The White Coat Investor espouses an investing philosophy that says you can get wealthy and/or reach financial independence by being slow, steady, and consistent with your financial plan. As WCI founder Dr. Jim Dahle has said, investing should be boring. But we also know that some investors like a little excitement in their portfolio. That’s why we occasionally write about topics like crypto, options, baseball cards, and collectibles. We acknowledge that these alternative strategies can be used by a smart investor, but we maintain they should not use more than 5% of their portfolio in these so-called “play money” investments.
In this occasional series, titled The Other 5% of Your Money, we here at WCI explore these alternative strategies. And we'd like you to contribute, as well. If you take part in alternative investments (anything from investing in futures, high-end art, short selling, sports gambling, gold, etc.) and you’re interested in writing a guest post for WCI, either submit an article through our Guest Post Policy page or email [email protected]. Show us how you can make 5% of your money work for you, even if it’s something that goes against the boring investor’s strategy.
Here's what we've written about so far in this series.
The Emotions Behind Short-Term Trading
Should Doctors Consider Angel Investing?
What I Learned Making 22 Healthcare Startup Investments as a Physician-Scientist
Here are some other alternative investment strategies we've written about in the past.
The Perils of Using Prediction Markets Like Kalshi and Polymarket — And How They Could Wreck You
Don’t Invest in ‘Too Good to Be True’ — Lessons Learned from an Alleged Ponzi Scheme
A Moderate-Income Physician’s Approach to Alternative Investments
Make sure to get in contact with us if you're interested in contributing to The Other 5% of Your Money.