3rd Quarter, September 2011
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How to avoid frequent trading mistakes
The wealthy are human too—they make the common mistake of trading in the financial markets too much, even as many realize they are trading excessively, says Barclays Wealth, a division of Barclays bank.
It surveyed 2,000 wealthy investors (those with a net worth over $1 million) of all ages and found that 40 percent believe they must trade frequently to do well in the markets.
But in a surprising finding, half of those who trade…Read More
Introduction
As professionals in the medical field know well, regular checkups help patients stay healthy. While ailments can generally be healed more readily through early detection, they can grow worse if ignored or improperly diagnosed. The same applies to the financial health of a practice. In this issue of VitalSigns, we share ways to keep your practice in shape.
Like reviewing your overhead costs — from supplies to health insurance — to see where you might save money and improve profitability. Like understanding the distinction between governance and management, and why the former is so important. Like establishing clear, consistent billing and collections procedures to diagnose problems in this area before they get out of hand. Like recognizing the importance of income, profit and cash flow.
Doctors who don’t comprehend the value of money are like patients who lack nutrients vital to their health. They often come to accept illnesses in their systems that are, in fact, quite…Read More