• Finance Basics

    Diversification – The #1 Rule of Investing

    When I was working on my MBA I became interested in a technology company that was changing the way the computer industry stored data. This was 1990 – long before the dot-com craze and this company actually manufactured something –…

  • Finance Basics

    The Rule of 72

    There is an often misquoted “rule of 72” and it goes like this….. If you want to know the number of years needed to double money at a given rate of return, you just divide 72 by the rate. For…

  • Finance Basics

    Financial Jargon

    Imagine how lost one of your non-veterinary friends would feel if they walked and heard you speaking to colleagues about a fascinating case. “Today I saw a GSD with IHMA. His PCV was 14 and his SpO2 was 91…..”What does…

  • Finance Basics

    Mutual Fund 101

    What is A Mutual Fund? You can think of a mutual fund as a basket full of stocks and or bonds. The fund pools moneys from many different investors by selling shares and uses the investor’s funds to purchase stocks…

  • Finance Basics

    Bonds 101

    What is a bond? Earlier we talked about how corporations are a legal entity who can buy buildings, desks, chairs and computers and can hire or fire employees. Well they can also borrow money. A bond is essentially an IOU…

  • Finance Basics

    Stocks 101

    Before exploring stocks bonds and mutual funds we must first understand the concept of a “corporation.” A corporation is a legal entity that is somewhat like a person. A corporation can own things like buildings, desks, chairs and computers. It…