Investing Basics for Doctors
This is the third book in the Pillars of Wealth series. The first book in the series, "Personal Finance Essentials," covers all the major financial planning topics, with a single chapter dedicated to investing. This third book provides a deeper exploration of investing basics.
Proper personal financial planning involves numerous investing-related decisions. Doctors must make these decisions in their retirement plans, in their children’s 529 college savings plans, in the context of a home purchase, within brokerage accounts, and when considering buying into a private practice, to name a few.
This book demystifies the financial system and its participants, covers basic asset classes (stocks, bonds, real estate, cash), alternative asset classes (hedge funds, private equity, venture capital, commodities), the tradeoffs between risk and return, active vs. passive trading strategies, and addresses how to assemble an investment portfolio.
