In our previous article and video, What is Evidence-Based Investing?, we summarized three principles of Evidence-Based Investing. Those principles include: Passive > Active Global diversification Factors can increase expected return This article goes into more...
One principle of Evidence-Based Investing is Global Diversification. Diversification means you don't have all your eggs in one basket. This means owning thousands of stocks (likely in the form of mutual funds or ETFs), as opposed to owning a handful of individual...
There are two main ways that fund companies approach investing: active and passive. Active managers hire an expensive research team to pick if Coke or Pepsi will do better. In this way, they hope to "beat the market." Passive managers just buy Coke and Pepsi. Lower...
This is a comprehensive resource guide covering all the key areas of financial planning for emergency physicians. This post, and all of ER Doc Finance, is dedicated to helping you cut through the noise (most of our articles can be read in less than 5 minutes). Don't...
In this short video (<3 min) I cover three main principles of evidence-based investing. In his book The One-Page Financial Plan, author Carl Richards provides a great anecdote that explains the concept of evidence based investing. "A friend who also happens to be a...
One of the most common questions we get from our clients is "Should I pay off debt or invest?" When you become an attending physician, you're finally at the point where you have some excess cash at the end of the month, and you want to make sure you're using it...
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