The Physician's Guide to Investing: A Practical Approach to Building Wealth

by Robert M. Doroghazi

In The Physician's Guide to A Practical Approach to Building Wealth, a successful physician/investor and a professor of finance join forces to present an easy-to-read, commonsense guide to investing tailored to the needs of medical students and physicians of all ages and disciplines. Giving simple, practical advice on how health professionals can manage and invest their money, the book covers all general aspects of investing and financial planning, with the ultimate long-term goal of attaining financial security. Physicians will quickly discover what is a reasonable rate of return on an investment, when the return on an investment should immediately cause alarm, and how to recognize when a real opportunity does arise. They will also find profitable suggestions about paying off their mortgage early, the power of thrift, when to buy and when to sell an asset, and whether to invest in stocks, bonds, real estate, collectibles, or art. In addition, the author offers sound advice on setting financial goals, drawing up appropriate documents, saving for retirement and a child's education, purchasing insurance, and minimizing fees. Dr. Doroghazi's advice is based on many years of personal financial management and investing , which have allowed him to pay his own way through college and medical school, own his own home and a vacation condominium free of debt, fund his children's education, and have accumulated sufficient assets to retire at an early age.

Genres: Finance

248 pages, Paperback

First published January 1, 2005

Reviews

[Whitney Archibald · Rating 1 out of 5]

David borrowed this from the Mayo library. I decided to read it, since I'm trying to learn more about personal finance. I don't recommend it to anyone. I'm sure the guy is good at investing, but he is NOT good at writing. It was a very poorly edited, wind-baggy book. I kept reading because I thought the content might make up for that fact, but the only information that seemed unique to a physician is that he talked about how physicians have to start investing later than most people because of the length of training (duh) and that physicians are often targeted by swindlers.

[Alison · Rating 2 out of 5]

On the whole I did not like this book. The writing style is poorly edited, the financial advice is contradictory and outdated and sometimes downright harmful. There were a few gems of truth that a physician's family might take to heart, but on the whole, I only recognized them because I'd already educated myself elsewhere about the realities of personal finance. I'd pass on this one.