Money Meets Medicine Podcast

MMM #17: Bonds… James’ Bonds “Turner”

It is usually recommended to have at least some bonds in your portfolio.  What would you think if I told you that Ryan – a financial planner – doesn’t have any bonds in his own portfolio.  Join along as we discuss the purpose of bonds, and if there is anything we can use as a bond surrogate to help perform the function of bonds… without actually owning any.  Ludicrous?  Or Inventive?  You’ll have to listen to find out.

What You’ll Learn:

In this episode of Money Meets Medicine, “Bonds… James Bond’s “Turner” you’re going to learn all about bonds and if they’re right for your investing portfolio. You’ll also learn:

  • Why investing is going to look different for everyone.
  • Why everyone should have at least some bonds in their portfolio.
  • What’s the best proxy for you?
  • What are bonds actually and what kinds are there?
  • And more!

Quotes to Remember: 

“Personal finance is personal! What works for me may not work for you.”

“If you want to grow you capital.. stocks are really the way to go. Bonds are for capital preservation.”

Resources from the Episode:

Got Student Loans? Alter Your Asset Allocation.

This Episode’s Sponsor

Kaplan FinancialThis episode is brought to you by Robert Kaplan, CFP of Kaplan Financial which can be found at Kaplan Financial .  Robert specializes in serving the unique disability insurance needs of over 2,500 physicians nationwide.  Robert, who has been married to a practicing physician for over 25 years founded Kaplan Financial in 1990.  Kaplan Financial is the place to go for objective and experienced financial advice, discounted rates on individual disability insurance, and a long-term commitment of superior service.

So, if you are in need of disability insurance, don’t hesitate to reach out to Robert at KaplanFinancial.net or if you prefer email or phone you can email Robert at [email protected] or call him directly at 818-783-6620.

Listener Question of the Week:

Today’s listener question comes from Dr. Jason Bethea who asks:

My wife has 3 retirement accounts from previous jobs (internship & first attending job) that are with TIAA and Fidelity. Most are target date funds with expense ratios from 0.07% and 0.45%, I believe. What are our options for these now that she does not work for those institutions anymore? I know that we can invest in different funds that are available on TIAA and Fidelity but do we have any other options? She was a 1099 employee with her first attending job but we are both W2 currently. Thanks.

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]

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  1. Stephen

    Perhaps my morning coffee hadn’t kicked in yet, or I just am that financially illiterate, but can you explain more the concept of a mortgage or student loan being bond proxy? I didn’t understand the concept.

    • ThePhysicianPhilosopher

      Hey Stephen, so here is the idea. The purpose of a bond is to stabilize the volatility that you experience in the stock market. So if you have a mortgage or student loan within interest rate of three or four percent then you can view that as a “guaranteed return” that is “safer” than investing in stocks.

      In this way it can serve as a proxy or surrogate for bonds.


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