Discuss Latest PIMD Blog Post: #113 Choose Your Real Estate Side Hustle

[The White Coat Investor]

Investing in real estate is one of the best ways to generate passive income and, ultimately, reach financial independence. In this episode, Peter will...

[The White Coat Investor]

Do you need a percentage of bonds to help balance out your portfolio? Not for me. In fact, right now, I own exactly zero bonds. Here's why.
...

[The White Coat Investor]

Start texting/calling him asking for favors. That's a relationship worth building IMHO....

[The White Coat Investor]

https://www.whitecoatinvestor.com/th...sician-series/

Currently yields 3% with no risk of loss. Times like...

[The White Coat Investor]

More info on private real estate here:

https://www.whitecoatinvestor.com/private-real-estate/
https://www.whitecoatinvestor.com/th...

[The White Coat Investor]

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading ... Read more

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[The White Coat Investor]

Performance chasing can be tempting. Those fund managers, stock pickers, and companies who seem to always outperform, always beat, and ... Read more...

[The White Coat Investor]

Doctors may purchase a home without thinking about the consequences. Here are tips to buy the right home at the right time at the right price.
...

[The White Coat Investor]

Time to work out an operating agreement. This kind of stuff happens with partnerships all the time. You just have to sit down and work it out. Compromise...

[The White Coat Investor]

That would be interesting to report it once and see what happens. I mean this is a monthly occurrence....

[The White Coat Investor]

Here's Journal Club 06-24-22! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life...

[The White Coat Investor]

Uhh....that's what an income tax does, especially a progressive income tax. So does your argument extend that far?...

[The White Coat Investor]

Similarly, I'm told the patient's acuity is too high if I've had to sedate them or they ever acted up in the ED. I mean, if the inpatient psych unit can't...

[The White Coat Investor]

I've rolled accounts into the TSP before. It's a good option. It's not quite the low cost leader it used to be though and combined with limited options...

[The White Coat Investor]

It’s amazing what you can do with a little knowledge and a spreadsheet. And for many projects, that sort of ... Read more

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[The White Coat Investor]

FOMO can be a problem for those investors who are always looking for the next big score. Here's how to think about FOMO in a different way.
...

[The White Coat Investor]

You might want to consider direct indexing. Then you can vote to your heart's content and have a mailbox full of proxy votes and semi annual statements....

[The White Coat Investor]

My thoughts here:

https://www.whitecoatinvestor.com/do...-is-for-wimps/

Basically, I never see a time to DCA....

[The White Coat Investor]

Sad situation. I'd at least give her a warning (if you keep missing appointments we're going to fire you.) Good example of why medicine is a calling....

[The White Coat Investor]

That's a little low per salary surveys.

But if you really want to make a lot of money, you might look into tech or investment banking, not...

[The White Coat Investor]

Based on # 4, not psych.

Based on # 7, not anesthesia and maybe not radiology. Both are hospital based specialties that work nights, weekends,...

[The White Coat Investor]

HIPAA is worse. Most people don't realize you don't need permission in any way, shape, form to share records between hospitals or doctors treating a ...

[The White Coat Investor]

As others have mentioned, not true. EMTALA applies to the hospital, to emergency docs, and to docs who are "officially" on call. It does not...

[The White Coat Investor]

They're not legally "on call." We have a similar thing where they're listed as "consult only", meaning they might take your call but...

[The White Coat Investor]

Are you going to vote/attend meetings for 5000 different companies? Do you want to pay Vanguard to hire folks to do so? I don't. I like it just the way...

[The White Coat Investor]

Answering reader questions on knowing when it's time to start spending your money, on asset protection for cars, and on tax-loss harvesting crypto....

[The White Coat Investor]

Do you want to go to 5000 shareholder meetings a year? Probably not. This is hardly a problem with index funds. It certainly exists with regular mutual...

[The White Coat Investor]

Insurers are willing to open negotiations to physicians who want bigger reimbursements—but be wise in how you negotiate your rates.

The...

[The White Coat Investor]

I have no idea, but I suspect it will go up above where it is now. Might even go back to where it was. I'm skeptical of BTC going to $500K or $1 million...

[The White Coat Investor]

If you can afford to retire, why are you still working? It’s a question I find myself pondering from time ... Read more

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[The White Coat Investor]

One good way to make some additional money is by taking physician surveys. And yes, you can make it a significant part of your income.

The...

[The White Coat Investor]

It's okay to add a section about leverage to your financial plan.

What I mean is when you run your numbers to hit your goals, do you need...

[The White Coat Investor]

In this episode, Peter interviews Andy Sinclair, CEO of Midloch investment partners. Midloch is a real estate private equity firm. They help investors...

