Do What Buffett Says, Not What He Does
Why not just buy the same stocks Warren Buffett buys? Well, it turns out that isn't quite as smart a thing to do as it first seems. You're not Warren Buffett. Do what he recommends, rather than what he does.
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.
Why not just buy the same stocks Warren Buffett buys? Well, it turns out that isn't quite as smart a thing to do as it first seems. You're not Warren Buffett. Do what he recommends, rather than what he does.
Are you paying too much for financial advice? It isn't hard to learn to negotiate from a position of power to lower fees and stop giving money away.
Dave Ramsey continues to recommend commissioned salesmen as investment advisors and actively managed mutual funds, hurting his listeners.
I receive multiple requests a month to be somebody's financial advisor. I routinely turn those requests down for a number of reasons that I thought might make for an interesting post. I'm going to com...
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[Editor's Note: This guest post is from John Lim, MD. He sent me this email: "I'm a radiologist practicing in Newport Beach, California in a group of about 30 radiologists. I had no prior financial b...
"Coffee Is for Closers!" How closely does this (profanity warning) classic line from Glengarry Ross or scenes from The Boiler Room resemble the meetings or sales tactics of the modern financial profes...
Concerned about the effect of fees on your portfolio growth but also not willing to be a 100% Do-It-Yourselfer when it comes to investment management? A robo-advisor may be just what the doctor ordered. In this post, I review the various Roboadvisors on the market, along with their strengths and weaknesses so you can make a decision about whether this option is right for you.
I thought I would share two emails I received in a 24 hour period earlier this year. They are very similar to other emails I get multiple times a week and demonstrate very well why I believe paying co...
Once people know you're an "investing guy" you get to hear about all kinds of interesting opportunities. So when I walked into my shift recently, one of my partners handed me a book titled, "Smartest...
By Dr. James M. Dahle, WCI Founder Earlier this year, Thomas J. Anderson published a follow-up to his "NYT Bestselling" book The Value of Debt called The Value of Debt in Retirement. (Interestingly, b...
Pro – Physician Investors: Stick to Your Core Competency By Michael Fishman, MD, MBA, Guest Writer I first got involved in biotech trading by sheer luck – I was made aware of a company that had an upc...
Pro – Managed Futures Help Manage Portfolio Risk and Simplify Portfolio Composition By Jeannette Showalter, Guest Writer 2008 offered many a surprise to high net worth investors. Post-crash, they real...
When most people hear the word “mobile home” (i.e. trailer, manufactured home, etc.), vivid pictures of run-down, older trailers and rougher looking people come to mind. As depicted in the movies, man...
[Editor's Note: Konstantin Litovsky has written before about the merits of a "pooled 401(k) plan." In this post, he talks about the benefits of a customized pooled plan for your individual 401(k) (als...
Medical school may not have taught you about money, but we will.
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