beyond MD with Dr. Yatin Chadha

Have you ever wondered exactly how much your investments cost?? Welcome to part 1 of demystifying investment costs.This episode focuses on investment costs associated with mutual funds and will provide the fundamentals for the follow up episode that will discuss ETFs.Dr. Yatin Chadha interviews Leanne Mamchur, CFA, CFP, FMA from CIBC. Leanne has 19 years of experience advocating for private clients. She is passionate about demystifying the cost structure in Canadian Wealth Management (and is in fact writing a book that covers this topics).Please see links towards the end for Leanne's article (nicely summarizes investment costs) and bio.In this episode we discuss:- CRM-2 (client relationship model) and impact on financial industry- Front-end load (initial sales charge), back-end load (going, going, gone!!!)- MER (management expense ratio) and its components, including trailer- What is the trailer? What services can it give you access to (coaching, planning, asset allocation, account structuring etc)?- Various series of mutual funds (focus on series A, D, F, O), impact on MER- TER (trading expense ratio)- Factors influencing MER and TER- How costs are disclosedLeanne's article titled "Unraveling costs and creating change", which eloquently summarizes much of this content:file:///Users/simaacharya/Downloads/Unraveling%20Costs%20and%20Creating%20Change%20-%20Confusing%20Web%20of%20Jargon%202/70645e5e-d4a7-11eb-a980-0cc47a792c0a_id_70645e5e-d4a7-11eb-a980-0cc47a792c0a.htmlLeanne's bio:file:///Users/simaacharya/Downloads/Leanne%20Mamchur,%20CFA,%20CFP,%20FMA/278e40f0-d4a7-11eb-a980-0cc47a792c0a_id_278e40f0-d4a7-11eb-a980-0cc47a792c0a.html

Dr. Yatin Chadha interviews his good friend, Arjun Saraf, CPA, CA, EMD, who is VP Finance and Mortgage Admin at New Haven Mortgage Corporation. The topic is mortgage investment corporations (MICs).  Arjun Saraf has more than 10 years of experience in the MIC space and is an expert on the topic.https://www.newhavenmortgage.com/This is the first of many episodes dedicated to alternative investments.Discussion points:- what is a MIC?- MIC vs private mortgage lending, pros and cons- understanding the borrowers- investment returns- distribution of returns, including DRIP (dividend reinvestment plan)- withdrawing funds from a MIC, considerations- risks of a MIC- checklist of criteria when considering a MIC- Covid-19 risks/considerationsFeel free to reach out to me on LinkedIn or beyondmdpodcast@gmail.com.

Dr. Yatin Chadha hosts Dr. Richard Sztramko, co-founder of Arya EHR (electronic health records). Site: https://www.aryaehr.com/Arya EHR is a rapidly growing Canadian health technology company focused on providing innovative and user-friendly EHR and telemedicine services for Canadian hospitals and clinics.Richard Sztramko's fellow co-founders are:- Dr. Sam Gharbi, general internist (BC)- Dr. Richard Vandegriend, cardiologist (Royal Columbian Hospital)There are many lessons and sources of inspiration from the success stories of our colleagues. Topics covered in the interview:- Arya EHR: basics, services offered- current issues facing EHR- Vision and mission behind Arya- How Arya can reduce cost and enhance efficiency- Having a business idea vetted- Process of establishing a team- Financing a business venture- Mistakes, lessons learned- Balancing business with medicine and family life- Advice for entrepreneurs

Dr. Yatin Chadha hosts Jean-Pierre Laporte (CEO Integris Pension Management Corp) to discuss the personal pension plan (PPP).This is highly relevant and under discussed material for any incorporated professional/small business owner.Discussion points include:Review of basic IPP (individual pension plan) conceptsPPP account structure (3 accounts)- Defined benefit account (DB)- Defined contribution account (DC)- Additional voluntary contribution account (AVC)Age benefit of PPPs (no need to wait until age 40)- ability to contribute to DC and AVC accounts before age 40Additional tax sheltering advantages compared to IPP- RRSP double dip- flexibility in contributions through DC and AVC accounts- ability to make contributions even when DB account is in surplus- benefit/strategy of holding low yielding investments in the DB account (accruing special payments)- benefits of PPP in wealth transfer/estate planningFiduciary oversight with PPPWhy the PPP is under discussed in personal finance

