Barry Kaplan, a 2015 Best Financial Adviser for Dentists

June 8, 2015
Issue 6

Here's advice Barry Kaplan, one of the 2015 Best Financial Advisers for Dentists, offers you:   "Since attempts at market prediction are futile and there is no such thing as a free lunch, you should diversify as much as possible, keep costs low and tax efficiency high and invest at least 15 percent of what you earn. Do this systematically and don't pay attention to talking heads trying to predict the market.

Here's advice Barry Kaplan, one of the 2015 Best Financial Advisers for Dentists, offers you:   "Since attempts at market prediction are futile and there is no such thing as a free lunch, you should diversify as much as possible, keep costs low and tax efficiency high and invest at least 15 percent of what you earn. Do this systematically and don't pay attention to talking heads trying to predict the market. These 'experts' don't realize that, historically, more than 50 percent of all market predictions are wrong. Once you realize all of this, you are already smarter than the experts and you don't get stressed.   "Spending much more time planning a vacation than planning retirement or investments. Just because you are intelligent doesn't mean you can be good at everything. You don't have the time to fabricate your own crowns, what makes you think you have the thousands of hours in to become an excellent financial planner?"