ME-P SYNDICATIONS:
WSJ.com,
CNN.com,
Forbes.com,
WashingtonPost.com,
BusinessWeek.com,
USNews.com, Reuters.com,
TimeWarnerCable.com,
e-How.com,
News Alloy.com,
and Congress.org
BOARD CERTIFICATION EXAM STUDY GUIDES
Lower Extremity Trauma
[Click on Image to Enlarge]
The “Medical Executive-Post” is about connecting doctors, health care executives and modern consulting advisors. It’s about free-enterprise, business, practice, policy, personal financial planning and wealth building capitalism. We have an attitude that’s independent, outspoken, intelligent and so Next-Gen; often edgy, usually controversial. And, our consultants “got fly”, just like U. Read it! Write it! Post it! “Medical Executive-Post”. Call or email us for your FREE advertising and sales consultation TODAY [678.779.8597] Email: MarcinkoAdvisors@outlook.com
ePodiatryConsentForms.com
“Providing Management, Financial and Business Solutions for Modernity”
Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
Subscribe to get access to the rest of this post and other subscriber-only content.
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, iMBA, iMBA, Inc., Investing, Touring with Marcinko | Tagged: arbitrage, business, finance, iMBA, Investing, Marcinko, merger arbitrage, risk arbitrate, stock mis-pricing, trading | Comments Off on Understanding Merger Arbitrage Strategies
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
DEFINITION
***
***
Correlation measures the relationship between two investments–the higher the correlation, the more likely they are to move in the same direction for a given set of economic or market events. Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient which has a value that must fall between -1.0 and +1.0.
So if two securities are highly positively correlated, they will move in the same direction the vast majority of the time. Negatively correlated investments do the opposite–as one security rises, the other falls, and vice versa. No correlation means there is no relationship between the movement of two securities–the performance of one security has no bearing on the performance of the other.
CAUSATION: https://medicalexecutivepost.com/2024/06/05/correlation-is-not-causation/
Correlation is an important concept for portfolio diversification--combining assets with low or negative correlations can improve risk-adjusted performance over time by providing a diversity of payouts under the same financial conditions.
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Experts Invited, Funding Basics, Glossary Terms, Healthcare Finance, iMBA, Inc., Investing, Marcinko Associates | Tagged: causation, correlation, correlation coefficient, economy, finance, iMBA, Investing, investments, Marcinko, Medical Business Advisors Inc, medical executive post, negative corelation, personal-finance, positive corelation, statistics, stocks | Leave a comment »
SPONSOR: http://www.MarcinkoAssociates.com
By Dr. David Edward Marcinko; MBA MEd CMP™
***
***
SPONSOR: http://www.CertifiedMedicalPlanner.org
Life planning and behavioral finance as proposed for physicians and integrated by the Institute of Medical Business Advisors Inc., is unique in that it emanates from a holistic union of personal financial planning, human physiology and medical practice management, solely for the healthcare space. Unlike pure life planning, pure financial planning, or pure management theory, it is both a quantitative and qualitative “hard and soft” science, with an ambitious economic, psychological and managerial niche value proposition never before proposed and codified, while still representing an evolving philosophy. Its’ first-mover practitioners are called Certified Medical Planners™.
Life planning, in general, has many detractors and defenders. Formally, it has been defined by Mitch Anthony, Gene R. Lawrence, AAMS, CFP© and Roy T. Diliberto, ChFC, CFP© of the Financial Life Institute, in the following trinitarian way.
Financial Life Planning is an approach to financial planning that places the history, transitions, goals, and principles of the client at the center of the planning process. For the financial advisor or planner, the life of the client becomes the axis around which financial planning develops and evolves.
Financial Life Planning is about coming to the right answers by asking the right questions. This involves broadening the conversation beyond investment selection and asset management to exploring life issues as they relate to money.
Financial Life Planning is a process that helps advisors move their practice from financial transaction thinking, to life transition thinking. The first step is aimed to help clients “see” the connection between their financial lives and the challenges and opportunities inherent in each life transition.
But, for informed physicians, life planning’s quasi-professional and informal approach to the largely isolate disciplines of financial planning and medical practice management is inadequate. Today’s practice environment is incredibly complex, as compressed economic stress from HMOs managed care, financial insecurity from insurance companies, ACOs and VBC, Washington DC and Wall Street; liability fears from attorneys, criminal scrutiny from government agencies, and IT mischief from malicious electronic medical record [eMR] hackers. And economic bench marking from hospital employers; lost confidence from patients; and the Patient Protection and Affordable Care Act [PP-ACA] more than a decade ago. All promote “burnout” and converge to inspire a robust new financial planning approach for physicians and most all medical professionals.
The iMBA Inc., approach to financial planning, as championed by the Certified Medical Planner™ professional certification designation program, integrates the traditional concepts of financial life planning, with the increasing complex business concepts of medical practice management. The former topics are presented in this textbook, the later in our recent companion text: The Business of Medical Practice [Transformational Health 2.0 Skills for Doctors].
***
***
For example, views of medical practice, personal lifestyle, investing and retirement, both what they are and how they may look in the future, are rapidly changing as the retail mentality of medicine is replaced with a wholesale and governmental philosophy. Or, how views on maximizing current practice income might be more profitably sacrificed for the potential of greater wealth upon eventual practice sale and disposition.
Or, how the ultimate fear represented by Yale University economist Robert J. Shiller, in The New Financial Order: Risk in the 21st Century, warns that the risk for choosing the wrong profession or specialty, might render physicians obsolete by technological changes, managed care systems or fiscally unsound demographics. OR, if a medical degree is even needed for future physicians?
Say, what medical license?
Dr. Shirley Svorny, chair of the economics department at California State University, Northridge, holds a PhD in economics from UCLA. She is an expert on the regulation of health care professionals who participated in health policy summits organized by Cato and the Texas Public Policy Foundation. She argues that medical licensure not only fails to protect patients from incompetent physicians, but, by raising barriers to entry, makes health care more expensive and less accessible. Institutional oversight and a sophisticated network of private accrediting and certification organizations, all motivated by the need to protect reputations and avoid legal liability, offer whatever consumer protections exist today.
Yet, the opportunity to revise the future at any age through personal re-engineering, exists for all of us, and allows a joint exploration of the meaning and purpose in life. To allow this deeper and more realistic approach, the informed transformation advisor and the doctor client, must build relationships based on trust, greater self-knowledge and true medical business management and personal financial planning acumen.
[A] The iMBA Philosophy
As you read this ME-P website, we hope you will embrace the opportunity to receive the focused and best thinking of some very smart people. Hopefully, along the way you will self-saturate with concrete information that proves valuable in your own medical practice and personal money journey. Maybe, you will even learn something that is so valuable and so powerful, that future reflection will reveal it to be of critical importance to your life. The contributing authors certainly hope so.
At the Institute of Medical Business Advisors, and thru the Certified Medical Planner™ program, we suggest that such an epiphany can be realized only if you have extraordinary clarity regarding your personal, economic and [financial advisory or medical] practice goals, your money, and your relationship with it. Money is, after only, no more or less than what we make of it.
Ultimately, your relationship with it, and to others, is the most important component of how well it will serve you.
COMMENTS APPRECIATED
Read, Subscribe, Like and Refer
SPEAKING: Dr. Marcinko will be speaking and lecturing, signing and opining, teaching and preaching, storming and performing at many locations throughout the USA this year! His tour of witty and serious pontifications may be scheduled on a planned or ad-hoc basis; for public or private meetings and gatherings; formally, informally, or over lunch or dinner. All medical societies, financial advisory firms or Broker-Dealers are encouraged to submit a RFP for speaking engagements: CONTACT: MarcinkoAdvisors@outlook.com
***
Filed under: "Ask-an-Advisor", "Doctors Only", CMP Program, Experts Invited, Financial Planning, Glossary Terms, Health Economics, Healthcare Finance, iMBA, iMBA, Inc., Insurance Matters, Investing, Managed Care, Marcinko Associates, Op-Editorials, Portfolio Management, Practice Management, Practice Worth, Professional Liability, Recommended Books, Touring with Marcinko | Tagged: ACA, ACOs, behavioral finance, certified medical planner, CFP, CMP, DO, doctors practice management, DPM, finance, Financial Planning, HMO, iMBA, Investing, life planning, Marcinko, MBA, MD, medical business advisors, personal-finance, PPACA, PPO, retirement planning, VBC | 1 Comment »
By Staff Reporters
***
***
According to colleague Dan Ariely PhD, Bereavement Sex is one of those coping mechanisms that sounds strange but makes sense when you think about it. In the face of loss, our brains crave connection and comfort.
