Learn what volatility really is and the risks that it can pose to your investing - both along the journey and when you reach the destination.| Physician Finance Canada
The concept of financial independence/retire early (FIRE) is all the rage in the personal finance space. The idea is to save a large percentage of your income (50% or more), live as frugally as possible, and retire in a short period of time while continuing to live frugally. Sometimes, fortunate young people with higher incomes can do this and retire in their 30's, and in some cases, their late 20's! In any case, the biggest concern with retiring early is running out of money. The earlier th...| Million Dollar Journey
Sequence of returns risk for investors is caused by cashflow and magnified by volatility. Learn what it is to be able to plan for it.| Physician Finance Canada
We all have an inner emotional investor beast that can smash our portfolios if it takes over. Learn about what creates and provokes the beast to control it.| Physician Finance Canada
The concept of a safe withdrawal rate (and the 4% rule) is a key planning tool for Canadians of all ages. After all, if you don’t have a general withdrawal plan, how can you know how much you need to save in the first place? If you have been reading MDJ for years, you already have an idea of how to use a Canadian online broker account to DIY-invest your way to a solid nest egg. Now you’re planning for retirement (whether it’s 20+ years away or next year) and you’re wondering how to ...| Million Dollar Journey
To build a tax-efficient portfolio, you must learn how investments make income, how it is taxed, and why it is treated that way.| Physician Finance Canada