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How To Invest In A 401(k) Or 403(b) Plan (Intern Financial Survival Series)

Welcome to residency, new interns! Your formal schooling is complete, and you are now working for a real paycheck. While you will be supervised by your attendings during residency, you now have “adult” money things to worry about, like managing a paycheck and investing for retirement. As part of the Intern Financial Survival Series, let’s […]

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Optimizing Cashback and Travel Rewards (Intern Financial Survival Guide)

As new interns, you will finally be getting paid a paycheck after four years of spending tens of thousands of dollars on your medical school education. For many of you, residency will be the first significant paycheck of your lives. Since you are getting a fresh start with residency, you should look at your current […]

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This Is The First Number I Look At When Choosing Mutual Funds

Investing in mutual funds can be daunting for many new investors. There are literally thousands of mutual funds. When deciding among all of the choices, many new investors look straight to a fund’s past returns. This is a mistake. Past performance does not correlate with future returns. Every mutual fund advertisement says it in the […]

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Forum Mailbag: Mutual Fund Underperformance, Telemedicine, Bond Ratings, and More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, and Rockstar Finance. This is a roundup of my favorite discussions happening around the internet. 1. Bogleheads: Why Mutual Funds Underperform Question: Matjen posted an article from Bloomberg, “The Math behind Futility”. He was […]

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Choosing A Health Insurance Plan (Intern Financial Survival Guide)

The health insurance system is complicated. You spent four years in medical school, but you probably weren’t taught anything about how health insurance works. You know it’s complex, Obama changed it, and Trump wants to repeal and replace it. That’s about it. But you know nothing about how to buy insurance. Maybe your parents helped […]

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How The 2017 Stock Picks of Time, Fortune, and Forbes Have Done So Far (Q1 2017)

Every year, most of the popular finance (and non-finance) magazines will write articles making stock picks for the upcoming year. Inevitably, the article gets quickly forgotten once the ball drops on Times Square. I don’t know many people who actually follow these picks, but it always makes for good reading. Let’s look at the 2017 stock […]

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Building a Vanguard Three-Fund Portfolio (Or Other Simple Index Fund Portfolios)

[Welcome, Rockstar Finance readers! This article was featured on 4/12/17. If you’re new to the WSP community, I encourage you to start here! -WSP]. Investing doesn’t have to be complicated. I’ve spent nearly twenty years studying the financial markets. I majored in finance and worked as a trader at a major Wall Street investment bank. […]

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