Engaging in sex after a significant loss can be a way to feel alive and regain a sense of control. It’s a testament to our complex emotional wiring, where grief and intimacy intertwine.
Psychology Today: https://www.psychologytoday.com/us/blog/all-about-sex/201911/myths-and-the-truth-about-sex-after-grieving?msockid=2d99b4712dfb6dde0d66a1522c226c4e
So, while it might seem odd, it’s just another way our brains handle the roller coaster of emotions.
COMMENTS APPRECIATED
Thank You
***
***
Filed under: Ethics, Experts Invited, Glossary Terms, iMBA, Inc., LifeStyle, mental health, Risk Management | Tagged: bereavement sex, books, coitus, Dan Ariely PhD, grief, iMBA, intimacy, medical business advisors, medical executive post, mental health, psychology, psychology today, sex | Leave a comment »
A FREE WHITE PAPER UPON E-MAIL REQUEST
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Several years ago we noted that far too many mid-career, mature and physician clients using traditional stock brokers, management consultants and “financial advisors”, seemed to be less successful than those who went it alone. These Do-it-Yourselfers [DIYs] had setbacks and made mistakes, for sure. But, the ME Inc,. doctors seemed to learn from their mistakes and did not incur the high management and service fees demanded from general or retail one-size-fits-all “advisors.”
In fact, an informal inverse related relationship was noted, and dubbed the “Doctor Effect.” In other words, the more consultants an individual doctor retained; the less well they did in all disciplines of the financial planning, professional portfolio and investing continuum.
Of course, the reason for this discrepancy eluded many of them as Wall Street brokerages and wire-houses flooded the media with messages, infomercials, print, radio, TV, texts, tweets, and internet ads to the contrary. Rather than self-learn the basics, the prevailing sentiment seemed to purse the holy grail of finding the “perfect financial advisor.” This realization was a confirmation of the industry culture which seemed to be: Bread for the advisor – Crumbs for the client!
And so, we at the the Institute of Medical Business Advisors Inc. (iMBA), and this Medical Executive-Post, formed a cadre’ of technology focused and highly educated doctors, financial advisors, attorneys, accountants, psychologists and educational visionaries who decided there must be a better way for their healthcare colleagues to receive financial planning advice, products and related management services within a culture of fiduciary responsibility.
We trust you agree with this ME Inc philosophy as illustrated in this free white paper available upon request.
PROFESSIONAL PORTFOLIO CONSTRUCTION [Investing Assets and their Management]
Subscribe, Read, Like and Refer
Email whiote paper request here: MarcinkoAdvisors@outlook.com
***
***
Filed under: "Advisors Only", "Doctors Only", Experts Invited, Financial Advisor Listings, Financial Planning, iMBA, Inc., Investing | Tagged: blog, finance, financial advisors, iMBA, Investing, investment, Marcinko, Marcinko Associates, ME-P, personal-finance, stock brokers | Leave a comment »
By Staff Reporters
***
***
Capital is not flowing from developed countries to developing countries despite the fact that developing countries have lower levels of capital per worker, and therefore higher returns to capital.
Classical economic theory predicts that capital should flow from rich countries to poor countries, due to the effect of diminishing returns of capital. Poor countries have lower levels of capital per worker – which explains, in part, why they are poor. In poor countries, the scarcity of capital relative to labor should mean that the returns related to the infusion of capital are higher than in developed countries.
In response, savers in rich countries should look at poor countries as profitable places in which to invest. In reality, things do not seem to work that way. Surprisingly little capital flows from rich countries to poor countries.
This puzzle, famously discussed in a paper by Robert Lucas in 1990, is often referred to as the “Lucas Paradox”.
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Ethics, Experts Invited, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Taxation | Tagged: 2024, classic economics, Diminishing Returns, iMBA, Lucas paradox, marxism, philosophy, politics, Robert Lucas | Leave a comment »
By Staff Reporters
***
***
Outcome bias is judging a decision based on its result rather than the quality of the decision at the time it was made.
It’s like saying a bad poker play was smart because you won the hand. Or, a bad stock picker or financial advisor was good because the price went up!
According to psychologist and colleague Dan Ariely PhD, this bias ignores the process and focuses solely on the outcome. It’s why we celebrate lucky breaks and criticize thoughtful risks that didn’t pan out.
So, the next time you’re evaluating a decision, focus on the reasoning behind it, not just the end result.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Ethics, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, LifeStyle, mental health | Tagged: AI, artificial intelligence, bias, CFP, CMP, Dan Ariely PhD, decision bias, financial advisor, iMBA, mental health, outcome, outcome bias, outcomes, psychology, reasoning, stock brokers, Technology | Leave a comment »
By Dr. David Edward Marcinko MBA MEd CMP™
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Choice Overload is the difficulty in making a decision when faced with too many options. It’s like standing in front of an ice cream counter with 31 flavors and feeling paralyzed.
Among personal decision-makers, a prevention focus is activated and people are more satisfied with their choices after choosing among few options compared to many options, i.e. choice overload. However, individuals can also experience a reverse choice overload effect when acting as proxy decision-maker, too.
It is widely accepted that having more choices is inherently positive. When there are more available options from which to choose, an individual is more likely to be able to select the particular option that is the best fit and most likely to satisfy them. Choice is typically thought to be related to personal freedom and enhanced well-being.
Therefore, according to colleague Neal Baum MD, for most individuals the ultimate goal is to constantly maximize their choices in life to increase their overall satisfaction and well-being. The decision-making process, however, is a complex cognitive task that does not always lead to positive outcomes.
Thus, while having options is generally good, too many choices can lead to anxiety and decision fatigue. This is why curated selections and recommendations are so popular – they simplify the decision-making process’ according to another colleague Dan Ariely PhD.
So, when you’re overwhelmed by choices, narrow them down to a manageable number and make your decision easier.
COMMENTS APPRECIATED
Please Subscribe!
***
***
Filed under: "Doctors Only", CMP Program, Ethics, Glossary Terms, iMBA, iMBA, Inc., LifeStyle, mental health, Military Medicine | Tagged: choice overload, CMP, Dan Ariely, iMBA, Institute Medical Business Advisors, medical executive post, mental health, Neal Baum, psychology, reverse choice overload, sychiatry | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
DEFINITIONS
***
***
Commodities: Commodities are raw materials or primary agricultural products that can be bought or sold on an exchange or market. Examples include grains such as corn, foods such as coffee, and metals such as copper.
Commodity Futures: Agreements to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date related to basic raw materials such as precious metals and natural resources.
Commodity Intensity: Commodity intensity refers to commodity usage per unit of economic growth. An emerging, more manufacturing-based economy will usually be more commodity intensive in terms of its growth than will a more developed, service-oriented economy.
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Experts Invited, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Marcinko Associates, Portfolio Management | Tagged: agricultural products, commodities, commodity, commodity futures, commodity intensity, futures, iMBA, Marcinko, medical executive post, raw materials | Leave a comment »
DEFINITION
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
The Information Ratio (IR) is a risk-adjusted rate of return measure for comparing the performance of active investment managers over time. Its purpose is to help determine how much return an active portfolio manager has added per unit of active management risk.
Think of IR as a Sharpe Ratio for active investment management; the IR is more focused than the Sharpe Ratio. Starting with the Sharpe Ratio’s formula, if we replace the excess return in the numerator with a portfolio’s active return (the average annualized return of an actively managed portfolio minus the average annualized return of the portfolio’s benchmark over a given period, adjusted for the portfolio’s market risk exposure), and you replace the Sharpe Ratio’s standard deviation of excess returns in the denominator with the standard deviation of a portfolio’s active returns over the period, you have the IR.
