Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

The Biggest Investment Mistake Doctors Make!

17 Feb 2025 · 0 min

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0:18

A short video discussion (featuring Ndubuisi 'Andy' Egwim) addressing why many doctors and healthcare professionals avoid investing—largely due to perceived risk—and practical options such as using pensions, SIPs (self-invested plans) and ISAs. The speakers highlight that 73% of doctors/healthcare professionals do not invest and note that for those over 40 a cash ISA is an available, tax-efficient option.

Questions this video answers

73%

Cash ISA

Investment comes with risk. And that's part of what we're learning these seven days, how to manage that risk. 73% of doctors and healthcare professionals that don't invest. The biggest challenge, they say, is that they see investment as risky. Being able to invest means you can actually take advantage of the pension options and invest by yourself through a sip.
I hope it's something that you will talk about. If One is over 40, what are the options for the ISA?
So if you're above 40, you can have a cash ISA. That's one of the types of ISA. And why? The ISAs, they are more tax efficient. One of the mistakes people make is they just put money in the stock and shares like. But they don't invest it. Right. Okay.