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Money Meets Medicine Podcast

MMM #40: Building an Investment Policy Statement

Do you have an investment policy statement? Well, even if you do, you’re probably gonna have to learn how to do it right. Keep on reading so you can figure out how to successfully create your investment policy statement!

What You’ll Learn:

In this episode of Money Meets Medicine, “Building an Investment Policy Statement,” you’re going to learn:

  • Why most people have this stuff all wrong.
  • All of the important things you need to close in your statement.
  • How to prepare for a volatile market.
  • How the 80-20 strategy works and how it can change for your needs.
  • And more!

Quotes to Remember: 

“By having it on two separate documents, as you build out your financial plan inside your investments piece, you’re going to link to your investor policy statement.”

“Your investment policy statement is a full different document that breaks down really your investment philosophies, when you’re going to rebalance your asset allocations, all of that stuff. And that stuff does not change very frequently, if at all…”

“So you’re building inside not only your investment philosophies and how you’re going to do certain pieces of your investments, but also if you were to make changes, how would you approach those? And then here, I’d also detail out, understand markets are going to move, they’re going to be volatile, things are crazy in 2020.”

Resources from the Episode:

Make A Statement! — An Investor Policy Statement

This Episode’s Sponsor

If you’ve been listening recently to our podcast episodes you know that The Alpha Group Coaching Experience is going on sale on 10/24.  As a part of this launch, I am offering a FREE Group Coaching Call for anyone who joins the waitlist to the Alpha Group Coaching Experience.  The group coaching call comes with no strings attached.  All you have to do is join the waitlist by going to financialresidency.com/tpp .  You’ll get a link from there that allows you to register for the FREE coaching call.  Don’t wait, though, there are a limited number of seats for the call and it will be on a first come first served basis!

And, if you decide after the coaching call that you would benefit from more coaching, you can enroll with other doctors in the Alpha Group Coaching Experience.  Those who enroll from the waitlist get my $647 Medical Degree to Financially Free online course for FREE.

So, if you are interested in getting a free group coaching call to help you reduce your burnout and find the balance you need to live the life you want and deserve… visit financialresidency.com/tpp to receive the registration link for the coaching call.

Listener Question of the Week:

This week’s listener question is from Karen Leitner:

Is it a good idea to invest in real estate during the pandemic?   

Each episode, we are going to start including listener questions as they are provided to us.  So, if you have a specific question you’d like answered on the podcast reach out to us!  Email [email protected] or [email protected]

Subscribe in Your Podcast Player:

If you love the show – and want to provide a 5-star review – please go to your podcast player of choice and help other listeners find the Money Meets Medicine Podcast, too!  If you think that our podcast is terrible, send me an email and I will throw your email into the trash consider your constructive criticism to improve the show.

Seriously, though, go leave a review.  It helps others find the Money Meets Medicine podcast, too.

TPP

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