Medscape surveyed 20,329 physicians across more than 29 specialties, and some described their failed ventures:
- “I bought a speculative stock that didn’t do well, and I bought a second home at the peak of the market.”
- “I was the victim of a timeshare scam based in Nevada.”
- “I bought a volatile stock that bottomed out after I purchased it.”
- “I invested in a home health company with several other physicians. It was poorly managed, did not meet expectations and eventually closed. I lost all of the initial investment.”
Here is the breakdown of how physicians’ investments turned out. The total does not equal 100 percent due to rounding.
1. Invested in a stock or company that turned out badly: 27 percent
2. Made a real estate investment that turned out badly: 13 percent
3. Invested in something else that did not work out: 18 percent
4. Never made a particular investment mistake: 34 percent
5. Never made any investments: 20 percent
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