Episode 88: Physician Portfolio Check-Up – Rebalancing After 2025 Gains and Preparing for Volatility

In Episode 88 of Doctor’s Wealth and Wellness, host Norm Wright stresses the importance of an annual portfolio check-up for physicians following 2025’s strong double-digit gains, noting that over 70% of doctors (per Vanguard’s 2026 report) have not rebalanced, leaving them exposed to heightened volatility from midterm elections, interest rate changes, or economic uncertainty. He guides listeners through three practical steps: assessing asset drift by reviewing statements and calculating current equity/bond/international allocations (e.g., a 60/40 mix shifting to 75/25, as pediatrician Dr. Elena discovered, with unchecked drift risking 1–2% lower long-term returns per Fidelity); harvesting tax losses from underperformers to offset gains while adding volatility buffers like short-term bonds or T-bills (internist Dr. Mike saved $3,200 in taxes and cut drawdowns 15–20% per Morningstar); and stress-testing via free tools like Portfolio Visualizer against scenarios such as 20% drops, then automating quarterly rebalances (surgeon Dr. Sarah’s setup limited losses in past turbulence, with Schwab data showing 0.8% annual outperformance). Wright emphasizes that proactive review preserves 2025 gains, aligns with physicians’ long-term mindset, and protects retirement or family goals, challenging listeners to complete one step this week—assess drift, harvest losses, or stress-test—and share findings or book a free custom check-up at support@skcfinancial.com. Examples in this episode are hypothetical and not representative of a specific individual.