Q&A On My Portfolio
This is a continuation of the last post, where I discussed my personal asset allocation, and answers some frequently asked questions about it. Why 75% stock? Benjamin Graham, in The Intelligent Inves...
This is a continuation of the last post, where I discussed my personal asset allocation, and answers some frequently asked questions about it. Why 75% stock? Benjamin Graham, in The Intelligent Inves...
I've had a number of requests to discuss my own asset allocation, as if there is something magical about it. A true internet sleuth would have found it already, as it has been posted before, but it w...
I swung by the library the other day and saw a book that looked interesting, so I brought it home. Secrets of the Millionaire Mind, Is a book by a fellow called T. Harv Eker. It is a type of book tha...
I recently received a request from a reader that I write a bit about municipal bonds. I'm not a huge fan of municipal bonds for several reasons I'll list out below, but first, a brief description for...
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
By Dr. James M. Dahle, WCI Founder This is part of an ongoing series evaluating the merits of popular static asset allocation portfolios. I had heard vaguely of this portfolio, and then had it recomme...
An explanation of a MEC, and 7 warnings about why you probably don't want one and how to avoid getting one unexpectedly.
A Qualified Personal Residence Trust (QPRT) is an estate-planning tool. It's purpose is to reduce your assets below the estate tax limit, currently $5 Million for single individuals and $10 Million f...
I've learned a few things recently as a result of becoming an unintentional landlord. After trying to sell my previous home for well over a year without success, I turned it into a rental property. ...
I think I live in the scam capital of the world. It seems not a month goes by that some local pyramid scheme isn't uncovered. There are even billboards on the freeway teaching residents how to avoid...
Enroll in WCI Financial Boot Camp, a FREE 12-week email course to improve your financial life.
You can unsubscribe anytime using the link at the bottom of any email.
Like many of you, I do an assessment of my personal finances at the end of each year and see how I did. I check my savings rate, calculate my rate of return on my investments, and set goals for the co...
Early retirement sounds great, until you realize what you have to give up to get it. Sometimes the best choice is to simply work a little longer.
Peer-to-peer lending as an investment is new, and there isn't much data out there. To make things worse, the companies occasionally tweak their methods for rating loans, their methods to decide who th...
Jeremy Grantham's firm GMO makes a monthly "7-year Forecast" which has been reasonably accurate over the years. It is primarily valuation based. For example, here's the most recent one: These are esti...
There was a time in the not too distant past when dad went to work to bring home the bacon, and mom stayed home, raising kids, running a household, and involving herself with the schools and community...
After much thought, our portfolio is changing this year from one reasonable portfolio to another. We'll see how it goes. Update in a decade.
Here are 8 steps to automate your financial life and help you reach your goals of financial freedom.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.
The Roth IRA is a great start for building your nest egg. There's no better vehicle for investing, tax reduction, asset protection, and estate planning.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
People often tell you that you'll be super happy once you're financially independent. They might not know what they're talking about.
New residents have a big desire to buy a house. But it's a gamble of your time and money at a period of life when you have little of either.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
In broad strokes, asset protection includes tax saving, estate planning, and even investment strategies, and it will help preserve your nest egg in case of a malpractice suit. See Posts
Estate planning is the process to ensure that your assets go where you want after your death, that your desires are carried out after you can no longer make decisions, and that the estate taxes you pay to the government are minimal. See Posts
Whether it's life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life's biggest costs don't substantially hurt their nest egg. See Posts
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it's key to know which approach to take and why you're picking that option. See Posts
Beginning your financial journey and learning about personal finance can seem awfully overwhelming. But instead of trying to solve the entire puzzle at once, it'll be easier (for your mind and for your psyche) to break it down into sections that are more easily digestible. See Posts
Ownership matters, whether it's owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs. See Posts
A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what's the best way to get there, and once you arrive, how do you begin to live and fund your new life? See Posts
While it's entirely possible to finish an undergraduate education debt-free, it's become less likely that physicians and other high-income professionals can do the same. That's why it's so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them. See Posts
Recent studies show that more than 50% of physicians have experienced burnout, marking a notable increase in the past decade. This trend is alarming and shows why the intersection of burnout and how high earners can keep themselves healthy has never been more pertinent. See Posts