MEME-COINS: Dogwifhat?

Posted on March 5, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

***

***

Rallies from Artificial Intelligence related companies weren’t enough to keep the major indexes from falling yesterday. Meanwhile, bitcoin continued its journey toward the sky, getting close to an all-time record.

And it wasn’t the only cryptocurrency having a banner day: memecoins like dogecoin, pepe, and dogwifhat all soared.

COMMENTS APPRECIATED

Thank You

***

***

Filed under: "Ask-an-Advisor", Alternative Investments, Financial Planning, Information Technology, Investing | Tagged: , , , , , , , , | Leave a comment »

DOWN: Facebook, Threads, Instagram and Messenger

Posted on March 5, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

PARENT META OUTAGE

By Staff Reporters

***

***

Facebook, Instagram and Messenger have gone down in what appears to be a huge outage at parent company Meta.

Users found themselves unable to load the apps or websites as normal. On Facebook, affected users found they had been logged out and were unable to get on, while Instagram refused to work at all.

COMMENTS
***

***

Filed under: Breaking News, Information Technology | Tagged: , , , , , , | Leave a comment »

What is the Goodhart Economics Principle?

Posted on March 5, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

The Goodhart Principle, and related

[By staff reporters]

***

Goodhart’s law is a sociological analogue of Heisenberg’s uncertainty principle in quantum mechanics. Measuring a system usually disturbs it. The more precise the measurement, and the shorter its timescale, the greater the energy of the disturbance and the greater the unpredictability of the outcome.
***
***
***
CAMPBELL’S LAW:
“The more any quantitative social indicator is used for social decision-making, the more subject it will be to corruption pressures and the more apt it will be to distort and corrupt the social processes it is intended to monitor.”
Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™8Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™
***

Invite Dr. Marcinko

***

Filed under: Glossary Terms, Health Economics, Touring with Marcinko | Tagged: , , , , | Leave a comment »

DAILY UPDATE: Target of IRS Audits Up While Stock Markets are Down

Posted on March 5, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

***

***

Stat: 125,000+. That’s how many high-income people the IRS is targeting for not filing their taxes. The IRS started sending letters last week to folks with over $400,000 in income who haven’t filed between 2017 and 2022 (Journal of Accountancy)

CITE: https://www.r2library.com/Resource

Here’s where the major benchmarks ended:

  • The S&P 500 index fell 6.13 points (0.1%) to 5,130.95; the Dow Jones Industrial Average lost 97.55 points (0.3%) to 38,989.83; the NASDAQ Composite declined 67.43 points (0.4%) to 16,207.51.
  • The 10-year Treasury note yield (TNX) rose about 4 basis points to 4.219%.
  • The CBOE Volatility Index® (VIX) increased 0.38 to 13.49.

Ongoing strength in chip makers propelled a 1.1% advance in the Philadelphia Semiconductor Index (SOX), which posted a record high for the third-straight trading day. Banks were also among the strongest performers. Small-cap shares eased, with the Russell 2000® Index (RUT) ending with a marginal loss after rising earlier to a two-year high. 

COMMENTS APPRECIATED

Thank You

***

***

Filed under: "Ask-an-Advisor", Accounting, Breaking News, Ethics, Experts Invited, Financial Planning, Health Economics, Investing, Taxation | Tagged: , , , , , , , , , , , , | Leave a comment »

FINANCIAL PLANNING: Physician and Fiduciary Focused

Posted on March 5, 2024 by Dr. David Edward Marcinko MBA MEd CMP™

(“Informed Voice of a New Generation of Fiduciary Advisors for Healthcare”)

By Dr. David Edward Marcinko MBA CMP™

http://www.MarcinkoAssociates.com

As fellow doctors, we understand better than most the more complex financial challenges physicians can face when it comes to their financial planning. Of course, most physicians ultimately make a good income, but it is the saving, asset and risk management tolerance and investing part that many of our colleagues’ struggle with. Far too often physicians receive terrible guidance, have no time to properly manage their own investments and set goals for that day when they no longer wish to practice medicine.

For the average doctor or healthcare professional, the feelings of pride and achievement at finally graduating are typically paired with the heavy burden of hundreds of thousands of dollars in student loan debt.

You dedicated countless hours to learning, studying, and training in your field. You missed birthdays and holidays, time with your families, and sacrificed vacations to provide compassionate and excellent care for your patients. Amidst all of that, there was no time to give your finances even a second thought.

Between undergraduate, medical school, and then internship and residency, most young physicians do not begin saving for retirement until late into their 20s, if not their 30s. You’ve missed an entire decade or more of allowing your money and investments to compound and work for you. When it comes to addressing your financial health and security, there’s no time to waste.

And you may be misled by unscrupulous “advisors”.

For example:

Question: Do you know the difference between a “Fee-Only” and a “Fee-Based financial advisor? Not knowing may cost you tens of thousands of dollars, or more, in excessive advisory fees.

MORE: https://marcinkoassociates.com/financial-planning/

Of course, all of this compound’s physician stress and burnout related issues, as well.

MORE: https://marcinkoassociates.com/process-what-we-do/

COMMENTS APPRECIATED

Thank You

***

***

Filed under: "Advisors Only", "Ask-an-Advisor", Accounting, Career Development, Experts Invited, Financial Planning, Funding Basics, Health Economics, Health Insurance, iMBA, Investing, Marcinko Associates, Touring with Marcinko | Tagged: , , , , , , , , | Leave a comment »