Happy New Year 2017

MEDICAL EXECUTIVE-POST

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“Thought of the Year for 2017”

MEDICAL EXECUTIVE-POST

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THE ME-P TEAM

David Edward Marcinko

Hope R. Hetico

Ann Miller

Mackenzie, Edward and Terersa

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7 Responses

  1. Many thanks

    We’ve had a fabulous year at the Medical Executive-Post thanks to our engaged followers and fellow expert bloggers.

    Now, we are gearing up for 2013 and look forward to sharing more great stories, insights and opinions throughout the coming year.

    Thank you all for your support, and Happy New Year!

    Hope Rachel Hetico RN MHA
    Dr. David Edward Marcinko MBA
    Ann Miller RN MHA

    Like

  2. Participate in 2016

    Comment on today’s ME-P news and share your opinions with other readers. Please submit your letters, opinions and comments to me.

    ME-Ps submissions must include name, title, affiliation, city and state. But, comments may be anonymous although we reserve the right to edit all submissions.

    Ann Miller RN MHA
    [Executive-Director]
    MarcinkoAdvisors@msn.com

    Like

  3. Is Health Care about to Go the Way of the Dodo?

    As the new year starts, all kinds of predictions come to our attention, mostly of things that will enter our lives.

    http://thehealthcareblog.com/blog/2013/01/17/is-health-care-about-to-go-the-way-of-the-dodo/

    So, how about things that will dissolve from our lives, according to Lucien Engelen?

    Aaron

    Like

  4. Update 2016

    HAPPY NEW YEAR

    We’ve had a fabulous year at the Medical Executive-Post thanks to our engaged followers, commentators and fellow expert bloggers. And, we are going to make a serious effort to make our material better next year, even if that means there’s a bit less of it.

    Almost eight years in, we could not be more proud of this blog, or the people who contribute to it. As always, we are grateful that you come to read what we write and publish. We really do appreciate your support.

    Now, we are gearing up for 2016 and look forward to sharing more great stories, insights and opinions throughout the coming year.

    Thank you all for your support and Happy New Year – 2016!

    Dr. David Edward Marcinko MBA CMP™
    Hope Rachel Hetico RN MHA CMP™
    Ann Miller RN MHA

    STAFF

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  5. 2015 Markets End

    Markets ended 2015 on a rather lackluster note. Despite on-going hype by the media of the “Santa Claus Rally,” the S&P 500 ended the week down nearly 1%, with the Russell 2000 down even more.

    For those unfamiliar, the rally tends to occur in the final week of the trading year, and has been a fairly consistent phenomenon since 1928. Makes sense to rely on that anomaly repeating right? After all, the historical odds have tended to favor it.

    Here’s the problem with that way of thinking: the sample size may be too small given that stock returns don’t follow a normal distribution. Just because December months tend to rally in the final week of trading over the last 88 years does not mean that Santa exists. The problem with stock returns and observing an anomaly which does not have a large sample size is that it actually may be randomness and have no bearing on the future. Consider for example that every year market participants rely on that historical observation to make money by the end of the year. Everyone knows the rally is coming because of the past, and positions accordingly. If the anomaly is real, then it likely gets arbitraged away as more and more traders act in advance. If the anomaly is not, then by the time that is realized in the next 30 years, one could have on-going losses and not realize why until after the fact.

    This is a nuanced way of viewing markets, but is precisely why any talk in the media about historical observations in markets needs to be taken with a grain of salt. One of the reasons we use rolling weekly triggers in our strategies is precisely because that allows for a huge number of iterations to look at over time, allowing for more confidence in the observed anomaly that volatility can be positioned for in advance (click here to view our award winning papers on this). Most stats referenced in the media, however, are said so confidently that few will question not only their validity, but ask how large the sample size is that what is said is observed in.

    Investors and traders need a healthier dose of skepticism when looking at markets, and hearing what is said in the media. Headline after headline proclaims that equities had their worst annual loss since 2008. Some skeptics will then say to keep in mind that the loss in the S&P 500 is a little under 1%, so don’t get freaked out by the news.

