Investing
State of ODs on Finance: 2022 in Review, and a Look at 2023!
It’s hard to believe, but the year 2022 has vanished in the blink of an eye. This past year, we’ve had the pleasure of seeing ODs on Finance continue to grow and help ODs on their financial journey, whether they be new grads or seasoned veterans. We are thankful for your attention, your questions and your contributions. Two tenets that hold paramount value to us at ODs on Finance are transparency and productive growth. In this letter, we will highlight how our community has grown, the various methods we provide value to our community, exciting new projects/acquisitions for 2023, and a look at our commercial interests/disclosures – trust us, you’ll want to read this! Here is a quick recap of 2022!
Read MoreThe Optometrist’s Guide to Short Term Investing
With the recent volatile market and pending economic recession, many investors are looking to hold their cash in a relatively safe place, especially as our economy faces surging inflation. In this article, we will talk about short term investments and where we can place these funds, aside from just storing cash. What is a short-term investment?
Read MoreThree Important Tax Facts for Optometrists Investing in Cryptocurrency
For the past two years, as we have been in the middle of a global pandemic, many Optometrists have become interested in cryptocurrencies. This article will explain some of the basic questions you may have about cryptocurrency from a tax point of view.
Read MoreTen Things Every OD Should Know About Crypto
As a company and forum founded in the fundamentals of investing, ODs on Finance has always sought to educate its audience on tried and true, historically and statistically proven investing strategies. However, in the modern age we are living in, the landscape of investing is changing. The relatively new asset class of cryptocurrency has raised a conundrum of mixed opinions and for good reason. While cryptocurrency as a whole lacks intrinsic value, and is tough to justify as an investment (based on the traditional definition of an investment); its wild volatility fueled by speculation has the capacity to make individuals extremely rich or dirt poor.
Read More8 Financial Mistakes that New Optometrists Make
The average new optometrist graduates at an average age of 28 year old (significantly behind non-OD peers in terms of income generation), with an average student loan debt of over $220,000+, with little or no retirement investments. Often new grad optometrists find themselves practicing in oversaturated cities and most importantly without any formal financial education. This is the perfect storm that often leaves many doctors mentally overwhelmed and prone to devastating financial mistakes. In this article, we will address 8 common financial mistakes that new OD graduates make and how you can avoid them to be financially successful.
Read MoreETFs vs. Mutual Funds
Wouldn’t that be great if investing was as interesting as a pay-per-view UFC fight? Sadly, this is not the case. Investing is far more boring, and unless you give up a pretty penny, we don’t anticipate Joe Rogan will be providing color commentary on your trades and unrealized gains.However, now that we have your attention with a cheesy two paragraph intro, let’s go through a two minute education on the difference between an ETF and an Index Mutual Fund.
Read MoreAnnual Report: 2020
Hello ODs on Finance Family, Well 2020 has surely been a year! Let’s be honest, we all went into the year 2020 with big expectations – but the so-called Year of the Optometrist had some nasty surprises up its sleeve. Despite the trials and tribulations that 2020 brought, it also brought important lessons, and the…
Read More8 New Year’s Financial Resolutions
The year 2021 is here. In our opinion, 2021 has it pretty easy. I mean, how much worse can it get after 2020? Joking aside, the beginning of the year presents a great time to take inventory of life and evaluate your financial health for the next 365 days. Here are a few New Year’s financial resolutions to get you started.
Read MoreWhat is Tax Loss Harvesting and How Can It Help Me?
When the stock market experiences volatility, fear is often a resulting emotion. Fear can lead an individual to do irrational things, one of which is selling at a loss. From a long term investing perspective, selling in a down market is seen as a losing move, however there is one silver lining to selling stocks…
Read More6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong
We have quite a few ODs on Finance members who are big Dave Ramsey fans, and quite a few who are Dave Ramsey Haters. Here are 6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong and how each OD can optimize them to be even more successful!
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