Investing Archives - Page 2 of 6 - Physician on FIRE

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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 to do so below. As always, this post originally appeared on The White Coat Investor. Four Ways to Boost […]

Retire Early with Real Estate & Real Estate Start School

Today, I’m excited to share with you two great resources from one sharp guy who attained early financial independence via real estate investing. Chad “Coach” Carson is a family man in his late thirties who has figured out what matters most in his life. It’s not having the most “doors” in his real estate profile or continually trading up to bigger and better properties with an insatiable appetite. Given his experience and business acumen, I imagine Chad could scale up to owning hundreds of properties if that’s what he wanted. Instead, he’s found a comfortable spot where his properties (currently […]

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 in preparation for building a home on the lake, so I haven’t invested nearly as much as I normally do, […]

Adulting & Investing: How To Become An Adult Investor

Adulting

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. Others don’t cut the tether until they’re well into their twenties. But most of us get there in some way, […]

How I Convinced My Wife to “Budget Party” With Me

budget party

I was listening to a ChooseFI podcast with Andy Hill, a young family man I met at FinCon17 who happens to have his own site and podcast titled Marriage Kids and Money. Andy was articulate (he’d better be — he is a podcaster, after all) and he also had a great grasp of family finances. In the conversation, he mentioned the concept of a “budget party” that he and his wife had made a regular habit. I had heard of the monthly budget meeting before. My wife and I have never held a monthly budget meeting because it sounds so […]

Your Money or Your Life? Both, Please.

YMOYL Review

The 1992 book Your Money or Your Life by Vicki Robin and Joe Dominguez (a.k.a. YMOYL) is considered by many in the financial independence space to be one of the most influential bodies of work in this realm. Joe at Retire by 40 reviewed the book back in 2011. Mr. Money Mustache wrote about the book in 2012. More recently in 2016, Coach Carson shared his thoughts on the pivotal paperback. I knew it was a book I would likely enjoy reading, but I wasn’t all that interested in reading a book published 20 years ago. A lot has changed […]

Is Having a Mortgage a Great Way to Force Savings?

mortgage forced savings

Today, Passive Income MD looks at a mortgage and how it forces one to “save money” by paying down the principal on real property, building equity. Is that one of the key advantages to holding a mortgage? PIMD will go into detail below, but when I hear the term “forced savings,” I am reminded of one of the arguments in favor of cash value life insurance, often purported by those who profit from selling such policies. A mortgage, of course, is very different from an insurance policy, and is actually a good and necessary product for many people. I no […]

Track Your Financial Goals with Four Key Measurements

Today’s Saturday Selection from The White Coat Investor gives you four key benchmarks to track while working to achieve your financial goals. Whether you’re trying to get out debt, save up for a big purchase like a trip, house, or boat, or achieve financial independence, tracking these four key measurements will help you achieve those goals. We wish you success in achieving whatever goals you’ve set! As always, this article originally appeared on The White Coat Investor. Question: I am an emergency physician who recently completed residency. How can I make sure I am as successful in my finances as […]

My First Bear Market

FIrst Bear Market

Today, we have an insightful guest post from a frequent contributor here on both physicianonfire.com and on the White Coat Investor Forum. You may recognize him as Vagabond MD, a radiologist who recently appeared on the WCI Podcast. He writes about his first bear market, which occurred just after the turn of the millennium. At the time, I was a medical student and was minimally invested in an IRA and not paying a whole lot of attention, and certainly not adding to my investments. I was only adding to my student loan balances. However, I did finish my training in […]

The Ten Commandments of the White Coat Investor

WCI-Banner

Do you want to reach financial independence? Of course you do. Do you want to get there in a reasonable amount of time? I’ll take it that’s a yes. Back in 2012, Dr. Jim Dahle of The White Coat Investor wrote the Ten Commandments you should be willing to follow. More recently, in late 2017, Ether to FI shared with us his report card as it relates to these directives. How did he do? Check out Ether to FI: Obeying WCI’s Ten Commandments & Net Worth Update. Today, I’m happy to bring you the original commandments, complete with explanations and […]

Investing Basics for Physicians With Little Time or Experience, Part II

In Part I, we explored the various types of common retirement and investment accounts, including workplace retirement plans, self-employed retirement plans, and the taxable brokerage account. Today, in Part II, we will explore how to choose funds to occupy those accounts, touching on fees, asset allocation, and asset location (yes, those are two different things), and we’ll touch on real estate. Entire books are written on these topics, so if you’re looking for a deeper dive into some of these topics, please see my recommended book list. This is meant to be a brief overview for the busy professional who […]

Should You Consider Your Primary Home a Part of Your Net Worth?