While the Sharpe Ratio expresses the amount of excess return per unit of overall risk, the IR computes only the active management-driven (alpha) returns per unit of alpha-driven risk. And while the Sharpe Ratio’s excess returns are calculated with regard to what is considered to be a relatively risk-free asset, such as a U.S. Treasury bill, the IR’s active returns are calculated with regard to each portfolio’s specific market benchmark.
The higher the IR, the better. The IR should be measured over a meaningful period of time, typically at least three to five years. The IR is not perfect–it can be influenced by external factors such as changes in market volatility. The standard deviation of active returns in the IR’s denominator is called tracking error. Tracking error will tend to increase in volatile markets for even the best active managers.
COMMENTS APPRECIATED
Subscribe Today
FINANCIAL PLANNING: https://tinyurl.com/yc7bcy4u
***
Filed under: "Ask-an-Advisor", Funding Basics, Glossary Terms, Health Economics, iMBA, Inc., Investing, Marcinko Associates | Tagged: iMBA, information ratio, Institute Medical Business Advisors, Marcinko, medical executive post, Sharpe Ratio, tracking error | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Two years ago, prior to the 2022 election, mental health experts alerted the medical world to their version of an assessment scale for yet another new condition – “doomscrolling.”
As defined by the National Library of Medicine in the article, “Constant exposure to negative news on social media and news feeds could take the form of ‘doomscrolling’ which is commonly defined as a habit of scrolling through social media and news feeds where users obsessively seek for depressing and negative information.”
And so, formally Doomscrolling or doomsurfing is the act of spending an excessive amount of time reading large quantities of news, particularly negative news, on the web and social media. Doomscrolling can also be defined as the excessive consumption of short-form videos or social media content for an excessive period of time without stopping. The concept was coined around 2020, particularly in the context of the COVID pandemic.
Surveys and studies suggest doomscrolling is predominant among youth. It can be considered a form of internet addiction disorder. In 2019, a study by the National Academy of Sciences found that it can be linked to a decline in mental and physical health. Numerous reasons for doomscrolling have been cited, including negativity bias and FOMO [fear of missing out], and attempts at gaining control over uncertainty.
QUERY: What about the roaring stock market, post the 2024 presidential election. Fundamental analysis or FOMO?
COMMENTS APPRECIATED
Thank You
Filed under: "Doctors Only", Career Development, Ethics, Experts Invited, Financial Planning, Glossary Terms, iMBA, iMBA, Inc., Information Technology, LifeStyle, Marcinko Associates, mental health, Risk Management | Tagged: addiction, anxiety, doom, doomscrolling, doomsurfing, FOMA, health, iMBA, Marcinko, mental health, news feeds, social media, web | Leave a comment »
By Staff Reporters
***
***
Similar to the availability heuristic (Tversky & Kahneman, 1974) and to some extent, the false consensus effect, once you really understand a new piece of information, that piece of information is now available to you and often becomes seemingly obvious. It might be easy to forget that there was ever a time you didn’t know this information and so, you assume that others, like yourself, also know this information: ie., the curse of knowledge.
However, it is often an unfair assumption that others share the same knowledge.
And so, the hindsight bias is similar to the curse of knowledge in that once we have information about an event, it then seems obvious that it was going to happen all along.
IOW: I should have seen it coming!
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Doctors Only", Ethics, Experts Invited, Glossary Terms, LifeStyle, mental health | Tagged: Amos Tversky, availability heuristic, bias, curse knowledge, Daniel Kahneman, false consensus effect, hindsight bias, iMBA, Institute Medical Business Advisors, Medical Business Advisors Inc | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Market Capitalization: Market capitalization is the market value of all the equity of a company’s common and preferred shares. It is usually estimated by multiplying the stock price by the number of shares for each share class and summing the results.
Market Depth: The degree to which a market can execute large market orders without impacting the price of a security. For example, a “deep” market for a stock will have a sufficient number of both bid and ask orders to keep a big order from significantly moving the security’s price.
Market Maker: A market maker exists to “create a market” for specific company securities by being willing to buy and sell those securities at a specified displayed price and quantity to broker-dealer firms that are members of the exchange. These firms help keep financial markets liquid by making it easier for investors to buy and sell securities–they ensure that there is always someone to buy and sell to at the time of trade.
Market Neutral: Equity market neutral strategies seek to eliminate the risks of the equity market by holding up to 100% of net assets in long equity positions and up to 100% of net assets in short equity positions. These strategies attempt to exploit differences in stock prices by being long and short in stocks within the same sector, industry, market capitalization, etc. If successful, these strategies should generate returns independent of the equity market. Equity market neutral portfolios have two key sources of return:
It’s important to point out that here is the risk of theoretical unlimited amount of loss with short selling, (i.e. the price of the short-sold stocks increases; the long position can only go down to $0).
Market Order: An order placed with a bank or brokerage firm to immediately buy or sell a security at the best available current price. May also be referred to as an “unrestricted order.”
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Thank You
FINANCIAL PLANNING: https://tinyurl.com/yc7bcy4u
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, iMBA, iMBA, Inc., Investing, Marketing & Advertising | Tagged: finance, iMBA, Investing, Marcinko, market capitalization, market maker, market neutral, Market Order, Medical Business Advisors Inc, medical executive post, stock market, stock markets | Leave a comment »
By Staff Reporters
***
***
The Shadow Self is like the dark twin you never knew you had. It’s the part of your personality that lurks in the background, hiding your less-than-perfect traits. Think of it as the villain in your personal movie, full of suppressed desires and impulses.
According to colleague Dan Ariely PhD, acknowledging your shadow self can be a bit like therapy – uncomfortable but ultimately enlightening.
So, embrace your inner Darth Vader, and you might just find a better balance between light and dark.
COMMENTS APPRECIATED
Subscribe Now!
***
***
Filed under: "Doctors Only", Ethics, Experts Invited, Glossary Terms, iMBA, Inc., LifeStyle | Tagged: Dan Ariely PhD, darth vader, iMBA, shadow self | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Municipal Securities (munis): Debt securities typically issued by or on behalf of U.S. state and local governments, their agencies or authorities to raise money for a variety of public purposes, including financing for state and local governments as well as financing for specific projects and public facilities. In addition to their specific set of issuers, the defining characteristic of munis is their tax status. The interest income earned on most munis is exempt from federal income taxes. Interest payments are also generally exempt from state taxes if the bond owner resides within the state that issued the security. The same rule applies to local taxes.
Another interesting characteristic of munis: Individuals, rather than institutions, make up the largest investor base. In part because of these characteristics, munis tend to have certain performance attributes, including higher after-tax returns than other fixed income securities of comparable maturity and credit quality and low volatility relative to other fixed-income sectors.
The two main types of munis are general obligation bonds (GOs) and revenue bonds. GOs are munis secured by the full faith and credit of the issuer and usually supported by the issuer’s taxing power. Revenue bonds are secured by the charges tied to the use of the facilities financed by the bonds.
Municipal Yield Curve: The yield curve that illustrates the yields of a certain type of municipal security at its various maturities.
Municipal Yield Ratio: A yield ratio most often used to determine the relative value of municipal securities compared with U.S. Treasury securities. The ratio consists of the yield of a municipal security of a certain maturity divided by the yield of a U.S. Treasury security of the same maturity.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Financial Advisor Listings, Financial Planning, Funding Basics, iMBA, iMBA, Inc., Investing, Marcinko Associates | Tagged: bonds, finance, iMBA, Investing, investment, Marcinko, municipal securities, municipal yield curve, municipal yield ratio, municipals, munis, personal-finance | Leave a comment »
LTC
By Anonymous Insurance Agent
***
***
Some retired people live on a fixed income and many of them live right on the edge of their financial capability. At some time in their life, they may have to make a choice regarding many purchases. In this case, we will illustrate “choice” using a couple’s purchase of Long-Term-Care Insurance [LTCI].
