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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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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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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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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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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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High Risk Investing

Plastic surgeon D.J. Vetter discusses the role of high risk investments in a portfolio. Outsize returns are possible, but at the cost of additional risk and lack of diversification.

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How To Punch Out of Medicine in 10 Years

Nobody is ever really more than 10 years away from escaping from medicine. But if you want to do that, there will be a few sacrifices that must be made.

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Huntington Bank Physician Mortgage Program – An Interview with Sandi Frith

Sandi Frith is in her third decade arranging mortgages for doctors. In this post, she discusses her career and Huntington Bank's Physician Mortgage products.

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Get an Alpine Start!

Mountaineers start their big days long before dawn. Smart docs start their financial lives long before attendinghood.

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Dealing With Company Stock in Your 401(k)

This Net Unrealized Appreciation strategy is a way to save tax dollars on the shares of your company stock inside your 401(k). It may be a great idea for you, but run the numbers first.

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How To Evaluate Your Own Whole Life Policy

Almost every doctor has been approached by a whole life insurance salesmen. Many of us have mistaken them for an impartial financial advisor and bought what they were selling, only to realize what happened years later. Then what?

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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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