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50 5 Essentials for Surgeons to Know About the Stock Market By Mary Rechtoris A s more and more surgeons take on a dual role as entre- preneurs, they may become increasingly interested in investing in stocks. Medical professionals and financial advisors weigh in on the essentials surgeons need to know about the stock market. 1. Surgeons may have a different set of skills. What makes for a great surgeon may not always translate to fi- nances. Medical professionals oen enlist the help of well-versed advisers in the financial market to navigate the stock market. "Surgeons need to try to be humble realizing that their extensive training and abilities may not necessarily work out to an effective investment manager," says Robert Freedland, MD, an ophthalmologist at Mayo Clinic Health System in La Crosse, Wis. Dr. Freedland has managed his own finances for 45 years. "ere are different skills involved in dealing with a compound fracture or a hip prosthesis compared to picking and managing an investment portfolio." Surgeons are oen busy and may not have ample time at the end of the day to learn the ins and outs of the stock market. A fi- nancial advisor may prove beneficial for surgeons when devising an investment strategy. "Understanding the capital markets and the financial plan- ning strategies that would benefit someone's specific needs and goals is a full time job in and of itself," explains Steven Potter, a director at Sullivan, Bruyette, Speros & Blayney in McLean, Va. "Working with a financial planner would not only relieve that requirement from a surgeon, but would introduce a resource that is more knowledgeable and experienced in these matters, which would increase the probability of success." 2. Patience is a virtue. Surgeons oen have to act quickly, especially when dealing with very intense, time-sensitive proce- dures. is is not always true of the stock market, and waiting it out may be the best way to maximize potential profits. "Keep a long term view of the stock market," says Joe LaS- cala, financial advisor with Aegis Capital in New York. "Over time, stock market returns have been consistently good, so pay less attention to the daily ups and downs and more attention to creating a plan of consistent investing and keeping with it." ApproachMatters 1938 NEW HWY, FARMINGDALE, N.Y. 11735 | +1.631.694.9555 +1.631.694.3285 FAX MISONIX, INC. | NASDAQ SYMBOL: MSON | MISONIX.COM © 2015 Misonix, Inc. All rights reserved. Printed in the USA. Ideally suited for limited access and visibility in MIS procedures • Superior control in retractor and tube-based procedures for precise bone cutting • Extended reach for deeper, difficult to reach, reduced exposure applications. • Offers large amount of viable autograft bone compared to shavers or burrs • Deep cuts through osseous structures with minimal blood loss INTRODUCING