12-20-2013, 02:35 PM
Hi folks, I'm a pediatrician from NJ now retired (almost) living in Vero Beach, FL. With a large family and no pension, I depend upon a little real estate income, social security, and income that I can generate from my IRAs.
The IRS fought doctors incorporating for a number of yrs, so most MDs of my age did not have many yrs to build savings. I made the usual tyro mistakes of dealing with stock brokers, and going with hot tips that rarely panned out. Now I am solidly into dividend growth stocks and doing quite well.
I have a small portion of my assets that I use for options(puts, calls, and spreads). I don't buy calls though. that's a loser's game (for me at least)
Looking forward to learning more from you folks and maybe passing on some of the wisdom that I have acquired (usually the hard way)
The IRS fought doctors incorporating for a number of yrs, so most MDs of my age did not have many yrs to build savings. I made the usual tyro mistakes of dealing with stock brokers, and going with hot tips that rarely panned out. Now I am solidly into dividend growth stocks and doing quite well.
I have a small portion of my assets that I use for options(puts, calls, and spreads). I don't buy calls though. that's a loser's game (for me at least)
Looking forward to learning more from you folks and maybe passing on some of the wisdom that I have acquired (usually the hard way)