If you don’t like spending a lot of time and energy constructing an investment portfolio, then maybe you should take the advice from the world’s most well-known investor, Warren Buffet. Click HERE for the short but interesting read – it might just change your life.
Investing and wealth creation can be really simple and yet very efficient and successful. However, many doctors and dentists, and their advisers in particular, complicate matters with no real benefit, and think too short-term. Here is an excellent article that highlights the benefits of long-term investment thinking: Lessons from the Market If you don’t have time to read it, here … Read More
It is no secret that doctors and dentists have a love affair with property. However, all too often property investment and negative gearing is seen as the holy grail of wealth creation, and aggressively promoted by various medical accounting and financial planning groups. My belief is that there is a tremendous amount of risk involved with pursuing this single strategy. … Read More
This is one of the most common questions I get asked…and it is probably one of the best questions as well. Whilst it makes sense to pay off your home mortgage as quickly as possible, I believe it can also make perfect sense to start investing while you still have a mortgage. Because the younger you start, the longer compounding … Read More
Over the years, I have heard some heart-breaking stories of (medical) professionals who lost hundreds of thousands of dollars through bad investments: – a doctor who lost over $500,000 in a boutique resort-style property syndicate – he had to sell his house to top up his retirement funding; – various doctors who lost several hundreds of thousands on speculative, geared … Read More
As I have highlighted a couple of times in the past, doctors and other medical professionals typically have a love affair with property. It is not hard to see why: – it provides tax benefits in the form of many possible tax deductions; – it is easy to leverage against and finance options are plentiful for doctors; – it is … Read More