Of course, economics is the study of choice; wants, needs and scarcity, etc. In our case, if they decide to make the purchase they commit to a lifetime of premium payments. The financial tradeoff is this; if they make the commitment to purchase LTCI, they must give up something else.
CITE: https://www.r2library.com/Resource/Title/0826102549
Example: In order to maintain a monthly premium of $100 ($1,200per year), an elderly patient, retired layman or couple must essentially relegate about $30,000 of financial assets to generate the $100 necessary to make an average premium payment (assumes a 7% rate of return with 4% withdrawal rate) or [4% X $30,000 = $1,200 year]. Thus, if the monthly premium cost is $500 per month, the elder must give up the use of $150,000 of retirement asset just to generate enough cash flow to pay for the LTC insurance.
The married elder couple has to make the decision among lifestyle (dinners, vacations, gifts to children, prescription drugs, medical care or food and shelter) versus paying an insurance premium to provide for nursing home coverage for a need, which may be very real, but will not occur until sometime in the ambiguous future.
And so, when faced with such a tough economics, neither of which delivers peace of mind or a respectable solution; many will simply decide that, in either case, they may already end up impoverished.
Thus, many will often opt for the better lifestyle now … while they can enjoy it … together.
COMMENTS APPRECIATED
Subscribe Today!
***
HEALTH INSURANCE: https://tinyurl.com/4cf6rat9
***
Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, Drugs and Pharma, Ethics, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, iMBA, Inc., Insurance Matters, Investing | Tagged: finance, Financial Planning, Health Insurance, iMBA, insurance, life insurance, long term care, long term care insurance, LTC, LTC insurance, personal-finance | Leave a comment »
DEFINITIONS
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Real Bond Yield: For most bonds and other fixed-income securities, real yield is simply the yield you see listed online or in newspapers minus the premium added to help counteract the effects of inflation. Most “nominal” fixed-income yields include an “inflation premium” that is typically priced into the yields to help offset the effects of inflation.
Real yields, such as those for TIPS, don’t have the inflation premium. As a result, TIPS yields and other real yields are typically lower than most nominal yields
Negative Bond Yield: In a normal bond market environment, bond yields are positive, and bond issuers (including governments) make interest payments to investors who lend them money.
In an abnormal, or negative-yield environment, investors essentially pay the bond issuer to hold their money.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Accounting, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Touring with Marcinko | Tagged: bond yields, bonds, economy, finance, iMBA, Investing, Marcinko, negative bond yields, personal-finance, real bond yields, TIPs | Leave a comment »
By Dr. David Edward Marcinko MBA MEd CMP
SPONSOR: http://www.MarcinkoAssociates.com
***
***
“Paradox of Medical Progress” is a language of medicine is loaded with misnomers, inaccuracies, and ambiguities, and is in need of reform.
Paradoxes on the other hand, deserve a different kind of attention. These seeming self-contradictions are set apart from other inconsistencies because of the truths they tell. The veracity of a paradox is at once appealing and vexing. Anyone who has tried to suppress a thought knows that trying not to think of white polar bears is a sure way to think of white polar bears!
The comic impact of a paradox was even famously explored in Joseph Heller’s Catch 22 and in Groucho Marx’s reluctance to be a member of any club that would accept him. However, the provocative nature of a paradox is its capacity to express familiar wisdom and this is particularly evident in medical science.
The more we learn, the more we learn how much we still have to learn; whereas, “what gets us into trouble is not what we don’t know, it’s what we know for sure that just ain’t so.”
On the significance of the knowledge paradox in biology, Lewis Thomas regarded ignorance as the only scientific truth of which he was confident, and discovering “the depth and scope of ignorance” as the greatest contribution of modern science.
COMMENTS APPRECIATED
Please Subscribe Today!
***
***
Filed under: "Doctors Only", Ethics, Glossary Terms, iMBA, Inc., LifeStyle, Marcinko Associates, mental health | Tagged: Catch 22, Groucho Marx, IInstitute of Medical Business Advisors, iMBA, Joseph Heller, Lewis Thomas, life, Marcinko, medica executive post, paradox, paradox medical progress, philosophy | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
DEFINITIONS
***
***
Basis Points are used in financial literature to express values that are carried out to two decimal places (hundredths of a percentage point), particularly ratios, such as yields, fees, and returns. Basis points describe values that are typically on the right side of the decimal point–one basis point equals one one-hundredth of a percentage point (0.01%). So 25 basis points equals 0.25%, and 50 basis points equals 0.50%.
Only when basis points equal or exceed 100 does the value move to the left of the decimal point–100 basis points equals 1.00%, 500 basis points equals 5.00%, etc.
CITE: https://www.r2library.com/Resource/Title/0826102549
Bid/Ask Spread (also known as bid/offer spread) is the difference between the National Best Bid and the National Best Offer, which represents the implied cost to trade a security.
As compensation for the risk taken, the market maker (or dealer) earns the bid/offer spread in exchange for facilitating the trade. Wider spreads generally indicate higher costs associated with trading the underlying assets in the ETF, hedging costs, inventory management costs, and general market risk.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Thank You
Please Subscribe
***
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, iMBA, iMBA, Inc., Investing, Marcinko Associates, Touring with Marcinko | Tagged: basis point, basis points, bid/ask spread, bid/offer spread, economy, ETF, finance, iMBA, Institute Medical Business Advisors, Investing, Marcinko, Medical Business Advisors Inc, real-estate, stocks | Leave a comment »
DEFINITION
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Prepayment risk is typically used in reference to mortgage-backed securities. It refers to the risk that mortgage refinancing activity might increase when market interest rates decline, which is generally not favorable for MBS investors.
For example, when homeowners refinance their mortgages, MBS investors are “prepaid,” shortening the life of their investments and forcing investors to reinvest the proceeds under lower interest rate conditions than what were most likely prevailing at the time of the original MBS investment.
Price adjustments for prepayment risk are one factor that helps explain why MBS, despite their generally high credit quality, have higher yields than comparable-maturity Treasury securities.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Accounting, Financial Planning, Funding Basics, Glossary Terms, iMBA, iMBA, Inc., Investing, Marcinko Associates, Mortgage Electronic Registry System, Taxation, Touring with Marcinko | Tagged: iMBA, Institute Medical Business Advisors, Marcinko, mbs, medical executive post, mortgage-backed securities., prepayment risk, treasury securities | Leave a comment »
By Dr. David Edward Marcinko MBA MEd CMP™
SPONSOR: http://www.CertifiedMedicalPlanner.org
***
***
CHARGE MASTER MEDICAL BILLS
Classic Definition: A comprehensive review of a physician, clinic, facility, medical provider or hospital’s charges to ensure Medicare billing compliance through complete and accurate HCPCS/CPT and UB-92 revenue code assignments for all items including supplies and pharmaceuticals. The charge master captures the costs of each procedure, service, supply, prescription drug, and diagnostic test provided at the hospital, as well as any fees associated with services, such as equipment fees and room charges
Modern Circumstance: A charge master quizlet (charge description master [CDM]) document that contains a computer-generated list of procedures, services, and supplies with charges for each. Charge master rates are essentially the health care market equivalent of Manufacturer’s Suggested Retail Price (MSRP) in the car buying market. Poor charge master maintenance can lead to overpayments or underpayments. It can also lead to claim rejections from insurance companies, poor patient experience, or compliance violations.
Paradox Examples:
COMMENTS APPRECIATED
Subscribe Today!
***
***
***
Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Accounting, CMP Program, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, Inc., Insurance Matters, Managed Care, Marcinko Associates | Tagged: business, charge master, CMP, healthcare, iMBA, Institute Medical Business Advisors, logistics, Marcinko, medical bills, medical bills charge master, medical business advisors, medical executive post, SCM, supply chain, supply chain management | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
A trader can gain by throwing away some of his/her initial endowment.
SAMPLE: There is an economy with two commodities (x and y) and two traders (e.g. Alice and Bob).
The “throw away paradox” was first described by Robert J. Aumann and B. Peleg as a note on a similar paradox by David Gale.
