One of the funnest parts of running The White Coat Investor is the opportunity to peer into the nitty-gritty details of the financial lives of other doctors. It's a little bit like practicing emergency medicine that way—a bit voyeuristic but often entertaining and always interesting. One of the things...
Harry Dent is at it again, predicting the worst year for the stock market in our lifetime in an interview with ThinkAdvisor. Sure, why not. The great thing about the Internet is we have the ability to look at the track record of the person making outlandish claims to see...
By WCI Columnist, Dr. Joy Eberhardt De Master, Pediatrician What is your luxury item? Mine is children. We all have a luxury. You know, that thing we keep sinking money into “just because” with no clear prospect of returns, be it coffee, clothes, cars, or…kids. My chosen luxury is my...
Coming into the onset of the pandemic in early-2020, mortgage rates were under 3.5% after flirting with 5% in late-2018: And although rates fluctuated in the 2010s, the 30 year fixed rate mortgage averaged just over 4% for the decade and spent around half that time under 4%. This 4%...
The point of residency is to learn how to be a good doctor. It's not to try to get rich. But for new residents, there are a few financial chores you need to take care of during residency. Don't drop the ball on these. Get in the habit...
This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. When to rebalance your portfolio Inflation vs. bond yields People are worried about inflation Is inflation good for wealth inequality? Used car prices are bananas right now Lumber...
By James M Dahle, MD, Emergency Physician, WCI Founder Q. I want to eventually retire with a healthy nest egg for me and my family. My accountant says I should invest in the stock market, but that sounds risky. Isn’t Wall Street just a giant casino? A. Given all of...
In a podcast post-mortem about hosting the Oscars last week, Jimmy Kimmel told Bill Simmons that Martin Short is the greatest dinner guest of all-time along with being a member of the Mount Rushmore of great talk show guests. Then The New Yorker ran a story this week asking Is Martin Short...
Guest Post By Matt Elliott, CFP®, CSLP® of Pulse Financial Planning Changes to the 2021 tax code have made planning for your child and dependent care tax benefits even more crucial than in previous years. By coordinating your Dependent Care Flex Savings Account (DCFSA) and Child and Dependent Care...
<!-- --> Posted July 19, 2021 by Ben Carlson Today’s Talk Your Book is presented by New Age Alpha: Michael and I spoke with New Age Alpha CIO Julian Koski about investing in the human factor and how to set probabilities on stocks. Why it’s...