The second edition of my book The Physician’s Guide to Investing: A Practical Approach to Building Wealth appeared last year.

This book is unique.  It addresses a previously neglected topic; helping physicians with their personal financial management.  It also provides common sense advice found nowhere else and that all investors should find profitable.

Please see Book Reviews for comments on the first edition by Warren Buffett and Drs. William C. Roberts, George Meyer and Edward T. Creagan.

I also write The Physician Investor Newsletter.  Click on the The Newsletter to learn more and to sign up for a free three month trial subscription.

Below is an excerpt from the most recent edition of The Physician Investor Newsletter:

Skin in the Game

September 24th, 2018 - #541

    Before I get to the main topic, I want to make several points.
    Last week I discussed why the precious metals were due for a rally. Today’s cover story in Barron’s is “Rediscovering Gold: Why the out-of-favor metal should be part of your investment portfolio”.
    RMD comment: The question is whether the next rally marks the end of a correction in a bull market, or is just a sucker’s rally in a bear market. Watch 1) The US Dollar. Gold will go nowhere if the dollar remains strong. 2) Also watch the Chinese Yuan. It has moved in correlation with gold. It is unlikely gold will strengthen if the Yuan remains weak. 3) Gold must break above $1,370 to confirm a new bull market.
    The stock market continues to advance, with the DJIA and the S&P 500 making new all-time highs. Lowry’s notes some weakness in small-cap stocks, but all of their other measurements and indicators suggest continued strong support for the bull market.
    RMD comment: Ride the bull. 

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