Home Net Worth

Today, in the Saturday Selection, Passive Income MD ponders whether or not a home is a good investment, and whether or not you should count it as a part of your net worth. Note that these are two distinct questions, and the answer may not be the same for both of them. And the answer or answers may depend on the experiences you’ve had as a homeowner. Personally, I don’t think of my primary home (or second home) as an investment in the traditional sense, but I do include any and all property as part of our net worth. However, […]

Why Joseph Should Continue in Real Estate Investing

LEGO New York

Today’s guest post is courtesy of Evan Roberts, a Baltimore real estate investor with Dependable Homebuyers. He reached out to me after reading Joseph Hogue’s guest post about failures with real estate investments. Evan had a similar experience starting out in real estate as Joseph, but he applied the lessons learned to improve his real estate investing. Evan runs a home buying company that focuses on flipping single family homes and holding low income rentals. Personally, I’ve been too busy in the past to consider any hands-on real estate investing, but have some prior experience as an accidental landlord and […]

Top 5 Ways I Make Poor Choices With Money

Drum_Lake_MI

Nobody’s perfect. I’m living, walking, occasionally limping proof of that. I try to do most things the right way, or at least what I think is the right way, but due to some combination of laziness, inexperience, or overconfidence, I often manage to goof things up. Sometimes it’s just small stuff. Like leaving the remote in the refrigerator or bumping my head on the stinkin’ monitor suspended from the ceiling in O.R. 6 that’s inexplicably 5’10” off the floor. Gets me every time. I sometimes make bigger mistakes. I went over the handlebars of my mountain bike at the pump […]

Investing Basics for Physicians With Little Time or Experience, Part I

Milo H. Larson MD

New visitors to Physician on FIRE may be excited at the prospects of financial independence and the possibility of a reasonably early retirement, but overwhelmed when presented with a lot of technical talk about specific investment accounts and strategies. This is totally understandable; we’re not taught the difference between a 401(k) and 457(b) in medical school or residency. If you’re self-employed like I once was, you may have opened a SEP-IRA (as I once did) when an individual 401(k) may have been a better idea. Even the White Coat Investor wasn’t born with knowledge of expense ratios, the difference between […]

How Leverage Can Multiply Your Returns & Create Massive Wealth

leverage

Today’s Saturday Selection from Passive Income MD demonstrates the power of leverage in boosting returns when investing in real estate. In the world of stocks and bonds, using leverage is referred to investing “on margin,” or with borrowed money, but we’ll leave that lesson for another day. The math laid out below shows how leverage can be a real boon to the investor’s return when returns are positive. When returns turn south, leverage can come back to bite you. As is usual on a Saturday, this post originally appeared on WCI Network partner site, Passive Income MD. The word leverage has […]

What I Wish I’d Known at 18: Money Advice For a Graduating Senior

money lessons graduate

Today’s post is a guest post from radiologist Dr. Matthew Morgan of The First Habit. I typically reserve guest posts for Thursdays, but given the timeliness of today’s topic, it didn’t make sense to put this one at the end of the queue. I’ve met Dr. Morgan a couple times now — he happens to live next door to Dr. Jim Dahle of The White Coat Investor, and I’m happy to hear the first of his six children is graduating and leaving the roost. I certainly hope he reads this one and that his father bookmarks it for the next five! […]

Should You Invest in a Roth or Traditional 401(k)?

When investing in retirement accounts such as a 401(k), or perhaps for you it’s a 403(b), SEP or SIMPLE IRA, or another variety, you will likely be faced with a choice. Do you invest in traditional, tax-deferred manner or make Roth contributions? Maybe both? Whatever you choose, it’s important that you invest. If you’re employed, there’s a good chance you’ll have some matching dollars invested on your behalf. Even without a match, there are wonderful tax advantages to either option, so be sure to invest as much in these accounts as you possibly can. Should You Invest in a Roth […]

Do You Feel Lucky, Punk? Determining Appropriate Portfolio Risk

Today, we’ve got a Saturday Selection from the White Coat Investor, where this article originally appeared. This is an important topic for investors, and it’s a great example of how personal finance is personal. Some people are comfortable with risk. Others are conservative by nature. Some people avoid the stock market because they don’t understand it and consider it gambling. Personally, I’ve never been afraid to take risk with my portfolio. I don’t take uncompensated or unnecessary risk, but I am willing to roll with the ups and downs of the stock market with a portfolio that is roughly 90% […]

My Rich Dad. My Poor Dad.

rich dad poor dad

PoF: Personally, I’m more of a John Bogle guy than a Robert Kiyosaki guy, but I’ve heard if you can separate the wheat from the chaff, there are some valuable lessons to be learned in his books. The most famous of his books is Rich Dad Poor Dad. He may have made one of them up, but I’m not here to debate that. I’m here to present you with a post from Passive Income MD in which he discusses his two Dads, making up neither one of them. Do you have a rich dad and a poor dad? Two rich […]

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