ShepMD

[ShepMD @ShepxMD]

@NoAlphaLimits hi

[ShepMD @ShepxMD]

@H3CZ what you putting on it? a 🦀?

[ShepMD @ShepxMD]

@chesscom 108

[ShepMD @ShepxMD]

@ai_uncovered file

[ShepMD @ShepxMD]

@chesscom I'm surprised Hikaru's step-dad aka FM Weeramantry isn't on that leader board for bullet...he's a beast!

[ShepMD @ShepxMD]

@PorcTexas dont be messing with their money

[ShepMD @ShepxMD]

@martinirita always ahead of the curve!

[ShepMD @ShepxMD]

@DinaBelenkaya My condolences, stay strong 💜

[MartiniRita @MartiniRita]

Many of us do not want to acknowledge that there are times when the *business of Medicine supersedes the *practice of Medicine

But it does happen...

The best way to navigate this imo is to realize some health professionals should probably be reclassified, as we do in finance, to non-fiduciary.

Fiduciary is someone who is obligated to act in your best interests regardless of their own compensation.

when you go to a non-fiduciary you might end up in a S&P fund with 3% fees when vanguard runs.01% fee.

doesn't sound like a lot. but that's b/c you haven't done the math.

for every 1% fee for a holding period of 20 yrs. , 20% of the final portfolio amount goes to the advisor/salesman/fund.

So if you were going to have I million to retire, you instead would have 400,000.

In finance we have a joke: where are all the customers yachts?

It refers to the oxymoronic situation that mathematically they have convinced many to give their advisor more than half their wealth.

It is tantamount to being asked to be written into the will.🤣

so in Jack's case, as he points out, you can see that non-employed drs created the space to question financial incentives.

And now that he is off the system and instead incentivized by his tribe, we get this story.

Raw. uncut. unfiltered.

True story: I once waded into the pool to see how it was in non fiduciary land and it was similar This was an advisor employed by the bank.

I asked the advisor if they were fiduciary.

They responded yes emphatically and did not offer any additional info.

So then I asked, "are you a fiduciary in everything you could sell me?"

They responded no.

1st bad sign....

Then I asked ok what you got for me to do with my portfolio.

They said well you should minimon move your cash from Savings to t-bills as they pay close to the fed funds rate.

I asked okay what's the rate?

They responded, "do you think I just know it off the top of my head?"

I said your recommending it so yeah, I'd like to know.

they said "okay give me a moment"

They said proudly its 2.7%.

I said okay what's the rate on the saving account ?

They responded okay let me look.

...

"It's 3% "

The silence was long I will tell you that....🤣🤣

So my thoughts are find a dr you pay directly and know all sources of funding imo.

if you don't most likely you are just speaking with a salesman

[ShepMD @ShepxMD]

@martinirita A Portal reference... hell yea

[ShepMD @ShepxMD]

@martinirita i dip my toe in all 3 pools

[ShepMD @ShepxMD]

@DinaBelenkaya @TeamVitalityCS @Vitality_apEX @zywoo @kingmezii @flameZcsgo @ropz @XTQZZZ @MaT_CSGO @Aphiren @JBirtwhistle I guess the strategy and calculation aspect of counter strike they like to reference it like a game of chess. jiu jitsu likes to make similar reference with chess... like jiu jitsu is the game of human chess. lol

[ShepMD @ShepxMD]

@martinirita Savage AJ. Wouldn't expect nothing less from that monster :P

[ShepMD @ShepxMD]

@TarjeiJS

[ShepMD @ShepxMD]

@ChrisBirdIA Maybe it would be interesting to see registration by state stats from this event compared to past ones since 2017? Also how do they go about projecting next year entries? It's a bummer regardless.

[ShepMD @ShepxMD]

@martinirita as undergrad psych major, it was a requirement to participate in psych studies, so many surveys. Lol those poor grad students and their data sets...

[ShepMD @ShepxMD]

@alexandrabotez hang it up obviously, my suggestion is the guest bathroom

[ShepMD @ShepxMD]

@martinirita preach sensei

[ShepMD @ShepxMD]

@SusanPolgar @martinmasrna when does your book come out?

[ShepMD @ShepxMD]

@Apryze_ @NiceWigg proud of you for using your assets for good. keep those toes warm.