[The White Coat Investor]

You don't need to invest in absolutely everything you've ever heard about. Sometimes, it's just "too hard."

The post Is It Just...

[The White Coat Investor]

That sounds like a pain. I don't do any investing weekly. But your point is correct due to the severe volatility.

Frankly, I never would...

[The White Coat Investor]

We paid off our 2.75% mortgage in 2017. Sure, we could probably have outinvested that. But we didn't need to take that risk to meet our goals and it was...

[The White Coat Investor]

I hope asset prices in UT do drop so my kids can afford to live near me but I'm pretty bullish on UT real estate long term. It was pretty dusty in the...

[The White Coat Investor]

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading ... Read more

Click here...

[The White Coat Investor]

Let’s journey back into time and look at those supposedly great financial ideas that now seem ridiculous. Maybe it can teach us something.
...

[The White Coat Investor]

Didn't say he did. It's still the right thing to do even if you're not legally required to do it....

[The White Coat Investor]

It's a speculative instrument that might be a useful store of value and/or a medium of exchange at some point in the future. And it could be a halfway...

[The White Coat Investor]

You can now buy BTC at 2017 prices. Essentially 5 years with a 0% return. The good news is it needs another 90% drop to get to 2016 prices.

[The White Coat Investor]

Financially successful doctors generally take one of three pathways to success. Which is the right fit for you to build wealth? Today’s Classic is republished...

[The White Coat Investor]

As investors looking for financial success and even financial independence, there are really only two levers we can control. One ... Read more
...

[The White Coat Investor]

Given our mortality, there is an end game in investing, and no matter how wealthy you are, you need to have a plan in retirement.

The post...

[The White Coat Investor]

I'd combine, but yea, I think you would lose some asset protection doing it. I mean, you can't lose your stuff to your spouse's malpractice lawsuit....

[The White Coat Investor]

The founder of the site is a white coat investor. I don't know that he frequents the forum, but we have had lots of interaction over the years. I agree...

[The White Coat Investor]

I'm also on the sending end at times and most of the time I would be VERY happy just to have the doc on the other end willing to accept the transfer....

[The White Coat Investor]

As long as you say, "I'm willing to accept the patient in transfer in order to consult on them" or "I will consult on the patient if you...

[The White Coat Investor]

Here's Journal Club 06-17-22! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life...

[The White Coat Investor]

Have you been looking at your portfolio’s performance lately? Has it met with what you were expecting? Do you understand ... Read more

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[The White Coat Investor]

Here are 10 of my favorite ways to save money as a busy professional. They'll require some upfront work, but it'll be worth it in the end.

...

[The White Coat Investor]

We had annual hour long classes when I was in the military when they basically told us not to rape each other....

[The White Coat Investor]

I assign it to my 5% debt real estate allocation.

1. Yes. Yes.
2. Neither
3. It's in the WCI Fidelity 401(k)....

[The White Coat Investor]

Yea, that's a heck of a contribution for a 35 year old. Doesn't mean you shouldn't still do it, but I bet it won't be as much as you think....

[The White Coat Investor]

An interview with franchise broker Jon Ostenson, where we talk about how to buy and sell a franchise, the benefits of franchising, and the possible hardships...

[The White Coat Investor]

As a physician, I’ve seen many instances where patients or fellow doctors suffered a life-altering illness or injury. In fact, I used to moonlight in...

[The White Coat Investor]

Well, you know the correlation between the stock market and publicly traded REITs is only moderate, like 0.5 or 0.6. There is good reason to believe it...

[The White Coat Investor]

I wouldn't put 100% of my stocks into just 2 or 3% of the market, no. Way too much concentration IMHO. A tilt is one thing. That's just a huge bet....

[The White Coat Investor]

If you want to tilt your portfolio toward more small cap value funds, here's what to think about and some examples to possibly try.

The post...

[The White Coat Investor]

Summertime is the perfect season for kicking back and expanding your horizons with a great book. Just because you're relaxing doesn't mean you can't be...

[The White Coat Investor]

You've only got $300K, not $3 million or $30 million. Not sure I'd go to a lot of effort to protect that. Presumably the two of you together will build...

[The White Coat Investor]

The SALT Cap has been a real bummer for those who pay high state income taxes. But a loophole has been found and passed by several states.

...

[The White Coat Investor]

In this podcast, Peter will give you a primer on Short-Term Rentals. He will discuss STR as an asset class, the benefits and tax breaks.   Over the...

[The White Coat Investor]

As a military veteran, you can transfer your GI Bill to your child for their college education. But will it be enough to pay for school?

...

