WCI #94: Surgery Center Investments
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 21 February 2019
⏱️ 59 minutes
🧾️ Download transcript
Summary
I'm often asked questions about investing in a surgery center but it is something that I have no experience with. So I brought on someone who does have experience as well as a doctor that is just at the beginning of the surgery center investment in his career to discuss this type of opportunity, the pros and cons, and what you should be looking for when given the opportunity to invest.
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I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here's your host, Dr. Jim Dolly. |
| 0:14.0 | Welcome to White Coat Investor Podcast number 94. |
| 0:21.0 | Surgery Center Investments. |
| 0:24.4 | I estimate that 80% of doctors need want and should use a financial advisor and or an |
| 0:30.0 | investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. |
| 0:36.0 | At any rate if you want to use an advisor temporarily or for your entire life there's no |
| 0:40.4 | reason to feel guilty about it. Just make sure you're getting good advice at a fair price. |
| 0:45.6 | If you need help updating your financial plan or just getting one in place, check out our list of |
| 0:49.8 | recommended financial advisors at white code investor. |
| 0:52.5 | dot com slash financial dash advisors. |
| 0:55.8 | You can do this and the white code investor can help. |
| 0:58.7 | Our quote of the day today comes from J.L. Collins who said yes it is possible for every middle class |
| 1:04.8 | wage-earner to retire a millionaire though it's never going to happen and that's |
| 1:08.8 | not because the numbers don't work. I like that quote I think that is entirely possible if you can get yourself to a |
| 1:15.3 | middle-class wage to become a millionaire. Today we've got a pretty special |
| 1:19.6 | episode I've got two docs that are going to remain anonymous but we're going to talk about |
| 1:24.7 | outpatient surgical centers as an investment and a place to practice so let's get into the |
| 1:29.4 | interviews. All right we have two special guests on the White Coat Investor Podcast today. |
| 1:35.1 | We have Dr L and Dr. D. |
| 1:37.4 | Obviously we're trying to preserve a little bit of anonymity on this episode, but the real impetus behind this episode was to try to talk about |
... |
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