Stanley and Danko, in their classic The Millionaire Next Door, discussed a rule of thumb to determine if you were an average accumulator of wealth, an under-accumulator of wealth, or a prodigious accu...
[FOUNDER'S NOTE: Reading Bill Bernstein's 4 Pillars of Investing changed my financial life. I've since followed his writings and career and even met him at a Bogleheads Convention. He agreed to write...
The best way to manage individual stock (or bond) risk is to have a diversified portfolio. Here are the five biggest errors I see in portfolios with respect to diversification and how to solve them.
How much money will you need to retire? Here are 9 reasons it may be a lot less money than you think.
Remember when you were a second year medical student studying for the USMLE? There was a company out there that made a series of books entitled "High Yield _____________". There was High-yield Embry...
This is another in my series of reviews on popular fixed asset allocation portfolios. Bill Schultheis is well known to many of you as the author of The Coffee House Investor, perhaps the most readable...
By Dr. Jim Dahle, WCI Founder Each investor ought to develop his own fixed asset allocation and stick with it, rebalancing to maintain appropriate risk levels. It is valuable to see different portfoli...
I've said "Stay the course" a thousand times, and I meant it every time. It doesn't matter if stocks are up or down, stay the course!
Gold! Gold! Gold! It seems you can't look anywhere these days without someone talking about gold and how you should melt down your jewelry and sell it or buy some to protect your portfolio. Many w...
By Dr. James M. Dahle, WCI Founder I met Allan Roth at a Bogleheads meeting a couple of years ago. He had a spare copy of his book How a Second Grader Beats Wall Street with him and gave it to me. All...
Are financial advisors worth the cost? Typical advisory fees can literally cost you millions of dollars over a lifetime. Turn the tables and learn to DIY.
Ensure you get the best advice at the fairest price by asking these questions to any financial advisor you're considering hiring.
By the time you know enough to choose a good financial adviser, you probably know enough to do all of this yourself. This post contains the financial advisor's unfiltered thoughts on their doctor clients, in their own words.