Investing
Quote of the Day "It’s the media’s job to entertain, creating as much noise as possible. As an investor, it is your job to ignore this noise and stick with your long-term portfolio and plan." (Charlie Bilello) Chart of the Day…
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the degradation of anomalies. Quote of the Day "We require hedge funds to register with the SEC, spend $50-500k…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
By Dr. Jim Dahle, WCI Founder In personal finance (and in the rest of life), there are no “dumb questions,” and I will try to cheerfully answer every question I'm given. I have certainly asked lots of questions that, in retrospect,…
Quote of the Day "Booms are actually good in that they perform a task for us: they are the phenomenon by which we build alot, deploy alot, and get alot done in a short period of time. Mistakes will be made."…
Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at how to demonstrate the value of financial planning to prospects. Quote of the Day "The most successful financial advisors…
Sin—actions deemed morally wrong or harmful—can be difficult to resist, especially when money is involved. A hefty paycheck or a prestigious title can make it easier to overlook the potential harm our work may cause society. Moreover, unless you’re working for free,…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
By Dr. Keith Roxo, Guest Writer I have been in the Navy for over 30 years now. About half of my career has been as a combat-rated Naval Aviator, and the other half has been as both a pilot and a…
Quote of the Day "The arc of markets bends toward price transparency." (Ted Merz) Chart of the Day Don’t be surprised if more companies jump on the Bitcoin reserve train. (chart via YCharts) (sherwood.news) Markets Strategy ETFs AI Notre Dame Budgeting…
Thanks for checking in with us this weekend. Here are the most clicked on items on Abnormal Returns for the week ended Saturday, December 7, 2024. You can also check out last week’s edition. The description reads as it does in…
By Josh Katzowitz, WCI Content Director Just a few weeks after this column is published, 2024 will be only a memory. We’re completely ignorant of what will occur in 2025 in the same way that the crystal ball predictions we made…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day "Self-love isn’t the presence of narcissism,…
By Dr. Joshua J. White, Guest Writer Well-known financial author Dave Ramsey suggested seven baby steps to help people reach financial freedom. Baby steps are important when you are just getting started. Small steps should reinforce confidence in your ability to…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
Quote of the Day "Nobody really needs these shiny trading objects. You want more juice in your life? Take up gambling. At least the returns will be more predictable." (Dave Nadig) Chart of the Day Build-a-Bear ($BBW) is having a moment.…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at why podcasting is an increasingly tough business. Listening Business Venture Private equity Markets Behavior
I recently had dinner with Steve Chen, founder of Boldin, in San Francisco, and I’m excited to deepen my partnership with his company. Since first writing about Boldin (formerly NewRetirement) in 2021, I’ve seen how much the platform has evolved and…
By Dr. Jim Dahle, WCI Founder The cleverly named and marketed BOXX (Alpha Architect 1-3 Month Box ETF) is a rapidly growing ETF introduced in early 2024 by Alpha Architect. For a fee of (currently) 0.19%, it provides a convenient package…
Quote of the Day "The notion that anyone can ‘make it’ if they’re passionate and ‘grind enough’ ignores a more brutal truth." (Adam Singer) Chart of the Day Bitcoin for the first time has topped $100,000. (chart via StockCharts) (cointelegraph.com) Strategy…
Thursdays are all about longform links on Abnormal Returns. Wherever possible, free links for premium sites are used. You can check out last week’s linkfest including a look at Lake Tahoe’s growing bear problem. Quote of the Day "I don’t see…
Transcription – WCI – 396 INTRODUCTIONThis is the White Coat Investor podcast where we help those who wear the white coat get a fair shake on Wall Street. We've been helping doctors and other high-income professionals stop doing dumb things with…
Quote of the Day "Once we stop thinking about memecoins as if they’re securities and treat them like any other gambling market, the parasitical attention cycle should be broken." (Bryce Elder) Chart of the Day The U.S. is dominating the global…
Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what constitutes a good financial goal. Quote of the Day "Before buying a house, it makes sense to spend a…
There’s a lot of enthusiasm for Roth IRA conversions and Mega Backdoor Roth IRAs—and for good reason. Paying taxes upfront on your retirement accounts can be a savvy move, especially if you’re in a mid-to-lower federal income tax bracket, as it…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
[Editor's Note: Three months from now, the WCI community will gather in the Texas hill country for the Physician Wellness and Financial Literacy Conference (WCICON25) (February 26-March 1), and we want you to be there! Here’s what to know: you’ll kick-start…
Quote of the Day “I think it’s a tragedy that garbage is free and news is behind paywalls. I don’t want to make that worse.” (Nilay Patel) Chart of the Day Bowlero ($BOWL) is rebranding as Lucky Strike. (chart via YCharts)…
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a new look at the ‘factor zoo.’ Quote of the Day "Non-traded vehicles always seem to offer investors everything they want and…
Down with “learnings”!I’m not a fan of pedantic expressions like “learnings,” so I was thrilled to read “An insightful alternative to the dreadful jargon ‘learnings’ ” by Josh Bernoff. Bernoff says, “…a large proportion of your audience, when reading about ‘learnings,’ will…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
By T.J. Porter, WCI Contributor The average physician earned about $363,000 in 2023. That’s enough to land a single filer in the second-highest income tax bracket at 35%, and it pushes someone who is Married Filing Jointly near the top of…
Quote of the Day "Fedex was faster mail. It allowed them to grow and profit. Email, on the other hand, completely changed communication." (Seth Godin) Chart of the Day (sherwood.news) Markets Crypto Private credit Finance Boom! Economy Earlier on Abnormal Returns…
Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at how to foster an ownership mentality. Quote of the Day "We tend to fall in love with our financial…
Note: you can find the first part of this discussion of Social Security Survivor Benefits at the link. Part 1 covered the basics of Survivor Benefits, and this article covers other considerations with the Survivor Benefit, including non-spouse survivor’s benefits and…
In a previous article we reviewed the very confusing Social Security Spousal Benefit. That article raised a lot of questions from readers about another confusing provision of the Social Security system: the Survivor Benefit. As with all of these discussions, don’t…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
The 2025 Wall Street S&P 500 forecasts are rolling in, and so far, the outlook is all bullish. I haven't found a single bearish forecast, which is somewhat worrisome. Most firms project the S&P 500 will close 2025 around 6,500—a solid…
[Editor's Note: Get an early start on your 2025 New Year’s resolution to continue building your financial education. Today, December, 2 is the last day to save 20% on all WCI courses and books by using code SAVE20 for everything in…
Quote of the Day "Live in a skeptical world when there is money involved." (Mark Rzepczynski) Chart of the Day The yield on Chinese government bonds is now below Japan’s. (on.ft.com) Markets Companies AI Finance Budgeting Health care Policy Economy Earlier…
By Dr. Jim Dahle, WCI Founder For years, I've had several requests to do posts on budgeting. I can't think of a more boring subject to cover, so let's see if I can offer something unique on the subject. I once…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day "My goal as a parent is…
By Dr. Charles Patterson, WCI Columnist Most of us parents want what is best for our children, even when obligations to our patients and careers supersede the ideal participation in their lives. This reality is highlighted for children of military members…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
Quote of the Day "The problem is no one is immune to the siren song of FOMO. Even the most brilliant people in the world can be blinded by money emotions." (Ben Carlson) Chart of the Day Gasoline prices are back…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at the surprising way Gen Z consumes podcast. Listening VC Finance Markets History Behavior Enterainment
I firmly believe that above-average wealth is largely a result of luck. If we fail to recognize our lucky financial breaks, we risk confusing our abilities with good economic times. This overconfidence can lead to poor decisions and increase the likelihood…
By Dr. Jim Dahle, WCI Founder Healthcare workers have been our nation's heroes since the COVID pandemic started in March 2020. Many physicians had never been in this situation before. Those of us who have been military docs already know this…
Thursdays are all about longform links on Abnormal Returns. Wherever possible, free links for premium sites are used. You can check out last week’s linkfest including a look at the history of olive oil. Quote of the Day "Failing to recognize…
× Please contact your Firm's Group AdminIAR CE is only available if your organization contracts with Kitces.com for the credit. Please contact your firm's group administrator to enable this feature. If you do not know who your group administrator is you…
Sponsored Content: This article is made possible through the generous support of AllTopCash.com for charitable/humanitarian reasons.28156
Dear Donors,
We hope this message finds you in good health and high spirits. Today, we reach out to you with a heartfelt appeal for your support in sustaining our health practice. With over 30 years of dedicated experience, our practitioner—a seasoned researcher, teacher, and healer—has committed his life to serving individuals who have experienced the unimaginable.
His journey began by offering care to people returning from conflict zones, wars, natural and man-made disasters, and those who have been victims of torture. Through his expertise, he has been able to alleviate the physical and emotional burdens that these individuals carry.
For the past 30 years, our practitioner has specialized in the treatment of psychotrauma and Post-Traumatic Stress Disorder (PTSD), understanding the profound impact they have on health and life, not only for the individuals directly affected but also for their loved ones. Additionally, he has dedicated himself to providing long-term support for those battling physical and mental injuries, cancerous pathologies, genetic diseases, and other challenging conditions.
Through his unwavering commitment, he has helped and cared for several thousand people who were in desperate need, enabling them to not only survive but thrive. For those who lacked financial means, he has always offered care free of charge, allowing them to receive the support they needed, regardless of their circumstances. Those who could afford it were encouraged to contribute what they could, fostering a sense of community and shared responsibility.
The impact of our practitioner’s work cannot be overstated. Lives have been saved, hope has been restored, and the journey towards healing has been made possible for countless individuals. However, we find ourselves at a critical juncture where we urgently need your help and support to ensure the continuity of our services.
By making a donation to our health practice, you will directly contribute to the well-being and transformation of lives. Your generosity will empower us to continue providing essential care, support, and treatment to those who are most vulnerable. Your contribution will help us acquire the necessary resources, develop innovative therapies, and expand our reach to make a lasting impact on the lives of individuals and communities in need.
Join us in making a difference today. Your support will not only sustain our practice but also enable us to extend our services to those who might otherwise go without the care they desperately require. Together, we can create a brighter, healthier future for all.
To make a donation, please visit our donation page. Every contribution, no matter the size, makes a significant difference in the lives of those we serve.
Thank you for considering our appeal and for your compassion in supporting our health practice. Together, we can continue to save lives and inspire hope.
With deepest gratitude,
Yan A. Reichlen de Meldegg
Practitioner in Neuropsychology
The process is secure