In the preceding post, we compared using an RESP vs a corporation to help fund[…]
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Physician Finance Grand Rounds – Anniversary Edition
The Loonie Doctor blog just turned one year old. I am eating solids and have largely stopped drooling. Thanks to[…]
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Blog Update
Those who follow Loonie Doctor regularly will note that I disappeared from my usual weekly[…]
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The ETF Arsenal: Weapons Used To Arm A Basic Robocorp Portfolio & Their Role
Different holdings serve different functions within your overall portfolio. This post will review the different[…]
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RESPs For Corporate Kids – Part 2
In the preceding post, we compared using an RESP vs a corporation to help fund[…]
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Home Equity Investment Loans – Leveraging The Loonie Bin For Income Splitting
I recently did a post on leveraging your home equity to invest and building the[…]
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Personal Finance Podcast Appearance
I have no illusions about being cool. That was twenty years ago. If even then.[…]
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Personal finance flog for Canadian doctors and other high income professionals.
A Canadian physician blog for helping other Canadian physicians learn to manage and improve their financial health, invest, and build wealth to support them in having fulfilling careers and lives.
RESPs For Corporate Kids – Part 2
In the preceding post, we compared using an RESP vs a corporation to help fund post-secondary training for our kids. In contrast to those with a large lump sum in a personal account, for corporate kids, moving just enough out of the CCPC and into the RESP to get the Canada Education Savings Grant (CESG)[…]
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RESPs For Canadian Corporation Kids – Part 1
This post examines how to best fund an RESP for families with their available investment money inside a CCPC (such as a professional corporation). The last few posts on RESPs have been for the rich kids with $50K in a personal account to invest. In that setting, a larger upfront lump sum contribution could be[…]
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Optimizing a Lump Sum RESP Contribution Strategy
For those fortunate enough to have the money available upfront to fully fund an RESP, the dilemma becomes how to best do so. Making a large upfront RESP contribution to grow tax-free may outweigh the loss of some of the Canada Education Savings Grant (CESG) for those facing large tax burdens. In last week’s post,[…]
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RESPs For Rich Kids With A Lump Sum
In my previous post about how to optimize RESP contributions, I showed that for those who have the money, front-loading the RESP up to $16500, then adding $2500 annually would probably produce the best outcome by combining a longer period of tax-sheltered growth with still getting the maximum Canada Education Savings Grant (CESG). One of[…]
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When to Rebalance an Investment Portfolio
Rebalancing the investments in a portfolio helps to manage risk in the portfolio over time. A systematic approach to rebalancing also encourages disciplined investing rather than emotion-driven portfolio adjustments. This post explores the mechanics of how frequently to do it and how aggressively. When should I rebalance my portfolio? As humans, we are innately attracted[…]
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Portfolio Rebalancing: What is it? Why Bother?
Some tasks cause decision paralysis amongst those making the jump into DIY investing. One is determining their risk tolerance and asset allocation. Another is deciding which funds to buy in what accounts to achieve that in a tax-efficient way. I have made a simple three-fund portfolio building tool and a more complex one to help with[…]
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Personal Finance Podcast Appearance
I have no illusions about being cool. That was twenty years ago. If even then. Right now, I’ll settle for “not totally embarrassing to be seen in public with”. Regardless, I made my first appearance on a podcast this past week. I think that is pretty cool. It was on The Personal Finance Show produced[…]
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Robocorp Four Fund Tool: ETF Portfolio Optimization Made Simple
It is common advice for DIY investing beginners to keep it simple. There is an excellent rationale for this. The very act of purchasing that first ETF is scary for many. More than two or three ETFs means more math. Trying to juggle the complexities to match investment types across different account types – paralyzing[…]
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The ETF Arsenal: Weapons Used To Arm A Basic Robocorp Portfolio & Their Role
Different holdings serve different functions within your overall portfolio. This post will review the different ETFs used in the Robocorp “Rookie” basic portfolio building tool. Robocorp is simply an aid for you as a DIY investor. So, it is important for you to understand what you are using, and why, as you build a portfolio[…]
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Assessing Risk Tolerance & Asset Allocation
It is important to understand the role that the different holdings in your portfolio play. The Robocorp Canadian portfolio building tool is simply an aid for you as a DIY investor. You need to make sure that your investment plan is suitable. So, it is vital to know what different assets are intended to do[…]
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