COMMENTS APPRECIATED
Subscribe Today
***
***
Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Financial Advisor Listings, Financial Planning, Funding Basics, Glossary Terms, Health Economics, iMBA, iMBA, Inc., Investing, Marcinko Associates | Tagged: B. Peleg, David Gale, endowment, iMBA, life, Marcinko, paradox, personal, philosophy, Robert Aumann, throw away paradox, trader | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
A Stop order, also known as a “stop-loss order,” a stop order is an order placed with a bank or brokerage firm to either buy or sell a security after it reaches a specified price. Once the price is reached, the stop order becomes a market order, meaning there is no guarantee that an order will be completely filled at the specified stop price.
MORE: https://medicalexecutivepost.com/2024/08/30/stock-orders-positions-doctors-should-know/
A Stop-limit order is order placed with a bank or brokerage firm to buy or sell a fixed amount of an investment after it reaches a specified or better price, combining the features of a stop order and a limit order.
MORE: https://medicalexecutivepost.com/2024/08/07/about-securities-order-and-position-types/
A stop-limit order requires investors to set two price points: the first initiates the stop (the order to buy or sell) and the second sets the limit, or price beyond which the investor would not like to buy or sell. The investor also sets a time frame for which the order is valid before being cancelled. If the investor’s price cannot be met during the specified time frame, the order will be cancelled.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Experts Invited, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Marcinko Associates | Tagged: crypto, cryptocurrency, finance, iMBA, Investing, Marcinko, securities, stock market, stocks, stop limit order, stop loss order, stop order | Leave a comment »
By Staff Reporters
***
***
You may have heard the complaint that the internet, blogs, vlogs and social media will be the downfall of information dissemination; but, Socrates reportedly said the same thing about the written word.
Declinism refers to a bias in favor of the past over and above “how things are going.” Similarly, you might know a member of an older generation who prefaces grievances with, “Well, back in my day” before following up with how things are supposedly getting worse.
The decline bias may result from something before — we just don’t like change. People like their worlds to make sense, they like things wrapped up in nice, neat little packages.
Our world is easier to engage in when things make sense to us. When things change, so must the way in which we think about them; and because we are cognitively lazy (Kahenman, 2011; Simon, 1957), we try our best to avoid changing our thought processes.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: Ethics, Experts Invited, Glossary Terms, iMBA, LifeStyle | Tagged: Change, decline, decline bias, declinism, iMBA, inspiration, Kahneman, Socrates | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
***
***
The number of people living with Alzheimer’s disease is growing. The ripple effect is straining families, communities, and the healthcare system, yet talking about the disease on a personal level can be difficult.
November is Alzheimer’s Awareness Month because it can happen in any family, and because it’s worth talking about the challenges of living with or caring for someone with this disease.
You may notice splashes of teal and purple sprouting up this November, as both colors are associated with Alzheimer’s awareness. Teal is the color of the Alzheimer’s Foundation of America, chosen for its calming effect. Purple is the signature color of the Alzheimer’s Foundation, which stands for strength in the fight against Alzheimer’s disease.
***
COMMENTS APPRECIATED
Please Subscribe Today!
***
***
Filed under: "Doctors Only", Experts Invited, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, Inc., Research & Development, Retirement and Benefits, Risk Management, Touring with Marcinko | Tagged: Alzheimer, Alzheimer's disease, Alzheimer’s Disease Awareness Month, alzheimers, dementia, health, iMBA, Marcinko, mental health, November Alzheimer's Month | Leave a comment »
By Staff Reporters
***
***
The Fight or Flight Response is our built-in alarm system, ready to spring into action at the first sign of danger. Whether it’s a charging lion or an impending deadline, our bodies react the same way – heart racing, adrenaline pumping, ready to fight or flee. This ancient survival mechanism is great for escaping predators but less helpful when dealing with modern stressors.
So, the next time you feel your heart racing over a tough email or stock market loss, remember: it’s just your caveman brain doing its thing.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Doctors Only", Career Development, Ethics, iMBA, Inc., LifeStyle, mental health | Tagged: caveman, fight, fight or flight, flight, freeze, iMBA | Leave a comment »
INVESTING DEFINITION
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Social Proof is a subtle but powerful reality that having others agree with a decision one makes, gives that person more conviction in the decision, and having others disagree decreases one’s confidence in that decision.
This bias is even more exaggerated when the other parties providing the validating/questioning opinions are perceived to be experts in a relevant field, or are authority figures, like doctors, attorneys, financial advisors, teachers and/or people on television. In many ways, the short term moves in the stock market are the ultimate expression of social proof – the price of a stock one owns going up is proof that a lot of other people agree with the decision to buy, and a dropping stock price means a stock should be sold.
According to colleague Dan Ariely PhD, when these stressors become extreme, it is of paramount importance that all participants in the financial planning and investing process have a clear understanding of what the long-term goals are, and what processes are in place to monitor the progress towards these goals.
Without these mechanisms it is very hard to resist the enormous pressure to follow the crowd; think social media and related influences.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Accounting, Ethics, Experts Invited, Financial Planning, Glossary Terms, iMBA, iMBA, Inc., Investing, LifeStyle, Marcinko Associates | Tagged: bias, Dan Ariely PhD, finance, financial advisor, iMBA, Influencers, Investing, Marcinko, personal-finance, social media, social proof, social proof bias, stock broker, stock market, stocks | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Convertible securities are those that can be converted at the investor’s choice into other investments, normally into shares of the issuer’s underlying common stock. Convertibles are typically issued as bonds or preferred stock.
Convertible bonds, which provide an ongoing stream of income, can be converted into a preset number of shares of the company’s common stock and have a maturity date. Unlike common stock, which pays a variable dividend depending on a corporation’s earnings, convertible preferred stock pays a fixed quarterly dividend. It can be converted into common stock at any time, but often are perpetual.
Corporate securities (corporate bonds and notes) are debt instruments issued by corporations, as distinct from those issued by governments, government agencies, or municipalities.
Corporate securities typically have the following features: 1) they are taxable, 2) they tend to have more credit (default) risk than government or municipal securities, so they tend to have higher yields than comparable-maturity securities in those sectors; and 3) they are traded on major exchanges, with prices published in newspapers.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Experts Invited, Financial Advisor Listings, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Marcinko Associates | Tagged: convertible bonds, convertible securities, convertible stock, corporate securities, finance, iMBA, Investing, investment, Marcinko, personal-finance, stocks | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Equity market neutral strategies seek to eliminate the risks of the equity market by holding up to 100% of net assets in long equity positions and up to 100% of net assets in short equity positions. These strategies attempt to exploit differences in stock prices by being long and short in stocks within the same sector, industry, market capitalization, etc. If successful, these strategies should generate returns independent of the equity market.
Equity market neutral portfolios have two key sources of return: 1) the Treasury Bill return (the interest on proceeds from short sales held in cash as collateral), and 2) the difference (the “spread”) between the return on the long positions and the return on the short positions. Stock picking, rather than broad market moves, should drive most of a market-neutral strategy’s total return (save for any return from the 100% cash position).
CITE: https://www.r2library.com/Resource
Extended Equity Strategies attempt to provide better returns than possible with long-only investments
An example of an extended equity strategy is a 130/30 portfolio, which gets its designation from taking a 130% long position and a 30% short position. In practice, this would mean $100mm invested in stocks that are viewed as attractive.
Next, the manager would borrow and sell short $30mm of unattractive stocks. Then the manager uses the proceeds from the short sale to buy an additional $30mm of attractive stocks. This results in a portfolio that has 130% long and 30% short exposure to stocks, or “extended” exposure to equities relative to a long-only, 100% stock portfolio.
Note: It’s important to point out that here is the risk of theoretical unlimited amount of loss with short selling, (i.e. the price of the short-sold stocks increases; the long position can only go down to $0).
CITE: https://www.r2library.com/Resource
COMMENTS APPRECIATED
Subscribe Today!
