Month: June 2022

The Financial Advisor – a note on Jargon

The MediFi Guy
jargon

Last Updated on July 24, 2022 by The MediFi Guy Hey, med student bro! How’s your net worth looking nowadays? I’ve been thinking of dollar cost averaging into a total return stock market index-linked ETF in my tax-advantaged accounts, but I’m not happy with the level of intra-asset class diversification within the fund. Maybe it’s the market cap weighting they’re using? Not to mention I find the small hedge fund allocation a bit unsettling. Maybe I should consider de-risking a bit and adding an inflation-linked bond index fund as well?…

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The Financial Advisor – an overview

The MediFi Guy
financial advisor

Last Updated on July 24, 2022 by The MediFi Guy The Four Horsemen of your Financial Apocalypse: The financial advisor The car salesman The private banker The insurance broker The Financial Advisor “What’s wrong with having a financial advisor? Shouldn’t I get an expert to help with all this confusing financial stuff? I mean if you can’t do something yourself, you hire an expert to do it for you, right?” The reasons you should carefully consider whether the services of a financial advisor are in your best interest before signing…

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A Message to Final Year Medical Students

The MediFi Guy
message to medical students

Last Updated on July 24, 2022 by The MediFi Guy You now find yourself at a critical transitional period, a few months before formally starting work with the promise of one of the highest starting salaries in the country. A period wherein you will become the target of a host of financial services professionals. These professionals are banking on your lack of knowledge regarding basic personal finance and investing concepts (which the majority of new doctors tend to be ignorant of) and will try anything within their means to capitalize…

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What is Financial Independence?

The MediFi Guy
financial independence

Last Updated on July 24, 2022 by The MediFi Guy Simply put, working because you want to, not because you need to, is Financial Independence. The way the world works, whether we like it or not, is that money is the means by which you attain the freedom of choice to live the way you want to. The vast majority of people work because they have to work, not because they want to, nor do they enjoy the work that they do. The reality is that they don’t have the…

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Introduction

The MediFi Guy
introduction

Last Updated on July 24, 2022 by The MediFi Guy Hello, and welcome to my blog! I’m a Medical Doctor who completed my undergraduate training in South Africa. Towards the end of my final year of study, as is the case for medical students across the country every year, I was approached by a host of financial advisors and salesmen eager to offer me their services and sell me a wide variety of investment and insurance products, that they all assured me would be in my best interest to acquire. Rather…

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