LATEST ARTICLES

Do Published Trading Strategies Work?

When you browse finance-related websites, it doesn’t take long for you to see ads that claim that they can help you make money, fast. "I've...

How To Get Out Of A High Expense Ratio Portfolio

A common question from readers is what to do about an account that contains a bunch of high expense ratio mutual funds or individual...

Forum Mailbag: Minimizing Trading Fees, Non-Traditional Resident, Bitcoin, 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....

Bitcoin Rises To Another Record, Horrifying Economists And Financial Bloggers Everywhere

New York, NY -- Bitcoin rose to another record close today on strong demand from speculators and "investors" alike. The cryptocurrency, founded in 2009, has...

Harry Browne and the “Permanent Portfolio”

There are many ways to construct an investment portfolio. My preference is to have your core asset classes be U.S. stocks, international stocks, and...

A Trading Strategy with a 95% Win Rate? Run Away!

Some trading ads you see on the Internet may tout their trading strategies. They might make a pitch like the following: Use My Proven trading...

Should You Invest In Municipal Bonds?

Municipal bonds are attractive to investors, particularly high tax-bracket investors, because they are potentially exempt from federal and state income taxes. But my concern is...

Backtesting Is Finance’s Version of Retrospective Research

A lot of effort and money is spent looking for ways to make money in the stock market. While you can get perfectly good...

Forum Mailbag: 529s and Marriage, HELOC to Maximize Retirement Contributions, Dave Ramsey and Credit...

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....

How To Buy A Stock At Fidelity (with Screenshots)

We’re going to go really basic today, but even experienced investors might find a pearl or two in this post. In the past, I’ve been...

How To Choose The Right Target-Date Fund For You

Many physicians don't want to think too hard about investing. There are a lot more fun things to do in life than worry about...

Not All Index Funds Have Low Expense Ratios

Many of us take for granted that we should be paying next to nothing for our index funds. Vanguard, Fidelity, and Schwab offer great index...

How To Save For A Big Purchase

Most people's monthly spending is a series of recurring payments, like rent, food, and utilities. There are also some one-time purchases that might require...

Debunking The Mortgage Accelerator Program

Mortgage debt is the largest debt most people will ever hold. You want to pay off your mortgage quickly, but the standard mortgage term...

Forum Mailbag: Preparing For Bear Market, Feeling Poor, Remembering Past Financial Mistakes, 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....

15 Warren Buffett Quotes On Investing, Personal Finance, and Life

Warren Buffett is famous not only for his tremendous long-term success as an investor, but for his folksy, down-to-earth personality. He is so quotable,...

Wall Street Profiles: Donald Trump

In this sixth installment of my Wall Street Profiles series, I discuss the investment career of Donald Trump, real estate mogul and the 45th...

Tax Cuts? Why Not Raise Your “Taxes” Instead?

Donald Trump and Congressional Republicans recently released their long-anticipated tax bill, which offers tax cuts for the majority of Americans. I'm sure you are reading...

Health Savings Account (HSA) or Healthcare Flexible Savings Account (FSA)?

November is open enrollment season, and many physicians and residents are mulling over their health insurance options for the upcoming year. One of the major...

Retirement Planning Under Tax Law Uncertainty

Donald Trump and the Republicans will soon unveil their long-awaited tax proposal. It's expected that they will introduce cuts to business and individual income...

Forum Mailbag: Paying for Child’s Medical School, TD Ameritrade, 529 vs. Taxable, 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....

Save Money On Childcare With The Dependent Care Flexible Savings Account (FSA)

For many families, childcare is a major part of their household budgets. Some families spend several thousand dollars a month on childcare, depending on...

Does Your Asset Allocation Change As You Become Wealthier?

Investors should be wary about being too aggressive with the asset allocation early in their careers. As I wrote a few weeks back, many...

It’s Not What You Make, It’s What You Keep: Improving Your After-Tax Returns

One underrated aspect of personal finance is investing a tax-efficient manner. The role of taxes in investing is often overlooked, typically because everyone’s tax...

