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Basic Personal Finance and Investing

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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.

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References

  1. Gongloff M. Where are they now: the Beardstown ladies. 2006. https://www.wsj.com/articles/SB114596682916135186. Accessed 31 Jan 2019.

  2. 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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Author information

Authors and Affiliations

  1. Department of Medicine, Office of Admissions and Student Affairs, Tulane University School of Medicine, New Orleans, LA, USA

    Marc J. Kahn

  2. Tulane University School of Medicine, New Orleans, LA, USA

    Neil Baum

Authors
  1. Marc J. Kahn
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  2. Neil Baum
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Corresponding author

Correspondence to Marc J. Kahn .

Editor information

Editors and Affiliations

  1. Tulane University School of Medicine, New Orleans, LA, USA

    Neil Baum

  2. Tulane University School of Medicine, New Orleans, LA, USA

    Marc J. Kahn

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Kahn, M.J., Baum, N. (2020). Basic Personal Finance and Investing. In: Baum, N., Kahn, M. (eds) The Business Basics of Building and Managing a Healthcare Practice. Springer, Cham. https://doi.org/10.1007/978-3-030-27776-5_8

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  • DOI: https://doi.org/10.1007/978-3-030-27776-5_8

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-27775-8

  • Online ISBN: 978-3-030-27776-5

  • eBook Packages: MedicineMedicine (R0)

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