How is my Financial Health, Doc?

A little knowledge can be a dangerous thing. But full knowledge can be very powerful. Are you an outlier?

We are good at what we have learned and do. We are good at providing medical care. After all, we are doctors. Does that also mean we are good at building financial security and wealth? Most of us are not. Some of us are. Or at least we think we are. What we think we are really good at is mainly in investment. Are we also really good at the other aspects of financial planning? The biggest enemy to knowledge is not ignorance, it is the illusion of knowledge.

 

Please email me if you have any feedback, comments, or suggestion for future topics: hmfhd2020@gmail.com

Are you a cowboy when it comes to investing?

The sixth installment in the serie on Behavioral Finance. Taking too much risk due to greed. This bias is something I am certain we all can fall victim to. Are you trying to be a cowboy and hit home runs all the time? Or should you follow a strategy to grow your portfolio?

Be sure to know who you are listening to. Songs of Sirens can lead you astray.

The fifth installment in the serie on Behavioral Finance. Songs of Sirens. This bias is something I am certain we all are victim of. Beware who you listen to and what is being said. Do you fall the beautiful stories? if so, you are most at risk.

Quantitative Easing (QE) - breaking it down so you can understand why you need to care!

Quantitative Easing (QE) is a word that has been bounced around for some time now. I never understood what this sophisticated word meant. To be honest, I did not care until I understood it just enough. Now, I feel the need to understand a bit more because it will impact my personal finances in a very large way. QE will be broken down into simple concepts even a doctor (me and you) would understand.

 

Please email me if you have any feedback, comments, or suggestion for future topics: hmfhd2020@gmail.com

Checking your portfolio too often only creates regrets.

The fourth installment in the serie on Behavioral Finance. Checking you portfolio often. This bias is something I am certain we all are victim of. Checking your portfolio too frequently and acting on emotions when you goal is long term adds no value. It only creates regrets.

Loss Aversion is making you do things you will regret!

The third installment in the serie on Behavioral Finance. Loss Aversion. This bias is something I am certain we all are victim of. We experience loss more deeply than we experience gain. This in turn makes us do things that are not in our best interest.

Mea Culpa (Mikaela)

Another episode in the series of Mea Culpa. This time, we learn from Mikaela.

To connect with me for mentorship/coaching/consulting related questions, please also visit: www.financialhealthdoc.com or email me at hmfhd2020@gmail.com

Do It Yourself Investing - the Good, the Gaps, and the Ugly

If you are making investment or money decisions on your own (DIY), are you doing it correctly? Have you considered the overall strategy? Or are you just buying assets haphazardly (like a plastic bag floating in the wind)? What is missing in the DIY strategy? You need to know (because what you don't know can really hurt you).

Confirmation bias: You are so vain!

The second installment in the serie on Behavioral Finance. Confirmation bias. This bias is something I am certain we all are victim of. At least, in medicine, it is rampant. I see it everywhere and from everyone. Are you bringing it from your professional life into your investment decisions as well?

 

I am also excited to announce my upcoming virtual Financial Workshop on Sept 17th, 2021.

"What would your future self tell you in 30 years that you need to hear now?" Empower your future self now.

Please visit: www.beautifultimesinc.ca/conferenceandworkshops

Space is limited to 20 attendees!

 

To connect with me for mentorship/coaching/consulting related questions, please also visit: www.financialhealthdoc.com

Or email me at hmfhd2020@gmail.com

Herd Mentality: driving towards FOMO and it is dangerous!

Do you think you always make the right decision in medicine? There many blind spots which we call cognitive biases. I am certain you are aware of these biases in your professional practice. However, are you aware of these blind spots when in comes to investing your money? This is the first in this serie on the topic of Behavioral Finance. Enjoy!

 

I am also excited to announce my upcoming virtual Financial Workshop on Sept 17th, 2021.

"What would your future self tell you in 30 years that you need to hear now?" Empower your future self now.

Please visit: www.beautifultimesinc.ca/conferenceandworkshops

Space is limited to 20 attendees!

 

To connect with me for mentorship/coaching/consulting related questions, please also visit: www.financialhealthdoc.com

Or email me at hmfhd2020@gmail.com