Thank You
***
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Marcinko Associates | Tagged: DEI, diversity, equity, equity strategies, equity stratigies, extended equity strategies, extended equity strategy, iMBA, inclusion, Institute Medical Business Advisors, Investing, investing strategies, Marcinko, medical business advisors | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MARCINKOASSOCIATES.com
THE SURPRISE MEDICAL TEST PARADOX
***
***
Classic Definition: A doctor announces to her hospitalized patient that there will be a painful medical test sometime during the following week. The patient begins to speculate about when it might occur, until another patient announces that there is no reason to worry because a medical surprise test is impossible.
The test cannot be given on Friday, because by the end of the day on Thursday we would know that the test must be given the next day. Nor can the test be given on Thursday, because, given that we know that the test cannot be given on Friday, by the end of the day on Wednesday we would know that the test must be given the next day. And likewise for Wednesday, Tuesday, and Monday!
Modern Circumstance: The patient spends a restful weekend not worrying about the test, yet is very surprised when it is given on Wednesday. How could this happen?
Paradox Example: There are various versions of this paradox; one of them, called the Hangman, concerns a condemned prisoner who is clever but ultimately overconfident. The implications of the paradox are as yet unclear, and there is virtually no agreement about how it should be solved.
COMMENTS APPRECIATED
Subscribe Today!
***
***
***
Filed under: Ethics, Experts Invited, Glossary Terms, iMBA, Inc., LifeStyle, Marcinko Associates, mental health | Tagged: hangman, iMBA, Marcinko, medcial test, medical executive post, medical tests, the hangman | Leave a comment »
By Dr. David Edward Marcinko MBA MEd CMP™
SPONSOR: http://www.MarcinkoAssociates.com
SPONSOR: http://www.CertifiedMedicalPlanner.org
***
***
Yield: For bonds and other fixed-income securities, yield is a rate of return on those securities. There are several types of yields and yield calculations. “Yield to maturity” is a common calculation for fixed-income securities, which takes into account total annual interest payments, the purchase price, the redemption value, and the amount of time remaining until maturity.
Yield curve: A line graph showing the yields of fixed income securities from a single sector (such as Treasuries or municipals), but from a range of different maturities (typically three months to 30 years), at a single point in time (often at month-, quarter- or year-end). Maturities are plotted on the x-axis of the graph, and yields are plotted on the y-axis. The resulting line is a key bond market benchmark and a leading economic indicator.
Yield to maturity [real yield to maturity]: Yield to maturity is a common performance calculation for fixed-income securities, which takes into account total annual interest payments, the purchase price, the redemption value, and the amount of time remaining until maturity. Real yield to maturity is simply yield to maturity minus any “inflation premium” that had been added/priced in. (See Real yield.)
Yield ratio: A ratio of one yield divided by another. Most often used as a relative value measurement.
Yield spread: A “spread,” in fixed income parlance, is simply a difference. Yield spreads measure yield differences, typically between debt securities with high credit ratings (which typically have lower yields) and those with lower ratings (which typically have higher yields). Yield spreads can also be measured between debt securities with different maturities (shorter-maturity securities typically have lower yields and longer-maturity securities typically have higher yields).
Yield trap: An investment that can lure investors with an attractive yield that may not be fundamentally sustainable, or that may lead to undesired price volatility. Yield traps can lurk in both the equity and fixed income markets. They have a tendency to prey on those who can least afford them, including retirement investors looking for increased relative income and stability, who may have been too focused on their income goals and not enough on stability.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: Accounting, CMP Program, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Sponsors, Taxation, Touring with Marcinko | Tagged: bond income, bond yield, bonds, CMP, finance, iMBA, Investing, Marcinko, personal-finance, stocks, tield trap, yield curve, yield ratio, yield spread, yield to maturity | Leave a comment »
November 13th, 2024
***
***
World Kindness Day is an international holiday first introduced in 1998 by the World Kindness Movement.
The holiday is devoted to promoting kindness throughout the world, understanding the positive potential of large and small acts of kindness, and unifying together as human beings.
WKD: https://worldkindness.org/
COMMENTS APPRECIATED
Subscribe Today!
***
Filed under: Breaking News, Ethics, Events-Planner, iMBA, LifeStyle, Marcinko Associates, mental health | Tagged: iMBA, kindness, Marcinko, World Kindness Day, world kindness movement | 1 Comment »
MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
***
Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants
“Serving Almost One Million Doctors, Financial Advisors and Medical Management Consultants Daily“
A Partner of the Institute of Medical Business Advisors , Inc.
http://www.MedicalBusinessAdvisors.com
SPONSORED BY: Marcinko & Associates, Inc.
***
http://www.MarcinkoAssociates.com
| Daily Update Provided By Staff Reporters Since 2007. How May We Serve You? |
| © Copyright Institute of Medical Business Advisors, Inc. All rights reserved. 2024 |
REFER A COLLEAGUE: MarcinkoAdvisors@msn.com
SPONSORSHIPS AVAILABLE: https://medicalexecutivepost.com/sponsors/
ADVERTISE ON THE ME-P: https://tinyurl.com/ytb5955z
Your Referral Count -0-
The operator of the longest-running money laundering machine in dark web history, Bitcoin Fog, has been sentenced to 12 years and six months in US prison. Roman Sterlingov, 36, a Russian-Swedish national, was also ordered to repay more than half a billion dollars accrued from the cryptocurrency mixing service that he ran for a decade between 2011 and 2021.
CITE: https://www.r2library.com/Resource
Stocks Up
Here’s where the major benchmarks ended:
CITE: https://tinyurl.com/tj8smmes
Chegg is on the verge of collapse. Its stock is down 99% since 2021, the Wall Street Journal reported, wiping out nearly $15 billion in market value.
Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
COMMENTS APPRECIATED
PLEASE SUBSCRIBE: MarcinkoAdvisors@msn.com
Thank You
***
***
***
***
EDUCATIONAL TEXTBOOKS: https://tinyurl.com/4zdxuuwf
***
Filed under: Accounting, Ethics, Experts Invited, Financial Planning, Funding Basics, Health Economics, iMBA, Information Technology, Investing, Marcinko Associates, Recommended Books, Sponsors | Tagged: Bitcoin Fog, Chegg, DJIA, DOW, finance, iMBA, Investing, Marcinko, NASA, NASDAQ, Roman Sterlingov, S&P 500, stocks, Technology, textbooks, TNX, VIX, WSJ | Leave a comment »
By Staff Reporters
***
***
Doctors, Facing Another Pay Cut, Call for Permanent Medicare Payment Reform
The Centers for Medicare and Medicaid Services (CMS) is moving forward with a 2.9% cut to physician payments in 2025 despite protest from major industry groups. CMS has finalized the calendar year 2025 Medicare Physician Fee Schedule rule that sets payment rates for next year and also outlines new policies focused on primary care, preserved telehealth flexibilities, and a strengthened Medicare Shared Savings Program (MSSP).
But, provider groups were quick to condemn CMS’ decision to go ahead with the pay cut, which was proposed in the draft rule released in July. In a statement, Bruce Scott, MD, president of the American Medical Association (AMA), pointed out that that while physicians are receiving a 2.8% payment cut next year, medical practice costs for physicians will increase by 3.5% in 2025. After adjusted for inflation, Medicare reimbursement to physicians has decreased 29% since 2001, the AMA says.
Source: Heather Landi, Fierce Healthcare [11/2/24]
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Doctors Only", Accounting, Career Development, Drugs and Pharma, Ethics, Experts Invited, Funding Basics, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, iMBA, iMBA, Inc., Industry Indignation Index, Insurance Matters, LifeStyle, Managed Care | Tagged: AMA, Bruce Scott MD, CMS, CMS pay cuts, doctor pay, doctor pay cuts, Fierce Healthcare, health, Heather Landi, iMBA, Medicare Shared Savings program, MSSP, news, physician pay, physician pay cuts, teleHealth, telemedicine | Leave a comment »
DEFINITIONS
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Zero-coupon securities (aka zeros) are debt securities [bonds] that, unlike most of their debt security counterparts, make no periodic interest payments to investors. Instead, they are sold at a deep discount (with an imputed interest rate priced into the discount), then redeemed for their full face value at maturity.
