Physician's Money Digest
Tom Orecchio, CFA, CFP, ChFC, CLU, AIF
Tom Orecchio examines the principles of wealth management and financial planning-from portfolio and tax management to alternative investments and estate planning-to help physicians achieve financial success.
Physician's Wealth Manager - Page 5
Does Investing in Bonds Still Make Sense?
Sep 07, 2010
Over the last 18 months, investors turned to bond mutual funds to net higher yields -- pumping nearly $400 billion into bond funds in 2009 and another $112 million through May 5, 2010. The question is, how long will this bond-friendly, low-interest-rate environment last?
New "Hybrid" Policies Combine Long-Term Care and Life Insurance -- Tax Free
Aug 05, 2010
New "hybrid" long-term care insurance policies offer the benefits normally associated with an annuity or life insurance, plus protection against long-term care expenses. Even better: Funds distributed from these policies are now tax-free.
2000-2009: The Lost Decade … Or Was It?
Jul 02, 2010
The S&P 500 posted its first negative "named" decade ever from 2000 to 2009. That means, if you invested $1 in the S&P 500 at the beginning of '00, you would have had 91 cents at the end of '09. So, were the 2000s the "lost decade" for investors? Not for all -- investors who maintained diversified portfolios actually fared much better.
No One Has Tomorrow's Newspaper
Jun 09, 2010
After the stock market's strong end to 2009, and its initial gains earlier this year, fear and uncertainty is gripping investors once again. As usual, many are turning to financial experts for insight on when the carnage might end. But as Tom shows, these forecasts often turn out to be dead wrong.
The Wall Street Crisis and the Fiduciary Standard
Apr 29, 2010
During FCIC testimony, Goldman Sachs CEO Lloyd Blankfein, responding to questions of whether betting against securities it was selling to investors was a conflict of interest, said that Goldman had no legal obligation to disclose its bets. "We are not a fiduciary," he said.
Are Guaranteed Insurance Contracts Really Guaranteed?
Apr 07, 2010
GICs, like CDs, pay a fixed interest rate over a certain period of time, however, you live and die with the solvency of the insurance company. If it goes belly up, your investment goes with it.
2009 Closes Decade Unique to Annals of Investing
Feb 08, 2010
If there can be one financial lesson drawn from 2009, it is to maintain a well-diversified portfolio with different asset classes with low correlations to one another. This ensures you are not dependent on any single asset class to achieve your investment goals.
Thoughts for 2010
Dec 31, 2009
My advice to investors is to think holistically about your portfolio. In other words, you don't own stocks in a vacuum. You own them in the context of your overall portfolio. Take a look at your collection of stocks and/or mutual funds and examine how they interact. If they all move in the same direction, your portfolio is not as diversified as it should be. That is true for all of your asset classes, not just stocks.
Federal Estate Tax Law to Change
Nov 25, 2009
The larger and more complicated the estate, the greater the challenge in developing an encompassing plan to maximize the transfer of wealth to heirs. So, over the next few months, keep an eye on what Congress is doing with regard to federal estate tax law.
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