Spring 2016 Issue |
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By J. Edwin Nieves, MD, DFAPA
It is estimated that across their training, through medical school and residency, physicians pick up a few thousand more words. In addition to a new medical vocabulary, they also pickup computer skills, software applications and use of telecommunications equipment skills necessary in the discipline nowadays.
Unfortunately, words like equity, bonds, mutual funds, realized/unrealized loss, large caps and growth-value equities are not words they pick up along the way. However, financial literacy is also part of a physician's professional growth.
During our last spring meeting, Mr. Kenneth James from UBS gave what could be considered a financial primer to the medical students and junior residents present. This training covered areas such as how to make and plan a budget, marital "financial partnerships", buying a home, healthcare and many others aspects. The latter part of the talk covered what he called "Investment 101" where he covered the different forms of investing. Mr. James had prepared and shared a brief folio for each attendee with definitions and basic investing information. Those present asked many pointed questions and overall felt that the session was very informative. Mr. Jmes did a wonderful job, making this presentation a success with his easy going style.