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Basic Personal Finance and Investing

  • Marc J. KahnEmail author
  • Neil Baum
Chapter

Abstract

Understanding basic personal finance and investment concepts is an important skill for physicians, who are in the top 5% of US wage earners. This chapter will discuss the concept of risk and reward and will discuss stocks, bonds, and derivatives. The importance of having a diversified portfolio will be discussed as will the concept of money.

Keywords

Investment Stocks Bonds Derivatives Diversification Personal finance 

References

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    Gongloff M. Where are they now: the Beardstown ladies. 2006. https://www.wsj.com/articles/SB114596682916135186. Accessed 31 Jan 2019.
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    Topstep Trader. How George Soros made $1 billion shorting the British pound. 2017. https://blog.topsteptrader.com/story-of-george-soros-breaking-the-bank-of-england. Accessed 31 Jan 2019.
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    Kahn MJ, Long HW. A real options approach to clinical faculty salary structure. J Health Care Finance. 2012;39:87–96.PubMedGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Department of Medicine, Office of Admissions and Student AffairsTulane University School of MedicineNew OrleansUSA
  2. 2.Tulane University School of MedicineNew OrleansUSA

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