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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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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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Broker Recommendations

The Perfect Financial Advisor

My mantra with financial advice is "Good advice at a fair price." There are plenty of good financial advisors out there, but they're badly outnumbered, and by the time you know how to recognize one, you may know enough that you no longer need him. This post explains what the perfect advisor looks like, but you won't find him, probably because he doesn't exist. You may, however, find one that is good enough and offering his service at a fair price.

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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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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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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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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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Latest Posts

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Preventive Health and Wealth

Joseph Chiweshe is a preventive medicine doc who is seeking to prevent financial misfortune in his own life. Read his tips for success here.

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Stupid Debts And Their Doctors

Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.

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6 Ways To Increase Your Risk Tolerance

There are times when an investor has a desire, and perhaps even a need, to take more risk than he currently has the ability to tolerate emotionally or even fiscally. Increasing his ability to tolerate investment risks can allow him to successfully take more risk.

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Tim Baker, CFP

The Pros and Cons of Roboadvisors

Roboadvisors have their pluses and minuses. Financial Advisor Tim Baker and I explain some of the minuses. But the pluses are still pretty big.

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My Children’s Inheritance

My kids will get the most valuable part of their inheritance long before I die. In fact, they'll be getting a five part inheritance, mostly in their teens and 20s.

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How To Buy A Car

Buy cars using your cash flow, not a loan. Docs can afford to lose money on cars, but reliable transportation can be much cheaper than you might think.

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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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