Why This Retired Physician Owns No Bonds Story

Why This Retired Physician Owns No Bonds

First of all I would like to address the no bonds issue. The main reason to invest in bonds is to make your portfolio less volatile. Since I have never cared about the volatility of my portfolio, I have never purchased bonds.

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The higher one’s bond vs stock ratio, the lower the overall average returns, & the lower the volatility. I wanted the highest return, so I went with growth mutual funds and never bothered with bonds.

My wife and I were married in October of my internship year and we each made our first investment in the stock market in January of 1989 when we opened our IRA accounts.

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After I had worked as a resident for one year, June 1989, I qualified to participate in the hospital’s 457 deferred compensation retirement plan.

In 1993 I began life as an attending and was eligible to participate in our company 401(k) and profit sharing retirement plans.

The bulk of the rest of my investments are held in cash-flowing investment real estate; these are outside of my retirement accounts.

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