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Strange Things in the Precious Metals
Issue #531, July 17, 2018

Buying Years of Retirement
Issue #530, July 09, 2018

Rent-A-Kid for Retirement
Issue #529, July 02, 2018

The Dark Side of Student Loans
Issue #528, June 25, 2018

The Cost of Out-sourcing Convenience
Issue #527, June 18, 2018

Social Security: 66 or 70?
Issue #526, June 11, 2018

Student Loans: There’s (Unfortunately) a Lot More!
Issue #525, June 04, 2018

Co-signing a Note
Issue #524A, May 31, 2018

The Knight Frank Luxury Index and Collectables
Issue #524, May 28, 2018

The Importance of Diversification: The Myth of Diversification
Issue #523, May 21, 2018

How to Save Thousands on Your Food Bill
Issue #522, May 14, 2018

MoviePass and Other Things
Issue #521A, May 10, 2018

Degree Inflation, Long Training Periods, and “Certification”  Part III
Issue #521, May 07, 2018

Degree Inflation, Long Training Periods, and Certification” Part II of III
Issue #520, April 30, 2018

Follow-up on Several Things
Issue #519A, April 25, 2018

Degree Inflation, Long Training Periods, and “Certification”: Part I of II
Issue #519, April 23, 2018

The Kids Birthday Party Hustle
Issue #518A, April 18, 2018

A Pension Question: Part II of II
Issue #518, April 16, 2018

A Physician is an Executive
Issue #517A, April 11, 2018

A Pension Question: Part I of II
Issue #517, April 09, 2018

Is the Correction Over?
Issue #516A, April 05, 2018

Used Car Dealers, Student Loans, the Chinese, and Uncle George’s Rule
Issue #516, April 02, 2018

Starter Homes
Issue #515, March 26, 2018

Redecorating: Beware!
Issue #514, March 19, 2018

NASDAQ Closes at Record High
Issue #513, March 12, 2018

A 40% Chance
Issue #512, March 05, 2018

Several Things
Issue #511, February 27, 2018

Human Capital, Education and Wealth
Issue #510, February 19, 2018

Another Stock Market Update
Issue #509A, February 18, 2018

Some Thoughts on Savings
Issue #509, February 12, 2018

A Stock Market Upfate
Issue #508S, February 10, 2018

Who Can You Trust? Part II of II
Issue #508, February 05, 2018

The Christmas Decoration Pre-worn Jeans Hustle
Issue #Interim Bulletin #507A, February 03, 2018

2018 Outlook for Financial Markets
Issue #507, January 29, 2018

Who Can You Trust? Part I of II
Issue #506, January 22, 2018

Life Insurance Settlements
Issue #505, January 15, 2018

Commodities and Buying the Breakout
Issue #504, January 08, 2018

Buffett Wins His Bet
Issue #503A, January 04, 2018

Practice Real Estate and Free Agency
Issue #503, January 01, 2018

Outlook for 2018: Part III: Stocks and Bonds
Issue #502, December 25, 2017

My Outlook for 2018: Part Ii: Precious Metals
Issue #501A, December 21, 2017

Outlook for 2018: Hard Assets: Part I of III
Issue #501, December 18, 2017

More Thoughts on Bitcoin
Issue #500A, December 14, 2017

Fees and Good Relations with Bankers
Issue #500, December 11, 2017

Salvator Mundi
Issue #499A, December 07, 2017

Should You Rent or Own a Home?
Issue #499, December 04, 2017

A Gift Subscription
Issue #Interim Bulletin #498A, December 02, 2017

Stocks vs Real Estate: Asset Allocation: Part II of II
Issue #498, November 27, 2017

When Good Enough is Fine
Issue #497A, November 22, 2017

Stocks vs Real Estate: Asset Allocation. Part I of II
Issue #497, November 20, 2017

The Saudi Arrests and the Perils of Foreign Investing
Issue #496, November 13, 2017

Gambling and Las Vegas
Issue #495, November 06, 2017

Some Tips on Auto Insurance
Issue #494, October 31, 2017

Bitcoin and the Digital (Crypto) Currencies
Issue #493, October 23, 2017

The Coming Bear Market: Part II How to Prepare
Issue #492, October 16, 2017

Some Observations on Cemeteries
Issue #Interim Bulletin #491A, October 12, 2017

The Coming Bear Market: Part I: The Myth of Buy and Hold Forever
Issue #491, October 09, 2017