CITE: https://www.r2library.com/Resource/Title/0826102549
When held to maturity, a zero’s entire return comes from the difference between its purchase price and its value at maturity.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: Glossary Terms, iMBA, iMBA, Inc., Investing, Marcinko Associates, Portfolio Management | Tagged: debt securities, iMBA, Marcinko, zero bonds, zero coupon bonds, zero coupons, Zero-coupon securities, zeros | Leave a comment »
By Staff Reporters
***
***
Angus Deaton’s 1980s studies, including one called “Why is consumption so smooth?” gave birth to a concept called the Deaton Paradox — in short, sharp shocks to income didn’t seem to cause similarly large shocks to consumption.
IOW: Consumption varies surprisingly smoothly despite sharp variations in income.
CITE: https://www.r2library.com/Resource/Title/0826102549
According to David Henderson, this was an important development in understanding the actions of consumers, causing economists to rethink the “permanent income hypothesis” developed by Milton Friedman, which suggested that people spend based on their lifetime income.
And, Mike Bird wrote a good article on Deaton the highlighted the Nobel Prize in Economics Committee.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, Health Economics, iMBA, iMBA, Inc., Investing, Jokes and Puns | Tagged: Angus Deaton, david henderson, deaton paradox, deaton's paradox, iMBA, mike bird, Milton Friedman | Leave a comment »
BY DR. DAVID EDWARD MARCINKO MBA MEd CMP™
SPONSOR: http://www.MarcinkoAssociates.com
SPONSOR: http://www.CertifiedMedicalPlanner.org
***
***
A paradox is a logic and self-contradictory statement or a statement that runs contrary to one’s expectation. It is a statement that, despite apparently valid reasoning from true or apparently true premises, leads to a seemingly self-contradictory or a logically unacceptable conclusion. A paradox usually involves contradictory-yet-interrelated elements that exist simultaneously and persist over time. They result in “persistent contradiction between interdependent elements” leading to a lasting “unity of opposites”.
***
And so, as we plan for our financial future thru a New Year Resolution for 2025, it’s helpful to be cognizant of these paradoxes. While there’s nothing we can do to control or change them, there is great value in being aware of them, so we can approach them with the right tools and the right mindset.
According to Adam Grossman, here are seven [7] of the paradoxes that can bedevil financial decision-making, clients and financial advisors, alike:
CITE: https://www.r2library.com/Resource/Title/0826102549
How should you respond to these paradoxes? As you plan for your financial future, embrace the concept of “loosely held views.”
In other words, make financial plans, but continuously update your views, question your assumptions and rethink your priorities.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", "Doctors Only", CMP Program, Experts Invited, Financial Advisor Listings, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, LifeStyle, Marcinko Associates, mental health | Tagged: adam grossman, Bill Gates, Buffett, Carnegiw, CMP, diversification, financial advisor, financial advisors, financial paradox, financial paradoxes, financial planner, financial planners, Financial Planning, financial planning failures, iMBA, Investing, personal-finance, retirement planning, Rockefeller | Leave a comment »
BY DR. DAVID EDWARD MARCINKO MBA MEd CMP™
Sponsor: http://www.CertifiedMedicalPlanner.org
***
***
Classic Definition: Despite rising costs, health care often is of poor quality. Evidence from a classic medical improvement outcomes study assessed care of patients with several chronic diseases. This study found that patients’ functional health status outcomes are similar to care rendered by specialists and generalists but that generalists use far fewer resources. Similar outcome at lower cost represents higher value.
Modern Circumstance: Current solutions to improving care quality may do more harm than good if they focus more on diseases than on people. Efforts to improve the parts (evidence-based care of specific diseases) may not necessarily improve the whole (the health of people and populations).
Expanding access to specialty care, for example, has been proposed as both a source of and a solution for deficiencies in quality of care. Primary care is touted as an essential building block of a high-value health care system even as it is undermined by systems attempting to improve the quality, effectiveness, and value of their health care..
Paradox Example: The above contradictions plague improvement efforts in health care systems around the world, particularly the United States The paradox is that compared with specialty care or with systems dominated by specialty medical care, primary care is associated with the following: (1) poorer quality care for individual diseases, yet (2) similar functional health status at lower cost for people with chronic disease, and (3) better quality, better health, greater health equity and lower costs for whole peoples and populations.
And so, this contradiction plagues improvement efforts in health care systems around the world, particularly the United States.
Cite: Kurt Stange MD PhD and Robert Ferrer MD MPH
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Doctors Only", Career Development, CMP Program, Drugs and Pharma, Ethics, Experts Invited, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, iMBA, iMBA, Inc., Touring with Marcinko | Tagged: CMP, family medicine, health, healthcare, iMBA, Institute Medical Business Advisors, Kurt Stange, Marcinko, medical business advisors, mental health, paradox, primary care, primary care paradox, primary medical care, Robert Ferrer | Leave a comment »
By Staff Reporters
***
***
BRIC is an acronym for the economies of Brazil, Russia, India, China and South Africa,combined.
CITE: https://www.r2library.com/Resource/Title/0826102549
These are considered to be large developing economies that are part of a global, twenty-first century shift in economic power and influence away from the more established, traditional developed economies of the twentieth century.
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing | Tagged: brazil, BRIC, BRICS, brics economics, China, iMBA, india, Russia, south africa | Leave a comment »
DEFINED
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
The Sortino Ratio is similar to the Sharpe Ratio, it is a measure of risk-adjusted performance which looks at returns through the lens of the risk taken to achieve that performance, but instead of volatility of return, it uses downside variance as its measure of risk.
SHARP RATIO: https://medicalexecutivepost.com/2021/11/08/introducing-the-sharp-index/
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, iMBA, iMBA, Inc., Investing, Marcinko Associates | Tagged: financial ratio, iMBA, Marcinko, sartino ratio, sharp ratio, Sharpe Ratio | Leave a comment »
By Staff Reporters
***
***
Memory is Fallible. Think you have a great memory? Think again.
According to psychologist and colleague Dan Ariely PhD, memory is more like a game of telephone than a recording device. Each time you recall an event, your brain makes tiny edits, adding some flair or skipping the boring parts. It’s why you can’t remember where you left your keys but can vividly recall an embarrassing moment from high school.
So, the next time someone says, “I remember it like it was yesterday,” know that yesterday might be a heavily edited rerun.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Doctors Only", Ethics, Experts Invited, Glossary Terms, iMBA, iMBA, Inc., LifeStyle | Tagged: Art, books, Dan Ariely PhD, fallible memory falliability, iMBA, memory, poetry, travel, writing | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Real Estate Operating Company (REOC)
A company that invests in real estate and whose shares trade on a public exchange.
Real Estate Investment Trust (REIT)
A real estate operating company (REOC) is similar to a real estate investment trust (REIT), except that an REOC will reinvest its earnings into the business, rather than distributing them to unit holders like REITs do.
Also, REOCs are more flexible than REITs in terms of what types of real estate investments they can make.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Experts Invited, Funding Basics, Glossary Terms, iMBA, Inc., Investing | Tagged: iMBA, Real Estate Investment Trust, Real Estate Operating Company (, REIT, REOC | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Derivatives are securities whose performance and/or structure is derived from the performance and/or structure of other assets, interest rates, or indexes. If used moderately and in appropriate situations, derivatives can help stabilize portfolios and/or enhance returns. However, if used in excess and/or in inappropriate circumstances, they can be harmful, potentially causing portfolio instability and/or losses. Derivatives are similar to medicine in their behavior–usually safe when used as directed, potentially toxic when abused.
There are many different types of derivative securities and many different ways to use them. Some derivative securities, such as mortgage-related and other asset-backed securities, are in many respects like any other investment, although they may be more volatile or less liquid than more traditional debt securities.
Futures and options are commonly used for traditional hedging purposes to attempt to protect portfolios from exposure to changing interest rates, securities prices or currency exchange rates, and for cash management purposes as a low-cost method of gaining exposure to a particular securities market without investing directly in those securities.