Market Skew: Another Cause For Investor Underperformance?

Studies have continually shown that the majority of market participants underperform the market. For example, in 2014, 86% of large-cap actively-managed mutual funds failed...

Schwab 1000 Index ETF (SCHK): A Review Of Schwab’s Newest ETF

Schwab, along with Vanguard and Fidelity, are the three leading providers of low-cost index funds to investors. Each offers many ETFs and index funds...

Forum Mailbag: September Effect, HSA Investments, Protecting Against Correction, 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....

Why You Shouldn’t Try To Be A Billionaire

A while back, Physician on FIRE discussed the dream of a $10 million dollar portfolio. It’s certainly doable, but for most physicians, the likelihood...

The Status Quo Bias in Personal Finance and Investing

For decades, economics and finance relied on a central assumption for its theories: that people acted in a rational manner. Most people knew that this...

A Look At The Coffeehouse Portfolio (Lazy Portfolios)

My favorite asset allocation uses a three-fund portfolio consisting of U.S. stocks, international stocks, and U.S. bonds. There are certainly other similar asset allocations...

The High Cost of Living In A HCOL Region

When I worked on Wall Street, I lived in the Financial District neighborhood on the southern tip of Manhattan. The Financial District is actually...

Bull Case vs. Bear Case: 4th Quarter 2017

It's really hard to predict the future. That's why I don't try to time the market and just buy a diversified set of low-cost...

Forum Mailbag: Value of Financial Advisors, Taxable Account Allocation, Keeping Life Insurance, 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....

Why Do Traders Underperform The Market?

Inevitably, every investor, especially those who enjoy reading personal finance blogs, will want to give trading a shot. I certainly tried my hand at...

Don’t Micromanage Your Investment Portfolio

Investing doesn’t have to be complicated. All it takes is an investment in three index funds to build a diversified portfolio at very low...

Psychology Versus Math In Personal Finance

Many personal finance questions boil down to a decision between psychology and math. When deciding between two options, you can run the numbers and...

In Search Of Low-Cost Active Management Mutual Funds

In the past, I’ve written about five of the most expensive mutual funds on Wall Street. These mutual funds all had expense ratios greater...

Is It Better To Use Cash Or Credit Cards For Purchases?

I put almost all of my purchases on my credit card. I use plastic even for tiny sub-$5 purchases. It’s convenient, I don’t have...

Forum Mailbag: Older FI Docs Not Retiring, 403(b) vs Taxable for Residents, Warren Buffet...

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....

Everybody Has A Plan Until They Get Punched In The Mouth: Mike Tyson And...

Asset allocation is one of the most important decisions an investor needs to make. To determine your mix of domestic stocks, international stocks, and...

What Is A Good Savings Rate For Retirement?

One of the most common questions graduating residents ask is how much they should be saving for retirement.  They are about to grow into...

Why It’s So Hard To Pick The Next Amazon

Amazon. Google. Starbucks. Tesla. In retrospect, it seems so easy to pick these winners. I’ve been shopping at Amazon for at least 15 years, and the...

What Is The Cheapest Way To Build A 3-Fund Portfolio In 2017?

The three-fund portfolio is one of the most popular ways to build a lazy index fund portfolio. By using just three index funds, you...

Why Young Investors Should Not Hope For A Bear Market

I am a fan of the ChooseFI podcast, and they recently had blogger and author JL Collins as a guest. He is the writer...

Forum Mailbag: No 401(k), Where To Park Emergency Fund, Moving From Saving To Spending,...

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....

Ten Tips To Save Big Money On Residency Interviews

Applying for residencies is extraordinarily expensive. A major contributor to the expense of applying for residency is the cost of traveling for interviews. Unlike...

The Dream Team Loses Big: The Fall of Long-Term Capital Management (Wall Street Profiles)

In this fifth installment of the Wall Street Profiles series, we look at the infamous Long-Term Capital Management (LTCM) hedge fund. It's been almost...