The Market makes New Highs
Issue #490, October 02, 2017

The Importance of a New High
Issue #489, September 25, 2017

A Little Insurance: Wealth, War and Wisdom
Issue #488, September 18, 2017

Some Observations
Issue #487, September 11, 2017

How to be Successful in Your Career
Issue #486A, September 07, 2017

How NOT to Buy a Home
Issue #486, September 04, 2017

This Week in the Market
Issue #485, August 28, 2017

Is the “Trump Bump” Running Out of Gas?
Issue #484, August 21, 2017

Gold is on the Move
Issue #483, August 14, 2017

The Importance of Estimation
Issue #482, August 07, 2017

Buying Art and Collecting: Part II of II
Issue #481, July 31, 2017

Buying Art and Collecting in General, Part I of II
Issue #480, July 24, 2017

Physicians need to be More Forceful: Follow-up
Issue #479, July 17, 2017

Physicians need to be More Forceful
Issue #478, July 10, 2017

Your First “Real” Investment
Issue #477, July 03, 2017

Leasing a Watch: Don’t
Issue #476, June 26, 2017

The Importance of Your Children having a Job
Issue #475, June 16, 2017

The Problem with Medical Student Debt is—the Med Schools
Issue #474, June 12, 2017

Critters and Varmints in your Home and Yard
Issue #473A, June 07, 2017

Leveraged ETFs
Issue #472, May 29, 2017

Leasing a Vehicle: Don’t!
Issue #471, May 22, 2017

Escheat
Issue #470, May 15, 2017

More on Buying Jewelry
Issue #469, May 08, 2017

Buying Jewelry: Gold, Diamonds and Pearls
Issue #468, April 30, 2017

Thomas Sowell: Part III of III
Issue #467, April 24, 2017

Thomas Sowell: Pat II of III
Issue #466, April 17, 2017

Live Close to Where You Work
Issue #465, April 10, 2017

Medtronic in Hospital Management
Issue #Interim Bulletin #464A, April 07, 2017

Thomas Sowell: Part I of II
Issue #464, April 03, 2017

A Political Contribution a an Investment: Part II of II
Issue #463, March 27, 2017

A Political Contribution as an Investment: Part I of II
Issue #462, March 20, 2017

Buffett Selling Vacation Home
Issue #461, March 13, 2017

Advanced Placement (AP) ourses
Issue #460, March 06, 2017

The Importance of a Credit History
Issue #459A, March 02, 2017

A Credit Card Scam
Issue #459, February 27, 2017

The Electronic Health Reord
Issue #458, February 20, 2017

Contracts
Issue #457, February 13, 2017

Platinum and Palladium
Issue #456, February 06, 2017

Economic Outlook for 2017: Part II of II
Issue #455A, February 02, 2017

Economic Outlook for 2017: Part I of II
Issue #455, January 30, 2017

A Story From Vegas
Issue #454A, January 25, 2017

Land Donation Deals and the IRS
Issue #454, January 23, 2017

The Theory of Gambler’s Ruin
Issue #453, January 16, 2017

THE PHYSICIAN INVESTOR NEWSLETTER

HELPING PHYSICIANS ATTAIN FINANCIAL SECURITY
By Robert M. Doroghazi, M.D., F.A.C.C.

