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

by Robert M. Doroghazi

In comments that were unfortunately prescient, Dr. Doroghazi said in the first edition "the author feels we are currently experiencing a real estate bubble." And in anticipation of the credit crisis, he said "banks are far too lenient in their lending practices...the problem is that bankers are often not lending their own money…considering that a significant percentages of mortgages are sold to Fannie Mae (FNM) and Freddie Mac (FRE), the problem is now actually everyone’s." This new and expanded edition provides commonsense advice that all investors, physicians and non-physicians will find profitable in these difficult times. Learn about the power of thrift, the magnificence of compound interest, the malevolence of debt and the perniciousness of fees. See how to pay off the mortgage by age 45, fund your children’s education and retire at a reasonable age rather than continue to work because you must.

Genres: Finance

444 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 The writing style is poorly edited, the financial advice is contradictory and outdated and sometimes downright harmful.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.