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dh.

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  1. Like
    dh. got a reaction from JVN in Question about med school eligibility - unusual undergraduate path   
    Dal allows for exemptions to the full-courseload rule for extenuating circumstances, and I believe your situation would qualify. In this situation, Dal calculates GPA based on your most recent 60 credit hours. I’m sure other schools have similar policies.
    Don’t let grades from the beginning of your undergrad get you down, it sounds like you would make an excellent candidate. Play to your strengths, and recognize how this experience has uniquely prepared you for medicine.
    Good luck!
  2. Like
    dh. reacted to Anaik in Acceptance letter release date?   
    My friend emailed them regarding a separate issue last week and still no response. I think it’s best for us not to poke them for now, I imagine they’re under a lot of stress
  3. Like
    dh. reacted to Jessletmein in Acceptance letter release date?   
    Alright folks, we've officially made it to April!
    WE. GOT. THIS.
     
    (please hold April fools jokes, my heart cannot)
  4. Like
    dh. got a reaction from coffeeaddict in Market crash - time to invest LOC?   
    Yes, this is definitely a short-term analysis, driven by the intention to pay off the borrowed funds ASAP.
    Taking the 1930 example (investing $10k just after crash of 1929):
    1930    -28.48%    7,152.00
    1931    -47.07%    3,785.55
    1932    -15.15%    3,212.04
    1933    46.59%    4,708.53
    1934    -5.94%    4,428.85
    1935    41.37%    6,261.06
    1936    27.92%    8,009.15
    1937    -38.59%    4,918.42
    1938    25.21%    6,158.35
    1939    -5.45%    5,822.72
    1940    -15.29%    4,932.43
    1941    -17.86%    4,051.49
    1942    12.43%    4,555.10
    1943    19.45%    5,441.06
    1944    13.80%    6,191.93
    Total value of 10k investment after 15 years invested: $6,191.93, for a loss of $3,808.07
    Borrowing cost of 10k at 2.95% over 15 years: $5,557.49
    Total loss: $9,365.56
    Let's take it further, and go for 30 years:

    Only after 27 years does this strategy return a profit, and remember, this is a very optimistic calculation: assuming investment after the 1929 market crash, assuming constant and near rock-bottom borrowing cost, and zero MER and transaction costs. Of course, you could pay off the money borrowed earlier, and save some of your borrowing costs, but I still think a better investment is to pay off debt before investing, and then to invest real money for the long haul. Borrowing money to "invest" does not seem to be a solid financial approach. Look at what your return in 1960 could have been had you used your own money instead of borrowed!
    Of course, making a lump-sum purchase of stock at a single point in time is not an ideal investment strategy, but my goal here is to illustrate the cost of using borrowed money to speculate in the market. I'm also sure that after 1929, many people thought the market was as low as it could go. And again after 1930. And again after 1931. Etc.
  5. Haha
    dh. reacted to Chels1267 in Acceptance letter release date?   
    Actually I'm more like this, let's be honest
  6. Thanks
    dh. reacted to ramjagsingh in OOP Seats   
    That was the interview stats for November 2018. For this application cycle (November 2019). There was 4 sessions in Halifax and 2 in Saint John I believe. I know the there was four interview tracks during each session in Halifax (4x12=48). I'm not sure if Saint John is the same... But, if all of my assumptions are correct (6x48=288). So that would mean 288 people interviewed, which was down from last year. This is all based off these assumptions I stated so feel free to correct me! But if there are 288 interviewees, I would assume the number of OOP people interviewing would definitely be down from 109.
     
    Edit: Sorry forgot to answer the other question, there are still only 9 OOP seats!
  7. Haha
    dh. reacted to notagunner in Market crash - time to invest LOC?   
    .
  8. Like
    dh. reacted to MDinCanada in Market crash - time to invest LOC?   
    Which is why it's so important to dollar cost average... You could also buy a stock while it's on it's way up (some time after it starts going up)
  9. Like
    dh. got a reaction from notagunner in Market crash - time to invest LOC?   
    Yes, this is definitely a short-term analysis, driven by the intention to pay off the borrowed funds ASAP.
    Taking the 1930 example (investing $10k just after crash of 1929):
    1930    -28.48%    7,152.00
    1931    -47.07%    3,785.55
    1932    -15.15%    3,212.04
    1933    46.59%    4,708.53
    1934    -5.94%    4,428.85
    1935    41.37%    6,261.06
    1936    27.92%    8,009.15
    1937    -38.59%    4,918.42
    1938    25.21%    6,158.35
    1939    -5.45%    5,822.72
    1940    -15.29%    4,932.43
    1941    -17.86%    4,051.49
    1942    12.43%    4,555.10
    1943    19.45%    5,441.06
    1944    13.80%    6,191.93
    Total value of 10k investment after 15 years invested: $6,191.93, for a loss of $3,808.07
    Borrowing cost of 10k at 2.95% over 15 years: $5,557.49
    Total loss: $9,365.56
    Let's take it further, and go for 30 years:

