This physician bailed on the stock market in 2008. What now?

Q. Should I get back into the stock market? I am 11 years out of residency and have made many of the mistakes you have listed on the site. The primary one was getting OUT of stocks entirely with the 2008 crash. Oi. Now I have all this cash and some bonds, and I want to reinvest, slowly, and think the market is overvalued.  I hate the thought of getting back into the market, then losing 20+% in the next correction. But also the market is going up up up! I’ve maxed all retirement accounts, including my SEP, most years–all the past 10 or so I think, but I’ve lost a lot of it. I’m in solo practice. But most of my cash is currently not in retirement accounts. I HATE financial advisors and want to do this asset allocation myself.  So far I’ve invested in Vanguard bond funds, REITs, and the rest is in cash right now–way too much to be just sitting around. Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs