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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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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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How To Be A Do-It-Yourself Investor

Do it yourself investing is a reasonable option for physicians and other high income professionals. If nothing else, you will save tons on investment management fees. Here is how to do it.

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Latest Posts

Maren Caving 238

Six Ways To Spend Less Time On Finances

Time may be money, but if you're like most readers of this site, you're likely to have a lot more of one than the other on your deathbed. Use some of your money to buy time now while you still can.

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Daste 238

Should You Drive A Nice Car? A Pro/Con

Craig Daste thinks fancy cars bought on credit are worth it. I think he's wrong. You decide for yourself.

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Captain Underpants 238

My Two Asset Location Pet Peeves

Asset location is an advanced topic that few pay attention to, and most of those that do get it wrong. Expected return matters as much as tax-efficiency and there is no Roth IRA free lunch.

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me-inc

You, Inc.

An entrepreneurial mindset can benefit anyone, even a doc who is "just an employee." Becoming the CEO of You Incorporated is a great way to realize your financial potential.

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Cory Fawcett 238

Your Insurance May Not Cover It

Cory Fawcett shares how he was burned by the fine print in his property insurance policies on two separate occasions. Read your policy carefully to avoid having the same thing happen to you.

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Only one person in this picture carries life insurance. Guess who?

Charitable Giving Part 2

Earning, saving, investing, and spending can all be a lot of fun and can be beneficial to the world, your family, and yourself. But so can giving. In part 2 of this lengthy post, WCI readers share the charitable organizations they support.

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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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