[The White Coat Investor]

Bitcoin now selling for below its cost to produce per this site: https://en.macromicro.me/charts/2943...ion-total-cost

Seems...

[The White Coat Investor]

I held my whole life policy for a little while when I knew I should have dropped it and am holding my term life policy when I knew I should have dropped...

[The White Coat Investor]

This is a weird question. Who else is going to do the work that hospitalist do now?

APCs? Nope. Not capable of it.

Specialists...

[The White Coat Investor]

The issue is that most docs need to buy disability and life insurance, but almost all have their malpractice provided for them by an employer or partnership....

[The White Coat Investor]

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading ... Read more

Click here...

[The White Coat Investor]

https://www.whitecoatinvestor.com/private-real-estate/

[The White Coat Investor]

I think, if we’re honest with ourselves, most of us think we’re smarter at many things than we are in ... Read more

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[The White Coat Investor]

Don't be fooled by someone trying to tell you a TFRA or a 7702 plan is better than a traditional retirement plan. Here's what to know.

The...

[The White Coat Investor]

Here's Journal Club 06-10-22! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life...

[The White Coat Investor]

Most of us spending decades dreaming of retirement, making bucket lists of adventures, toys, and recreation as far as the ... Read more

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[The White Coat Investor]

Though most people only consider income tax when doing tax planning, it becomes much more complicated when an irrevocable trust is involved.
...

[The White Coat Investor]

Answering reader questions on if you should get a high deductible health plan, whether to buy a new home in cash, and whether you should form an LLC....

[The White Coat Investor]

Summertime is the perfect season for kicking back and expanding your horizons with a great book. Just because you're relaxing doesn't mean you can't be...

[The White Coat Investor]

All Indian religions assert nirvana to be a state of perfect quietude, freedom, highest happiness as well as the liberation ... Read more

...

[The White Coat Investor]

If you need to change your financial behavior, one idea to explore is to figure out your motivation. In other words, what is your "why"?...

[The White Coat Investor]

I'm surprised people see this as a big political topic. I don't. Did fiscal policy cause this? Absolutely. What is the institution that primarily controls...

[The White Coat Investor]

As I put together the itinerary for our much-anticipated month near the Mediterranean, I felt that I might be saving ... Read more

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[The White Coat Investor]

Have fun, be in control of your finances, and save a ton of money being a DIY investor. With the right tools and knowledge, you can do this!
...

[The White Coat Investor]

Hard to beat Amazon at distribution....

[The White Coat Investor]

Dr. Cory S. Fawcett's Book, The Doctors Guide to Starting Your Practice Right is a comprehensive guide to launching a career in medicine the right way....

[The White Coat Investor]

Every morning provides you a fresh start, and a chance to make progress towards your overall goals.  Plenty of successful people count their morning...

[The White Coat Investor]

Yes, you can invest in jewelry, coins, or exotic cars. But, based on value, taxes, and the ability to offload the product, is it worth it?

...

[The White Coat Investor]

Ahhh 2015, that was a good year. Seriously though, I'm excited to see a downward trend. Wouldn't it be great to see it back at 2 or 3% a...

[The White Coat Investor]

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading ... Read more

Click here...

[The White Coat Investor]

It's not always easy to find the time or motivation to give to those who are less fortunate. Here are some tips for how to jumpstart yourself.
...

[The White Coat Investor]

Seems like it would be easier to just buy the total market and then short gun stocks. Although I have no idea why you think that will affect anything....

[The White Coat Investor]

I guess it's all about what alternatives are available to you isn't it?...

[The White Coat Investor]

Most would call that rebalancing, not market timing. I guess you have to time your rebalance though. I suspect this transaction was so comparatively small...

[The White Coat Investor]

Exactly. Both of my cases came outside of work (both from exposure to teenagers actually). The healthcare workers I know who have gotten it in the last...

[The White Coat Investor]

Why? What's the point? I found it kind of interesting to watch in the Fall of 2008 and March of 2009. And March 2020 was kind of interesting. But I've...

[The White Coat Investor]

It's probably not JUST you, but it certainly isn't me. I look at the market once a month when I write the monthly newsletter. It would be even less frequently...

[The White Coat Investor]

It has been said often around here that real estate can be an excellent way to diversify investments, create additional ... Read more

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[The White Coat Investor]

The Trinity Study was key in determining that you can't spend 10% of your portfolio each year and expect it to last. How much can you spend?
...

[The White Coat Investor]

I think my point is that you should plan for any "behavioral modification" at this point to be for the rest of your life. If you're not willing...

[The White Coat Investor]

You think about changing your asset allocation more frequently than most other long-time do it yourself investors. You should probably stop. You don't...