EquityMultiple: An Interview With CEO Charles Clinton

I’ve personally invested in a handful of crowdfunded real estate deals. I wouldn’t want to recommend investments to my readers that I wouldn’t be open to investing in, myself. One of those investments, which happens to be my first and largest to date, was with EquityMultiple. I like that they offer a variety of investment types (equity, debt, mezzanine debt), and as you’ll learn, perform extensive due diligence, passing on 90% of investments floated their way. I’m also a fan […]

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Calculating the Value of Your Backdoor Roth Contributions

I recently published a detailed article questioning the Marginal Value of the Backdoor Roth. I wanted to answer a simple question. “Is it worth doing?” The answer I came up with? Probably, yes. Unless you’ve got significant obstacles, namely a tax-deferred IRA in your name that you can’t easily roll over into an employer’s 401(k) or individual 401(k). Then, it’s not that big of a deal if you don’t. The thing is, in the first year that you do the […]

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Seven Money Matters I’m Horrible with and How I Deal with Them

Money Money Money

Today’s post comes from my WCI Network partner Passive Income MD. I think he’s pretty good with money, but he begs to differ. At least in some respects. He makes a great point in that just because we’ve seen success with money, it doesn’t mean we have all the answers or do everything right. I’ve weighed in on five money mistakes I choose to make and I’m sure there are more I have yet to discover. Dr. Peter Kim’s not perfect, […]

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Backdoor Roth IRA 2019: a Step by Step Guide with Vanguard

This year, I made my seventh pair of “Backdoor Roth” contributions with Vanguard. If you’ve heard of the Backdoor Roth IRA, that’s great! You’ve been paying attention. If not, I’ll give you a brief overview, and a number of links to additional articles with more complete descriptions of the history and important caveats. This post has been updated with fresh screenshots from my 2019 contribution and conversion, which were completed on January 3rd and 4th, 2019. I like to contribute […]

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Top 10 Financial New Year’s Resolutions to Make (and Keep) in 2019

Happy New Year! Have you made your New Year’s Resolutions yet? If you said yes, have you broken your New Year’s Resolutions yet? I usually wait until mid-to-late January to break mine, but I I’d like to give you some achievable New Year’s Resolutions that you can keep. Each of these ten items will help you improve your financial situation, and most of them are something you can do, check off the list, and move on. I’m not asking you […]

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Tax Loss Harvesting with Fidelity: A Step by Step Guide

When the stock market gives you lemons, make lemonade. In December of 2018, the markets have been delivering lemons by the truckload. We’ve seen a drop of about 7% in one week and most major indices for the US stock market are at or near bear market territory. While I don’t enjoy seeing six-figure sums disappear from my portfolio, I try to do the best I can with what I have. When I have an abundance of lots with losses, […]

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Is It Better to Invest for Cash Flow or Appreciation?

Cashflow or Appreciation

When investing, it’s important to think about your objective. It’s tough to answer the question “Where should I invest my money” without knowing what you hope to achieve. Today, Passive Income MD reviews two of the most common objectives: investing to receive ongoing cash flow and investing in assets that will increase in value. As a W-2 wage earner in the upper tax brackets, I’ve had a strong preference for the latter. Cash flow increases my tax flow, whereas unrealized […]

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The 10 Worst Places To Get Investing Advice

Paris Church

Investing advice is not difficult to come by. It’s everywhere. Sound investment advice? Now, that can be a little more difficult to come by, but if you know where to look (and The White Coat Investor shares some ideas below), it’s out there. The difficult part, particularly for those who are new to investing or have always let someone else manage their money, is differentiating the good from the bad. One criterion you may use is where the advice is […]

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Debunking the Myths of Dividend Investing

worry free beach

Regular readers know I’m not a big fan of dividend-focused investing. While I like the concept of “mailbox money” and passive income from dividend-producing stocks, I don’t like being forced to accept cash back when I don’t need it and the tax consequences that go along with those dividends. For a more complete explanation of my rationale for investing for total return and my preference for no-dividend stocks, see my previous posts on the topics: Selling Shares Beats Collecting Dividends […]

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7 Behaviors of the Wealthy (and How I Copy Them)