Aldi: Should You Shop At The Discount Grocer?

Founded in Germany, Aldi is taking America by storm by offering a great (but minimalist) shopping experience with lower prices than the regular supermarket....

The Hard Right Edge And A Market Timing Strategy Gone Awry

There is such an allure to looking at stock charts. The price jumps up and down, and our tendency to try to make patterns...

The Three-Fund Portfolio Using Schwab Index Funds / ETFs

The three-fund portfolio is one of the simplest ways to get a low-cost and diversified portfolio. I've previously described how to build a Vanguard three-fund...

Forum Mailbag: Disability Insurance For Interns, Exit Strategies, Fidelity vs. Citi Credit Card, And...

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....

The Child Tax Credit For Medical Residents

Many resident physicians will have children during residency, and you should be sure to get the tax credits and deductions you deserve for your...

Are You Saving Too Much? A Case For Loosening The Purse Strings

Most physicians save too little and spend too much, making it very difficult for them to save enough money for retirement. On the other hand,...

On Paper Gains and Paper Losses

The stock market has had a breathtaking run over the past 8 years. Since its low point in March 2009, when the S&P 500...

Race To The Bottom: Will The Price War Between Vanguard And Fidelity Lead To...

News came out in late July that Fidelity was again cutting expense ratios on their mutual funds. Vanguard responded emphatically in a conference call...

Understanding The Medicare Physician Payments Database

In an era of increasing transparency in medicine, the Centers for Medicaid and Medicaid Services (CMS) has been publishing data on payments to individual...

Forum Mailbag: Early Job Offer, Cost of Youth Sports, Domestic / International Rebalancing, And...

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....

Why Do Student Loans Have Low Interest Rates, But Credit Cards Have High Interest...

Most of us will hold debt at some point in our lives. Some forms of debt, such as student loans or mortgages, have relatively...

To Boost Happiness, Trade Your Money For Time

A major focus of this blog is to help improve your finances and increase your net worth through shrewd, but simple investing techniques. But...

A Simple Retirement Calculator For Physicians

Retirement planning can be made endlessly complicated with terminology and complicated spreadsheets. Many physicians get so intimidated by the alphabet soup of retirement planning that...

Are Emergency Funds Necessary For Physicians?

Emergency funds have been under fire recently. Once a bedrock principle of personal finance, the role of the emergency fund has evolved. Let's look...

How Much Bonds Should You Have In Your Portfolio?

Bonds have been getting a bad rap recently. Investors have been reducing their bond allocation for years as the stock market rises to new...

Forum Mailbag: Slaughtered Pigs Trading Adage, Finance Camp For Kids, Paying Cash Or Financing...

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....

How Many Of These Common Investing Mistakes Are You Making?

Through my years of following the markets, I’ve identified many mistakes that investors make again and again. Even experienced investors are prone to some...

Portfolio Rebalancing: Why, When, and How

Investing can be pretty simple -- just pick a few index funds and decide how much of each asset class (e.g. stocks, bonds) to...

The Bull Market Is Over (Or Is It?)

The stock market has had a breathtaking run over the past eight years. Since its low point in March 2009, when the S&P 500...

Decision Fatigue: Is There Such Thing As Too Many Choices?

Imagine you're at the grocery store on your way home from work to quickly grab some groceries before dinner. No big deal, should be...

The Hidden Sources Of Leverage In Your Portfolio

One of the most common questions in the personal finance community is whether to pay down low-interest debt or to invest the money in...

Forum Mailbag: Overspending Physicians, Using Emergency Funds, Buying a $2,000,000 Home, 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....

The Trinity University Study And The 4% Safe Withdrawal Rate (SWR)

The Trinity University study is one of the most widely-cited papers in retirement planning. Its key conclusion, that a fixed 4% withdrawal rate is...

How Have The 2017 Stock Picks of Time, Fortune, and Forbes Done This Year?...

