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The White Coat Investor

Welcome New Readers!

Welcome to The White Coat Investor website! We have a lot of fun here while we help each other to avoid doing dumb things with our money. All the information on the site is 100% free to you. There is a ton of information here, and I understand it can be overwhelming to the first timer, so I suggest you start here with this page. Thanks for stopping by and good luck with your finances and your practice!

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WCI Classics

CLASSIC X Factor Classic

The X Factor

Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which in turn breed wealth.

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One More Step

12 Questions to Ask Before Purchasing Whole Life Insurance

Should you buy whole life insurance? The short answer is, "Probably not." This is a product designed to be sold, not bought, where 80% of its purchasers eventually regret their decision. Are you one of the exceptions? Read this post to find out.

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Hippies

Backdoor Roth IRA Tutorial

I'm still getting frequent questions on how to do a Backdoor Roth IRA. So I thought I'd put together a basic, step by step, tutorial people can refer to when they do this. Most physicians should be using a personal and spousal Backdoor Roth IRA. That means contributing to a non-deductible traditional IRA, then converting it to a Roth IRA. Beware the pro-rata rule, however.

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Ten Commandments

The 10 Commandments of The White Coat Investor

Still trying to figure out exactly what The White Coat Investor is saying you should do with your money? This post gives you the directions you need to be financially successful in a simple 10 point list.

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Teton Family

Student Loans vs Investing

One of the most common questions and debates among blog readers is what to do with excess income- pay down debt or invest. There are a lot of considerations that go into this question, and there isn't necessarily a right answer for any given person at any given time. Read these guidelines to help you make your decision.

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Tubing

150 Portfolios Better Than Yours

As investors move from their investment childhood through the teenage years, many of them seem to almost become fixated on designing the perfect portfolio. They've learned the importance of buy and hold, the importance of keeping costs low, and the importance of using passive investments over active ones. But investing is far more about sticking with a good enough portfolio than continually searching for the perfect one. Chances are, these 150 portfolios are all better than yours. Pick one and stick with it.

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Latest Posts

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Implementation of My Asset Allocation- An Update

Coming up with an asset allocation is hard enough. Figuring out how to achieve it with 6 different investing accounts is even tougher. In this post I review our current plan.

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In Defense of Bonds

Low interest rates and booming stock markets have caused many to think that bonds have no place in a portfolio. They're probably mistaken.

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Exploiting the Inefficiencies of Leveraged ETFs

If leveraged ETFs are such a dumb product to buy, why not sell them? Dr. Cawyer, an investment advisor, recommends a strategy to do just that.

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Uncle_sam_no

A Visit With a Tax Strategist

Tax strategists do more than prepare returns. They help you to change your financial life in ways that lower your tax burden. Here's what happened when I met with one.

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earnest250

6 Steps to Refinancing Your Medical Student Loans with Earnest

Many WCI readers have refinanced through Earnest, saving tens of thousands of dollars in interest. The process is easy, so get started today.

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The White Coat Investor

The Great Book Giveaway Part Three

Want a free financial book? Sign up for the forum and enter the drawing as WCI cleans off his shelf!

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Buy Our Book!

The White Coat Investor: A Doctor's Guide To Personal Finance And Investing not only summarizes the most important information on the blog, but also contains material not found on the site at all.
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