Journal Club 12-31-16

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Topics: Med School Debt, Dollar Cost Averaging, Investor Behavior, Good Debt

Every week, I hold a JOURNAL CLUB. After manually filtering through the millions of articles out there, I present a few that I impacted my life this week. This will also help lay the foundation for some of the topics that we’ll dig into deeper on this website.

Here’s our Journal Club for the week, enjoy!

  • I am so glad to be past the medical school stage but it still lingers with me in the form of student loans. I feel fortunate to have gone to my state medical school (= lower tuition) and that financing was cheap compared to what it is today. However, I do have family in medical school and have recommended that they check out this new blogger, Make Money in Med School. He has a great post on The Growing Dangers of Medical School Financing.
  • I’ve always wondered what the best strategy is when it comes to investing my retirement dollars – should I buy into the market every month, or accumulate the funds and do a lump sum investment near the end of the year. Some Random Guy Online did me a favor by talking about the The Real Benefit of Dollar Cost Averaging.
  • As I mentioned in my latest post, some of the worst decisions I’ve made this year involved trying to pick my own stocks. Intellectually I know it’s a bad idea but it’s so tempting to think we know better. Wealthy Doc does an amazing job summing up all the reasons we may be great people, physicians, or whatever, but may suck as an investor. Read Suboptimal Investor Behavior. AKA, Do You Suck As An Investor?
  • I like this post by Early Retirement Now. No, let me revise that, I LOVE this post by ERN. One of the most important financial lessons I’ve learned along the way is that not all debt is bad. There is bad debt but there is also good debt. If you can get rid of bad debt, and control good debt and use it to your advantage, you’re going to be able to achieve your goals easier and quicker when done right. Please read Seven Reasons in Defense of Debt and Leverage.

2016 has been a year of ups and downs as they always are. There’s a lot out there on the web about how so many people are ready to forget 2016.

However, I like to focus on the positives and so personally 2016 was a great year in so many ways. I welcomed a new child to the family, a healthy baby boy. I started this blog. I acquired some investment property and started working less (closer to financial freedom). I donated more money than I ever have, but received much more in return.

Thank you to everyone who made this a great year, including you, the reader. I’ll keep working hard to make Passive Income M.D. better in 2017.

Have a safe, wonderful start to the New Year!

Passive Income M.D.

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