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DEFINITIONS
By Dr. David Edward Marcinko MBA MEd CMP™
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SPONSOR: http://www.CertifiedMedicalPlanner.org
An app, which is short for “application,” is a type of software that can be installed and run on a computer, tablet, smartphone or other electronic devices. An app most frequently refers to a mobile application or a piece of software that is installed and used on a computer. Most apps have a specific and narrow function.
BROKE DOCTORS: https://medicalexecutivepost.com/2025/08/02/doctors-going-broke-and-living-paycheck-to-paycheck/
Robo-Advisors
An easy and fairly cheap way for novices to get into investing is to use a robo-advisor. Basically, the funds you contribute will be invested by an algorithm based upon your goals, which are usually determined by taking a survey. This helps keep fees low; the algorithm doesn’t rely on a human expert to make trades, and you don’t have to spend significant amounts of time researching your investments. While this is a good way to start, it may not be the best option in the long run.
Online Brokerage or Investment Apps
More options are becoming available all the time, and they have opened trading to a much larger percentage of the population. That is a great thing, but it’s important to remember that “easier to invest” doesn’t necessarily mean it’s easy to invest well.
Be wary of apps that “gamify” trading and encourage risky choices. Keep in mind that trusted names offer more security, so do your research when you are selecting a platform.
POOR DOCTORS: https://medicalexecutivepost.com/2024/04/04/why-physicians-do-not-get-rich/
Investing should be taken seriously, and we encourage you to have a good working relationship with a human financial services professional.
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Filed under: "Ask-an-Advisor", Ask a Doctor, CMP Program, Funding Basics, Investing, Marcinko Associates, Portfolio Management | Tagged: CMP, financial advisors, investing apps, investments, Marcinko, online brokerages, robo advisors |
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