beyond MD with Dr. Yatin Chadha

In this episode I host Joseph Bakish (CFA, CLU, TEP), wealth & investment advisor, portfolio manager from Bakish Wealth at Richardson Wealth. Joe has abundant experience in the industry, accolades include top under 40 advisor in 2020 and being recognized among Canada's top 50 advisors in 2021.Discussion points:- basic approach to alternatives, discussion of CPP (3:50)- rationale for alternatives (14:08)- are alternatives uncorrelated from stocks? (17:02)- private lending (18:28)- the importance of due diligence (20:55)- illiquidity, rebalancing issues (26:05)- Inflation hedges? (33:09)- private equity (37:43)- why alternatives if stocks will continue to go up in the long term? (40:52)- summary of farmland (43:09)- what is over/under hyped in the alternative space? (45:46)- closing remarks: the benefit of buying, holding, and closing your eyes (48:51)Joe's email: joseph.bakish@richardsonwealth.comemail me at: beyondmdpodcast@gmail.comJoin me on Linkedin: https://www.linkedin.com/in/yatin-chadha-29074b109/Article referenced: - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3882899 (35:05) - https://blogs.cfainstitute.org/investor/2018/12/03/private-equity-the-emperor-has-no-clothes/ (38:35)

I host Dr. Michael Warner, Medical Director of critical care at Michael Garron Hospital & President of Advisory MD in one of my favourite conversations to date.Michael talks about the importance of maintaining passions outside of medicine, how an MBA helped him in medicine & beyond, the rewards & challenges of starting a business, his investment approach, & the most impactful life lessons he's learned.Advisory MD: https://www.advisorymd.com/Michael's email: michaelwarner@advisorymd.comMy email: beyondmdpodcast@gmail.comFollow me on LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

In this episode I host Amanda Doucette, TEP.  Amanda is a tax lawyer &  founder of the Tax Chick Podcast and Blog, which are wonderful resources for anyone wanting to learn more about tax and estate planning.Discussion points:- when to start estate planning (8;35)- essential documents (11:12)- durable vs springing power of attorney (14:05)- POA: who to choose, including trust companies (16:00)- summary of wills (18:45)- what happens if you pass away without a will (21:16)- what is probate? (23:19)- pros/cons of joint ownership (28:44)- beneficiary designations (32:47)- choosing an executor (36:36)- executor liability insurance (38:55)- basic overview of tax considerations (40:39)- RRSP: what happens (44:42)- life insurance: what happens (45:39)- preferential assets? (46:55)- tips on communicating with your family (49:24)- DIY estate planning vs getting professional help (51:14)- questions to ask an estate lawyer (55:31)Links to Amanda's workTax Chick podcast - https://podcasts.apple.com/ca/podcast/the-tax-chick-podcast/id1525089244The Tax Chick Blog - https://taxchickca.wordpress.com;Connect with me by email: thetaxchickpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/amandasadoucette   Instagram: @tax.chickSign up for my Newsletter, "Musings of a Tax Chick": http://eepurl.com/hNbXcb Resources discussed in the episode:WillPower: https://www.willpower.ca/Public Legal Education Association of Saskatchewan: https://www.plea.org/

I'm thrilled to have Dr. Wing Lim join me for this episode. Wing has achieved incredible personal, professional, and financial success.  One of his impressive accomplishments is co-developing the Synergy Wellness Centre in Alberta, which provides care for more than 500,000 patients annually.We discuss the challenges of medicine, financial mistakes, the importance adopting a growth mindset for success, the wealth mindset, taking/balancing risk, investing, the importance of our dreams, and more.Wing and I are both speakers at the upcoming Physician Empowerment financial literacy conference for physicians. For details, please refer to: https://www.physempowerment.ca/liveMy YouTube channel is now available:https://www.youtube.com/channel/UCMbWyp5EVB4LGSEutCDn8QgMy website will be active soon.

