By Anonymous Pharmaceutical Physician Have you ever wondered about putting your clinical expertise to work by bringing new therapies to the market? Have you participated as an investigator in a clinical trial but wished you could have changed the trial design…
Today, we have an amazing guest on the podcast. Vicki Robin, author of “Your Money or Your Life” and “Blessing the Hands That Feed Us” and podcast host of “What Could Possibly Go Right?,” has a fascinating discussion with Dr. Dahle…
In 2022, I published 156 posts on Financial Samurai. Every post is written based on firsthand experience because money is too important to be left up to pontification. For background, I worked in finance from 1999 – 2012. Along the way,…
[Editor's note: As we say bon voyage to 2022, WCI readers can get a jumpstart on becoming financially literate in the new year. From now until January 4, you can buy a White Coat Investor course and get one for free!…
By Dr. James M. Dahle, WCI Founder President Biden signed into law an omnibus bill called the Secure Act 2.0 just before Christmas. Like most bills during the last few years, the $1.7 trillion spending package was passed mostly along party…
Pickleball is the fastest-growing sport in America. If you’re looking for an easy sport to pick up that’s loads of fun and inexpensive, pickleball is the sport for you. After playing 29 USTA league tennis matches in 2022, my shoulder, knees,…
By Dr. Peter Kim of Passive Income MD, WCI Network Partner Those of you who know me personally know that I’m a big fan of real estate investing. In fact, I think it's one of the best ways for physicians to…
By Dr. James M. Dahle, WCI Founder There are five important money activities in your life, and it takes work to do them all well. These include: Earning, Saving, Investing, Spending, and Giving. Today, we're going to be talking about giving.…
If you plan on committing a crime, it’s good to know beforehand how bail works. This way, you can wisely conduct a cost-benefit analysis to see whether you can afford to pay for your crimes. If you can’t, then it may…
By Dr. James M. Dahle, WCI Founder I receive numerous emails every year, probably at least once a month, from new attending physicians asking for help with a mistake they have made. It occurs so frequently that I have written a…
Today we answering your questions around family finances. We address questions about 529s, dependent care FSAs, what to do when you can't live like a resident, custodial roth accounts for your kids, and the importance of getting your spouse involved in…
Before making any big financial decision, always do a cost-benefit analysis. Focus on the costs more because most people are too mesmerized by the benefits. Great marketing and perennial optimism can lead to great disappointment. In the post, The Second Biggest…
By Dr. James M. Dahle, WCI Founder 2022 has certainly been an exciting year to be an investor. Note that exciting does not necessarily mean good and, in fact, often means bad. Good investing is supposed to be boring, remember? Investing…
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh, Michael, and special guest Tom Lee discuss the biggest topics in investing and finance, including: ►Consensus – “Consensus thinking isn’t necessarily…
By Dr. Rikki Racela, WCI Columnist Wouldn’t it be great if, as investors, we could increase our risk tolerance? The ability to stay 100% equities and not worry about 30, 40, or even 90% losses without blinking an eye would be…
One of my biggest fears for renters has come true. Rents are surging due to rising home prices, increasing household formation, and not enough inventory. The main question now is: How long will rent increases last? We shouldn’t feel bad for…
Photo credit: jb One of the key components that the Social Security Administration uses to calculate your Social Security retirement benefit is called the Average Indexed Monthly Earnings, or AIME (don’t you just love the acronym-loving Social Security Administration? Errr… SSA.).…
[Editor's Note: Since 2020, one of our biggest goals is to put The White Coat Investor's Guide for Student book into the hands of every single first-year medical and dental student in the country. For free. Last year, we gave away…
Taxes are our largest ongoing liability. As a result, it behooves us to optimize our taxes as much as possible. This post will discuss all the smart money-saving tax moves to make by year-end. After fake retiring in 2012, my desire to…
By Josh Katzowitz, WCI Content Director Three hundred and fifty days ago, we published the 2022 crystal ball predictions from White Coat Investor readers. I was pretty sure most of them would be wrong. Maybe somebody would get lucky, but for…
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick and Downtown Josh Brown are joined by the On The Tape podcast crew, Dan Nathan, Guy Adami, and Danny Moses to do a month-by-month 2022 market recap…
By Dr. Charles Patterson, WCI Columnist As a general rule, buying a home while serving on active duty is not a great idea. In previous writings, I’ve argued (vehemently even) that service members are better off renting. I have also, however,…
2023 housing price forecasts from various institutions range from -22% to + 5.4%. There is no consensus as to which way house prices will go. However, the bias is towards the downside. There is also the issue of forecasting the national…
By Dr. James M. Dahle, WCI Founder For years, the standard advice for professional students borrowing for their education has been to max out their federal loans before taking out any private loans. Prior to 2012, those federal loans were actually…
