Investing as a Saratoga Springs Physician: The Effects of Job Time Pressure

1. How should a physician invest money?

A physician or doctor in Saratoga Springs should invest using the same products and principles as others: low-fee index funds, low-fee advisors, appropriate asset allocation, and techniques to avoid behavioral error.

2. What is a difficulty physicians have in investing?

As a physician you face a demanding schedule, at all hours of the day and night. Your time and energy are limited. You do not have the ability to check every last detail. People in the financial industry know this. Some of them use it to their advantage.

3. What should a physician in Saratoga Springs do to solve this problem?

It is important to hire a fee-only fiduciary, who works only for you, on all accounts. Someone who is not paid commissions on the back end.

In addition, you should be able to see clearly what and how you are paying. For example, here is the One Day In July fees page.

4. Other ideas to solve my time issue?

Yes! You are not a medical student or resident anymore. Your time has significant value. You should not be sitting on hold with financial companies. By having the cell phone of your Advisor, being able to meet in person or on Zoom, we can reduce time spent and frustration for you.