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The Sad State of Dentists’ Stock Portfolios

November 25, 2008 By 2 Comments

Putting Your Money in (Chicken) Stock

In this survey, the majority of dentists said that their portfolio these days is more chicken bouillon and less gold bullion. Dental practices and stock portfolios are both hurting. "Production is off 50%," said one dentist. "I am very concerned…very concerned!!"

Another doctor begged to differ. "My personal finance portfolio has taken a hit, but my practice is still growing 17%," said a Texas dentist.

Here are some other (pessimistic) comments from dentists:

  • "I am just now seeing a slow down in case acceptance, but everyone is talking about the slow economy." (Tennessee dentist)
  • "It's slowed down. People aren't wanting to spend." (California dentist)
  • "Productivity is the lowest in 15 years of practice." (Alaska dentist)
  • "The worst ever." (Florida dentist)
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About Julie Frey

Julie Frey is the Editor of TheWealthyDentist.com blog. She has dedicated her career to Internet marketing and communications, working side-by-side with dental marketing guru Jim Du Molin since 2006. She has a degree in Linguistics from Stanford University, has a passion for language and writing, and lives in San Francisco. Julie Frey+

  • http://Imaginedentalarts.com David I. Schor, DDS

    The $500,000 to $700,000 practices are hurting and the $2m practices are still growing. The winners are still winning because they know how to win and the “also-rans” are affected much more from the recession.

  • http://www.thevisibledentist.com/ The Visible Dentist

    I think the economy is going to get worse in the months ahead, a lot worse. The way I see it, in a depressed economy where the practice is experiencing a sharp drop in new patients, or cancellations, the dentist has two choices.

    1) Be prepared to close your doors and go out of business, or 2) increase your marketing efforts proportionate to the loss in collections. The latter choice will of course depend on the practice location and market, however where it is applicable, promotions which are proven to offer the most bang for the buck such as Web marketing are advisable.

    John Barremore
    Houston, TX

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