How to Save Thousands on Your Food Bill

Issue #522, May 14, 2018

    Brady Deaton, president of the Board for International Food and Agricultural Development, spoke at our Rotary. World-wide, as much as 40% of the food available for harvest is lost or wasted. According to the USDA, almost one-third of this 40% is food purchased at the grocery store.
    The most important point is for you to comprehend the problem:
Twenty percent of the food you purchase at the grocery store is wasted.
    The average American makes about $55K, and the average family spends 7-8% of their income on food = $4,400 (In the 50s, it was 25%. It shows the tremendous increase in productivity of the American farmer). Physicians make about $250K, so say you spend $5,000 per year on food (almost certainly more). If you can save 10-30% on your food bill per year, that could easily amount to 4-figures.
    I’ll divide this discussion into two parts. Let’s take the easiest first: eating out. This is from The Physician’s Guide to Investing: A Practical Approach to Building Wealth.
    “Would you like to save one-quarter to one-third on your restaurant bills? When was the last time you ate everything: the bread, appetizer, salad, main dish, and desert? Try ordering less, much less. You’ll save money and not over-eat. Split the appetizer, or even everything. In many restaurants, the servings are too large. Before ordering, ask the waiter the portion size. If you take children out to eat, I’m sure some food is wasted.
    By definition, if you have a doggie bag, you ordered too much. In general, a doggie bag is not an option when you traveling. I’d also point out you are eating some expensive leftovers that are never as good as they were when originally served, especially fish”.
    RMD comment: it’s all about serving size. You can always order more
    Before discussing saving money on food at home, you must understand how caloric requirements change with age. It’s muscle that burns calories. The average male in the US burns about 2,250-2,500 cal. per day. Females about 10% less. Offensive linemen, the most muscular guys in the NFL, burn 10-12,000 calories per day during the season, the quarterbacks, about 4,000. Starting at age 30, muscle mass decreases 1% per year, 10% per decade. Your body needs 30% fewer calories at age 60 than at age 30. If you weigh the same at age 60 as age 30, it’s less muscle and more fat. You must eat less as you age.
    Everything I say is basically common sense and would seem obvious, but it can’t be that obvious if 20% of the food you purchase is wasted.
    First: clean your plate.  But!!  We have an obesity epidemic. In the 70s, my great uncle Steve Elonka, who was in his 70s at the time, said “Bobby, I lived through the Great Depression. Everyone cleaned their plate. I thought I’d never say this, but I think that extra food is better off in the trash than in my stomach”.
    RMD comment: It’s all about serving size. Take less, much less, then clean your plate.
    Fresh fruit and veggies are good for you, but there’s nothing magical about them. A) There is significant waste. B) A senior dietician at Boone Hospital told me frozen and canned vegetables and fruit “are at least equivalent, and possibly superior” to the “fresh” produce at the store. They are less expensive with a far longer shelf life. C) One of the reason fresh fruits and veggies are pushed is because of the obesity problem: people are told it’s better to eat broccoli and an apple than nachos. I’ve even heard some say you can eat all the vegetables you want. In reality, those tending to obesity eat their fresh fruits and veggies, think they’re being a good boy or girl, then pile cheese on the nachos.
    What to do with scraps, cut ends, etc.? 1) Add them to your “vehicle” of choice: beans, rice, scrambled eggs, soup. 2) In times past, this would be fed to the hogs and chickens and “recycled” back within a week or two as eggs and bacon.
    Freeze meat, fruit, bread, as soon as you get home—in the appropriate serving size.
    We have become obsessed with the “presentation” of food (Issue #409, 3/14/16, “The Over-Priced Food Presentation Hustle). An apple with a dimple is just as tasty and nutritious as a perfectly round, beautiful apple. If you have guests, you do want the food to look nice, just make sure you don’t waste anything making it look pretty.
    Eat the same thing for every meal, esp. breakfast and lunch. It makes buying food and controlling caloric intake much easier.
    Make a menu for the week, go to the store, and buy that. 
    Watch the expiration date. 1) It’s hard to imagine something with a shelf life of 5 years will be bad 3 months after the expiration date. Use your judgment. 2) You donate food approaching its expiration date to the local food pantry. That’s good, as one never wants to waste food, and you are helping your fellow man, but from the point of view of your pocketbook, that food is wasted.
    Buy less, and keep less food in the pantry. It makes you eat what you have.
    Studies from long ago showed that you buy more of everything, food included, if you shop when you are hungry. So have a Big Mac and fries, then head to the grocery store. 
    In summary:
    1) When you go out to eat, order—at least—one-third less.
    2) Realize how much food is wasted. Attention to detail will save you a lot of money,
and you’ll be healthier and look better.
    3) Caloric requirements decrease with age. You must eat less as you get older.
    4) Nutrition-wise, frozen and canned fruit and veggies “are at least equivalent, and possibly superior” to “fresh” produce, and far less expensive.
    5) In real estate, it’s location, location, location. For wasting food, it’s serving size, serving size, serving size.
    6) Ben Franklin was almost right. A penny saved is worth more than a penny earned, because it’s tax free.
                                                      RMD
    Lowry’s continues to feel the drop in the market since late January is a correction and not the start of a bear market, and probabilities suggest this will be resolved by a breakout to new highs.
    Today’s Barron’s notes that share buybacks are at a record, amounting to about 3% of the float. Add the 2% dividend of the S&P 500, and you have a 5% return.
    In 2005, we endowed the Doroghazi Clinical Teaching Award at my Alma Mater, the University of Chicago, Pritzker School of Medicine. Congratulations to this year’s recipient Professor Scott Stern. who has already received the Award four times.
    RMD comment: I had been thinking about this Award for a while. I had a large position in copper miner Phelps-Dodge (PD). Freeport-McMoran (FCX) announced a takeover of PD, and the stock popped. I pulled the trigger and made the donation that day. 1) When securities are donated to a charity, they usually sell the position the instant it hits their account.  They do not want to decide if it is a good or bad investment: they want the money. 2) For your tax purposes, the charity considers the price to be an average of the high and low for the day.
    From Gibraltar: The Greatest Siege in British History (Adkins, Viking).
    (1780, small pox had broken out). “Our servant maid is past all possibility of recovery. Every means is tried but we find it will not do. Men, women and children dying every day and the utmost distress now appears in everybody. The air is full of this cruel infection. It is to be wished that the inoculation had been allowed”.
    RMD comment: Vaccinations are Science’s greatest gift to humanity.
   
    There was some poison ivy in my flower beds. I bought a herbicide and just sprayed it on. In 24 hrs. they wilted, and in 2-3 days they were gone.
    RMD comment: wouldn’t it be neat if there were something similar to that for the people that get on your nerves.
   
 

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