Thank you for listening to my second ever solo episode! Today I discuss my perspective on what's going on in the world around us (inflation, car prices, interest rates) and touch on key points from recent episodes.Discussion points:- why are (used) car prices so high, what happens from here, impact (2:48)- interest rates: investigating the past to gain insight into what happens next, impact (6:59)- personal pension plan (PPP): contribution limits for early career professionals (14:16)- Evidence-based investing: correlation & uncorrelated returns (17:47)- Critical illness insurance: my policy, how I hold it, a case against return of premiums (24:23)- Holding companies: reasons why one may want to consider one (27:27)Thank you for the support! Reach out at beyondmdpodcast@gmail.com or LinkedIn.Stay tuned for beyondmdpodcast.com & YouTube Videos!Resources for this episode:https://advisory.kpmg.us/articles/2021/used-car-prices-could-crash.htmlhttps://www.vanguard.ca/documents/dynamic-correlations.pdf

Ali Spinner (CPA, CA, TEP) is back! The topic today is Holding Companies.Ali is a partner in tax at Crowe Soberman LLP & has more than 20 years of experience in personal and corporate tax matters. Ali can be reached at Alexandra.spinner@crowesoberman.comWe discuss:- Holding company - what is it, rationale (5:00)- Rationale for protecting investments/assets from medical liability (8:45)- Homes with 2 professional corps, when to set up (11:00)- HoldCo set up, transfer of $ from operating company to HoldCo (14:00)- Lifetime capital gains exemption/LCGE (20:13)- Tax on passive/split income, TOPI/TOSI (26:15)- Surplus stripping (30:02)- Investing in collectibles (40:17)- Rental properties (42:04)- HoldCo downsides/costs (45:58)Reach out anytime on LinkedIn, Instagram (@beyond.md), or beyondmdpodcast@gmail.com

Yatin Chadha, MD, hosts Mehul Gandhi, CFP, CLU, TEPMehul is a financial planner, tax & estate practitioner, & licensed insurance advisor working out of the lower mainland in BC. He is the host of the Mind Your Biz Podcast, which covers topics for business owners & entrepreneurs.Topics discussed:- what is critical illness (CI) insurance, rationale (6:44)- how much insurance is necessary? (9:50)- is it necessary in Canada? (12:20)- potential impact of CI on family (14:08)- coverage of conditions (15:24)- personal, corporate, vs shared policy ownership (17:25)- return of premium (25:23)- loss of independence (27:30)- policies for children (29:20)- must ask questions (33:25)- retirement: mitigating sequence of returns risk (36:44)- retirement: mitigating longevity risk (42:22)You can listen to the "Mind Your Biz Podcast" by Mehul here: https://open.spotify.com/show/2MXapiWUSNcWUtYH76tYCI?si=3c0b6350982d43d9 Mehul's email: m.gandhi@westmountplanning.comFeel free to reach out to me on LinkedIn or email to beyondmdpodcast@gmail.com

Kevin Mailo, MD, Co-founder of Physician Empowerment is back.We discuss how finance relates to our overall wellness.Discussion points:Burnout - symptoms, survey data, contributors (9:10)The components of wellness (18:33)How financial security/literacy can mitigate stress/burnout (23:06)Considerations for earlier career physicians (34:51)How to have more control over finances (45:58))Does money = happiness? (53:14)Physician Empowerment is hosting a financial literacy conference June 3-5 in Toronto, by Canadian MDs for MDs.Website: https://www.physempowerment.ca/live

Yatin Chadha, MD hosts John Stocking, PFP, CIM, CIWM.John Stocking has almost 20 years of experience having worked in private wealth management both in Canada and overseas & with 3 Canadian banks.More recently, John succeeded in launching his own independent financial advice firm "Evidence Based Finance", through which he offers financial planning, DIY coaching, or comprehensive wealth management, or all of the above for a single flat fee.Website: https://evidencebasedfinance.ca/Topics:- evidence based investing basics (8:47)- five factor investing (13:44)- evidence based finance (37:45)- why it can be so hard to follow evidence/your plan (49:37)Factor investing subtopics:- basics, growth vs value, ETF considerations, uncorrelated returns, downside protection?, historical data (US, Japan), long term mindset, practicalityResources:https://www.pwlcapital.com/resources/five-factor-investing-with-etfs/https://ws-marketing-ui.s3.amazonaws.com/Wealthsimple_Our+Approach+to+Building+Portfolios_Final.pdf 

Thank you for joining me on my first solo episode! :)This episode is a covers my journey to this point & highlights key professional, financial, and personal lessons from my past, including mistakes.Remember, mistakes should be viewed as learning opportunities, not viewed as regrets.This episode is dedicated to my late father-in-law, Mahen Acharya, a remarkable individual. At the end of the episode I share what I learned from him.Topics:- my background/journey (1:10)- professional, personal and financial lessons from San Diego (4:35)- financial lessons and mistakes in Calgary (10:25)- major take home points - marriage, delayed gratification, & lessons from Mahen (18:00)Reach out anytime on LinkedIn or beyondmdpodcast@gmail.com