Videos
What type of investor are you?
I used to think the smartest physician investor was the one who did everything themselves.
Spoiler: I was wrong. And it cost me.
Here's what I've learned: there are really three investor types — DIY, Validator, and Delegator — and none of them is the gold standard. The one that's right for you depends on where you are in your career, how much complexity has crept into your finances, and honestly, how much time you actually have.
The bigger mistake? Staying in the wrong type too long.
RRSP vs Corporate Investing
Is it better to invest inside our medicine professional corporations or direct the money into an RRSP?
As I have come to realize over the last several years, readily available investment tools such as the RRSP have considerably different optimal utility points for physicians compared to the general public. In the case of RRSPs, for example, making contributions every year may not be ideal, particularly for the high net worth physician who is nearing or exceeding the $500k mark inside their RRSP.