ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 71: Stocks? Bonds? What Is The Right Amount of Each?

Asset allocation and risk tolerance go together like two peas in a pod. But what’s the best way to determine that stock-bond mix? Questionnaires and surveys are the industry norm, but do they truly reflect the risks ER Docs need to take to achieve their goals?

On today’s episode, we define risk, dive into what mix is appropriate for most ER Docs, and distinguish the difference between risk tolerance and risk capacity.


Topics Discussed:     
  • How to determine risk tolerance.
  • How to achieve return without high risk.
  • Why you shouldn’t sell on downturns.
  • What risk tolerance is.
  • What risk is as it relates to investments.
  • Types of risks that can be diversified away.
  • What a stock is and what a bond is.


Resources Mentioned:

ERdocadvisor.com  

Tags

planning, financial planning, ER doctor, doctors, finances, investments, stocks, bonds, risk tolerance

by 
Scott Wisniewski, EA