Hello everyone. I am currently a resident physician that intends to finish residency training for personal reasons. However, I do not foresee myself practicing clinical medicine in the long run if I can help it. I enjoy talking to most patients and enjoy seeing them get better with my plans but practicing medicine in America has many layers of bureaucracy that makes it very unsatisfying. I do not see this aspect of medicine getting better in the future.
I got introduced to finance by a family member before medical school. I kept an open mind and started investing with fake money a few years ago. I made a few correct calls and told my family member about it after I saw some success. He asked for ideas last year and we were able to beat the market. I finally got the courage to start investing my own money this year. It is not a lot of money but it is a significant amount on a resident's salary. My portfolio has gained 65% since the beginning of the summer when I actually started implementing some of my ideas. It could actually be higher because I do not use all the funds in my portfolio and I use the profits from my investments for other investments. I can post proof by the year's end as I still have a few ideas that I want to implement. I am well aware that this may be a fluke and that there is a good chance that I may not be able to sustain this growth the next few years. However, I have come up with a system that works well for me. Even if I end up being wrong, my loss is minimal compared to my gains.
I should say though that I put the majority of my efforts on pharmaceutical companies as I feel that is where I can put my medical knowledge to use. I focus on the scientific validity as well as the clinical practicality of a company's pipeline. In addition, I am currently trying to learn as much as I can about fundamentals and technicals. I know there is a large knowledge gap that I still need to learn. I should say though that it is not enough for a particular pipeline to have good data for me to invest in it. There are other things that I take into consideration with my clinical experience which may be why I am able to get good returns. I sometimes wonder why so many people invest in a particular pharmaceutical company when I would never touch it.
I intend to invest with my personal portfolio until I finish residency and will continue to do so as an attending if I cannot get out of medicine. If I can sustain decent returns, do you think any hedge funds will take my application seriously? I do not have any formal training in finance or business. Most of it is self taught by reading or asking questions. Will I have to start as some analyst or get another degree in business or finance? I prefer not to do that because I have a significant student debt burden from medical school. I want to work for a hedge fund because I find myself going home everyday after clinic or the wards looking at stocks and investment ideas. Actually, I spend time while working looking at it as well. I enjoy doing it and will probably do it over medicine even if it pays a little less. Is it necessary for me to post my ideas on something like SeekingAlpha? I am not a troll and can post proof of my purchases at year's end.