We're now halfway through 2017, and it's time to see how the stock picks of some of the leading popular finance publications (Time, Fortune,...

Primary Care Physicians vs. Specialists: The Impact of Fees

With rising tuition prices, people are starting to ask whether it's still worth it to be a physician. In fact, I was asked last...

Is It Worth It To Shop At Costco?

People either love or hate Costco. Those that love Costco enjoy the experience of pushing those oversized carts around the wide aisles, enjoying free samples...

Should You Invest in the S&P 500 or the Total Stock Market?

The backbone of any three-fund portfolio is a U.S. stock market index fund. The two most common stock funds are the S&P 500 and...

Forum Mailbag: Dave Ramsey’s Advice To Residents, Tilt Away From Healthcare, Modeling Inflation, and...

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....

Should You Invest In A Bad 401(k) With High Fees?

Everyone knows the benefits of investing in a 401(k). You get that upfront tax deduction and tax-deferred growth on your investments. However, unlike in...

Why Jim Cramer Is Wrong About Doing Your Homework

When I worked on Wall Street, CNBC played on the TVs around the trading floor. Most of the traders were gone by 5:30 pm,...

What Should Be Your International Stock Allocation?

Don’t put all your eggs in one basket. You’ve probably heard many people tell you this, from your mom to Jim Cramer to folks writing on...

Ten Tips To Save Money On Medical Student Away Rotations

Summertime is high-season for away rotations. After the grueling gauntlet of required 3rd year rotations, many medical students welcome the beginning of the 4th year, when...

To Win the Savings Race, Don’t Pace Yourself

I ran my first and only half-marathon the year before I started medical school. It was a small half-marathon in Queens, and my goal...

Forum Mailbag: Million Dollar Doctors, Fear of Missing Out, Writing Options, 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....

Wall Street Profiles: Raj Rajaratnam, Galleon Group

In this fourth installment of my Wall Street Profiles series, I profile Raj Rajaratnam, the billionaire hedge fund manager at Galleon Group who was...

Three-Fund Portfolios Using Fidelity Index Funds

One of the most popular posts on the blog so far has been my article describing how you can build simple index fund portfolios,...

YOLO: Financial Independence and the CDC Life Tables

Early retirement is on the minds of many in the physician finance community. There are many good reasons to retire early, and one reason...

TopCashback Review: Save Money On Everyday Online Purchases

One of my favorite ways to save money on online purchases is through shopping portals. By clicking on a referral link to your favorite...

Budgeting As A Resident (Intern Financial Survival Guide)

Budgeting is an important aspect of any resident’s finances. You're making your first paycheck, and now you have to put that money to work...

Forum Mailbag: Most Lucrative Specialties Over Time, Bob Veres, Avocado Toast, 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....

Real Chart or Fake Chart: Quiz Answers and Results!

Thank you to everyone who took the quiz last week, which tested your ability to distinguish between real charts of S&P 500 companies and...

Worst of the Worst: A Look at Five of the Most Expensive Mutual Funds...

As most regular readers know, I am a huge advocate of low-cost index funds. The best portfolio for most investors is a three-fund portfolio. But...

Is There Too Much Money In Index Funds?

Are index funds growing too quickly? The finance community has been fiercely debating this question over the past few years. They worry that too much...

Readers, Take The Quiz: Real Chart or Fake Chart?

I wrote a guest post on White Coat Investor arguing that technical analysis is simply creating patterns from random stock movements. I used to...

Guest Post on the White Coat Investor Blog Today

The White Coat Investor blog published my guest post this morning, Technical Analysis: How to Interpret Randomness. I describe my personal experience with technical...

Forum Mailbag: Ethics of FIRE for Physicians, Paying for Med School with a 529,...

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....

The Benefits of Simplicity in Personal Finance

Personal finance and investing doesn’t need to be complicated. You can get 90% of the results in personal finance with 10% of the effort. Filling...

A 15% Yield Does Not Equal A 15% Return: A Cautionary Note About High-Yield...