Dr. Yatin Chadha hosts Jean-Pierre Laporte, BA, MA, LLB, RWM, CEO at Integris Pension Management Corp to discuss Individual Pension Plans (IPP)This is an under-discussed topic in personal finance and is highly relevant to all incorporated professionals.The discussion includes:General- overview- eligibility, ideal candidateFunding and Tax Advantages- work around for passive income rules- increased contribution room relative to RRSP- tax deduction for investment management fees- access to additional investment instruments- special payments- terminal funding- income splitting- rolling over the RRSP into IPPLimitations- age- cost- diversification rules

Dr. Yatin Chadha hosts Sue Ennis, head of investor relations at Hut 8 mining corporation. Sue has 4 years of dedicated experience in the crypto space with previous roles at Shyft Network (senior vice president, global partnerships) and Coinsquare (director).The aim of the episode is to help listeners gain basic knowledge of bitcoin, its emerging role in the financial industry, and understanding it as a potential investment.Disclaimer: I do not provide investment advice, nor do I tell anyone to invest in cryptocurrency.  Please conduct your own due diligence :)Episode covers:Crypto 101- what is bitcoin?- what are the benefits of bitcoin?- factors driving demand - blockchain fundamentals- is bitcoin scalable?- which areas in the world is bitcoin acceptance accelerating fastest?- will bitcoin accompany fiat currencies or eventually replace them?Bitcoin headwinds/challenges- competition from other cryptocurrencies - security/hacking- government intervention/regulation- impact of digital currencies- impact of tether stablecoin- illicit activity (myth?)Bitcoin mining- understanding the business model- streams of income- hut8 vs other miners- is mining centralized (myth?)- mining carbon footprintInvesting in bitcoin - coin exchanges - roboadvisors, ETFs, fees- proxies for getting into bitcoin (miners etc)- security issues, wallets

Dr. Yatin Chadha hosts Tim Cestnick, FCPA, FCA, CPA(il), CFP, TEP, to discuss RRSPs for incorporated small business owners.Tim Cestnick is well known as one of Canada’s most respected voices in tax, personal finance, and wealth management. He is CEO and co-founder of Our Family Office, a leading wealth advisory firm for high earning Canadians. Tim writes a weekly column in the Globe and Mail called "Tax Matters".Topics discussed:- big picture: do incorporated professionals benefit from RRSPs?- ideal assets for RRSPs- RRSPs vs IPPs (individual pension plans)- spousal RRSPs- pros and cons of RRSPs- unique RRSP strategies- common RRSP mistakes- in kind RRSP contributionsPlease send any questions to beyondmdpodcast@gmail.com

Yatin Chadha interviews 2 former colleagues, Dr. Aaron Hall and Dr. Khalil Jivraj, both of whom are successful DIY investors.Aaron has been investing since before the dot-com bubble and uses only 3 ETFs. Khalil's approach incorporates stocks and ETFs.Points covered:- the importance of minimizing investment fees- the power of passive ETF investing- factors to consider when picking an ETF- basic strategies for holding individual stocks- certain pitfalls of stock picking- lessons learned from March 2020- lessons learned from the financial crisis- biggest winners, losers, lessons- useful resources and advice for DIY investorsPlease send any questions to beyondmdpodcast@gmail.com

2020 will go down in history for many reasons, including the fastest bear market and recovery for stocks. There are many lessons to be learned. Yatin Chadha interviews Andrew Iu from Burgundy Asset Management. Andrew manages the firm's small cap fund and builds and develops the firm's team of analysts in his role as research director. Andrew is also a former analyst at Goldman Sachs.Topics covered include: - current market trends, including impact from Covid-19 and valuation- the role of bonds- investing in ETFs vs stock picking- how to evaluate a company- pearls for dividend investing- common mistakes by DIY investors- considerations for investing beyond the S&P500- investing themes for the future

Yatin Chadha hosts Elan Weintraub, co-founder and director of the Mortgage Outlet, one of the largest private mortgage brokerages in Canada and recipient of numerous industry awards. Elan is known for his no-nonsense straight talk and discusses the following: advantages offered by brokerages, forces influencing mortgage rates, current rate environment and when changes may happen, factors to consider when deciding on variable vs fixed mortgages, what to expect when converting a variable rate to fixed, HELOCs (home equity line of credit), updates in the mortgage world, and considerations to keep in mind when deciding whether to break a mortgage and lock in a new rate.