    And yet, that counter is factually wrong as well. The S&P 500 did NOT close the year down. On a total return basis including dividends, the large-cap index was positive. Yet, just like the Santa Rally proclaimed confidently as something happening this year, the attention is brought to a completely wrong and misleading way of viewing markets.

    In 2016, let us all resolve to think deeper about what we hear and not take things at face value. Skepticism and analysis are at the core of long-term wealth generation, as it helps to avoid short-term actions based on data which is either wrong, or random.

    Facebook Twitter Pinterest LinkedIn Google Plus Instapaper Digg Delicious Reddit StumbleUpon MySpace Netvouz NewsVine Slashdot Technorati BlinkList Design Float Webnews.de

    Michael A. Gayed CFA
    [Portfolio Manager]
    http://www.pensionpartners.com

    Like

  6. Some financial advice just doesn’t grow old

    Many recommendations I’ve made for years are as applicable as ever for the 21st century, and they bear repeating. Here are some of the best financial moves to consider as you move into 2016:

    1. Understanding and managing your thoughts, feelings, and beliefs about money is as important as understanding how money works. Our brains are hardwired to make poor financial decisions. Exploring your money history and learning to identify your unconscious beliefs about money can change your financial behaviors forever. It is crucial to gaining and keeping control of your finances and becoming comfortable using money as the valuable tool it is.

    2. Building an emergency reserve to cover living expenses for six months to a year if you lose your job or experience a business slump isn’t just a good idea, it’s a necessity. If you are retired, having one to three years of cash available to cover living expenses can help you avoid taking money out of investments when their value has declined.

    3. Retirement will happen, sooner than you think. Start early—as in the day after college graduation—and be consistent in investing at least 20 percent of your paycheck in your 401k, IRA or SIMPLE plan.

    4. Learn to appreciate the word “budget.” Creating a plan to track and manage income and spending is an essential skill to survive and thrive financially. Numerous free or inexpensive tools, like Mint.com and Quicken, can help.

    5. Run from consumer debt. If you can afford a credit card payment after you purchase something, you can afford to save first and buy with cash. Personally, I use credit cards for almost every purchase for both convenience and cash back or travel rewards. However, it’s imperative to pay the card off every month, without fail.

    6. A house is a home, not an investment. Don’t buy more home than you can afford, and don’t buy without a down payment.

    7. No asset goes up forever. Price declines, even crashes, are a normal part of investing. It’s essential to understand that the value of your portfolio will fluctuate. Be prepared to ride out downturns. Selling in a down market is “the big mistake” that will cost you dearly.

    8. The fundamental strategy for managing market ups and downs is asset class diversification. This doesn’t mean having money in different banks, with different brokers, or in different mutual funds. It’s about having a good balance of mutual funds that invest in U. S. and International stocks, U. S. and International bonds, real estate investment trusts, commodities, market neutral funds, Treasury Inflation-Protected Securities, and junk bonds.

    9. There are no free investments. Pay attention to the fees and taxes associated with any investment, as well as how the advisor recommending any investment is compensated.

    10. Pay yourself first. The most successful savers and investors I know simply take all their fixed expenses, taxes, and retirement contributions off the top of every dollar earned, then spend the rest. That means learning to live on 30% to 50% of every dollar you earn. This may sound unreasonable or even impossible for anyone who is just starting out, raising a family, or getting by from month to month. Certainly, it isn’t easy. But one of the most valuable financial habits to create, beginning with your very first paycheck, is to save something for the future instead of spending everything that comes in.

    You may well have heard this advice before. There’s a reason for that: it works. The details of managing money may evolve, but classic money wisdom never goes out of style.

    Rick Kahler MS CFP®
    http://www.KahlerFinancial.com

    Like

  7. May you have a great 2017!

    What are your highlights? Here are a few of my suggestions that work for me:

    • Step out of your comfort zone for personal growth;
    • Try something that truly thrills you;
    • Spend more time with your family;
    • Reconnect with your old pals;
    • Go thank those who have helped you in the past;
    • Focus on what brings home the big check in your work.

    Feel free to share your own with us.

    Michael Zhuang
    [Principal of MZ Capital Management]

    Like

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