Basic Personal Finance and Investing

  • Marc J. KahnEmail author
  • Neil Baum


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.


Investment Stocks Bonds Derivatives Diversification Personal finance 


  1. 1.
    Gongloff M. Where are they now: the Beardstown ladies. 2006. Accessed 31 Jan 2019.
  2. 2.
    Topstep Trader. How George Soros made $1 billion shorting the British pound. 2017. Accessed 31 Jan 2019.
  3. 3.
    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

Personalised recommendations