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Episode 146 – Four Common Investment Mistakes Optometrists Should Avoid

As an optometrist and practice owner, you’ve got enough on your plate running a household, practice, and career - but what about your investments?

In this episode of the Optometry Money Podcast, Evon Mendrin, CFP®, CSLP®, walks through the four most common investment mistakes he sees optometrists make when they come to his firm - mistakes that can quietly cost you over your career.

You’ll learn:

• Why a “junk drawer” portfolio is not a strategy (and how to create a clear investment approach).
• The difference between owning more funds and actually being diversified.
• How complexity for complexity’s sake often adds cost and confusion without adding value.
• Why simplicity can lead to better outcomes, even for high net worth ODs
• Why asset location - putting the right investments in the right accounts - can save you significantly in taxes over time.

These aren’t one-off missteps - they’re patterns Evon sees over and over with ODs nationwide, and by avoiding them, you can create a portfolio that’s simpler, more efficient, and better aligned with your financial goals.

Resources and Links:

• Free PDF Guide: Key Issues to Review in Your Investments
• Schedule a no-pressure introductory call with Evon

Other Episodes Mentioned:

• The Optometry Money Podcast Ep 61: Should You Invest in International Stocks?
• The Optometry Money Podcast Ep 134: The Case for Index Funds – Why Optometrists Should Embrace Passive Investing
• The Optometry Money Podcast Ep 135: Beyond Indexing – An Optometrist’s Guide to Factor-Based Investing
• The Optometry Money Podcast Ep 140: What Most Investors Get Wrong About Dividend Investing

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.