Author - Setu Mazumdar, M.D.

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6 Reasons to Embrace Stock Market Panics
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How Much Should I Be Saving?
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3 Strategies For Fighting Inflation
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What Is The Biggest Factor for Your Portfolio Value?
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Financial Asset Protection 101

6 Reasons to Embrace Stock Market Panics

The world seems to be coming to an end, markets around the world have had steep drops, and investors are racing for the exits. But if you’ve got a sound long term investment plan and you’ve created a well structured portfolio, you shouldn’t be panicking at all. No, you should actually be taking advantage of the market panic.

When I worked in the ER, my colleagues called me a pessimist. Rising malpractice premiums, flat reimbursements, increasing workload…there really weren’t any good trends in emergency medicine. Similarly, all you’re hearing right now in the financial markets is a bunch of bad …

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How Much Should I Be Saving?

“The most powerful force in the universe is compound interest” -- Albert Einstein

I always find other people’s stereotypes about doctors amusing. Here’s one typical encounter that happens every so often:

As I’m placing the last chart in the discharge rack, a nurse unexpectedly asks me “What car are you driving home?”

“What car do you think I drive?” I respond. “I bet he drives a Beemer,” shouted a tech.

“I parked next to a BMW, but I drive an 11-year-old Honda with over 200,000 miles on it,” I say. “Yeah right. Then what do you do with all that …

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3 Strategies For Fighting Inflation

I’ve noticed a disturbing trend over the past few years: my gross income has declined but my workload has increased. I make less per patient and per hour now than I did over five years ago. Whether the reason is malpractice premiums, flat insurance payments, inability to increase fees and collect them, or corporate practice of medicine, one thing is certain: I’m not alone. According to the Medical Group Management Association, in 2006, physicians in my specialty reported a compensation increase of just 2.7%, compared with the inflation rate of 3.2%. We all know why we are feeling the squeeze …

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What Is The Biggest Factor for Your Portfolio Value?

Even with all of the new drugs, technology, and procedures in medicine today, there are certain things beyond your control. Even if we get myocardial infarction patients to the cath lab within 30 minutes, there will still be a certain percentage with a poor outcome. It’s something we have to accept.

But when it comes to investing, physicians don’t accept the fact that most things are beyond your control.

Let’s say you have a choice of doing one of two things with your investments:

Choice A: Focus on things you can control

Choice B: Focus on things you cannot control…

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Financial Asset Protection 101

As a physician I am a fiduciary to my patients–I put the patient’s interest first before my own.

Part of that fiduciary duty involves determining the risk-benefit ratio of any treatment, whether it’s prescribing a drug or performing a procedure. I generally won’t use a particular treatment if the risks involved are far higher than the potential benefits.

A great example of this is the use of clot busting drugs in stroke patients.  Giving these drugs to patients more than a few hours after the onset of stroke symptoms tends to tilt the risk-benefit equation more toward risk (higher rates …

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