Building Wealth in a Bear Market

[{"selector":"#anim-65de132b-e52a-471a-8bd2-e9a5aabad2dc","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-21e7a14a-27b0-45ae-9129-62103c2f9201","keyframes":{"transform":["translate3d(-115.65495%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4fdab37-e8a5-425e-82b9-a8a5a4eae1fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-61969054-6b7e-42d4-82dc-cc3bde38fc3f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read More

My first day on the job was July 3, 2006. It was a one-week locum tenens assignment in Punta Gorda, Florida that I started just after graduating from residency.

[{"selector":"#anim-f5193786-8f55-40e8-99b0-f1c5af0495e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce577724-1292-484a-a3fb-358979bed2b8","keyframes":{"transform":["translate3d(-129.16667%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

There was reason to be pessimistic about stock market returns. After all, a dollar invested six and a half years earlier was worth less than a dollar at the time.

[{"selector":"#anim-cca711f3-f069-4b57-8851-9e474ce7c38f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e70eaefe-d16c-4bbf-b6df-301ec2001f4b","keyframes":{"transform":["translate3d(0px, -99.4978%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More

I opened a SEP IRA (in hindsight, I’d open a solo 401(k) instead), and I maxed it out, investing in mutual funds to the tune of about $50,000 a year.

[{"selector":"#anim-1cf22b95-83aa-48ef-92ab-24fb7ed7d583","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3375a73c-1a42-4e82-944d-8b698d5fba22","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9edc05ff-523a-49d9-b835-765e71e3052b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Building Wealth in a Bear Market

The Great Recession

[{"selector":"#anim-1e394c2a-1080-429b-8511-6b89927e9ea8","keyframes":{"transform":["translate3d(107.71349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d792538-169a-4f25-be4b-5cfbf934c21e","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c00720d-8ecb-4cf1-bd1a-bf49f392e366","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] To say that things took a turn for the worse for equities after October of 2007 is an understatement. By March of 2008, the DJI dropped below 12,000. It dropped below 11,000 in September of 2008, erasing any gains from the decade, and the pain had just begun. Read More

Staying the Course

[{"selector":"#anim-b009e554-14f8-4b87-90b6-09af70bb20cc","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef1e3047-8e5d-4b4c-9dcf-e22c13903e6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-979c39c4-49fe-407c-83a1-95e3769f6891","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] I saw those initial investments I made early in my career tank. Subsequent investments tanked a little less. But the overall trajectory for 18 months was down, down, down. It was a true stock market crash and part of one of the worst recessions in U.S. history. Read More

The Benefits of Investing in a Bear Market

[{"selector":"#anim-c445cddc-cc24-4d8a-b337-726ee6829b83","keyframes":{"transform":["translate3d(105.23416%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e174504-a7a2-486b-8992-cb1c5634bf71","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f25aa99f-31a4-437e-9239-bde93da2f422","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] I am an academic OB-GYN working in a county hospital. I have been quite happy with this career – I love teaching residents and working with our patients, who are mostly from poor and otherwise marginalized communities. Read More

SWIPE UP NOW TO READ MORE

[{"selector":"#anim-0bbdb8a7-dcf3-4a5b-89ba-e93db13345bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ba926d0-aff6-4b53-839d-4b2b5f87d623","keyframes":{"transform":["translate3d(-116.50794%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Read More