None of us can be the hypothetical Homo Economicus who makes only rational decisions. Instead, we must contend with the sunk cost fallacy. Here’s all you need to know about it. PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become…
Author: Iqbal Nugroho
Where to look for Lab Grown Diamonds
Lab-grown diamonds are a popular choice for those looking for a beautiful and ethical alternative to mined diamonds. Lab-grown diamonds are created in a laboratory using high-pressure and high-temperature conditions that mimic the natural conditions under which diamonds are formed. They are chemically, physically, and optically identical to mined diamonds, but they are often much…
Interest Rates Rise in the UK
Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate. It’s worth noting that although the Bank of England is raising their rates to 5%, mortgage…
Is Buy-to-Let Worth It?
FAQs Is buy-to-let dead? While changes in tax regulations and the current economic climate have made buy-to-let more challenging, it can still be a profitable investment with careful planning and management. Can you still make money from buy-to-let? Yes, with the right property and management, you can generate a steady rental income and potentially benefit…
6 Summer Reads for 2023 on Money, Mindset, and Meaningful Relationships
Are you ready to embark on a journey of personal growth with a summer reading list? In this post I will review my top 6 book picks for Summer 2023 that promise to revolutionize your perspectives on money, mindset, and meaningful relationships. As a physician-turned-real-estate-investor, I’ve learned that a well-chosen book can be a game-changer,…
Liverpool and Manchester Top Cities For GCC Investors
For investors based in the six Gulf Cooperation Council (GCC) countries, the UK has historically been one of the most popular places to invest in buy to let property. Understandably, London has received the majority of this investment through the years due to it being one of the world’s most important financial centres, having huge…
Brace for a Wave of Commercial Real-Estate Defaults
Billionaire investor Howard Marks sounded the alarm on the commercial real-estate sector. The Oaktree Capital co-founder warned of mortgage defaults that could add stress to the US financial system. “We’re very likely to see mortgage defaults in the headlines, and at a minimum, this may spook lenders,” Marks said. loading Something is loading. Thanks for…
Buying Property For Airbnb – How to Get Started
Traditionally, investing in buy to let property has been one of the most stable and assured methods of generating a lucrative, long-term passive income. As the UK market is historically one of the strongest and most resilient in the world, it’s easy to see why global investors consistently choose thriving cosmopolitan cities like London, Liverpool…
Journal Club 06-16-23 – Passive Income MD
Here’s Journal Club 06-16-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well! Ever wonder how millionaires store and grow their wealth? Do they stash it in hidden places or invest it in various…
Planning and Subdivision application information
“Telecommunication facilities” refers to all antennae and antenna systems including masts, towers, and other supporting structures required for radio communication and broadcasting services. Who regulates and approves telecommunications facilities? Innovation, Science and Economic Development Canada (Government of Canada), is the licensing body and regulates these facilities under the provisions of the Federal Telecommunications Act (SC…