Most doctors don’t consider themselves gamblers, but many act like one when investing. Does that apply to you? Below we discuss how to tell if you’re afflicted and what you can do to avoid losing thousands by taking unnecessary risks.
By: Jason R. Cross, JD, CFP®, CTFA
A few years ago, a friend of mine lost over $20,000 on a “sure thing” stock tip. The moment she said the stock was a “sure thing,” I realized she was a financial gambler. She would never identify herself as a gambler, yet she was willing to gamble a significant portion of her assets on the future of a single company’s stock.
Luckily, she was able to recover from her loss and learn from the experience. Unfortunately, many doctors...
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