Stop the Insanity Templeton, the father of two physicians, called the market run-up the biggest financial insanity in history. He calls for investors to return to basics find a trusted advisor, invest in companies with profits and low debt, and diversify your portfolio. He also believes that the current bear market could last 10 years. But remember that they made their fortunes on developing and maintaining basic principles. A proper diet, regular exercise, and annual physical checkups will do more to keep you healthy than any skills that I could bring to bear as a physician, my dad always says.
Every doctor has different financial perspectives, tolerances, and goals.
What I will recommend, however, is the development of a sound financial plan. Sadly, more than six of 10 doctors say that they have no defined investment strategy. Granted, they only serve as a guidepost. But it s as much as we could muster in these crazy times. Good luck, docs.