    Only after 27 years does this strategy return a profit, and remember, this is a very optimistic calculation: assuming investment after the 1929 market crash, assuming constant and near rock-bottom borrowing cost, and zero MER and transaction costs. Of course, you could pay off the money borrowed earlier, and save some of your borrowing costs, but I still think a better investment is to pay off debt before investing, and then to invest real money for the long haul. Borrowing money to "invest" does not seem to be a solid financial approach. Look at what your return in 1960 could have been had you used your own money instead of borrowed!
    Of course, making a lump-sum purchase of stock at a single point in time is not an ideal investment strategy, but my goal here is to illustrate the cost of using borrowed money to speculate in the market. I'm also sure that after 1929, many people thought the market was as low as it could go. And again after 1930. And again after 1931. Etc.
  10. Like
    dh. got a reaction from wannabdoctor in Market crash - time to invest LOC?   
    It's a gamble, and you will be subtracting guaranteed interest compounded monthly from any potential market gains (or losses).
    Let's create a few scenarios, all of which are "buy and hold" for 6 years. We'll take very small amount from our LOC to simplify the math, let's say $10k. The cost of doing so is easy to calculate:
    $10,000 after 6 years at 2.95%* compounded monthly = $11,933.72, for a cost of borrowing equal to $1,933.72. Note, this assumes it will be paid off in full at the end of the 6-year period.
    So how much can we make from the stock market? An impossible question to answer, but let's create a few hypotheticals. For the sake of simplicity, I'm not including any transaction costs (which should be fairly low, since this is a fixed-term buy-and-hold situation).
    Scenario 1: 2020 is the bottom of the crash, and the market only goes up from here (modeled after the recovery following 2008):
    Year 1: +23.45%
    Year 2: +12.78%
    Year 3: 0.00%
    Year 4: +13.41%
    Year 5: +29.60%
    Year 6: +11.39
    Total value at end of year 6: $23,307.90, for a gain of $13,307.90
    $13,307.90 - cost of borrowing = net return of $11,374.18
    Scenario 2: 2021 is actually the bottom, recovery identical to 2008:
    Year 1: -38.49%
    Year 2: +23.45%
    Year 3: +12.78%
    Year 4: 0.00%
    Year 5: +13.41%
    Year 6: +29.60%
    Total value at end of year 6: $12,587.08, for a gain of $2,587.08
    $2,587.08 - cost of borrowing = net return of $653.36
    Scenario 3: 2020 is more like 1973:
    Year 1: -17.37%
    Year 2: -29.72%
    Year 3: +31.55%
    Year 4: +19.15%
    Year 5: -11.50%
    Year 6: +1.06%
    Total value at end of year 6: $8,140.98, for a loss of $1,859.02
    $1,859.02 + cost of borrowing = net LOSS of $3,792.74
    Scenario 4: 2020 is actually more like 1930 (just after the crash of 1929):
    Year 1: -28.48% 0.7152
    Year 2: -47.07% 0.5293
    Year 3: -15.15% 0.8485
    Year 4: +46.59% (woohoo! the largest gain ever recorded before or since!)
    Year 5: -5.94% 0.9406
    Year 6: +41.37% (holy cow! woohoo!)
    Total value at end of year 6: $6,261.05, for a loss of $3,738.95
    $3,738.95 + cost of borrowing = net LOSS of $5,672.67 (would've been even worse if we started in 1929)

    So, basically, there's no way to predict the outcome. Borrowing money to invest is a dangerous game to play (more properly called "speculating" than "investing"). If you were using your own money (i.e., didn't have to repay it at some point), and your strategy was to buy and hold for 30+ years, then yeah, the next few years will probably be great for investing (just like every other year). I would rather take advantage of current low interest rates by paying off as much of the LOC as I can, because this is a true investment in future wealth.
    All numbers modeled on historical S&P 500 rates https://www.macrotrends.net/2324/sp-500-historical-chart-data which do NOT in any way predict future rates. There is absolutely no way to predict the market, do not believe anyone who tells you they can. I am not an financial professional.
     
    *cost of borrowing is based on current canadian bank prime rates, which despite significant movement of the overnight rates by the Bank of Canada, has yet to move. Based on this, I think we can safely assume that 2.95% is as low as the banks are willing to go at this point. A lot of LOCs have rates that are prime -0.25%, but I just left it at the full prime rate because there is equal possibility of the rates rising alongside any market increases. In fact, it is worth considering that the cost of borrowing may increase significantly before these scenarios complete, especially in the cases with more dramatic market gains.
  11. Thanks
    dh. reacted to telome in ?   
    ?
  12. Haha
    dh. reacted to Chels1267 in Acceptance letter release date?   
    Dal's class of 2024 will be the most patient group they've ever seen
  13. Like
    dh. reacted to Chels1267 in Acceptance letter release date?   
    Watching all the people from McGill post on their decision thread...

