by Phelps Admin | May 30, 2024 | David Phelps
For many doctors, the investment portfolio is largely “randomized” based on the options they have crossed paths with over the years. It’s what I call “spaghetti on the wall” investments. They aren’t necessarily bad by themselves, but they aren’t coordinated to produce...
by Phelps Admin | May 29, 2024 | David Phelps
One of the questions I get asked the most is, “How do I know what to invest in,” and while I appreciate the sentiment here, that is almost always the wrong question. That’s because without context, any answer is basically meaningless. The right answer is based on...
by Phelps Admin | May 3, 2024 | David Phelps
In the midst of ever-growing inflation and economic uncertainty, more people than ever before are looking for ways to build (and hold onto) generational wealth. In the United States, 80% of all businesses are closely held – and most either fail or are sold...
by Phelps Admin | May 1, 2024 | David Phelps
The sale of your practice marks a significant transition from ‘practitioner’ to ‘investor’. The stewardship of the proceeds becomes paramount. What is your plan for utilizing and safeguarding that equity? How are you replace practice income...
by Phelps Admin | Apr 22, 2024 | David Phelps
According to the Milken Institute, a shocking 43% of Americans are not financially literate. That has long-lasting implications for the individuals directly affected, the children they raise, and the economy as a whole. That’s why even as our nation’s debt levels have...
