All too often you hear about doctors being the victim of medical practice fraud. The theft or fraud often occurs by way of misappropriation of cash, often in small amounts over a long period of time. In one case I heard about, the staff member was pocketing the cash payments from patients. The loss to the doctor amounted to well … Read More
Investment for doctors: should you trade shares and currencies?
Quite often I hear doctors talking or enquiring about actively trading shares or even currencies. In this article I would like to explore how investment for doctors should be approached, and whether certain investment strategies are a waste of time (and money). Investment for doctors versus speculation One leads to wealth accumulation the other often to wealth destruction: do you … Read More
Doctors and holiday homes
As I am spending a few fabulous days with my family in Western Australia’s glorious South West region, I can’t help but think about how many people will fall in love with a holiday home here. Summer holidays are typically the time of year when people believe buying a holiday home might also be a wise investment decision. After all, … Read More
Disruptive trends in healthcare
In a previous article (click HERE) I commented on how doctors can turn disruption into opportunity. In this week’s article I wanted to share some other interesting insights I found on current disruptive trends in healthcare. Below is a summary of the information that is available on the PWC Healthcare Website. I would encourage you to watch the 5 minute … Read More
The future of medicine: how doctors can turn disruption into opportunity in 2016
The start of a new year is the ideal time for some reflection, and to ask ourselves: What is the future of medicine in 2016? There is no doubt that medicine is facing many different disruptional forces: cuts in healthcare budgets, uncertainty regarding employment, competitive forces, technology, a ‘power’ shift towards the patient… However, while some doctors might feel overwhelmed … Read More
Doctors and property investment: how much is too much?
Many doctors have a preference for investing in property. It is not hard to see why: – property is tangible and easily understood; – property investment offers a lot of tax deductions; and – property investment can easily be borrowed for (particularly by doctors). While quality property is generally a great addition to an investment portfolio, it makes perfect sense … Read More
Asset protection for doctors
Many doctors are concerned about losing everything they have worked for through a claim being made against them. In this article I would like to explain what asset protection for doctors entails and how you can achieve it. What is asset protection for doctors and what are some of the risks? Asset protection means protecting your house and other assets … Read More
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