Physicians must keep a close eye on their financial advisors

Many doctors don’t want anything to do with investing money. They feel investing is not what they were trained to do and therefore a waste of their valuable time. I think this attitude gets some doctors into trouble. It is true that our time is best spent in our main area of training, but it’s very important for us to also have an adequate knowledge of investing. Being somewhat familiar with investing can help prevent us from being taken advantage of. Doctors are, in general, an “easy mark” for people in the financial world. We are assumed to have a lot of money and are willing to invest in anything without taking time to understand the investment. It doesn’t have to be that way. With about the same amount of effort as learning the Krebs cycle, we can learn the basics of the financial world. 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