     
  14. Sad
    dh. reacted to treasurer in Acceptance letter release date?   
    The worst part is it could be the first or last week of April  
  15. Sad
    dh. reacted to Anaik in Acceptance letter release date?   
    Happy for the update, but at this point I feel like my excitement has been siphoned away from me. There’s a lot going on because of COVID-19,  and I really can’t blame them for delaying it, but at the same time there’s just been so much pint up excitement for March and I feel like now seeing the letters in April isn’t even a certainty.
  16. Sad
    dh. reacted to andnowmywatchbegins in Acceptance letter release date?   
    Check emails! We’re delayed till April fam
  17. Like
    dh. reacted to Jessletmein in Acceptance letter release date?   
    Morning everybody  I created an actual account out of sheer desperation, I don't really have anything good to say except I'm glad I have these posts to read each day, as a non-trad applicant I don't have any friends who are going through this with me so having an online forum and hearing everyone else echo my anxieties has been nice. Really hoping admissions will take pity on us and release the letters ASAP, each day is getting more challenging especially with all my ECs cancelled, I've had way too much time to refresh my email!!!  
  18. Thanks
    dh. reacted to seatosea in Acceptance letter release date?   
    Hey everyone, hang in there, I know it’s super stressful waiting! I just wanted to weigh in as a Med 1 and let you know we’re thinking of you guys. In terms of admissions and COVID, I don’t think they’ll be super affected either. Admissions is separate from UGME - the people that figure out our curriculum - so letters likely won’t be delayed because it’s not undergraduate admissions that is going to scrambling to figure out what to do with current students in light of COVID 19. That said, every year it just depends when they’re ready so that could be tomorrow or the very end of March! The wait is painful so take care of yourselves <3 (and wash your hands, avoid public areas, etc!) 
  19. Thanks
    dh. reacted to andnowmywatchbegins in Acceptance letter release date?   
    They said the same last year but they came out Mar 14th. I think it is to deter people from pestering them with calls as well as give them some leeway in case they need a few extra days. I’m expecting next week but wouldn’t be surprised if it were the last week of March....can’t say I’m not getting antsy tho
  20. Thanks
    dh. reacted to med1day in Acceptance letter release date?   
    Admissions over the phone said: near the end of March.
  21. Thanks
    dh. reacted to ACHQ in GIM FAQ thread   
    Hello all,
    I'm starting this thread for those interested in asking questions about GIM (or even Internal medicine in general... see what I did there )
    Who am I? PGY-4 Internal Medicine resident, in the "4-year" GIM program. I will be finishing June 30 2020. Come July, I have a job lined up at a large community hospital in the GTA.
    Ask away!
  22. Like
    dh. reacted to sunny_sideup in Acceptance letter release date?   
    Definitely agree with this! I'm in Med 1 and I would say that acceptances will likely come out near the end of our March Break. I just wanted to say good luck to everyone as the date approaches! It's tempting to spend your time over analyzing your interview and what your score might look like but as squeekz said it can bring on a lot of extra stress. I remember the anxiety I was feeling like it was yesterday and what helped the most was just reminding myself there is nothing I can do to make the letters come faster. You have made it this far and that email will come soon enough :D 
  23. Like
    dh. reacted to Anaik in Post mmi feelings   
    The truth is no matter if you think you nailed it on some stations or did very poorly on some stations it doesn’t matter. The way we judge ourselves versus how others judge ourselves is totally different. Interviewers are all different people who will inevitably judge you different than you will judge yourself. While I think some self reflection is good, thinking about things further won’t change what they put on the sheet. Make a list of what you need to improve on if things don’t workout, and worry about tackling it if the time comes again! Fold that list up, put it at the bottom of your closet and don’t check it until results come out. Doing the whole “could of, should of, would of” in your head will in no way help, and will only stress you out further. Plus who the f*%k walks out of an MMI and thinks “haha, nailed it”??
     
    I’ll be honest here, I think the majority of people applying to medicine are much harder on themselves than your average human. Feeling like you’re in a race with everyone else applying, how can you not? It’s so easy to compare yourself to others and feel like you should be doing better. Keep that in mind if you’re feeling upset about your answers, what might’ve been poor in your self-critical eyes may have been excellent in the eyes of your interviewer. The amount of friends I’ve had that walk out of there and begin convincing themselves they bombed it only to get accepted is absurd. Now whether it’s a normal part of the process or I’m naturally drawn to neurotic people is a different questions haha! 
     
    Now for things you should do:
    -be proud of yourself! Getting an interview and getting through it is no easy feat. It means you are worthy of being there, and even if you didn’t get an acceptance just going through the process once is huge.
    -Relax! You don’t have to study for an mcat, prep for Casper or an interview. You literally have time to pursue hobbies, be social or binge watch the office. Whatever works for you. 
    -Focus on other aspects of your application you can control! If you’re still in school, focus on keeping a good GPA. Or look into other activities you’re interested in pursuing. 

    -Reward yourself! Again, you made it to and through and MMI. Go celebrate with friends, go on that trip you’ve been wanting to, get that new guitar, buy a box of lindor chocolates and watch Christmas movies, etc. Whatever is feasible for you! 
     
    Go easy on yourself, it’ll all workout in the end  
  24. Like
    dh. reacted to andnowmywatchbegins in 2019 Interview Invites   
    Wishing everyone the best this weekend! I hope we all meet next fall!
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