After logging strong returns in 2017, global equity markets delivered negative returns in US dollar terms in 2018. Common news stories in 2018 included reports on global economic growth, corporate earnings, record low unemployment in the US, the implementation of Brexit, US trade wars with China and other countries, and a flattening US Treasury yield curve. Global equity markets delivered positive returns through September, followed by a decline in the fourth quarter, resulting in a –4.4% return for the S&P 500 and –9.4% for the MSCI All Country World Index for the year.
By now you’ve probably seen nerve-racking headlines in the news about the stock market. Not to worry, we wanted to give you a short update to let you know what’s going on and how it might impact your portfolio.
For our Residents and Fellows who are finally finishing their training, a big change in their finances can be purchasing their first home. A question we get a lot is “Should I rent or buy a new home?” For most doctors, we suggest renting the first 1-2 years on the job.
Our doctors frequently ask whether they should invest in their Roth 401k/403bs or use the pre-tax option instead. There are a number of factors that savvy doctors should consider when deciding whether or not to Roth at work.