How fear of the stock market quietly costs doctors a million dollars
Doctors spend over a decade training and then quietly leave a fortune on the table when they handle their own money. In this episode, economics professor Hernan Moscoso Boedo explains why high income and years of schooling do not make physicians good investors. He compares the way doctors avoid the stock market to the way some people distrust vaccines, not because they understand the science, but because they do not trust the system protecting them. This episode is based on his article "Why your doctor invests like a vaccine skeptic," published on KevinMD. You will hear why physicians invest like people who earn half as much, why so many default to real estate, and how overconsumption, high advisory fees, and poor allocation can cost roughly 29 percent of retirement wealth. You will also hear his practical fix: open a brokerage account, start small, and let a simple diversified fund compound. Press play to hear why the money doctors lose is money they earned, and how little it takes to keep it.
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