Investing
A Small Reading Recommendation
We realize that your time (and probably desire) to learn about investing is unfortunately limited. Perhaps you are post-call and simply procrastinating when you should be calling your parents or finishing up your clinic notes.
Regardless, we applaud you for your enthusiasm and even though we don't have much content built out for this portion of the site we do have a recommendation that you put on your "to-read" list.
It's one of the best books ever written for those with limited time who want to begin to learn about investing and saving for retirement. It's more of a pamphlet than a book, and most of you can finish it (except for the assigned homework!) in 20 minutes.
It's called If You Can. How Millennials Can Get Rich Slowly, written by William J. Bernstein. Best of all, it's available as a free PDF at that link. Alternately, you can do a web search on the title and find a free version for your e-reader.
It's important to note that no one here at DOCTORED MONEY has any financial relationship with Dr. Bill Bernstein, or his book (yes, he happens to be a “former” MD and PhD).
Bernstein is a very talented writer, historian, and investment theorist who has researched and understands evidence-based investing and presents it in a way which is readily accessible. If You Can should be everyone's first stop on the road to personal investment education. At least until Doctored Money can supplant it. Any day now.
The Best Personal Finance Resource on the Web
The internet is full of for-profit financial advice sites which exist to sell you something, or to sell your presence on the site to advertisers. But there is one non-commercial education and advice site which stands out from the rest: Bogleheads. We're not fans of the name (despite John Bogle being a hero of ours!) although the name "Bogleheads" can grow on you over time.
Bogleheads has two main sections. First, a set of forums or message boards where you can ask just about any investing or financial question imaginable and usually get an army of responses from volunteers. Many answers will quite literally come from national experts in investing, taxes, finance, insurance, etc. If you search the site, you'll almost certainly find your question previously answered. Simply skimming the various threads for relevant information can teach you a lot about personal finance. No question is too basic, nor too specific. Second, there is a "wiki" section with information about many searchable financial topics, and is always a great way to start when seeking unbiased information and advice.