They say that millionaires have 7 streams of income. And most of them are boring. Common examples of income-generating assets include your classics like real estate (rental income, depreciation benefits, equity appreciation) and dividend stocks (dividend income is taxed favorably), which I love. But every so often, there’s one in there that sounds as exciting as going to Vegas and ...

When I started investing in the last 90s/early 2000s there were no investment apps to take advantage of. I had a Vanguard account, paid gobs of money for trades, and basically kept all my money in various mutual funds. Back then, you didn’t have much of a choice. Trading commissions were expensive and Vanguard let me buy and sell mutual ...

We get questions all the time on what is the best investment portfolio management software. Just the other day, someone read my post about how we track our net worth and asked me a really simple question – how do I track our stock investments? The short answer is… well, I don’t. I check my investments once a month when ...

Many years ago, companies that promised free stock trades were living on borrowed time. High volume traders plus no commissions meant bankruptcy for the likes of Zecco (eventually acquired by TradeKing, which was itself acquired by Ally Bank). But Robinhood has shown us that a brokerage offering free trades can work. So much so that they’ve been joined by most ...

I have a friend who enjoys horse racing. Well, to be precise, I have a friend who enjoys betting on horse races. When we go to Las Vegas, we like to spend an afternoon at a sportsbook. We pool our money and he picks a few races. On any typical trip, we sit down with $100 and leave with $90 ...

Are you looking to open a new brokerage account to manage your portfolio of investments but aren’t sure which one? Many online investment platforms compete for business by offering new account promotions based on the assets you can transfer to their platform. While promotions shouldn’t be the only consideration, these promotion/bonus amounts are too hard to look past. There are ...

[Editor’s Note: Today is the final day to Register for WCICON21 and receive the FREE swag bag ($100 value) that will be mailed to your door! This year’s conference kit includes books from speakers, swag from sponsors, and the first-ever WCI t-shirt (trust me, you’ll love this t-shirt). With speakers like Christine Benz, Allan Roth, and Mike Piper you won’t ...

We are receiving an increasing number of complaints about the White Coat Investors Facebook group being “full of people” who promote bad investing ideas that run counter to everything we write on the blog, say on the podcast, or teach in our courses. It is getting to the point where the posts are not just distracting to those looking for ...

[Editor’s Note: Register for WCICON21 before Monday, Jan. 11 to receive the FREE swag bag ($100 value) mailed to your door! Our conference kit has always been top-notch (and heavy!) but this year, in addition to receiving books from speakers and sponsor swag, you’ll get the first-ever WCI t-shirt! Join us on March 4-6 for all of the excitement of ...

Physician disability is a complicated type of insurance. This post will give you the “must-know” information to secure the best protection for you and your family. To start, I’ve partnered with Pattern in providing this crash course video. Top 10 Physician Disability Insurance Questions These are the most common questions I get from readers and listeners about physician disability insurance: ...

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