weston Wellington at Dimensional Fund Advisors for this interesting post. Joe Nocera is a bright guy. Over the course of a lengthy career, the former Fortune executive editor has won numerous...
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The Cost of Safety – Thinking about Risk and Reward
Investors are now so risk averse they are willing to pay the German government to look after their money; not a risk-free return, but a return-free risk. Yields on two-year German notes sank to an...
View ArticlePhysician Investment Quiz
Question: The twenty-two prominent firms listed below share a common characteristic. What is it? AT&T Inc. Abbott Laboratories Allstate Corp. Altria Group Amgen Inc. Berkshire Hathaway ‘A’...
View ArticleThe Top Ten Physician Money Excuses
Physicians, like all human beings, have an astounding facility for self-deception when it comes to their own money. We tend to rationalize our own fears. So instead of just recognizing how we feel and...
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Balancing Physician Fixed Income Decisions
Fixed income can play an important role in a portfolio. But its role may vary according to a physician investor’s financial needs and concerns. For example, many physician investors look to fixed...
View ArticlePhysician investments shouldn’t be based on current events
The holiday season encourages media retrospectives about financial markets. It’s fun to match these up with what people were saying a year before. In December 2011, Barron’s told investors to “buckle...
View Article2012: The Year It Didn’t Happen
Judging by the headlines in the financial press, investors spent much of the past year anxiously awaiting one calamity after another that failed to occur. The plunge off the so-called fiscal cliff was...
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2012 Review: Economy & Markets
Throughout 2012, nervous investors did not have to look hard for reasons to avoid the financial markets. The daily headlines provided abundant gloom to feed their doubts, but investors who acted on...
View ArticleCumulative Wealth Records were Broken in 2012
It took nearly 4½ years, but the cumulative wealth of an S&P 500 strategy with dividends reinvested finally reached an all-time record (measured on a month-end basis) in March 2012, and finished...
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