Many new investors are attracted by the interest rates offered by high-yield bonds. With the advent of peer-to-peer loan marketplaces, investors can lend money...

How Much Do Doctors Make? Takeaways from Doximity’s First Annual Physician Compensation Report

Physicians and non-physicians alike are curious about doctors' salaries. Information on physician salaries is scattered, with the MGMA survey being the most widely-cited compensation survey....

The 10 Best Quotes from Warren Buffett’s 2016 Berkshire Hathaway Annual Letter

Warren Buffett writes an annual letter to his Berkshire Hathaway shareholders. In addition to relatively dry descriptions of the conglomerate’s financial results, Buffett adds...

Invest Like A Yalie: The Model Portfolio of David Swensen, Investment Manager of the...

With over $25 billion dollars under management, the Yale endowment is the second largest college endowment in the world (Harvard is #1). It wasn’t...

Forum Mailbag: Quitting Med School, Selling in May, Betterment and Roth IRAs, 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....

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...

Welcome, KevinMD Readers!

I wrote an article for KevinMD that was published today on their blog. For the regular readers of the WSP blog, I encourage you...

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...

Wall Street Profiles: Carl Icahn

In this third installment of my recurring series on famous Wall Street investors (I have previously written about Jim Simons of Renaissance Technologies and...

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...

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....

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....

How The 2017 Stock Picks of Time, Fortune, and Forbes Have Done So Far...

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...

Do Not Be Fearful Of The Fed Rate Hikes, Keep Your Bonds

The Federal Reserve has been increasing interest rates over the past 6 months. Because of this, a lot of investors are getting nervous about...

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

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...

How Valuable is a 401(k)?

The centerpiece of any financial plan for retirement is the use of tax-advantaged investment accounts. The most well-known retirement account is the 401(k). While...

Forum Mailbag: Bond Asset Allocation, Med Students and Primary Care, Growth Tilt, 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....

Picking Stocks Is Like Being an NFL or MLB GM

I love sports. I suspect many of you do as well. I enjoy watching, reading, and talking sports. In sports, you can't win without...

Moving Expenses Tax Deduction For Graduating Medical Students / New Residents

As they graduate from medical school in the coming months, medical students from around the country will be moving to new locations. Moving can...

Forum Mailbag: Leverage, Long Wave Investing, Market Timing, 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....

PCP vs. Specialists: The Impact Of Short-Term vs. Long-Term Trading

For better or for worse, there is a wide range in salaries between primary care physicians compared to surgeons and other specialists. Some of...

Wall Street Profiles: Bill Miller, Legg Mason Value Trust

In this second installment of my recurring series on famous Wall Street investors, I profile Bill Miller, the former manager of the Legg Mason...

Forum Mailbag: Fellowships, Disability Insurance, Addicted To Saving, And More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

Match Day: Beginning the Transition from Medical School to Residency

March 17, 2017 is Match Day for tens of thousands of medical students in the United States. Physicians know Match Day well as the...

How Wall Street Is Like A Game of High-Stakes Poker

. I love a good game of poker. I fondly remember the evening poker games I played in college. I even went to the local...

Forum Mailbag: Warren Buffett, Bond Funds, Basic Fidelity Portfolios, And More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

The Warren Buffett Bet: S&P 500 versus Hedge Funds

In 2007, Warren Buffett made a $1,000,000 bet with the hedge fund manager Protege Partners that the S&P 500 would perform better than a...

Saver’s Credit for Medical Residents

Medical residents are always looking for ways to save taxes. The Saver's Credit is a way to save some money on taxes while getting...

Forum Mailbag: Investing Diary, Kids And Med School, Stock Bubbles, And More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

Investment Returns Will Determine Your Financial Future

I love spreadsheets. Microsoft Excel was one of my favorite pieces of software when I was working on Wall Street, along with my Bloomberg...

