Jump to content

Giving a presentation to a group of young physicians


stahleyp
 Share

Recommended Posts

Hey guys,

 

I've been recently asked to give a talk to a group of physicians about financial planning and investments (basically I'm hoping to steer them away from the sharks). I think someone else on here gave a similar talk recently (but couldn't find the thread). Anyone remember that? Any talking points you think I should address?

Link to comment
Share on other sites

Hey guys,

 

I've been recently asked to give a talk to a group of physicians about financial planning and investments (basically I'm hoping to steer them away from the sharks). I think someone else on here gave a similar talk recently (but couldn't find the thread). Anyone remember that? Any talking points you think I should address?

 

I probably would tell them just to avoid anything with complexity and /or high fees. That alone more or less should steer them in the right direction.

Link to comment
Share on other sites

How much time do you have?

 

I’d tell them something about compounding and the effect of small costs on the end result, the EMH and its faults, how hard it is to beat the market, something about psychological challenges (i.e. Kahneman, common biases investors suffer from). Tell them that people in finance often have completely different incentives than their clients / shareholders etc. and why that is bad. Explain active vs passive investing. Tell them about Vanguard.

 

If you have some time left you could try explaining the basic tenets of value investing: i.e. a stock is a partial business. Ask them what they’d look for when buying a burger joint (i.e. do they own the real estate, are they indebted, annual cash flow, taxes, forecasts, how is the personnel, model profitability, etc.) and make them understand that it works the same way with stocks.

 

Finally you could recommend some books/websites for those who are interested.

 

At least for the investing part.

Link to comment
Share on other sites

Email them ahead of time to ask what they are most interested in. How to find a good financial planner. Lay out your own conflicts and how you make money clearly up front. State your objectives and take home message early on. Talk about financial planning to them in context of their lives where they settle down much later and catch up on their investments, and talk about minimizing taxes. Also any areas where their investments will be safe from litigation claims. Rolling over after leaving employers. If they are active investors, discovering their investment philosophy and circle of competence. Happy to look at your material if you’d like (I’m an MD MBA employed with a University)

Link to comment
Share on other sites

The following is a list of topics that I think physicians would appreciate learning about:

1) Power of compounding

2) Rule of 72

3) Broad spectrum ETFs - VOO, VCN, VWO, VGK

4) Cost of managing a portfolio - paying a 1-2% annual fee on a $1M portfolio adds up to real money over 10 years

5) Tax implications of where to place investments (In Canada, TFSA, RRSP...)

6) Concept of Diworsification - how diversification works or mostly doesn't

7) How to handle the cocktail party stock tip

 

Good luck! Maybe you will post the presentation on this thread along with feedback you received from audience as to what appealed

Link to comment
Share on other sites

  • 4 weeks later...

Just wanted to update this.

 

The presentation went really well! It looks like I might be invited back to talk to the attendings too. :)

 

 

I'd rather not post the slides in public, but if anyone is interested in them, feel free to message me. 

Link to comment
Share on other sites

  • 2 weeks later...

Just wanted to update this.

 

The presentation went really well! It looks like I might be invited back to talk to the attendings too. :)

 

 

I'd rather not post the slides in public, but if anyone is interested in them, feel free to message me.

 

I'm interested.

I'd really like to convince some of these young students I go to school with to think about actual equity ownership instead of "get rich quick" schemes.

I've been proselytizing & have found one or two fertile seedbeds.

Your professional presentation may help.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...