Briefcase Money

While there’s no surefire way to become something you’re not, one effective method is to study the people you want to be like and emulate their every move. If you want to be the next millionaire next door, read the brand new The Next Millionaire Next Door. It’s chock full of data on the behavior and habits of actual millionaires. Passive Income MD likes to differentiate between seemingly similar terms “rich” and “wealthy” much in the way that I see […]

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The Basics of Angel Investing

I like investing in index funds. They give me great diversification, market returns, and don’t cost much. It’s a lot easier to buy all the stocks with one click than it is to research individual stocks, decide which to buy, when to buy, and whether or not or when to sell. Some people prefer the latter because they find it fun. Or they want to hit a home run. And I have no problem with that. The only publicly traded […]

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Is it Time to Take Some Money Off the Table?

Angels Landing Summit

Wouldn’t it be nice to be able to lock in your “winnings,” particularly at the end of a long bull market? You know, take some money off the table? The problem is… what do you do with the money then? Hold cash? Invest in fixed income? For how long? When do you put it back on the table? If you’ve done well with a particularly risky investment, it might make sense to take the money and run. Think Bitcoin in […]

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WCI’s Fire Your Financial Advisor Course in Action: A Couple Creates Their Financial Plan

Earlier in 2018, the White Coat Investor debuted his first online course, the provocatively titled Fire Your Financial Advisor. The course may not have won him many friends in the financial services industry, but it has given him hundreds of happy course graduates who now feel empowered to create their own comprehensive financial plan and manage their own investments. I considered completing the course myself and writing a review of my own, but I know I’m not the target audience. […]

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Should You Track Your Net Worth?

Well, should you? I first calculated our household net worth a few years after residency. Although much of our net worth was in our home at the time (which in 2009 was worth a lot less than we had into it), and the investments we made starting in 2006 had tanked, we were still in the black with a low six-figure number. I remember a few years later when we joined the “two comma club,” and could officially call ourselves […]

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Ether to FI: Don’t Call it Retirement (and a Net Worth Update)

ETF Hiking Views

What will you be up to in sixteen years? I don’t pretend to know where I’ll be or what I’ll be doing, but our friend Ether to FI, who is in his second year now as an attending anesthesiologist, has some more concrete ideas. If you recall, he started writing for us a year ago and stated his goal of achieving a net worth of $3.3 Million in ten years, or enough to live on $100,000 a year with a […]

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2018 Q3 PoF Portfolio, Spending, and Blog Performance Update

With another quarter in the books, it’s time for a quarterly update on my investment portfolio, family spending, and blog stats. It’s the 11th quarter since I started this website, and I’m within 11 months of wrapping up what I believe will be my last “permanent” position in anesthesia. It was also the last quarter of part-time work before returning to full-time anesthesia for the rest of the year. With one of my colleagues departing for a military obligation, I […]

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Four Ways to Boost Investment Returns Without Additional Risk

sex in the city slot machine

In general, it can be difficult to improve your potential investment returns without taking on more risk. However, that depends a lot on your starting position. Is your portfolio situated along the efficient frontier? Are you taking uncompensated risk? Have you done all you can to minimize your investment fees and taxes? There may be steps you can take to improve your returns without putting your money at further risk, and Dr. Jim Dahle outlines four easy ways in which […]

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18 Ways to Invest $25,000

Klondike Experience

With four months and change to go in the year, there’s still plenty of time to deploy some funds and invest in your future in 2018. Today’s post, a Saturday Selection from Passive Income MD, was originally published early in the year as we were making our New Year Resolutions. Most of those were broken 7 months ago, but if investing a pile of cash was on that list, PIMD has some interesting ideas below. Personally, I’ve been hoarding cash […]

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Adulting & Investing: How To Become An Adult Investor


You’ve heard of “adulting,” right? If not, it’s essentially the verbification of a noun that represents growing up and behaving less like a dependent child and more like a responsible adult. Learning to cook your own meals? That’s adulting. Shopping for your own groceries with money you earned all by your big boy self? Also adulting. Covering your own health insurance, auto insurance, and cell phone bill? Adulting, adulting, adulting. Some people are essentially adulting before they finish high school. […]

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