MDNews - Minnesota

HYATT OLIVE 8 SEATTLE SEATTLE, WASHINGTON SEPTEMBER 14–16, 2017 Mayo Clinic School of Continuous Professional Development Evidence, Clinical Considerations, and Best Practice OPIOID CE.MAYO.EDU/OPIOID2017 CONFERENCE REGISTER NOW! BUT E VEN HE AVILY MARKETED ideas can fl op famously. (See "Coke, New" and "Edsel, Discontinued.") So how do physicians strike a balance between being open-minded to excellent — if unusual — investment opportunities and cautious about account-draining duds? Eugene, Oregon-based Physician Family Financial Advisors recommends physicians ask themselves some questions before pumping cash into the latest idea that's "so crazy it just might work!" A few of those questions include: Why am I being asked to invest? Is it that you have solid experience with similar investments? Or is it merely that you have money to invest and/or you may be naive? Exactly how will my money be used? Thoroughly review the prospectus or business plan to understand how the investment proposes to generate wealth. Are the people who want my money trustworthy? Don't take their word for it. Confi rm they are who they claim to be and that they have experience with these ty pes of dea ls. Require a background check if their integrity is even remotely in doubt. What if things go south? Any invest- ment involves risk. Determine what recourse you have and whom you will deal with if all does not go as hoped. ■ When Odd Investment Opportunities Knock BY STEVE BARRETT IMPROBABLE IDE A S CAN TAKE OFF, MAKING INVESTORS THE NE WEST RESIDENTS OF E A SY STREE T. £WHO KNE W SUNGL A SSES FOR DOGS ¤ DOGGLES ¤ WOULD GROW INTO A $3 MILLIONžAžYE AR ENTERPRISE FOR A WOMAN WHOSE BORDER COLLIE WA S SENSITIVE TO LIGHT?§ Llama Fillets, Alpaca Socks: F I N A N C E 1 5 M D N E W S . C O M /// M D N E W S M I N N E S O TA ■ 2 017

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