MD Articles

With a focus on personal finance for physicians, our articles offer unique insights about topics that matter to you.

  • Don't pay more tax than you have to: Use TFSAs as part of your financial plan

    Don't pay more tax than you have to: Use TFSAs as part of your financial plan

    A tax-free savings account (TFSA) is more than just a great way to build wealth: As part of a financial planning strategy, a TFSA can help ensure you don't pay more tax than necessary.TFSAs serve...

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  • Should medical residents start saving or pay down debt?

    Most medical students in Canada today will finish school and enter residency with debt, with 46% owing $100,000 or more.1 Residency is often the first chance for physicians-in-training to start...

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  • How Getting Through Med School Is Like Summiting Everest, and Four Simple Rules That Can Help

    The path to becoming a physician can be like climbing Mount Everest. It demands unquestioning dedication and effort—but the reward is the fulfillment of a major personal goal.

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  • How to Prioritize Your Goals

    Residency: you’ve accomplished so much to get to this stage. As you approach the end of your medical training, you’re probably thinking about all the things you need to do, including setting up...

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  • Advice or Online Brokerage? Why Not Both?

    Many physicians want to manage their own investments using an online discount brokerage account. Here’s what to expect and why financial advice and financial advisors still matter.

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  • Investing Is Easy—Until It’s Not

    Fintech has made DIY (do-it-yourself) investing easy. You can trade directly or use robo-advisors. But here are the reasons and research why financial advisors are worth the cost.

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  • What to Expect From a Robo-Advisor

    Robo-advisors are the middle ground between direct investing with no service and complete service with a financial advisor. Here’s everything you need to know about robo-advisors.

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  • The Value of Advice Is Clear

    The Value of Advice Is Clear

    It’s not easy to navigate today’s financial markets on your own. In rapidly changing markets, an investment professional can provide valuable guidance and help keep your financial plan on track....

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  • How Medical Residents Can Develop Good Financial Habits

    If you are a medical resident in debt, should you start saving and investing? Here’s why you need to understand your debt and cash flow and set up a savings and investment plan.

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  • The Importance of Staying Invested

    The Importance of Staying Invested

    In investing, the term “high volatility” describes large swings in value, to both the upside and downside, of securities (like stocks, bonds, mutual funds, etc.). Some investors may be tempted to...

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  • Steering Clear of Emotional Investing

    Steering Clear of Emotional Investing

    Financial markets work in cycles, and so can investors’ emotions. No matter what you may hear in business news or from friends about the “next big stock tip,” it’s important to stay focused on the...

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  • Your Portfolio Can Benefit from Holding A Variety of Alternative Investments

    Your Portfolio Can Benefit from Holding A Variety of Alternative Investments

    As an investor, you’ve likely heard of alternative investments – including hedge funds, private equity and high-yield bonds. If you wonder what role these assets can play in your portfolio, you’re...

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  • How Currency Risk Can Affect Your Portfolio

    How Currency Risk Can Affect Your Portfolio

    Geographic diversification of your portfolio is key when it comes to managing risk and seeking return. However, while there are advantages to investing beyond our borders, currency risk (or...

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  • How to Manage Currency Risk in Your Investments

    When you have foreign investments, there is currency risk or exchange-rate risk because foreign investments are priced in foreign currency. Currency hedging can reduce exchange-rate volatility.

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  • Why Is Financial Advice Important? Let Us Count the Ways.

    Financial advice helps to ensure proper portfolio diversification, understand your financial goals, be on track for a comfortable retirement, and capitalize on the best opportunities.

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  • Expand Your Asset Allocation Opportunities With Alternative Investments

    Alternative investments represent an extensive set of diverse strategies and assets different from conventional asset classes like stocks and bonds. These can provide greater diversification.

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  • Alternative Investments Explained

    Alternative assets may include investments such as private equity, commodities such as gold, infrastructure, real estate, and artwork. They often contribute to better portfolio diversification.

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  • Demystifying Derivatives: An Important Portfolio Management Tool

    Derivatives can provide additional opportunities to expand your exposure to potentially attractive investment opportunities that enhance performance, while effectively allocating and managing risk.

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  • TFSAs: Tackling Your Most Frequently Asked Questions

    Here are the most commonly asked or frequently asked questions about tax-free savings accounts (TFSA). How to open a TFSA, what to hold in a TFSA, withdrawing from a TFSA.

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  • Maximizing RRSPs and TFSAs: Getting the Most Out of Two Powerful Tax-Advantaged Vehicles

    Both RRSPs and TFSAs offer valuable benefits. What is the difference between an RRSP and a TFSA? How do you maximize the tax-deferred growth of each? Contribution limit, tax deductible, withdrawals.

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