170: Rick Ferri versus Paul Merriman Part 2

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 6 August 2020

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is part 2 of the lively debate between Rick Ferri and Paul Merriman where we continue the discussion on the pros and cons of factor investing. See part 1 here https://www.whitecoatinvestor.com/rick-ferri-versus-paul-merriman-on-factor-investing-podcast-169/ They both are just a wealth of information and experience, plus their humility makes it all the more impressive in how much you can learn from them. It is fun to have a little bit of back and forth between them as they talk to each other about how they really feel about tilting your portfolio. We also delve into the 40 pages of questions that you sent into ask these men, talking about investing in gold, what to do about low bond returns, preferred stocks, and what they would do differently in their investing career if they could go back and do it again.

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Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here's your host, Dr. Jim Dolly.
0:18.0	This is White Code Investor Podcast No. 170, Rick Ferry vs. Paul Mariman, Part 2.
0:23.0	COVID has sent your finances into a tailspin. However, there is a silver lining to the pandemic.
0:28.0	It's an amazing opportunity to take advantage of the change in your income or to start that new practice through proactive tax planning.
0:34.0	As a spouse of a physician, Alexis Galati, has over 18 years of experience using the tax code to her advantage to keep more of what you earn.
0:42.0	She began cerebral to help docs have a clear path to success through tax efficiency while eliminating surprises.
0:48.0	Her services are flat rate, and she will show you the return on investment before you invest in cerebral services.
0:54.0	If you'd like to find out more, visit www.cerebraltaxadvisors.com or check out Alexis' new book, Advanced Tax Planning for Medical Professionals on Amazon.
1:04.0	Our quote of the day today comes from David Swenson, like last week, who said,
1:08.0	over the past decade, index funds beat the results of 80% of mutual funds.
1:12.0	After adjusting the comparison of index funds to actively manage funds for survivorship bias, taxes and loads,
1:18.0	the dominance of index funds reaches insurmountable proportions.
1:22.0	Thanks so much for what you do. Turns out your work is not that easy. I was in the ER last night and had to set a fracture, fairly simple for our fracture.
1:32.0	But no matter what I did, I couldn't get the reduction to stay.
1:36.0	And so I was glad to be able to call up an orthopedic surgeon and say, you know what, this one's going to have to go to the OR with you.
1:42.0	And to have them understand that, hey, you know, some things just can't be fixed in the ER.
1:46.0	And I'm grateful for that doc for going through orthopedic surgery residency so he could help my patient and help her get back to full function.
1:54.0	And I know what you do is just as important on a daily basis. So thank you for that.
1:58.0	Thank you for those of you who are on the front lines of this COVID pandemic, because it seems to be ramping up throughout the south and the west of the United States.
2:04.0	We're certainly feeling it here in Utah. And I'm sure you are where you are at as well.
	...

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