"The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.” Warren Buffett

In This Edition
Truth Teller- James M. Dahle, MD, FACEP
Podcast
MarketWatch
Testimonial

At his time Zan and I are somewhere in the Mediterranean feasting on something low in carbs. Unlike other cruises in my life I am determined to come back home without any weight gain.

In the past I have gained as much as 10 pounds in a one week cruise.

I would like to devote this newsletter to Jim Dahle, founder of The White Coat Investor. Here is a short bio on Jim and his commitment to helping DIY investors.

Bootcamp #6 Fixed Distributions 2025 Update

James M. Dahle, MD, FACEP is a practicing emergency physician and the founder of The White Coat Investor. After multiple run-ins with unscrupulous financial professionals early in his career, he embarked on his own self-study process to become financially literate. After seeing the benefits of financial literacy in his own life, he was inspired to start The White Coat Investor to assist his colleagues. At the time, there was nobody providing unbiased financial education to doctors at any point in their training. Now, more than a decade later, financial wellness is widely recognized as a critical life skill for all physicians and similar professionals. Dr. Dahle remains committed to the original mission of The White Coat Investor to “help those who wear the white coat get a fair shake on Wall Street.” He currently serves as the CEO, a columnist, and the host of the podcast.

Dr. Dahle is a proud father of 4 children and spends his free time adventuring around the world. If you can’t find him, he is probably hiding in the mountains or desert of his home state of Utah.

About The White Coat Investor:

The White Coat Investor is the most widely-read, physician-specific personal finance and investing website in the world. It is the premier resource for high income professionals looking for unbiased information about all things financial or simply a referral to a trusted professional providing good advice at a fair price. What started as a simple blog has grown into a multi-media company that will provide you the financial information you need in whatever format you prefer. Whether you learn best from a blog, newsletter, book, podcast, videocast, online course, social media, forum, or live conference, the White Coat Investor is here for you. Doctors and similar high income professionals provide important benefits to society. They should not be ashamed of their high income nor targeted by unscrupulous financial professionals for it. The White Coat Investor can help you to become financially literate and disciplined, which will allow you to spend your time and effort on your patients, your family, and your own wellness. We truly believe that a financially secure doctor is a better partner, parent, and practitioner.

My comments about their work:

Yes, some of their materials are aimed at those in high income professions, there is plenty to learn from their site for first time investors making their first $100 investment. The following articles are samples of the kind of articles they provide that applies to all DYI investorsManagers Don’t Beat Markets (Why Index Funds Are the Best Way to Invest in the Stock Market)

Managers Don’t Beat Markets (Why Index Funds Are the Best Way to Invest in the Stock Market)

Safe Savings Rate — What Percentage of My Income Should I Save for RetirementTaxes in Retirement, Tax-Gain Harvesting, and Avoiding Probate

Taxes in Retirement, Tax-Gain Harvesting, and Avoiding Probate

Latest Podcast- Bootcamp #7 Flexible Distributions

If a retired investor has the ability to use a flexible distribution strategy it will likely produce one of the best financial outcomes in retirement.

Before discussing flexible distributions Paul lists the reasons he believes that 99% of successful long term depends on defensive steps. After listing 18 defensive decisions he explains why flexible distributions are better than fixed distributions for those who have over said.

The presentation includes 16 distribution tables that can be found in this pdf for the presentation.

In each case Paul compares the difference in returns and risk between the fixed and flexible distribution strategies. The discussion compares returns and total distributions for two of the 9 sound investing portfolios: one using the S&P 500 and the other the U.S. 2 Fund Portfolio (50/50 S&P 500Small Cap Value).

In This Edition Truth Teller- James M. Dahle, MD, FACEPPodcastMarketWatchTestimonial

In This Edition
Truth Teller- James M. Dahle, MD, FACEP
Podcast
MarketWatch
Testimonial

Focusing on our Truth Tellers