A few weeks back I sat down with Bank of America’s quantitative and equity strategist Savita Subramanian and fellow financial advisor Georgia Lee Hussey to talk about how investors can protect themselves and find opportunity in 2023. There’s definitely a cloud…
Our guests on The White Coat Investor podcast today are our good friends, Dr. Nisha Mehta, the founder of Physician Side Gigs, and Dr. Leif Dahleen, the founder of the Physician on FIRE. They are people who have been very successful…
One of the things I’ve learned over the years is that it’s hard to know in advance which social media platforms are going to take off and which are going to fizzle. So I’ve gotten into the habit of establishing a…
The first rule of financial independence is to not lose money. If you lose lots of money, you are ultimately losing valuable time. Losing time is the biggest financial mistake you can make because time is the most valuable asset. Now…
By Dr. Leif Dahleen of Physician on Fire, WCI Network Partner The last time I went even a week without eating red meat was 40-some years ago when I was an infant with no canine teeth and no ability to discern…
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►CPI Reaction – Two months cooler than expected, first time…
[Editor's Note: Is one of your New Year’s resolutions to learn about real estate investing? Then, take our completely free Real Estate Masterclass and begin your journey into this exciting (and potentially lucrative) asset class. The Masterclass series involves three videos…
Photo credit: diedoe The question often comes up – what types of investments are best for my IRA? Of course, any investment that you make in a tax-deferred fashion is a good one, at least in theory. But there are some…
Minimalism and early retirement go together like peanut butter and jelly. Each item compliments the other. Minimalism helps get you to early retirement sooner because you are lowering your cost structure. Early retirement makes you want to simplify life so you…
By Dr. James M. Dahle, WCI Founder It's a funny quirk of human nature that we learn more from bad experiences and examples than we do from good ones. Today, let's talk about 35 signs that you are not a very…
By Dr. James M. Dahle, WCI Founder Another year in your financial life has almost come and gone. As has become a tradition at The White Coat Investor, we're unveiling (and updating) an end-of-the-year financial checklist, so that you can take…
If you’re like me, chances are you are not part of the elite. Like 75% of college students, you may have gone to public school. For various lengths of time, you may have been underemployed or unemployed. Further, you definitely didn’t…
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Bryn Talkington, and Downtown Josh Brown sit down in front of a live audience at the Dynasty Investors Forum discuss consumer strength, energy stocks, inflation coming down,…
By Dr. James M. Dahle, WCI Founder There is an investment truism out there that says every investment will get its day in the sun. As you build a portfolio (i.e. your investments), you want to ensure your portfolio will allow…
Each Christmas season I do a webinar with my friends at YCharts where we take a look back at the most important charts of the year and discuss which of these trends will remain important going forward. It’s always a lot…
This episode is sponsored by First Republic Bank. When you own a professional service business, client satisfaction is your number one priority. So when it’s your turn to be the client, shouldn’t you get the same kind of treatment? At First…
For the first year in retirement, I murmured this phrase over and over again, “I’m bored.” After regularly working 60 hours a week and interacting with clients, I suddenly had too much time on my hands. Instead of being bored, maybe…
By Alaina Trivax, WCI Columnist During his residency, my husband, Brandon, and I fantasized about what our life would look like when he finally became an attending. We’d think about that attending paycheck—just one payday would be more than our combined…
By Dr. James M. Dahle, WCI Founder As regular readers may or may not know, my main college savings tool has been Utah's excellent 529 plan, with funds in the plan invested very aggressively (50% international and 50% small value.) There…
Next Friday, December 16th, we will be doing a live taping of The Compound and Friends at the Nasdaq Marketsite in Times Square for an intimate audience of fans and friends. And we’re bringing our pals from the On The Tape…
Photo credit – diedoe I know, long title… but I wanted to fully describe the content of this article, which is to answer the following dilemma: I have a sizable IRA and a sizable taxable account that holds appreciated stocks. I…
I’m traveling this week (Houston here I come!) so I dug this one out of the archives because it’s one of the things I believe in even more now than when I wrote it a year ago. This post came out…
Below are the newest 2023 Wall Street S&P 500 forecasts. The S&P 500 price targets range from 3,675 to 4,500. This implies returns of between -7.5% and +13% from the Dec 8, 2022 close of 3,963. The key risks to the…
[Editor's Note: Deadline alert! Today is the last day you can sign up for the Physician Wellness and Financial Literacy Conference (WCICON23) and be guaranteed to receive our famed swag bag (which includes books, a limited edition WCI shirt, and so…
By Josh Katzowitz, WCI Content Director The world of cryptocurrency has had a disastrous year. Bitcoin is down 64% YTD. Much of the NFT market has gone bust. And the digital universe was upended in the last several weeks when the…
By Steffan Weiner, Guest Writer This post is intended as an addendum to Dr. Jim Dahle’s 2018 post on How to Fill Out IRS Form 5500-EZ for those who have solo 401(k)s. As Jim stated: “The good news is you don't…