Physician Finance Canada — Personal Finance Investing & Wealth For High Income Professionals

Can You Retire Without Investing? Maybe.

December 7, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

There are a couple of arguments that I have heard people use to stop the discussion about investing cold. We examined the assertion that investing is simply gambling last week. Gambling is a good way to lose your money. So, it is important to invest rather than gamble. However, all investing still carries some risk.[…]

Investing – Why Take The Gamble?

December 1, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

It is conventional wisdom to assess your risk tolerance and invest accordingly. However, I have also heard a number of criticisms of this approach. Much can be learned from examining both sides of an argument. There are often some nuggets of truth. In the next two posts, I will examine one of those arguments that[…]

Home Equity Investment Loans – Leveraging The Loonie Bin For Income Splitting

November 24, 2018 The Loonie Doctor Featured Posts, The Sim Lab

I recently did a post on leveraging your home equity to invest and building the taxable account of a lower income spouse. That strategy is part of intermediate-term income splitting. Whether using an investment loan against your home to fund investing is a good idea or not depends on multiple factors including: Whether a taxable[…]

Bond Risks & Volatility: Not All Bonds Are All Equally Soothing

November 16, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

Not all bonds are equal for soothing the beast. To achieve the best investing results in the real world, we need to avoid the bad investor behaviors driven by our emotions. One approach to that while building our portfolio is to use some bonds. The effectiveness of bonds for soothing our inner emotional investor beast depends on[…]

Portfolio Building With Some Bonds For The Beast

November 9, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

Successful investing isn’t just about “the math”. Equities have the best long-term returns and tax treatment. There are some strong arguments that an all-equity portfolio will outperform. However, that approach hinges upon having a solid plan with extra wiggle room and executing it all with perfect discipline. If you can do that – great! Maybe[…]

Investor Behavior: Your Inner Hulk Investor

October 26, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

Bonds historically fluctuate in value less (are less volatile) than equities. They also produce interest income which is highly taxed. In contrast, equities are more volatile in the short-term, but have always outperformed bonds over the long run. Further, equities produce more favorably taxed dividends and capital gains. This has caused some long-term investors to[…]

Build A Profitable & Fulfilling Practice- Go Where You Are Needed

October 19, 2018 The Loonie Doctor About, Featured Posts

Go Where You Are Needed In the first part of Loonie Doctor Wolverine origin story, you found out how I slid along the scale of altruism and greed to find that symbiosis is key to a healthy medical career. While I was fighting off ninjas and planning my ultimate attending job, I received the advice[…]

For Career Fulfillment – Find Symbiosis

October 12, 2018 The Loonie Doctor About, Featured Posts

One of the pieces of advice that I casually dropped in the post about how to start and build your medical business was to “Go where you are needed“. This one short sentence is central to finance and fulfillment in the professional life cycle – one of the main taglines that I use for this site.[…]

Business Planning To Start & Build Your Medical Practice

October 5, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

This is the third post in a series to help new attending physicians get started off on the right financial foot. Previously, we discussed some early career major work and lifestyle choices with big financial impacts. That was followed with a checklist to tackle the big personal finance issues of debt, investing, cash flow, and calamity[…]

New Attending Personal Finance Checklist

September 29, 2018 The Loonie Doctor Featured Posts, Financial Planning Physiology

Getting off to a strong financial start as a newly minted attending physician has disproportionately large impacts longer term. In the preceding post, we touched upon some major work and lifestyle choices that new attendings face. A few years of continuing to work, live, and spend like a resident yields financial dividends early on that can compound[…]