Dollar Cost Averaging vs Lump Sum Investing

When I worked on Wall Street, Valentine’s Day was one of the best days of the year. Not because of the chocolates or the...

Forum Mailbag: Timeshares, Emergency Fund Asset Allocation, Job Decisions, and More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

Why I Don’t Read Daily Market Wraps

The front page of most financial websites (Bloomberg, Wall Street Journal, CNBC, etc.) will usually have an article recapping the day's market action. I don't...

Should You Save For Your Child’s Graduate School?

For most physicians, it is a given that they will pay for their children's college education. Most physicians should not have to sacrifice their...

Forum Mailbag: 529 Allocation, Schwab, Newborn Whole Life, And More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

Do A “Financial Fellowship” After Residency

Every internal medicine resident has to decide in the middle of their residency whether to go into primary care or become a specialist. This...

How Do Stock Options Work? Part 2: Common Options Strategies

Stock options can be confusing to many investors because they can be used to make bets on a wide variety of market outcomes. They have...

Forum Mailbag: 529 Plans, FIRE MDs, HSA Investment Options, and More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

CamelCamelCamel Review: Save Money on Amazon Purchases

I purchase a lot of things on Amazon. I suspect a lot of my readers do as well. I like to use price tracking...

How Do Stock Options Work? Part 1: The Basics

Stock options have been marketed as portfolio insurance, a way to turbocharge returns, or a way to make money no matter which way the...

Wall Street Deals [DEAL GONE]: H&R Block 2016 Deluxe + State for $18.99

H&R Block 2016 Deluxe + State is now only $18.99 on Amazon. This is the software that I use for my taxes. Sales on...

Forum Mailbag: Trump, Betterment, Financial Advice in Two Words, and More!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

Wall Street Profiles: Jim Simons, Renaissance Technologies

. This is the first of what hopefully will be a recurring series of profiles of Wall Street traders, examining their lives, trading careers, and...

Did You Beat The S&P 500 Last Year?

Everyone loves to compare. Physicians are especially prone to comparing themselves to others. After every medical school exam, the first question out of most...

Forum Mailbag: Dow 20,000, Financially Savvy Physicians, Ethical Index Fund Investing, and more!

There is so much great information on personal finance forums. I regularly participate on several message boards, including Bogleheads, White Coat Investor, Mr. Money...

The Traditional vs. Roth Decision for Medical Residents

Many residents are eager to begin saving for retirement during residency. Often, they will have a choice between traditional and Roth retirement accounts. Deciding...

Why Invest?

For many physicians, the decision to invest in the stock market is very easy. They understand the benefits and are reaping the rewards. For...

How to Make Money Off Of Donald Trump’s Tweets

Donald Trump was inaugurated as the 45th president of the United States on January 20, 2017. No matter how you feel about his political...

If You Must Trade, Follow These Five Rules

It might surprise readers given my background as a former Wall Street trader, but I do not recommend short-term trading. You are unlikely to...

Statistically Significant, Clinically (or Financially) Insignificant

There is so much to learn about the nuances of different investment accounts, asset classes, and savings techniques. But once you know the basics,...

8 Reasons Why You Should Not Trade

Every physician investor has at one time or another considered trying their hand at trading. Maybe their friends work on Wall Street, or they...

Pick Your Taxable Account Allocation Wisely

As you probably know, I am a proponent of using index funds for all of your accounts, including your taxable account. But with so...

Tax Gain Harvesting

The standard advice for most investors, including nearly all attendings, is to take advantage of tax-loss harvesting opportunities. You harvest losses and take deductions...

Three-Fund vs. Target-Date Fund Portfolios

I am a huge proponent of the three-fund portfolio for investing. In fact, my asset allocation matches that of the Fidelity target-date funds. So...

How often do you check your investments?

I'll admit, I check my investments way more than I need to. Checking the stock market is a form of procrastination, along with Facebook...

Welcome!

Hi! I am the Wall Street Physician. In a previous life, I worked on Wall Street as a trader at an investment bank. Now...