You know that confidence that makes you cool during chaos? Well that asset can become a liability when managing your portfolio.
Have you ever counted the number of distractions we encounter during a typical ED shift? Here are just a few: pharmacy phone calls, work excuses, signatures, blanket and water requests, more signatures, pronouncing dead patients on the floor STAT. I bet we’re distracted about once a minute. No wonder I feel battered after most shifts.
Normally, we expect higher-priced products to perform better. Not so with expensive portfolio management, which drives down returns.
We’ve discussed visible fees and expenses that affect your investment returns, including commissions, account fees, and advisor fees, but what about the other fees, the ones you don’t actually see? We’ll look at a few big ones.
Now that your portfolio has an “airway” via asset allocation and can “breathe” via diversification, it’s time to make your investment returns “circulate.”
The key to cost containment is for EPs in high cost areas to learn to practice like their colleagues with fewer resources   
So far we’ve covered the reasons why diversification is essential to sound portfolio management. Now that we’ve graduated from residency, it’s time to put all of this into practice.
Over the past few months I’ve discussed the benefits of a diversified portfolio, but there are several reasons why diversification has been criticized as an inferior investment strategy.
So far we’ve discussed the importance of asset allocation and the challenges of individual stock picking. To make your portfolio “breathe,” you need to diversify.
A primer on stock investments . . . and the case for saying goodbye to
individual stock investing entirely. 

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