Certain other derivative securities may be described as structured investments. A structured investment is a security whose value or performance is linked to an underlying index or other security or asset class. Structured investments include collateralized mortgage obligations (CMOs). Structured investments also include securities backed by other types of collateral.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: Alternative Investments, Experts Invited, Financial Advisor Listings, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Touring with Marcinko | Tagged: CMO, CMOs, derivatives, finance, financia derivativesl, futures, iMBA, Investing, Marcinko, options, stock market, structuredinvestments | Leave a comment »
To sell information you need to give it away before the sale
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
THE FATHER OF HEALTH ECONOMICS
According to Wikipedia, a fundamental tenet of the paradox is that the customer, i.e. the potential purchaser of the information describing a technology (or other information having some value, such as facts), wants to know the technology and what it does in sufficient detail as to understand its capabilities or have information about the facts or products to decide whether or not to buy it. Once the customer has this detailed knowledge, however, the seller has in effect transferred the technology to the customer without any compensation. This has been argued to show the need for patent protection [HIPPA].
CITE: https://www.r2library.com/Resource/Title/0826102549
If the buyer trusts the seller or is protected via contract, then they only need to know the results that the technology will provide, along with any caveats for its usage in a given context. A problem is that sellers lie, they may be mistaken, one or both sides overlook side consequences for usage in a given context, or some unknown-unknown affects the actual outcome.
MORE :https://www.nobelprize.org/prizes/economic-sciences/1972/arrow/facts/
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Accounting, Career Development, Ethics, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Health Economics, Healthcare Finance, iMBA, Inc., Investing, LifeStyle | Tagged: Arrow, Arrow Information Paradox, books, economics, food, iMBA, information paradox, Ken Arrow, Marcinko, photography, politics, Technology | Leave a comment »
By Staff Reporters
***
***
Artificial Scarcity refers to the intentional limitation of the availability of a product or resource to create a sense of rarity, which often drives up its perceived value and price.
Think: surge pricing
And, circumstances with insufficient competition can lead to suppliers exercising enough market power to constrict supply. The clearest example is a monopoly, where a single producer has complete control over supply and can extract a additional price.
By creating a temporary shortage, sellers or producers can increase demand and capitalize on consumers’ fear of missing out, thereby influencing market dynamics to their advantage. This strategy is frequently used in marketing, particularly for limited-edition items or high-demand products.
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Ethics, Experts Invited, iMBA, iMBA, Inc., LifeStyle, mental health, Research & Development | Tagged: artificial scarcity, buyers, iMBA, market power, mionopoly, sellars, Supply and Demand, surge pricing | Leave a comment »
FREE SAMPLES
The Art of Giving – And Receiving – Value!
By Staff Reporters
***
***
Imagine you’re at a party, and someone hands you a drink. Your first instinct? Find something to give back. This is [sales] reciprocity in action – our built-in psychological urge to repay kindness.
According to colleague Dan Ariely PhD, it’s like a cosmic balance sheet in our brains, ensuring we don’t owe anyone a favor. This is why companies give out free samples. They’re not just being nice; they know you’ll feel a pang of guilt if you walk away without buying something.
THINK: Free financial planning dinner seminar and prospecting event. That’s you – the Sales Prospect!
So, next time someone does you a favor, remember: it’s not just seller kindness, it’s science!
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Doctors Only", Ethics, Events-Planner, Experts Invited, iMBA, iMBA, Inc., LifeStyle, Marketing & Advertising, Research & Development, Touring with Marcinko | Tagged: Dan Ariely PhD, free samples, freebies, giveaway, iMBA, Marcinko, photography, prospect, reciprocity, reciprocity in action, Relationships, sales, sales in action, sales prospect, sales prospecting | Leave a comment »
By Dr. David Edward Marcinko MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
Currency Hedging is a risk-management strategy, as part of a foreign investment strategy, currency hedging is designed to reduce the impact from changes in the relative values of currencies involved in the foreign investment strategy.
CITE: https://www.r2library.com/Resource/Title/0826102549
In any foreign investment strategy, a significant part of the potential risk and return comes from exposure to relative currency value fluctuations. If exposure to those currency fluctuations is minimized, investors can experience more of a “pure play” exposure to the foreign investments. There is a variety of possible currency hedging strategies, ranging from swaps, options, and spot contracts to simply buying foreign currencies.
Currency Overlay is a financial trading strategy used to separate the management of currency risk from other portfolio strategies. A currency overlay manager can seek to hedge the risk from adverse movements in exchange rates, and/or attempt to profit from tactical currency views.
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Subscribe Today!
***
***
Filed under: "Ask-an-Advisor", Experts Invited, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Touring with Marcinko | Tagged: currency buyer, currency contracts, currency exchange rate, currency hedging, currency options, currency overlay, currency seller, economy, finance, Forex, iMBA, Investing, Marcinko, trading | Leave a comment »
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
BREAKING NEWS!
***
***
CITE: https://www.r2library.com/Resource/Title/0826102549
COMMENTS APPRECIATED
Please Subscribe!
***
***
Filed under: "Advisors Only", "Ask-an-Advisor", Accounting, Alternative Investments, Financial Planning, Funding Basics, Glossary Terms, iMBA, Inc., Investing, Marcinko Associates, Portfolio Management | Tagged: Bitcoin, bonds, economy, energy, finance, financial news, gold, iMBA, Investing, Marcinko, oil, stocks, Treasury yields, Trump, utilities | Leave a comment »
By Staff Reporters
***
***
The cocktail party effect is the ability of the human hearing and auditory system to focus one’s listening attention on a particular speaker in a noisy environment, such as a crowded party. This allows people to focus on a specific conversation while filtering out other nearby conversations and background noise.
Consider that you’re at a crowded party, noise everywhere, but you hear your name mentioned across the room. How? Welcome to the Cocktail Party Effect.
Your brain is like a highly trained butler, filtering out the background chatter to catch something personally relevant. It’s not just your name, either; it could be juicy gossip or a mention of free pizza or an exciting new stock tip you’ve been considering; or even an IPO.
So, according to psychologist colleague Dan Ariely PhD, this selective attention keeps us sane in a noisy world, helping us focus on the things that matter – like whether that person just said “free drinks” or “freeloading, or “free-stock trading.”
COMMENTS APPRECIATED
Please Subscribe!
Thank You
***
***
Filed under: "Ask-an-Advisor", "Doctors Only", Experts Invited, Financial Planning, iMBA, iMBA, Inc., LifeStyle | Tagged: auditory system, cocktail party effect, Dan Ariely, government, iMBA, IPO, recovery, strategy, sustainability, World Cup | Leave a comment »
MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
***
Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants
“Serving Almost One Million Doctors, Financial Advisors and Medical Management Consultants Daily“
A Partner of the Institute of Medical Business Advisors , Inc.
http://www.MedicalBusinessAdvisors.com
SPONSORED BY: Marcinko & Associates, Inc.
***
http://www.MarcinkoAssociates.com
| Daily Update Provided By Staff Reporters Since 2007. How May We Serve You? |
| © Copyright Institute of Medical Business Advisors, Inc. All rights reserved. 2024 |
REFER A COLLEAGUE: MarcinkoAdvisors@msn.com
SPONSORSHIPS AVAILABLE: https://medicalexecutivepost.com/sponsors/
ADVERTISE ON THE ME-P: https://tinyurl.com/ytb5955z
Your Referral Count -0-
CITE: https://www.r2library.com/Resource
Here’s where the major benchmarks ended:
CITE: https://tinyurl.com/tj8smmes
Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
COMMENTS APPRECIATED
PLEASE SUBSCRIBE: MarcinkoAdvisors@msn.com
Thank You
***
***
***
***
EDUCATIONAL TEXTBOOKS: https://tinyurl.com/4zdxuuwf
***
Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, iMBA, Inc., Investing, Marcinko Associates, Recommended Books, Sponsors | Tagged: CBOE, DJIA, Donald Trump, DOW, economy, iMBA, Marcinko, NASDAQ, news, politics, S&P 500, SPX, textbooks, TNX, Trump, trump elected, VIX | Leave a comment »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 