Lotus Wealth Prescriptions

My Interview Discussing Physician Financial Planning

Setu Mazumdar, MD — Thu, 16 Feb 2012 03:55:02 +0000

In this interview I talk about the challenges that physicians face in their financial lives, financial independence, how financial advisors can rip off doctors, and lots more. Check out the video.

How to Navigate Market Volatility

Setu Mazumdar, MD — Sat, 10 Sep 2011 02:08:19 +0000

Here's a great interview with John Bogle, founder of Vanguard, on how you should navigate any market volatility. There's some timeless advice in here and you should adhere to these simple principles in any market turmoil.

Embrace Stock Market Panics

Setu Mazumdar, MD — Mon, 08 Aug 2011 22:57:36 +0000

The world seems to be coming to an end, markets around the world have had steep drops, and investors are racing for the exits. But if you've got a sound long term investment plan and you've created a well structured portfolio, you shouldn't be panicking at all.

Keep It Simple

Setu Mazumdar, MD — Tue, 05 Jul 2011 18:33:00 +0000

So let’s apply Ockham’s razor to your finances and simplify your financial life.

Do You Understand Your Investments?

Setu Mazumdar, MD — Mon, 20 Jun 2011 23:53:00 +0000

If you’ve hired a financial advisor, you need to know what you are invested in and why. But I bet that you don’t know what you’re invested in, and I’m almost certain you don’t know why you’re invested in it.

Look At the Whole Pie Not the Pieces

Setu Mazumdar, MD — Mon, 06 Jun 2011 23:50:00 +0000

I dare you to ask any of your colleagues, or even your financial advisor (if you have one), about how their investments are doing.

Why Indexing Works

Setu Mazumdar, MD — Sat, 28 May 2011 02:19:43 +0000

Watch this short video from Vanguard to learn why index funds beat actively managed funds.

The Art of Extreme Saving

Setu Mazumdar, MD — Sun, 15 May 2011 18:02:56 +0000

I’ve met many physicians who think “save” is a dirty four-letter word. They spend everything and live paycheck-to-paycheck. So let’s explore what some of the few simple principles of saving can do for you.

What's Your Personal Rate of Inflation?

Setu Mazumdar, MD — Thu, 12 May 2011 12:24:43 +0000

I've noticed a disturbing trend over the past few years: my gross income has declined but my workload has increased. I make less per patient and per hour now than I did over five years ago. Whether the reason is malpractice premiums, flat insurance payments, inability to increase fees and collect them, or corporate practice of medicine, one thing is certain: I'm not alone.

The Biggest Factor for Your Portfolio Value

Setu Mazumdar, MD — Sun, 24 Apr 2011 20:53:41 +0000

While investing is aimed at generating a rate of return on a portfolio in order to increase the value of that portfolio, it’s actually far less important than the one thing that has the greatest impact on the value of your portfolio.

And that one thing is the dollar amount of your annual savings. But most physicians and financial advisors gloss over this.