We use money every day. It is the common currency that we use to trade with others. At its core,[…]
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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.
Career Satisfaction & Balance: Stick It To “The Man” & Play Your Banjo
Attending a music recital is a common right of passage for the more affluent parents in our area. For those[…]
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Norbert’s Gambit Using MD Direct or Qtrade
Norbert’s Gambit or Q-Bert’s Gambit? Norbert’s gambit is a way to exchange Canadian and US dollars extremely cheaply using a[…]
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Mental Accounting: Be a Financial Vulcan To Live Long & Prosper
Mental accounting is a common financial behavioral error. It can be insidious and feel natural, even though it is illogical[…]
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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 post-secondary training for our kids.[…]
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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[…]
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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[…]
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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[…]
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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[…]
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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[…]
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